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 MEXC+2.283%7-day average +2.714% · you sell dearer than you buy

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

Long on MEXC Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.017%+$2 on $10k

Price spread, last 4 days (all we have)+0.222%+$22 · spread now +2.283%, 7d avg +2.714%

Together, before fees+0.239%+$24 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 0.431% cheaper against MEXC than usual: you would sell low and buy high, −$43 on $10k if it goes back to its 7-day average of +2.714%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC PENGU_USDT	0.008980	0.0100	pay 0.0050% / 4h	3h 57m	$10.9M	$12.3M	125x
Short	SunX PENGU-USDT	0.009185	0.0100	get 0.0050% / 4h	3h 57m	$3K	$2.1M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now +2.283%Rate

Funding earned: $0
Price spread: +2.283% → +2.714%: −$43.07
Slippage, 4 orders: no order book: not counted
Fee MEXC: 0 bp × 2 orders: $0
Fee SunX: 4 bp × 2 orders: −$8
Net: −$51.07
Costs to cover: 0.080%
Break-even: never at this rate

Slippage unknown: MEXC: live order book, 1 min ago; SunX: live order book, 9 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 MEXC live order book, 1 min ago	0.56 bp	1.9 bp −$2	17.5 bp −$175	58.0 bp −$5,797	114.1 bp −$57.1K
Sell SunX live order book, 9 min ago	253.81 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
dYdX PENGU-USD	0.0000%	1h	0.008964	−0.181%	$12K	$5K	5x	as long as short
Deribit PENGU_USDC-PERPETUAL	0.0000%	1h	0.008970	−0.111%	$19K	$10K	10x	as long as short
gTrade (Gains Network) PENGU/USD	L +0.0007% / S −0.0003%	1h	0.008968	−0.134%	$33K	—	150x	as long as short
Injective PENGU/USDC PERP	+0.0033%	1h	0.008789	−2.127%	$3K	$117K	5.5x	as long as short
01 Exchange PENGUUSD	+0.0064%	1h	0.008950	−0.334%	$205	$64	5x	as long as short
Lighter PENGU	+0.0096%	1h	0.008971	−0.100%	$319K	$717K	8x	as long as short
Nado PENGU-PERP	+0.0100%	1h	0.008959	−0.234%	$602K	$1.0M	5x	as long as short
Hyperliquid PENGU	+0.0100%	1h	0.008970	−0.111%	$8.4M	$14.7M	5x	as long as short
Aster PENGUUSDT	+0.0100%	4h	0.008972	−0.092%	$129K	$596K	20x	as long as short
Pacifica PENGU	+0.0100%	1h	0.008960	−0.223%	$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	0.008968	−0.138%	$38.3M	$166.9M	75x	as long as short
Bybit PENGUUSDT	+0.0100%	4h	0.008973	−0.078%	$23.8M	$40.0M	75x	as long as short
OKX PENGU-USDT-SWAP	+0.0100%	4h	0.008978	−0.022%	$7.7M	$49.0M	50x	as long as short
Arcus PENGU-USD	+0.0100%	1h	0.008950	−0.334%	$19K	$24K	5x	as long as short
Gate PENGU_USDT	+0.0100%	4h	0.008961	−0.212%	$3.4M	$15.9M	75x	as long as short
MEXC PENGU_USDTlong	+0.0100%	4h	0.008980	long leg	$10.9M	$12.3M	125x
KuCoin PENGUUSDTM	+0.0100%	4h	0.008978	−0.022%	$4.9M	$9.3M	75x	as long as short
Bitget PENGUUSDT	+0.0100%	4h	0.008985	+0.056%	$8.8M	$12.7M	75x	as long as short
BingX PENGU-USDC	+0.0100%	4h	0.008958	−0.245%	—	$2.3M	—	as long as short
Backpack PENGU_USDC_PERP	+0.0100%	1h	0.008963	−0.189%	$300K	$330K	10x	as long as short
Variational Omni PENGU	+0.0100%	4h	0.008928	−0.580%	$931K	$1.0M	—	as long as short
GRVT PENGU_USDT_Perp	+0.0100%	4h	0.008918	−0.695%	$476K	$2.1M	10x	as long as short
ApeX Omni PENGUUSDT	+0.0100%	1h	0.008916	−0.713%	$81K	$242K	50x	as long as short
Orderly PERP_PENGU_USDC	+0.0100%	4h	0.008970	−0.111%	$24K	$86K	20x	as long as short
SunX PENGU-USDTshort	+0.0100%	4h	0.009185	+2.283%	$3K	$2.1M	10x
SoDEX PENGU-USD	+0.0100%	1h	0.008970	−0.111%	$1K	$5K	5x	as long as short
HTX PENGU-USDT	+0.0100%	4h	0.008983	+0.033%	$93K	$377K	25x	as long as short
Extended PENGU-USD	+0.0104%	1h	0.008977	−0.033%	$185K	$943K	10x	as long as short
Aevo PENGU-PERP	+0.0104%	1h	0.008964	−0.178%	$207K	—	3x	as long as short
Reya PENGURUSDPERP	+0.0239%	1h	0.008962	−0.198%	$303	—	10x	as long as short
BloFin PENGU-USDT	+0.0340%	4h	0.008980	0.000%	$1.5M	$4.0M	75x	as long as short
GMX PENGU/USD [WBTC.b-USDC]	L +0.0512% / S −0.0477%	1h	0.008969	−0.122%	$126K	—	100x	as long as short
Kraken Futures PF_PENGUUSD	+0.0610%	1h	0.008978	−0.021%	$351K	$2.4M	50x	as long as short
Coinbase International PENGU-PERP-INTX	+0.2704%	1h	0.008962	−0.200%	$95K	$60K	50x	as long as short