PENGU

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0240%/8h= −26.3% APRnext payment −$1.20 per $10,000 · paid last 24h −0.072%

Price spread now: HTX against BloFin+0.209%7-day average +0.272% · you sell dearer than you buy

Net, funding: paid 7d − costs−$202as in the Funding arb table

Net, price: spread back to 7d avg − costs−$182as in the Price arb table

costs, in and out, $10k−$1761.756% of the position

Long on BloFin Short on HTX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.260%−$26 on $10k

Price spread, last 4 days (all we have)−0.016%−$2 · spread now +0.209%, 7d avg +0.272%

Together, before fees−0.276%−$28 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$7 a day on $10k at the current rate, and HTX is 0.063% cheaper against BloFin than usual: you would sell low and buy high (−$6 if the spread goes back to its 7-day average of +0.272%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin PENGU-USDT	0.009095	0.0340	pay 0.0170% / 4h	2h 06m	$1.5M	$4.9M	75x
Short	HTX PENGU-USDT	0.009114	0.0100	get 0.0050% / 4h	2h 06m	$94K	$401K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX against BloFin. 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 BloFinbpFee HTXbpOrdersPrice spread, now +0.209%Rate

Funding earned: −$50.4
Price spread: +0.209% → +0.272%: −$6.34
Slippage, 4 orders: −$151.62
Fee BloFin: 6 bp × 2 orders: −$12
Fee HTX: 6 bp × 2 orders: −$12
Net: −$232.36
Costs to cover: 1.756%
Break-even: never at this rate

Slippage from BloFin: live order book, 7 min ago; HTX: live order book, 41 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 BloFin live order book, 7 min ago	1.12 bp	9.8 bp −$10	18.5 bp −$185	49.7 bp −$4,969	doesn't fit
Sell HTX live order book, 41 min ago	5.09 bp	142.2 bp −$142	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	0.009096	+0.012%	$33K	—	150x	as long as short
Injective PENGU/USDC PERP	+0.0033%	1h	0.008789	−3.364%	$3K	$117K	5.5x	as long as short
Lighter PENGU	+0.0096%	1h	0.009094	−0.011%	$334K	$759K	8x	as long as short
Nado PENGU-PERP	+0.0100%	1h	0.009103	+0.093%	$635K	$1.1M	5x	as long as short
Hyperliquid PENGU	+0.0100%	1h	0.009104	+0.099%	$9.4M	$15.8M	5x	as long as short
Aster PENGUUSDT	+0.0100%	4h	0.009085	−0.110%	$121K	$691K	20x	as long as short
Pacifica PENGU	+0.0100%	1h	0.009085	−0.110%	$139K	$285K	5x	as long as short
Binance PENGUUSDT	+0.0100%	4h	0.009083	−0.132%	$39.7M	$183.5M	75x	as long as short
Bybit PENGUUSDT	+0.0100%	4h	0.009074	−0.231%	$24.0M	$43.1M	75x	as long as short
OKX PENGU-USDT-SWAP	+0.0100%	4h	0.009080	−0.165%	$7.9M	$53.8M	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	0.009090	−0.055%	$18K	$26K	5x	as long as short
Gate PENGU_USDT	+0.0100%	4h	0.009075	−0.220%	$3.4M	$16.9M	75x	as long as short
MEXC PENGU_USDT	+0.0100%	4h	0.009084	−0.121%	$11.0M	$12.8M	125x	as long as short
KuCoin PENGUUSDTM	+0.0100%	4h	0.009087	−0.088%	$5.2M	$9.9M	75x	as long as short
Bitget PENGUUSDT	+0.0100%	4h	0.009084	−0.121%	$8.7M	$13.7M	75x	as long as short
BingX PENGU-USDC	+0.0100%	4h	0.009073	−0.242%	—	$2.3M	—	as long as short
Backpack PENGU_USDC_PERP	+0.0100%	1h	0.009089	−0.066%	$297K	$359K	10x	as long as short
Variational Omni PENGU	+0.0100%	4h	0.009071	−0.265%	$947K	$1.0M	—	as long as short
GRVT PENGU_USDT_Perp	+0.0100%	4h	0.009071	−0.264%	$478K	$2.1M	10x	as long as short
ApeX Omni PENGUUSDT	+0.0100%	1h	0.009070	−0.275%	$82K	$250K	50x	as long as short
Orderly PERP_PENGU_USDC	+0.0100%	4h	0.009111	+0.176%	$23K	$186K	20x	as long as short
SunX PENGU-USDT	+0.0100%	4h	0.009322	+2.496%	$3K	$2.2M	10x	as long as short
SoDEX PENGU-USD	+0.0100%	1h	0.009104	+0.099%	$1K	$5K	5x	as long as short
HTX PENGU-USDTshort	+0.0100%	4h	0.009114	+0.209%	$94K	$401K	25x
Extended PENGU-USD	+0.0104%	1h	0.009074	−0.229%	$187K	$841K	10x	as long as short
Aevo PENGU-PERP	+0.0104%	1h	0.009104	+0.099%	$210K	—	3x	as long as short
Reya PENGURUSDPERP	+0.0240%	1h	0.009103	+0.084%	$307	—	10x	as long as short
01 Exchange PENGUUSD	+0.0256%	1h	0.009116	+0.231%	$209	$64	5x	as long as short
dYdX PENGU-USD	+0.0268%	1h	0.009079	−0.172%	$12K	$6K	5x	as long as short
Kraken Futures PF_PENGUUSD	+0.0310%	1h	0.009111	+0.172%	$340K	$2.5M	50x	as long as short
BloFin PENGU-USDTlong	+0.0340%	4h	0.009095	long leg	$1.5M	$4.9M	75x
GMX PENGU/USD [WBTC.b-USDC]	L +0.0391% / S −0.0291%	1h	0.009100	+0.055%	$93K	—	100x	as long as short
Deribit PENGU_USDC-PERPETUAL	+0.0519%	1h	0.009108	+0.143%	$1K	$28K	10x	as long as short
Coinbase International PENGU-PERP-INTX	+0.1752%	1h	0.009185	+0.990%	$81K	$80K	50x	as long as short