Funding arb · Price arb /

PENGU

all PENGU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0252%/8h= −27.6% APRpaid last 24h +0.001%

Price spread now: BingX against 01 Exchange0.000%7-day average — · you sell dearer than you buy

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

Long on 01 Exchange Short on BingX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

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

Together, before fees—needs both histories

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: −$8 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	01 Exchange PENGUUSD	0.009236	0.0352	pay 0.0044% / 1h	0m 42s	$211	$141	5x
Short	BingX PENGU-USDT	0.009236	0.0100	get 0.0050% / 4h	3h 00m	—	$3.7M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against 01 Exchange. 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 01 ExchangebpFee BingXbpOrdersPrice spread, now 0.000%Rate

Funding earned: −$52.92
Price spread: 0.000% → 0.000%: $0
Slippage, 4 orders: no order book: not counted
Fee 01 Exchange: 3.5 bp × 2 orders: −$7
Fee BingX: 5 bp × 2 orders: −$10
Net: −$69.92
Costs to cover: 0.170%
Break-even: never at this rate

Slippage unknown: 01 Exchange: no order-book sample; BingX: live order book, 9 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 01 Exchange no order-book sample	—	—	—	—	—
Sell BingX live order book, 9 min ago	0.54 bp	9.6 bp −$10	15.6 bp −$156	57.7 bp −$5,766	338.3 bp −$169.1K

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.

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	0.009214	−0.244%	$34K	—	150x	as long as short
Injective PENGU/USDC PERP	+0.0033%	1h	0.008789	−4.840%	$3K	$117K	5.5x	as long as short
Gate PENGU_USDT	+0.0034%	4h	0.009235	−0.011%	$3.8M	$18.4M	75x	as long as short
Lighter PENGU	+0.0096%	1h	0.009252	+0.173%	$331K	$771K	8x	as long as short
Nado PENGU-PERP	+0.0100%	1h	0.009228	−0.087%	$654K	$1.1M	5x	as long as short
Hyperliquid PENGU	+0.0100%	1h	0.009246	+0.108%	$9.6M	$16.7M	5x	as long as short
Aster PENGUUSDT	+0.0100%	4h	0.009237	+0.016%	$146K	$789K	20x	as long as short
Pacifica PENGU	+0.0100%	1h	0.009234	−0.022%	$140K	$235K	5x	as long as short
Binance PENGUUSDT	+0.0100%	4h	0.009240	+0.044%	$41.0M	$196.7M	75x	as long as short
Bybit PENGUUSDT	+0.0100%	4h	0.009230	−0.065%	$25.1M	$47.2M	75x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX PENGU-USDT-SWAP	+0.0100%	4h	0.009236	0.000%	$8.4M	$58.9M	50x	as long as short
Arcus PENGU-USD	+0.0100%	1h	0.009230	−0.065%	$19K	$26K	5x	as long as short
MEXC PENGU_USDT	+0.0100%	4h	0.009238	+0.022%	$12.2M	$13.2M	125x	as long as short
KuCoin PENGUUSDTM	+0.0100%	4h	0.009231	−0.054%	$5.2M	$10.7M	75x	as long as short
Bitget PENGUUSDT	+0.0100%	4h	0.009244	+0.087%	$9.0M	$15.2M	75x	as long as short
BingX PENGU-USDTshort	+0.0100%	4h	0.009236	0.000%	—	$3.7M	—
Backpack PENGU_USDC_PERP	+0.0100%	1h	0.009228	−0.087%	$305K	$370K	10x	as long as short
Variational Omni PENGU	+0.0100%	4h	0.009219	−0.186%	$953K	$1.2M	—	as long as short
GRVT PENGU_USDT_Perp	+0.0100%	4h	0.009180	−0.608%	$480K	$2.1M	10x	as long as short
ApeX Omni PENGUUSDT	+0.0100%	1h	0.009178	−0.628%	$81K	$252K	50x	as long as short
Orderly PERP_PENGU_USDC	+0.0100%	4h	0.009240	+0.043%	$24K	$354K	20x	as long as short
SunX PENGU-USDT	+0.0100%	4h	0.009466	+2.490%	$3K	$2.1M	10x	as long as short
SoDEX PENGU-USD	+0.0100%	1h	0.009238	+0.022%	$1K	$5K	5x	as long as short
HTX PENGU-USDT	+0.0100%	4h	0.009244	+0.087%	$97K	$414K	25x	as long as short
Extended PENGU-USD	+0.0104%	1h	0.009230	−0.060%	$189K	$741K	10x	as long as short
Aevo PENGU-PERP	+0.0104%	1h	0.009231	−0.054%	$213K	—	3x	as long as short
Reya PENGURUSDPERP	+0.0241%	1h	0.009235	−0.009%	$312	—	10x	as long as short
Deribit PENGU_USDC-PERPETUAL	+0.0291%	1h	0.009241	+0.054%	$1K	$28K	10x	as long as short
BloFin PENGU-USDT	+0.0340%	4h	0.009238	+0.022%	$1.7M	$5.4M	75x	as long as short
01 Exchange PENGUUSDlong	+0.0352%	1h	0.009236	long leg	$211	$141	5x
Kraken Futures PF_PENGUUSD	+0.0373%	1h	0.009243	+0.076%	$348K	$2.7M	50x	as long as short
GMX PENGU/USD [WBTC.b-USDC]	L +0.0434% / S −0.0351%	1h	0.009239	+0.032%	$106K	—	100x	as long as short
dYdX PENGU-USD	+0.1385%	1h	0.009206	−0.322%	$22K	$18K	5x	as long as short
Coinbase International PENGU-PERP-INTX	+0.2088%	1h	0.009336	+1.083%	$80K	$86K	50x	as long as short