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

PENGU

all PENGU markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 06:00 UTC+0.0257%/8h= +28.1% APRnext payment +$0.32 per $10,000 · paid last 24h +0.021%
Price spread now: 01 Exchange against gTrade (Gains Network)+0.082%7-day average · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
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 daysno price history on both exchanges yet
Together, before feesneeds both histories
Both sides work for this trade now. Funding pays +$8 a day on $10k at the current rate, and 01 Exchange is 0.082% dearer against gTrade (Gains Network) than usual: you sell high and buy low: +$8 more if the spread goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LonggTrade (Gains Network) PENGU/USD0.009097L +0.0007% / S −0.0003%pay 0.0001% / 1h4m 57s$33K150x
Short01 Exchange PENGUUSD0.0091040.0264get 0.0033% / 1h4m 57s$208$645x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

01 Exchange against gTrade (Gains Network). 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
$53.96
Price spread: +0.082% → 0.000%
$8.2
Slippage, 4 orders
no order book: not counted
Fee gTrade (Gains Network): 5 bp × 2 orders
−$10
Fee 01 Exchange: 3.5 bp × 2 orders
−$7
Net
$45.16
Costs to cover
0.170%
Break-even
1.1 days
Slippage unknown: gTrade (Gains Network): no order-book sample; 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
LegHalf-spread$10k$100k$1M$5M
Buy gTrade (Gains Network) no order-book sample
Sell 01 Exchange no order-book sample
gTrade (Gains Network) and 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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
gTrade (Gains Network) PENGU/USDlongL +0.0007% / S −0.0003%1h0.009097long leg$33K150x
Injective PENGU/USDC PERP+0.0033%1h0.008789−3.381%$3K$117K5.5xas long as short
Lighter PENGU+0.0096%1h0.009114+0.192%$335K$759K8xas long as short
Nado PENGU-PERP+0.0100%1h0.009092−0.047%$638K$1.1M5xas long as short
Hyperliquid PENGU+0.0100%1h0.009127+0.335%$9.4M$15.8M5xas long as short
Aster PENGUUSDT+0.0100%4h0.009096−0.009%$121K$691K20xas long as short
Pacifica PENGU+0.0100%1h0.009084−0.138%$139K$285K5xas long as short
Binance PENGUUSDT+0.0100%4h0.009096−0.006%$39.7M$183.9M75xas long as short
Bybit PENGUUSDT+0.0100%4h0.009082−0.160%$24.1M$43.2M75xas long as short
OKX PENGU-USDT-SWAP+0.0100%4h0.009086−0.116%$8.0M$53.9M50xas long as short
Show all 34 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Arcus PENGU-USD+0.0100%1h0.009090−0.072%$18K$26K5xas long as short
Gate PENGU_USDT+0.0100%4h0.009096−0.006%$3.4M$17.0M75xas long as short
MEXC PENGU_USDT+0.0100%4h0.009103+0.071%$11.0M$12.8M125xas long as short
KuCoin PENGUUSDTM+0.0100%4h0.009103+0.071%$5.3M$9.9M75xas long as short
Bitget PENGUUSDT+0.0100%4h0.009105+0.093%$8.7M$13.7M75xas long as short
BingX PENGU-USDT+0.0100%4h0.009093−0.039%$3.8Mas long as short
Backpack PENGU_USDC_PERP+0.0100%1h0.009110+0.148%$298K$359K10xas long as short
Variational Omni PENGU+0.0100%4h0.009068−0.315%$924K$1.1Mas long as short
GRVT PENGU_USDT_Perp+0.0100%4h0.009091−0.064%$481K$2.2M10xas long as short
ApeX Omni PENGUUSDT+0.0100%1h0.009100+0.038%$82K$250K50xas long as short
Orderly PERP_PENGU_USDC+0.0100%4h0.009097+0.005%$23K$188K20xas long as short
SunX PENGU-USDT+0.0100%4h0.009322+2.479%$3K$2.2M10xas long as short
SoDEX PENGU-USD+0.0100%1h0.009104+0.082%$1K$5K5xas long as short
HTX PENGU-USDT+0.0100%4h0.009116+0.214%$94K$401K25xas long as short
Extended PENGU-USD+0.0104%1h0.009098+0.018%$187K$841K10xas long as short
Aevo PENGU-PERP+0.0104%1h0.009101+0.049%$210K3xas long as short
Reya PENGURUSDPERP+0.0240%1h0.009091−0.064%$30710xas long as short
01 Exchange PENGUUSDshort+0.0264%1h0.009104+0.082%$208$645x
dYdX PENGU-USD+0.0276%1h0.009079−0.193%$12K$6K5xas long as short
Deribit PENGU_USDC-PERPETUAL+0.0300%1h0.009102+0.060%$1K$29K10xas long as short
Kraken Futures PF_PENGUUSD+0.0310%1h0.009116+0.219%$340K$2.5M50xas long as short
BloFin PENGU-USDT+0.0340%4h0.009105+0.093%$1.5M$4.9M75xas long as short
GMX PENGU/USD [WBTC.b-USDC]L +0.0390% / S −0.0291%1h0.009097+0.005%$92K100xas long as short
Coinbase International PENGU-PERP-INTX+0.1752%1h0.009185+0.972%$81K$80K50xas long as short