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 HTX+2.342%7-day average +2.365% · you sell dearer than you buy

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

Long on HTX Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.215%−$21 on $10k

Price spread, last 4 days (all we have)−0.196%−$20 · spread now +2.342%, 7d avg +2.365%

Together, before fees−0.410%−$41 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 0.023% cheaper against HTX than usual: you would sell low and buy high, −$2 on $10k if it goes back to its 7-day average of +2.365%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX PENGU-USDT	0.008840	0.0100	pay 0.0050% / 4h	22m 20s	$92K	$372K	25x
Short	SunX PENGU-USDT	0.009047	0.0100	get 0.0050% / 4h	22m 20s	$3K	$2.0M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX against HTX. 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 HTXbpFee SunXbpOrdersPrice spread, now +2.342%Rate

Funding earned: $0
Price spread: +2.342% → +2.365%: −$2.32
Slippage, 4 orders: no order book: not counted
Fee HTX: 6 bp × 2 orders: −$12
Fee SunX: 4 bp × 2 orders: −$8
Net: −$22.32
Costs to cover: 0.200%
Break-even: never at this rate

Slippage unknown: HTX: live order book, 36 min ago; SunX: live order book, 4 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 HTX live order book, 36 min ago	15.46 bp	22.6 bp −$23	doesn't fit	doesn't fit	doesn't fit
Sell SunX live order book, 4 min ago	244.52 bp	doesn't fit	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
Deribit PENGU_USDC-PERPETUAL	0.0000%	1h	0.008833	−0.079%	$18K	$10K	10x	as long as short
gTrade (Gains Network) PENGU/USD	L +0.0007% / S −0.0003%	1h	0.008827	−0.149%	$33K	—	150x	as long as short
Injective PENGU/USDC PERP	+0.0033%	1h	0.008789	−0.577%	$3K	$117K	5.5x	as long as short
Gate PENGU_USDT	+0.0078%	4h	0.008828	−0.136%	$3.3M	$15.7M	75x	as long as short
Lighter PENGU	+0.0096%	1h	0.008830	−0.113%	$314K	$719K	8x	as long as short
Orderly PERP_PENGU_USDC	+0.0099%	4h	0.008830	−0.113%	$23K	$118K	20x	as long as short
Nado PENGU-PERP	+0.0100%	1h	0.008835	−0.051%	$596K	$1.0M	5x	as long as short
Hyperliquid PENGU	+0.0100%	1h	0.008839	−0.011%	$8.2M	$14.7M	5x	as long as short
Aster PENGUUSDT	+0.0100%	4h	0.008834	−0.071%	$119K	$589K	20x	as long as short
Pacifica PENGU	+0.0100%	1h	0.008824	−0.181%	$155K	$241K	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	0.008823	−0.196%	$36.9M	$163.3M	75x	as long as short
Bybit PENGUUSDT	+0.0100%	4h	0.008809	−0.351%	$23.3M	$39.5M	75x	as long as short
OKX PENGU-USDT-SWAP	+0.0100%	4h	0.008808	−0.362%	$7.4M	$47.4M	50x	as long as short
Arcus PENGU-USD	+0.0100%	1h	0.008840	0.000%	$19K	$24K	5x	as long as short
MEXC PENGU_USDT	+0.0100%	4h	0.008828	−0.136%	$10.9M	$12.4M	125x	as long as short
KuCoin PENGUUSDTM	+0.0100%	4h	0.008836	−0.045%	$4.9M	$9.2M	75x	as long as short
Bitget PENGUUSDT	+0.0100%	4h	0.008831	−0.102%	$8.3M	$12.3M	75x	as long as short
BingX PENGU-USDT	+0.0100%	4h	0.008826	−0.158%	—	$3.5M	—	as long as short
Backpack PENGU_USDC_PERP	+0.0100%	1h	0.008815	−0.283%	$292K	$314K	10x	as long as short
Variational Omni PENGU	+0.0100%	4h	0.008840	−0.002%	$918K	$1.0M	—	as long as short
GRVT PENGU_USDT_Perp	+0.0100%	4h	0.008868	+0.316%	$462K	$2.1M	10x	as long as short
ApeX Omni PENGUUSDT	+0.0100%	1h	0.008843	+0.034%	$80K	$242K	50x	as long as short
SunX PENGU-USDTshort	+0.0100%	4h	0.009047	+2.342%	$3K	$2.0M	10x
SoDEX PENGU-USD	+0.0100%	1h	0.008825	−0.170%	$1K	$5K	5x	as long as short
HTX PENGU-USDTlong	+0.0100%	4h	0.008840	long leg	$92K	$372K	25x
Extended PENGU-USD	+0.0104%	1h	0.008826	−0.161%	$185K	$941K	10x	as long as short
01 Exchange PENGUUSD	+0.0104%	1h	0.008841	+0.011%	$202	$64	5x	as long as short
Aevo PENGU-PERP	+0.0104%	1h	0.008822	−0.204%	$204K	—	3x	as long as short
Reya PENGURUSDPERP	+0.0239%	1h	0.008828	−0.131%	$298	—	10x	as long as short
BloFin PENGU-USDT	+0.0340%	4h	0.008820	−0.226%	$1.5M	$3.7M	75x	as long as short
Kraken Futures PF_PENGUUSD	+0.0363%	1h	0.008834	−0.067%	$346K	$2.3M	50x	as long as short
GMX PENGU/USD [WBTC.b-USDC]	L +0.0499% / S −0.0492%	1h	0.008825	−0.170%	$119K	—	100x	as long as short
dYdX PENGU-USD	+0.0508%	1h	0.008821	−0.211%	$12K	$5K	5x	as long as short
Coinbase International PENGU-PERP-INTX	+0.2928%	1h	0.008950	+1.244%	$96K	$62K	50x	as long as short