Funding arb · Price arb /

PENGU

all PENGU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: SunX against Pacifica+2.450%7-day average +2.693% · you sell dearer than you buy

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

Long on Pacifica Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days0.000%$0 on $10k

Price spread, last 4 days (all we have)−0.153%−$15 · spread now +2.450%, 7d avg +2.693%

Together, before fees−0.153%+ Points / potential airdropPacifica: Active · farm board−$15 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 0.243% cheaper against Pacifica than usual: you would sell low and buy high, −$24 on $10k if it goes back to its 7-day average of +2.693%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Pacifica PENGU	0.008776	0.0100	pay 0.0013% / 1h	17m 13s	$154K	$243K	5x
Short	SunX PENGU-USDT	0.008991	0.0100	get 0.0050% / 4h	1h 17m	$3K	$2.0M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now +2.450%Rate

Funding earned: $0
Price spread: +2.450% → +2.693%: −$24.33
Slippage, 4 orders: no order book: not counted
Fee Pacifica: 4 bp × 2 orders: −$8
Fee SunX: 4 bp × 2 orders: −$8
Net: −$40.33
Costs to cover: 0.160%
Break-even: never at this rate

Slippage unknown: Pacifica: live order book, 46 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 Pacifica live order book, 46 min ago	2.27 bp	12.0 bp −$12	doesn't fit	doesn't fit	doesn't fit
Sell SunX live order book, 9 min ago	248.86 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	−0.0040%	1h	0.008772	−0.046%	$201	$64	5x	as long as short
Gate PENGU_USDT	0.0000%	4h	0.008771	−0.057%	$3.3M	$15.7M	75x	as long as short
Deribit PENGU_USDC-PERPETUAL	0.0000%	1h	0.008779	+0.034%	$18K	$10K	10x	as long as short
gTrade (Gains Network) PENGU/USD	L +0.0007% / S −0.0003%	1h	0.008776	−0.002%	$32K	—	150x	as long as short
Injective PENGU/USDC PERP	+0.0033%	1h	0.008789	+0.148%	$3K	$117K	5.5x	as long as short
Lighter PENGU	+0.0096%	1h	0.008784	+0.091%	$313K	$712K	8x	as long as short
Orderly PERP_PENGU_USDC	+0.0099%	4h	0.008779	+0.034%	$23K	$165K	20x	as long as short
Nado PENGU-PERP	+0.0100%	1h	0.008769	−0.085%	$587K	$1.0M	5x	as long as short
Hyperliquid PENGU	+0.0100%	1h	0.008772	−0.046%	$8.2M	$14.7M	5x	as long as short
Aster PENGUUSDT	+0.0100%	4h	0.008774	−0.028%	$121K	$578K	20x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica PENGUlong	+0.0100%	1h	0.008776	long leg	$154K	$243K	5x
Binance PENGUUSDT	+0.0100%	4h	0.008781	+0.057%	$36.7M	$160.5M	75x	as long as short
Bybit PENGUUSDT	+0.0100%	4h	0.008778	+0.023%	$23.3M	$38.9M	75x	as long as short
OKX PENGU-USDT-SWAP	+0.0100%	4h	0.008775	−0.011%	$7.4M	$46.7M	50x	as long as short
Arcus PENGU-USD	+0.0100%	1h	0.008770	−0.068%	$19K	$24K	5x	as long as short
MEXC PENGU_USDT	+0.0100%	4h	0.008771	−0.057%	$11.4M	$12.4M	125x	as long as short
KuCoin PENGUUSDTM	+0.0100%	4h	0.008771	−0.057%	$4.8M	$9.1M	75x	as long as short
Bitget PENGUUSDT	+0.0100%	4h	0.008781	+0.057%	$8.3M	$12.4M	75x	as long as short
BingX PENGU-USDT	+0.0100%	4h	0.008776	0.000%	—	$3.6M	—	as long as short
Backpack PENGU_USDC_PERP	+0.0100%	1h	0.008766	−0.114%	$299K	$293K	10x	as long as short
Variational Omni PENGU	+0.0100%	4h	0.008794	+0.204%	$874K	$985K	—	as long as short
GRVT PENGU_USDT_Perp	+0.0100%	4h	0.008781	+0.057%	$458K	$2.1M	10x	as long as short
ApeX Omni PENGUUSDT	+0.0100%	1h	0.008800	+0.273%	$80K	$243K	50x	as long as short
SunX PENGU-USDTshort	+0.0100%	4h	0.008991	+2.450%	$3K	$2.0M	10x
SoDEX PENGU-USD	+0.0100%	1h	0.008778	+0.023%	$1K	$5K	5x	as long as short
HTX PENGU-USDT	+0.0100%	4h	0.008791	+0.171%	$92K	$354K	25x	as long as short
Extended PENGU-USD	+0.0104%	1h	0.008776	−0.003%	$185K	$945K	10x	as long as short
Aevo PENGU-PERP	+0.0104%	1h	0.008771	−0.057%	$203K	—	3x	as long as short
dYdX PENGU-USD	+0.0219%	1h	0.008774	−0.019%	$12K	$4K	5x	as long as short
Reya PENGURUSDPERP	+0.0239%	1h	0.008767	−0.101%	$296	—	10x	as long as short
BloFin PENGU-USDT	+0.0340%	4h	0.008773	−0.034%	$1.5M	$3.5M	75x	as long as short
GMX PENGU/USD [WBTC.b-USDC]	L +0.0555% / S −0.0662%	1h	0.008776	0.000%	$132K	—	100x	as long as short
Kraken Futures PF_PENGUUSD	+0.0648%	1h	0.008784	+0.096%	$351K	$2.3M	50x	as long as short
Coinbase International PENGU-PERP-INTX	+0.2296%	1h	0.008967	+2.176%	$95K	$94K	50x	as long as short