Settings8H · net · $10k
Funding arb · Price arb /

PENGU

all PENGU markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 03:00 UTC−0.0156%/8h= −17.1% APRnext payment $0.20 per $10,000 · paid last 24h −0.004%
Price spread now: 01 Exchange against SoDEX−0.069%7-day average · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
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 daysno price history on both exchanges yet
Together, before feesneeds both histories
Both sides work against this trade now: funding costs −$5 a day on $10k at the current rate, and 01 Exchange is 0.069% cheaper against SoDEX than usual: you would sell low and buy high (−$7 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongSoDEX PENGU-USD0.0087310.0100pay 0.0013% / 1h28m 07s$1K$5K5x
Short01 Exchange PENGUUSD0.008725−0.0056pay 0.0007% / 1h28m 07s$200$645x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

01 Exchange 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

Funding earned
−$32.76
Price spread: −0.069% → 0.000%
−$6.87
Slippage, 4 orders
no order book: not counted
Fee SoDEX: 4 bp × 2 orders
−$8
Fee 01 Exchange: 3.5 bp × 2 orders
−$7
Net
−$54.63
Costs to cover
0.150%
Break-even
never at this rate
Slippage unknown: SoDEX: no order-book sample; 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
LegHalf-spread$10k$100k$1M$5M
Buy SoDEX no order-book sample
Sell 01 Exchange no order-book sample
SoDEX and 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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
01 Exchange PENGUUSDshort−0.0056%1h0.008725−0.069%$200$645x
Gate PENGU_USDT−0.0018%4h0.008727−0.046%$3.3M$15.6M75xas long as short
Deribit PENGU_USDC-PERPETUAL0.0000%1h0.0087310.000%$18K$10K10xas long as short
gTrade (Gains Network) PENGU/USDL +0.0007% / S −0.0003%1h0.008738+0.082%$32K150xas long as short
Injective PENGU/USDC PERP+0.0033%1h0.008789+0.664%$3K$117K5.5xas long as short
Lighter PENGU+0.0096%1h0.008736+0.057%$310K$709K8xas long as short
Orderly PERP_PENGU_USDC+0.0099%4h0.008733+0.023%$22K$166K20xas long as short
Nado PENGU-PERP+0.0100%1h0.008727−0.046%$585K$1.0M5xas long as short
Hyperliquid PENGU+0.0100%1h0.008729−0.023%$8.1M$14.7M5xas long as short
Aster PENGUUSDT+0.0100%4h0.008733+0.023%$121K$578K20xas long as short
Show all 34 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Pacifica PENGU+0.0100%1h0.008732+0.011%$154K$243K5xas long as short
Binance PENGUUSDT+0.0100%4h0.008732+0.011%$36.5M$160.2M75xas long as short
Bybit PENGUUSDT+0.0100%4h0.008726−0.057%$23.1M$38.8M75xas long as short
OKX PENGU-USDT-SWAP+0.0100%4h0.008728−0.034%$7.5M$46.2M50xas long as short
Arcus PENGU-USD+0.0100%1h0.008730−0.011%$19K$24K5xas long as short
MEXC PENGU_USDT+0.0100%4h0.0087310.000%$11.4M$12.4M125xas long as short
KuCoin PENGUUSDTM+0.0100%4h0.008735+0.046%$4.8M$9.1M75xas long as short
Bitget PENGUUSDT+0.0100%4h0.008733+0.023%$8.2M$12.4M75xas long as short
BingX PENGU-USDC+0.0100%4h0.0087310.000%$2.3Mas long as short
Backpack PENGU_USDC_PERP+0.0100%1h0.008728−0.034%$299K$274K10xas long as short
Variational Omni PENGU+0.0100%4h0.008753+0.249%$870K$985Kas long as short
GRVT PENGU_USDT_Perp+0.0100%4h0.008764+0.383%$457K$2.1M10xas long as short
ApeX Omni PENGUUSDT+0.0100%1h0.008767+0.412%$80K$243K50xas long as short
SunX PENGU-USDT+0.0100%4h0.008943+2.428%$2K$2.0M10xas long as short
SoDEX PENGU-USDlong+0.0100%1h0.008731long leg$1K$5K5x
HTX PENGU-USDT+0.0100%4h0.008751+0.229%$90K$351K25xas long as short
Extended PENGU-USD+0.0104%1h0.008727−0.051%$180K$941K10xas long as short
Aevo PENGU-PERP+0.0104%1h0.008721−0.115%$201K3xas long as short
dYdX PENGU-USD+0.0203%1h0.008728−0.031%$12K$4K5xas long as short
Reya PENGURUSDPERP+0.0239%1h0.008733+0.021%$29510xas long as short
BloFin PENGU-USDT+0.0340%4h0.008735+0.046%$1.5M$3.3M75xas long as short
GMX PENGU/USD [WBTC.b-USDC]L +0.0554% / S −0.0662%1h0.008739+0.092%$131K100xas long as short
Kraken Futures PF_PENGUUSD+0.0651%1h0.008737+0.072%$351K$2.3M50xas long as short
Coinbase International PENGU-PERP-INTX+0.2296%1h0.008967+2.703%$95K$94K50xas long as short