Settings8H · net · $10k
Funding arb · Price arb /

PENGU

all PENGU markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 10:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h −0.002%
Price spread now: Orderly against Aevo+0.022%7-day average +0.016% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 7 days−0.025%−$3 on $10k
Price spread, last 4 days (all we have)+0.029%+$3 · spread now +0.022%, 7d avg +0.016%
Together, before fees+0.004%$0 on $10k · with fees, hour by hour
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongAevo PENGU-PERP0.0092250.0104pay 0.0013% / 1h55m 30s$213K3x
ShortOrderly PERP_PENGU_USDC0.0092270.0100get 0.0050% / 4h2h 55m$24K$357K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Orderly 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

Funding earned
−$0.84
Price spread: +0.022% → +0.016%
$0.59
Slippage, 4 orders
no order book: not counted
Fee Aevo: 8 bp × 2 orders
−$16
Fee Orderly: 3 bp × 2 orders
−$6
Net
−$22.25
Costs to cover
0.220%
Break-even
never at this rate
Slippage unknown: Aevo: live order book, 38 min ago; Orderly: 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
LegHalf-spread$10k$100k$1M$5M
Buy Aevo live order book, 38 min ago60.54 bp377.8 bp −$378doesn't fitdoesn't fitdoesn't fit
Sell Orderly no order-book sample
Orderly: 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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
gTrade (Gains Network) PENGU/USDL +0.0007% / S −0.0003%1h0.009228+0.037%$34K150xas long as short
ApeX Omni PENGUUSDT+0.0011%1h0.009206−0.206%$81K$252K50xas long as short
Injective PENGU/USDC PERP+0.0033%1h0.008789−4.726%$3K$117K5.5xas long as short
Gate PENGU_USDT+0.0044%4h0.009175−0.542%$3.8M$17.5M75xas long as short
Lighter PENGU+0.0096%1h0.009206−0.206%$329K$700K8xas long as short
Aster PENGUUSDT+0.0100%4h0.009169−0.610%$142K$790K20xas long as short
Pacifica PENGU+0.0100%1h0.009185−0.434%$140K$235K5xas long as short
Binance PENGUUSDT+0.0100%4h0.009165−0.650%$40.6M$196.9M75xas long as short
Bybit PENGUUSDT+0.0100%4h0.009157−0.737%$24.9M$47.2M75xas long as short
OKX PENGU-USDT-SWAP+0.0100%4h0.009156−0.748%$8.3M$58.4M50xas long as short
Show all 34 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Arcus PENGU-USD+0.0100%1h0.009180−0.488%$19K$26K5xas long as short
MEXC PENGU_USDT+0.0100%4h0.009181−0.477%$12.3M$12.8M125xas long as short
KuCoin PENGUUSDTM+0.0100%4h0.009180−0.488%$5.2M$10.7M75xas long as short
Bitget PENGUUSDT+0.0100%4h0.009166−0.640%$8.9M$14.9M75xas long as short
BingX PENGU-USDC+0.0100%4h0.009187−0.412%$2.3Mas long as short
Backpack PENGU_USDC_PERP+0.0100%1h0.009220−0.054%$305K$371K10xas long as short
Variational Omni PENGU+0.0100%4h0.009216−0.101%$948K$1.2Mas long as short
GRVT PENGU_USDT_Perp+0.0100%4h0.009206−0.206%$481K$2.1M10xas long as short
Nado PENGU-PERP+0.0100%1h0.009163−0.667%$649K$1.1M5xas long as short
Orderly PERP_PENGU_USDCshort+0.0100%4h0.009227+0.022%$24K$357K20x
SunX PENGU-USDT+0.0100%4h0.009453+2.472%$3K$2.1M10xas long as short
SoDEX PENGU-USD+0.0100%1h0.009229+0.043%$1K$5K5xas long as short
HTX PENGU-USDT+0.0100%4h0.009224−0.011%$96K$413K25xas long as short
Extended PENGU-USD+0.0104%1h0.009171−0.588%$189K$746K10xas long as short
Aevo PENGU-PERPlong+0.0104%1h0.009225long leg$213K3x
Hyperliquid PENGU+0.0117%1h0.009173−0.564%$9.9M$16.9M5xas long as short
Kraken Futures PF_PENGUUSD+0.0211%1h0.009232+0.080%$346K$2.7M50xas long as short
Reya PENGURUSDPERP+0.0241%1h0.009156−0.745%$30910xas long as short
BloFin PENGU-USDT+0.0340%4h0.009200−0.271%$1.7M$5.4M75xas long as short
01 Exchange PENGUUSD+0.0344%1h0.009172−0.575%$210$1415xas long as short
Deribit PENGU_USDC-PERPETUAL+0.0400%1h0.009233+0.087%$1K$28K10xas long as short
GMX PENGU/USD [WBTC.b-USDC]L +0.0434% / S −0.0351%1h0.009224−0.011%$105K100xas long as short
dYdX PENGU-USD+0.2002%1h0.009178−0.510%$22K$18K5xas long as short
Coinbase International PENGU-PERP-INTX+0.2288%1h0.009518+3.176%$81K$88K50xas long as short