Funding arb · Price arb / Crypto

PENGU

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LONGTxFlow▾Kraken Futures −0.0651%N1 −0.0376%Nado −0.0286%BloFin −0.0263%TxFlow −0.0150%KuCoin −0.0138%Orderly −0.0080%Binance −0.0066%Extended −0.0064%MEXC −0.0064%OKX −0.0039%Deribit −0.0033%GRVT −0.0012%dYdX 0.0000%GMX +0.0026%Injective +0.0033%Gate +0.0042%Aevo +0.0064%Aster +0.0069%Hyperliquid +0.0069%Lighter +0.0096%Pacifica +0.0100%Bybit +0.0100%Arcus +0.0100%Bitget +0.0100%BingX +0.0100%Backpack +0.0100%Variational Omni +0.0100%SunX +0.0100%SoDEX +0.0100%HTX +0.0100%Phemex +0.0100%Avantis +0.0237%gTrade (Gains Network) +0.0579%

⇄⇅

SHORTApeX Omni▾gTrade (Gains Network) −0.0525%Pacifica +0.0100%Bybit +0.0100%Arcus +0.0100%Bitget +0.0100%BingX +0.0100%Backpack +0.0100%Variational Omni +0.0100%SunX +0.0100%SoDEX +0.0100%HTX +0.0100%Phemex +0.0100%Lighter +0.0096%Hyperliquid +0.0069%Aster +0.0069%Aevo +0.0064%Gate +0.0042%Injective +0.0033%dYdX 0.0000%GRVT −0.0012%Deribit −0.0033%Avantis +0.0037%OKX −0.0039%Extended −0.0064%MEXC −0.0064%Binance −0.0066%Orderly −0.0080%GMX +0.0090%KuCoin −0.0138%BloFin −0.0263%Nado −0.0286%N1 −0.0376%Kraken Futures −0.0651%ApeX Omni −0.0913%

Backtest 30d☆

Leg	Exchange	Price	Fund. /8h	Each payment	Next in	OI	Vol 24h	Lev
LONG	TxFlowPENGU-USDC	0.007048	−0.0150	get 0.0019% / 1h	53m 01s	$325K	$482K	50x	Long TxFlow5% off
SHORT	ApeX OmniPENGUUSDT	0.007071	−0.0913	pay 0.0114% / 1h	53m 01s	$43K	$53K	50x	Short ApeX Omni5% off

Price gap+0.326%

Funding gap−0.0763% /8h

The gap pays +$33 on $10k if it goes back to zero (no 7-day history yet), but funding costs $23 a day and eats that in about 34 hours.

The current funding rate is far below what this pair has been paying: over the last 7 days it paid +0.252% in total, about +0.0120%/8h on average.

Price and funding

Entry / ExitPrice spreadPricesFundingLeg ratesP&L

1m5m15m1h

1h · history

24H3D7D14D30D90D

Entry / Exit?

Price spread?

Prices?

Funding?per 8h

ENTRY / EXIT · 7D

Entry now—

Entry average—

Best entry—

Exit now—

Exit average—

Best exit—

Exit free—

PRICE SPREAD · 7D

Now+0.326%

Average—

Range—

Wider than now—

FUNDING SPREAD · 7D

Average /8h—

Highest—

Lowest—

Paid you—

Where the spread has been, last 7D▾

share of time at each level

Funding on every exchange

/8h

24H3D7D14D30D90D

TxFlowApeX Omni

PENGU on 35 exchanges

lowest funding first

Before you open

3 ok · 1 to watch

• i
  Note: Order book unknown—

  No order-book sample for ApeX Omni: its slippage is not counted.
• i
  Note: Margin at max leverage$200 + $200

  TxFlow 50x, ApeX Omni 50x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
• ✓
  OK: Same payment interval1h / 1h

  Both legs pay at the same time.

