Funding arb · Price arb /

PENGU

all PENGU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 20:00 UTC0.0000%/8hpaid last 24h 0.000%

Price spread now: Aster against ApeX Omni−0.022%99s7-day average −0.013% · you buy dearer than you sell

Net, funding: paid 7d − costs−$49as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$500.501% of the position

Long on ApeX Omni Short on Aster

What this pair did over the last

the charts below follow

Funding, last 7 days+0.007%+$1 on $10k

Price spread, last 3 days (all we have)−0.770%−$77 · spread now −0.022%, 7d avg −0.013%

Together, before fees−0.763%+ Points / potential airdropAster: Stage 5 · farm board−$76 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	ApeX Omni PENGUUSDT	0.008867	0.0100	pay 0.0013% / 1h	5m 54s	$84K	$254K	50x
Short	Aster PENGUUSDT	0.008865	0.0100	get 0.0050% / 4h	5m 54s	$175K	$408K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against ApeX Omni. 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 ApeX OmnibpFee AsterbpOrdersPrice spread, now −0.022%Rate

Funding earned: $0
Price spread: −0.022% → −0.013%: −$0.85
Slippage, 4 orders: −$32.07
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee Aster: 4 bp × 2 orders: −$8
Net: −$50.91
Costs to cover: 0.501%
Break-even: never at this rate

Slippage from ApeX Omni: live order book, 25 min ago; Aster: live order book, 26 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 ApeX Omni live order book, 25 min ago	5.62 bp	14.4 bp −$14	100.7 bp −$1,007	doesn't fit	doesn't fit
Sell Aster live order book, 26 min ago	4.48 bp	10.9 bp −$11	40.6 bp −$406	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
Gate PENGU_USDT	−0.0092%	4h	0.008854	−0.147%	$3.6M	$14.4M	75x	as long as short
dYdX PENGU-USD	0.0000%	1h	0.008864	−0.034%	$12K	$5K	5x	as long as short
Deribit PENGU_USDC-PERPETUAL	0.0000%	1h	0.008864	−0.034%	$20K	$7K	10x	as long as short
gTrade (Gains Network) PENGU/USD	L +0.0007% / S −0.0003%	1h	0.008862	−0.052%	$33K	—	150x	as long as short
Injective PENGU/USDC PERP	+0.0033%	1h	0.008884	+0.192%	$3K	$75K	5.5x	as long as short
Kraken Futures PF_PENGUUSD	+0.0039%	1h	0.008867	+0.001%	$408K	$2.0M	50x	as long as short
Lighter PENGU	+0.0096%	1h	0.008867	0.000%	$325K	$623K	8x	as long as short
Nado PENGU-PERP	+0.0100%	1h	0.008859	−0.085%	$679K	$736K	5x	as long as short
Aster PENGUUSDTshort	+0.0100%	4h	0.008865	−0.022%	$175K	$408K	20x
Pacifica PENGU	+0.0100%	1h	0.008859	−0.090%	$194K	$162K	5x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance PENGUUSDT	+0.0100%	4h	0.008867	+0.003%	$37.8M	$143.1M	75x	as long as short
Bybit PENGUUSDT	+0.0100%	4h	0.008856	−0.124%	$23.6M	$32.6M	75x	as long as short
OKX PENGU-USDT-SWAP	+0.0100%	4h	0.008859	−0.090%	$8.1M	$45.4M	50x	as long as short
Arcus PENGU-USD	+0.0100%	1h	0.008860	−0.079%	$20K	$24K	5x	as long as short
MEXC PENGU_USDT	+0.0100%	4h	0.008869	+0.023%	$12.8M	$12.0M	125x	as long as short
KuCoin PENGUUSDTM	+0.0100%	4h	0.008868	+0.011%	$4.8M	$8.1M	75x	as long as short
Bitget PENGUUSDT	+0.0100%	4h	0.008863	−0.045%	$8.1M	$11.6M	75x	as long as short
BingX PENGU-USDT	+0.0100%	4h	0.008866	−0.011%	—	$3.9M	—	as long as short
Backpack PENGU_USDC_PERP	+0.0100%	1h	0.008859	−0.090%	$315K	$314K	10x	as long as short
Variational Omni PENGU	+0.0100%	4h	0.008868	+0.016%	$836K	$597K	—	as long as short
GRVT PENGU_USDT_Perp	+0.0100%	4h	0.008881	+0.153%	$475K	$2.4M	10x	as long as short
ApeX Omni PENGUUSDTlong	+0.0100%	1h	0.008867	long leg	$84K	$254K	50x
Orderly PERP_PENGU_USDC	+0.0100%	4h	0.008862	−0.056%	$21K	$187K	20x	as long as short
SunX PENGU-USDT	+0.0100%	4h	0.009066	+2.244%	$3K	$2.1M	10x	as long as short
SoDEX PENGU-USD	+0.0100%	1h	0.008860	−0.079%	$1K	$5K	5x	as long as short
HTX PENGU-USDT	+0.0100%	4h	0.008876	+0.101%	$98K	$249K	25x	as long as short
Extended PENGU-USD	+0.0104%	1h	0.008858	−0.097%	$182K	$680K	10x	as long as short
Aevo PENGU-PERP	+0.0104%	1h	0.008860	−0.079%	$205K	$17K	3x	as long as short
Hyperliquid PENGU	+0.0172%	1h	0.008876	+0.101%	$10.8M	$13.3M	5x	as long as short
Reya PENGURUSDPERP	+0.0236%	1h	0.008860	−0.084%	$299	—	10x	as long as short
01 Exchange PENGUUSD	+0.0248%	1h	0.008861	−0.068%	$203	$59	5x	as long as short
BloFin PENGU-USDT	+0.0340%	4h	0.008872	+0.056%	$1.6M	$2.5M	75x	as long as short
GMX PENGU/USD [WBTC.b-USDC]	L +0.0507% / S −0.0698%	1h	0.008864	−0.034%	$114K	—	100x	as long as short
Coinbase International PENGU-PERP-INTX	+0.2976%	1h	0.009092	+2.537%	$96K	$108K	50x	as long as short