Funding arb · Price arb /

PENGU

all PENGU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 10:00 UTC+0.0220%/8h= +24.1% APRpaid last 24h 0.000%

Price spread now: 01 Exchange against KuCoin+0.011%7-day average — · you sell dearer than you buy

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

Long on KuCoin Short on 01 Exchange

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs 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: +$7 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin PENGUUSDTM	0.009098	0.0100	pay 0.0050% / 4h	2h 20m	$5.1M	$10.7M	75x
Short	01 Exchange PENGUUSD	0.009099	0.0320	get 0.0040% / 1h	20m 25s	$208	$141	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

01 Exchange 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 01 ExchangebpOrdersPrice spread, now +0.011%Rate

Funding earned: $46.2
Price spread: +0.011% → 0.000%: $1.1
Slippage, 4 orders: no order book: not counted
Fee KuCoin: 6 bp × 2 orders: −$12
Fee 01 Exchange: 3.5 bp × 2 orders: −$7
Net: $28.3
Costs to cover: 0.190%
Break-even: 2.7 days

Slippage unknown: KuCoin: live order book, 1 min ago; 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

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy KuCoin live order book, 1 min ago	1.65 bp	31.2 bp −$31	69.5 bp −$695	doesn't fit	doesn't fit
Sell 01 Exchange no order-book sample	—	—	—	—	—

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 exchanges

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
Deribit PENGU_USDC-PERPETUAL	0.0000%	1h	0.009098	0.000%	$1K	$28K	10x	as long as short
gTrade (Gains Network) PENGU/USD	L +0.0007% / S −0.0003%	1h	0.009099	+0.012%	$33K	—	150x	as long as short
Injective PENGU/USDC PERP	+0.0033%	1h	0.008789	−3.396%	$3K	$117K	5.5x	as long as short
Lighter PENGU	+0.0096%	1h	0.009102	+0.044%	$326K	$711K	8x	as long as short
Gate PENGU_USDT	+0.0098%	4h	0.009095	−0.033%	$3.8M	$17.9M	75x	as long as short
Nado PENGU-PERP	+0.0100%	1h	0.009095	−0.027%	$649K	$1.1M	5x	as long as short
Aster PENGUUSDT	+0.0100%	4h	0.009104	+0.068%	$139K	$791K	20x	as long as short
Pacifica PENGU	+0.0100%	1h	0.009095	−0.033%	$137K	$237K	5x	as long as short
Binance PENGUUSDT	+0.0100%	4h	0.009099	+0.011%	$40.0M	$196.5M	75x	as long as short
Bybit PENGUUSDT	+0.0100%	4h	0.009089	−0.099%	$24.7M	$47.5M	75x	as long as short

Show all 34 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX PENGU-USDT-SWAP	+0.0100%	4h	0.009094	−0.044%	$8.3M	$57.9M	50x	as long as short
Arcus PENGU-USD	+0.0100%	1h	0.009100	+0.022%	$18K	$26K	5x	as long as short
MEXC PENGU_USDT	+0.0100%	4h	0.009099	+0.011%	$12.1M	$12.9M	125x	as long as short
KuCoin PENGUUSDTMlong	+0.0100%	4h	0.009098	long leg	$5.1M	$10.7M	75x
Bitget PENGUUSDT	+0.0100%	4h	0.009100	+0.022%	$8.8M	$14.8M	75x	as long as short
BingX PENGU-USDT	+0.0100%	4h	0.009096	−0.022%	—	$3.7M	—	as long as short
Backpack PENGU_USDC_PERP	+0.0100%	1h	0.009095	−0.033%	$304K	$371K	10x	as long as short
Variational Omni PENGU	+0.0100%	4h	0.009089	−0.103%	$917K	$1.2M	—	as long as short
GRVT PENGU_USDT_Perp	+0.0100%	4h	0.009105	+0.077%	$481K	$2.1M	10x	as long as short
ApeX Omni PENGUUSDT	+0.0100%	1h	0.009121	+0.253%	$80K	$252K	50x	as long as short
Orderly PERP_PENGU_USDC	+0.0100%	4h	0.009097	−0.011%	$23K	$359K	20x	as long as short
SunX PENGU-USDT	+0.0100%	4h	0.009319	+2.429%	$2K	$2.1M	10x	as long as short
SoDEX PENGU-USD	+0.0100%	1h	0.009097	−0.011%	$1K	$5K	5x	as long as short
HTX PENGU-USDT	+0.0100%	4h	0.009129	+0.341%	$94K	$424K	25x	as long as short
Extended PENGU-USD	+0.0104%	1h	0.009088	−0.107%	$187K	$743K	10x	as long as short
Aevo PENGU-PERP	+0.0104%	1h	0.009097	−0.011%	$210K	—	3x	as long as short
Kraken Futures PF_PENGUUSD	+0.0214%	1h	0.009103	+0.055%	$333K	$2.7M	50x	as long as short
Reya PENGURUSDPERP	+0.0241%	1h	0.009095	−0.036%	$307	—	10x	as long as short
01 Exchange PENGUUSDshort	+0.0320%	1h	0.009099	+0.011%	$208	$141	5x
BloFin PENGU-USDT	+0.0340%	4h	0.009118	+0.220%	$1.6M	$5.3M	75x	as long as short
Hyperliquid PENGU	+0.0354%	1h	0.009108	+0.110%	$9.8M	$17.0M	5x	as long as short
GMX PENGU/USD [WBTC.b-USDC]	L +0.0434% / S −0.0357%	1h	0.009094	−0.044%	$105K	—	100x	as long as short
dYdX PENGU-USD	+0.1138%	1h	0.009095	−0.032%	$22K	$18K	5x	as long as short
Coinbase International PENGU-PERP-INTX	+0.2288%	1h	0.009118	+0.220%	$83K	$95K	50x	as long as short