PENGU

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0150%/8h= +16.4% APRnext payment +$0.75 per $10,000 · paid last 24h 0.000%

Price spread now: SunX against Bybit+2.372%56s7-day average +2.782% · you sell dearer than you buy

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

Long on Bybit Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.119%+$12 on $10k

Price spread, last 3 days (all we have)+0.103%+$10 · spread now +2.372%, 7d avg +2.782%

Together, before fees+0.223%+$22 on $10k · with fees, hour by hour

Funding pays, the price is against you. SunX is 0.410% cheaper against Bybit than usual: you would sell low and buy high (spread +2.372% now, against its 7-day average of +2.782%). If the spread goes back, that is −$41 on $10k: about 9.1 days of funding at the current rate (+$4 a day). At the pace of the last 7 days (+0.119% in total) that is about 24 days. The two prices were read 56 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	Bybit PENGUUSDT	0.008812	−0.0050	get 0.0025% / 4h	1h 43m	$22.9M	$36.1M	75x
Short	SunX PENGU-USDT	0.009021	0.0100	get 0.0050% / 4h	1h 43m	$3K	$2.1M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX against Bybit. 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 BybitbpFee SunXbpOrdersPrice spread, now +2.372%Rate

Funding earned: $31.4
Price spread: +2.372% → +2.782%: −$41.04
Slippage, 4 orders: no order book: not counted
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee SunX: 4 bp × 2 orders: −$8
Net: −$28.64
Costs to cover: 0.190%
Break-even: 13.4 days

Slippage unknown: Bybit: live order book, 5 min ago; SunX: live order book, 3 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 Bybit live order book, 5 min ago	0.57 bp	11.8 bp −$12	24.9 bp −$249	142.9 bp −$14.3K	doesn't fit
Sell SunX live order book, 3 min ago	253.00 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
Kraken Futures PF_PENGUUSD	−0.0604%	1h	0.008826	+0.161%	$374K	$2.2M	50x	as long as short
Gate PENGU_USDT	−0.0296%	4h	0.008819	+0.079%	$3.5M	$15.5M	75x	as long as short
01 Exchange PENGUUSD	−0.0080%	1h	0.008833	+0.238%	$202	$59	5x	as long as short
Bybit PENGUUSDTlong	−0.0050%	4h	0.008812	long leg	$22.9M	$36.1M	75x
Deribit PENGU_USDC-PERPETUAL	0.0000%	1h	0.008818	+0.068%	$19K	$9K	10x	as long as short
gTrade (Gains Network) PENGU/USD	L +0.0007% / S −0.0003%	1h	0.008823	+0.124%	$34K	—	150x	as long as short
Injective PENGU/USDC PERP	+0.0033%	1h	0.008715	−1.101%	$3K	$81K	5.5x	as long as short
Lighter PENGU	+0.0096%	1h	0.008827	+0.170%	$302K	$726K	8x	as long as short
Nado PENGU-PERP	+0.0098%	1h	0.008823	+0.131%	$683K	$757K	5x	as long as short
Hyperliquid PENGU	+0.0100%	1h	0.008826	+0.159%	$8.8M	$15.0M	5x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster PENGUUSDT	+0.0100%	4h	0.008835	+0.259%	$175K	$449K	20x	as long as short
Pacifica PENGU	+0.0100%	1h	0.008828	+0.182%	$149K	$236K	5x	as long as short
Binance PENGUUSDT	+0.0100%	4h	0.008821	+0.099%	$36.5M	$151.7M	75x	as long as short
OKX PENGU-USDT-SWAP	+0.0100%	4h	0.008817	+0.057%	$7.7M	$47.1M	50x	as long as short
Arcus PENGU-USD	+0.0100%	1h	0.008830	+0.204%	$19K	$24K	5x	as long as short
MEXC PENGU_USDT	+0.0100%	4h	0.008825	+0.148%	$13.1M	$12.7M	125x	as long as short
KuCoin PENGUUSDTM	+0.0100%	4h	0.008830	+0.204%	$4.8M	$8.8M	75x	as long as short
Bitget PENGUUSDT	+0.0100%	4h	0.008831	+0.216%	$8.4M	$12.5M	75x	as long as short
BingX PENGU-USDT	+0.0100%	4h	0.008816	+0.045%	—	$3.9M	—	as long as short
Backpack PENGU_USDC_PERP	+0.0100%	1h	0.008823	+0.125%	$315K	$309K	10x	as long as short
Variational Omni PENGU	+0.0100%	4h	0.008772	−0.458%	$801K	$735K	—	as long as short
GRVT PENGU_USDT_Perp	+0.0100%	4h	0.008809	−0.035%	$461K	$2.3M	10x	as long as short
ApeX Omni PENGUUSDT	+0.0100%	1h	0.008809	−0.034%	$80K	$253K	50x	as long as short
Orderly PERP_PENGU_USDC	+0.0100%	4h	0.008823	+0.125%	$24K	$186K	20x	as long as short
SunX PENGU-USDTshort	+0.0100%	4h	0.009021	+2.372%	$3K	$2.1M	10x
SoDEX PENGU-USD	+0.0100%	1h	0.008816	+0.045%	$1K	$5K	5x	as long as short
HTX PENGU-USDT	+0.0100%	4h	0.008826	+0.159%	$92K	$250K	25x	as long as short
Extended PENGU-USD	+0.0104%	1h	0.008829	+0.189%	$181K	$682K	10x	as long as short
Aevo PENGU-PERP	+0.0104%	1h	0.008815	+0.034%	$204K	$17K	3x	as long as short
dYdX PENGU-USD	+0.0131%	1h	0.008834	+0.244%	$12K	$4K	5x	as long as short
Reya PENGURUSDPERP	+0.0237%	1h	0.008822	+0.116%	$298	—	10x	as long as short
BloFin PENGU-USDT	+0.0340%	4h	0.008810	−0.023%	$1.5M	$2.7M	75x	as long as short
GMX PENGU/USD [WBTC.b-USDC]	L +0.0511% / S −0.0711%	1h	0.008822	+0.113%	$115K	—	100x	as long as short
Coinbase International PENGU-PERP-INTX	+0.2504%	1h	0.008823	+0.125%	$95K	$101K	50x	as long as short