PENGU

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0180%/8h= −19.7% APRnext payment −$0.90 per $10,000 · paid last 24h 0.000%

Price spread now: Bybit against Aster−0.089%7-day average −0.085% · you buy dearer than you sell

Net, funding: paid 7d − costs−$59as in the Funding arb table

Net, price: spread back to 7d avg − costs−$48as in the Price arb table

costs, in and out, $10k−$480.479% of the position

Long on Aster Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.116%−$12 on $10k

Price spread, last 4 days (all we have)+0.033%+$3 · spread now −0.089%, 7d avg −0.085%

Together, before fees−0.082%+ Points / potential airdropAster: Stage 5 · farm board−$8 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.085%, so right now this pair is about funding alone: −$5 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster PENGUUSDT	0.008832	0.0100	pay 0.0050% / 4h	1h 38m	$175K	$465K	20x
Short	Bybit PENGUUSDT	0.008824	−0.0080	pay 0.0040% / 4h	1h 38m	$23.0M	$36.1M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now −0.089%Rate

Funding earned: −$37.8
Price spread: −0.089% → −0.085%: −$0.45
Slippage, 4 orders: −$28.91
Fee Aster: 4 bp × 2 orders: −$8
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$86.17
Costs to cover: 0.479%
Break-even: never at this rate

Slippage from Aster: live order book, 44 min ago; Bybit: live order book, 5 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, 44 min ago	5.16 bp	11.5 bp −$11	102.7 bp −$1,027	doesn't fit	doesn't fit
Sell Bybit live order book, 5 min ago	0.57 bp	11.3 bp −$11	24.7 bp −$247	100.6 bp −$10.1K	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
Kraken Futures PF_PENGUUSD	−0.0604%	1h	0.008834	+0.025%	$372K	$2.2M	50x	as long as short
Gate PENGU_USDT	−0.0320%	4h	0.008831	−0.010%	$3.5M	$15.5M	75x	as long as short
Deribit PENGU_USDC-PERPETUAL	−0.0203%	1h	0.008824	−0.089%	$19K	$9K	10x	as long as short
Bybit PENGUUSDTshort	−0.0080%	4h	0.008824	−0.089%	$23.0M	$36.1M	75x
01 Exchange PENGUUSD	−0.0080%	1h	0.008826	−0.067%	$202	$59	5x	as long as short
gTrade (Gains Network) PENGU/USD	L +0.0007% / S −0.0003%	1h	0.008837	+0.054%	$34K	—	150x	as long as short
Injective PENGU/USDC PERP	+0.0033%	1h	0.008715	−1.323%	$3K	$81K	5.5x	as long as short
Variational Omni PENGU	+0.0082%	4h	0.008816	−0.174%	$839K	$768K	—	as long as short
Lighter PENGU	+0.0096%	1h	0.008824	−0.089%	$302K	$726K	8x	as long as short
Nado PENGU-PERP	+0.0100%	1h	0.008821	−0.118%	$683K	$757K	5x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hyperliquid PENGU	+0.0100%	1h	0.008834	+0.024%	$8.8M	$15.0M	5x	as long as short
Aster PENGUUSDTlong	+0.0100%	4h	0.008832	long leg	$175K	$465K	20x
Pacifica PENGU	+0.0100%	1h	0.008823	−0.101%	$151K	$238K	5x	as long as short
Binance PENGUUSDT	+0.0100%	4h	0.008831	−0.008%	$36.6M	$151.9M	75x	as long as short
OKX PENGU-USDT-SWAP	+0.0100%	4h	0.008828	−0.044%	$7.7M	$47.2M	50x	as long as short
Arcus PENGU-USD	+0.0100%	1h	0.008820	−0.135%	$19K	$24K	5x	as long as short
MEXC PENGU_USDT	+0.0100%	4h	0.008832	+0.001%	$13.0M	$12.7M	125x	as long as short
KuCoin PENGUUSDTM	+0.0100%	4h	0.008831	−0.010%	$4.8M	$8.8M	75x	as long as short
Bitget PENGUUSDT	+0.0100%	4h	0.008824	−0.089%	$8.4M	$12.6M	75x	as long as short
BingX PENGU-USDT	+0.0100%	4h	0.008830	−0.021%	—	$3.9M	—	as long as short
Backpack PENGU_USDC_PERP	+0.0100%	1h	0.008823	−0.101%	$315K	$309K	10x	as long as short
GRVT PENGU_USDT_Perp	+0.0100%	4h	0.008825	−0.078%	$462K	$2.3M	10x	as long as short
ApeX Omni PENGUUSDT	+0.0100%	1h	0.008824	−0.089%	$80K	$253K	50x	as long as short
Orderly PERP_PENGU_USDC	+0.0100%	4h	0.008833	+0.013%	$24K	$186K	20x	as long as short
SunX PENGU-USDT	+0.0100%	4h	0.009044	+2.402%	$3K	$2.1M	10x	as long as short
SoDEX PENGU-USD	+0.0100%	1h	0.008824	−0.089%	$1K	$5K	5x	as long as short
HTX PENGU-USDT	+0.0100%	4h	0.008843	+0.126%	$92K	$250K	25x	as long as short
Extended PENGU-USD	+0.0104%	1h	0.008827	−0.056%	$182K	$682K	10x	as long as short
Aevo PENGU-PERP	+0.0104%	1h	0.008824	−0.089%	$204K	$17K	3x	as long as short
dYdX PENGU-USD	+0.0143%	1h	0.008824	−0.086%	$12K	$4K	5x	as long as short
Reya PENGURUSDPERP	+0.0237%	1h	0.008828	−0.042%	$298	—	10x	as long as short
BloFin PENGU-USDT	+0.0340%	4h	0.008819	−0.146%	$1.5M	$2.8M	75x	as long as short
GMX PENGU/USD [WBTC.b-USDC]	L +0.0511% / S −0.0711%	1h	0.008837	+0.058%	$115K	—	100x	as long as short
Coinbase International PENGU-PERP-INTX	+0.2504%	1h	0.008936	+1.179%	$95K	$105K	50x	as long as short