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: HTX against SunX−2.227%7-day average −2.376% · you buy dearer than you sell

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

Long on SunX Short on HTX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.215%+$21 on $10k

Price spread, last 3 days (all we have)+0.066%+$7 · spread now −2.227%, 7d avg −2.376%

Together, before fees+0.280%+$28 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: HTX is 0.148% dearer against SunX than usual: you sell high and buy low, +$15 on $10k if it goes back to its 7-day average of −2.376%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX PENGU-USDT	0.009069	0.0100	pay 0.0050% / 4h	2h 50m	$2K	$2.1M	10x
Short	HTX PENGU-USDT	0.008867	0.0100	get 0.0050% / 4h	2h 50m	$94K	$317K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX 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 HTXbpOrdersPrice spread, now −2.227%Rate

Funding earned: $0
Price spread: −2.227% → −2.376%: $14.81
Slippage, 4 orders: no order book: not counted
Fee SunX: 4 bp × 2 orders: −$8
Fee HTX: 6 bp × 2 orders: −$12
Net: −$5.19
Costs to cover: 0.200%
Break-even: never at this rate

Slippage unknown: SunX: live order book, 6 min ago; HTX: live order book, 17 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	253.40 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell HTX live order book, 17 min ago	10.05 bp	25.9 bp −$26	doesn't fit	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
ApeX Omni PENGUUSDT	−0.0499%	1h	0.008806	−2.900%	$80K	$249K	50x	as long as short
Nado PENGU-PERP	−0.0206%	1h	0.008848	−2.431%	$517K	$905K	5x	as long as short
Variational Omni PENGU	−0.0083%	4h	0.008816	−2.788%	$873K	$1.0M	—	as long as short
Gate PENGU_USDT	−0.0078%	4h	0.008848	−2.437%	$3.4M	$15.3M	75x	as long as short
Deribit PENGU_USDC-PERPETUAL	0.0000%	1h	0.008855	−2.360%	$18K	$10K	10x	as long as short
gTrade (Gains Network) PENGU/USD	L +0.0007% / S −0.0003%	1h	0.008849	−2.427%	$34K	—	150x	as long as short
Injective PENGU/USDC PERP	+0.0033%	1h	0.008789	−3.087%	$3K	$117K	5.5x	as long as short
01 Exchange PENGUUSD	+0.0048%	1h	0.008857	−2.338%	$203	$64	5x	as long as short
Lighter PENGU	+0.0096%	1h	0.008854	−2.371%	$307K	$698K	8x	as long as short
Orderly PERP_PENGU_USDC	+0.0097%	4h	0.008853	−2.382%	$19K	$179K	20x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hyperliquid PENGU	+0.0100%	1h	0.008856	−2.349%	$8.3M	$15.0M	5x	as long as short
Aster PENGUUSDT	+0.0100%	4h	0.008853	−2.381%	$170K	$442K	20x	as long as short
Pacifica PENGU	+0.0100%	1h	0.008848	−2.437%	$153K	$240K	5x	as long as short
Binance PENGUUSDT	+0.0100%	4h	0.008850	−2.411%	$37.5M	$156.8M	75x	as long as short
Bybit PENGUUSDT	+0.0100%	4h	0.008846	−2.459%	$23.0M	$37.9M	75x	as long as short
OKX PENGU-USDT-SWAP	+0.0100%	4h	0.008849	−2.426%	$7.6M	$47.8M	50x	as long as short
Arcus PENGU-USD	+0.0100%	1h	0.008850	−2.415%	$19K	$24K	5x	as long as short
MEXC PENGU_USDT	+0.0100%	4h	0.008852	−2.393%	$12.4M	$12.8M	125x	as long as short
KuCoin PENGUUSDTM	+0.0100%	4h	0.008856	−2.349%	$4.7M	$9.0M	75x	as long as short
Bitget PENGUUSDT	+0.0100%	4h	0.008855	−2.360%	$8.4M	$12.6M	75x	as long as short
BingX PENGU-USDC	+0.0100%	4h	0.008847	−2.448%	—	$2.3M	—	as long as short
Backpack PENGU_USDC_PERP	+0.0100%	1h	0.008854	−2.371%	$303K	$323K	10x	as long as short
GRVT PENGU_USDT_Perp	+0.0100%	4h	0.008818	−2.769%	$467K	$2.0M	10x	as long as short
SunX PENGU-USDTlong	+0.0100%	4h	0.009069	long leg	$2K	$2.1M	10x
SoDEX PENGU-USD	+0.0100%	1h	0.008857	−2.338%	$1K	$5K	5x	as long as short
HTX PENGU-USDTshort	+0.0100%	4h	0.008867	−2.227%	$94K	$317K	25x
Extended PENGU-USD	+0.0104%	1h	0.008856	−2.354%	$182K	$940K	10x	as long as short
Aevo PENGU-PERP	+0.0104%	1h	0.008855	−2.360%	$205K	—	3x	as long as short
dYdX PENGU-USD	+0.0106%	1h	0.008843	−2.495%	$12K	$4K	5x	as long as short
Kraken Futures PF_PENGUUSD	+0.0209%	1h	0.008864	−2.256%	$366K	$2.3M	50x	as long as short
Reya PENGURUSDPERP	+0.0238%	1h	0.008850	−2.411%	$299	—	10x	as long as short
BloFin PENGU-USDT	+0.0340%	4h	0.008826	−2.679%	$1.5M	$3.2M	75x	as long as short
GMX PENGU/USD [WBTC.b-USDC]	L +0.0499% / S −0.0675%	1h	0.008848	−2.437%	$111K	—	100x	as long as short
Coinbase International PENGU-PERP-INTX	+0.1352%	1h	0.008967	−1.125%	$95K	$104K	50x	as long as short