PENGU

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.2196%/8h= +240.5% APRnext payment +$2.75 per $10,000 · paid last 24h +0.593%

Price spread now: Coinbase International against ApeX Omni+2.515%7-day average +0.751% · you sell dearer than you buy

Net, funding: paid 7d − costs−$58as in the Funding arb table

Net, price: spread back to 7d avg − costs−$57as in the Price arb table

costs, in and out, $10k−$2332.333% of the position

Long on ApeX Omni Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days+1.757%+$176 on $10k

Price spread, last 3 days (all we have)−1.720%−$172 · spread now +2.515%, 7d avg +0.751%

Together, before fees+0.038%+$4 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$66 a day on $10k at the current rate, and Coinbase International is 1.764% dearer against ApeX Omni than usual: you sell high and buy low: +$176 more if the spread goes back to its 7-day average of +0.751%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	ApeX Omni PENGUUSDT	0.008747	0.0100	pay 0.0013% / 1h	7m 29s	$80K	$242K	50x
Short	Coinbase International PENGU-PERP-INTX	0.008967	0.2296	get 0.0287% / 1h	7m 29s	$95K	$90K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International 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 Coinbase InternationalbpOrdersPrice spread, now +2.515%Rate

Funding earned: $461.16
Price spread: +2.515% → +0.751%: $176.43
Slippage, 4 orders: −$213.28
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: $404.3
Costs to cover: 2.333%
Break-even: 0.9 days

Slippage from ApeX Omni: live order book, 54 min ago; Coinbase International: live order book, 86 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, 54 min ago	7.39 bp	15.3 bp −$15	106.7 bp −$1,067	doesn't fit	doesn't fit
Sell Coinbase International live order book, 86 min ago	84.41 bp	90.2 bp −$90	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	−0.0093%	1h	0.008739	−0.091%	$18K	$10K	10x	as long as short
01 Exchange PENGUUSD	−0.0032%	1h	0.008742	−0.057%	$200	$64	5x	as long as short
gTrade (Gains Network) PENGU/USD	L +0.0007% / S −0.0003%	1h	0.008744	−0.032%	$32K	—	150x	as long as short
Gate PENGU_USDT	+0.0008%	4h	0.008733	−0.160%	$3.3M	$15.7M	75x	as long as short
Injective PENGU/USDC PERP	+0.0033%	1h	0.008789	+0.480%	$3K	$117K	5.5x	as long as short
Lighter PENGU	+0.0096%	1h	0.008739	−0.091%	$311K	$712K	8x	as long as short
Orderly PERP_PENGU_USDC	+0.0099%	4h	0.008741	−0.069%	$23K	$160K	20x	as long as short
Nado PENGU-PERP	+0.0100%	1h	0.008731	−0.183%	$585K	$1.0M	5x	as long as short
Hyperliquid PENGU	+0.0100%	1h	0.008731	−0.183%	$8.1M	$14.6M	5x	as long as short
Aster PENGUUSDT	+0.0100%	4h	0.008732	−0.169%	$121K	$579K	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	0.008734	−0.149%	$154K	$243K	5x	as long as short
Binance PENGUUSDT	+0.0100%	4h	0.008735	−0.135%	$36.4M	$160.7M	75x	as long as short
Bybit PENGUUSDT	+0.0100%	4h	0.008731	−0.183%	$23.1M	$39.0M	75x	as long as short
OKX PENGU-USDT-SWAP	+0.0100%	4h	0.008730	−0.194%	$7.3M	$46.5M	50x	as long as short
Arcus PENGU-USD	+0.0100%	1h	0.008740	−0.080%	$19K	$24K	5x	as long as short
MEXC PENGU_USDT	+0.0100%	4h	0.008733	−0.160%	$11.3M	$12.4M	125x	as long as short
KuCoin PENGUUSDTM	+0.0100%	4h	0.008734	−0.149%	$4.8M	$9.1M	75x	as long as short
Bitget PENGUUSDT	+0.0100%	4h	0.008737	−0.114%	$8.2M	$12.4M	75x	as long as short
BingX PENGU-USDT	+0.0100%	4h	0.008734	−0.149%	—	$3.6M	—	as long as short
Backpack PENGU_USDC_PERP	+0.0100%	1h	0.008728	−0.217%	$298K	$293K	10x	as long as short
Variational Omni PENGU	+0.0100%	4h	0.008756	+0.101%	$869K	$985K	—	as long as short
GRVT PENGU_USDT_Perp	+0.0100%	4h	0.008742	−0.057%	$466K	$2.1M	10x	as long as short
ApeX Omni PENGUUSDTlong	+0.0100%	1h	0.008747	long leg	$80K	$242K	50x
SunX PENGU-USDT	+0.0100%	4h	0.008948	+2.298%	$3K	$2.0M	10x	as long as short
SoDEX PENGU-USD	+0.0100%	1h	0.008739	−0.091%	$1K	$5K	5x	as long as short
HTX PENGU-USDT	+0.0100%	4h	0.008751	+0.046%	$91K	$352K	25x	as long as short
Extended PENGU-USD	+0.0104%	1h	0.008734	−0.150%	$184K	$942K	10x	as long as short
Aevo PENGU-PERP	+0.0104%	1h	0.008730	−0.194%	$202K	—	3x	as long as short
dYdX PENGU-USD	+0.0228%	1h	0.008737	−0.111%	$12K	$4K	5x	as long as short
Reya PENGURUSDPERP	+0.0239%	1h	0.008731	−0.188%	$295	—	10x	as long as short
BloFin PENGU-USDT	+0.0340%	4h	0.008746	−0.011%	$1.5M	$3.5M	75x	as long as short
GMX PENGU/USD [WBTC.b-USDC]	L +0.0554% / S −0.0662%	1h	0.008742	−0.057%	$131K	—	100x	as long as short
Kraken Futures PF_PENGUUSD	+0.0650%	1h	0.008745	−0.027%	$347K	$2.4M	50x	as long as short
Coinbase International PENGU-PERP-INTXshort	+0.2296%	1h	0.008967	+2.515%	$95K	$90K	50x