PENGU

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC−0.0004%/8h= −0.4% APRnext payment −$0.00 per $10,000 · paid last 24h −0.001%

Price spread now: ApeX Omni against Aevo+0.011%7-day average +0.076% · you sell dearer than you buy

Net, funding: paid 7d − costs−$116as in the Funding arb table

Net, price: spread back to 7d avg − costs−$121as in the Price arb table

costs, in and out, $10k−$1151.147% of the position

Long on Aevo Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days−0.016%−$2 on $10k

Price spread, last 4 days (all we have)−0.049%−$5 · spread now +0.011%, 7d avg +0.076%

Together, before fees−0.066%−$7 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 0.065% cheaper against Aevo than usual: you would sell low and buy high, −$7 on $10k if it goes back to its 7-day average of +0.076%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aevo PENGU-PERP	0.009100	0.0104	pay 0.0013% / 1h	56m 48s	$210K	—	3x
Short	ApeX Omni PENGUUSDT	0.009101	0.0100	get 0.0013% / 1h	56m 48s	$82K	$248K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against Aevo. 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 AevobpFee ApeX OmnibpOrdersPrice spread, now +0.011%Rate

Funding earned: −$0.84
Price spread: +0.011% → +0.076%: −$6.5
Slippage, 4 orders: −$88.72
Fee Aevo: 8 bp × 2 orders: −$16
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$122.06
Costs to cover: 1.147%
Break-even: never at this rate

Slippage from Aevo: live order book, 55 min ago; ApeX Omni: live order book, 53 min ago.

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 Aevo live order book, 55 min ago	16.44 bp	53.9 bp −$54	292.3 bp −$2,923	doesn't fit	doesn't fit
Sell ApeX Omni live order book, 53 min ago	6.62 bp	14.7 bp −$15	108.0 bp −$1,080	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	0.009086	−0.157%	$20K	$21K	5x	as long as short
gTrade (Gains Network) PENGU/USD	L +0.0007% / S −0.0003%	1h	0.009099	−0.006%	$33K	—	150x	as long as short
Injective PENGU/USDC PERP	+0.0033%	1h	0.008789	−3.418%	$3K	$117K	5.5x	as long as short
Kraken Futures PF_PENGUUSD	+0.0063%	1h	0.009106	+0.062%	$333K	$2.6M	50x	as long as short
Lighter PENGU	+0.0096%	1h	0.009105	+0.055%	$326K	$699K	8x	as long as short
Nado PENGU-PERP	+0.0100%	1h	0.009098	−0.016%	$653K	$1.1M	5x	as long as short
Aster PENGUUSDT	+0.0100%	4h	0.009104	+0.044%	$136K	$774K	20x	as long as short
Pacifica PENGU	+0.0100%	1h	0.009084	−0.176%	$137K	$225K	5x	as long as short
Binance PENGUUSDT	+0.0100%	4h	0.009104	+0.049%	$40.1M	$192.3M	75x	as long as short
Bybit PENGUUSDT	+0.0100%	4h	0.009097	−0.033%	$24.7M	$46.6M	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	0.009106	+0.066%	$8.4M	$56.6M	50x	as long as short
Arcus PENGU-USD	+0.0100%	1h	0.009100	0.000%	$18K	$26K	5x	as long as short
Gate PENGU_USDT	+0.0100%	4h	0.009100	0.000%	$3.7M	$17.8M	75x	as long as short
MEXC PENGU_USDT	+0.0100%	4h	0.009101	+0.011%	$12.3M	$12.3M	125x	as long as short
KuCoin PENGUUSDTM	+0.0100%	4h	0.009101	+0.011%	$5.2M	$10.5M	75x	as long as short
Bitget PENGUUSDT	+0.0100%	4h	0.009114	+0.154%	$8.8M	$14.3M	75x	as long as short
BingX PENGU-USDC	+0.0100%	4h	0.009092	−0.088%	—	$2.3M	—	as long as short
Backpack PENGU_USDC_PERP	+0.0100%	1h	0.009096	−0.044%	$305K	$365K	10x	as long as short
Variational Omni PENGU	+0.0100%	4h	0.009084	−0.172%	$917K	$1.2M	—	as long as short
GRVT PENGU_USDT_Perp	+0.0100%	4h	0.009099	−0.012%	$480K	$2.1M	10x	as long as short
ApeX Omni PENGUUSDTshort	+0.0100%	1h	0.009101	+0.011%	$82K	$248K	50x
Orderly PERP_PENGU_USDC	+0.0100%	4h	0.009102	+0.022%	$23K	$357K	20x	as long as short
SunX PENGU-USDT	+0.0100%	4h	0.009322	+2.440%	$3K	$2.0M	10x	as long as short
SoDEX PENGU-USD	+0.0100%	1h	0.009100	0.000%	$1K	$5K	5x	as long as short
HTX PENGU-USDT	+0.0100%	4h	0.009112	+0.132%	$93K	$368K	25x	as long as short
Extended PENGU-USD	+0.0104%	1h	0.009095	−0.055%	$186K	$743K	10x	as long as short
Aevo PENGU-PERPlong	+0.0104%	1h	0.009100	long leg	$210K	—	3x
Hyperliquid PENGU	+0.0177%	1h	0.009120	+0.220%	$9.8M	$17.0M	5x	as long as short
Deribit PENGU_USDC-PERPETUAL	+0.0190%	1h	0.009105	+0.055%	$1K	$27K	10x	as long as short
Reya PENGURUSDPERP	+0.0241%	1h	0.009095	−0.050%	$307	—	10x	as long as short
01 Exchange PENGUUSD	+0.0312%	1h	0.009108	+0.088%	$208	$141	5x	as long as short
BloFin PENGU-USDT	+0.0340%	4h	0.009105	+0.055%	$1.6M	$5.3M	75x	as long as short
GMX PENGU/USD [WBTC.b-USDC]	L +0.0434% / S −0.0357%	1h	0.009102	+0.022%	$105K	—	100x	as long as short
Coinbase International PENGU-PERP-INTX	+0.2136%	1h	0.009222	+1.341%	$84K	$95K	50x	as long as short