Funding arb · Price arb /

PENGU

all PENGU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 16:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: MEXC against Aster−0.070%7-day average −0.040% · you buy dearer than you sell

Net, funding: paid 7d − costs−$33as in the Funding arb table

Net, price: spread back to 7d avg − costs−$35as in the Price arb table

costs, in and out, $10k−$320.322% of the position

Long on Aster Short on MEXC

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)+0.045%+$5 · spread now −0.070%, 7d avg −0.040%

Together, before fees+0.041%+ Points / potential airdropAster: Stage 5 · farm board+$4 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: MEXC is 0.029% cheaper against Aster than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of −0.040%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster PENGUUSDT	0.009078	0.0100	pay 0.0050% / 4h	3h 23m	$119K	$939K	20x
Short	MEXC PENGU_USDT	0.009072	0.0100	get 0.0050% / 4h	3h 23m	$12.6M	$13.0M	125x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC against Aster. 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 AsterbpFee MEXCbpOrdersPrice spread, now −0.070%Rate

Funding earned: $0
Price spread: −0.070% → −0.040%: −$2.9
Slippage, 4 orders: −$24.25
Fee Aster: 4 bp × 2 orders: −$8
Fee MEXC: 0 bp × 2 orders: $0
Net: −$35.15
Costs to cover: 0.322%
Break-even: never at this rate

Slippage from Aster: live order book, 12 min ago; MEXC: live order book, 3 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 Aster live order book, 12 min ago	0.55 bp	4.5 bp −$5	80.8 bp −$808	doesn't fit	doesn't fit
Sell MEXC live order book, 3 min ago	0.54 bp	3.9 bp −$4	17.0 bp −$170	56.6 bp −$5,656	125.9 bp −$63.0K

PENGU on 34 exchanges

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
dYdX PENGU-USD	0.0000%	1h	0.009056	−0.250%	$20K	$21K	5x	as long as short
gTrade (Gains Network) PENGU/USD	L +0.0007% / S −0.0003%	1h	0.009042	−0.404%	$33K	—	150x	as long as short
Injective PENGU/USDC PERP	+0.0033%	1h	0.008789	−3.187%	$3K	$117K	5.5x	as long as short
Lighter PENGU	+0.0096%	1h	0.009064	−0.158%	$384K	$805K	8x	as long as short
Nado PENGU-PERP	+0.0100%	1h	0.009050	−0.309%	$644K	$1.2M	5x	as long as short
Aster PENGUUSDTlong	+0.0100%	4h	0.009078	long leg	$119K	$939K	20x
Pacifica PENGU	+0.0100%	1h	0.009061	−0.191%	$129K	$231K	5x	as long as short
Binance PENGUUSDT	+0.0100%	4h	0.009071	−0.082%	$38.8M	$212.6M	75x	as long as short
Bybit PENGUUSDT	+0.0100%	4h	0.009068	−0.114%	$24.9M	$51.9M	75x	as long as short
OKX PENGU-USDT-SWAP	+0.0100%	4h	0.009073	−0.058%	$8.4M	$60.1M	50x	as long as short

Show all 34 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Arcus PENGU-USD	+0.0100%	1h	0.009080	+0.019%	$18K	$24K	5x	as long as short
Gate PENGU_USDT	+0.0100%	4h	0.009071	−0.081%	$3.6M	$19.1M	75x	as long as short
MEXC PENGU_USDTshort	+0.0100%	4h	0.009072	−0.070%	$12.6M	$13.0M	125x
KuCoin PENGUUSDTM	+0.0100%	4h	0.009073	−0.058%	$5.1M	$10.9M	75x	as long as short
Bitget PENGUUSDT	+0.0100%	4h	0.009076	−0.025%	$8.7M	$15.3M	75x	as long as short
BingX PENGU-USDT	+0.0100%	4h	0.009071	−0.081%	—	$3.5M	—	as long as short
Backpack PENGU_USDC_PERP	+0.0100%	1h	0.009058	−0.224%	$309K	$404K	10x	as long as short
Variational Omni PENGU	+0.0100%	4h	0.009220	+1.555%	$930K	$1.2M	—	as long as short
GRVT PENGU_USDT_Perp	+0.0100%	4h	0.009255	+1.948%	$490K	$2.2M	10x	as long as short
ApeX Omni PENGUUSDT	+0.0100%	1h	0.009205	+1.396%	$81K	$246K	50x	as long as short
Orderly PERP_PENGU_USDC	+0.0100%	4h	0.009053	−0.279%	$24K	$358K	20x	as long as short
SunX PENGU-USDT	+0.0100%	4h	0.009215	+1.506%	$3K	$2.0M	10x	as long as short
SoDEX PENGU-USD	+0.0100%	1h	0.009057	−0.235%	$1K	$8K	5x	as long as short
HTX PENGU-USDT	+0.0100%	4h	0.009057	−0.235%	$90K	$403K	25x	as long as short
Extended PENGU-USD	+0.0104%	1h	0.009068	−0.117%	$184K	$1.0M	10x	as long as short
Aevo PENGU-PERP	+0.0104%	1h	0.009054	−0.268%	$209K	—	3x	as long as short
Reya PENGURUSDPERP	+0.0242%	1h	0.009036	−0.471%	$305	—	10x	as long as short
Deribit PENGU_USDC-PERPETUAL	+0.0302%	1h	0.009060	−0.202%	$1K	$27K	10x	as long as short
BloFin PENGU-USDT	+0.0340%	4h	0.009263	+2.034%	$1.6M	$6.4M	75x	as long as short
GMX PENGU/USD [WBTC.b-USDC]	L +0.0437% / S −0.0304%	1h	0.009041	−0.411%	$113K	—	100x	as long as short
01 Exchange PENGUUSD	+0.0456%	1h	0.009085	+0.074%	$208	$141	5x	as long as short
Kraken Futures PF_PENGUUSD	+0.0462%	1h	0.009068	−0.109%	$350K	$2.8M	50x	as long as short
Hyperliquid PENGU	+0.0552%	1h	0.009069	−0.103%	$10.5M	$18.8M	5x	as long as short
Coinbase International PENGU-PERP-INTX	+0.1400%	1h	0.009010	−0.752%	$78K	$100K	50x	as long as short