Funding arb · Price arb /

PENGU

all PENGU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: ApeX Omni against MEXC−0.599%7-day average +0.057% · you buy dearer than you sell

Net, funding: paid 7d − costs−$31as in the Funding arb table

Net, price: spread back to 7d avg − costs−$97as in the Price arb table

costs, in and out, $10k−$310.315% of the position

Long on MEXC Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days+0.006%+$1 on $10k

Price spread, last 4 days (all we have)+0.873%+$87 · spread now −0.599%, 7d avg +0.057%

Together, before fees+0.879%+$88 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 0.655% cheaper against MEXC than usual: you would sell low and buy high, −$66 on $10k if it goes back to its 7-day average of +0.057%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC PENGU_USDT	0.009020	0.0100	pay 0.0050% / 4h	3h 55m	$11.0M	$12.3M	125x
Short	ApeX Omni PENGUUSDT	0.008966	0.0100	get 0.0013% / 1h	55m 26s	$81K	$242K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against MEXC. 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 MEXCbpFee ApeX OmnibpOrdersPrice spread, now −0.599%Rate

Funding earned: $0
Price spread: −0.599% → +0.057%: −$65.53
Slippage, 4 orders: −$21.46
Fee MEXC: 0 bp × 2 orders: $0
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$96.99
Costs to cover: 0.315%
Break-even: never at this rate

Slippage from MEXC: live order book, 3 min ago; ApeX Omni: live order book, 61 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 MEXC live order book, 3 min ago	0.56 bp	1.9 bp −$2	17.5 bp −$175	58.0 bp −$5,797	114.1 bp −$57.1K
Sell ApeX Omni live order book, 61 min ago	5.14 bp	12.5 bp −$13	101.2 bp −$1,012	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	0.009021	+0.010%	$33K	—	150x	as long as short
Injective PENGU/USDC PERP	+0.0033%	1h	0.008789	−2.561%	$3K	$117K	5.5x	as long as short
dYdX PENGU-USD	+0.0080%	1h	0.008989	−0.347%	$12K	$5K	5x	as long as short
Deribit PENGU_USDC-PERPETUAL	+0.0083%	1h	0.009004	−0.177%	$19K	$10K	10x	as long as short
01 Exchange PENGUUSD	+0.0088%	1h	0.009021	+0.011%	$206	$64	5x	as long as short
Lighter PENGU	+0.0096%	1h	0.009001	−0.211%	$320K	$718K	8x	as long as short
Nado PENGU-PERP	+0.0100%	1h	0.009018	−0.022%	$606K	$1.0M	5x	as long as short
Hyperliquid PENGU	+0.0100%	1h	0.009024	+0.044%	$8.4M	$14.7M	5x	as long as short
Aster PENGUUSDT	+0.0100%	4h	0.009005	−0.168%	$129K	$596K	20x	as long as short
Pacifica PENGU	+0.0100%	1h	0.008992	−0.310%	$158K	$243K	5x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance PENGUUSDT	+0.0100%	4h	0.009025	+0.055%	$38.5M	$167.5M	75x	as long as short
Bybit PENGUUSDT	+0.0100%	4h	0.009022	+0.022%	$23.9M	$40.1M	75x	as long as short
OKX PENGU-USDT-SWAP	+0.0100%	4h	0.009022	+0.022%	$7.7M	$49.3M	50x	as long as short
Arcus PENGU-USD	+0.0100%	1h	0.009010	−0.111%	$19K	$24K	5x	as long as short
Gate PENGU_USDT	+0.0100%	4h	0.009019	−0.011%	$3.4M	$15.9M	75x	as long as short
MEXC PENGU_USDTlong	+0.0100%	4h	0.009020	long leg	$11.0M	$12.3M	125x
KuCoin PENGUUSDTM	+0.0100%	4h	0.009020	0.000%	$4.9M	$9.3M	75x	as long as short
Bitget PENGUUSDT	+0.0100%	4h	0.009029	+0.100%	$8.8M	$12.7M	75x	as long as short
BingX PENGU-USDT	+0.0100%	4h	0.009024	+0.044%	—	$3.5M	—	as long as short
Backpack PENGU_USDC_PERP	+0.0100%	1h	0.008999	−0.233%	$301K	$330K	10x	as long as short
Variational Omni PENGU	+0.0100%	4h	0.008998	−0.245%	$934K	$1.0M	—	as long as short
GRVT PENGU_USDT_Perp	+0.0100%	4h	0.008963	−0.626%	$478K	$2.1M	10x	as long as short
ApeX Omni PENGUUSDTshort	+0.0100%	1h	0.008966	−0.599%	$81K	$242K	50x
Orderly PERP_PENGU_USDC	+0.0100%	4h	0.009023	+0.033%	$24K	$85K	20x	as long as short
SunX PENGU-USDT	+0.0100%	4h	0.009225	+2.273%	$2K	$2.1M	10x	as long as short
SoDEX PENGU-USD	+0.0100%	1h	0.009001	−0.211%	$1K	$5K	5x	as long as short
HTX PENGU-USDT	+0.0100%	4h	0.009008	−0.133%	$93K	$377K	25x	as long as short
Extended PENGU-USD	+0.0104%	1h	0.009004	−0.177%	$185K	$943K	10x	as long as short
Aevo PENGU-PERP	+0.0104%	1h	0.009022	+0.022%	$208K	—	3x	as long as short
Reya PENGURUSDPERP	+0.0239%	1h	0.009018	−0.020%	$305	—	10x	as long as short
BloFin PENGU-USDT	+0.0340%	4h	0.008980	−0.443%	$1.5M	$4.0M	75x	as long as short
GMX PENGU/USD [WBTC.b-USDC]	L +0.0514% / S −0.0477%	1h	0.009024	+0.044%	$127K	—	100x	as long as short
Kraken Futures PF_PENGUUSD	+0.0607%	1h	0.009016	−0.046%	$352K	$2.4M	50x	as long as short
Coinbase International PENGU-PERP-INTX	+0.2704%	1h	0.009069	+0.543%	$96K	$61K	50x	as long as short