Funding arb · Price arb /

PENGU

all PENGU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Binance against Aster−0.157%7-day average −0.042% · you buy dearer than you sell

Net, funding: paid 7d − costs−$38as in the Funding arb table

Net, price: spread back to 7d avg − costs−$49as in the Price arb table

costs, in and out, $10k−$380.376% of the position

Long on Aster Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−0.007%−$1 on $10k

Price spread, last 4 days (all we have)+0.162%+$16 · spread now −0.157%, 7d avg −0.042%

Together, before fees+0.155%+ Points / potential airdropAster: Stage 5 · farm board+$15 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: Binance is 0.116% cheaper against Aster than usual: you would sell low and buy high, −$12 on $10k if it goes back to its 7-day average of −0.042%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster PENGUUSDT	0.008853	0.0100	pay 0.0050% / 4h	3h 10m	$136K	$661K	20x
Short	Binance PENGUUSDT	0.008839	0.0100	get 0.0050% / 4h	3h 10m	$37.5M	$173.3M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Aster. 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 AsterbpFee BinancebpOrdersPrice spread, now −0.157%Rate

Funding earned: $0
Price spread: −0.157% → −0.042%: −$11.56
Slippage, 4 orders: −$19.6
Fee Aster: 4 bp × 2 orders: −$8
Fee Binance: 5 bp × 2 orders: −$10
Net: −$49.16
Costs to cover: 0.376%
Break-even: never at this rate

Slippage from Aster: live order book, 42 min ago; Binance: live order book, 3 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 Aster live order book, 42 min ago	4.95 bp	10.9 bp −$11	61.5 bp −$615	doesn't fit	doesn't fit
Sell Binance live order book, 3 min ago	0.56 bp	8.1 bp −$8	17.7 bp −$177	63.0 bp −$6,302	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
Gate PENGU_USDT	0.0000%	4h	0.008845	−0.090%	$3.3M	$16.5M	75x	as long as short
Deribit PENGU_USDC-PERPETUAL	0.0000%	1h	0.008846	−0.079%	$18K	$10K	10x	as long as short
gTrade (Gains Network) PENGU/USD	L +0.0007% / S −0.0003%	1h	0.008844	−0.104%	$33K	—	150x	as long as short
Injective PENGU/USDC PERP	+0.0033%	1h	0.008789	−0.722%	$3K	$117K	5.5x	as long as short
dYdX PENGU-USD	+0.0062%	1h	0.008863	+0.112%	$12K	$5K	5x	as long as short
Lighter PENGU	+0.0096%	1h	0.008846	−0.079%	$322K	$752K	8x	as long as short
01 Exchange PENGUUSD	+0.0096%	1h	0.008860	+0.080%	$203	$64	5x	as long as short
Nado PENGU-PERP	+0.0100%	1h	0.008859	+0.074%	$594K	$1.1M	5x	as long as short
Hyperliquid PENGU	+0.0100%	1h	0.008859	+0.068%	$8.4M	$15.1M	5x	as long as short
Aster PENGUUSDTlong	+0.0100%	4h	0.008853	long leg	$136K	$661K	20x

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica PENGU	+0.0100%	1h	0.008864	+0.125%	$135K	$273K	5x	as long as short
Binance PENGUUSDTshort	+0.0100%	4h	0.008839	−0.157%	$37.5M	$173.3M	75x
Bybit PENGUUSDT	+0.0100%	4h	0.008837	−0.180%	$23.5M	$41.3M	75x	as long as short
OKX PENGU-USDT-SWAP	+0.0100%	4h	0.008843	−0.113%	$7.7M	$49.9M	50x	as long as short
Arcus PENGU-USD	+0.0100%	1h	0.008860	+0.080%	$19K	$25K	5x	as long as short
MEXC PENGU_USDT	+0.0100%	4h	0.008855	+0.023%	$10.8M	$12.7M	125x	as long as short
KuCoin PENGUUSDTM	+0.0100%	4h	0.008856	+0.034%	$4.9M	$9.5M	75x	as long as short
Bitget PENGUUSDT	+0.0100%	4h	0.008848	−0.056%	$8.6M	$13.1M	75x	as long as short
BingX PENGU-USDT	+0.0100%	4h	0.008847	−0.067%	—	$3.5M	—	as long as short
Backpack PENGU_USDC_PERP	+0.0100%	1h	0.008861	+0.091%	$296K	$327K	10x	as long as short
Variational Omni PENGU	+0.0100%	4h	0.008857	+0.044%	$925K	$1.0M	—	as long as short
GRVT PENGU_USDT_Perp	+0.0100%	4h	0.008904	+0.577%	$472K	$2.1M	10x	as long as short
ApeX Omni PENGUUSDT	+0.0100%	1h	0.008904	+0.577%	$81K	$251K	50x	as long as short
Orderly PERP_PENGU_USDC	+0.0100%	4h	0.008845	−0.090%	$23K	$123K	20x	as long as short
SunX PENGU-USDT	+0.0100%	4h	0.009075	+2.508%	$3K	$2.1M	10x	as long as short
SoDEX PENGU-USD	+0.0100%	1h	0.008844	−0.101%	$1K	$5K	5x	as long as short
HTX PENGU-USDT	+0.0100%	4h	0.008873	+0.226%	$92K	$378K	25x	as long as short
Extended PENGU-USD	+0.0104%	1h	0.008845	−0.095%	$183K	$869K	10x	as long as short
Aevo PENGU-PERP	+0.0104%	1h	0.008841	−0.135%	$204K	—	3x	as long as short
Reya PENGURUSDPERP	+0.0239%	1h	0.008851	−0.028%	$299	—	10x	as long as short
BloFin PENGU-USDT	+0.0340%	4h	0.008871	+0.204%	$1.5M	$4.1M	75x	as long as short
GMX PENGU/USD [WBTC.b-USDC]	L +0.0500% / S −0.0415%	1h	0.008847	−0.067%	$126K	—	100x	as long as short
Kraken Futures PF_PENGUUSD	+0.0618%	1h	0.008851	−0.024%	$324K	$2.4M	50x	as long as short
Coinbase International PENGU-PERP-INTX	+0.2704%	1h	0.008954	+1.141%	$94K	$59K	50x	as long as short