Funding arb · Price arb /

PENGU

all PENGU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Aevo against Extended−0.231%7-day average +0.021% · you buy dearer than you sell

Net, funding: paid 7d − costs−$88as in the Funding arb table

Net, price: spread back to 7d avg − costs−$115as in the Price arb table

costs, in and out, $10k−$900.900% of the position

Long on Extended Short on Aevo

What this pair did over the last

the charts below follow

Funding, last 7 days+0.018%+$2 on $10k

Price spread, last 4 days (all we have)+0.273%+$27 · spread now −0.231%, 7d avg +0.021%

Together, before fees+0.291%+ Points / potential airdropExtended: Active · farm board+$29 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: Aevo is 0.253% cheaper against Extended than usual: you would sell low and buy high, −$25 on $10k if it goes back to its 7-day average of +0.021%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended PENGU-USD	0.008757	0.0104	pay 0.0013% / 1h	11m 26s	$184K	$945K	10x
Short	Aevo PENGU-PERP	0.008737	0.0104	get 0.0013% / 1h	11m 26s	$202K	—	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aevo against Extended. 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 ExtendedbpFee AevobpOrdersPrice spread, now −0.231%Rate

Funding earned: $0
Price spread: −0.231% → +0.021%: −$25.27
Slippage, 4 orders: −$69
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Aevo: 8 bp × 2 orders: −$16
Net: −$115.27
Costs to cover: 0.900%
Break-even: never at this rate

Slippage from Extended: live order book, 52 min ago; Aevo: live order book, 52 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 Extended live order book, 52 min ago	1.70 bp	10.9 bp −$11	100.0 bp −$1,000	doesn't fit	doesn't fit
Sell Aevo live order book, 52 min ago	11.36 bp	21.9 bp −$22	197.5 bp −$1,975	doesn't fit	doesn't fit

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
Deribit PENGU_USDC-PERPETUAL	−0.0093%	1h	0.008743	−0.163%	$18K	$10K	10x	as long as short
01 Exchange PENGUUSD	−0.0032%	1h	0.008774	+0.191%	$201	$64	5x	as long as short
gTrade (Gains Network) PENGU/USD	L +0.0007% / S −0.0003%	1h	0.008774	+0.196%	$32K	—	150x	as long as short
Gate PENGU_USDT	+0.0016%	4h	0.008767	+0.111%	$3.3M	$15.7M	75x	as long as short
Injective PENGU/USDC PERP	+0.0033%	1h	0.008789	+0.362%	$3K	$117K	5.5x	as long as short
Lighter PENGU	+0.0096%	1h	0.008762	+0.054%	$312K	$712K	8x	as long as short
Orderly PERP_PENGU_USDC	+0.0099%	4h	0.008778	+0.237%	$23K	$164K	20x	as long as short
Hyperliquid PENGU	+0.0100%	1h	0.008771	+0.157%	$8.2M	$14.7M	5x	as long as short
Aster PENGUUSDT	+0.0100%	4h	0.008762	+0.057%	$121K	$579K	20x	as long as short
Pacifica PENGU	+0.0100%	1h	0.008760	+0.031%	$154K	$243K	5x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance PENGUUSDT	+0.0100%	4h	0.008773	+0.182%	$36.6M	$160.6M	75x	as long as short
Bybit PENGUUSDT	+0.0100%	4h	0.008773	+0.180%	$23.2M	$39.0M	75x	as long as short
OKX PENGU-USDT-SWAP	+0.0100%	4h	0.008777	+0.225%	$7.3M	$46.7M	50x	as long as short
Arcus PENGU-USD	+0.0100%	1h	0.008770	+0.145%	$19K	$24K	5x	as long as short
MEXC PENGU_USDT	+0.0100%	4h	0.008771	+0.157%	$11.4M	$12.4M	125x	as long as short
KuCoin PENGUUSDTM	+0.0100%	4h	0.008771	+0.157%	$4.8M	$9.1M	75x	as long as short
Bitget PENGUUSDT	+0.0100%	4h	0.008773	+0.180%	$8.3M	$12.4M	75x	as long as short
BingX PENGU-USDT	+0.0100%	4h	0.008768	+0.123%	—	$3.6M	—	as long as short
Backpack PENGU_USDC_PERP	+0.0100%	1h	0.008739	−0.209%	$298K	$293K	10x	as long as short
Variational Omni PENGU	+0.0100%	4h	0.008785	+0.314%	$873K	$985K	—	as long as short
GRVT PENGU_USDT_Perp	+0.0100%	4h	0.008744	−0.148%	$466K	$2.1M	10x	as long as short
ApeX Omni PENGUUSDT	+0.0100%	1h	0.008758	+0.008%	$80K	$243K	50x	as long as short
Nado PENGU-PERP	+0.0100%	1h	0.008768	+0.128%	$587K	$1.0M	5x	as long as short
SunX PENGU-USDT	+0.0100%	4h	0.008957	+2.281%	$3K	$2.0M	10x	as long as short
SoDEX PENGU-USD	+0.0100%	1h	0.008742	−0.174%	$1K	$5K	5x	as long as short
HTX PENGU-USDT	+0.0100%	4h	0.008760	+0.031%	$91K	$354K	25x	as long as short
Extended PENGU-USDlong	+0.0104%	1h	0.008757	long leg	$184K	$945K	10x
Aevo PENGU-PERPshort	+0.0104%	1h	0.008737	−0.231%	$202K	—	3x
dYdX PENGU-USD	+0.0227%	1h	0.008756	−0.012%	$12K	$4K	5x	as long as short
Reya PENGURUSDPERP	+0.0239%	1h	0.008766	+0.101%	$296	—	10x	as long as short
BloFin PENGU-USDT	+0.0340%	4h	0.008750	−0.083%	$1.5M	$3.5M	75x	as long as short
GMX PENGU/USD [WBTC.b-USDC]	L +0.0555% / S −0.0662%	1h	0.008770	+0.145%	$132K	—	100x	as long as short
Kraken Futures PF_PENGUUSD	+0.0650%	1h	0.008752	−0.058%	$351K	$2.3M	50x	as long as short
Coinbase International PENGU-PERP-INTX	+0.2296%	1h	0.008967	+2.395%	$95K	$90K	50x	as long as short