Funding arb · Price arb /

PENGU

all PENGU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: HTX against ApeX Omni−0.183%76s7-day average +0.238% · you buy dearer than you sell

Net, funding: paid 7d − costs−$83as 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−$1051.053% of the position

Long on ApeX Omni Short on HTX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.226%+$23 on $10k

Price spread, last 4 days (all we have)+0.475%+$47 · spread now −0.183%, 7d avg +0.238%

Together, before fees+0.701%+$70 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: HTX is 0.420% cheaper against ApeX Omni than usual: you would sell low and buy high, −$42 on $10k if it goes back to its 7-day average of +0.238%. The two prices were read 76 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	ApeX Omni PENGUUSDT	0.008767	0.0100	pay 0.0013% / 1h	27m 34s	$80K	$243K	50x
Short	HTX PENGU-USDT	0.008751	0.0100	get 0.0050% / 4h	1h 27m	$90K	$351K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX 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 HTXbpOrdersPrice spread, now −0.183%Rate

Funding earned: $0
Price spread: −0.183% → +0.238%: −$42.02
Slippage, 4 orders: −$83.34
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee HTX: 6 bp × 2 orders: −$12
Net: −$147.36
Costs to cover: 1.053%
Break-even: never at this rate

Slippage from ApeX Omni: live order book, 34 min ago; HTX: live order book, 35 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, 34 min ago	7.39 bp	15.3 bp −$15	106.7 bp −$1,067	doesn't fit	doesn't fit
Sell HTX live order book, 35 min ago	14.73 bp	24.0 bp −$24	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
01 Exchange PENGUUSD	−0.0056%	1h	0.008723	−0.502%	$200	$64	5x	as long as short
Gate PENGU_USDT	−0.0014%	4h	0.008724	−0.490%	$3.3M	$15.6M	75x	as long as short
Deribit PENGU_USDC-PERPETUAL	0.0000%	1h	0.008731	−0.411%	$18K	$10K	10x	as long as short
gTrade (Gains Network) PENGU/USD	L +0.0007% / S −0.0003%	1h	0.008738	−0.329%	$32K	—	150x	as long as short
Injective PENGU/USDC PERP	+0.0033%	1h	0.008789	+0.251%	$3K	$117K	5.5x	as long as short
Lighter PENGU	+0.0096%	1h	0.008734	−0.376%	$310K	$709K	8x	as long as short
Orderly PERP_PENGU_USDC	+0.0099%	4h	0.008733	−0.388%	$22K	$166K	20x	as long as short
Nado PENGU-PERP	+0.0100%	1h	0.008727	−0.456%	$585K	$1.0M	5x	as long as short
Hyperliquid PENGU	+0.0100%	1h	0.008732	−0.399%	$8.1M	$14.7M	5x	as long as short
Aster PENGUUSDT	+0.0100%	4h	0.008730	−0.428%	$121K	$578K	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	0.008729	−0.433%	$154K	$243K	5x	as long as short
Binance PENGUUSDT	+0.0100%	4h	0.008730	−0.422%	$36.5M	$160.1M	75x	as long as short
Bybit PENGUUSDT	+0.0100%	4h	0.008720	−0.536%	$23.0M	$38.8M	75x	as long as short
OKX PENGU-USDT-SWAP	+0.0100%	4h	0.008724	−0.490%	$7.5M	$46.2M	50x	as long as short
Arcus PENGU-USD	+0.0100%	1h	0.008730	−0.422%	$19K	$24K	5x	as long as short
MEXC PENGU_USDT	+0.0100%	4h	0.008731	−0.411%	$11.4M	$12.4M	125x	as long as short
KuCoin PENGUUSDTM	+0.0100%	4h	0.008730	−0.422%	$4.8M	$9.1M	75x	as long as short
Bitget PENGUUSDT	+0.0100%	4h	0.008731	−0.411%	$8.2M	$12.4M	75x	as long as short
BingX PENGU-USDT	+0.0100%	4h	0.008725	−0.479%	—	$3.6M	—	as long as short
Backpack PENGU_USDC_PERP	+0.0100%	1h	0.008728	−0.445%	$299K	$274K	10x	as long as short
Variational Omni PENGU	+0.0100%	4h	0.008753	−0.163%	$870K	$985K	—	as long as short
GRVT PENGU_USDT_Perp	+0.0100%	4h	0.008764	−0.029%	$457K	$2.1M	10x	as long as short
ApeX Omni PENGUUSDTlong	+0.0100%	1h	0.008767	long leg	$80K	$243K	50x
SunX PENGU-USDT	+0.0100%	4h	0.008943	+2.008%	$2K	$2.0M	10x	as long as short
SoDEX PENGU-USD	+0.0100%	1h	0.008731	−0.411%	$1K	$5K	5x	as long as short
HTX PENGU-USDTshort	+0.0100%	4h	0.008751	−0.183%	$90K	$351K	25x
Extended PENGU-USD	+0.0104%	1h	0.008724	−0.489%	$180K	$941K	10x	as long as short
Aevo PENGU-PERP	+0.0104%	1h	0.008721	−0.525%	$201K	—	3x	as long as short
dYdX PENGU-USD	+0.0212%	1h	0.008728	−0.441%	$12K	$4K	5x	as long as short
Reya PENGURUSDPERP	+0.0239%	1h	0.008733	−0.389%	$295	—	10x	as long as short
BloFin PENGU-USDT	+0.0340%	4h	0.008735	−0.365%	$1.5M	$3.3M	75x	as long as short
GMX PENGU/USD [WBTC.b-USDC]	L +0.0554% / S −0.0662%	1h	0.008739	−0.319%	$131K	—	100x	as long as short
Kraken Futures PF_PENGUUSD	+0.0651%	1h	0.008737	−0.339%	$351K	$2.3M	50x	as long as short
Coinbase International PENGU-PERP-INTX	+0.2296%	1h	0.008967	+2.281%	$95K	$94K	50x	as long as short