Funding arb · Price arb /

PENGU

all PENGU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h −0.001%

Price spread now: SunX against Aevo+2.297%7-day average +2.729% · you sell dearer than you buy

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

Long on Aevo Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.005%$0 on $10k

Price spread, last 4 days (all we have)+0.190%+$19 · spread now +2.297%, 7d avg +2.729%

Together, before fees+0.186%+$19 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: SunX is 0.432% cheaper against Aevo than usual: you would sell low and buy high, −$43 on $10k if it goes back to its 7-day average of +2.729%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aevo PENGU-PERP	0.009099	0.0104	pay 0.0013% / 1h	54m 46s	$210K	—	3x
Short	SunX PENGU-USDT	0.009308	0.0100	get 0.0050% / 4h	1h 54m	$3K	$2.2M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now +2.297%Rate

Funding earned: −$0.84
Price spread: +2.297% → +2.729%: −$43.24
Slippage, 4 orders: no order book: not counted
Fee Aevo: 8 bp × 2 orders: −$16
Fee SunX: 4 bp × 2 orders: −$8
Net: −$68.08
Costs to cover: 0.240%
Break-even: never at this rate

Slippage unknown: Aevo: live order book, 54 min ago; SunX: live order book, 1 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 Aevo live order book, 54 min ago	68.10 bp	83.7 bp −$84	doesn't fit	doesn't fit	doesn't fit
Sell SunX live order book, 1 min ago	246.78 bp	doesn't fit	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
gTrade (Gains Network) PENGU/USD	L +0.0007% / S −0.0003%	1h	0.009091	−0.091%	$33K	—	150x	as long as short
Injective PENGU/USDC PERP	+0.0033%	1h	0.008789	−3.407%	$3K	$117K	5.5x	as long as short
Lighter PENGU	+0.0096%	1h	0.009090	−0.099%	$333K	$759K	8x	as long as short
Nado PENGU-PERP	+0.0100%	1h	0.009092	−0.077%	$640K	$1.1M	5x	as long as short
Aster PENGUUSDT	+0.0100%	4h	0.009087	−0.132%	$121K	$691K	20x	as long as short
Pacifica PENGU	+0.0100%	1h	0.009084	−0.165%	$139K	$289K	5x	as long as short
Binance PENGUUSDT	+0.0100%	4h	0.009085	−0.152%	$39.6M	$185.3M	75x	as long as short
Bybit PENGUUSDT	+0.0100%	4h	0.009078	−0.231%	$24.1M	$43.4M	75x	as long as short
OKX PENGU-USDT-SWAP	+0.0100%	4h	0.009074	−0.275%	$8.1M	$54.2M	50x	as long as short
Arcus PENGU-USD	+0.0100%	1h	0.009090	−0.099%	$18K	$26K	5x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate PENGU_USDT	+0.0100%	4h	0.009083	−0.176%	$3.4M	$16.9M	75x	as long as short
MEXC PENGU_USDT	+0.0100%	4h	0.009088	−0.121%	$11.1M	$12.6M	125x	as long as short
KuCoin PENGUUSDTM	+0.0100%	4h	0.009086	−0.143%	$5.3M	$9.9M	75x	as long as short
Bitget PENGUUSDT	+0.0100%	4h	0.009084	−0.165%	$8.7M	$13.8M	75x	as long as short
BingX PENGU-USDC	+0.0100%	4h	0.009080	−0.209%	—	$2.3M	—	as long as short
Backpack PENGU_USDC_PERP	+0.0100%	1h	0.009092	−0.077%	$313K	$369K	10x	as long as short
Variational Omni PENGU	+0.0100%	4h	0.009082	−0.188%	$927K	$1.1M	—	as long as short
GRVT PENGU_USDT_Perp	+0.0100%	4h	0.009109	+0.111%	$482K	$2.1M	10x	as long as short
Orderly PERP_PENGU_USDC	+0.0100%	4h	0.009098	−0.011%	$23K	$195K	20x	as long as short
SunX PENGU-USDTshort	+0.0100%	4h	0.009308	+2.297%	$3K	$2.2M	10x
SoDEX PENGU-USD	+0.0100%	1h	0.009096	−0.033%	$1K	$5K	5x	as long as short
HTX PENGU-USDT	+0.0100%	4h	0.009114	+0.165%	$94K	$401K	25x	as long as short
Extended PENGU-USD	+0.0104%	1h	0.009084	−0.169%	$188K	$841K	10x	as long as short
Aevo PENGU-PERPlong	+0.0104%	1h	0.009099	long leg	$210K	—	3x
ApeX Omni PENGUUSDT	+0.0158%	1h	0.009120	+0.231%	$82K	$250K	50x	as long as short
Reya PENGURUSDPERP	+0.0240%	1h	0.009098	−0.011%	$307	—	10x	as long as short
Deribit PENGU_USDC-PERPETUAL	+0.0300%	1h	0.009102	+0.033%	$1K	$29K	10x	as long as short
BloFin PENGU-USDT	+0.0340%	4h	0.009104	+0.055%	$1.6M	$4.9M	75x	as long as short
01 Exchange PENGUUSD	+0.0368%	1h	0.009095	−0.044%	$208	$64	5x	as long as short
GMX PENGU/USD [WBTC.b-USDC]	L +0.0391% / S −0.0291%	1h	0.009089	−0.110%	$92K	—	100x	as long as short
Hyperliquid PENGU	+0.0555%	1h	0.009088	−0.121%	$9.3M	$15.9M	5x	as long as short
dYdX PENGU-USD	+0.0586%	1h	0.009081	−0.200%	$12K	$6K	5x	as long as short
Kraken Futures PF_PENGUUSD	+0.0670%	1h	0.009104	+0.055%	$338K	$2.5M	50x	as long as short
Coinbase International PENGU-PERP-INTX	+0.1664%	1h	0.009185	+0.945%	$81K	$69K	50x	as long as short