Funding arb · Price arb /

PENGU

all PENGU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: Arcus against BingX0.000%7-day average — · you sell dearer than you buy

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

Long on BingX Short on Arcus

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—needs both histories

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX PENGU-USDT	0.008720	0.0100	pay 0.0050% / 4h	1h 44m	—	$3.6M	—
Short	Arcus PENGU-USD	0.008720	0.0100	get 0.0013% / 1h	44m 11s	$19K	$24K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Arcus against BingX. 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 BingXbpFee ArcusbpOrdersPrice spread, now 0.000%Rate

Funding earned: $0
Price spread: 0.000% → 0.000%: $0
Slippage, 4 orders: no order book: not counted
Fee BingX: 5 bp × 2 orders: −$10
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Net: −$14.5
Costs to cover: 0.145%
Break-even: never at this rate

Slippage unknown: BingX: live order book, 5 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 BingX live order book, 5 min ago	0.57 bp	5.6 bp −$6	11.8 bp −$118	18.9 bp −$1,891	248.7 bp −$124.3K
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
Deribit PENGU_USDC-PERPETUAL	−0.0094%	1h	0.008728	+0.092%	$18K	$10K	10x	as long as short
01 Exchange PENGUUSD	−0.0008%	1h	0.008713	−0.080%	$199	$64	5x	as long as short
gTrade (Gains Network) PENGU/USD	L +0.0007% / S −0.0003%	1h	0.008723	+0.033%	$32K	—	150x	as long as short
Gate PENGU_USDT	+0.0018%	4h	0.008719	−0.011%	$3.4M	$15.5M	75x	as long as short
Injective PENGU/USDC PERP	+0.0033%	1h	0.008789	+0.791%	$3K	$117K	5.5x	as long as short
Lighter PENGU	+0.0096%	1h	0.008729	+0.103%	$310K	$709K	8x	as long as short
Orderly PERP_PENGU_USDC	+0.0099%	4h	0.008725	+0.057%	$23K	$165K	20x	as long as short
Nado PENGU-PERP	+0.0100%	1h	0.008717	−0.029%	$587K	$1.0M	5x	as long as short
Hyperliquid PENGU	+0.0100%	1h	0.008726	+0.069%	$8.1M	$14.6M	5x	as long as short
Aster PENGUUSDT	+0.0100%	4h	0.008724	+0.050%	$131K	$574K	20x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica PENGU	+0.0100%	1h	0.008715	−0.057%	$153K	$243K	5x	as long as short
Binance PENGUUSDT	+0.0100%	4h	0.008724	+0.046%	$36.6M	$159.4M	75x	as long as short
Bybit PENGUUSDT	+0.0100%	4h	0.008730	+0.115%	$23.2M	$38.6M	75x	as long as short
OKX PENGU-USDT-SWAP	+0.0100%	4h	0.008734	+0.161%	$7.5M	$46.3M	50x	as long as short
Arcus PENGU-USDshort	+0.0100%	1h	0.008720	0.000%	$19K	$24K	5x
MEXC PENGU_USDT	+0.0100%	4h	0.008730	+0.115%	$11.5M	$12.3M	125x	as long as short
KuCoin PENGUUSDTM	+0.0100%	4h	0.008718	−0.023%	$4.8M	$9.1M	75x	as long as short
Bitget PENGUUSDT	+0.0100%	4h	0.008729	+0.103%	$8.2M	$12.4M	75x	as long as short
BingX PENGU-USDTlong	+0.0100%	4h	0.008720	long leg	—	$3.6M	—
Backpack PENGU_USDC_PERP	+0.0100%	1h	0.008718	−0.023%	$299K	$276K	10x	as long as short
Variational Omni PENGU	+0.0100%	4h	0.008701	−0.218%	$863K	$986K	—	as long as short
GRVT PENGU_USDT_Perp	+0.0100%	4h	0.008688	−0.364%	$455K	$2.0M	10x	as long as short
ApeX Omni PENGUUSDT	+0.0100%	1h	0.008708	−0.138%	$79K	$243K	50x	as long as short
SunX PENGU-USDT	+0.0100%	4h	0.008928	+2.385%	$2K	$2.0M	10x	as long as short
SoDEX PENGU-USD	+0.0100%	1h	0.008725	+0.057%	$1K	$5K	5x	as long as short
HTX PENGU-USDT	+0.0100%	4h	0.008743	+0.264%	$91K	$348K	25x	as long as short
Extended PENGU-USD	+0.0104%	1h	0.008726	+0.065%	$182K	$941K	10x	as long as short
Aevo PENGU-PERP	+0.0104%	1h	0.008721	+0.011%	$201K	—	3x	as long as short
dYdX PENGU-USD	+0.0220%	1h	0.008713	−0.075%	$12K	$4K	5x	as long as short
Reya PENGURUSDPERP	+0.0239%	1h	0.008721	+0.014%	$294	—	10x	as long as short
BloFin PENGU-USDT	+0.0340%	4h	0.008710	−0.115%	$1.5M	$3.3M	75x	as long as short
GMX PENGU/USD [WBTC.b-USDC]	L +0.0510% / S −0.0582%	1h	0.008723	+0.034%	$119K	—	100x	as long as short
Kraken Futures PF_PENGUUSD	+0.0652%	1h	0.008730	+0.119%	$357K	$2.3M	50x	as long as short
Coinbase International PENGU-PERP-INTX	+0.2296%	1h	0.008967	+2.833%	$95K	$94K	50x	as long as short