Funding arb · Price arb / Crypto
PENGU
All PENGU markets →
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 0.009766 | 0 | 0.0000% / 1h | 33m 04s | $5K | $8K | 5x | Long dYdX | |
| SHORT | 0.009772 | +0.0100 | get 0.0050% / 4h | 3h 33m | $1.5M | $2.9M | 50x | Short Phemex |
Price gap+0.057%
Funding gap+0.0100% /8h
Both sides work: funding pays +$3 a day on $10k, and the gap is 0.057% above zero (no 7-day history yet): +$6 more if it goes back.
Funding on this pair cost 0.131% over the last 7 days: the rate has only just turned.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding−$13+0.0100% /8h now · paid −0.131% over the last 7D
Price—spread +0.057% now · no price history on both exchanges yet
Costsno datano order book for dYdX
Result, before costs—no pointsneeds both price histories
Funding history
you earnyou payavg
RANGE STATS · 7D
Average /8h—
Highest—
Lowest—
Paid you—
Short leg rate minus long leg rate, per 8h. Above zero: the pair pays you.
Price spread between the two exchanges
Phemex price against dYdXnow
RANGE STATS · 7D
Now+0.057%
Average—
Range—
Wider than now—
Where the spread has been, last 7D▾
share of time at each level
Funding on every exchange
/8hPENGU on 34 exchanges
lowest funding firstBefore you open
0 ok · 3 to watch- Note: Order book unknown—No order-book sample for dYdX: its slippage is not counted.
- Note: Margin at max leverage$2,000 + $200dYdX 5x, Phemex 50x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
- Watch: Payment intervals differ1h / 4hPayments land at different times. Close right after the slower leg pays.Next 24h at the current rates, on $10k a leg: +$3.00Long dYdX: 24 payments, $0.00; short Phemex: 6 payments, +$3.00.
- Note: No 7-day spread history+0.057%The gap cannot be compared with its average yet.
- Watch: Long leg is thinner$5K vs $1.5M OIdYdX sets your exit cost. Check its book before closing.
- Note: No points program—Neither exchange runs points right now.
- Watch: KYCdYdX No · Phemex YesKYC unlocks spot and futures trading; an unverified account cannot withdraw at all.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned−0.0067%/8h × 21 periods−$14.06
Price spread+0.057% → 0+$5.68
Slippage, 4 ordersno data for dYdX—
Fee dYdX bp × 2 orders−$10.00
Fee Phemex bp × 2 orders−$12.00
Net, fees only · 7 days · $10k−$30.38
Costs to cover0.220%Break-evennever at this rate
Slippage: dYdX: no order-book sample; Phemex: live order book, 5 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGdYdX—————
SELL · SHORTPhemex4.0937.0 bp−$37doesn’t fitdoesn’t fitdoesn’t fit
Closing costs about the same again.
dYdX: no data.
| 09-23 09:31 | Phemex | Listing | new market PENGUUSDT ($PENGU) seen by our collector |
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