PENGU

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0004%/8h= +0.4% APRnext payment +$0.00 per $10,000 · paid last 24h +0.001%

Price spread now: Aevo against ApeX Omni−0.444%7-day average −0.072% · you buy dearer than you sell

Net, funding: paid 7d − costs−$502as in the Funding arb table

Net, price: spread back to 7d avg − costs−$541as in the Price arb table

costs, in and out, $10k−$5045.040% of the position

Long on ApeX Omni Short on Aevo

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)+0.469%+$47 · spread now −0.444%, 7d avg −0.072%

Together, before fees+0.486%+$49 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: Aevo is 0.372% cheaper against ApeX Omni than usual: you would sell low and buy high, −$37 on $10k if it goes back to its 7-day average of −0.072%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	ApeX Omni PENGUUSDT	0.009238	0.0100	pay 0.0013% / 1h	59m 01s	$81K	$252K	50x
Short	Aevo PENGU-PERP	0.009197	0.0104	get 0.0013% / 1h	59m 01s	$212K	—	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aevo against ApeX Omni. 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 ApeX OmnibpFee AevobpOrdersPrice spread, now −0.444%Rate

Funding earned: $0.84
Price spread: −0.444% → −0.072%: −$37.21
Slippage, 4 orders: −$478.01
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee Aevo: 8 bp × 2 orders: −$16
Net: −$540.38
Costs to cover: 5.040%
Break-even: 4510.2 days

Slippage from ApeX Omni: live order book, 33 min ago; Aevo: live order book, 35 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 ApeX Omni live order book, 33 min ago	5.54 bp	13.6 bp −$14	98.7 bp −$987	doesn't fit	doesn't fit
Sell Aevo live order book, 35 min ago	60.54 bp	99.9 bp −$100	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	0.009228	−0.104%	$34K	—	150x	as long as short
Gate PENGU_USDT	+0.0030%	4h	0.009211	−0.292%	$3.8M	$17.5M	75x	as long as short
Injective PENGU/USDC PERP	+0.0033%	1h	0.008789	−4.860%	$3K	$117K	5.5x	as long as short
Deribit PENGU_USDC-PERPETUAL	+0.0076%	1h	0.009207	−0.336%	$1K	$28K	10x	as long as short
Lighter PENGU	+0.0096%	1h	0.009216	−0.238%	$330K	$700K	8x	as long as short
Nado PENGU-PERP	+0.0100%	1h	0.009206	−0.346%	$652K	$1.1M	5x	as long as short
Hyperliquid PENGU	+0.0100%	1h	0.009222	−0.173%	$9.6M	$16.7M	5x	as long as short
Aster PENGUUSDT	+0.0100%	4h	0.009218	−0.212%	$142K	$789K	20x	as long as short
Pacifica PENGU	+0.0100%	1h	0.009210	−0.303%	$140K	$235K	5x	as long as short
Binance PENGUUSDT	+0.0100%	4h	0.009216	−0.238%	$40.8M	$196.8M	75x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit PENGUUSDT	+0.0100%	4h	0.009206	−0.346%	$25.0M	$47.2M	75x	as long as short
OKX PENGU-USDT-SWAP	+0.0100%	4h	0.009207	−0.336%	$8.4M	$58.7M	50x	as long as short
Arcus PENGU-USD	+0.0100%	1h	0.009220	−0.195%	$19K	$26K	5x	as long as short
MEXC PENGU_USDT	+0.0100%	4h	0.009207	−0.336%	$12.4M	$12.8M	125x	as long as short
KuCoin PENGUUSDTM	+0.0100%	4h	0.009214	−0.260%	$5.2M	$10.7M	75x	as long as short
Bitget PENGUUSDT	+0.0100%	4h	0.009213	−0.271%	$9.0M	$15.0M	75x	as long as short
BingX PENGU-USDT	+0.0100%	4h	0.009212	−0.281%	—	$3.7M	—	as long as short
Backpack PENGU_USDC_PERP	+0.0100%	1h	0.009211	−0.292%	$305K	$371K	10x	as long as short
Variational Omni PENGU	+0.0100%	4h	0.009219	−0.208%	$953K	$1.2M	—	as long as short
GRVT PENGU_USDT_Perp	+0.0100%	4h	0.009227	−0.119%	$482K	$2.1M	10x	as long as short
ApeX Omni PENGUUSDTlong	+0.0100%	1h	0.009238	long leg	$81K	$252K	50x
Orderly PERP_PENGU_USDC	+0.0100%	4h	0.009205	−0.357%	$24K	$356K	20x	as long as short
SunX PENGU-USDT	+0.0100%	4h	0.009439	+2.176%	$2K	$2.1M	10x	as long as short
SoDEX PENGU-USD	+0.0100%	1h	0.009205	−0.357%	$1K	$5K	5x	as long as short
HTX PENGU-USDT	+0.0100%	4h	0.009224	−0.152%	$96K	$414K	25x	as long as short
Extended PENGU-USD	+0.0104%	1h	0.009203	−0.374%	$189K	$741K	10x	as long as short
Aevo PENGU-PERPshort	+0.0104%	1h	0.009197	−0.444%	$212K	—	3x
Kraken Futures PF_PENGUUSD	+0.0211%	1h	0.009213	−0.268%	$347K	$2.7M	50x	as long as short
Reya PENGURUSDPERP	+0.0241%	1h	0.009200	−0.406%	$311	—	10x	as long as short
BloFin PENGU-USDT	+0.0340%	4h	0.009195	−0.465%	$1.7M	$5.4M	75x	as long as short
GMX PENGU/USD [WBTC.b-USDC]	L +0.0434% / S −0.0351%	1h	0.009239	+0.011%	$106K	—	100x	as long as short
01 Exchange PENGUUSD	+0.0440%	1h	0.009221	−0.184%	$211	$141	5x	as long as short
dYdX PENGU-USD	+0.1353%	1h	0.009209	−0.318%	$22K	$18K	5x	as long as short
Coinbase International PENGU-PERP-INTX	+0.2288%	1h	0.009424	+2.013%	$81K	$87K	50x	as long as short