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: Aster against Arcus+0.038%7-day average — · you sell dearer than you buy

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

Long on Arcus Short on Aster

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropAster: Stage 5 · farm boardneeds both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Aster is 0.038% dearer against Arcus than usual: you sell high and buy low, +$4 on $10k if it goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Arcus PENGU-USD	0.008740	0.0100	pay 0.0013% / 1h	55m 31s	$19K	$23K	5x
Short	Aster PENGUUSDT	0.008743	0.0100	get 0.0050% / 4h	55m 31s	$121K	$579K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Arcus. 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 ArcusbpFee AsterbpOrdersPrice spread, now +0.038%Rate

Funding earned: $0
Price spread: +0.038% → 0.000%: $3.75
Slippage, 4 orders: no order book: not counted
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Fee Aster: 4 bp × 2 orders: −$8
Net: −$8.75
Costs to cover: 0.125%
Break-even: never at this rate

Slippage unknown: Arcus: no order-book sample; Aster: live order book, 2 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 Arcus no order-book sample	—	—	—	—	—
Sell Aster live order book, 2 min ago	8.58 bp	14.3 bp −$14	71.3 bp −$713	doesn't fit	doesn't fit

Arcus: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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
ApeX Omni PENGUUSDT	−0.0359%	1h	0.008737	−0.034%	$80K	$242K	50x	as long as short
Deribit PENGU_USDC-PERPETUAL	0.0000%	1h	0.008750	+0.114%	$18K	$10K	10x	as long as short
Gate PENGU_USDT	+0.0006%	4h	0.008737	−0.034%	$3.3M	$15.5M	75x	as long as short
gTrade (Gains Network) PENGU/USD	L +0.0007% / S −0.0003%	1h	0.008742	+0.018%	$32K	—	150x	as long as short
Injective PENGU/USDC PERP	+0.0033%	1h	0.008789	+0.561%	$3K	$117K	5.5x	as long as short
01 Exchange PENGUUSD	+0.0072%	1h	0.008746	+0.069%	$200	$64	5x	as long as short
Lighter PENGU	+0.0096%	1h	0.008740	0.000%	$311K	$712K	8x	as long as short
Orderly PERP_PENGU_USDC	+0.0099%	4h	0.008751	+0.126%	$23K	$134K	20x	as long as short
Nado PENGU-PERP	+0.0100%	1h	0.008739	−0.009%	$585K	$1.0M	5x	as long as short
Hyperliquid PENGU	+0.0100%	1h	0.008738	−0.023%	$8.1M	$14.7M	5x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster PENGUUSDTshort	+0.0100%	4h	0.008743	+0.038%	$121K	$579K	20x
Pacifica PENGU	+0.0100%	1h	0.008738	−0.023%	$154K	$243K	5x	as long as short
Binance PENGUUSDT	+0.0100%	4h	0.008744	+0.041%	$36.4M	$161.3M	75x	as long as short
Bybit PENGUUSDT	+0.0100%	4h	0.008744	+0.046%	$23.2M	$39.0M	75x	as long as short
OKX PENGU-USDT-SWAP	+0.0100%	4h	0.008732	−0.092%	$7.2M	$46.7M	50x	as long as short
Arcus PENGU-USDlong	+0.0100%	1h	0.008740	long leg	$19K	$23K	5x
MEXC PENGU_USDT	+0.0100%	4h	0.008739	−0.011%	$11.2M	$12.2M	125x	as long as short
KuCoin PENGUUSDTM	+0.0100%	4h	0.008737	−0.034%	$4.8M	$9.2M	75x	as long as short
Bitget PENGUUSDT	+0.0100%	4h	0.008739	−0.011%	$8.2M	$12.4M	75x	as long as short
BingX PENGU-USDC	+0.0100%	4h	0.008746	+0.069%	—	$2.3M	—	as long as short
Backpack PENGU_USDC_PERP	+0.0100%	1h	0.008755	+0.172%	$299K	$295K	10x	as long as short
Variational Omni PENGU	+0.0100%	4h	0.008747	+0.081%	$870K	$985K	—	as long as short
GRVT PENGU_USDT_Perp	+0.0100%	4h	0.008757	+0.192%	$460K	$2.1M	10x	as long as short
SunX PENGU-USDT	+0.0100%	4h	0.008966	+2.586%	$3K	$2.0M	10x	as long as short
SoDEX PENGU-USD	+0.0100%	1h	0.008751	+0.126%	$1K	$5K	5x	as long as short
HTX PENGU-USDT	+0.0100%	4h	0.008766	+0.297%	$92K	$371K	25x	as long as short
Extended PENGU-USD	+0.0104%	1h	0.008741	+0.007%	$184K	$942K	10x	as long as short
Aevo PENGU-PERP	+0.0104%	1h	0.008749	+0.103%	$202K	—	3x	as long as short
Reya PENGURUSDPERP	+0.0239%	1h	0.008736	−0.043%	$295	—	10x	as long as short
BloFin PENGU-USDT	+0.0340%	4h	0.008733	−0.080%	$1.5M	$3.5M	75x	as long as short
Kraken Futures PF_PENGUUSD	+0.0366%	1h	0.008760	+0.232%	$343K	$2.3M	50x	as long as short
dYdX PENGU-USD	+0.0417%	1h	0.008736	−0.051%	$12K	$5K	5x	as long as short
GMX PENGU/USD [WBTC.b-USDC]	L +0.0510% / S −0.0439%	1h	0.008741	+0.011%	$128K	—	100x	as long as short
Coinbase International PENGU-PERP-INTX	+0.2928%	1h	0.008967	+2.597%	$95K	$61K	50x	as long as short