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: SunX against Aster+2.234%46s7-day average +2.652% · you sell dearer than you buy

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

Long on Aster Short on SunX

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)+0.167%+$17 · spread now +2.234%, 7d avg +2.652%

Together, before fees+0.171%+ Points / potential airdropAster: Stage 5 · farm board+$17 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 0.418% cheaper against Aster than usual: you would sell low and buy high, −$42 on $10k if it goes back to its 7-day average of +2.652%. The two prices were read 46 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	Aster PENGUUSDT	0.009163	0.0100	pay 0.0050% / 4h	14m 27s	$147K	$730K	20x
Short	SunX PENGU-USDT	0.009368	0.0100	get 0.0050% / 4h	14m 27s	$3K	$2.2M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now +2.234%Rate

Funding earned: $0
Price spread: +2.234% → +2.652%: −$41.77
Slippage, 4 orders: no order book: not counted
Fee Aster: 4 bp × 2 orders: −$8
Fee SunX: 4 bp × 2 orders: −$8
Net: −$57.77
Costs to cover: 0.160%
Break-even: never at this rate

Slippage unknown: Aster: live order book, 23 min ago; SunX: 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 Aster live order book, 23 min ago	6.01 bp	13.0 bp −$13	128.7 bp −$1,287	doesn't fit	doesn't fit
Sell SunX live order book, 2 min ago	252.56 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	0.009149	−0.156%	$1K	$29K	10x	as long as short
gTrade (Gains Network) PENGU/USD	L +0.0007% / S −0.0003%	1h	0.009143	−0.221%	$34K	—	150x	as long as short
Injective PENGU/USDC PERP	+0.0033%	1h	0.008789	−4.084%	$3K	$117K	5.5x	as long as short
Lighter PENGU	+0.0096%	1h	0.009168	+0.052%	$331K	$773K	8x	as long as short
Nado PENGU-PERP	+0.0100%	1h	0.009166	+0.024%	$645K	$1.1M	5x	as long as short
Aster PENGUUSDTlong	+0.0100%	4h	0.009163	long leg	$147K	$730K	20x
Pacifica PENGU	+0.0100%	1h	0.009159	−0.047%	$138K	$267K	5x	as long as short
Binance PENGUUSDT	+0.0100%	4h	0.009173	+0.107%	$40.4M	$194.5M	75x	as long as short
Bybit PENGUUSDT	+0.0100%	4h	0.009166	+0.030%	$24.6M	$45.9M	75x	as long as short
OKX PENGU-USDT-SWAP	+0.0100%	4h	0.009165	+0.019%	$8.3M	$57.4M	50x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Arcus PENGU-USD	+0.0100%	1h	0.009170	+0.073%	$18K	$25K	5x	as long as short
Gate PENGU_USDT	+0.0100%	4h	0.009157	−0.068%	$3.7M	$18.1M	75x	as long as short
MEXC PENGU_USDT	+0.0100%	4h	0.009162	−0.014%	$11.3M	$13.1M	125x	as long as short
KuCoin PENGUUSDTM	+0.0100%	4h	0.009164	+0.008%	$5.1M	$10.4M	75x	as long as short
Bitget PENGUUSDT	+0.0100%	4h	0.009184	+0.226%	$9.1M	$14.5M	75x	as long as short
BingX PENGU-USDT	+0.0100%	4h	0.009157	−0.068%	—	$3.8M	—	as long as short
Backpack PENGU_USDC_PERP	+0.0100%	1h	0.009151	−0.134%	$317K	$382K	10x	as long as short
Variational Omni PENGU	+0.0100%	4h	0.009127	−0.395%	$918K	$1.2M	—	as long as short
GRVT PENGU_USDT_Perp	+0.0100%	4h	0.009149	−0.158%	$480K	$2.1M	10x	as long as short
ApeX Omni PENGUUSDT	+0.0100%	1h	0.009155	−0.090%	$80K	$252K	50x	as long as short
Orderly PERP_PENGU_USDC	+0.0100%	4h	0.009144	−0.210%	$24K	$298K	20x	as long as short
SunX PENGU-USDTshort	+0.0100%	4h	0.009368	+2.234%	$3K	$2.2M	10x
SoDEX PENGU-USD	+0.0100%	1h	0.009147	−0.178%	$1K	$5K	5x	as long as short
HTX PENGU-USDT	+0.0100%	4h	0.009172	+0.095%	$95K	$414K	25x	as long as short
Extended PENGU-USD	+0.0104%	1h	0.009160	−0.035%	$188K	$744K	10x	as long as short
Aevo PENGU-PERP	+0.0104%	1h	0.009141	−0.243%	$211K	—	3x	as long as short
Hyperliquid PENGU	+0.0221%	1h	0.009183	+0.215%	$9.4M	$16.6M	5x	as long as short
Reya PENGURUSDPERP	+0.0240%	1h	0.009137	−0.283%	$309	—	10x	as long as short
01 Exchange PENGUUSD	+0.0328%	1h	0.009171	+0.084%	$210	$41	5x	as long as short
BloFin PENGU-USDT	+0.0340%	4h	0.009146	−0.188%	$1.6M	$5.0M	75x	as long as short
dYdX PENGU-USD	+0.0390%	1h	0.009159	−0.044%	$12K	$6K	5x	as long as short
GMX PENGU/USD [WBTC.b-USDC]	L +0.0435% / S −0.0352%	1h	0.009143	−0.221%	$105K	—	100x	as long as short
Kraken Futures PF_PENGUUSD	+0.0534%	1h	0.009150	−0.149%	$355K	$2.6M	50x	as long as short
Coinbase International PENGU-PERP-INTX	+0.1928%	1h	0.009196	+0.357%	$81K	$74K	50x	as long as short