Funding arb · Price arb /

PENGU

all PENGU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: HTX against ApeX Omni+0.928%7-day average +0.234% · you sell dearer than you buy

Net, funding: paid 7d − costs−$165as in the Funding arb table

Net, price: spread back to 7d avg − costs−$118as in the Price arb table

costs, in and out, $10k−$1881.877% of the position

Long on ApeX Omni Short on HTX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.226%+$23 on $10k

Price spread, last 4 days (all we have)−0.614%−$61 · spread now +0.928%, 7d avg +0.234%

Together, before fees−0.388%−$39 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 0.694% dearer against ApeX Omni than usual: you sell high and buy low, +$69 on $10k if it goes back to its 7-day average of +0.234%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	ApeX Omni PENGUUSDT	0.009050	0.0100	pay 0.0013% / 1h	25m 16s	$79K	$252K	50x
Short	HTX PENGU-USDT	0.009134	0.0100	get 0.0050% / 4h	1h 25m	$94K	$404K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX 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 HTXbpOrdersPrice spread, now +0.928%Rate

Funding earned: $0
Price spread: +0.928% → +0.234%: $69.4
Slippage, 4 orders: −$165.68
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee HTX: 6 bp × 2 orders: −$12
Net: −$118.28
Costs to cover: 1.877%
Break-even: never at this rate

Slippage from ApeX Omni: live order book, 16 min ago; HTX: live order book, 18 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, 16 min ago	6.06 bp	13.8 bp −$14	117.2 bp −$1,172	doesn't fit	doesn't fit
Sell HTX live order book, 18 min ago	19.25 bp	133.5 bp −$134	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	0.009110	+0.665%	$34K	—	150x	as long as short
Injective PENGU/USDC PERP	+0.0033%	1h	0.008789	−2.884%	$3K	$117K	5.5x	as long as short
Lighter PENGU	+0.0096%	1h	0.009116	+0.729%	$327K	$768K	8x	as long as short
Nado PENGU-PERP	+0.0100%	1h	0.009129	+0.876%	$643K	$1.1M	5x	as long as short
Aster PENGUUSDT	+0.0100%	4h	0.009109	+0.652%	$144K	$716K	20x	as long as short
Pacifica PENGU	+0.0100%	1h	0.009109	+0.652%	$137K	$276K	5x	as long as short
Binance PENGUUSDT	+0.0100%	4h	0.009111	+0.674%	$39.8M	$189.3M	75x	as long as short
Bybit PENGUUSDT	+0.0100%	4h	0.009101	+0.564%	$24.1M	$44.2M	75x	as long as short
OKX PENGU-USDT-SWAP	+0.0100%	4h	0.009106	+0.619%	$8.1M	$55.0M	50x	as long as short
Arcus PENGU-USD	+0.0100%	1h	0.009120	+0.773%	$18K	$25K	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	0.009117	+0.740%	$3.5M	$17.2M	75x	as long as short
MEXC PENGU_USDT	+0.0100%	4h	0.009111	+0.674%	$11.0M	$12.9M	125x	as long as short
KuCoin PENGUUSDTM	+0.0100%	4h	0.009117	+0.740%	$5.1M	$10.2M	75x	as long as short
Bitget PENGUUSDT	+0.0100%	4h	0.009113	+0.696%	$8.7M	$13.9M	75x	as long as short
BingX PENGU-USDT	+0.0100%	4h	0.009106	+0.619%	—	$3.9M	—	as long as short
Backpack PENGU_USDC_PERP	+0.0100%	1h	0.009107	+0.630%	$310K	$362K	10x	as long as short
Variational Omni PENGU	+0.0100%	4h	0.009105	+0.607%	$927K	$1.1M	—	as long as short
GRVT PENGU_USDT_Perp	+0.0100%	4h	0.009054	+0.044%	$475K	$2.1M	10x	as long as short
ApeX Omni PENGUUSDTlong	+0.0100%	1h	0.009050	long leg	$79K	$252K	50x
Orderly PERP_PENGU_USDC	+0.0100%	4h	0.009114	+0.707%	$23K	$226K	20x	as long as short
SunX PENGU-USDT	+0.0100%	4h	0.009335	+3.149%	$3K	$2.2M	10x	as long as short
SoDEX PENGU-USD	+0.0100%	1h	0.009111	+0.674%	$1K	$5K	5x	as long as short
HTX PENGU-USDTshort	+0.0100%	4h	0.009134	+0.928%	$94K	$404K	25x
Extended PENGU-USD	+0.0104%	1h	0.009109	+0.655%	$187K	$526K	10x	as long as short
Aevo PENGU-PERP	+0.0104%	1h	0.009105	+0.608%	$210K	—	3x	as long as short
Deribit PENGU_USDC-PERPETUAL	+0.0189%	1h	0.009115	+0.718%	$1K	$29K	10x	as long as short
Reya PENGURUSDPERP	+0.0240%	1h	0.009115	+0.721%	$308	—	10x	as long as short
Hyperliquid PENGU	+0.0266%	1h	0.009115	+0.718%	$9.2M	$16.3M	5x	as long as short
01 Exchange PENGUUSD	+0.0336%	1h	0.009128	+0.862%	$209	$60	5x	as long as short
BloFin PENGU-USDT	+0.0340%	4h	0.009117	+0.740%	$1.6M	$4.9M	75x	as long as short
GMX PENGU/USD [WBTC.b-USDC]	L +0.0443% / S −0.0368%	1h	0.009045	−0.055%	$107K	—	100x	as long as short
dYdX PENGU-USD	+0.0639%	1h	0.009101	+0.569%	$12K	$6K	5x	as long as short
Kraken Futures PF_PENGUUSD	+0.0669%	1h	0.009117	+0.737%	$340K	$2.5M	50x	as long as short
Coinbase International PENGU-PERP-INTX	+0.1664%	1h	0.009135	+0.939%	$80K	$70K	50x	as long as short