Funding arb · Price arb /

PENGU

all PENGU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0236%/8h= +25.8% APRpaid last 24h −0.005%

Price spread now: 01 Exchange against MEXC+0.099%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on MEXC Short on 01 Exchange

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Both sides work for this trade now. Funding pays +$7 a day on $10k at the current rate, and 01 Exchange is 0.099% dearer against MEXC than usual: you sell high and buy low: +$10 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC PENGU_USDT	0.009106	0.0100	pay 0.0050% / 4h	1h 22m	$11.1M	$13.0M	125x
Short	01 Exchange PENGUUSD	0.009115	0.0336	get 0.0042% / 1h	22m 26s	$209	$60	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

01 Exchange against MEXC. 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 MEXCbpFee 01 ExchangebpOrdersPrice spread, now +0.099%Rate

Funding earned: $49.56
Price spread: +0.099% → 0.000%: $9.88
Slippage, 4 orders: no order book: not counted
Fee MEXC: 0 bp × 2 orders: $0
Fee 01 Exchange: 3.5 bp × 2 orders: −$7
Net: $52.44
Costs to cover: 0.070%
Break-even: from the start

Slippage unknown: MEXC: live order book, 1 min ago; 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

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy MEXC live order book, 1 min ago	0.55 bp	3.9 bp −$4	16.6 bp −$166	60.8 bp −$6,078	151.5 bp −$75.7K
Sell 01 Exchange no order-book sample	—	—	—	—	—

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.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
gTrade (Gains Network) PENGU/USD	L +0.0007% / S −0.0003%	1h	0.009092	−0.154%	$33K	—	150x	as long as short
Injective PENGU/USDC PERP	+0.0033%	1h	0.008789	−3.481%	$3K	$117K	5.5x	as long as short
Lighter PENGU	+0.0096%	1h	0.009108	+0.022%	$327K	$768K	8x	as long as short
Nado PENGU-PERP	+0.0100%	1h	0.009104	−0.016%	$642K	$1.1M	5x	as long as short
Aster PENGUUSDT	+0.0100%	4h	0.009107	+0.010%	$144K	$716K	20x	as long as short
Pacifica PENGU	+0.0100%	1h	0.009104	−0.022%	$137K	$276K	5x	as long as short
Binance PENGUUSDT	+0.0100%	4h	0.009113	+0.077%	$39.8M	$189.4M	75x	as long as short
Bybit PENGUUSDT	+0.0100%	4h	0.009099	−0.077%	$24.1M	$44.2M	75x	as long as short
OKX PENGU-USDT-SWAP	+0.0100%	4h	0.009101	−0.055%	$8.1M	$54.9M	50x	as long as short
Arcus PENGU-USD	+0.0100%	1h	0.009110	+0.044%	$18K	$25K	5x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate PENGU_USDT	+0.0100%	4h	0.009099	−0.077%	$3.5M	$17.2M	75x	as long as short
MEXC PENGU_USDTlong	+0.0100%	4h	0.009106	long leg	$11.1M	$13.0M	125x
KuCoin PENGUUSDTM	+0.0100%	4h	0.009103	−0.033%	$5.1M	$10.2M	75x	as long as short
Bitget PENGUUSDT	+0.0100%	4h	0.009109	+0.033%	$8.7M	$13.9M	75x	as long as short
BingX PENGU-USDC	+0.0100%	4h	0.009099	−0.077%	—	$2.3M	—	as long as short
Backpack PENGU_USDC_PERP	+0.0100%	1h	0.009086	−0.220%	$310K	$360K	10x	as long as short
Variational Omni PENGU	+0.0100%	4h	0.009105	−0.012%	$927K	$1.1M	—	as long as short
GRVT PENGU_USDT_Perp	+0.0100%	4h	0.009054	−0.572%	$475K	$2.1M	10x	as long as short
ApeX Omni PENGUUSDT	+0.0100%	1h	0.009050	−0.615%	$79K	$252K	50x	as long as short
Orderly PERP_PENGU_USDC	+0.0100%	4h	0.009098	−0.088%	$23K	$228K	20x	as long as short
SunX PENGU-USDT	+0.0100%	4h	0.009318	+2.328%	$3K	$2.2M	10x	as long as short
SoDEX PENGU-USD	+0.0100%	1h	0.009093	−0.143%	$1K	$5K	5x	as long as short
HTX PENGU-USDT	+0.0100%	4h	0.009105	−0.011%	$94K	$404K	25x	as long as short
Extended PENGU-USD	+0.0104%	1h	0.009105	−0.013%	$187K	$525K	10x	as long as short
Aevo PENGU-PERP	+0.0104%	1h	0.009090	−0.176%	$210K	—	3x	as long as short
Deribit PENGU_USDC-PERPETUAL	+0.0190%	1h	0.009098	−0.088%	$1K	$29K	10x	as long as short
Reya PENGURUSDPERP	+0.0240%	1h	0.009103	−0.036%	$307	—	10x	as long as short
Hyperliquid PENGU	+0.0259%	1h	0.009115	+0.099%	$9.2M	$16.3M	5x	as long as short
01 Exchange PENGUUSDshort	+0.0336%	1h	0.009115	+0.099%	$209	$60	5x
BloFin PENGU-USDT	+0.0340%	4h	0.009093	−0.143%	$1.6M	$4.9M	75x	as long as short
GMX PENGU/USD [WBTC.b-USDC]	L +0.0444% / S −0.0368%	1h	0.009093	−0.143%	$107K	—	100x	as long as short
dYdX PENGU-USD	+0.0603%	1h	0.009099	−0.077%	$12K	$6K	5x	as long as short
Kraken Futures PF_PENGUUSD	+0.0671%	1h	0.009100	−0.069%	$339K	$2.5M	50x	as long as short
Coinbase International PENGU-PERP-INTX	+0.1664%	1h	0.009135	+0.318%	$80K	$70K	50x	as long as short