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: MEXC against SunX−2.093%7-day average −2.731% · you buy dearer than you sell

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

Long on SunX Short on MEXC

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)−0.378%−$38 · spread now −2.093%, 7d avg −2.731%

Together, before fees−0.395%−$39 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: MEXC is 0.638% dearer against SunX than usual: you sell high and buy low, +$64 on $10k if it goes back to its 7-day average of −2.731%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX PENGU-USDT	0.009078	0.0100	pay 0.0050% / 4h	3h 16m	$3K	$2.1M	10x
Short	MEXC PENGU_USDT	0.008888	0.0100	get 0.0050% / 4h	3h 16m	$13.1M	$12.9M	125x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now −2.093%Rate

Funding earned: $0
Price spread: −2.093% → −2.731%: $63.77
Slippage, 4 orders: no order book: not counted
Fee SunX: 4 bp × 2 orders: −$8
Fee MEXC: 0 bp × 2 orders: $0
Net: $55.77
Costs to cover: 0.080%
Break-even: from the start

Slippage unknown: SunX: live order book, 9 min ago; MEXC: live order book, 2 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, 9 min ago	500.57 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell MEXC live order book, 2 min ago	1.13 bp	3.4 bp −$3	15.5 bp −$155	57.9 bp −$5,789	126.3 bp −$63.2K

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	0.008880	−2.185%	$371K	$2.3M	50x	as long as short
Gate PENGU_USDT	−0.0384%	4h	0.008888	−2.093%	$3.5M	$15.8M	75x	as long as short
01 Exchange PENGUUSD	−0.0208%	1h	0.008861	−2.390%	$203	$59	5x	as long as short
Variational Omni PENGU	−0.0171%	4h	0.008882	−2.159%	$913K	$970K	—	as long as short
Deribit PENGU_USDC-PERPETUAL	0.0000%	1h	0.008869	−2.302%	$18K	$10K	10x	as long as short
gTrade (Gains Network) PENGU/USD	L +0.0007% / S −0.0003%	1h	0.008870	−2.296%	$34K	—	150x	as long as short
Injective PENGU/USDC PERP	+0.0033%	1h	0.008789	−3.184%	$3K	$117K	5.5x	as long as short
dYdX PENGU-USD	+0.0076%	1h	0.008861	−2.393%	$12K	$4K	5x	as long as short
Lighter PENGU	+0.0096%	1h	0.008872	−2.269%	$308K	$730K	8x	as long as short
Orderly PERP_PENGU_USDC	+0.0100%	4h	0.008869	−2.302%	$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	0.008867	−2.324%	$702K	$766K	5x	as long as short
Hyperliquid PENGU	+0.0100%	1h	0.008881	−2.170%	$8.3M	$15.3M	5x	as long as short
Aster PENGUUSDT	+0.0100%	4h	0.008884	−2.132%	$190K	$465K	20x	as long as short
Pacifica PENGU	+0.0100%	1h	0.008861	−2.390%	$153K	$240K	5x	as long as short
Binance PENGUUSDT	+0.0100%	4h	0.008890	−2.071%	$37.3M	$155.4M	75x	as long as short
Bybit PENGUUSDT	+0.0100%	4h	0.008886	−2.115%	$23.3M	$37.4M	75x	as long as short
OKX PENGU-USDT-SWAP	+0.0100%	4h	0.008890	−2.071%	$7.7M	$47.9M	50x	as long as short
Arcus PENGU-USD	+0.0100%	1h	0.008870	−2.291%	$20K	$25K	5x	as long as short
MEXC PENGU_USDTshort	+0.0100%	4h	0.008888	−2.093%	$13.1M	$12.9M	125x
KuCoin PENGUUSDTM	+0.0100%	4h	0.008886	−2.115%	$4.7M	$9.0M	75x	as long as short
Bitget PENGUUSDT	+0.0100%	4h	0.008890	−2.071%	$8.4M	$12.7M	75x	as long as short
BingX PENGU-USDC	+0.0100%	4h	0.008877	−2.214%	—	$2.3M	—	as long as short
Backpack PENGU_USDC_PERP	+0.0100%	1h	0.008874	−2.247%	$305K	$323K	10x	as long as short
GRVT PENGU_USDT_Perp	+0.0100%	4h	0.008865	−2.341%	$470K	$2.0M	10x	as long as short
ApeX Omni PENGUUSDT	+0.0100%	1h	0.008887	−2.104%	$81K	$255K	50x	as long as short
SunX PENGU-USDTlong	+0.0100%	4h	0.009078	long leg	$3K	$2.1M	10x
SoDEX PENGU-USD	+0.0100%	1h	0.008867	−2.324%	$1K	$5K	5x	as long as short
HTX PENGU-USDT	+0.0100%	4h	0.008882	−2.159%	$91K	$300K	25x	as long as short
Extended PENGU-USD	+0.0104%	1h	0.008887	−2.109%	$183K	$935K	10x	as long as short
Aevo PENGU-PERP	+0.0104%	1h	0.008859	−2.412%	$205K	—	3x	as long as short
Reya PENGURUSDPERP	+0.0238%	1h	0.008868	−2.315%	$299	—	10x	as long as short
BloFin PENGU-USDT	+0.0340%	4h	0.008882	−2.159%	$1.5M	$2.9M	75x	as long as short
GMX PENGU/USD [WBTC.b-USDC]	L +0.0520% / S −0.0723%	1h	0.008868	−2.313%	$117K	—	100x	as long as short
Coinbase International PENGU-PERP-INTX	+0.1648%	1h	0.008967	−1.223%	$95K	$104K	50x	as long as short