Funding arb · Price arb /

PENGU

all PENGU markets

Swap Backtest

Alert: funding

Alert: spread

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

Price spread now: ApeX Omni against SunX−2.265%47s7-day average −2.696% · you buy dearer than you sell

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

Long on SunX Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days−0.011%−$1 on $10k

Price spread, last 3 days (all we have)−0.274%−$27 · spread now −2.265%, 7d avg −2.696%

Together, before fees−0.285%−$29 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 0.431% dearer against SunX than usual: you sell high and buy low, +$43 on $10k if it goes back to its 7-day average of −2.696%. The two prices were read 47 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX PENGU-USDT	0.008961	0.0100	pay 0.0050% / 4h	27m 28s	$2K	$2.1M	10x
Short	ApeX Omni PENGUUSDT	0.008758	0.0100	get 0.0013% / 1h	27m 28s	$80K	$254K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against SunX. 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 SunXbpFee ApeX OmnibpOrdersPrice spread, now −2.265%Rate

Funding earned: $0
Price spread: −2.265% → −2.696%: $43.06
Slippage, 4 orders: no order book: not counted
Fee SunX: 4 bp × 2 orders: −$8
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: $25.06
Costs to cover: 0.180%
Break-even: from the start

Slippage unknown: SunX: live order book, 9 min ago; ApeX Omni: live order book, 49 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 SunX live order book, 9 min ago	252.78 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell ApeX Omni live order book, 49 min ago	6.25 bp	13.9 bp −$14	114.6 bp −$1,146	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
Kraken Futures PF_PENGUUSD	−0.0342%	1h	0.008752	−2.331%	$368K	$2.3M	50x	as long as short
Gate PENGU_USDT	−0.0278%	4h	0.008739	−2.477%	$3.4M	$15.6M	75x	as long as short
Bybit PENGUUSDT	−0.0272%	4h	0.008738	−2.489%	$22.7M	$36.7M	75x	as long as short
01 Exchange PENGUUSD	−0.0240%	1h	0.008744	−2.422%	$200	$59	5x	as long as short
Variational Omni PENGU	−0.0209%	4h	0.008739	−2.472%	$798K	$802K	—	as long as short
Backpack PENGU_USDC_PERP	−0.0133%	1h	0.008748	−2.377%	$312K	$313K	10x	as long as short
Injective PENGU/USDC PERP	−0.0114%	1h	0.008789	−1.919%	$3K	$117K	5.5x	as long as short
Deribit PENGU_USDC-PERPETUAL	0.0000%	1h	0.008749	−2.366%	$19K	$9K	10x	as long as short
Nado PENGU-PERP	0.0000%	1h	0.008744	−2.416%	$694K	$775K	5x	as long as short
gTrade (Gains Network) PENGU/USD	L +0.0007% / S −0.0003%	1h	0.008750	−2.360%	$33K	—	150x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
dYdX PENGU-USD	+0.0028%	1h	0.008750	−2.350%	$12K	$4K	5x	as long as short
GRVT PENGU_USDT_Perp	+0.0094%	4h	0.008745	−2.411%	$458K	$2.1M	10x	as long as short
Lighter PENGU	+0.0096%	1h	0.008741	−2.455%	$306K	$741K	8x	as long as short
Orderly PERP_PENGU_USDC	+0.0100%	4h	0.008750	−2.355%	$23K	$186K	20x	as long as short
Hyperliquid PENGU	+0.0100%	1h	0.008747	−2.388%	$8.4M	$15.3M	5x	as long as short
Aster PENGUUSDT	+0.0100%	4h	0.008748	−2.379%	$188K	$469K	20x	as long as short
Pacifica PENGU	+0.0100%	1h	0.008745	−2.410%	$151K	$239K	5x	as long as short
Binance PENGUUSDT	+0.0100%	4h	0.008742	−2.444%	$36.2M	$154.6M	75x	as long as short
OKX PENGU-USDT-SWAP	+0.0100%	4h	0.008743	−2.433%	$7.5M	$47.0M	50x	as long as short
Arcus PENGU-USD	+0.0100%	1h	0.008740	−2.466%	$19K	$24K	5x	as long as short
MEXC PENGU_USDT	+0.0100%	4h	0.008744	−2.422%	$12.4M	$12.6M	125x	as long as short
KuCoin PENGUUSDTM	+0.0100%	4h	0.008749	−2.366%	$4.7M	$9.0M	75x	as long as short
Bitget PENGUUSDT	+0.0100%	4h	0.008747	−2.388%	$8.3M	$12.6M	75x	as long as short
BingX PENGU-USDT	+0.0100%	4h	0.008742	−2.444%	—	$3.9M	—	as long as short
ApeX Omni PENGUUSDTshort	+0.0100%	1h	0.008758	−2.265%	$80K	$254K	50x
SunX PENGU-USDTlong	+0.0100%	4h	0.008961	long leg	$2K	$2.1M	10x
SoDEX PENGU-USD	+0.0100%	1h	0.008746	−2.399%	$1K	$5K	5x	as long as short
HTX PENGU-USDT	+0.0100%	4h	0.008768	−2.154%	$92K	$249K	25x	as long as short
Extended PENGU-USD	+0.0104%	1h	0.008739	−2.474%	$180K	$622K	10x	as long as short
Aevo PENGU-PERP	+0.0104%	1h	0.008745	−2.410%	$202K	$17K	3x	as long as short
Reya PENGURUSDPERP	+0.0238%	1h	0.008739	−2.482%	$295	—	10x	as long as short
BloFin PENGU-USDT	+0.0340%	4h	0.008750	−2.355%	$1.5M	$2.8M	75x	as long as short
GMX PENGU/USD [WBTC.b-USDC]	L +0.0496% / S −0.0683%	1h	0.008750	−2.355%	$110K	—	100x	as long as short
Coinbase International PENGU-PERP-INTX	+0.2688%	1h	0.008788	−1.931%	$94K	$103K	50x	as long as short