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 +0.001%

Price spread now: Aevo against Pacifica−0.316%7-day average −0.051% · you buy dearer than you sell

Net, funding: paid 7d − costs−$512as in the Funding arb table

Net, price: spread back to 7d avg − costs−$539as in the Price arb table

costs, in and out, $10k−$5125.122% of the position

Long on Pacifica Short on Aevo

What this pair did over the last

the charts below follow

Funding, last 7 days+0.005%+$1 on $10k

Price spread, last 4 days (all we have)+0.202%+$20 · spread now −0.316%, 7d avg −0.051%

Together, before fees+0.207%+ Points / potential airdropPacifica: Active · farm board+$21 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 0.265% cheaper against Pacifica than usual: you would sell low and buy high, −$26 on $10k if it goes back to its 7-day average of −0.051%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Pacifica PENGU	0.009175	0.0100	pay 0.0013% / 1h	13m 22s	$140K	$234K	5x
Short	Aevo PENGU-PERP	0.009146	0.0104	get 0.0013% / 1h	13m 22s	$211K	—	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aevo against Pacifica. 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 PacificabpFee AevobpOrdersPrice spread, now −0.316%Rate

Funding earned: $0.84
Price spread: −0.316% → −0.051%: −$26.47
Slippage, 4 orders: −$488.17
Fee Pacifica: 4 bp × 2 orders: −$8
Fee Aevo: 8 bp × 2 orders: −$16
Net: −$537.8
Costs to cover: 5.122%
Break-even: 4488.7 days

Slippage from Pacifica: live order book, 20 min ago; Aevo: live order book, 21 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 Pacifica live order book, 20 min ago	2.76 bp	21.5 bp −$22	doesn't fit	doesn't fit	doesn't fit
Sell Aevo live order book, 21 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	−0.0076%	4h	0.009162	−0.142%	$3.7M	$18.2M	75x	as long as short
gTrade (Gains Network) PENGU/USD	L +0.0007% / S −0.0003%	1h	0.009164	−0.124%	$34K	—	150x	as long as short
Injective PENGU/USDC PERP	+0.0033%	1h	0.008789	−4.207%	$3K	$117K	5.5x	as long as short
Lighter PENGU	+0.0096%	1h	0.009181	+0.065%	$329K	$769K	8x	as long as short
Nado PENGU-PERP	+0.0100%	1h	0.009162	−0.142%	$650K	$1.1M	5x	as long as short
Hyperliquid PENGU	+0.0100%	1h	0.009179	+0.044%	$9.5M	$16.8M	5x	as long as short
Aster PENGUUSDT	+0.0100%	4h	0.009169	−0.070%	$132K	$771K	20x	as long as short
Pacifica PENGUlong	+0.0100%	1h	0.009175	long leg	$140K	$234K	5x
Binance PENGUUSDT	+0.0100%	4h	0.009168	−0.076%	$40.7M	$196.5M	75x	as long as short
Bybit PENGUUSDT	+0.0100%	4h	0.009160	−0.163%	$24.7M	$47.0M	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	0.009160	−0.163%	$8.4M	$58.1M	50x	as long as short
Arcus PENGU-USD	+0.0100%	1h	0.009180	+0.054%	$19K	$26K	5x	as long as short
MEXC PENGU_USDT	+0.0100%	4h	0.009163	−0.131%	$11.7M	$13.1M	125x	as long as short
KuCoin PENGUUSDTM	+0.0100%	4h	0.009165	−0.109%	$5.1M	$10.6M	75x	as long as short
Bitget PENGUUSDT	+0.0100%	4h	0.009170	−0.054%	$8.9M	$15.1M	75x	as long as short
BingX PENGU-USDT	+0.0100%	4h	0.009163	−0.131%	—	$3.7M	—	as long as short
Backpack PENGU_USDC_PERP	+0.0100%	1h	0.009149	−0.283%	$299K	$371K	10x	as long as short
Variational Omni PENGU	+0.0100%	4h	0.009151	−0.260%	$946K	$1.2M	—	as long as short
GRVT PENGU_USDT_Perp	+0.0100%	4h	0.009152	−0.254%	$481K	$2.1M	10x	as long as short
ApeX Omni PENGUUSDT	+0.0100%	1h	0.009151	−0.262%	$80K	$252K	50x	as long as short
Orderly PERP_PENGU_USDC	+0.0100%	4h	0.009164	−0.120%	$24K	$341K	20x	as long as short
SunX PENGU-USDT	+0.0100%	4h	0.009361	+2.027%	$3K	$2.2M	10x	as long as short
SoDEX PENGU-USD	+0.0100%	1h	0.009148	−0.294%	$1K	$5K	5x	as long as short
HTX PENGU-USDT	+0.0100%	4h	0.009162	−0.142%	$96K	$417K	25x	as long as short
Extended PENGU-USD	+0.0104%	1h	0.009174	−0.016%	$188K	$747K	10x	as long as short
Aevo PENGU-PERPshort	+0.0104%	1h	0.009146	−0.316%	$211K	—	3x
Deribit PENGU_USDC-PERPETUAL	+0.0187%	1h	0.009153	−0.240%	$1K	$29K	10x	as long as short
Reya PENGURUSDPERP	+0.0241%	1h	0.009158	−0.186%	$309	—	10x	as long as short
BloFin PENGU-USDT	+0.0340%	4h	0.009153	−0.240%	$1.6M	$5.3M	75x	as long as short
01 Exchange PENGUUSD	+0.0352%	1h	0.009185	+0.109%	$210	$141	5x	as long as short
Kraken Futures PF_PENGUUSD	+0.0377%	1h	0.009153	−0.237%	$339K	$2.7M	50x	as long as short
GMX PENGU/USD [WBTC.b-USDC]	L +0.0433% / S −0.0351%	1h	0.009163	−0.131%	$105K	—	100x	as long as short
dYdX PENGU-USD	+0.1513%	1h	0.009172	−0.032%	$22K	$18K	5x	as long as short
Coinbase International PENGU-PERP-INTX	+0.2088%	1h	0.009225	+0.545%	$81K	$73K	50x	as long as short