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% APRpaid last 24h 0.000%

Price spread now: Pacifica against SunX−2.398%7-day average −2.693% · you buy dearer than you sell

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

Long on SunX Short on Pacifica

What this pair did over the last

the charts below follow

Funding, last 7 days0.000%$0 on $10k

Price spread, last 4 days (all we have)+0.101%+$10 · spread now −2.398%, 7d avg −2.693%

Together, before fees+0.101%+ Points / potential airdropPacifica: Active · farm board+$10 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: Pacifica is 0.295% dearer against SunX than usual: you sell high and buy low, +$29 on $10k if it goes back to its 7-day average of −2.693%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX PENGU-USDT	0.008964	0.0100	pay 0.0050% / 4h	54m 15s	$3K	$2.0M	10x
Short	Pacifica PENGU	0.008749	0.0100	get 0.0013% / 1h	54m 15s	$154K	$243K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Pacifica against SunX. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 PacificabpOrdersPrice spread, now −2.398%Rate

Funding earned: $0
Price spread: −2.398% → −2.693%: $29.47
Slippage, 4 orders: no order book: not counted
Fee SunX: 4 bp × 2 orders: −$8
Fee Pacifica: 4 bp × 2 orders: −$8
Net: $13.47
Costs to cover: 0.160%
Break-even: from the start

Slippage unknown: SunX: live order book, 2 min ago; Pacifica: live order book, 4 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	250.35 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell Pacifica live order book, 4 min ago	4.02 bp	20.0 bp −$20	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	−0.0359%	1h	0.008737	−2.532%	$80K	$242K	50x	as long as short
Deribit PENGU_USDC-PERPETUAL	0.0000%	1h	0.008735	−2.555%	$18K	$10K	10x	as long as short
gTrade (Gains Network) PENGU/USD	L +0.0007% / S −0.0003%	1h	0.008741	−2.489%	$32K	—	150x	as long as short
Gate PENGU_USDT	+0.0010%	4h	0.008739	−2.510%	$3.3M	$15.5M	75x	as long as short
Injective PENGU/USDC PERP	+0.0033%	1h	0.008789	−1.952%	$3K	$117K	5.5x	as long as short
01 Exchange PENGUUSD	+0.0072%	1h	0.008746	−2.432%	$200	$64	5x	as long as short
Lighter PENGU	+0.0096%	1h	0.008741	−2.488%	$311K	$712K	8x	as long as short
Orderly PERP_PENGU_USDC	+0.0099%	4h	0.008737	−2.532%	$23K	$133K	20x	as long as short
Nado PENGU-PERP	+0.0100%	1h	0.008744	−2.449%	$586K	$1.0M	5x	as long as short
Hyperliquid PENGU	+0.0100%	1h	0.008746	−2.432%	$8.1M	$14.7M	5x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster PENGUUSDT	+0.0100%	4h	0.008747	−2.425%	$121K	$579K	20x	as long as short
Pacifica PENGUshort	+0.0100%	1h	0.008749	−2.398%	$154K	$243K	5x
Binance PENGUUSDT	+0.0100%	4h	0.008739	−2.512%	$36.4M	$161.3M	75x	as long as short
Bybit PENGUUSDT	+0.0100%	4h	0.008735	−2.555%	$23.1M	$39.0M	75x	as long as short
OKX PENGU-USDT-SWAP	+0.0100%	4h	0.008739	−2.510%	$7.2M	$46.7M	50x	as long as short
Arcus PENGU-USD	+0.0100%	1h	0.008750	−2.387%	$19K	$23K	5x	as long as short
MEXC PENGU_USDT	+0.0100%	4h	0.008739	−2.510%	$11.2M	$12.2M	125x	as long as short
KuCoin PENGUUSDTM	+0.0100%	4h	0.008741	−2.488%	$4.8M	$9.2M	75x	as long as short
Bitget PENGUUSDT	+0.0100%	4h	0.008739	−2.510%	$8.2M	$12.3M	75x	as long as short
BingX PENGU-USDT	+0.0100%	4h	0.008738	−2.521%	—	$3.6M	—	as long as short
Backpack PENGU_USDC_PERP	+0.0100%	1h	0.008737	−2.532%	$298K	$295K	10x	as long as short
Variational Omni PENGU	+0.0100%	4h	0.008747	−2.420%	$870K	$985K	—	as long as short
GRVT PENGU_USDT_Perp	+0.0100%	4h	0.008757	−2.311%	$460K	$2.1M	10x	as long as short
SunX PENGU-USDTlong	+0.0100%	4h	0.008964	long leg	$3K	$2.0M	10x
SoDEX PENGU-USD	+0.0100%	1h	0.008737	−2.532%	$1K	$5K	5x	as long as short
HTX PENGU-USDT	+0.0100%	4h	0.008749	−2.398%	$91K	$372K	25x	as long as short
Extended PENGU-USD	+0.0104%	1h	0.008731	−2.596%	$184K	$942K	10x	as long as short
Aevo PENGU-PERP	+0.0104%	1h	0.008728	−2.633%	$202K	—	3x	as long as short
Reya PENGURUSDPERP	+0.0239%	1h	0.008743	−2.462%	$295	—	10x	as long as short
BloFin PENGU-USDT	+0.0340%	4h	0.008738	−2.521%	$1.5M	$3.5M	75x	as long as short
Kraken Futures PF_PENGUUSD	+0.0366%	1h	0.008745	−2.446%	$342K	$2.4M	50x	as long as short
dYdX PENGU-USD	+0.0442%	1h	0.008753	−2.357%	$12K	$5K	5x	as long as short
GMX PENGU/USD [WBTC.b-USDC]	L +0.0510% / S −0.0439%	1h	0.008740	−2.499%	$128K	—	100x	as long as short
Coinbase International PENGU-PERP-INTX	+0.2928%	1h	0.008967	+0.033%	$95K	$61K	50x	as long as short