Funding arb · Price arb /

PENGU

all PENGU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h +0.001%

Price spread now: Extended against SunX−2.179%7-day average −2.758% · you buy dearer than you sell

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

Long on SunX Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days−0.014%−$1 on $10k

Price spread, last 4 days (all we have)−0.278%−$28 · spread now −2.179%, 7d avg −2.758%

Together, before fees−0.292%+ Points / potential airdropExtended: Active · farm board−$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: Extended is 0.579% dearer against SunX than usual: you sell high and buy low, +$58 on $10k if it goes back to its 7-day average of −2.758%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX PENGU-USDT	0.008928	0.0100	pay 0.0050% / 4h	1h 43m	$2K	$2.0M	10x
Short	Extended PENGU-USD	0.008733	0.0104	get 0.0013% / 1h	43m 42s	$182K	$941K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended 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 ExtendedbpOrdersPrice spread, now −2.179%Rate

Funding earned: $0.84
Price spread: −2.179% → −2.758%: $57.88
Slippage, 4 orders: no order book: not counted
Fee SunX: 4 bp × 2 orders: −$8
Fee Extended: 2.5 bp × 2 orders: −$5
Net: $45.72
Costs to cover: 0.130%
Break-even: from the start

Slippage unknown: SunX: live order book, 2 min ago; Extended: live order book, 19 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, 2 min ago	254.25 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell Extended live order book, 19 min ago	1.70 bp	10.9 bp −$11	98.9 bp −$989	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
Deribit PENGU_USDC-PERPETUAL	−0.0094%	1h	0.008728	−2.240%	$18K	$10K	10x	as long as short
01 Exchange PENGUUSD	−0.0008%	1h	0.008713	−2.408%	$199	$64	5x	as long as short
gTrade (Gains Network) PENGU/USD	L +0.0007% / S −0.0003%	1h	0.008723	−2.297%	$32K	—	150x	as long as short
Gate PENGU_USDT	+0.0018%	4h	0.008736	−2.151%	$3.4M	$15.6M	75x	as long as short
Injective PENGU/USDC PERP	+0.0033%	1h	0.008789	−1.557%	$3K	$117K	5.5x	as long as short
Lighter PENGU	+0.0096%	1h	0.008745	−2.050%	$311K	$709K	8x	as long as short
Orderly PERP_PENGU_USDC	+0.0099%	4h	0.008725	−2.274%	$23K	$165K	20x	as long as short
Nado PENGU-PERP	+0.0100%	1h	0.008717	−2.358%	$587K	$1.0M	5x	as long as short
Hyperliquid PENGU	+0.0100%	1h	0.008740	−2.106%	$8.1M	$14.6M	5x	as long as short
Aster PENGUUSDT	+0.0100%	4h	0.008738	−2.126%	$131K	$574K	20x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica PENGU	+0.0100%	1h	0.008743	−2.072%	$154K	$243K	5x	as long as short
Binance PENGUUSDT	+0.0100%	4h	0.008744	−2.056%	$36.7M	$159.4M	75x	as long as short
Bybit PENGUUSDT	+0.0100%	4h	0.008740	−2.106%	$23.3M	$38.6M	75x	as long as short
OKX PENGU-USDT-SWAP	+0.0100%	4h	0.008744	−2.061%	$7.5M	$46.3M	50x	as long as short
Arcus PENGU-USD	+0.0100%	1h	0.008740	−2.106%	$19K	$24K	5x	as long as short
MEXC PENGU_USDT	+0.0100%	4h	0.008743	−2.072%	$11.6M	$12.3M	125x	as long as short
KuCoin PENGUUSDTM	+0.0100%	4h	0.008741	−2.095%	$4.8M	$9.1M	75x	as long as short
Bitget PENGUUSDT	+0.0100%	4h	0.008745	−2.050%	$8.2M	$12.4M	75x	as long as short
BingX PENGU-USDC	+0.0100%	4h	0.008733	−2.184%	—	$2.3M	—	as long as short
Backpack PENGU_USDC_PERP	+0.0100%	1h	0.008727	−2.251%	$299K	$275K	10x	as long as short
Variational Omni PENGU	+0.0100%	4h	0.008701	−2.543%	$863K	$986K	—	as long as short
GRVT PENGU_USDT_Perp	+0.0100%	4h	0.008688	−2.685%	$455K	$2.0M	10x	as long as short
ApeX Omni PENGUUSDT	+0.0100%	1h	0.008708	−2.464%	$79K	$243K	50x	as long as short
SunX PENGU-USDTlong	+0.0100%	4h	0.008928	long leg	$2K	$2.0M	10x
SoDEX PENGU-USD	+0.0100%	1h	0.008725	−2.274%	$1K	$5K	5x	as long as short
HTX PENGU-USDT	+0.0100%	4h	0.008743	−2.072%	$91K	$348K	25x	as long as short
Extended PENGU-USDshort	+0.0104%	1h	0.008733	−2.179%	$182K	$941K	10x
Aevo PENGU-PERP	+0.0104%	1h	0.008721	−2.319%	$201K	—	3x	as long as short
dYdX PENGU-USD	+0.0210%	1h	0.008745	−2.047%	$12K	$4K	5x	as long as short
Reya PENGURUSDPERP	+0.0239%	1h	0.008721	−2.316%	$294	—	10x	as long as short
BloFin PENGU-USDT	+0.0340%	4h	0.008710	−2.442%	$1.5M	$3.3M	75x	as long as short
GMX PENGU/USD [WBTC.b-USDC]	L +0.0510% / S −0.0582%	1h	0.008723	−2.296%	$119K	—	100x	as long as short
Kraken Futures PF_PENGUUSD	+0.0652%	1h	0.008730	−2.213%	$357K	$2.3M	50x	as long as short
Coinbase International PENGU-PERP-INTX	+0.2296%	1h	0.008967	+0.437%	$95K	$94K	50x	as long as short