Funding arb · Price arb /

PENG

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC−0.0100%/8h= −10.9% APRpaid last 24h −0.030%

Price spread now: HTX against Nado+0.161%7-day average — · you sell dearer than you buy

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

Long on Nado Short on HTX

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 airdropNado: Active · farm boardneeds both histories

The price spread pays, funding is against you. HTX is 0.161% dearer against Nado than usual: you sell high and buy low (spread +0.161% now, against zero (this spread has no 7-day history yet)): +$16 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 5.4 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Nado PENG-PERP	54.622	0.0100	pay 0.0012% / 1h	44m 44s	$29K	$3K	5x
Short	HTX PENG-USDT	54.710	0	get 0.0000% / 8h	4h 44m	$6K	$280K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX against Nado. 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 NadobpFee HTXbpOrdersPrice spread, now +0.161%Rate

Funding earned: −$21
Price spread: +0.161% → 0.000%: $16.07
Slippage, 4 orders: no order book: not counted
Fee Nado: 3.5 bp × 2 orders: −$7
Fee HTX: 6 bp × 2 orders: −$12
Net: −$23.93
Costs to cover: 0.190%
Break-even: never at this rate

Slippage unknown: Nado: no order-book sample; HTX: live order book, 60 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 Nado no order-book sample	—	—	—	—	—
Sell HTX live order book, 60 min ago	26.55 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit

Nado: 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 exchanges

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
Binance PENGUSDT	0.0000%	8h	54.703	+0.147%	$133K	$510K	10x	as long as short
Gate PENG_USDT	0.0000%	8h	54.750	+0.234%	$29K	$8K	20x	as long as short
Bitget PENGUSDT	0.0000%	8h	54.770	+0.271%	$36K	$38K	20x	as long as short
HTX PENG-USDTshort	0.0000%	8h	54.710	+0.161%	$6K	$280K	10x
QFEX PENG-USD	0.0000%	1h	54.710	+0.161%	$1.2M	$861K	10x	as long as short
Vest PENG-USD-PERP	+0.0046%	1h	54.720	+0.179%	—	—	10x	as long as short
Nado PENG-PERPlong	+0.0100%	1h	54.622	long leg	$29K	$3K	5x
OKX PENG-USDT-SWAP	+0.0154%	8h	54.730	+0.197%	$91K	$74K	20x	as long as short
edgeX PENGUSDC	+0.0857%	4h	54.636	+0.025%	$18K	$261K	10x	as long as short