Funding arb · Price arb /

PENGU

all PENGU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: ApeX Omni against HTX−0.272%7-day average −0.251% · you buy dearer than you sell

Net, funding: paid 7d − costs−$225as in the Funding arb table

Net, price: spread back to 7d avg − costs−$205as in the Price arb table

costs, in and out, $10k−$2032.027% of the position

Long on HTX Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days−0.226%−$23 on $10k

Price spread, last 3 days (all we have)−0.045%−$5 · spread now −0.272%, 7d avg −0.251%

Together, before fees−0.271%−$27 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: ApeX Omni is 0.022% cheaper against HTX than usual: you would sell low and buy high, −$2 on $10k if it goes back to its 7-day average of −0.251%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX PENGU-USDT	0.008812	0.0100	pay 0.0050% / 4h	1h 12m	$92K	$249K	25x
Short	ApeX Omni PENGUUSDT	0.008788	0.0100	get 0.0013% / 1h	12m 57s	$80K	$253K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni 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 ApeX OmnibpOrdersPrice spread, now −0.272%Rate

Funding earned: $0
Price spread: −0.272% → −0.251%: −$2.17
Slippage, 4 orders: −$180.66
Fee HTX: 6 bp × 2 orders: −$12
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$204.84
Costs to cover: 2.027%
Break-even: never at this rate

Slippage from HTX: live order book, 4 min ago; ApeX Omni: live order book, 4 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, 4 min ago	13.61 bp	19.6 bp −$20	doesn't fit	doesn't fit	doesn't fit
Sell ApeX Omni live order book, 4 min ago	6.25 bp	13.9 bp −$14	114.6 bp −$1,146	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	−0.0606%	1h	0.008798	−0.159%	$368K	$2.2M	50x	as long as short
Gate PENGU_USDT	−0.0298%	4h	0.008785	−0.306%	$3.4M	$15.6M	75x	as long as short
Deribit PENGU_USDC-PERPETUAL	−0.0205%	1h	0.008790	−0.250%	$19K	$9K	10x	as long as short
Bybit PENGUUSDT	−0.0174%	4h	0.008784	−0.318%	$22.9M	$36.5M	75x	as long as short
01 Exchange PENGUUSD	−0.0104%	1h	0.008782	−0.340%	$201	$59	5x	as long as short
Variational Omni PENGU	−0.0046%	4h	0.008785	−0.302%	$802K	$802K	—	as long as short
gTrade (Gains Network) PENGU/USD	L +0.0007% / S −0.0003%	1h	0.008794	−0.209%	$33K	—	150x	as long as short
Injective PENGU/USDC PERP	+0.0033%	1h	0.008789	−0.261%	$3K	$117K	5.5x	as long as short
Nado PENGU-PERP	+0.0077%	1h	0.008782	−0.340%	$684K	$760K	5x	as long as short
Lighter PENGU	+0.0096%	1h	0.008792	−0.227%	$308K	$736K	8x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hyperliquid PENGU	+0.0100%	1h	0.008794	−0.204%	$8.8M	$15.0M	5x	as long as short
Aster PENGUUSDT	+0.0100%	4h	0.008798	−0.164%	$189K	$467K	20x	as long as short
Pacifica PENGU	+0.0100%	1h	0.008791	−0.238%	$152K	$239K	5x	as long as short
Binance PENGUUSDT	+0.0100%	4h	0.008791	−0.238%	$36.5M	$153.2M	75x	as long as short
OKX PENGU-USDT-SWAP	+0.0100%	4h	0.008790	−0.250%	$7.7M	$47.2M	50x	as long as short
Arcus PENGU-USD	+0.0100%	1h	0.008790	−0.250%	$19K	$24K	5x	as long as short
MEXC PENGU_USDT	+0.0100%	4h	0.008793	−0.216%	$12.7M	$12.8M	125x	as long as short
KuCoin PENGUUSDTM	+0.0100%	4h	0.008791	−0.238%	$4.8M	$8.9M	75x	as long as short
Bitget PENGUUSDT	+0.0100%	4h	0.008795	−0.193%	$8.4M	$12.6M	75x	as long as short
BingX PENGU-USDT	+0.0100%	4h	0.008789	−0.261%	—	$3.9M	—	as long as short
Backpack PENGU_USDC_PERP	+0.0100%	1h	0.008789	−0.261%	$313K	$309K	10x	as long as short
GRVT PENGU_USDT_Perp	+0.0100%	4h	0.008784	−0.318%	$459K	$2.3M	10x	as long as short
ApeX Omni PENGUUSDTshort	+0.0100%	1h	0.008788	−0.272%	$80K	$253K	50x
Orderly PERP_PENGU_USDC	+0.0100%	4h	0.008789	−0.261%	$23K	$186K	20x	as long as short
SunX PENGU-USDT	+0.0100%	4h	0.008997	+2.099%	$3K	$2.1M	10x	as long as short
SoDEX PENGU-USD	+0.0100%	1h	0.008789	−0.261%	$999	$5K	5x	as long as short
HTX PENGU-USDTlong	+0.0100%	4h	0.008812	long leg	$92K	$249K	25x
Extended PENGU-USD	+0.0104%	1h	0.008789	−0.258%	$181K	$682K	10x	as long as short
Aevo PENGU-PERP	+0.0104%	1h	0.008785	−0.306%	$203K	$17K	3x	as long as short
dYdX PENGU-USD	+0.0122%	1h	0.008797	−0.170%	$12K	$4K	5x	as long as short
Reya PENGURUSDPERP	+0.0237%	1h	0.008781	−0.352%	$297	—	10x	as long as short
BloFin PENGU-USDT	+0.0340%	4h	0.008788	−0.272%	$1.5M	$2.8M	75x	as long as short
GMX PENGU/USD [WBTC.b-USDC]	L +0.0511% / S −0.0711%	1h	0.008793	−0.216%	$115K	—	100x	as long as short
Coinbase International PENGU-PERP-INTX	+0.2504%	1h	0.008802	−0.113%	$94K	$104K	50x	as long as short