Settings8H · net · $10k
Funding arb · Price arb /

PENGU

all PENGU markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 07:00 UTC+0.0473%/8h= +51.8% APRnext payment +$0.59 per $10,000 · paid last 24h +0.216%
Price spread now: dYdX against Injective+3.484%7-day average · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 6 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before feesneeds both histories
Both sides work for this trade now. Funding pays +$14 a day on $10k at the current rate, and dYdX is 3.484% dearer against Injective than usual: you sell high and buy low: +$348 more if the spread goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongInjective PENGU/USDC PERP0.0087890.0033pay 0.0004% / 1h55m 42s$3K$117K5.5x
ShortdYdX PENGU-USD0.0090950.0506get 0.0063% / 1h55m 42s$12K$6K5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

dYdX against Injective. 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

Funding earned
$99.33
Price spread: +3.484% → 0.000%
$348.37
Slippage, 4 orders
no order book: not counted
Fee Injective: 0.01 bp × 2 orders
−$0.02
Fee dYdX: 5 bp × 2 orders
−$10
Net
$437.68
Costs to cover
0.100%
Break-even
from the start
Slippage unknown: Injective: no order-book sample; dYdX: no order-book sample. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Injective no order-book sample
Sell dYdX no order-book sample
Injective and dYdX: 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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
gTrade (Gains Network) PENGU/USDL +0.0007% / S −0.0003%1h0.009092+3.450%$33K150xas long as short
Injective PENGU/USDC PERPlong+0.0033%1h0.008789long leg$3K$117K5.5x
Lighter PENGU+0.0096%1h0.009100+3.539%$334K$758K8xas long as short
Nado PENGU-PERP+0.0100%1h0.009095+3.484%$640K$1.1M5xas long as short
Aster PENGUUSDT+0.0100%4h0.009092+3.451%$121K$691K20xas long as short
Pacifica PENGU+0.0100%1h0.009096+3.493%$139K$289K5xas long as short
Binance PENGUUSDT+0.0100%4h0.009098+3.516%$39.6M$185.2M75xas long as short
Bybit PENGUUSDT+0.0100%4h0.009087+3.391%$24.1M$43.4M75xas long as short
OKX PENGU-USDT-SWAP+0.0100%4h0.009093+3.459%$8.1M$54.4M50xas long as short
Arcus PENGU-USD+0.0100%1h0.009100+3.539%$18K$26K5xas long as short
Show all 34 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Gate PENGU_USDT+0.0100%4h0.009097+3.504%$3.4M$16.9M75xas long as short
MEXC PENGU_USDT+0.0100%4h0.009101+3.550%$11.1M$12.6M125xas long as short
KuCoin PENGUUSDTM+0.0100%4h0.009099+3.527%$5.3M$9.9M75xas long as short
Bitget PENGUUSDT+0.0100%4h0.009099+3.527%$8.7M$13.8M75xas long as short
BingX PENGU-USDC+0.0100%4h0.009087+3.391%$2.3Mas long as short
Backpack PENGU_USDC_PERP+0.0100%1h0.009095+3.482%$313K$376K10xas long as short
Variational Omni PENGU+0.0100%4h0.009082+3.333%$927K$1.1Mas long as short
GRVT PENGU_USDT_Perp+0.0100%4h0.009084+3.358%$481K$2.1M10xas long as short
ApeX Omni PENGUUSDT+0.0100%1h0.009082+3.334%$82K$250K50xas long as short
Orderly PERP_PENGU_USDC+0.0100%4h0.009097+3.504%$23K$195K20xas long as short
SunX PENGU-USDT+0.0100%4h0.009310+5.928%$3K$2.2M10xas long as short
SoDEX PENGU-USD+0.0100%1h0.009093+3.459%$1K$5K5xas long as short
HTX PENGU-USDT+0.0100%4h0.009106+3.607%$94K$401K25xas long as short
Extended PENGU-USD+0.0104%1h0.009094+3.467%$188K$841K10xas long as short
Aevo PENGU-PERP+0.0104%1h0.009092+3.447%$210K3xas long as short
Reya PENGURUSDPERP+0.0240%1h0.009095+3.478%$30710xas long as short
Deribit PENGU_USDC-PERPETUAL+0.0300%1h0.009100+3.539%$1K$29K10xas long as short
BloFin PENGU-USDT+0.0340%4h0.009113+3.686%$1.6M$4.9M75xas long as short
01 Exchange PENGUUSD+0.0384%1h0.009102+3.561%$208$645xas long as short
GMX PENGU/USD [WBTC.b-USDC]L +0.0391% / S −0.0291%1h0.009091+3.436%$92K100xas long as short
dYdX PENGU-USDshort+0.0506%1h0.009095+3.484%$12K$6K5x
Hyperliquid PENGU+0.0620%1h0.009110+3.652%$9.4M$15.9M5xas long as short
Kraken Futures PF_PENGUUSD+0.0670%1h0.009102+3.563%$340K$2.5M50xas long as short
Coinbase International PENGU-PERP-INTX+0.1664%1h0.009185+4.506%$81K$69K50xas long as short