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: Aster against SunX−2.334%7-day average −2.659% · you buy dearer than you sell

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

Long on SunX 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)−0.069%−$7 · spread now −2.334%, 7d avg −2.659%

Together, before fees−0.073%+ Points / potential airdropAster: Stage 5 · farm board−$7 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: Aster is 0.325% dearer against SunX than usual: you sell high and buy low, +$33 on $10k if it goes back to its 7-day average of −2.659%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX PENGU-USDT	0.009298	0.0100	pay 0.0050% / 4h	2h 00m	$3K	$2.2M	10x
Short	Aster PENGUUSDT	0.009081	0.0100	get 0.0050% / 4h	2h 00m	$121K	$691K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster 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 AsterbpOrdersPrice spread, now −2.334%Rate

Funding earned: $0
Price spread: −2.334% → −2.659%: $32.51
Slippage, 4 orders: no order book: not counted
Fee SunX: 4 bp × 2 orders: −$8
Fee Aster: 4 bp × 2 orders: −$8
Net: $16.51
Costs to cover: 0.160%
Break-even: from the start

Slippage unknown: SunX: live order book, 5 min ago; Aster: live order book, 47 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, 5 min ago	122.44 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell Aster live order book, 47 min ago	4.54 bp	10.4 bp −$10	52.4 bp −$524	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
gTrade (Gains Network) PENGU/USD	L +0.0007% / S −0.0003%	1h	0.009075	−2.396%	$33K	—	150x	as long as short
Injective PENGU/USDC PERP	+0.0033%	1h	0.008789	−5.474%	$3K	$117K	5.5x	as long as short
Lighter PENGU	+0.0096%	1h	0.009089	−2.248%	$334K	$759K	8x	as long as short
Nado PENGU-PERP	+0.0100%	1h	0.009071	−2.439%	$637K	$1.1M	5x	as long as short
Hyperliquid PENGU	+0.0100%	1h	0.009088	−2.259%	$9.4M	$15.8M	5x	as long as short
Aster PENGUUSDTshort	+0.0100%	4h	0.009081	−2.334%	$121K	$691K	20x
Pacifica PENGU	+0.0100%	1h	0.009068	−2.474%	$139K	$285K	5x	as long as short
Binance PENGUUSDT	+0.0100%	4h	0.009078	−2.366%	$39.4M	$184.7M	75x	as long as short
Bybit PENGUUSDT	+0.0100%	4h	0.009071	−2.441%	$24.1M	$43.2M	75x	as long as short
OKX PENGU-USDT-SWAP	+0.0100%	4h	0.009071	−2.441%	$8.0M	$54.0M	50x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Arcus PENGU-USD	+0.0100%	1h	0.009080	−2.345%	$18K	$26K	5x	as long as short
Gate PENGU_USDT	+0.0100%	4h	0.009081	−2.334%	$3.4M	$17.0M	75x	as long as short
MEXC PENGU_USDT	+0.0100%	4h	0.009086	−2.280%	$11.1M	$12.8M	125x	as long as short
KuCoin PENGUUSDTM	+0.0100%	4h	0.009086	−2.280%	$5.3M	$9.9M	75x	as long as short
Bitget PENGUUSDT	+0.0100%	4h	0.009082	−2.323%	$8.7M	$13.8M	75x	as long as short
BingX PENGU-USDT	+0.0100%	4h	0.009074	−2.409%	—	$3.8M	—	as long as short
Backpack PENGU_USDC_PERP	+0.0100%	1h	0.009078	−2.366%	$303K	$371K	10x	as long as short
Variational Omni PENGU	+0.0100%	4h	0.009072	−2.433%	$925K	$1.1M	—	as long as short
GRVT PENGU_USDT_Perp	+0.0100%	4h	0.009075	−2.398%	$480K	$2.1M	10x	as long as short
ApeX Omni PENGUUSDT	+0.0100%	1h	0.009101	−2.119%	$82K	$250K	50x	as long as short
Orderly PERP_PENGU_USDC	+0.0100%	4h	0.009079	−2.355%	$23K	$193K	20x	as long as short
SunX PENGU-USDTlong	+0.0100%	4h	0.009298	long leg	$3K	$2.2M	10x
SoDEX PENGU-USD	+0.0100%	1h	0.009081	−2.334%	$1K	$5K	5x	as long as short
HTX PENGU-USDT	+0.0100%	4h	0.009083	−2.312%	$94K	$401K	25x	as long as short
Extended PENGU-USD	+0.0104%	1h	0.009084	−2.304%	$187K	$841K	10x	as long as short
Aevo PENGU-PERP	+0.0104%	1h	0.009080	−2.345%	$210K	—	3x	as long as short
Reya PENGURUSDPERP	+0.0240%	1h	0.009075	−2.402%	$306	—	10x	as long as short
01 Exchange PENGUUSD	+0.0280%	1h	0.009083	−2.312%	$208	$64	5x	as long as short
dYdX PENGU-USD	+0.0305%	1h	0.009068	−2.476%	$12K	$6K	5x	as long as short
Kraken Futures PF_PENGUUSD	+0.0311%	1h	0.009092	−2.219%	$339K	$2.5M	50x	as long as short
BloFin PENGU-USDT	+0.0340%	4h	0.009085	−2.291%	$1.6M	$4.9M	75x	as long as short
GMX PENGU/USD [WBTC.b-USDC]	L +0.0390% / S −0.0291%	1h	0.009076	−2.388%	$92K	—	100x	as long as short
Deribit PENGU_USDC-PERPETUAL	+0.0521%	1h	0.009088	−2.259%	$1K	$29K	10x	as long as short
Coinbase International PENGU-PERP-INTX	+0.1752%	1h	0.009185	−1.215%	$81K	$80K	50x	as long as short