PENGU

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0004%/8h= −0.4% APRnext payment −$0.00 per $10,000 · paid last 24h +0.012%

Price spread now: Hyperliquid against Aevo+0.242%7-day average +0.065% · you sell dearer than you buy

Net, funding: paid 7d − costs−$93as in the Funding arb table

Net, price: spread back to 7d avg − costs−$67as in the Price arb table

costs, in and out, $10k−$850.845% of the position

Long on Aevo Short on Hyperliquid

What this pair did over the last

the charts below follow

Funding, last 7 days−0.085%−$8 on $10k

Price spread, last 4 days (all we have)−0.051%−$5 · spread now +0.242%, 7d avg +0.065%

Together, before fees−0.136%+ Points / potential airdropHyperliquid: Season 2 · farm board−$14 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Hyperliquid is 0.177% dearer against Aevo than usual: you sell high and buy low, +$18 on $10k if it goes back to its 7-day average of +0.065%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aevo PENGU-PERP	0.008695	0.0104	pay 0.0013% / 1h	38m 37s	$201K	—	3x
Short	Hyperliquid PENGU	0.008716	0.0100	get 0.0013% / 1h	38m 37s	$8.1M	$14.6M	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hyperliquid against Aevo. 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 AevobpFee HyperliquidbpOrdersPrice spread, now +0.242%Rate

Funding earned: −$0.84
Price spread: +0.242% → +0.065%: $17.7
Slippage, 4 orders: −$59.51
Fee Aevo: 8 bp × 2 orders: −$16
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Net: −$67.65
Costs to cover: 0.845%
Break-even: never at this rate

Slippage from Aevo: live order book, 25 min ago; Hyperliquid: live order book, 4 min ago.

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 Aevo live order book, 25 min ago	11.36 bp	46.4 bp −$46	doesn't fit	doesn't fit	doesn't fit
Sell Hyperliquid live order book, 4 min ago	1.14 bp	9.5 bp −$9	doesn't fit	doesn't fit	doesn't fit

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
Deribit PENGU_USDC-PERPETUAL	−0.0324%	1h	0.008700	+0.058%	$18K	$10K	10x	as long as short
01 Exchange PENGUUSD	−0.0032%	1h	0.008715	+0.230%	$199	$64	5x	as long as short
Gate PENGU_USDT	−0.0004%	4h	0.008716	+0.242%	$3.3M	$15.6M	75x	as long as short
gTrade (Gains Network) PENGU/USD	L +0.0007% / S −0.0003%	1h	0.008706	+0.123%	$32K	—	150x	as long as short
Injective PENGU/USDC PERP	+0.0033%	1h	0.008789	+1.081%	$3K	$117K	5.5x	as long as short
Lighter PENGU	+0.0096%	1h	0.008723	+0.322%	$310K	$709K	8x	as long as short
Orderly PERP_PENGU_USDC	+0.0099%	4h	0.008704	+0.104%	$23K	$165K	20x	as long as short
Nado PENGU-PERP	+0.0100%	1h	0.008717	+0.259%	$585K	$1.0M	5x	as long as short
Hyperliquid PENGUshort	+0.0100%	1h	0.008716	+0.242%	$8.1M	$14.6M	5x
Aster PENGUUSDT	+0.0100%	4h	0.008721	+0.302%	$120K	$577K	20x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica PENGU	+0.0100%	1h	0.008721	+0.299%	$153K	$243K	5x	as long as short
Binance PENGUUSDT	+0.0100%	4h	0.008713	+0.208%	$36.4M	$159.7M	75x	as long as short
Bybit PENGUUSDT	+0.0100%	4h	0.008709	+0.161%	$23.2M	$38.6M	75x	as long as short
OKX PENGU-USDT-SWAP	+0.0100%	4h	0.008711	+0.184%	$7.5M	$46.1M	50x	as long as short
Arcus PENGU-USD	+0.0100%	1h	0.008720	+0.288%	$19K	$24K	5x	as long as short
MEXC PENGU_USDT	+0.0100%	4h	0.008720	+0.288%	$11.5M	$12.3M	125x	as long as short
KuCoin PENGUUSDTM	+0.0100%	4h	0.008720	+0.288%	$4.8M	$9.1M	75x	as long as short
Bitget PENGUUSDT	+0.0100%	4h	0.008721	+0.299%	$8.2M	$12.4M	75x	as long as short
BingX PENGU-USDT	+0.0100%	4h	0.008722	+0.311%	—	$3.6M	—	as long as short
Backpack PENGU_USDC_PERP	+0.0100%	1h	0.008704	+0.104%	$298K	$275K	10x	as long as short
Variational Omni PENGU	+0.0100%	4h	0.008712	+0.193%	$866K	$985K	—	as long as short
GRVT PENGU_USDT_Perp	+0.0100%	4h	0.008753	+0.672%	$457K	$2.0M	10x	as long as short
ApeX Omni PENGUUSDT	+0.0100%	1h	0.008758	+0.725%	$80K	$243K	50x	as long as short
SunX PENGU-USDT	+0.0100%	4h	0.008907	+2.438%	$2K	$2.0M	10x	as long as short
SoDEX PENGU-USD	+0.0100%	1h	0.008700	+0.058%	$1K	$5K	5x	as long as short
HTX PENGU-USDT	+0.0100%	4h	0.008722	+0.311%	$91K	$348K	25x	as long as short
Extended PENGU-USD	+0.0104%	1h	0.008716	+0.243%	$179K	$944K	10x	as long as short
Aevo PENGU-PERPlong	+0.0104%	1h	0.008695	long leg	$201K	—	3x
dYdX PENGU-USD	+0.0192%	1h	0.008718	+0.267%	$12K	$4K	5x	as long as short
Reya PENGURUSDPERP	+0.0239%	1h	0.008705	+0.111%	$294	—	10x	as long as short
BloFin PENGU-USDT	+0.0340%	4h	0.008706	+0.127%	$1.5M	$3.3M	75x	as long as short
GMX PENGU/USD [WBTC.b-USDC]	L +0.0510% / S −0.0582%	1h	0.008705	+0.115%	$118K	—	100x	as long as short
Kraken Futures PF_PENGUUSD	+0.0653%	1h	0.008708	+0.145%	$356K	$2.3M	50x	as long as short
Coinbase International PENGU-PERP-INTX	+0.2296%	1h	0.008967	+3.128%	$95K	$94K	50x	as long as short