Funding arb · Price arb /

PENGU

all PENGU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h +0.001%

Price spread now: Aevo against HTX−0.341%7-day average −0.302% · you buy dearer than you sell

Net, funding: paid 7d − costs−$321as in the Funding arb table

Net, price: spread back to 7d avg − costs−$304as in the Price arb table

costs, in and out, $10k−$3003.005% of the position

Long on HTX Short on Aevo

What this pair did over the last

the charts below follow

Funding, last 7 days−0.210%−$21 on $10k

Price spread, last 4 days (all we have)+0.067%+$7 · spread now −0.341%, 7d avg −0.302%

Together, before fees−0.142%−$14 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: Aevo is 0.039% cheaper against HTX than usual: you would sell low and buy high, −$4 on $10k if it goes back to its 7-day average of −0.302%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX PENGU-USDT	0.009095	0.0100	pay 0.0050% / 4h	1h 43m	$94K	$404K	25x
Short	Aevo PENGU-PERP	0.009064	0.0104	get 0.0013% / 1h	43m 20s	$209K	—	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aevo against HTX. 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 HTXbpFee AevobpOrdersPrice spread, now −0.341%Rate

Funding earned: $0.84
Price spread: −0.341% → −0.302%: −$3.88
Slippage, 4 orders: −$272.49
Fee HTX: 6 bp × 2 orders: −$12
Fee Aevo: 8 bp × 2 orders: −$16
Net: −$303.53
Costs to cover: 3.005%
Break-even: 2536.4 days

Slippage from HTX: live order book, 65 min ago; Aevo: live order book, 1 min ago.

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 HTX live order book, 65 min ago	5.09 bp	11.1 bp −$11	doesn't fit	doesn't fit	doesn't fit
Sell Aevo live order book, 1 min ago	60.41 bp	78.8 bp −$79	297.3 bp −$2,973	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
gTrade (Gains Network) PENGU/USD	L +0.0007% / S −0.0003%	1h	0.009076	−0.207%	$33K	—	150x	as long as short
Injective PENGU/USDC PERP	+0.0033%	1h	0.008789	−3.364%	$3K	$117K	5.5x	as long as short
Lighter PENGU	+0.0096%	1h	0.009074	−0.231%	$325K	$767K	8x	as long as short
Nado PENGU-PERP	+0.0100%	1h	0.009077	−0.192%	$638K	$1.1M	5x	as long as short
Aster PENGUUSDT	+0.0100%	4h	0.009072	−0.258%	$131K	$716K	20x	as long as short
Pacifica PENGU	+0.0100%	1h	0.009072	−0.253%	$139K	$291K	5x	as long as short
Binance PENGUUSDT	+0.0100%	4h	0.009072	−0.258%	$39.9M	$188.1M	75x	as long as short
Bybit PENGUUSDT	+0.0100%	4h	0.009060	−0.385%	$24.0M	$44.0M	75x	as long as short
OKX PENGU-USDT-SWAP	+0.0100%	4h	0.009066	−0.319%	$8.0M	$54.6M	50x	as long as short
Arcus PENGU-USD	+0.0100%	1h	0.009100	+0.055%	$18K	$26K	5x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate PENGU_USDT	+0.0100%	4h	0.009074	−0.231%	$3.5M	$17.1M	75x	as long as short
MEXC PENGU_USDT	+0.0100%	4h	0.009079	−0.176%	$11.4M	$12.8M	125x	as long as short
KuCoin PENGUUSDTM	+0.0100%	4h	0.009081	−0.154%	$5.3M	$10.0M	75x	as long as short
Bitget PENGUUSDT	+0.0100%	4h	0.009075	−0.220%	$8.7M	$13.9M	75x	as long as short
BingX PENGU-USDC	+0.0100%	4h	0.009063	−0.352%	—	$2.3M	—	as long as short
Backpack PENGU_USDC_PERP	+0.0100%	1h	0.009056	−0.429%	$311K	$362K	10x	as long as short
Variational Omni PENGU	+0.0100%	4h	0.009074	−0.232%	$925K	$1.1M	—	as long as short
GRVT PENGU_USDT_Perp	+0.0100%	4h	0.009109	+0.152%	$482K	$2.1M	10x	as long as short
ApeX Omni PENGUUSDT	+0.0100%	1h	0.009127	+0.352%	$80K	$251K	50x	as long as short
Orderly PERP_PENGU_USDC	+0.0100%	4h	0.009070	−0.275%	$23K	$209K	20x	as long as short
SunX PENGU-USDT	+0.0100%	4h	0.009294	+2.188%	$2K	$2.2M	10x	as long as short
SoDEX PENGU-USD	+0.0100%	1h	0.009068	−0.297%	$1K	$5K	5x	as long as short
HTX PENGU-USDTlong	+0.0100%	4h	0.009095	long leg	$94K	$404K	25x
Extended PENGU-USD	+0.0104%	1h	0.009070	−0.280%	$188K	$847K	10x	as long as short
Aevo PENGU-PERPshort	+0.0104%	1h	0.009064	−0.341%	$209K	—	3x
Deribit PENGU_USDC-PERPETUAL	+0.0191%	1h	0.009074	−0.231%	$1K	$29K	10x	as long as short
Reya PENGURUSDPERP	+0.0240%	1h	0.009071	−0.261%	$306	—	10x	as long as short
BloFin PENGU-USDT	+0.0340%	4h	0.009067	−0.308%	$1.6M	$4.9M	75x	as long as short
01 Exchange PENGUUSD	+0.0360%	1h	0.009096	+0.011%	$208	$64	5x	as long as short
GMX PENGU/USD [WBTC.b-USDC]	L +0.0444% / S −0.0368%	1h	0.009074	−0.231%	$107K	—	100x	as long as short
Hyperliquid PENGU	+0.0464%	1h	0.009085	−0.110%	$9.3M	$16.1M	5x	as long as short
Kraken Futures PF_PENGUUSD	+0.0672%	1h	0.009074	−0.229%	$332K	$2.5M	50x	as long as short
dYdX PENGU-USD	+0.0829%	1h	0.009062	−0.366%	$12K	$6K	5x	as long as short
Coinbase International PENGU-PERP-INTX	+0.1664%	1h	0.009194	+1.089%	$81K	$69K	50x	as long as short