Funding arb · Price arb /

PENGU

all PENGU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Binance against SunX−2.275%7-day average −2.730% · you buy dearer than you sell

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

Long on SunX Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−0.017%−$2 on $10k

Price spread, last 3 days (all we have)−0.193%−$19 · spread now −2.275%, 7d avg −2.730%

Together, before fees−0.210%−$21 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: Binance is 0.455% dearer against SunX than usual: you sell high and buy low, +$46 on $10k if it goes back to its 7-day average of −2.730%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX PENGU-USDT	0.009095	0.0100	pay 0.0050% / 4h	3h 20m	$3K	$2.1M	10x
Short	Binance PENGUUSDT	0.008888	0.0100	get 0.0050% / 4h	3h 20m	$37.1M	$155.3M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance 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 BinancebpOrdersPrice spread, now −2.275%Rate

Funding earned: $0
Price spread: −2.275% → −2.730%: $45.53
Slippage, 4 orders: no order book: not counted
Fee SunX: 4 bp × 2 orders: −$8
Fee Binance: 5 bp × 2 orders: −$10
Net: $27.53
Costs to cover: 0.180%
Break-even: from the start

Slippage unknown: SunX: live order book, 6 min ago; Binance: live order book, 8 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, 6 min ago	500.57 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell Binance live order book, 8 min ago	0.57 bp	9.4 bp −$9	17.1 bp −$171	58.6 bp −$5,862	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	−0.0389%	1h	0.008895	−2.194%	$371K	$2.3M	50x	as long as short
Gate PENGU_USDT	−0.0298%	4h	0.008886	−2.298%	$3.4M	$15.7M	75x	as long as short
01 Exchange PENGUUSD	−0.0216%	1h	0.008883	−2.331%	$203	$59	5x	as long as short
Variational Omni PENGU	−0.0171%	4h	0.008882	−2.342%	$913K	$970K	—	as long as short
Deribit PENGU_USDC-PERPETUAL	0.0000%	1h	0.008888	−2.276%	$18K	$10K	10x	as long as short
gTrade (Gains Network) PENGU/USD	L +0.0007% / S −0.0003%	1h	0.008890	−2.259%	$34K	—	150x	as long as short
Injective PENGU/USDC PERP	+0.0033%	1h	0.008789	−3.364%	$3K	$117K	5.5x	as long as short
dYdX PENGU-USD	+0.0081%	1h	0.008870	−2.471%	$12K	$4K	5x	as long as short
Lighter PENGU	+0.0096%	1h	0.008894	−2.210%	$309K	$729K	8x	as long as short
Orderly PERP_PENGU_USDC	+0.0100%	4h	0.008890	−2.254%	$24K	$175K	20x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Nado PENGU-PERP	+0.0100%	1h	0.008874	−2.424%	$703K	$767K	5x	as long as short
Hyperliquid PENGU	+0.0100%	1h	0.008891	−2.243%	$8.3M	$15.3M	5x	as long as short
Aster PENGUUSDT	+0.0100%	4h	0.008885	−2.309%	$190K	$465K	20x	as long as short
Pacifica PENGU	+0.0100%	1h	0.008870	−2.474%	$153K	$238K	5x	as long as short
Binance PENGUUSDTshort	+0.0100%	4h	0.008888	−2.275%	$37.1M	$155.3M	75x
Bybit PENGUUSDT	+0.0100%	4h	0.008881	−2.353%	$23.4M	$37.4M	75x	as long as short
OKX PENGU-USDT-SWAP	+0.0100%	4h	0.008882	−2.342%	$7.7M	$47.8M	50x	as long as short
Arcus PENGU-USD	+0.0100%	1h	0.008880	−2.364%	$20K	$25K	5x	as long as short
MEXC PENGU_USDT	+0.0100%	4h	0.008887	−2.287%	$13.2M	$12.9M	125x	as long as short
KuCoin PENGUUSDTM	+0.0100%	4h	0.008887	−2.287%	$4.7M	$9.0M	75x	as long as short
Bitget PENGUUSDT	+0.0100%	4h	0.008893	−2.221%	$8.5M	$12.7M	75x	as long as short
BingX PENGU-USDC	+0.0100%	4h	0.008878	−2.386%	—	$2.3M	—	as long as short
Backpack PENGU_USDC_PERP	+0.0100%	1h	0.008885	−2.309%	$305K	$323K	10x	as long as short
GRVT PENGU_USDT_Perp	+0.0100%	4h	0.008848	−2.719%	$469K	$2.0M	10x	as long as short
ApeX Omni PENGUUSDT	+0.0100%	1h	0.008870	−2.474%	$81K	$255K	50x	as long as short
SunX PENGU-USDTlong	+0.0100%	4h	0.009095	long leg	$3K	$2.1M	10x
SoDEX PENGU-USD	+0.0100%	1h	0.008885	−2.309%	$1K	$5K	5x	as long as short
HTX PENGU-USDT	+0.0100%	4h	0.008898	−2.166%	$91K	$300K	25x	as long as short
Extended PENGU-USD	+0.0104%	1h	0.008884	−2.325%	$183K	$973K	10x	as long as short
Aevo PENGU-PERP	+0.0104%	1h	0.008878	−2.386%	$205K	—	3x	as long as short
Reya PENGURUSDPERP	+0.0238%	1h	0.008874	−2.432%	$300	—	10x	as long as short
BloFin PENGU-USDT	+0.0340%	4h	0.008881	−2.353%	$1.5M	$2.8M	75x	as long as short
GMX PENGU/USD [WBTC.b-USDC]	L +0.0520% / S −0.0723%	1h	0.008887	−2.287%	$117K	—	100x	as long as short
Coinbase International PENGU-PERP-INTX	+0.1648%	1h	0.008967	−1.407%	$95K	$104K	50x	as long as short