PENGU

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0004%/8h= −0.4% APRnext payment −$0.00 per $10,000 · paid last 24h −0.001%

Price spread now: Pacifica against Aevo+0.172%7-day average +0.041% · you sell dearer than you buy

Net, funding: paid 7d − costs−$137as in the Funding arb table

Net, price: spread back to 7d avg − costs−$123as in the Price arb table

costs, in and out, $10k−$1361.362% of the position

Long on Aevo Short on Pacifica

What this pair did over the last

the charts below follow

Funding, last 7 days−0.004%$0 on $10k

Price spread, last 4 days (all we have)−0.070%−$7 · spread now +0.172%, 7d avg +0.041%

Together, before fees−0.075%+ Points / potential airdropPacifica: Active · farm board−$7 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: Pacifica is 0.132% dearer against Aevo than usual: you sell high and buy low, +$13 on $10k if it goes back to its 7-day average of +0.041%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aevo PENGU-PERP	0.008718	0.0104	pay 0.0013% / 1h	43m 35s	$201K	—	3x
Short	Pacifica PENGU	0.008733	0.0100	get 0.0013% / 1h	43m 35s	$154K	$241K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Pacifica 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 PacificabpOrdersPrice spread, now +0.172%Rate

Funding earned: −$0.84
Price spread: +0.172% → +0.041%: $13.15
Slippage, 4 orders: −$112.19
Fee Aevo: 8 bp × 2 orders: −$16
Fee Pacifica: 4 bp × 2 orders: −$8
Net: −$123.88
Costs to cover: 1.362%
Break-even: never at this rate

Slippage from Aevo: live order book, 15 min ago; Pacifica: live order book, 14 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, 15 min ago	11.44 bp	60.1 bp −$60	doesn't fit	doesn't fit	doesn't fit
Sell Pacifica live order book, 14 min ago	4.02 bp	20.0 bp −$20	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	0.0000%	1h	0.008725	+0.080%	$18K	$10K	10x	as long as short
gTrade (Gains Network) PENGU/USD	L +0.0007% / S −0.0003%	1h	0.008729	+0.129%	$32K	—	150x	as long as short
01 Exchange PENGUUSD	+0.0024%	1h	0.008721	+0.034%	$200	$64	5x	as long as short
Gate PENGU_USDT	+0.0030%	4h	0.008731	+0.149%	$3.3M	$15.6M	75x	as long as short
Injective PENGU/USDC PERP	+0.0033%	1h	0.008789	+0.814%	$3K	$117K	5.5x	as long as short
Lighter PENGU	+0.0096%	1h	0.008737	+0.218%	$311K	$713K	8x	as long as short
Orderly PERP_PENGU_USDC	+0.0099%	4h	0.008728	+0.115%	$23K	$127K	20x	as long as short
Hyperliquid PENGU	+0.0100%	1h	0.008732	+0.161%	$8.1M	$14.7M	5x	as long as short
Aster PENGUUSDT	+0.0100%	4h	0.008729	+0.122%	$121K	$579K	20x	as long as short
Pacifica PENGUshort	+0.0100%	1h	0.008733	+0.172%	$154K	$241K	5x

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance PENGUUSDT	+0.0100%	4h	0.008733	+0.178%	$36.3M	$161.5M	75x	as long as short
Bybit PENGUUSDT	+0.0100%	4h	0.008730	+0.138%	$23.1M	$39.1M	75x	as long as short
OKX PENGU-USDT-SWAP	+0.0100%	4h	0.008727	+0.103%	$7.2M	$46.6M	50x	as long as short
Arcus PENGU-USD	+0.0100%	1h	0.008720	+0.023%	$19K	$23K	5x	as long as short
MEXC PENGU_USDT	+0.0100%	4h	0.008733	+0.172%	$11.0M	$12.3M	125x	as long as short
KuCoin PENGUUSDTM	+0.0100%	4h	0.008731	+0.149%	$4.8M	$9.2M	75x	as long as short
Bitget PENGUUSDT	+0.0100%	4h	0.008731	+0.149%	$8.2M	$12.3M	75x	as long as short
BingX PENGU-USDC	+0.0100%	4h	0.008720	+0.023%	—	$2.3M	—	as long as short
Backpack PENGU_USDC_PERP	+0.0100%	1h	0.008731	+0.149%	$298K	$295K	10x	as long as short
Variational Omni PENGU	+0.0100%	4h	0.008693	−0.288%	$863K	$985K	—	as long as short
GRVT PENGU_USDT_Perp	+0.0100%	4h	0.008670	−0.550%	$462K	$2.1M	10x	as long as short
ApeX Omni PENGUUSDT	+0.0100%	1h	0.008685	−0.379%	$79K	$243K	50x	as long as short
Nado PENGU-PERP	+0.0100%	1h	0.008726	+0.095%	$585K	$1.0M	5x	as long as short
SunX PENGU-USDT	+0.0100%	4h	0.008944	+2.592%	$2K	$2.0M	10x	as long as short
SoDEX PENGU-USD	+0.0100%	1h	0.008725	+0.080%	$1K	$5K	5x	as long as short
HTX PENGU-USDT	+0.0100%	4h	0.008750	+0.367%	$91K	$372K	25x	as long as short
Extended PENGU-USD	+0.0104%	1h	0.008722	+0.049%	$180K	$946K	10x	as long as short
Aevo PENGU-PERPlong	+0.0104%	1h	0.008718	long leg	$201K	—	3x
Reya PENGURUSDPERP	+0.0239%	1h	0.008730	+0.138%	$295	—	10x	as long as short
BloFin PENGU-USDT	+0.0340%	4h	0.008698	−0.229%	$1.5M	$3.5M	75x	as long as short
Kraken Futures PF_PENGUUSD	+0.0367%	1h	0.008731	+0.144%	$342K	$2.4M	50x	as long as short
dYdX PENGU-USD	+0.0378%	1h	0.008732	+0.163%	$12K	$5K	5x	as long as short
GMX PENGU/USD [WBTC.b-USDC]	L +0.0495% / S −0.0419%	1h	0.008729	+0.126%	$124K	—	100x	as long as short
Coinbase International PENGU-PERP-INTX	+0.2928%	1h	0.008732	+0.161%	$93K	$60K	50x	as long as short