PENGU

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0004%/8h= +0.4% APRnext payment +$0.00 per $10,000 · paid last 24h +0.001%

Price spread now: Aevo against Pacifica−0.122%7-day average −0.041% · you buy dearer than you sell

Net, funding: paid 7d − costs−$136as in the Funding arb table

Net, price: spread back to 7d avg − costs−$144as in the Price arb table

costs, in and out, $10k−$1361.362% of the position

Long on Pacifica Short on Aevo

What this pair did over the last

the charts below follow

Funding, last 7 days+0.004%$0 on $10k

Price spread, last 4 days (all we have)+0.020%+$2 · spread now −0.122%, 7d avg −0.041%

Together, before fees+0.025%+ Points / potential airdropPacifica: Active · farm board+$2 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: Aevo is 0.081% cheaper against Pacifica than usual: you would sell low and buy high, −$8 on $10k if it goes back to its 7-day average of −0.041%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Pacifica PENGU	0.009033	0.0100	pay 0.0013% / 1h	54m 27s	$159K	$243K	5x
Short	Aevo PENGU-PERP	0.009022	0.0104	get 0.0013% / 1h	54m 27s	$208K	—	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aevo against Pacifica. 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 PacificabpFee AevobpOrdersPrice spread, now −0.122%Rate

Funding earned: $0.84
Price spread: −0.122% → −0.041%: −$8.12
Slippage, 4 orders: −$112.19
Fee Pacifica: 4 bp × 2 orders: −$8
Fee Aevo: 8 bp × 2 orders: −$16
Net: −$143.47
Costs to cover: 1.362%
Break-even: 1202.6 days

Slippage from Pacifica: live order book, 64 min ago; Aevo: live order book, 64 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 Pacifica live order book, 64 min ago	4.02 bp	20.4 bp −$20	doesn't fit	doesn't fit	doesn't fit
Sell Aevo live order book, 64 min ago	11.44 bp	35.7 bp −$36	doesn't fit	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
gTrade (Gains Network) PENGU/USD	L +0.0007% / S −0.0003%	1h	0.009021	−0.134%	$33K	—	150x	as long as short
Injective PENGU/USDC PERP	+0.0033%	1h	0.008789	−2.701%	$3K	$117K	5.5x	as long as short
dYdX PENGU-USD	+0.0064%	1h	0.009035	+0.025%	$12K	$5K	5x	as long as short
Deribit PENGU_USDC-PERPETUAL	+0.0083%	1h	0.009025	−0.089%	$19K	$10K	10x	as long as short
Lighter PENGU	+0.0096%	1h	0.009038	+0.055%	$326K	$725K	8x	as long as short
01 Exchange PENGUUSD	+0.0096%	1h	0.009011	−0.244%	$206	$64	5x	as long as short
Nado PENGU-PERP	+0.0100%	1h	0.008998	−0.382%	$605K	$1.0M	5x	as long as short
Hyperliquid PENGU	+0.0100%	1h	0.009007	−0.288%	$8.4M	$14.7M	5x	as long as short
Aster PENGUUSDT	+0.0100%	4h	0.009034	+0.010%	$130K	$600K	20x	as long as short
Pacifica PENGUlong	+0.0100%	1h	0.009033	long leg	$159K	$243K	5x

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance PENGUUSDT	+0.0100%	4h	0.009011	−0.240%	$38.7M	$167.8M	75x	as long as short
Bybit PENGUUSDT	+0.0100%	4h	0.009002	−0.343%	$23.9M	$40.1M	75x	as long as short
OKX PENGU-USDT-SWAP	+0.0100%	4h	0.008997	−0.399%	$7.8M	$49.3M	50x	as long as short
Arcus PENGU-USD	+0.0100%	1h	0.009010	−0.255%	$19K	$24K	5x	as long as short
Gate PENGU_USDT	+0.0100%	4h	0.009020	−0.144%	$3.4M	$15.9M	75x	as long as short
MEXC PENGU_USDT	+0.0100%	4h	0.009003	−0.332%	$11.0M	$12.4M	125x	as long as short
KuCoin PENGUUSDTM	+0.0100%	4h	0.009014	−0.210%	$4.9M	$9.3M	75x	as long as short
Bitget PENGUUSDT	+0.0100%	4h	0.009010	−0.255%	$8.8M	$12.8M	75x	as long as short
BingX PENGU-USDT	+0.0100%	4h	0.009022	−0.122%	—	$3.5M	—	as long as short
Backpack PENGU_USDC_PERP	+0.0100%	1h	0.009035	+0.022%	$302K	$330K	10x	as long as short
Variational Omni PENGU	+0.0100%	4h	0.008998	−0.388%	$934K	$1.0M	—	as long as short
GRVT PENGU_USDT_Perp	+0.0100%	4h	0.008963	−0.769%	$478K	$2.1M	10x	as long as short
ApeX Omni PENGUUSDT	+0.0100%	1h	0.008966	−0.742%	$81K	$242K	50x	as long as short
Orderly PERP_PENGU_USDC	+0.0100%	4h	0.009023	−0.111%	$24K	$85K	20x	as long as short
SunX PENGU-USDT	+0.0100%	4h	0.009245	+2.347%	$3K	$2.1M	10x	as long as short
SoDEX PENGU-USD	+0.0100%	1h	0.009025	−0.089%	$1K	$5K	5x	as long as short
HTX PENGU-USDT	+0.0100%	4h	0.009014	−0.210%	$93K	$377K	25x	as long as short
Extended PENGU-USD	+0.0104%	1h	0.009017	−0.177%	$186K	$943K	10x	as long as short
Aevo PENGU-PERPshort	+0.0104%	1h	0.009022	−0.122%	$208K	—	3x
Reya PENGURUSDPERP	+0.0239%	1h	0.008999	−0.380%	$304	—	10x	as long as short
BloFin PENGU-USDT	+0.0340%	4h	0.009023	−0.111%	$1.5M	$4.0M	75x	as long as short
GMX PENGU/USD [WBTC.b-USDC]	L +0.0514% / S −0.0477%	1h	0.009024	−0.100%	$127K	—	100x	as long as short
Kraken Futures PF_PENGUUSD	+0.0605%	1h	0.009041	+0.092%	$353K	$2.4M	50x	as long as short
Coinbase International PENGU-PERP-INTX	+0.2704%	1h	0.009069	+0.399%	$96K	$61K	50x	as long as short