Funding arb · Price arb /

PENGU

all PENGU markets

Swap Backtest

Alert: funding

Alert: spread

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

Price spread now: HTX against Aster+0.150%7-day average +0.245% · you sell dearer than you buy

Net, funding: paid 7d − costs−$176as in the Funding arb table

Net, price: spread back to 7d avg − costs−$208as in the Price arb table

costs, in and out, $10k−$1981.982% of the position

Long on Aster Short on HTX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.219%+$22 on $10k

Price spread, last 3 days (all we have)+0.049%+$5 · spread now +0.150%, 7d avg +0.245%

Together, before fees+0.268%+ Points / potential airdropAster: Stage 5 · farm board+$27 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: HTX is 0.095% 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 +0.245%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster PENGUUSDT	0.008755	0.0100	pay 0.0050% / 4h	28m 17s	$188K	$468K	20x
Short	HTX PENGU-USDT	0.008768	0.0100	get 0.0050% / 4h	28m 17s	$92K	$249K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX 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 HTXbpOrdersPrice spread, now +0.150%Rate

Funding earned: $0
Price spread: +0.150% → +0.245%: −$9.46
Slippage, 4 orders: −$178.23
Fee Aster: 4 bp × 2 orders: −$8
Fee HTX: 6 bp × 2 orders: −$12
Net: −$207.69
Costs to cover: 1.982%
Break-even: never at this rate

Slippage from Aster: live order book, 49 min ago; HTX: live order book, 48 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, 49 min ago	5.12 bp	12.1 bp −$12	doesn't fit	doesn't fit	doesn't fit
Sell HTX live order book, 48 min ago	13.61 bp	154.9 bp −$155	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
Kraken Futures PF_PENGUUSD	−0.0342%	1h	0.008752	−0.031%	$368K	$2.3M	50x	as long as short
Gate PENGU_USDT	−0.0272%	4h	0.008743	−0.135%	$3.4M	$15.6M	75x	as long as short
Bybit PENGUUSDT	−0.0269%	4h	0.008746	−0.101%	$22.7M	$36.7M	75x	as long as short
01 Exchange PENGUUSD	−0.0240%	1h	0.008747	−0.090%	$200	$59	5x	as long as short
Variational Omni PENGU	−0.0209%	4h	0.008739	−0.175%	$798K	$802K	—	as long as short
Backpack PENGU_USDC_PERP	−0.0128%	1h	0.008755	+0.002%	$312K	$313K	10x	as long as short
Injective PENGU/USDC PERP	−0.0114%	1h	0.008789	+0.390%	$3K	$117K	5.5x	as long as short
Deribit PENGU_USDC-PERPETUAL	0.0000%	1h	0.008749	−0.067%	$19K	$9K	10x	as long as short
Nado PENGU-PERP	+0.0001%	1h	0.008747	−0.084%	$695K	$774K	5x	as long as short
gTrade (Gains Network) PENGU/USD	L +0.0007% / S −0.0003%	1h	0.008750	−0.061%	$33K	—	150x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
dYdX PENGU-USD	+0.0026%	1h	0.008758	+0.033%	$12K	$4K	5x	as long as short
GRVT PENGU_USDT_Perp	+0.0094%	4h	0.008745	−0.113%	$458K	$2.1M	10x	as long as short
Lighter PENGU	+0.0096%	1h	0.008751	−0.044%	$306K	$741K	8x	as long as short
Orderly PERP_PENGU_USDC	+0.0100%	4h	0.008750	−0.055%	$23K	$186K	20x	as long as short
Hyperliquid PENGU	+0.0100%	1h	0.008748	−0.078%	$8.4M	$15.3M	5x	as long as short
Aster PENGUUSDTlong	+0.0100%	4h	0.008755	long leg	$188K	$468K	20x
Pacifica PENGU	+0.0100%	1h	0.008750	−0.055%	$151K	$239K	5x	as long as short
Binance PENGUUSDT	+0.0100%	4h	0.008748	−0.078%	$36.2M	$154.6M	75x	as long as short
OKX PENGU-USDT-SWAP	+0.0100%	4h	0.008750	−0.055%	$7.5M	$47.0M	50x	as long as short
Arcus PENGU-USD	+0.0100%	1h	0.008750	−0.055%	$19K	$24K	5x	as long as short
MEXC PENGU_USDT	+0.0100%	4h	0.008747	−0.090%	$12.4M	$12.6M	125x	as long as short
KuCoin PENGUUSDTM	+0.0100%	4h	0.008750	−0.055%	$4.7M	$9.0M	75x	as long as short
Bitget PENGUUSDT	+0.0100%	4h	0.008752	−0.033%	$8.3M	$12.6M	75x	as long as short
BingX PENGU-USDC	+0.0100%	4h	0.008738	−0.192%	—	$2.3M	—	as long as short
ApeX Omni PENGUUSDT	+0.0100%	1h	0.008754	−0.010%	$80K	$254K	50x	as long as short
SunX PENGU-USDT	+0.0100%	4h	0.008961	+2.355%	$2K	$2.1M	10x	as long as short
SoDEX PENGU-USD	+0.0100%	1h	0.008746	−0.101%	$1K	$5K	5x	as long as short
HTX PENGU-USDTshort	+0.0100%	4h	0.008768	+0.150%	$92K	$249K	25x
Extended PENGU-USD	+0.0104%	1h	0.008744	−0.120%	$180K	$622K	10x	as long as short
Aevo PENGU-PERP	+0.0104%	1h	0.008745	−0.113%	$202K	$17K	3x	as long as short
Reya PENGURUSDPERP	+0.0238%	1h	0.008744	−0.128%	$295	—	10x	as long as short
BloFin PENGU-USDT	+0.0340%	4h	0.008750	−0.055%	$1.5M	$2.8M	75x	as long as short
GMX PENGU/USD [WBTC.b-USDC]	L +0.0496% / S −0.0683%	1h	0.008750	−0.055%	$110K	—	100x	as long as short
Coinbase International PENGU-PERP-INTX	+0.2688%	1h	0.008788	+0.379%	$94K	$103K	50x	as long as short