Funding arb · Price arb /

PENGU

all PENGU markets

Swap Backtest

Alert: funding

Alert: spread

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

Price spread now: SoDEX against Aster−0.103%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Aster Short on SoDEX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropAster: Stage 5 · farm boardneeds both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: SoDEX is 0.103% cheaper against Aster than usual: you would sell low and buy high, −$10 on $10k if it goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster PENGUUSDT	0.008752	0.0100	pay 0.0050% / 4h	22m 13s	$188K	$470K	20x
Short	SoDEX PENGU-USD	0.008743	0.0100	get 0.0013% / 1h	22m 13s	$1K	$5K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SoDEX 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 SoDEXbpOrdersPrice spread, now −0.103%Rate

Funding earned: $0
Price spread: −0.103% → 0.000%: −$10.34
Slippage, 4 orders: no order book: not counted
Fee Aster: 4 bp × 2 orders: −$8
Fee SoDEX: 4 bp × 2 orders: −$8
Net: −$26.34
Costs to cover: 0.160%
Break-even: never at this rate

Slippage unknown: Aster: live order book, 55 min ago; SoDEX: no order-book sample. Net counts fees only.

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, 55 min ago	5.12 bp	12.1 bp −$12	doesn't fit	doesn't fit	doesn't fit
Sell SoDEX no order-book sample	—	—	—	—	—

SoDEX: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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
Kraken Futures PF_PENGUUSD	−0.0342%	1h	0.008754	+0.018%	$368K	$2.3M	50x	as long as short
Gate PENGU_USDT	−0.0292%	4h	0.008744	−0.092%	$3.4M	$15.6M	75x	as long as short
Bybit PENGUUSDT	−0.0290%	4h	0.008738	−0.161%	$22.7M	$36.8M	75x	as long as short
01 Exchange PENGUUSD	−0.0240%	1h	0.008743	−0.103%	$200	$59	5x	as long as short
Variational Omni PENGU	−0.0238%	4h	0.008725	−0.303%	$797K	$802K	—	as long as short
Backpack PENGU_USDC_PERP	−0.0171%	1h	0.008746	−0.069%	$312K	$313K	10x	as long as short
Injective PENGU/USDC PERP	−0.0114%	1h	0.008789	+0.422%	$3K	$117K	5.5x	as long as short
Deribit PENGU_USDC-PERPETUAL	−0.0093%	1h	0.008752	−0.001%	$19K	$9K	10x	as long as short
Nado PENGU-PERP	+0.0001%	1h	0.008748	−0.046%	$695K	$776K	5x	as long as short
gTrade (Gains Network) PENGU/USD	L +0.0007% / S −0.0003%	1h	0.008753	+0.008%	$33K	—	150x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
dYdX PENGU-USD	+0.0024%	1h	0.008736	−0.181%	$12K	$4K	5x	as long as short
GRVT PENGU_USDT_Perp	+0.0094%	4h	0.008747	−0.060%	$458K	$2.1M	10x	as long as short
Lighter PENGU	+0.0096%	1h	0.008748	−0.046%	$306K	$741K	8x	as long as short
Orderly PERP_PENGU_USDC	+0.0100%	4h	0.008751	−0.012%	$23K	$186K	20x	as long as short
Hyperliquid PENGU	+0.0100%	1h	0.008750	−0.023%	$8.4M	$15.3M	5x	as long as short
Aster PENGUUSDTlong	+0.0100%	4h	0.008752	long leg	$188K	$470K	20x
Pacifica PENGU	+0.0100%	1h	0.008736	−0.183%	$151K	$239K	5x	as long as short
Binance PENGUUSDT	+0.0100%	4h	0.008746	−0.069%	$36.2M	$154.9M	75x	as long as short
OKX PENGU-USDT-SWAP	+0.0100%	4h	0.008745	−0.081%	$7.5M	$47.0M	50x	as long as short
Arcus PENGU-USD	+0.0100%	1h	0.008740	−0.138%	$19K	$24K	5x	as long as short
MEXC PENGU_USDT	+0.0100%	4h	0.008747	−0.058%	$12.3M	$12.6M	125x	as long as short
KuCoin PENGUUSDTM	+0.0100%	4h	0.008751	−0.012%	$4.7M	$9.0M	75x	as long as short
Bitget PENGUUSDT	+0.0100%	4h	0.008753	+0.011%	$8.3M	$12.6M	75x	as long as short
BingX PENGU-USDT	+0.0100%	4h	0.008744	−0.092%	—	$3.9M	—	as long as short
ApeX Omni PENGUUSDT	+0.0100%	1h	0.008734	−0.206%	$80K	$254K	50x	as long as short
SunX PENGU-USDT	+0.0100%	4h	0.008958	+2.353%	$2K	$2.1M	10x	as long as short
SoDEX PENGU-USDshort	+0.0100%	1h	0.008743	−0.103%	$1K	$5K	5x
HTX PENGU-USDT	+0.0100%	4h	0.008744	−0.092%	$91K	$249K	25x	as long as short
Extended PENGU-USD	+0.0104%	1h	0.008744	−0.091%	$180K	$622K	10x	as long as short
Aevo PENGU-PERP	+0.0104%	1h	0.008745	−0.081%	$202K	$17K	3x	as long as short
Reya PENGURUSDPERP	+0.0238%	1h	0.008746	−0.074%	$295	—	10x	as long as short
BloFin PENGU-USDT	+0.0340%	4h	0.008741	−0.126%	$1.5M	$2.8M	75x	as long as short
GMX PENGU/USD [WBTC.b-USDC]	L +0.0496% / S −0.0683%	1h	0.008753	+0.011%	$110K	—	100x	as long as short
Coinbase International PENGU-PERP-INTX	+0.2688%	1h	0.008724	−0.320%	$93K	$103K	50x	as long as short