Funding arb · Price arb /

PENGU

all PENGU markets

Swap Backtest

Alert: funding

Alert: spread

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

Price spread now: HTX against SunX−2.106%7-day average −2.382% · you buy dearer than you sell

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

Long on SunX Short on HTX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.215%+$21 on $10k

Price spread, last 3 days (all we have)−0.045%−$4 · spread now −2.106%, 7d avg −2.382%

Together, before fees+0.170%+$17 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: HTX is 0.275% dearer against SunX than usual: you sell high and buy low, +$28 on $10k if it goes back to its 7-day average of −2.382%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX PENGU-USDT	0.008973	0.0100	pay 0.0050% / 4h	1h 48m	$2K	$2.1M	10x
Short	HTX PENGU-USDT	0.008784	0.0100	get 0.0050% / 4h	1h 48m	$92K	$250K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX against SunX. 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 SunXbpFee HTXbpOrdersPrice spread, now −2.106%Rate

Funding earned: $0
Price spread: −2.106% → −2.382%: $27.54
Slippage, 4 orders: no order book: not counted
Fee SunX: 4 bp × 2 orders: −$8
Fee HTX: 6 bp × 2 orders: −$12
Net: $7.54
Costs to cover: 0.200%
Break-even: from the start

Slippage unknown: SunX: live order book, 7 min ago; HTX: live order book, 33 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 SunX live order book, 7 min ago	251.27 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell HTX live order book, 33 min ago	11.45 bp	140.2 bp −$140	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
Kraken Futures PF_PENGUUSD	−0.0608%	1h	0.008777	−2.189%	$388K	$2.2M	50x	as long as short
Gate PENGU_USDT	−0.0288%	4h	0.008770	−2.262%	$3.4M	$15.5M	75x	as long as short
01 Exchange PENGUUSD	−0.0112%	1h	0.008758	−2.396%	$200	$59	5x	as long as short
Bybit PENGUUSDT	−0.0017%	4h	0.008766	−2.307%	$22.8M	$36.0M	75x	as long as short
Deribit PENGU_USDC-PERPETUAL	0.0000%	1h	0.008771	−2.251%	$19K	$9K	10x	as long as short
gTrade (Gains Network) PENGU/USD	L +0.0007% / S −0.0003%	1h	0.008769	−2.274%	$33K	—	150x	as long as short
dYdX PENGU-USD	+0.0032%	1h	0.008777	−2.183%	$12K	$4K	5x	as long as short
Injective PENGU/USDC PERP	+0.0033%	1h	0.008715	−2.875%	$3K	$81K	5.5x	as long as short
Nado PENGU-PERP	+0.0051%	1h	0.008761	−2.363%	$679K	$758K	5x	as long as short
Lighter PENGU	+0.0096%	1h	0.008778	−2.173%	$300K	$726K	8x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hyperliquid PENGU	+0.0100%	1h	0.008780	−2.151%	$8.7M	$15.0M	5x	as long as short
Aster PENGUUSDT	+0.0100%	4h	0.008779	−2.158%	$174K	$449K	20x	as long as short
Pacifica PENGU	+0.0100%	1h	0.008775	−2.207%	$148K	$236K	5x	as long as short
Binance PENGUUSDT	+0.0100%	4h	0.008776	−2.195%	$36.3M	$151.6M	75x	as long as short
OKX PENGU-USDT-SWAP	+0.0100%	4h	0.008771	−2.251%	$7.7M	$46.9M	50x	as long as short
Arcus PENGU-USD	+0.0100%	1h	0.008750	−2.485%	$19K	$24K	5x	as long as short
MEXC PENGU_USDT	+0.0100%	4h	0.008776	−2.195%	$13.1M	$12.6M	125x	as long as short
KuCoin PENGUUSDTM	+0.0100%	4h	0.008776	−2.195%	$4.8M	$8.8M	75x	as long as short
Bitget PENGUUSDT	+0.0100%	4h	0.008780	−2.151%	$8.4M	$12.6M	75x	as long as short
BingX PENGU-USDC	+0.0100%	4h	0.008766	−2.307%	—	$2.3M	—	as long as short
Backpack PENGU_USDC_PERP	+0.0100%	1h	0.008774	−2.218%	$313K	$310K	10x	as long as short
Variational Omni PENGU	+0.0100%	4h	0.008761	−2.365%	$811K	$726K	—	as long as short
GRVT PENGU_USDT_Perp	+0.0100%	4h	0.008763	−2.340%	$458K	$2.3M	10x	as long as short
ApeX Omni PENGUUSDT	+0.0100%	1h	0.008763	−2.340%	$80K	$253K	50x	as long as short
Orderly PERP_PENGU_USDC	+0.0100%	4h	0.008772	−2.240%	$23K	$186K	20x	as long as short
SunX PENGU-USDTlong	+0.0100%	4h	0.008973	long leg	$2K	$2.1M	10x
SoDEX PENGU-USD	+0.0100%	1h	0.008769	−2.273%	$1K	$5K	5x	as long as short
HTX PENGU-USDTshort	+0.0100%	4h	0.008784	−2.106%	$92K	$250K	25x
Extended PENGU-USD	+0.0104%	1h	0.008771	−2.255%	$180K	$682K	10x	as long as short
Aevo PENGU-PERP	+0.0104%	1h	0.008768	−2.285%	$203K	$17K	3x	as long as short
Reya PENGURUSDPERP	+0.0237%	1h	0.008765	−2.317%	$296	—	10x	as long as short
BloFin PENGU-USDT	+0.0340%	4h	0.008773	−2.229%	$1.5M	$2.7M	75x	as long as short
GMX PENGU/USD [WBTC.b-USDC]	L +0.0506% / S −0.0703%	1h	0.008770	−2.262%	$113K	—	100x	as long as short
Coinbase International PENGU-PERP-INTX	+0.2504%	1h	0.008785	−2.095%	$93K	$101K	50x	as long as short