PENGU

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0004%/8h= +0.4% APRnext payment +$0.01 per $10,000 · paid last 24h +0.001%

Price spread now: ApeX Omni against Lighter+0.401%48s7-day average +0.005% · you sell dearer than you buy

Net, funding: paid 7d − costs−$71as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$710.709% of the position

Long on Lighter Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days0.000%$0 on $10k

Price spread, last 4 days (all we have)−0.136%−$14 · spread now +0.401%, 7d avg +0.005%

Together, before fees−0.136%+ Points / potential airdropLighter: Season 3 · farm board−$14 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: ApeX Omni is 0.396% dearer against Lighter than usual: you sell high and buy low, +$40 on $10k if it goes back to its 7-day average of +0.005%. The two prices were read 48 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter PENGU	0.008732	0.0096	pay 0.0012% / 1h	28m 37s	$310K	$709K	8x
Short	ApeX Omni PENGUUSDT	0.008767	0.0100	get 0.0013% / 1h	28m 37s	$80K	$243K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni 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 ApeX OmnibpOrdersPrice spread, now +0.401%Rate

Funding earned: $0.84
Price spread: +0.401% → +0.005%: $39.58
Slippage, 4 orders: −$60.95
Fee Lighter: 0 bp × 2 orders: $0
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$30.53
Costs to cover: 0.709%
Break-even: 261.4 days

Slippage from Lighter: live order book, 31 min ago; ApeX Omni: live order book, 33 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, 31 min ago	3.41 bp	22.8 bp −$23	97.9 bp −$979	doesn't fit	doesn't fit
Sell ApeX Omni live order book, 33 min ago	7.39 bp	15.8 bp −$16	101.6 bp −$1,016	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	0.008741	+0.103%	$18K	$10K	10x	as long as short
01 Exchange PENGUUSD	−0.0056%	1h	0.008747	+0.172%	$200	$64	5x	as long as short
Gate PENGU_USDT	−0.0020%	4h	0.008726	−0.069%	$3.3M	$15.6M	75x	as long as short
gTrade (Gains Network) PENGU/USD	L +0.0007% / S −0.0003%	1h	0.008751	+0.215%	$32K	—	150x	as long as short
Injective PENGU/USDC PERP	+0.0033%	1h	0.008789	+0.653%	$3K	$117K	5.5x	as long as short
Lighter PENGUlong	+0.0096%	1h	0.008732	long leg	$310K	$709K	8x
Orderly PERP_PENGU_USDC	+0.0099%	4h	0.008745	+0.149%	$22K	$166K	20x	as long as short
Nado PENGU-PERP	+0.0100%	1h	0.008753	+0.240%	$587K	$1.0M	5x	as long as short
Hyperliquid PENGU	+0.0100%	1h	0.008727	−0.057%	$8.1M	$14.7M	5x	as long as short
Aster PENGUUSDT	+0.0100%	4h	0.008729	−0.040%	$121K	$578K	20x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica PENGU	+0.0100%	1h	0.008732	0.000%	$154K	$243K	5x	as long as short
Binance PENGUUSDT	+0.0100%	4h	0.008729	−0.034%	$36.5M	$160.2M	75x	as long as short
Bybit PENGUUSDT	+0.0100%	4h	0.008722	−0.115%	$23.1M	$38.8M	75x	as long as short
OKX PENGU-USDT-SWAP	+0.0100%	4h	0.008726	−0.069%	$7.5M	$46.2M	50x	as long as short
Arcus PENGU-USD	+0.0100%	1h	0.008730	−0.023%	$19K	$24K	5x	as long as short
MEXC PENGU_USDT	+0.0100%	4h	0.008727	−0.057%	$11.4M	$12.4M	125x	as long as short
KuCoin PENGUUSDTM	+0.0100%	4h	0.008729	−0.034%	$4.8M	$9.1M	75x	as long as short
Bitget PENGUUSDT	+0.0100%	4h	0.008730	−0.023%	$8.2M	$12.4M	75x	as long as short
BingX PENGU-USDC	+0.0100%	4h	0.008731	−0.011%	—	$2.3M	—	as long as short
Backpack PENGU_USDC_PERP	+0.0100%	1h	0.008732	0.000%	$299K	$274K	10x	as long as short
Variational Omni PENGU	+0.0100%	4h	0.008753	+0.237%	$870K	$985K	—	as long as short
GRVT PENGU_USDT_Perp	+0.0100%	4h	0.008764	+0.372%	$457K	$2.1M	10x	as long as short
ApeX Omni PENGUUSDTshort	+0.0100%	1h	0.008767	+0.401%	$80K	$243K	50x
SunX PENGU-USDT	+0.0100%	4h	0.008956	+2.565%	$3K	$2.0M	10x	as long as short
SoDEX PENGU-USD	+0.0100%	1h	0.008736	+0.046%	$1K	$5K	5x	as long as short
HTX PENGU-USDT	+0.0100%	4h	0.008758	+0.298%	$91K	$351K	25x	as long as short
Extended PENGU-USD	+0.0104%	1h	0.008724	−0.091%	$180K	$941K	10x	as long as short
Aevo PENGU-PERP	+0.0104%	1h	0.008729	−0.034%	$202K	—	3x	as long as short
dYdX PENGU-USD	+0.0203%	1h	0.008728	−0.042%	$12K	$4K	5x	as long as short
Reya PENGURUSDPERP	+0.0239%	1h	0.008750	+0.202%	$295	—	10x	as long as short
BloFin PENGU-USDT	+0.0340%	4h	0.008735	+0.034%	$1.5M	$3.3M	75x	as long as short
GMX PENGU/USD [WBTC.b-USDC]	L +0.0555% / S −0.0662%	1h	0.008751	+0.218%	$131K	—	100x	as long as short
Kraken Futures PF_PENGUUSD	+0.0650%	1h	0.008745	+0.151%	$352K	$2.3M	50x	as long as short
Coinbase International PENGU-PERP-INTX	+0.2296%	1h	0.008967	+2.691%	$95K	$94K	50x	as long as short