Funding arb · Price arb /

PENGU

all PENGU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0228%/8h= −25.0% APRpaid last 24h +0.004%

Price spread now: Aster against 01 Exchange+0.004%7-day average — · you sell dearer than you buy

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

Long on 01 Exchange Short on Aster

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropAster: Stage 5 · farm boardneeds both histories

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: −$7 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	01 Exchange PENGUUSD	0.009124	0.0328	pay 0.0041% / 1h	24m 17s	$209	$41	5x
Short	Aster PENGUUSDT	0.009124	0.0100	get 0.0050% / 4h	24m 17s	$145K	$717K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against 01 Exchange. 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 01 ExchangebpFee AsterbpOrdersPrice spread, now +0.004%Rate

Funding earned: −$47.88
Price spread: +0.004% → 0.000%: $0.38
Slippage, 4 orders: no order book: not counted
Fee 01 Exchange: 3.5 bp × 2 orders: −$7
Fee Aster: 4 bp × 2 orders: −$8
Net: −$62.5
Costs to cover: 0.150%
Break-even: never at this rate

Slippage unknown: 01 Exchange: no order-book sample; Aster: live order book, 13 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 01 Exchange no order-book sample	—	—	—	—	—
Sell Aster live order book, 13 min ago	6.01 bp	13.2 bp −$13	49.6 bp −$496	doesn't fit	doesn't fit

01 Exchange: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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
gTrade (Gains Network) PENGU/USD	L +0.0007% / S −0.0003%	1h	0.009123	−0.016%	$34K	—	150x	as long as short
Injective PENGU/USDC PERP	+0.0033%	1h	0.008789	−3.672%	$3K	$117K	5.5x	as long as short
Lighter PENGU	+0.0096%	1h	0.009129	+0.055%	$330K	$773K	8x	as long as short
Aster PENGUUSDTshort	+0.0100%	4h	0.009124	+0.004%	$145K	$717K	20x
Pacifica PENGU	+0.0100%	1h	0.009117	−0.077%	$138K	$267K	5x	as long as short
Binance PENGUUSDT	+0.0100%	4h	0.009123	−0.015%	$40.2M	$193.2M	75x	as long as short
Bybit PENGUUSDT	+0.0100%	4h	0.009108	−0.175%	$24.4M	$45.4M	75x	as long as short
OKX PENGU-USDT-SWAP	+0.0100%	4h	0.009113	−0.121%	$8.1M	$56.6M	50x	as long as short
Arcus PENGU-USD	+0.0100%	1h	0.009120	−0.044%	$18K	$25K	5x	as long as short
Gate PENGU_USDT	+0.0100%	4h	0.009117	−0.077%	$3.7M	$17.9M	75x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC PENGU_USDT	+0.0100%	4h	0.009117	−0.077%	$11.3M	$13.1M	125x	as long as short
KuCoin PENGUUSDTM	+0.0100%	4h	0.009115	−0.099%	$5.0M	$10.3M	75x	as long as short
Bitget PENGUUSDT	+0.0100%	4h	0.009124	0.000%	$9.0M	$14.4M	75x	as long as short
BingX PENGU-USDT	+0.0100%	4h	0.009115	−0.099%	—	$3.8M	—	as long as short
Backpack PENGU_USDC_PERP	+0.0100%	1h	0.009112	−0.132%	$314K	$381K	10x	as long as short
Variational Omni PENGU	+0.0100%	4h	0.009119	−0.057%	$932K	$1.1M	—	as long as short
GRVT PENGU_USDT_Perp	+0.0100%	4h	0.009145	+0.230%	$480K	$2.1M	10x	as long as short
ApeX Omni PENGUUSDT	+0.0100%	1h	0.009154	+0.329%	$80K	$252K	50x	as long as short
Nado PENGU-PERP	+0.0100%	1h	0.009114	−0.115%	$642K	$1.1M	5x	as long as short
Orderly PERP_PENGU_USDC	+0.0100%	4h	0.009119	−0.055%	$23K	$287K	20x	as long as short
SunX PENGU-USDT	+0.0100%	4h	0.009339	+2.356%	$3K	$2.2M	10x	as long as short
SoDEX PENGU-USD	+0.0100%	1h	0.009121	−0.033%	$1K	$5K	5x	as long as short
HTX PENGU-USDT	+0.0100%	4h	0.009141	+0.186%	$94K	$414K	25x	as long as short
Extended PENGU-USD	+0.0104%	1h	0.009114	−0.109%	$187K	$744K	10x	as long as short
Aevo PENGU-PERP	+0.0104%	1h	0.009116	−0.088%	$211K	—	3x	as long as short
Hyperliquid PENGU	+0.0144%	1h	0.009124	0.000%	$9.2M	$16.5M	5x	as long as short
Deribit PENGU_USDC-PERPETUAL	+0.0189%	1h	0.009124	0.000%	$1K	$29K	10x	as long as short
Reya PENGURUSDPERP	+0.0240%	1h	0.009117	−0.080%	$308	—	10x	as long as short
01 Exchange PENGUUSDlong	+0.0328%	1h	0.009124	long leg	$209	$41	5x
BloFin PENGU-USDT	+0.0340%	4h	0.009130	+0.066%	$1.6M	$5.0M	75x	as long as short
dYdX PENGU-USD	+0.0378%	1h	0.009122	−0.020%	$12K	$6K	5x	as long as short
GMX PENGU/USD [WBTC.b-USDC]	L +0.0434% / S −0.0352%	1h	0.009126	+0.022%	$105K	—	100x	as long as short
Kraken Futures PF_PENGUUSD	+0.0535%	1h	0.009124	−0.001%	$356K	$2.6M	50x	as long as short
Coinbase International PENGU-PERP-INTX	+0.1928%	1h	0.009196	+0.789%	$81K	$74K	50x	as long as short