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 KuCoin+2.645%7-day average +2.698% · you sell dearer than you buy

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

Long on KuCoin Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.002%$0 on $10k

Price spread, last 3 days (all we have)−0.231%−$23 · spread now +2.645%, 7d avg +2.698%

Together, before fees−0.229%−$23 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 0.053% cheaper against KuCoin than usual: you would sell low and buy high, −$5 on $10k if it goes back to its 7-day average of +2.698%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin PENGUUSDTM	0.008810	0.0100	pay 0.0050% / 4h	3h 01m	$4.7M	$9.0M	75x
Short	SunX PENGU-USDT	0.009043	0.0100	get 0.0050% / 4h	3h 01m	$3K	$2.1M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX against KuCoin. 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 KuCoinbpFee SunXbpOrdersPrice spread, now +2.645%Rate

Funding earned: $0
Price spread: +2.645% → +2.698%: −$5.3
Slippage, 4 orders: no order book: not counted
Fee KuCoin: 6 bp × 2 orders: −$12
Fee SunX: 4 bp × 2 orders: −$8
Net: −$25.3
Costs to cover: 0.200%
Break-even: never at this rate

Slippage unknown: KuCoin: live order book, 2 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 KuCoin live order book, 2 min ago	1.70 bp	24.1 bp −$24	64.5 bp −$645	doesn't fit	doesn't fit
Sell SunX live order book, 4 min ago	251.76 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
Kraken Futures PF_PENGUUSD	−0.0392%	1h	0.008824	+0.153%	$367K	$2.3M	50x	as long as short
Deribit PENGU_USDC-PERPETUAL	−0.0203%	1h	0.008828	+0.204%	$18K	$10K	10x	as long as short
01 Exchange PENGUUSD	−0.0168%	1h	0.008809	−0.011%	$202	$59	5x	as long as short
Gate PENGU_USDT	−0.0122%	4h	0.008809	−0.011%	$3.4M	$15.9M	75x	as long as short
Variational Omni PENGU	−0.0108%	4h	0.008910	+1.133%	$920K	$975K	—	as long as short
gTrade (Gains Network) PENGU/USD	L +0.0007% / S −0.0003%	1h	0.008836	+0.295%	$33K	—	150x	as long as short
Injective PENGU/USDC PERP	+0.0033%	1h	0.008789	−0.238%	$3K	$117K	5.5x	as long as short
Lighter PENGU	+0.0096%	1h	0.008822	+0.136%	$306K	$733K	8x	as long as short
Orderly PERP_PENGU_USDC	+0.0099%	4h	0.008828	+0.204%	$19K	$177K	20x	as long as short
Hyperliquid PENGU	+0.0100%	1h	0.008815	+0.057%	$8.3M	$15.2M	5x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster PENGUUSDT	+0.0100%	4h	0.008808	−0.023%	$189K	$485K	20x	as long as short
Pacifica PENGU	+0.0100%	1h	0.008814	+0.045%	$152K	$240K	5x	as long as short
Binance PENGUUSDT	+0.0100%	4h	0.008806	−0.045%	$37.2M	$156.7M	75x	as long as short
Bybit PENGUUSDT	+0.0100%	4h	0.008798	−0.136%	$23.0M	$37.7M	75x	as long as short
OKX PENGU-USDT-SWAP	+0.0100%	4h	0.008803	−0.079%	$7.6M	$47.5M	50x	as long as short
Arcus PENGU-USD	+0.0100%	1h	0.008810	0.000%	$19K	$24K	5x	as long as short
MEXC PENGU_USDT	+0.0100%	4h	0.008811	+0.011%	$12.8M	$12.9M	125x	as long as short
KuCoin PENGUUSDTMlong	+0.0100%	4h	0.008810	long leg	$4.7M	$9.0M	75x
Bitget PENGUUSDT	+0.0100%	4h	0.008807	−0.034%	$8.3M	$12.7M	75x	as long as short
BingX PENGU-USDC	+0.0100%	4h	0.008796	−0.159%	—	$2.3M	—	as long as short
Backpack PENGU_USDC_PERP	+0.0100%	1h	0.008811	+0.011%	$302K	$322K	10x	as long as short
GRVT PENGU_USDT_Perp	+0.0100%	4h	0.008923	+1.280%	$477K	$2.1M	10x	as long as short
ApeX Omni PENGUUSDT	+0.0100%	1h	0.008859	+0.556%	$81K	$249K	50x	as long as short
Nado PENGU-PERP	+0.0100%	1h	0.008829	+0.216%	$632K	$824K	5x	as long as short
SunX PENGU-USDTshort	+0.0100%	4h	0.009043	+2.645%	$3K	$2.1M	10x
SoDEX PENGU-USD	+0.0100%	1h	0.008812	+0.023%	$1K	$5K	5x	as long as short
HTX PENGU-USDT	+0.0100%	4h	0.008854	+0.499%	$91K	$299K	25x	as long as short
Extended PENGU-USD	+0.0104%	1h	0.008801	−0.098%	$182K	$935K	10x	as long as short
Aevo PENGU-PERP	+0.0104%	1h	0.008823	+0.148%	$204K	—	3x	as long as short
dYdX PENGU-USD	+0.0115%	1h	0.008820	+0.110%	$12K	$4K	5x	as long as short
Reya PENGURUSDPERP	+0.0238%	1h	0.008830	+0.230%	$298	—	10x	as long as short
BloFin PENGU-USDT	+0.0340%	4h	0.008841	+0.352%	$1.5M	$3.0M	75x	as long as short
GMX PENGU/USD [WBTC.b-USDC]	L +0.0519% / S −0.0723%	1h	0.008835	+0.284%	$117K	—	100x	as long as short
Coinbase International PENGU-PERP-INTX	+0.1648%	1h	0.008967	+1.782%	$95K	$104K	50x	as long as short