  Long TxFlow · 1h+$4.49

  Short ApeX Omni · 1h−$27.40

  now+6h+12h+18h+24h

  Next 24h at the current rates, on $10k a leg: −$22.90Long TxFlow: 24 payments, +$4.49; short ApeX Omni: 24 payments, −$27.40.
• i
  Note: No 7-day spread history+0.326%

  The gap cannot be compared with its average yet.
• !
  Watch: Short leg is thinner$43K vs $325K OI

  ApeX Omni sets your exit cost. Check its book before closing.
• ✓
  OK: Points on a legTxFlow points

  Volume here counts toward the points program.
• ✓
  OK: No KYC on either legTxFlow No · ApeX Omni No

  Both exchanges let you trade without ID.

Profit calculator

both legs, in and out

Position, each leg

$10k$100k$1M

Hold for

1 day7 days30 days

Orders

takermaker

Price spread

to 7d avgclosesnot counted

Funding rate

range avgcurrent

Funding earned+0.0120%/8h × 21 periods+$25.15

Price spread+0.326% → 0+$32.63

Slippage, 4 ordersno data for ApeX Omni—

Fee TxFlow bp × 2 orders−$9.00

Fee ApeX Omni bp × 2 orders−$10.00

Net, fees only · 7 days · $10k+$38.79

Costs to cover0.190%Break-evenfrom the start

Slippage: TxFlow: live order book, 38 min ago; ApeX Omni: no order-book sample

Cost to enter

taker + slippage from mid, one side

Leg½ spr$10k$100k$1M$5M

BUY · LONGTxFlow0.709.6 bp−$1022.9 bp−$229186.6 bp−$18.7Kdoesn’t fit

SELL · SHORTApeX Omni—————

Closing costs about the same again.
ApeX Omni: no data.

Alert

FundingSpread

Tell me when it goes above%/8hNot more often than everymin

Create alert

FundingPrice spread

I'm in

PENGU news

posts that mention PENGU, from every exchangeSearch all news →

10-21 06:00	Bitget	Other	Crypto assets that moved big last night. $ZEC +10.30% $PENGU $6.12% $NEAR +4.28% What else did you catch? @bitget on X ↗
10-05 02:16	SoDEX	Other	📊 SoDEX 24h Movers | Mon, Oct 5 73 of 92 perp markets are higher. Can the broad advance hold through this week's macro releases? Market notes $AXS: Price rose on declining volume, alongside negative funding and net exchange inflows. The advance lacked stronger volume confirmation. $PENGU: Stonk launched a "Community Coins" mode on Solana, making PENGU holders eligible to share rewards from newly issued meme tokens. $PONS: Trader Bonk Guy's portfolio is down ~$13.9M from its Sept 6 peak. PONS remains his largest holding at $4.51M. This week's watchlist Mon, Oct 5, 14:00 UTC: US ISM Services PMI Wed, Oct 7, 18:00 UTC: FOMC minutes Fri, Oct 9: Michigan consumer sentiment preliminary release 73 up / 19 down / 0 flat across 92 perp markets. 24 also trade spot. Trade 👉 @sodex_official on X ↗
09-29 21:28	Kraken Futures	Other	"Bro, I am in a state of absolute abundance. Crypto. Stocks. Earning rewards. Secure. I'm swimming in options. While you're chasing rugs, I am chilling with my premium, strategic portfolio. This is what building wealth looks like. Fix your mindset, bro. Get on Kraken." -PENGU @krakenfx on X ↗
09-23 09:31	Phemex	Listing	new market PENGUUSDT ($PENGU) seen by our collector
09-19 12:00	KuCoin	Other	Altseason 2026 hasn't officially started—CoinMarketCap's Altcoin Season Index sits near 44, well below the 75 threshold, and Bitcoin dominance is still holding around 58%. But a handful of names are already breaking away: HYPE and ZEC are leading on market cap and momentum, LINK and ONDO anchor the RWA/oracle narrative, while UNI, AAVE, XRP, PENGU, PONS, and Binance Life round out the top 10 watchlist. Which 10 altcoins are traders positioning in before the rotation? We break it all down on the KuCoin Blog 👇 @kucoincom on X ↗