Funding arb · Price arb /

PENGU

all PENGU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: SoDEX against Binance−0.007%7-day average — · you buy dearer than you sell

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

Long on Binance 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—needs both histories

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance PENGUUSDT	0.009027	0.0100	pay 0.0050% / 4h	1h 29m	$39.4M	$189.0M	75x
Short	SoDEX PENGU-USD	0.009026	0.0100	get 0.0013% / 1h	29m 55s	$1K	$5K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SoDEX against Binance. 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 BinancebpFee SoDEXbpOrdersPrice spread, now −0.007%Rate

Funding earned: $0
Price spread: −0.007% → 0.000%: −$0.68
Slippage, 4 orders: no order book: not counted
Fee Binance: 5 bp × 2 orders: −$10
Fee SoDEX: 4 bp × 2 orders: −$8
Net: −$18.68
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: Binance: live order book, 13 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 Binance live order book, 13 min ago	0.55 bp	9.8 bp −$10	20.2 bp −$202	67.0 bp −$6,697	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
gTrade (Gains Network) PENGU/USD	L +0.0007% / S −0.0003%	1h	0.009024	−0.033%	$33K	—	150x	as long as short
Injective PENGU/USDC PERP	+0.0033%	1h	0.008789	−2.632%	$3K	$117K	5.5x	as long as short
Lighter PENGU	+0.0096%	1h	0.009033	+0.071%	$324K	$768K	8x	as long as short
Nado PENGU-PERP	+0.0100%	1h	0.009017	−0.101%	$635K	$1.1M	5x	as long as short
Aster PENGUUSDT	+0.0100%	4h	0.009031	+0.044%	$143K	$716K	20x	as long as short
Pacifica PENGU	+0.0100%	1h	0.009017	−0.106%	$136K	$295K	5x	as long as short
Binance PENGUUSDTlong	+0.0100%	4h	0.009027	long leg	$39.4M	$189.0M	75x
Bybit PENGUUSDT	+0.0100%	4h	0.009018	−0.095%	$23.9M	$44.1M	75x	as long as short
OKX PENGU-USDT-SWAP	+0.0100%	4h	0.009024	−0.029%	$8.0M	$54.5M	50x	as long as short
Arcus PENGU-USD	+0.0100%	1h	0.009020	−0.073%	$18K	$25K	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	0.009021	−0.062%	$3.4M	$17.2M	75x	as long as short
MEXC PENGU_USDT	+0.0100%	4h	0.009024	−0.029%	$11.0M	$12.9M	125x	as long as short
KuCoin PENGUUSDTM	+0.0100%	4h	0.009024	−0.029%	$5.0M	$10.2M	75x	as long as short
Bitget PENGUUSDT	+0.0100%	4h	0.009032	+0.060%	$8.6M	$13.9M	75x	as long as short
BingX PENGU-USDT	+0.0100%	4h	0.009023	−0.040%	—	$3.8M	—	as long as short
Backpack PENGU_USDC_PERP	+0.0100%	1h	0.009022	−0.051%	$310K	$360K	10x	as long as short
Variational Omni PENGU	+0.0100%	4h	0.009012	−0.163%	$918K	$1.1M	—	as long as short
GRVT PENGU_USDT_Perp	+0.0100%	4h	0.009017	−0.104%	$473K	$2.1M	10x	as long as short
ApeX Omni PENGUUSDT	+0.0100%	1h	0.009022	−0.051%	$79K	$252K	50x	as long as short
Orderly PERP_PENGU_USDC	+0.0100%	4h	0.009024	−0.029%	$23K	$220K	20x	as long as short
SunX PENGU-USDT	+0.0100%	4h	0.009235	+2.309%	$3K	$2.2M	10x	as long as short
SoDEX PENGU-USDshort	+0.0100%	1h	0.009026	−0.007%	$1K	$5K	5x
HTX PENGU-USDT	+0.0100%	4h	0.009032	+0.060%	$93K	$404K	25x	as long as short
Extended PENGU-USD	+0.0104%	1h	0.009020	−0.070%	$185K	$526K	10x	as long as short
Aevo PENGU-PERP	+0.0104%	1h	0.009020	−0.073%	$208K	—	3x	as long as short
Reya PENGURUSDPERP	+0.0240%	1h	0.009018	−0.098%	$305	—	10x	as long as short
Hyperliquid PENGU	+0.0294%	1h	0.009034	+0.082%	$9.0M	$16.2M	5x	as long as short
Deribit PENGU_USDC-PERPETUAL	+0.0304%	1h	0.009029	+0.026%	$1K	$29K	10x	as long as short
BloFin PENGU-USDT	+0.0340%	4h	0.009020	−0.073%	$1.6M	$4.9M	75x	as long as short
01 Exchange PENGUUSD	+0.0344%	1h	0.009021	−0.062%	$206	$64	5x	as long as short
GMX PENGU/USD [WBTC.b-USDC]	L +0.0442% / S −0.0368%	1h	0.009019	−0.084%	$106K	—	100x	as long as short
dYdX PENGU-USD	+0.0668%	1h	0.009012	−0.160%	$12K	$6K	5x	as long as short
Kraken Futures PF_PENGUUSD	+0.0675%	1h	0.009033	+0.068%	$337K	$2.5M	50x	as long as short
Coinbase International PENGU-PERP-INTX	+0.1664%	1h	0.009151	+1.378%	$81K	$69K	50x	as long as short