Funding arb · Price arb /

PENG

RWAall PENG markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0151%/8h= −16.5% APRpaid last 24h +0.068%

Price spread now: OKX against edgeX−0.384%61s7-day average — · you buy dearer than you sell

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

Long on edgeX Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.204%−$20 on $10k

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

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

Both sides work against this trade now: funding costs −$5 a day on $10k at the current rate, and OKX is 0.384% cheaper against edgeX than usual: you would sell low and buy high (−$38 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 61 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	edgeX PENGUSDC	54.831	0.0151	pay 0.0075% / 4h	1h 50m	$18K	$261K	10x
Short	OKX PENG-USDT-SWAP	54.620	0	get 0.0000% / 8h	1h 50m	$90K	$84K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX against edgeX. 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 edgeXbpFee OKXbpOrdersPrice spread, now −0.384%Rate

Funding earned: −$31.66
Price spread: −0.384% → 0.000%: −$38.4
Slippage, 4 orders: no order book: not counted
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee OKX: 5 bp × 2 orders: −$10
Net: −$89.06
Costs to cover: 0.190%
Break-even: never at this rate

Slippage unknown: edgeX: live order book, 57 min ago; OKX: 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 edgeX live order book, 57 min ago	14.52 bp	29.8 bp −$30	doesn't fit	doesn't fit	doesn't fit
Sell OKX no order-book sample	—	—	—	—	—

OKX: 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	−0.0543%	8h	54.760	−0.129%	$37K	$34K	20x	as long as short
Binance PENGUSDT	0.0000%	8h	54.600	−0.420%	$135K	$489K	10x	as long as short
OKX PENG-USDT-SWAPshort	0.0000%	8h	54.620	−0.384%	$90K	$84K	20x
QFEX PENG-USD	0.0000%	1h	54.600	−0.420%	$1.2M	$766K	10x	as long as short
Gate PENG_USDT	0.0000%	8h	54.690	−0.256%	$30K	$9K	20x	as long as short
HTX PENG-USDT	0.0000%	8h	54.640	−0.348%	$6K	$282K	10x	as long as short
Vest PENG-USD-PERP	+0.0046%	1h	54.600	−0.420%	—	—	10x	as long as short
Nado PENG-PERP	+0.0100%	1h	54.555	−0.503%	$28K	$3K	5x	as long as short
edgeX PENGUSDClong	+0.0151%	4h	54.831	long leg	$18K	$261K	10x