Funding arb · Price arb /

PENGU

all PENGU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: SunX against KuCoin+2.319%54s7-day average +2.685% · you sell dearer than you buy

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

Long on KuCoin Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.002%$0 on $10k

Price spread, last 4 days (all we have)+0.096%+$10 · spread now +2.319%, 7d avg +2.685%

Together, before fees+0.098%+$10 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 0.367% cheaper against KuCoin than usual: you would sell low and buy high, −$37 on $10k if it goes back to its 7-day average of +2.685%. The two prices were read 54 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin PENGUUSDTM	0.008755	0.0100	pay 0.0050% / 4h	1h 32m	$4.8M	$9.1M	75x
Short	SunX PENGU-USDT	0.008958	0.0100	get 0.0050% / 4h	1h 32m	$2K	$2.0M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX against KuCoin. 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 KuCoinbpFee SunXbpOrdersPrice spread, now +2.319%Rate

Funding earned: $0
Price spread: +2.319% → +2.685%: −$36.67
Slippage, 4 orders: no order book: not counted
Fee KuCoin: 6 bp × 2 orders: −$12
Fee SunX: 4 bp × 2 orders: −$8
Net: −$56.67
Costs to cover: 0.200%
Break-even: never at this rate

Slippage unknown: KuCoin: live order book, 6 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 KuCoin live order book, 6 min ago	1.15 bp	14.4 bp −$14	56.5 bp −$565	doesn't fit	doesn't fit
Sell SunX live order book, 4 min ago	252.43 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
01 Exchange PENGUUSD	−0.0048%	1h	0.008757	+0.023%	$200	$64	5x	as long as short
Gate PENGU_USDT	−0.0022%	4h	0.008751	−0.046%	$3.3M	$15.6M	75x	as long as short
Deribit PENGU_USDC-PERPETUAL	0.0000%	1h	0.008749	−0.069%	$18K	$10K	10x	as long as short
gTrade (Gains Network) PENGU/USD	L +0.0007% / S −0.0003%	1h	0.008752	−0.040%	$32K	—	150x	as long as short
Injective PENGU/USDC PERP	+0.0033%	1h	0.008789	+0.388%	$3K	$117K	5.5x	as long as short
Lighter PENGU	+0.0096%	1h	0.008756	+0.011%	$311K	$709K	8x	as long as short
Orderly PERP_PENGU_USDC	+0.0099%	4h	0.008750	−0.057%	$23K	$166K	20x	as long as short
Nado PENGU-PERP	+0.0100%	1h	0.008749	−0.063%	$587K	$1.0M	5x	as long as short
Hyperliquid PENGU	+0.0100%	1h	0.008754	−0.011%	$8.2M	$14.6M	5x	as long as short
Aster PENGUUSDT	+0.0100%	4h	0.008756	+0.011%	$121K	$577K	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	0.008754	−0.011%	$154K	$243K	5x	as long as short
Binance PENGUUSDT	+0.0100%	4h	0.008755	+0.004%	$36.6M	$160.1M	75x	as long as short
Bybit PENGUUSDT	+0.0100%	4h	0.008750	−0.057%	$23.3M	$38.7M	75x	as long as short
OKX PENGU-USDT-SWAP	+0.0100%	4h	0.008749	−0.069%	$7.5M	$46.3M	50x	as long as short
Arcus PENGU-USD	+0.0100%	1h	0.008760	+0.057%	$19K	$24K	5x	as long as short
MEXC PENGU_USDT	+0.0100%	4h	0.008755	0.000%	$11.5M	$12.4M	125x	as long as short
KuCoin PENGUUSDTMlong	+0.0100%	4h	0.008755	long leg	$4.8M	$9.1M	75x
Bitget PENGUUSDT	+0.0100%	4h	0.008757	+0.023%	$8.3M	$12.4M	75x	as long as short
BingX PENGU-USDC	+0.0100%	4h	0.008752	−0.034%	—	$2.3M	—	as long as short
Backpack PENGU_USDC_PERP	+0.0100%	1h	0.008752	−0.034%	$300K	$275K	10x	as long as short
Variational Omni PENGU	+0.0100%	4h	0.008738	−0.197%	$868K	$985K	—	as long as short
GRVT PENGU_USDT_Perp	+0.0100%	4h	0.008744	−0.127%	$467K	$2.0M	10x	as long as short
ApeX Omni PENGUUSDT	+0.0100%	1h	0.008743	−0.137%	$80K	$243K	50x	as long as short
SunX PENGU-USDTshort	+0.0100%	4h	0.008958	+2.319%	$2K	$2.0M	10x
SoDEX PENGU-USD	+0.0100%	1h	0.008750	−0.057%	$1K	$5K	5x	as long as short
HTX PENGU-USDT	+0.0100%	4h	0.008750	−0.057%	$91K	$349K	25x	as long as short
Extended PENGU-USD	+0.0104%	1h	0.008751	−0.051%	$180K	$944K	10x	as long as short
Aevo PENGU-PERP	+0.0104%	1h	0.008745	−0.114%	$202K	—	3x	as long as short
dYdX PENGU-USD	+0.0212%	1h	0.008747	−0.089%	$12K	$4K	5x	as long as short
Reya PENGURUSDPERP	+0.0239%	1h	0.008751	−0.050%	$295	—	10x	as long as short
BloFin PENGU-USDT	+0.0340%	4h	0.008744	−0.126%	$1.5M	$3.3M	75x	as long as short
GMX PENGU/USD [WBTC.b-USDC]	L +0.0555% / S −0.0662%	1h	0.008751	−0.046%	$131K	—	100x	as long as short
Kraken Futures PF_PENGUUSD	+0.0649%	1h	0.008761	+0.063%	$355K	$2.3M	50x	as long as short
Coinbase International PENGU-PERP-INTX	+0.2296%	1h	0.008967	+2.421%	$95K	$94K	50x	as long as short