Funding arb · Price arb /

PENGU

all PENGU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: SunX against ApeX Omni+2.275%73s7-day average +2.666% · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on ApeX Omni Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.011%+$1 on $10k

Price spread, last 4 days (all we have)+0.243%+$24 · spread now +2.275%, 7d avg +2.666%

Together, before fees+0.254%+$25 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: SunX is 0.391% cheaper against ApeX Omni than usual: you would sell low and buy high, −$39 on $10k if it goes back to its 7-day average of +2.666%. The two prices were read 73 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	ApeX Omni PENGUUSDT	0.008704	0.0100	pay 0.0013% / 1h	48m 05s	$79K	$243K	50x
Short	SunX PENGU-USDT	0.008902	0.0100	get 0.0050% / 4h	48m 05s	$2K	$2.0M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX against ApeX Omni. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee ApeX OmnibpFee SunXbpOrdersPrice spread, now +2.275%Rate

Funding earned: $0
Price spread: +2.275% → +2.666%: −$39.12
Slippage, 4 orders: no order book: not counted
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee SunX: 4 bp × 2 orders: −$8
Net: −$57.12
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: ApeX Omni: live order book, 8 min ago; SunX: live order book, 8 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy ApeX Omni live order book, 8 min ago	5.14 bp	13.2 bp −$13	108.3 bp −$1,083	doesn't fit	doesn't fit
Sell SunX live order book, 8 min ago	250.35 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit

PENGU on 34 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Deribit PENGU_USDC-PERPETUAL	0.0000%	1h	0.008686	−0.207%	$18K	$10K	10x	as long as short
gTrade (Gains Network) PENGU/USD	L +0.0007% / S −0.0003%	1h	0.008686	−0.209%	$32K	—	150x	as long as short
Gate PENGU_USDT	+0.0016%	4h	0.008676	−0.322%	$3.3M	$15.6M	75x	as long as short
Injective PENGU/USDC PERP	+0.0033%	1h	0.008789	+0.977%	$3K	$117K	5.5x	as long as short
01 Exchange PENGUUSD	+0.0040%	1h	0.008691	−0.149%	$199	$64	5x	as long as short
Lighter PENGU	+0.0096%	1h	0.008685	−0.218%	$309K	$712K	8x	as long as short
Orderly PERP_PENGU_USDC	+0.0099%	4h	0.008686	−0.207%	$23K	$129K	20x	as long as short
Nado PENGU-PERP	+0.0100%	1h	0.008683	−0.236%	$583K	$1.0M	5x	as long as short
Hyperliquid PENGU	+0.0100%	1h	0.008686	−0.207%	$8.1M	$14.7M	5x	as long as short
Aster PENGUUSDT	+0.0100%	4h	0.008686	−0.212%	$120K	$579K	20x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica PENGU	+0.0100%	1h	0.008679	−0.287%	$153K	$241K	5x	as long as short
Binance PENGUUSDT	+0.0100%	4h	0.008683	−0.237%	$36.1M	$161.4M	75x	as long as short
Bybit PENGUUSDT	+0.0100%	4h	0.008680	−0.276%	$22.9M	$39.1M	75x	as long as short
OKX PENGU-USDT-SWAP	+0.0100%	4h	0.008682	−0.253%	$7.2M	$46.4M	50x	as long as short
Arcus PENGU-USD	+0.0100%	1h	0.008690	−0.161%	$19K	$23K	5x	as long as short
MEXC PENGU_USDT	+0.0100%	4h	0.008684	−0.230%	$11.0M	$12.3M	125x	as long as short
KuCoin PENGUUSDTM	+0.0100%	4h	0.008683	−0.241%	$4.8M	$9.2M	75x	as long as short
Bitget PENGUUSDT	+0.0100%	4h	0.008687	−0.195%	$8.2M	$12.3M	75x	as long as short
BingX PENGU-USDT	+0.0100%	4h	0.008682	−0.253%	—	$3.6M	—	as long as short
Backpack PENGU_USDC_PERP	+0.0100%	1h	0.008683	−0.241%	$296K	$293K	10x	as long as short
Variational Omni PENGU	+0.0100%	4h	0.008695	−0.104%	$864K	$985K	—	as long as short
GRVT PENGU_USDT_Perp	+0.0100%	4h	0.008741	+0.428%	$459K	$2.1M	10x	as long as short
ApeX Omni PENGUUSDTlong	+0.0100%	1h	0.008704	long leg	$79K	$243K	50x
SunX PENGU-USDTshort	+0.0100%	4h	0.008902	+2.275%	$2K	$2.0M	10x
SoDEX PENGU-USD	+0.0100%	1h	0.008680	−0.276%	$1K	$5K	5x	as long as short
HTX PENGU-USDT	+0.0100%	4h	0.008691	−0.149%	$90K	$372K	25x	as long as short
Extended PENGU-USD	+0.0104%	1h	0.008678	−0.302%	$179K	$946K	10x	as long as short
Aevo PENGU-PERP	+0.0104%	1h	0.008682	−0.253%	$201K	—	3x	as long as short
Reya PENGURUSDPERP	+0.0239%	1h	0.008682	−0.254%	$293	—	10x	as long as short
BloFin PENGU-USDT	+0.0340%	4h	0.008670	−0.391%	$1.5M	$3.5M	75x	as long as short
Kraken Futures PF_PENGUUSD	+0.0369%	1h	0.008686	−0.203%	$340K	$2.4M	50x	as long as short
dYdX PENGU-USD	+0.0388%	1h	0.008675	−0.334%	$11K	$5K	5x	as long as short
GMX PENGU/USD [WBTC.b-USDC]	L +0.0494% / S −0.0419%	1h	0.008686	−0.207%	$123K	—	100x	as long as short
Coinbase International PENGU-PERP-INTX	+0.2928%	1h	0.008967	+3.022%	$95K	$61K	50x	as long as short