Funding arb · Price arb / Crypto
PENGU
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| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 0.01035 | +0.0100 | pay 0.0050% / 4h | 3h 00m | $1.6M | $2.8M | 50x | Long Phemex | |
| SHORT | 0.01036 | +0.0100 | get 0.0013% / 1h | 0m 40s | $89K | $280K | 50x | Short ApeX Omni5% off |
Price gap+0.048%
Funding gap0.0000% /8h
Funding is ≈ 0, so this is a price-spread trade: +$4 on $10k if the gap goes back to its 7d average.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding−$30.0000% /8h now · paid −0.034% over the last 7D
Price+$4spread +0.048% now, avg +0.011% → +0.037% if it goes back
Costs−$1091.088% of $10k · taker + slippage, in and out
Price and funding
1h · loading 5m…Price spread
Prices
Fundingper 8h
P&L
PRICE SPREAD · 7D
Now+0.048%
Average—
Range—
Wider than now—
FUNDING SPREAD · 7D
Average /8h—
Highest—
Lowest—
Paid you—
Where the spread has been, last 7D▾
share of time at each level
Funding on every exchange
/8hPENGU on 35 exchanges
lowest funding firstBefore you open
1 ok · 4 to watch- Watch: Thin at this size39.1 / 15.2 bpAt $10k entering Phemex costs 39.1 bp, fee and slippage, 2.6× ApeX Omni’s.
- Note: Margin at max leverage$200 + $200Phemex 50x, ApeX Omni 50x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
- Watch: Payment intervals differ4h / 1hPayments land at different times. Close right after the slower leg pays.Next 24h at the current rates, on $10k a leg: $0.00Long Phemex: 6 payments, −$3.00; short ApeX Omni: 24 payments, +$3.00.
- OK: Entry gap works for you+0.048% vs +0.011%You short the dearer leg. If the gap goes back to average, the short gains.
- Watch: Short leg is thinner$89K vs $1.6M OIApeX Omni sets your exit cost. Check its book before closing.
- Note: No points program—Neither exchange runs points right now.
- Watch: KYCPhemex Yes · ApeX Omni NoKYC unlocks spot and futures trading; an unverified account cannot withdraw at all.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned−0.0016%/8h × 21 periods−$3.43
Price spread+0.048% → +0.011% (7d avg)+$3.70
Slippage, 4 orderslive order books−$86.83
Fee Phemex bp × 2 orders−$12.00
Fee ApeX Omni bp × 2 orders−$10.00
Net · 7 days · $10k−$108.55
Costs to cover1.088%Break-evennever at this rate
Slippage: Phemex: live order book, 6 min ago; ApeX Omni: live order book, 5 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGPhemex3.4039.1 bp−$39152.5 bp−$1,525doesn’t fitdoesn’t fit
SELL · SHORTApeX Omni7.2715.2 bp−$15100.2 bp−$1,002doesn’t fitdoesn’t fit
Closing costs about the same again.
| 09-30 01:05 | Reya | Listing | PENGURUSDPERP no longer reported ($PENGU) seen by our collector |
| 09-29 21:28 | Kraken Futures | Other | "Bro, I am in a state of absolute abundance. Crypto. Stocks. Earning rewards. Secure. I'm swimming in options. While you're chasing rugs, I am chilling with my premium, strategic portfolio. This is what building wealth looks like. Fix your mindset, bro. Get on Kraken." -PENGU @krakenfx on X ↗ |
| 09-23 09:31 | Phemex | Listing | new market PENGUUSDT ($PENGU) seen by our collector |
| 09-19 12:00 | KuCoin | Other | Altseason 2026 hasn't officially started—CoinMarketCap's Altcoin Season Index sits near 44, well below the 75 threshold, and Bitcoin dominance is still holding around 58%. But a handful of names are already breaking away: HYPE and ZEC are leading on market cap and momentum, LINK and ONDO anchor the RWA/oracle narrative, while UNI, AAVE, XRP, PENGU, PONS, and Binance Life round out the top 10 watchlist. Which 10 altcoins are traders positioning in before the rotation? We break it all down on the KuCoin Blog 👇 @kucoincom on X ↗ |
Reya
Kraken Futures
KuCoin