Funding arb · Price arb /

PENGU

all PENGU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: SunX against HTX+2.469%7-day average +2.359% · you sell dearer than you buy

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

Long on HTX Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.215%−$21 on $10k

Price spread, last 4 days (all we have)−0.318%−$32 · spread now +2.469%, 7d avg +2.359%

Together, before fees−0.533%−$53 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: SunX is 0.110% dearer against HTX than usual: you sell high and buy low, +$11 on $10k if it goes back to its 7-day average of +2.359%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX PENGU-USDT	0.008991	0.0100	pay 0.0050% / 4h	3h 31m	$93K	$379K	25x
Short	SunX PENGU-USDT	0.009213	0.0100	get 0.0050% / 4h	3h 31m	$2K	$2.1M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now +2.469%Rate

Funding earned: $0
Price spread: +2.469% → +2.359%: $11.01
Slippage, 4 orders: no order book: not counted
Fee HTX: 6 bp × 2 orders: −$12
Fee SunX: 4 bp × 2 orders: −$8
Net: −$8.99
Costs to cover: 0.200%
Break-even: never at this rate

Slippage unknown: HTX: live order book, 21 min ago; SunX: live order book, 4 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 HTX live order book, 21 min ago	8.81 bp	15.5 bp −$16	doesn't fit	doesn't fit	doesn't fit
Sell SunX live order book, 4 min ago	249.65 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
Gate PENGU_USDT	−0.0030%	4h	0.008977	−0.156%	$3.4M	$16.4M	75x	as long as short
Deribit PENGU_USDC-PERPETUAL	0.0000%	1h	0.008995	+0.044%	$19K	$10K	10x	as long as short
gTrade (Gains Network) PENGU/USD	L +0.0007% / S −0.0003%	1h	0.008995	+0.047%	$33K	—	150x	as long as short
Injective PENGU/USDC PERP	+0.0033%	1h	0.008789	−2.247%	$3K	$117K	5.5x	as long as short
dYdX PENGU-USD	+0.0041%	1h	0.008959	−0.352%	$12K	$5K	5x	as long as short
01 Exchange PENGUUSD	+0.0080%	1h	0.008992	+0.011%	$206	$64	5x	as long as short
Lighter PENGU	+0.0096%	1h	0.008993	+0.022%	$327K	$751K	8x	as long as short
Nado PENGU-PERP	+0.0100%	1h	0.008993	+0.028%	$603K	$1.0M	5x	as long as short
Hyperliquid PENGU	+0.0100%	1h	0.008989	−0.022%	$8.5M	$14.8M	5x	as long as short
Aster PENGUUSDT	+0.0100%	4h	0.008986	−0.056%	$139K	$640K	20x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica PENGU	+0.0100%	1h	0.008967	−0.267%	$137K	$272K	5x	as long as short
Binance PENGUUSDT	+0.0100%	4h	0.008983	−0.086%	$38.5M	$171.5M	75x	as long as short
Bybit PENGUUSDT	+0.0100%	4h	0.008978	−0.145%	$23.9M	$40.9M	75x	as long as short
OKX PENGU-USDT-SWAP	+0.0100%	4h	0.008979	−0.133%	$7.8M	$50.3M	50x	as long as short
Arcus PENGU-USD	+0.0100%	1h	0.008980	−0.122%	$19K	$25K	5x	as long as short
MEXC PENGU_USDT	+0.0100%	4h	0.008979	−0.133%	$11.1M	$12.6M	125x	as long as short
KuCoin PENGUUSDTM	+0.0100%	4h	0.008977	−0.156%	$5.0M	$9.4M	75x	as long as short
Bitget PENGUUSDT	+0.0100%	4h	0.008988	−0.033%	$8.8M	$12.9M	75x	as long as short
BingX PENGU-USDC	+0.0100%	4h	0.008972	−0.211%	—	$2.3M	—	as long as short
Backpack PENGU_USDC_PERP	+0.0100%	1h	0.008983	−0.089%	$300K	$327K	10x	as long as short
Variational Omni PENGU	+0.0100%	4h	0.008981	−0.112%	$937K	$1.0M	—	as long as short
GRVT PENGU_USDT_Perp	+0.0100%	4h	0.008984	−0.078%	$468K	$2.1M	10x	as long as short
ApeX Omni PENGUUSDT	+0.0100%	1h	0.009012	+0.234%	$82K	$251K	50x	as long as short
Orderly PERP_PENGU_USDC	+0.0100%	4h	0.008994	+0.033%	$24K	$101K	20x	as long as short
SunX PENGU-USDTshort	+0.0100%	4h	0.009213	+2.469%	$2K	$2.1M	10x
SoDEX PENGU-USD	+0.0100%	1h	0.008988	−0.033%	$1K	$5K	5x	as long as short
HTX PENGU-USDTlong	+0.0100%	4h	0.008991	long leg	$93K	$379K	25x
Extended PENGU-USD	+0.0104%	1h	0.008974	−0.190%	$186K	$939K	10x	as long as short
Aevo PENGU-PERP	+0.0104%	1h	0.008991	0.000%	$208K	—	3x	as long as short
Reya PENGURUSDPERP	+0.0239%	1h	0.008991	−0.002%	$304	—	10x	as long as short
BloFin PENGU-USDT	+0.0340%	4h	0.008962	−0.323%	$1.6M	$4.2M	75x	as long as short
GMX PENGU/USD [WBTC.b-USDC]	L +0.0505% / S −0.0415%	1h	0.008997	+0.067%	$128K	—	100x	as long as short
Kraken Futures PF_PENGUUSD	+0.0608%	1h	0.008995	+0.048%	$352K	$2.4M	50x	as long as short
Coinbase International PENGU-PERP-INTX	+0.2704%	1h	0.009010	+0.211%	$95K	$62K	50x	as long as short