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: Aster against Pacifica+0.027%7-day average +0.018% · you sell dearer than you buy

Net, funding: paid 7d − costs−$52as in the Funding arb table

Net, price: spread back to 7d avg − costs−$51as in the Price arb table

costs, in and out, $10k−$520.516% of the position

Long on Pacifica Short on Aster

What this pair did over the last

the charts below follow

Funding, last 7 days−0.004%$0 on $10k

Price spread, last 4 days (all we have)−0.052%−$5 · spread now +0.027%, 7d avg +0.018%

Together, before fees−0.056%+ Points / potential airdropPacifica: Active · Aster: Stage 5 · farm board−$6 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Pacifica PENGU	0.008969	0.0100	pay 0.0013% / 1h	34m 23s	$137K	$272K	5x
Short	Aster PENGUUSDT	0.008971	0.0100	get 0.0050% / 4h	3h 34m	$138K	$640K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Pacifica. 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 PacificabpFee AsterbpOrdersPrice spread, now +0.027%Rate

Funding earned: $0
Price spread: +0.027% → +0.018%: $0.88
Slippage, 4 orders: −$35.63
Fee Pacifica: 4 bp × 2 orders: −$8
Fee Aster: 4 bp × 2 orders: −$8
Net: −$50.75
Costs to cover: 0.516%
Break-even: never at this rate

Slippage from Pacifica: live order book, 19 min ago; Aster: live order book, 18 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 Pacifica live order book, 19 min ago	2.76 bp	19.0 bp −$19	doesn't fit	doesn't fit	doesn't fit
Sell Aster live order book, 18 min ago	4.95 bp	10.4 bp −$10	66.3 bp −$663	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	−0.0068%	4h	0.008956	−0.145%	$3.4M	$16.4M	75x	as long as short
Deribit PENGU_USDC-PERPETUAL	0.0000%	1h	0.008955	−0.156%	$19K	$10K	10x	as long as short
gTrade (Gains Network) PENGU/USD	L +0.0007% / S −0.0003%	1h	0.008963	−0.071%	$33K	—	150x	as long as short
Injective PENGU/USDC PERP	+0.0033%	1h	0.008789	−2.007%	$3K	$117K	5.5x	as long as short
dYdX PENGU-USD	+0.0040%	1h	0.008971	+0.024%	$12K	$5K	5x	as long as short
01 Exchange PENGUUSD	+0.0088%	1h	0.008972	+0.033%	$205	$64	5x	as long as short
Lighter PENGU	+0.0096%	1h	0.008984	+0.167%	$327K	$751K	8x	as long as short
Nado PENGU-PERP	+0.0100%	1h	0.008966	−0.033%	$601K	$1.0M	5x	as long as short
Hyperliquid PENGU	+0.0100%	1h	0.008970	+0.011%	$8.4M	$14.8M	5x	as long as short
Aster PENGUUSDTshort	+0.0100%	4h	0.008971	+0.027%	$138K	$640K	20x

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica PENGUlong	+0.0100%	1h	0.008969	long leg	$137K	$272K	5x
Binance PENGUUSDT	+0.0100%	4h	0.008961	−0.089%	$38.4M	$171.4M	75x	as long as short
Bybit PENGUUSDT	+0.0100%	4h	0.008949	−0.223%	$23.9M	$40.9M	75x	as long as short
OKX PENGU-USDT-SWAP	+0.0100%	4h	0.008952	−0.190%	$7.9M	$50.0M	50x	as long as short
Arcus PENGU-USD	+0.0100%	1h	0.008970	+0.011%	$19K	$25K	5x	as long as short
MEXC PENGU_USDT	+0.0100%	4h	0.008963	−0.067%	$11.1M	$12.6M	125x	as long as short
KuCoin PENGUUSDTM	+0.0100%	4h	0.008965	−0.045%	$5.0M	$9.4M	75x	as long as short
Bitget PENGUUSDT	+0.0100%	4h	0.008961	−0.089%	$8.7M	$12.9M	75x	as long as short
BingX PENGU-USDC	+0.0100%	4h	0.008951	−0.201%	—	$2.3M	—	as long as short
Backpack PENGU_USDC_PERP	+0.0100%	1h	0.008980	+0.123%	$300K	$328K	10x	as long as short
Variational Omni PENGU	+0.0100%	4h	0.008981	+0.133%	$937K	$1.0M	—	as long as short
GRVT PENGU_USDT_Perp	+0.0100%	4h	0.008975	+0.069%	$468K	$2.1M	10x	as long as short
ApeX Omni PENGUUSDT	+0.0100%	1h	0.009012	+0.479%	$82K	$251K	50x	as long as short
Orderly PERP_PENGU_USDC	+0.0100%	4h	0.008956	−0.145%	$24K	$96K	20x	as long as short
SunX PENGU-USDT	+0.0100%	4h	0.009175	+2.297%	$3K	$2.1M	10x	as long as short
SoDEX PENGU-USD	+0.0100%	1h	0.008983	+0.156%	$1K	$5K	5x	as long as short
HTX PENGU-USDT	+0.0100%	4h	0.009005	+0.401%	$93K	$379K	25x	as long as short
Extended PENGU-USD	+0.0104%	1h	0.008950	−0.213%	$186K	$939K	10x	as long as short
Aevo PENGU-PERP	+0.0104%	1h	0.008955	−0.156%	$207K	—	3x	as long as short
Reya PENGURUSDPERP	+0.0239%	1h	0.008958	−0.126%	$302	—	10x	as long as short
BloFin PENGU-USDT	+0.0340%	4h	0.008980	+0.123%	$1.6M	$4.2M	75x	as long as short
GMX PENGU/USD [WBTC.b-USDC]	L +0.0504% / S −0.0415%	1h	0.008962	−0.078%	$128K	—	100x	as long as short
Kraken Futures PF_PENGUUSD	+0.0609%	1h	0.008991	+0.241%	$352K	$2.4M	50x	as long as short
Coinbase International PENGU-PERP-INTX	+0.2704%	1h	0.009010	+0.457%	$95K	$62K	50x	as long as short