Funding arb · Price arb /

PENGU

all PENGU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.1652%/8h= −180.9% APRpaid last 24h −0.624%

Price spread now: Aster against Coinbase International+0.098%7-day average — · you sell dearer than you buy

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

Long on Coinbase International Short on Aster

What this pair did over the last

the charts below follow

Funding, last 7 days−1.811%−$181 on $10k

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropAster: Stage 5 · farm boardneeds both histories

The price spread pays, funding is against you. Aster is 0.098% dearer against Coinbase International than usual: you sell high and buy low (spread +0.098% now, against zero (this spread has no 7-day history yet)): +$10 on $10k if it goes back. Holding the pair costs −$50 a day in funding at the current rate, which eats that in about 5 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International PENGU-PERP-INTX	0.008806	0.1752	pay 0.0219% / 1h	56m 04s	$93K	$58K	50x
Short	Aster PENGUUSDT	0.008815	0.0100	get 0.0050% / 4h	2h 56m	$119K	$667K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Coinbase International. 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 Coinbase InternationalbpFee AsterbpOrdersPrice spread, now +0.098%Rate

Funding earned: −$346.92
Price spread: +0.098% → 0.000%: $9.79
Slippage, 4 orders: no order book: not counted
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Aster: 4 bp × 2 orders: −$8
Net: −$355.13
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: Coinbase International: no order-book sample; Aster: live order book, 57 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 Coinbase International no order-book sample	—	—	—	—	—
Sell Aster live order book, 57 min ago	4.95 bp	10.4 bp −$10	66.3 bp −$663	doesn't fit	doesn't fit

Coinbase International: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	0.008824	+0.204%	$18K	$10K	10x	as long as short
gTrade (Gains Network) PENGU/USD	L +0.0007% / S −0.0003%	1h	0.008819	+0.146%	$32K	—	150x	as long as short
Injective PENGU/USDC PERP	+0.0033%	1h	0.008789	−0.193%	$3K	$117K	5.5x	as long as short
Gate PENGU_USDT	+0.0066%	4h	0.008815	+0.102%	$3.3M	$16.4M	75x	as long as short
dYdX PENGU-USD	+0.0092%	1h	0.008793	−0.146%	$12K	$5K	5x	as long as short
Lighter PENGU	+0.0096%	1h	0.008821	+0.170%	$320K	$749K	8x	as long as short
Nado PENGU-PERP	+0.0100%	1h	0.008811	+0.060%	$591K	$1.1M	5x	as long as short
Hyperliquid PENGU	+0.0100%	1h	0.008819	+0.148%	$8.1M	$15.4M	5x	as long as short
Aster PENGUUSDTshort	+0.0100%	4h	0.008815	+0.098%	$119K	$667K	20x
Pacifica PENGU	+0.0100%	1h	0.008800	−0.068%	$133K	$274K	5x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance PENGUUSDT	+0.0100%	4h	0.008816	+0.113%	$37.1M	$175.3M	75x	as long as short
Bybit PENGUUSDT	+0.0100%	4h	0.008808	+0.023%	$23.4M	$41.6M	75x	as long as short
OKX PENGU-USDT-SWAP	+0.0100%	4h	0.008814	+0.091%	$7.6M	$50.1M	50x	as long as short
Arcus PENGU-USD	+0.0100%	1h	0.008800	−0.068%	$19K	$25K	5x	as long as short
MEXC PENGU_USDT	+0.0100%	4h	0.008809	+0.034%	$10.5M	$12.6M	125x	as long as short
KuCoin PENGUUSDTM	+0.0100%	4h	0.008817	+0.125%	$4.9M	$9.6M	75x	as long as short
Bitget PENGUUSDT	+0.0100%	4h	0.008818	+0.136%	$8.5M	$13.2M	75x	as long as short
BingX PENGU-USDT	+0.0100%	4h	0.008816	+0.114%	—	$3.6M	—	as long as short
Backpack PENGU_USDC_PERP	+0.0100%	1h	0.008812	+0.068%	$292K	$337K	10x	as long as short
Variational Omni PENGU	+0.0100%	4h	0.008812	+0.068%	$919K	$1.0M	—	as long as short
GRVT PENGU_USDT_Perp	+0.0100%	4h	0.008771	−0.397%	$465K	$2.1M	10x	as long as short
ApeX Omni PENGUUSDT	+0.0100%	1h	0.008758	−0.545%	$79K	$251K	50x	as long as short
Orderly PERP_PENGU_USDC	+0.0100%	4h	0.008822	+0.182%	$23K	$135K	20x	as long as short
SunX PENGU-USDT	+0.0100%	4h	0.009034	+2.589%	$3K	$2.1M	10x	as long as short
SoDEX PENGU-USD	+0.0100%	1h	0.008820	+0.159%	$1K	$5K	5x	as long as short
HTX PENGU-USDT	+0.0100%	4h	0.008832	+0.295%	$91K	$378K	25x	as long as short
Extended PENGU-USD	+0.0104%	1h	0.008814	+0.086%	$182K	$869K	10x	as long as short
Aevo PENGU-PERP	+0.0104%	1h	0.008815	+0.102%	$204K	—	3x	as long as short
01 Exchange PENGUUSD	+0.0200%	1h	0.008815	+0.102%	$202	$64	5x	as long as short
Reya PENGURUSDPERP	+0.0239%	1h	0.008811	+0.054%	$298	—	10x	as long as short
Kraken Futures PF_PENGUUSD	+0.0320%	1h	0.008825	+0.214%	$323K	$2.4M	50x	as long as short
BloFin PENGU-USDT	+0.0340%	4h	0.008810	+0.045%	$1.5M	$4.1M	75x	as long as short
GMX PENGU/USD [WBTC.b-USDC]	L +0.0499% / S −0.0415%	1h	0.008818	+0.136%	$126K	—	100x	as long as short
Coinbase International PENGU-PERP-INTXlong	+0.1752%	1h	0.008806	long leg	$93K	$58K	50x