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: KuCoin against SunX−2.304%7-day average −2.685% · you buy dearer than you sell

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

Long on SunX Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.002%$0 on $10k

Price spread, last 4 days (all we have)−0.110%−$11 · spread now −2.304%, 7d avg −2.685%

Together, before fees−0.112%−$11 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: KuCoin is 0.381% dearer against SunX than usual: you sell high and buy low, +$38 on $10k if it goes back to its 7-day average of −2.685%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX PENGU-USDT	0.008983	0.0100	pay 0.0050% / 4h	1h 15m	$3K	$2.0M	10x
Short	KuCoin PENGUUSDTM	0.008776	0.0100	get 0.0050% / 4h	1h 15m	$4.8M	$9.1M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now −2.304%Rate

Funding earned: $0
Price spread: −2.304% → −2.685%: $38.11
Slippage, 4 orders: no order book: not counted
Fee SunX: 4 bp × 2 orders: −$8
Fee KuCoin: 6 bp × 2 orders: −$12
Net: $18.11
Costs to cover: 0.200%
Break-even: from the start

Slippage unknown: SunX: live order book, 1 min ago; KuCoin: live order book, 3 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, 1 min ago	249.92 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell KuCoin live order book, 3 min ago	1.14 bp	29.2 bp −$29	59.4 bp −$594	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
01 Exchange PENGUUSD	−0.0040%	1h	0.008774	−2.327%	$201	$64	5x	as long as short
Deribit PENGU_USDC-PERPETUAL	0.0000%	1h	0.008775	−2.315%	$18K	$10K	10x	as long as short
Gate PENGU_USDT	+0.0002%	4h	0.008771	−2.360%	$3.3M	$15.7M	75x	as long as short
gTrade (Gains Network) PENGU/USD	L +0.0007% / S −0.0003%	1h	0.008776	−2.309%	$32K	—	150x	as long as short
Injective PENGU/USDC PERP	+0.0033%	1h	0.008789	−2.160%	$3K	$117K	5.5x	as long as short
Lighter PENGU	+0.0096%	1h	0.008780	−2.260%	$312K	$712K	8x	as long as short
Orderly PERP_PENGU_USDC	+0.0099%	4h	0.008776	−2.304%	$23K	$165K	20x	as long as short
Nado PENGU-PERP	+0.0100%	1h	0.008769	−2.382%	$588K	$1.0M	5x	as long as short
Hyperliquid PENGU	+0.0100%	1h	0.008777	−2.293%	$8.2M	$14.7M	5x	as long as short
Aster PENGUUSDT	+0.0100%	4h	0.008778	−2.279%	$121K	$579K	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	0.008778	−2.282%	$154K	$243K	5x	as long as short
Binance PENGUUSDT	+0.0100%	4h	0.008770	−2.374%	$36.6M	$160.6M	75x	as long as short
Bybit PENGUUSDT	+0.0100%	4h	0.008766	−2.416%	$23.2M	$38.9M	75x	as long as short
OKX PENGU-USDT-SWAP	+0.0100%	4h	0.008768	−2.393%	$7.3M	$46.6M	50x	as long as short
Arcus PENGU-USD	+0.0100%	1h	0.008780	−2.260%	$19K	$24K	5x	as long as short
MEXC PENGU_USDT	+0.0100%	4h	0.008771	−2.360%	$11.4M	$12.4M	125x	as long as short
KuCoin PENGUUSDTMshort	+0.0100%	4h	0.008776	−2.304%	$4.8M	$9.1M	75x
Bitget PENGUUSDT	+0.0100%	4h	0.008774	−2.327%	$8.3M	$12.4M	75x	as long as short
BingX PENGU-USDT	+0.0100%	4h	0.008772	−2.349%	—	$3.6M	—	as long as short
Backpack PENGU_USDC_PERP	+0.0100%	1h	0.008772	−2.349%	$300K	$293K	10x	as long as short
Variational Omni PENGU	+0.0100%	4h	0.008785	−2.207%	$873K	$985K	—	as long as short
GRVT PENGU_USDT_Perp	+0.0100%	4h	0.008782	−2.239%	$458K	$2.1M	10x	as long as short
ApeX Omni PENGUUSDT	+0.0100%	1h	0.008782	−2.238%	$80K	$243K	50x	as long as short
SunX PENGU-USDTlong	+0.0100%	4h	0.008983	long leg	$3K	$2.0M	10x
SoDEX PENGU-USD	+0.0100%	1h	0.008774	−2.327%	$1K	$5K	5x	as long as short
HTX PENGU-USDT	+0.0100%	4h	0.008793	−2.115%	$92K	$354K	25x	as long as short
Extended PENGU-USD	+0.0104%	1h	0.008768	−2.391%	$185K	$945K	10x	as long as short
Aevo PENGU-PERP	+0.0104%	1h	0.008775	−2.315%	$203K	—	3x	as long as short
dYdX PENGU-USD	+0.0226%	1h	0.008777	−2.292%	$12K	$4K	5x	as long as short
Reya PENGURUSDPERP	+0.0239%	1h	0.008770	−2.375%	$296	—	10x	as long as short
BloFin PENGU-USDT	+0.0340%	4h	0.008773	−2.338%	$1.5M	$3.5M	75x	as long as short
GMX PENGU/USD [WBTC.b-USDC]	L +0.0555% / S −0.0662%	1h	0.008774	−2.327%	$132K	—	100x	as long as short
Kraken Futures PF_PENGUUSD	+0.0648%	1h	0.008784	−2.217%	$353K	$2.3M	50x	as long as short
Coinbase International PENGU-PERP-INTX	+0.2296%	1h	0.008967	−0.178%	$95K	$94K	50x	as long as short