Settings8H · net · $10k
Funding arb · Price arb /

PENGU

all PENGU markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 07:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.014%
Price spread now: HTX against Backpack+0.121%7-day average +0.292% · you sell dearer than you buy
Net, funding: paid 7d − costs−$147as in the Funding arb table
Net, price: spread back to 7d avg − costs−$194as in the Price arb table
costs, in and out, $10k−$1771.769% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.297%+$30 on $10k
Price spread, last 4 days (all we have)+0.148%+$15 · spread now +0.121%, 7d avg +0.292%
Together, before fees+0.445%+$45 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 0.171% cheaper against Backpack than usual: you would sell low and buy high, −$17 on $10k if it goes back to its 7-day average of +0.292%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBackpack PENGU_USDC_PERP0.0090950.0100pay 0.0013% / 1h55m 49s$313K$376K10x
ShortHTX PENGU-USDT0.0091060.0100get 0.0050% / 4h1h 55m$94K$401K25x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

HTX against Backpack. 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

Funding earned
$0
Price spread: +0.121% → +0.292%
−$17.14
Slippage, 4 orders
−$154.92
Fee Backpack: 5 bp × 2 orders
−$10
Fee HTX: 6 bp × 2 orders
−$12
Net
−$194.06
Costs to cover
1.769%
Break-even
never at this rate
Slippage from Backpack: live order book, 53 min ago; HTX: live order book, 52 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Backpack live order book, 53 min ago0.57 bp12.0 bp −$12doesn't fitdoesn't fitdoesn't fit
Sell HTX live order book, 52 min ago5.09 bp142.2 bp −$142doesn't fitdoesn't fitdoesn't fit

PENGU on 34 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
gTrade (Gains Network) PENGU/USDL +0.0007% / S −0.0003%1h0.009092−0.031%$33K150xas long as short
Injective PENGU/USDC PERP+0.0033%1h0.008789−3.364%$3K$117K5.5xas long as short
Lighter PENGU+0.0096%1h0.009100+0.055%$334K$758K8xas long as short
Nado PENGU-PERP+0.0100%1h0.009095+0.003%$640K$1.1M5xas long as short
Aster PENGUUSDT+0.0100%4h0.009092−0.029%$121K$691K20xas long as short
Pacifica PENGU+0.0100%1h0.009096+0.011%$139K$289K5xas long as short
Binance PENGUUSDT+0.0100%4h0.009098+0.033%$39.6M$185.2M75xas long as short
Bybit PENGUUSDT+0.0100%4h0.009087−0.088%$24.1M$43.4M75xas long as short
OKX PENGU-USDT-SWAP+0.0100%4h0.009093−0.022%$8.1M$54.4M50xas long as short
Arcus PENGU-USD+0.0100%1h0.009100+0.055%$18K$26K5xas long as short
Show all 34 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Gate PENGU_USDT+0.0100%4h0.009097+0.022%$3.4M$16.9M75xas long as short
MEXC PENGU_USDT+0.0100%4h0.009101+0.066%$11.1M$12.6M125xas long as short
KuCoin PENGUUSDTM+0.0100%4h0.009099+0.044%$5.3M$9.9M75xas long as short
Bitget PENGUUSDT+0.0100%4h0.009099+0.044%$8.7M$13.8M75xas long as short
BingX PENGU-USDC+0.0100%4h0.009087−0.088%$2.3Mas long as short
Backpack PENGU_USDC_PERPlong+0.0100%1h0.009095long leg$313K$376K10x
Variational Omni PENGU+0.0100%4h0.009082−0.144%$927K$1.1Mas long as short
GRVT PENGU_USDT_Perp+0.0100%4h0.009084−0.120%$481K$2.1M10xas long as short
ApeX Omni PENGUUSDT+0.0100%1h0.009082−0.143%$82K$250K50xas long as short
Orderly PERP_PENGU_USDC+0.0100%4h0.009097+0.022%$23K$195K20xas long as short
SunX PENGU-USDT+0.0100%4h0.009310+2.364%$3K$2.2M10xas long as short
SoDEX PENGU-USD+0.0100%1h0.009093−0.022%$1K$5K5xas long as short
HTX PENGU-USDTshort+0.0100%4h0.009106+0.121%$94K$401K25x
Extended PENGU-USD+0.0104%1h0.009094−0.014%$188K$841K10xas long as short
Aevo PENGU-PERP+0.0104%1h0.009092−0.033%$210K3xas long as short
Reya PENGURUSDPERP+0.0240%1h0.009095−0.003%$30710xas long as short
Deribit PENGU_USDC-PERPETUAL+0.0300%1h0.009100+0.055%$1K$29K10xas long as short
BloFin PENGU-USDT+0.0340%4h0.009113+0.198%$1.6M$4.9M75xas long as short
01 Exchange PENGUUSD+0.0384%1h0.009102+0.077%$208$645xas long as short
GMX PENGU/USD [WBTC.b-USDC]L +0.0391% / S −0.0291%1h0.009091−0.044%$92K100xas long as short
dYdX PENGU-USD+0.0506%1h0.009095+0.002%$12K$6K5xas long as short
Hyperliquid PENGU+0.0620%1h0.009110+0.165%$9.4M$15.9M5xas long as short
Kraken Futures PF_PENGUUSD+0.0670%1h0.009102+0.078%$340K$2.5M50xas long as short
Coinbase International PENGU-PERP-INTX+0.1664%1h0.009185+0.990%$81K$69K50xas long as short