PENGU

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0004%/8h= −0.4% APRnext payment −$0.01 per $10,000 · paid last 24h −0.001%

Price spread now: Lighter against ApeX Omni+0.172%48s7-day average 0.000% · you sell dearer than you buy

Net, funding: paid 7d − costs−$46as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$460.459% of the position

Long on ApeX Omni Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days0.000%$0 on $10k

Price spread, last 4 days (all we have)−0.215%−$21 · spread now +0.172%, 7d avg 0.000%

Together, before fees−0.215%+ Points / potential airdropLighter: Season 3 · farm board−$21 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: Lighter is 0.172% dearer against ApeX Omni than usual: you sell high and buy low, +$17 on $10k if it goes back to its 7-day average of 0.000%. The two prices were read 48 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	ApeX Omni PENGUUSDT	0.008731	0.0100	pay 0.0013% / 1h	28m 17s	$79K	$250K	50x
Short	Lighter PENGU	0.008746	0.0096	get 0.0012% / 1h	28m 17s	$317K	$750K	8x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter 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 LighterbpOrdersPrice spread, now +0.172%Rate

Funding earned: −$0.84
Price spread: +0.172% → 0.000%: $17.2
Slippage, 4 orders: −$35.91
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee Lighter: 0 bp × 2 orders: $0
Net: −$29.56
Costs to cover: 0.459%
Break-even: never at this rate

Slippage from ApeX Omni: live order book, 18 min ago; Lighter: live order book, 17 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, 18 min ago	5.11 bp	13.1 bp −$13	103.8 bp −$1,038	doesn't fit	doesn't fit
Sell Lighter live order book, 17 min ago	1.70 bp	8.0 bp −$8	73.4 bp −$734	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
Deribit PENGU_USDC-PERPETUAL	0.0000%	1h	0.008753	+0.252%	$17K	$12K	10x	as long as short
gTrade (Gains Network) PENGU/USD	L +0.0007% / S −0.0003%	1h	0.008742	+0.130%	$32K	—	150x	as long as short
Injective PENGU/USDC PERP	+0.0033%	1h	0.008789	+0.664%	$3K	$117K	5.5x	as long as short
Lighter PENGUshort	+0.0096%	1h	0.008746	+0.172%	$317K	$750K	8x
Hyperliquid PENGU	+0.0100%	1h	0.008750	+0.218%	$8.0M	$15.3M	5x	as long as short
Aster PENGUUSDT	+0.0100%	4h	0.008746	+0.176%	$120K	$667K	20x	as long as short
Pacifica PENGU	+0.0100%	1h	0.008747	+0.183%	$133K	$274K	5x	as long as short
Binance PENGUUSDT	+0.0100%	4h	0.008743	+0.137%	$36.8M	$177.0M	75x	as long as short
Bybit PENGUUSDT	+0.0100%	4h	0.008741	+0.115%	$23.2M	$41.8M	75x	as long as short
OKX PENGU-USDT-SWAP	+0.0100%	4h	0.008749	+0.206%	$7.5M	$50.4M	50x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Arcus PENGU-USD	+0.0100%	1h	0.008750	+0.218%	$18K	$25K	5x	as long as short
Gate PENGU_USDT	+0.0100%	4h	0.008743	+0.137%	$3.3M	$16.5M	75x	as long as short
MEXC PENGU_USDT	+0.0100%	4h	0.008745	+0.160%	$10.4M	$12.6M	125x	as long as short
KuCoin PENGUUSDTM	+0.0100%	4h	0.008747	+0.183%	$4.9M	$9.7M	75x	as long as short
Bitget PENGUUSDT	+0.0100%	4h	0.008753	+0.252%	$8.3M	$13.4M	75x	as long as short
BingX PENGU-USDC	+0.0100%	4h	0.008751	+0.229%	—	$2.3M	—	as long as short
Backpack PENGU_USDC_PERP	+0.0100%	1h	0.008762	+0.355%	$289K	$339K	10x	as long as short
Variational Omni PENGU	+0.0100%	4h	0.008739	+0.093%	$912K	$1.0M	—	as long as short
GRVT PENGU_USDT_Perp	+0.0100%	4h	0.008745	+0.165%	$457K	$2.1M	10x	as long as short
ApeX Omni PENGUUSDTlong	+0.0100%	1h	0.008731	long leg	$79K	$250K	50x
Nado PENGU-PERP	+0.0100%	1h	0.008741	+0.115%	$586K	$1.1M	5x	as long as short
Orderly PERP_PENGU_USDC	+0.0100%	4h	0.008751	+0.229%	$23K	$166K	20x	as long as short
SunX PENGU-USDT	+0.0100%	4h	0.008947	+2.474%	$3K	$2.1M	10x	as long as short
SoDEX PENGU-USD	+0.0100%	1h	0.008754	+0.263%	$1K	$5K	5x	as long as short
HTX PENGU-USDT	+0.0100%	4h	0.008765	+0.389%	$91K	$392K	25x	as long as short
Extended PENGU-USD	+0.0104%	1h	0.008750	+0.212%	$182K	$872K	10x	as long as short
Aevo PENGU-PERP	+0.0104%	1h	0.008745	+0.160%	$202K	—	3x	as long as short
01 Exchange PENGUUSD	+0.0176%	1h	0.008752	+0.241%	$200	$64	5x	as long as short
dYdX PENGU-USD	+0.0193%	1h	0.008752	+0.238%	$12K	$6K	5x	as long as short
Reya PENGURUSDPERP	+0.0240%	1h	0.008742	+0.124%	$295	—	10x	as long as short
Kraken Futures PF_PENGUUSD	+0.0322%	1h	0.008757	+0.294%	$319K	$2.4M	50x	as long as short
BloFin PENGU-USDT	+0.0340%	4h	0.008774	+0.492%	$1.5M	$4.4M	75x	as long as short
GMX PENGU/USD [WBTC.b-USDC]	L +0.0500% / S −0.0466%	1h	0.008743	+0.137%	$121K	—	100x	as long as short
Coinbase International PENGU-PERP-INTX	+0.1752%	1h	0.008825	+1.077%	$78K	$76K	50x	as long as short