Funding arb · Price arb /

PENGU

all PENGU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0260%/8h= +28.5% APRpaid last 24h −0.001%

Price spread now: 01 Exchange against BingX+0.055%7-day average — · you sell dearer than you buy

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

Long on BingX Short on 01 Exchange

What this pair did over the last

the charts below follow

Funding, last 4 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

Both sides work for this trade now. Funding pays +$8 a day on $10k at the current rate, and 01 Exchange is 0.055% dearer against BingX than usual: you sell high and buy low: +$6 more if the spread 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	BingX PENGU-USDT	0.009064	0.0100	pay 0.0050% / 4h	3h 34m	—	$3.8M	—
Short	01 Exchange PENGUUSD	0.009069	0.0360	get 0.0045% / 1h	34m 35s	$207	$41	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

01 Exchange against BingX. 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 BingXbpFee 01 ExchangebpOrdersPrice spread, now +0.055%Rate

Funding earned: $54.6
Price spread: +0.055% → 0.000%: $5.52
Slippage, 4 orders: no order book: not counted
Fee BingX: 5 bp × 2 orders: −$10
Fee 01 Exchange: 3.5 bp × 2 orders: −$7
Net: $43.12
Costs to cover: 0.170%
Break-even: 1.5 days

Slippage unknown: BingX: live order book, 15 min ago; 01 Exchange: 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 BingX live order book, 15 min ago	0.55 bp	11.0 bp −$11	14.5 bp −$145	53.7 bp −$5,367	370.5 bp −$185.3K
Sell 01 Exchange no order-book sample	—	—	—	—	—

01 Exchange: 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
Gate PENGU_USDT	−0.0216%	4h	0.009056	−0.088%	$3.7M	$17.8M	75x	as long as short
Deribit PENGU_USDC-PERPETUAL	0.0000%	1h	0.009074	+0.110%	$1K	$29K	10x	as long as short
gTrade (Gains Network) PENGU/USD	L +0.0007% / S −0.0003%	1h	0.009085	+0.234%	$33K	—	150x	as long as short
Injective PENGU/USDC PERP	+0.0033%	1h	0.008789	−3.034%	$3K	$117K	5.5x	as long as short
Lighter PENGU	+0.0096%	1h	0.009079	+0.165%	$330K	$756K	8x	as long as short
Nado PENGU-PERP	+0.0100%	1h	0.009096	+0.353%	$647K	$1.1M	5x	as long as short
Hyperliquid PENGU	+0.0100%	1h	0.009082	+0.199%	$9.3M	$16.8M	5x	as long as short
Aster PENGUUSDT	+0.0100%	4h	0.009068	+0.045%	$132K	$761K	20x	as long as short
Pacifica PENGU	+0.0100%	1h	0.009071	+0.077%	$137K	$274K	5x	as long as short
Binance PENGUUSDT	+0.0100%	4h	0.009067	+0.028%	$40.1M	$196.7M	75x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit PENGUUSDT	+0.0100%	4h	0.009058	−0.066%	$24.5M	$46.9M	75x	as long as short
OKX PENGU-USDT-SWAP	+0.0100%	4h	0.009059	−0.055%	$8.2M	$58.0M	50x	as long as short
Arcus PENGU-USD	+0.0100%	1h	0.009070	+0.066%	$18K	$26K	5x	as long as short
MEXC PENGU_USDT	+0.0100%	4h	0.009072	+0.088%	$11.5M	$13.0M	125x	as long as short
KuCoin PENGUUSDTM	+0.0100%	4h	0.009067	+0.033%	$5.1M	$10.5M	75x	as long as short
Bitget PENGUUSDT	+0.0100%	4h	0.009068	+0.044%	$8.8M	$15.1M	75x	as long as short
BingX PENGU-USDTlong	+0.0100%	4h	0.009064	long leg	—	$3.8M	—
Backpack PENGU_USDC_PERP	+0.0100%	1h	0.009068	+0.044%	$315K	$388K	10x	as long as short
Variational Omni PENGU	+0.0100%	4h	0.009099	+0.386%	$940K	$1.2M	—	as long as short
GRVT PENGU_USDT_Perp	+0.0100%	4h	0.009097	+0.364%	$474K	$2.1M	10x	as long as short
ApeX Omni PENGUUSDT	+0.0100%	1h	0.009132	+0.750%	$80K	$252K	50x	as long as short
Orderly PERP_PENGU_USDC	+0.0100%	4h	0.009075	+0.121%	$23K	$327K	20x	as long as short
SunX PENGU-USDT	+0.0100%	4h	0.009314	+2.758%	$3K	$2.2M	10x	as long as short
SoDEX PENGU-USD	+0.0100%	1h	0.009072	+0.088%	$1K	$5K	5x	as long as short
HTX PENGU-USDT	+0.0100%	4h	0.009086	+0.243%	$94K	$414K	25x	as long as short
Extended PENGU-USD	+0.0104%	1h	0.009060	−0.045%	$189K	$744K	10x	as long as short
Aevo PENGU-PERP	+0.0104%	1h	0.009071	+0.077%	$210K	—	3x	as long as short
Reya PENGURUSDPERP	+0.0241%	1h	0.009067	+0.036%	$306	—	10x	as long as short
BloFin PENGU-USDT	+0.0340%	4h	0.009090	+0.287%	$1.6M	$5.3M	75x	as long as short
01 Exchange PENGUUSDshort	+0.0360%	1h	0.009069	+0.055%	$207	$41	5x
Kraken Futures PF_PENGUUSD	+0.0380%	1h	0.009074	+0.111%	$337K	$2.7M	50x	as long as short
GMX PENGU/USD [WBTC.b-USDC]	L +0.0431% / S −0.0351%	1h	0.009072	+0.088%	$104K	—	100x	as long as short
Coinbase International PENGU-PERP-INTX	+0.2088%	1h	0.009211	+1.622%	$81K	$73K	50x	as long as short
dYdX PENGU-USD	+0.2428%	1h	0.009064	−0.003%	$20K	$16K	5x	as long as short