Funding arb · Price arb /

PENG

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0046%/8h= +5.0% APRpaid last 24h +0.014%

Price spread now: Vest against Binance−0.473%7-day average — · you buy dearer than you sell

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

Long on Binance Short on Vest

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

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

Together, before fees—+ Points / potential airdropVest: Active · farm boardneeds both histories

Funding pays, the price is against you. Vest is 0.473% cheaper against Binance than usual: you would sell low and buy high (spread −0.473% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$47 on $10k: about 35 days of funding at the current rate (+$1 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance PENGUSDT	54.859	0	get 0.0000% / 8h	2h 30m	$135K	$487K	10x
Short	Vest PENG-USD-PERP	54.600	0.0046	get 0.0006% / 1h	30m 53s	—	—	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Vest against Binance. 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 BinancebpFee VestbpOrdersPrice spread, now −0.473%Rate

Funding earned: $9.59
Price spread: −0.473% → 0.000%: −$47.28
Slippage, 4 orders: no order book: not counted
Fee Binance: 5 bp × 2 orders: −$10
Fee Vest: 1 bp × 2 orders: −$2
Net: −$49.69
Costs to cover: 0.120%
Break-even: 43.3 days

Slippage unknown: Binance: live order book, 1 min ago; Vest: no order-book sample. 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 Binance live order book, 1 min ago	8.20 bp	22.1 bp −$22	182.1 bp −$1,821	doesn't fit	doesn't fit
Sell Vest no order-book sample	—	—	—	—	—

Vest: 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.

PENG on 9 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
Bitget PENGUSDT	−0.0318%	8h	55.030	+0.311%	$56K	$31K	20x	as long as short
QFEX PENG-USD	0.0000%	1h	54.570	−0.528%	$1.2M	$781K	10x	as long as short
Binance PENGUSDTlong	0.0000%	8h	54.859	long leg	$135K	$487K	10x
OKX PENG-USDT-SWAP	0.0000%	8h	54.880	+0.038%	$91K	$91K	20x	as long as short
Gate PENG_USDT	0.0000%	8h	54.890	+0.056%	$29K	$9K	20x	as long as short
HTX PENG-USDT	0.0000%	8h	54.840	−0.035%	$6K	$281K	10x	as long as short
Vest PENG-USD-PERPshort	+0.0046%	1h	54.600	−0.473%	—	—	10x
Nado PENG-PERP	+0.0100%	1h	54.965	+0.192%	$29K	$3K	5x	as long as short
edgeX PENGUSDC	+0.0787%	4h	54.836	−0.042%	$18K	$262K	10x	as long as short