data as of
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Funding arb /

PENGU

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Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

Funding spread now, next payment 18:00 UTC0.0000%/8h
paid, last 24h−0.010%paid, last 7 days+0.087%to open and close $10k−$45
Long on HyperliquidShort on Bitget
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongHyperliquid PENGU0.0085830.0100pay 0.0013% / 1h0m 25s$9.5M$12.0M5x
ShortBitget PENGUUSDT0.0085790.0100get 0.0050% / 4h2h 00m$8.3M$9.8M75x

Funding history

latest
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Funding on every exchange

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latest

Profit calculator

Funding earned
$0
Slippage, 4 orders
−$23.51
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Fee Bitget: 6 bp × 2 orders
−$12
Net
−$44.51
Break-even
never at this rate
Slippage from Hyperliquid: live order book, 4 min ago; Bitget: live order book, 4 min ago.

Price risk

price view
Price gap now
−0.047%
Avg gap 7d
+0.025%
A gap far from its average can cost days of funding.

Backtest

opened in the past, held until now, after costs
Backtest 7 daysBacktest 30 daysBacktest 90 daysopens the backtester with this pair and $10,000 a leg

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Hyperliquid live order book, 4 min ago1.17 bp8.3 bp −$821.1 bp −$211doesn't fitdoesn't fit
Sell Bitget live order book, 4 min ago2.92 bp14.6 bp −$1539.2 bp −$392doesn't fitdoesn't fit

PENGU on 33 venues

lowest funding first. Swap a leg.
ExchangeFunding /8hEveryOIVol 24hMax lev
Gate PENGU_USDT−0.0138%4h$3.5M$13.0M75xas long as short
dYdX PENGU-USD0.0000%1h$11K$5K5xas long as short
Deribit PENGU_USDC-PERPETUAL0.0000%1h$19K$7K10xas long as short
gTrade (Gains Network) PENGU/USDL +0.0007% / S −0.0003%1h$33K—150xas long as short
Backpack PENGU_USDC_PERP+0.0050%1h$303K$305K10xas long as short
Lighter PENGU+0.0096%1h$309K$491K8xas long as short
Orderly PERP_PENGU_USDC+0.0097%4h$21K$188K20xas long as short
Hyperliquid PENGUlong+0.0100%1h$9.5M$12.0M5x
Aster PENGUUSDT+0.0100%4h$203K$340K20xas long as short
Pacifica PENGU+0.0100%1h$203K$133K5xas long as short
Show all 33 venues
ExchangeFunding /8hEveryOIVol 24hMax lev
Binance PENGUUSDT+0.0100%4h$36.2M$128.8M75xas long as short
Bybit PENGUUSDT+0.0100%4h$21.8M$27.4M75xas long as short
OKX PENGU-USDT-SWAP+0.0100%4h$7.9M$40.1M50xas long as short
Arcus PENGU-USD+0.0100%1h$18K$23K5xas long as short
MEXC PENGU_USDT+0.0100%4h$11.1M$11.1M125xas long as short
KuCoin PENGUUSDTM+0.0100%4h$5.1M$7.2M75xas long as short
Bitget PENGUUSDTshort+0.0100%4h$8.3M$9.8M75x
BingX PENGU-USDT+0.0100%4h—$4.0M—as long as short
Variational Omni PENGU+0.0100%4h$761K$530K—as long as short
ApeX Omni PENGUUSDT+0.0100%1h$78K$253K50xas long as short
Nado PENGU-PERP+0.0100%1h$625K$681K5xas long as short
SunX PENGU-USDT+0.0100%4h$2K$2.0M10xas long as short
SoDEX PENGU-USD+0.0100%1h$974$14K5xas long as short
HTX PENGU-USDT+0.0100%4h$99K$207K25xas long as short
Extended PENGU-USD+0.0104%1h$176K$678K10xas long as short
Aevo PENGU-PERP+0.0104%1h$198K$17K3xas long as short
01 Exchange PENGUUSD+0.0184%1h$165$285xas long as short
Reya PENGURUSDPERP+0.0236%1h$290—10xas long as short
Kraken Futures PF_PENGUUSD+0.0289%1h$311K$957K50xas long as short
BloFin PENGU-USDT+0.0340%4h$1.5M$1.5M75xas long as short
GMX PENGU/USD [WBTC.b-USDC]L +0.0489% / S −0.0675%1h$107K—100xas long as short
Coinbase International PENGU-PERP-INTX+0.2968%1h$91K$128K50xas long as short
Injective PENGU/USDC PERP+0.4551%1h$3K$51K5.5xas long as short