PENGU

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC+0.0008%/8h= +0.9% APRnext payment +$0.01 per $10,000 · paid last 24h +0.002%

Price spread now: Aevo against Lighter−0.077%7-day average −0.082% · you buy dearer than you sell

Net, funding: paid 7d − costs−$123as in the Funding arb table

Net, price: spread back to 7d avg − costs−$124as in the Price arb table

costs, in and out, $10k−$1241.241% of the position

Long on Lighter Short on Aevo

What this pair did over the last

the charts below follow

Funding, last 7 days+0.016%+$2 on $10k

Price spread, last 4 days (all we have)−0.069%−$7 · spread now −0.077%, 7d avg −0.082%

Together, before fees−0.053%+ Points / potential airdropLighter: Season 3 · farm board−$5 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter PENGU	0.009073	0.0096	pay 0.0012% / 1h	54m 17s	$325K	$699K	8x
Short	Aevo PENGU-PERP	0.009066	0.0104	get 0.0013% / 1h	54m 17s	$209K	—	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aevo against Lighter. 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 LighterbpFee AevobpOrdersPrice spread, now −0.077%Rate

Funding earned: $1.68
Price spread: −0.077% → −0.082%: $0.53
Slippage, 4 orders: −$108.13
Fee Lighter: 0 bp × 2 orders: $0
Fee Aevo: 8 bp × 2 orders: −$16
Net: −$121.92
Costs to cover: 1.241%
Break-even: 515.0 days

Slippage from Lighter: live order book, 53 min ago; Aevo: live order book, 57 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 Lighter live order book, 53 min ago	7.14 bp	21.4 bp −$21	77.1 bp −$771	doesn't fit	doesn't fit
Sell Aevo live order book, 57 min ago	16.44 bp	32.2 bp −$32	doesn't fit	doesn't fit	doesn't fit

PENGU on 34 exchanges

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
dYdX PENGU-USD	0.0000%	1h	0.009067	−0.063%	$20K	$21K	5x	as long as short
Deribit PENGU_USDC-PERPETUAL	0.0000%	1h	0.009066	−0.077%	$1K	$27K	10x	as long as short
gTrade (Gains Network) PENGU/USD	L +0.0007% / S −0.0003%	1h	0.009060	−0.144%	$33K	—	150x	as long as short
Injective PENGU/USDC PERP	+0.0033%	1h	0.008789	−3.130%	$3K	$117K	5.5x	as long as short
Kraken Futures PF_PENGUUSD	+0.0064%	1h	0.009072	−0.007%	$332K	$2.6M	50x	as long as short
Lighter PENGUlong	+0.0096%	1h	0.009073	long leg	$325K	$699K	8x
Nado PENGU-PERP	+0.0100%	1h	0.009059	−0.160%	$650K	$1.1M	5x	as long as short
Aster PENGUUSDT	+0.0100%	4h	0.009069	−0.043%	$135K	$774K	20x	as long as short
Pacifica PENGU	+0.0100%	1h	0.009070	−0.033%	$137K	$225K	5x	as long as short
Binance PENGUUSDT	+0.0100%	4h	0.009063	−0.105%	$39.9M	$192.3M	75x	as long as short

Show all 34 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit PENGUUSDT	+0.0100%	4h	0.009053	−0.220%	$24.6M	$46.6M	75x	as long as short
OKX PENGU-USDT-SWAP	+0.0100%	4h	0.009057	−0.176%	$8.4M	$56.3M	50x	as long as short
Arcus PENGU-USD	+0.0100%	1h	0.009070	−0.033%	$18K	$26K	5x	as long as short
Gate PENGU_USDT	+0.0100%	4h	0.009061	−0.132%	$3.7M	$17.9M	75x	as long as short
MEXC PENGU_USDT	+0.0100%	4h	0.009063	−0.110%	$12.2M	$12.3M	125x	as long as short
KuCoin PENGUUSDTM	+0.0100%	4h	0.009062	−0.121%	$5.1M	$10.5M	75x	as long as short
Bitget PENGUUSDT	+0.0100%	4h	0.009065	−0.088%	$8.7M	$14.3M	75x	as long as short
BingX PENGU-USDT	+0.0100%	4h	0.009059	−0.154%	—	$3.6M	—	as long as short
Backpack PENGU_USDC_PERP	+0.0100%	1h	0.009078	+0.055%	$304K	$365K	10x	as long as short
Variational Omni PENGU	+0.0100%	4h	0.009073	+0.002%	$917K	$1.2M	—	as long as short
GRVT PENGU_USDT_Perp	+0.0100%	4h	0.009099	+0.286%	$480K	$2.1M	10x	as long as short
ApeX Omni PENGUUSDT	+0.0100%	1h	0.009101	+0.309%	$82K	$248K	50x	as long as short
Orderly PERP_PENGU_USDC	+0.0100%	4h	0.009063	−0.110%	$23K	$357K	20x	as long as short
SunX PENGU-USDT	+0.0100%	4h	0.009286	+2.348%	$3K	$2.0M	10x	as long as short
SoDEX PENGU-USD	+0.0100%	1h	0.009068	−0.055%	$1K	$5K	5x	as long as short
HTX PENGU-USDT	+0.0100%	4h	0.009085	+0.132%	$93K	$368K	25x	as long as short
Extended PENGU-USD	+0.0104%	1h	0.009061	−0.132%	$185K	$740K	10x	as long as short
Aevo PENGU-PERPshort	+0.0104%	1h	0.009066	−0.077%	$209K	—	3x
Hyperliquid PENGU	+0.0152%	1h	0.009074	+0.011%	$9.7M	$17.0M	5x	as long as short
Reya PENGURUSDPERP	+0.0241%	1h	0.009060	−0.138%	$306	—	10x	as long as short
01 Exchange PENGUUSD	+0.0296%	1h	0.009072	−0.011%	$208	$141	5x	as long as short
BloFin PENGU-USDT	+0.0340%	4h	0.009085	+0.132%	$1.6M	$5.3M	75x	as long as short
GMX PENGU/USD [WBTC.b-USDC]	L +0.0433% / S −0.0357%	1h	0.009074	+0.011%	$105K	—	100x	as long as short
Coinbase International PENGU-PERP-INTX	+0.2136%	1h	0.009222	+1.642%	$84K	$95K	50x	as long as short