Settings8H · net · $10k
Funding arb · Price arb /

PENGU

all PENGU markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 05:00 UTC+0.0081%/8h= +8.9% APRnext payment +$0.10 per $10,000 · paid last 24h +0.022%
Price spread now: 01 Exchange against gTrade (Gains Network)+0.001%7-day average · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before feesneeds both histories
The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: +$2 a day on $10k at the current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LonggTrade (Gains Network) PENGU/USD0.009021L +0.0007% / S −0.0003%pay 0.0001% / 1h54m 53s$33K150x
Short01 Exchange PENGUUSD0.0090210.0088get 0.0011% / 1h54m 53s$206$645x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

01 Exchange against gTrade (Gains Network). 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

Funding earned
$17
Price spread: +0.001% → 0.000%
$0.14
Slippage, 4 orders
no order book: not counted
Fee gTrade (Gains Network): 5 bp × 2 orders
−$10
Fee 01 Exchange: 3.5 bp × 2 orders
−$7
Net
$0.15
Costs to cover
0.170%
Break-even
6.9 days
Slippage unknown: gTrade (Gains Network): no order-book sample; 01 Exchange: 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
LegHalf-spread$10k$100k$1M$5M
Buy gTrade (Gains Network) no order-book sample
Sell 01 Exchange no order-book sample
gTrade (Gains Network) and 01 Exchange: 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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
gTrade (Gains Network) PENGU/USDlongL +0.0007% / S −0.0003%1h0.009021long leg$33K150x
Injective PENGU/USDC PERP+0.0033%1h0.008789−2.570%$3K$117K5.5xas long as short
dYdX PENGU-USD+0.0080%1h0.008989−0.357%$12K$5K5xas long as short
Deribit PENGU_USDC-PERPETUAL+0.0083%1h0.009025+0.046%$19K$10K10xas long as short
01 Exchange PENGUUSDshort+0.0088%1h0.009021+0.001%$206$645x
Lighter PENGU+0.0096%1h0.009035+0.157%$321K$719K8xas long as short
Nado PENGU-PERP+0.0100%1h0.009018−0.032%$606K$1.0M5xas long as short
Hyperliquid PENGU+0.0100%1h0.009038+0.190%$8.4M$14.7M5xas long as short
Aster PENGUUSDT+0.0100%4h0.009035+0.154%$130K$597K20xas long as short
Pacifica PENGU+0.0100%1h0.008992−0.320%$158K$243K5xas long as short
Show all 34 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Binance PENGUUSDT+0.0100%4h0.009031+0.116%$38.8M$167.7M75xas long as short
Bybit PENGUUSDT+0.0100%4h0.009025+0.046%$23.9M$40.1M75xas long as short
OKX PENGU-USDT-SWAP+0.0100%4h0.009033+0.134%$7.8M$49.4M50xas long as short
Arcus PENGU-USD+0.0100%1h0.009010−0.120%$19K$24K5xas long as short
Gate PENGU_USDT+0.0100%4h0.009028+0.079%$3.4M$15.9M75xas long as short
MEXC PENGU_USDT+0.0100%4h0.009030+0.101%$11.0M$12.4M125xas long as short
KuCoin PENGUUSDTM+0.0100%4h0.009032+0.123%$4.9M$9.3M75xas long as short
Bitget PENGUUSDT+0.0100%4h0.009039+0.201%$8.8M$12.7M75xas long as short
BingX PENGU-USDC+0.0100%4h0.009021+0.001%$2.3Mas long as short
Backpack PENGU_USDC_PERP+0.0100%1h0.009035+0.157%$302K$330K10xas long as short
Variational Omni PENGU+0.0100%4h0.008998−0.254%$934K$1.0Mas long as short
GRVT PENGU_USDT_Perp+0.0100%4h0.008963−0.636%$478K$2.1M10xas long as short
ApeX Omni PENGUUSDT+0.0100%1h0.008966−0.608%$81K$242K50xas long as short
Orderly PERP_PENGU_USDC+0.0100%4h0.009023+0.024%$24K$85K20xas long as short
SunX PENGU-USDT+0.0100%4h0.009245+2.485%$3K$2.1M10xas long as short
SoDEX PENGU-USD+0.0100%1h0.009025+0.046%$1K$5K5xas long as short
HTX PENGU-USDT+0.0100%4h0.009014−0.076%$93K$377K25xas long as short
Extended PENGU-USD+0.0104%1h0.009028+0.084%$186K$943K10xas long as short
Aevo PENGU-PERP+0.0104%1h0.009022+0.013%$208K3xas long as short
Reya PENGURUSDPERP+0.0239%1h0.009018−0.030%$30510xas long as short
BloFin PENGU-USDT+0.0340%4h0.009023+0.024%$1.5M$4.0M75xas long as short
GMX PENGU/USD [WBTC.b-USDC]L +0.0514% / S −0.0477%1h0.009024+0.035%$127K100xas long as short
Kraken Futures PF_PENGUUSD+0.0605%1h0.009041+0.227%$353K$2.4M50xas long as short
Coinbase International PENGU-PERP-INTX+0.2704%1h0.009069+0.534%$96K$61K50xas long as short