Funding arb · Price arb /

PENGU

all PENGU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: Arcus against Aster−0.008%7-day average — · you buy dearer than you sell

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

Long on Aster Short on Arcus

What this pair did over the last

the charts below follow

Funding, last 3 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

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster PENGUUSDT	0.008781	0.0100	pay 0.0050% / 4h	1h 01m	$190K	$467K	20x
Short	Arcus PENGU-USD	0.008780	0.0100	get 0.0013% / 1h	1m 20s	$19K	$24K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Arcus against Aster. 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 AsterbpFee ArcusbpOrdersPrice spread, now −0.008%Rate

Funding earned: $0
Price spread: −0.008% → 0.000%: −$0.82
Slippage, 4 orders: no order book: not counted
Fee Aster: 4 bp × 2 orders: −$8
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Net: −$13.32
Costs to cover: 0.125%
Break-even: never at this rate

Slippage unknown: Aster: live order book, 16 min ago; Arcus: no order-book sample. 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 Aster live order book, 16 min ago	5.12 bp	12.1 bp −$12	doesn't fit	doesn't fit	doesn't fit
Sell Arcus no order-book sample	—	—	—	—	—

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
Kraken Futures PF_PENGUUSD	−0.0607%	1h	0.008788	+0.088%	$367K	$2.2M	50x	as long as short
Gate PENGU_USDT	−0.0268%	4h	0.008773	−0.088%	$3.4M	$15.6M	75x	as long as short
Deribit PENGU_USDC-PERPETUAL	−0.0205%	1h	0.008779	−0.020%	$19K	$9K	10x	as long as short
Bybit PENGUUSDT	−0.0204%	4h	0.008768	−0.145%	$22.8M	$36.5M	75x	as long as short
01 Exchange PENGUUSD	−0.0120%	1h	0.008772	−0.099%	$201	$59	5x	as long as short
Variational Omni PENGU	−0.0087%	4h	0.008784	+0.041%	$802K	$802K	—	as long as short
gTrade (Gains Network) PENGU/USD	L +0.0007% / S −0.0003%	1h	0.008778	−0.037%	$33K	—	150x	as long as short
Injective PENGU/USDC PERP	+0.0033%	1h	0.008789	+0.094%	$3K	$117K	5.5x	as long as short
Nado PENGU-PERP	+0.0054%	1h	0.008771	−0.111%	$683K	$760K	5x	as long as short
Backpack PENGU_USDC_PERP	+0.0079%	1h	0.008777	−0.042%	$313K	$309K	10x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter PENGU	+0.0096%	1h	0.008778	−0.031%	$308K	$736K	8x	as long as short
Orderly PERP_PENGU_USDC	+0.0100%	4h	0.008777	−0.042%	$23K	$186K	20x	as long as short
Hyperliquid PENGU	+0.0100%	1h	0.008774	−0.077%	$8.5M	$15.2M	5x	as long as short
Aster PENGUUSDTlong	+0.0100%	4h	0.008781	long leg	$190K	$467K	20x
Pacifica PENGU	+0.0100%	1h	0.008774	−0.077%	$151K	$239K	5x	as long as short
Binance PENGUUSDT	+0.0100%	4h	0.008774	−0.077%	$36.5M	$153.6M	75x	as long as short
OKX PENGU-USDT-SWAP	+0.0100%	4h	0.008772	−0.099%	$7.6M	$47.1M	50x	as long as short
Arcus PENGU-USDshort	+0.0100%	1h	0.008780	−0.008%	$19K	$24K	5x
MEXC PENGU_USDT	+0.0100%	4h	0.008775	−0.065%	$12.6M	$12.8M	125x	as long as short
KuCoin PENGUUSDTM	+0.0100%	4h	0.008777	−0.042%	$4.8M	$8.9M	75x	as long as short
Bitget PENGUUSDT	+0.0100%	4h	0.008781	+0.003%	$8.3M	$12.6M	75x	as long as short
BingX PENGU-USDT	+0.0100%	4h	0.008773	−0.088%	—	$3.9M	—	as long as short
GRVT PENGU_USDT_Perp	+0.0100%	4h	0.008795	+0.157%	$460K	$2.3M	10x	as long as short
ApeX Omni PENGUUSDT	+0.0100%	1h	0.008782	+0.015%	$80K	$253K	50x	as long as short
SunX PENGU-USDT	+0.0100%	4h	0.008987	+2.349%	$3K	$2.1M	10x	as long as short
SoDEX PENGU-USD	+0.0100%	1h	0.008777	−0.042%	$999	$5K	5x	as long as short
HTX PENGU-USDT	+0.0100%	4h	0.008801	+0.231%	$92K	$249K	25x	as long as short
Extended PENGU-USD	+0.0104%	1h	0.008771	−0.113%	$181K	$622K	10x	as long as short
Aevo PENGU-PERP	+0.0104%	1h	0.008773	−0.088%	$203K	$17K	3x	as long as short
dYdX PENGU-USD	+0.0124%	1h	0.008781	−0.002%	$12K	$4K	5x	as long as short
Reya PENGURUSDPERP	+0.0237%	1h	0.008770	−0.117%	$296	—	10x	as long as short
BloFin PENGU-USDT	+0.0340%	4h	0.008775	−0.065%	$1.5M	$2.8M	75x	as long as short
GMX PENGU/USD [WBTC.b-USDC]	L +0.0510% / S −0.0711%	1h	0.008779	−0.020%	$114K	—	100x	as long as short
Coinbase International PENGU-PERP-INTX	+0.2504%	1h	0.008914	+1.518%	$95K	$105K	50x	as long as short