Funding arb · Price arb /

PENGU

all PENGU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: SunX against BingX+2.355%7-day average +2.725% · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on BingX Short on SunX

What this pair did over the last

the charts below follow

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

Price spread, last 3 days (all we have)+0.090%+$9 · spread now +2.355%, 7d avg +2.725%

Together, before fees+0.090%+$9 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: SunX is 0.370% cheaper against BingX than usual: you would sell low and buy high, −$37 on $10k if it goes back to its 7-day average of +2.725%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX PENGU-USDT	0.008791	0.0100	pay 0.0050% / 4h	2h 20m	—	$3.6M	—
Short	SunX PENGU-USDT	0.008998	0.0100	get 0.0050% / 4h	2h 20m	$3K	$2.1M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX against BingX. 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 BingXbpFee SunXbpOrdersPrice spread, now +2.355%Rate

Funding earned: $0
Price spread: +2.355% → +2.725%: −$37.02
Slippage, 4 orders: no order book: not counted
Fee BingX: 5 bp × 2 orders: −$10
Fee SunX: 4 bp × 2 orders: −$8
Net: −$55.02
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: BingX: live order book, 10 min ago; SunX: live order book, 6 min ago. Net counts fees only.

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 BingX live order book, 10 min ago	0.57 bp	7.3 bp −$7	14.1 bp −$141	62.4 bp −$6,240	375.8 bp −$187.9K
Sell SunX live order book, 6 min ago	251.63 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit

PENGU on 33 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	0.008788	−0.034%	$18K	$10K	10x	as long as short
gTrade (Gains Network) PENGU/USD	L +0.0007% / S −0.0003%	1h	0.008786	−0.054%	$32K	—	150x	as long as short
Injective PENGU/USDC PERP	+0.0033%	1h	0.008789	−0.023%	$3K	$117K	5.5x	as long as short
Gate PENGU_USDT	+0.0052%	4h	0.008789	−0.023%	$3.4M	$15.6M	75x	as long as short
Variational Omni PENGU	+0.0060%	4h	0.008804	+0.146%	$876K	$999K	—	as long as short
01 Exchange PENGUUSD	+0.0088%	1h	0.008787	−0.046%	$201	$64	5x	as long as short
Lighter PENGU	+0.0096%	1h	0.008792	+0.011%	$311K	$707K	8x	as long as short
Orderly PERP_PENGU_USDC	+0.0099%	4h	0.008785	−0.068%	$19K	$161K	20x	as long as short
Nado PENGU-PERP	+0.0100%	1h	0.008782	−0.100%	$591K	$990K	5x	as long as short
Hyperliquid PENGU	+0.0100%	1h	0.008794	+0.034%	$8.2M	$14.9M	5x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster PENGUUSDT	+0.0100%	4h	0.008787	−0.042%	$142K	$509K	20x	as long as short
Pacifica PENGU	+0.0100%	1h	0.008789	−0.023%	$155K	$245K	5x	as long as short
Binance PENGUUSDT	+0.0100%	4h	0.008790	−0.017%	$37.6M	$157.6M	75x	as long as short
Bybit PENGUUSDT	+0.0100%	4h	0.008781	−0.114%	$23.0M	$38.3M	75x	as long as short
OKX PENGU-USDT-SWAP	+0.0100%	4h	0.008790	−0.011%	$7.5M	$47.5M	50x	as long as short
Arcus PENGU-USD	+0.0100%	1h	0.008780	−0.125%	$19K	$24K	5x	as long as short
MEXC PENGU_USDT	+0.0100%	4h	0.008789	−0.023%	$11.9M	$12.9M	125x	as long as short
KuCoin PENGUUSDTM	+0.0100%	4h	0.008788	−0.034%	$4.7M	$9.1M	75x	as long as short
Bitget PENGUUSDT	+0.0100%	4h	0.008795	+0.046%	$8.3M	$12.7M	75x	as long as short
BingX PENGU-USDTlong	+0.0100%	4h	0.008791	long leg	—	$3.6M	—
Backpack PENGU_USDC_PERP	+0.0100%	1h	0.008792	+0.011%	$301K	$300K	10x	as long as short
GRVT PENGU_USDT_Perp	+0.0100%	4h	0.008820	+0.330%	$472K	$2.1M	10x	as long as short
ApeX Omni PENGUUSDT	+0.0100%	1h	0.008813	+0.250%	$80K	$249K	50x	as long as short
SunX PENGU-USDTshort	+0.0100%	4h	0.008998	+2.355%	$3K	$2.1M	10x
SoDEX PENGU-USD	+0.0100%	1h	0.008787	−0.046%	$1K	$5K	5x	as long as short
HTX PENGU-USDT	+0.0100%	4h	0.008812	+0.239%	$94K	$337K	25x	as long as short
Extended PENGU-USD	+0.0104%	1h	0.008784	−0.078%	$181K	$939K	10x	as long as short
Aevo PENGU-PERP	+0.0104%	1h	0.008779	−0.137%	$203K	—	3x	as long as short
Kraken Futures PF_PENGUUSD	+0.0210%	1h	0.008796	+0.056%	$359K	$2.3M	50x	as long as short
Reya PENGURUSDPERP	+0.0238%	1h	0.008784	−0.078%	$297	—	10x	as long as short
dYdX PENGU-USD	+0.0299%	1h	0.008790	−0.010%	$12K	$4K	5x	as long as short
GMX PENGU/USD [WBTC.b-USDC]	L +0.0512% / S −0.0708%	1h	0.008786	−0.057%	$114K	—	100x	as long as short
Coinbase International PENGU-PERP-INTX	+0.1352%	1h	0.008967	+2.002%	$95K	$94K	50x	as long as short