Funding arb · Price arb /

PENGU

all PENGU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Pacifica against SoDEX+0.057%7-day average — · you sell dearer than you buy

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

Long on SoDEX Short on Pacifica

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

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

Together, before fees—+ Points / potential airdropPacifica: Active · farm boardneeds both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Pacifica is 0.057% dearer against SoDEX than usual: you sell high and buy low, +$6 on $10k if it 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	SoDEX PENGU-USD	0.008817	0.0100	pay 0.0013% / 1h	30m 09s	$1K	$5K	5x
Short	Pacifica PENGU	0.008822	0.0100	get 0.0013% / 1h	30m 09s	$152K	$239K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Pacifica against SoDEX. 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 SoDEXbpFee PacificabpOrdersPrice spread, now +0.057%Rate

Funding earned: $0
Price spread: +0.057% → 0.000%: $5.67
Slippage, 4 orders: no order book: not counted
Fee SoDEX: 4 bp × 2 orders: −$8
Fee Pacifica: 4 bp × 2 orders: −$8
Net: −$10.33
Costs to cover: 0.160%
Break-even: never at this rate

Slippage unknown: SoDEX: no order-book sample; Pacifica: live order book, 43 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 SoDEX no order-book sample	—	—	—	—	—
Sell Pacifica live order book, 43 min ago	4.01 bp	18.2 bp −$18	doesn't fit	doesn't fit	doesn't fit

SoDEX: 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
Kraken Futures PF_PENGUUSD	−0.0392%	1h	0.008827	+0.116%	$368K	$2.3M	50x	as long as short
Deribit PENGU_USDC-PERPETUAL	−0.0317%	1h	0.008816	−0.011%	$18K	$10K	10x	as long as short
01 Exchange PENGUUSD	−0.0224%	1h	0.008809	−0.091%	$202	$59	5x	as long as short
Variational Omni PENGU	−0.0221%	4h	0.008831	+0.160%	$871K	$933K	—	as long as short
Gate PENGU_USDT	−0.0196%	4h	0.008821	+0.045%	$3.4M	$15.6M	75x	as long as short
gTrade (Gains Network) PENGU/USD	L +0.0007% / S −0.0003%	1h	0.008819	+0.022%	$34K	—	150x	as long as short
Injective PENGU/USDC PERP	+0.0033%	1h	0.008789	−0.318%	$3K	$117K	5.5x	as long as short
dYdX PENGU-USD	+0.0078%	1h	0.008828	+0.120%	$12K	$4K	5x	as long as short
Nado PENGU-PERP	+0.0084%	1h	0.008820	+0.034%	$699K	$768K	5x	as long as short
GRVT PENGU_USDT_Perp	+0.0092%	4h	0.008826	+0.103%	$468K	$2.1M	10x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter PENGU	+0.0096%	1h	0.008824	+0.079%	$309K	$727K	8x	as long as short
Orderly PERP_PENGU_USDC	+0.0100%	4h	0.008817	0.000%	$23K	$183K	20x	as long as short
Hyperliquid PENGU	+0.0100%	1h	0.008823	+0.068%	$8.3M	$15.7M	5x	as long as short
Aster PENGUUSDT	+0.0100%	4h	0.008822	+0.055%	$189K	$481K	20x	as long as short
Pacifica PENGUshort	+0.0100%	1h	0.008822	+0.057%	$152K	$239K	5x
Binance PENGUUSDT	+0.0100%	4h	0.008822	+0.057%	$36.8M	$154.9M	75x	as long as short
Bybit PENGUUSDT	+0.0100%	4h	0.008818	+0.011%	$23.2M	$37.3M	75x	as long as short
OKX PENGU-USDT-SWAP	+0.0100%	4h	0.008822	+0.057%	$7.6M	$47.4M	50x	as long as short
Arcus PENGU-USD	+0.0100%	1h	0.008820	+0.034%	$19K	$24K	5x	as long as short
MEXC PENGU_USDT	+0.0100%	4h	0.008818	+0.011%	$13.0M	$12.8M	125x	as long as short
KuCoin PENGUUSDTM	+0.0100%	4h	0.008821	+0.045%	$4.7M	$9.0M	75x	as long as short
Bitget PENGUUSDT	+0.0100%	4h	0.008824	+0.079%	$8.4M	$12.7M	75x	as long as short
BingX PENGU-USDC	+0.0100%	4h	0.008819	+0.023%	—	$2.3M	—	as long as short
Backpack PENGU_USDC_PERP	+0.0100%	1h	0.008820	+0.034%	$306K	$322K	10x	as long as short
ApeX Omni PENGUUSDT	+0.0100%	1h	0.008810	−0.079%	$80K	$254K	50x	as long as short
SunX PENGU-USDT	+0.0100%	4h	0.009022	+2.325%	$3K	$2.1M	10x	as long as short
SoDEX PENGU-USDlong	+0.0100%	1h	0.008817	long leg	$1K	$5K	5x
HTX PENGU-USDT	+0.0100%	4h	0.008837	+0.227%	$91K	$296K	25x	as long as short
Extended PENGU-USD	+0.0104%	1h	0.008814	−0.038%	$182K	$973K	10x	as long as short
Aevo PENGU-PERP	+0.0104%	1h	0.008806	−0.125%	$203K	—	3x	as long as short
Reya PENGURUSDPERP	+0.0238%	1h	0.008811	−0.070%	$298	—	10x	as long as short
BloFin PENGU-USDT	+0.0340%	4h	0.008833	+0.181%	$1.5M	$2.8M	75x	as long as short
GMX PENGU/USD [WBTC.b-USDC]	L +0.0517% / S −0.0723%	1h	0.008819	+0.023%	$116K	—	100x	as long as short
Coinbase International PENGU-PERP-INTX	+0.1648%	1h	0.008863	+0.522%	$94K	$103K	50x	as long as short