PENGU

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0004%/8h= −0.4% APRnext payment −$0.01 per $10,000 · paid last 24h −0.001%

Price spread now: Lighter against ApeX Omni+0.329%7-day average +0.001% · you sell dearer than you buy

Net, funding: paid 7d − costs−$46as in the Funding arb table

Net, price: spread back to 7d avg − costs−$13as in the Price arb table

costs, in and out, $10k−$460.459% of the position

Long on ApeX Omni Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days0.000%$0 on $10k

Price spread, last 4 days (all we have)−0.350%−$35 · spread now +0.329%, 7d avg +0.001%

Together, before fees−0.350%+ Points / potential airdropLighter: Season 3 · farm board−$35 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: Lighter is 0.327% dearer against ApeX Omni than usual: you sell high and buy low, +$33 on $10k if it goes back to its 7-day average of +0.001%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	ApeX Omni PENGUUSDT	0.009125	0.0100	pay 0.0013% / 1h	47m 29s	$80K	$251K	50x
Short	Lighter PENGU	0.009155	0.0096	get 0.0012% / 1h	47m 29s	$329K	$766K	8x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter 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 LighterbpOrdersPrice spread, now +0.329%Rate

Funding earned: −$0.84
Price spread: +0.329% → +0.001%: $32.74
Slippage, 4 orders: −$35.91
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee Lighter: 0 bp × 2 orders: $0
Net: −$14.02
Costs to cover: 0.459%
Break-even: never at this rate

Slippage from ApeX Omni: live order book, 59 min ago; Lighter: live order book, 57 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, 59 min ago	5.11 bp	13.1 bp −$13	103.8 bp −$1,038	doesn't fit	doesn't fit
Sell Lighter live order book, 57 min ago	1.70 bp	8.0 bp −$8	73.4 bp −$734	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
gTrade (Gains Network) PENGU/USD	L +0.0007% / S −0.0003%	1h	0.009108	−0.182%	$34K	—	150x	as long as short
Injective PENGU/USDC PERP	+0.0033%	1h	0.008789	−3.682%	$3K	$117K	5.5x	as long as short
Lighter PENGUshort	+0.0096%	1h	0.009155	+0.329%	$329K	$766K	8x
Nado PENGU-PERP	+0.0100%	1h	0.009153	+0.307%	$642K	$1.1M	5x	as long as short
Aster PENGUUSDT	+0.0100%	4h	0.009119	−0.065%	$122K	$702K	20x	as long as short
Pacifica PENGU	+0.0100%	1h	0.009143	+0.197%	$140K	$291K	5x	as long as short
Binance PENGUUSDT	+0.0100%	4h	0.009113	−0.132%	$39.7M	$187.2M	75x	as long as short
Bybit PENGUUSDT	+0.0100%	4h	0.009104	−0.230%	$24.1M	$43.9M	75x	as long as short
OKX PENGU-USDT-SWAP	+0.0100%	4h	0.009104	−0.230%	$8.1M	$54.6M	50x	as long as short
Arcus PENGU-USD	+0.0100%	1h	0.009130	+0.055%	$18K	$26K	5x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate PENGU_USDT	+0.0100%	4h	0.009110	−0.164%	$3.5M	$17.0M	75x	as long as short
MEXC PENGU_USDT	+0.0100%	4h	0.009118	−0.077%	$11.5M	$12.7M	125x	as long as short
KuCoin PENGUUSDTM	+0.0100%	4h	0.009126	+0.011%	$5.3M	$9.9M	75x	as long as short
Bitget PENGUUSDT	+0.0100%	4h	0.009125	0.000%	$8.7M	$13.8M	75x	as long as short
BingX PENGU-USDC	+0.0100%	4h	0.009109	−0.175%	—	$2.3M	—	as long as short
Backpack PENGU_USDC_PERP	+0.0100%	1h	0.009155	+0.329%	$315K	$361K	10x	as long as short
Variational Omni PENGU	+0.0100%	4h	0.009134	+0.099%	$931K	$1.1M	—	as long as short
GRVT PENGU_USDT_Perp	+0.0100%	4h	0.009155	+0.332%	$484K	$2.1M	10x	as long as short
ApeX Omni PENGUUSDTlong	+0.0100%	1h	0.009125	long leg	$80K	$251K	50x
Orderly PERP_PENGU_USDC	+0.0100%	4h	0.009109	−0.175%	$23K	$204K	20x	as long as short
SunX PENGU-USDT	+0.0100%	4h	0.009370	+2.685%	$3K	$2.2M	10x	as long as short
SoDEX PENGU-USD	+0.0100%	1h	0.009154	+0.318%	$1K	$5K	5x	as long as short
HTX PENGU-USDT	+0.0100%	4h	0.009157	+0.351%	$95K	$401K	25x	as long as short
Extended PENGU-USD	+0.0104%	1h	0.009129	+0.049%	$190K	$847K	10x	as long as short
Aevo PENGU-PERP	+0.0104%	1h	0.009154	+0.318%	$211K	—	3x	as long as short
Deribit PENGU_USDC-PERPETUAL	+0.0187%	1h	0.009161	+0.395%	$1K	$29K	10x	as long as short
Reya PENGURUSDPERP	+0.0240%	1h	0.009112	−0.140%	$308	—	10x	as long as short
BloFin PENGU-USDT	+0.0340%	4h	0.009133	+0.088%	$1.6M	$4.9M	75x	as long as short
01 Exchange PENGUUSD	+0.0368%	1h	0.009137	+0.132%	$209	$64	5x	as long as short
GMX PENGU/USD [WBTC.b-USDC]	L +0.0445% / S −0.0368%	1h	0.009108	−0.186%	$108K	—	100x	as long as short
Hyperliquid PENGU	+0.0524%	1h	0.009129	+0.044%	$9.4M	$16.1M	5x	as long as short
Kraken Futures PF_PENGUUSD	+0.0666%	1h	0.009166	+0.450%	$342K	$2.5M	50x	as long as short
dYdX PENGU-USD	+0.0832%	1h	0.009148	+0.256%	$12K	$6K	5x	as long as short
Coinbase International PENGU-PERP-INTX	+0.1664%	1h	0.009194	+0.756%	$81K	$69K	50x	as long as short