Funding arb · Price arb /

PENGU

all PENGU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: ApeX Omni against Pacifica−0.158%51s7-day average +0.031% · you buy dearer than you sell

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

Long on Pacifica Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days−0.011%−$1 on $10k

Price spread, last 4 days (all we have)+0.224%+$22 · spread now −0.158%, 7d avg +0.031%

Together, before fees+0.213%+ Points / potential airdropPacifica: Active · farm board+$21 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 0.189% cheaper against Pacifica than usual: you would sell low and buy high, −$19 on $10k if it goes back to its 7-day average of +0.031%. The two prices were read 51 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	Pacifica PENGU	0.008851	0.0100	pay 0.0013% / 1h	48m 30s	$132K	$221K	5x
Short	ApeX Omni PENGUUSDT	0.008837	0.0100	get 0.0013% / 1h	48m 30s	$80K	$247K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni 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 ApeX OmnibpOrdersPrice spread, now −0.158%Rate

Funding earned: $0
Price spread: −0.158% → +0.031%: −$18.91
Slippage, 4 orders: no order book: not counted
Fee Pacifica: 4 bp × 2 orders: −$8
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$36.91
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: Pacifica: live order book, 58 min ago; ApeX Omni: live order book, 56 min ago. 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 Pacifica live order book, 58 min ago	2.77 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell ApeX Omni live order book, 56 min ago	4.98 bp	12.5 bp −$13	101.0 bp −$1,010	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	0.008850	−0.014%	$19K	$21K	5x	as long as short
Deribit PENGU_USDC-PERPETUAL	0.0000%	1h	0.008800	−0.576%	$1K	$27K	10x	as long as short
gTrade (Gains Network) PENGU/USD	L +0.0007% / S −0.0003%	1h	0.008797	−0.616%	$32K	—	150x	as long as short
Injective PENGU/USDC PERP	+0.0033%	1h	0.008789	−0.700%	$3K	$117K	5.5x	as long as short
Lighter PENGU	+0.0096%	1h	0.008855	+0.045%	$313K	$722K	8x	as long as short
Hyperliquid PENGU	+0.0100%	1h	0.008846	−0.056%	$8.4M	$17.5M	5x	as long as short
Aster PENGUUSDT	+0.0100%	4h	0.008845	−0.069%	$110K	$834K	20x	as long as short
Pacifica PENGUlong	+0.0100%	1h	0.008851	long leg	$132K	$221K	5x
Binance PENGUUSDT	+0.0100%	4h	0.008840	−0.125%	$37.9M	$198.2M	75x	as long as short
Bybit PENGUUSDT	+0.0100%	4h	0.008833	−0.203%	$23.7M	$48.0M	75x	as long as short

Show all 34 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX PENGU-USDT-SWAP	+0.0100%	4h	0.008832	−0.215%	$8.3M	$56.0M	50x	as long as short
Arcus PENGU-USD	+0.0100%	1h	0.008840	−0.124%	$18K	$25K	5x	as long as short
Gate PENGU_USDT	+0.0100%	4h	0.008846	−0.056%	$3.6M	$18.3M	75x	as long as short
MEXC PENGU_USDT	+0.0100%	4h	0.008851	0.000%	$12.0M	$12.8M	125x	as long as short
KuCoin PENGUUSDTM	+0.0100%	4h	0.008853	+0.023%	$5.3M	$10.7M	75x	as long as short
Bitget PENGUUSDT	+0.0100%	4h	0.008839	−0.136%	$8.5M	$14.0M	75x	as long as short
BingX PENGU-USDT	+0.0100%	4h	0.008849	−0.023%	—	$3.6M	—	as long as short
Backpack PENGU_USDC_PERP	+0.0100%	1h	0.008820	−0.350%	$297K	$395K	10x	as long as short
Variational Omni PENGU	+0.0100%	4h	0.008834	−0.190%	$875K	$1.2M	—	as long as short
GRVT PENGU_USDT_Perp	+0.0100%	4h	0.008839	−0.136%	$462K	$2.1M	10x	as long as short
ApeX Omni PENGUUSDTshort	+0.0100%	1h	0.008837	−0.158%	$80K	$247K	50x
Nado PENGU-PERP	+0.0100%	1h	0.008835	−0.175%	$592K	$1.1M	5x	as long as short
Orderly PERP_PENGU_USDC	+0.0100%	4h	0.008801	−0.565%	$23K	$357K	20x	as long as short
SunX PENGU-USDT	+0.0100%	4h	0.009018	+1.887%	$3K	$2.0M	10x	as long as short
SoDEX PENGU-USD	+0.0100%	1h	0.008825	−0.294%	$1K	$5K	5x	as long as short
HTX PENGU-USDT	+0.0100%	4h	0.008844	−0.079%	$91K	$372K	25x	as long as short
Extended PENGU-USD	+0.0104%	1h	0.008842	−0.099%	$178K	$741K	10x	as long as short
Aevo PENGU-PERP	+0.0104%	1h	0.008804	−0.531%	$203K	—	3x	as long as short
01 Exchange PENGUUSD	+0.0136%	1h	0.008839	−0.136%	$202	$141	5x	as long as short
Reya PENGURUSDPERP	+0.0242%	1h	0.008834	−0.196%	$298	—	10x	as long as short
Kraken Futures PF_PENGUUSD	+0.0261%	1h	0.008813	−0.427%	$334K	$2.7M	50x	as long as short
BloFin PENGU-USDT	+0.0340%	4h	0.008804	−0.531%	$1.6M	$5.5M	75x	as long as short
GMX PENGU/USD [WBTC.b-USDC]	L +0.0429% / S −0.0359%	1h	0.008804	−0.531%	$102K	—	100x	as long as short
Coinbase International PENGU-PERP-INTX	+0.1760%	1h	0.008785	−0.746%	$80K	$86K	50x	as long as short