PENGU

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0004%/8h= +0.4% APRnext payment +$0.00 per $10,000 · paid last 24h −0.015%

Price spread now: Aevo against Hyperliquid+0.055%54s7-day average −0.075% · you sell dearer than you buy

Net, funding: paid 7d − costs−$490as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$4984.983% of the position

Long on Hyperliquid Short on Aevo

What this pair did over the last

the charts below follow

Funding, last 7 days+0.078%+$8 on $10k

Price spread, last 4 days (all we have)−0.245%−$24 · spread now +0.055%, 7d avg −0.075%

Together, before fees−0.167%+ Points / potential airdropHyperliquid: Season 2 · farm board−$17 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: Aevo is 0.129% dearer against Hyperliquid than usual: you sell high and buy low, +$13 on $10k if it goes back to its 7-day average of −0.075%. The two prices were read 54 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hyperliquid PENGU	0.009134	0.0100	pay 0.0013% / 1h	22m 25s	$9.3M	$16.7M	5x
Short	Aevo PENGU-PERP	0.009139	0.0104	get 0.0013% / 1h	22m 25s	$211K	—	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aevo against Hyperliquid. 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 HyperliquidbpFee AevobpOrdersPrice spread, now +0.055%Rate

Funding earned: $0.84
Price spread: +0.055% → −0.075%: $12.94
Slippage, 4 orders: −$473.29
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Fee Aevo: 8 bp × 2 orders: −$16
Net: −$484.51
Costs to cover: 4.983%
Break-even: 4044.6 days

Slippage from Hyperliquid: live order book, 10 min ago; Aevo: live order book, 11 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 Hyperliquid live order book, 10 min ago	1.11 bp	12.1 bp −$12	doesn't fit	doesn't fit	doesn't fit
Sell Aevo live order book, 11 min ago	60.54 bp	99.9 bp −$100	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
Gate PENGU_USDT	−0.0266%	4h	0.009129	−0.055%	$3.7M	$18.1M	75x	as long as short
gTrade (Gains Network) PENGU/USD	L +0.0007% / S −0.0003%	1h	0.009140	+0.065%	$34K	—	150x	as long as short
Injective PENGU/USDC PERP	+0.0033%	1h	0.008789	−3.777%	$3K	$117K	5.5x	as long as short
Lighter PENGU	+0.0096%	1h	0.009148	+0.153%	$328K	$768K	8x	as long as short
Nado PENGU-PERP	+0.0100%	1h	0.009134	−0.003%	$648K	$1.1M	5x	as long as short
Hyperliquid PENGUlong	+0.0100%	1h	0.009134	long leg	$9.3M	$16.7M	5x
Aster PENGUUSDT	+0.0100%	4h	0.009131	−0.030%	$131K	$770K	20x	as long as short
Pacifica PENGU	+0.0100%	1h	0.009139	+0.055%	$139K	$275K	5x	as long as short
Binance PENGUUSDT	+0.0100%	4h	0.009133	−0.014%	$40.6M	$197.9M	75x	as long as short
Bybit PENGUUSDT	+0.0100%	4h	0.009122	−0.131%	$24.6M	$47.3M	75x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX PENGU-USDT-SWAP	+0.0100%	4h	0.009127	−0.077%	$8.2M	$58.4M	50x	as long as short
Arcus PENGU-USD	+0.0100%	1h	0.009140	+0.066%	$19K	$26K	5x	as long as short
MEXC PENGU_USDT	+0.0100%	4h	0.009135	+0.011%	$11.7M	$13.0M	125x	as long as short
KuCoin PENGUUSDTM	+0.0100%	4h	0.009131	−0.033%	$5.0M	$10.6M	75x	as long as short
Bitget PENGUUSDT	+0.0100%	4h	0.009135	+0.011%	$8.8M	$15.2M	75x	as long as short
BingX PENGU-USDC	+0.0100%	4h	0.009125	−0.099%	—	$2.3M	—	as long as short
Backpack PENGU_USDC_PERP	+0.0100%	1h	0.009144	+0.109%	$301K	$391K	10x	as long as short
Variational Omni PENGU	+0.0100%	4h	0.009015	−1.306%	$923K	$1.2M	—	as long as short
GRVT PENGU_USDT_Perp	+0.0100%	4h	0.009062	−0.789%	$476K	$2.1M	10x	as long as short
ApeX Omni PENGUUSDT	+0.0100%	1h	0.009053	−0.887%	$80K	$252K	50x	as long as short
Orderly PERP_PENGU_USDC	+0.0100%	4h	0.009143	+0.099%	$24K	$335K	20x	as long as short
SunX PENGU-USDT	+0.0100%	4h	0.009362	+2.496%	$3K	$2.2M	10x	as long as short
SoDEX PENGU-USD	+0.0100%	1h	0.009145	+0.120%	$1K	$5K	5x	as long as short
HTX PENGU-USDT	+0.0100%	4h	0.009146	+0.131%	$95K	$416K	25x	as long as short
Extended PENGU-USD	+0.0104%	1h	0.009136	+0.018%	$190K	$744K	10x	as long as short
Aevo PENGU-PERPshort	+0.0104%	1h	0.009139	+0.055%	$211K	—	3x
Deribit PENGU_USDC-PERPETUAL	+0.0187%	1h	0.009149	+0.164%	$1K	$29K	10x	as long as short
Reya PENGURUSDPERP	+0.0241%	1h	0.009130	−0.041%	$308	—	10x	as long as short
BloFin PENGU-USDT	+0.0340%	4h	0.009139	+0.055%	$1.7M	$5.3M	75x	as long as short
01 Exchange PENGUUSD	+0.0344%	1h	0.009138	+0.044%	$259	$91	5x	as long as short
Kraken Futures PF_PENGUUSD	+0.0377%	1h	0.009148	+0.154%	$339K	$2.7M	50x	as long as short
GMX PENGU/USD [WBTC.b-USDC]	L +0.0433% / S −0.0351%	1h	0.009141	+0.077%	$105K	—	100x	as long as short
dYdX PENGU-USD	+0.1776%	1h	0.009132	−0.019%	$22K	$18K	5x	as long as short
Coinbase International PENGU-PERP-INTX	+0.2088%	1h	0.009211	+0.843%	$81K	$73K	50x	as long as short