Funding arb · Price arb /

PENGU

all PENGU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: BingX against Aster−0.134%7-day average −0.041% · you buy dearer than you sell

Net, funding: paid 7d − costs−$45as in the Funding arb table

Net, price: spread back to 7d avg − costs−$55as in the Price arb table

costs, in and out, $10k−$460.458% of the position

Long on Aster Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.004%$0 on $10k

Price spread, last 4 days (all we have)+0.108%+$11 · spread now −0.134%, 7d avg −0.041%

Together, before fees+0.112%+ Points / potential airdropAster: Stage 5 · farm board+$11 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: BingX is 0.092% cheaper against Aster than usual: you would sell low and buy high, −$9 on $10k if it goes back to its 7-day average of −0.041%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster PENGUUSDT	0.009123	0.0100	pay 0.0050% / 4h	24m 29s	$145K	$717K	20x
Short	BingX PENGU-USDT	0.009111	0.0100	get 0.0050% / 4h	24m 29s	—	$3.8M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX 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 BingXbpOrdersPrice spread, now −0.134%Rate

Funding earned: $0
Price spread: −0.134% → −0.041%: −$9.23
Slippage, 4 orders: −$27.83
Fee Aster: 4 bp × 2 orders: −$8
Fee BingX: 5 bp × 2 orders: −$10
Net: −$55.06
Costs to cover: 0.458%
Break-even: never at this rate

Slippage from Aster: live order book, 13 min ago; BingX: live order book, 11 min ago.

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, 13 min ago	6.01 bp	13.0 bp −$13	128.7 bp −$1,287	doesn't fit	doesn't fit
Sell BingX live order book, 11 min ago	0.55 bp	9.0 bp −$9	15.7 bp −$157	58.7 bp −$5,870	314.9 bp −$157.4K

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
gTrade (Gains Network) PENGU/USD	L +0.0007% / S −0.0003%	1h	0.009123	−0.007%	$34K	—	150x	as long as short
Injective PENGU/USDC PERP	+0.0033%	1h	0.008789	−3.663%	$3K	$117K	5.5x	as long as short
Deribit PENGU_USDC-PERPETUAL	+0.0079%	1h	0.009119	−0.046%	$1K	$29K	10x	as long as short
Lighter PENGU	+0.0096%	1h	0.009129	+0.064%	$330K	$773K	8x	as long as short
Aster PENGUUSDTlong	+0.0100%	4h	0.009123	long leg	$145K	$717K	20x
Pacifica PENGU	+0.0100%	1h	0.009117	−0.068%	$138K	$267K	5x	as long as short
Binance PENGUUSDT	+0.0100%	4h	0.009117	−0.067%	$40.2M	$193.2M	75x	as long as short
Bybit PENGUUSDT	+0.0100%	4h	0.009104	−0.210%	$24.4M	$45.4M	75x	as long as short
OKX PENGU-USDT-SWAP	+0.0100%	4h	0.009109	−0.156%	$8.1M	$56.6M	50x	as long as short
Arcus PENGU-USD	+0.0100%	1h	0.009120	−0.035%	$18K	$25K	5x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate PENGU_USDT	+0.0100%	4h	0.009114	−0.101%	$3.7M	$17.9M	75x	as long as short
MEXC PENGU_USDT	+0.0100%	4h	0.009114	−0.101%	$11.3M	$13.1M	125x	as long as short
KuCoin PENGUUSDTM	+0.0100%	4h	0.009112	−0.123%	$5.0M	$10.3M	75x	as long as short
Bitget PENGUUSDT	+0.0100%	4h	0.009117	−0.068%	$9.0M	$14.4M	75x	as long as short
BingX PENGU-USDTshort	+0.0100%	4h	0.009111	−0.134%	—	$3.8M	—
Backpack PENGU_USDC_PERP	+0.0100%	1h	0.009112	−0.123%	$314K	$381K	10x	as long as short
Variational Omni PENGU	+0.0100%	4h	0.009119	−0.048%	$932K	$1.1M	—	as long as short
GRVT PENGU_USDT_Perp	+0.0100%	4h	0.009145	+0.239%	$480K	$2.1M	10x	as long as short
ApeX Omni PENGUUSDT	+0.0100%	1h	0.009154	+0.338%	$80K	$252K	50x	as long as short
Nado PENGU-PERP	+0.0100%	1h	0.009114	−0.106%	$642K	$1.1M	5x	as long as short
Orderly PERP_PENGU_USDC	+0.0100%	4h	0.009117	−0.068%	$23K	$285K	20x	as long as short
SunX PENGU-USDT	+0.0100%	4h	0.009332	+2.289%	$3K	$2.2M	10x	as long as short
SoDEX PENGU-USD	+0.0100%	1h	0.009113	−0.112%	$1K	$5K	5x	as long as short
HTX PENGU-USDT	+0.0100%	4h	0.009141	+0.195%	$94K	$414K	25x	as long as short
Extended PENGU-USD	+0.0104%	1h	0.009112	−0.125%	$187K	$744K	10x	as long as short
Aevo PENGU-PERP	+0.0104%	1h	0.009111	−0.134%	$210K	—	3x	as long as short
Hyperliquid PENGU	+0.0144%	1h	0.009124	+0.009%	$9.2M	$16.5M	5x	as long as short
Reya PENGURUSDPERP	+0.0240%	1h	0.009127	+0.038%	$308	—	10x	as long as short
01 Exchange PENGUUSD	+0.0328%	1h	0.009124	+0.009%	$209	$41	5x	as long as short
BloFin PENGU-USDT	+0.0340%	4h	0.009130	+0.075%	$1.6M	$5.0M	75x	as long as short
dYdX PENGU-USD	+0.0378%	1h	0.009122	−0.011%	$12K	$6K	5x	as long as short
GMX PENGU/USD [WBTC.b-USDC]	L +0.0434% / S −0.0352%	1h	0.009126	+0.031%	$105K	—	100x	as long as short
Kraken Futures PF_PENGUUSD	+0.0536%	1h	0.009118	−0.058%	$356K	$2.6M	50x	as long as short
Coinbase International PENGU-PERP-INTX	+0.1928%	1h	0.009196	+0.798%	$81K	$74K	50x	as long as short