Funding arb · Price arb /

PENGU

all PENGU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: SunX against Pacifica+2.230%7-day average +2.679% · you sell dearer than you buy

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

Long on Pacifica Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days0.000%$0 on $10k

Price spread, last 4 days (all we have)+0.186%+$19 · spread now +2.230%, 7d avg +2.679%

Together, before fees+0.186%+ Points / potential airdropPacifica: Active · farm board+$19 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 0.448% cheaper against Pacifica than usual: you would sell low and buy high, −$45 on $10k if it goes back to its 7-day average of +2.679%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Pacifica PENGU	0.008967	0.0100	pay 0.0013% / 1h	14m 05s	$136K	$273K	5x
Short	SunX PENGU-USDT	0.009167	0.0100	get 0.0050% / 4h	2h 14m	$3K	$2.1M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now +2.230%Rate

Funding earned: $0
Price spread: +2.230% → +2.679%: −$44.84
Slippage, 4 orders: no order book: not counted
Fee Pacifica: 4 bp × 2 orders: −$8
Fee SunX: 4 bp × 2 orders: −$8
Net: −$60.84
Costs to cover: 0.160%
Break-even: never at this rate

Slippage unknown: Pacifica: live order book, 34 min ago; SunX: live order book, 2 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 Pacifica live order book, 34 min ago	3.40 bp	18.2 bp −$18	doesn't fit	doesn't fit	doesn't fit
Sell SunX live order book, 2 min ago	247.20 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
gTrade (Gains Network) PENGU/USD	L +0.0007% / S −0.0003%	1h	0.008961	−0.068%	$33K	—	150x	as long as short
Injective PENGU/USDC PERP	+0.0033%	1h	0.008789	−1.985%	$3K	$117K	5.5x	as long as short
Lighter PENGU	+0.0096%	1h	0.008962	−0.056%	$330K	$757K	8x	as long as short
Nado PENGU-PERP	+0.0100%	1h	0.008955	−0.128%	$608K	$1.1M	5x	as long as short
Hyperliquid PENGU	+0.0100%	1h	0.008970	+0.033%	$8.4M	$15.2M	5x	as long as short
Aster PENGUUSDT	+0.0100%	4h	0.008964	−0.035%	$123K	$685K	20x	as long as short
Pacifica PENGUlong	+0.0100%	1h	0.008967	long leg	$136K	$273K	5x
Binance PENGUUSDT	+0.0100%	4h	0.008961	−0.067%	$37.9M	$179.9M	75x	as long as short
Bybit PENGUUSDT	+0.0100%	4h	0.008953	−0.156%	$23.7M	$42.5M	75x	as long as short
OKX PENGU-USDT-SWAP	+0.0100%	4h	0.008955	−0.134%	$7.7M	$52.3M	50x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Arcus PENGU-USD	+0.0100%	1h	0.008960	−0.078%	$18K	$26K	5x	as long as short
Gate PENGU_USDT	+0.0100%	4h	0.008955	−0.134%	$3.3M	$16.7M	75x	as long as short
MEXC PENGU_USDT	+0.0100%	4h	0.008958	−0.100%	$10.7M	$12.7M	125x	as long as short
KuCoin PENGUUSDTM	+0.0100%	4h	0.008958	−0.100%	$5.0M	$9.8M	75x	as long as short
Bitget PENGUUSDT	+0.0100%	4h	0.008962	−0.056%	$8.6M	$13.6M	75x	as long as short
BingX PENGU-USDT	+0.0100%	4h	0.008958	−0.100%	—	$3.8M	—	as long as short
Backpack PENGU_USDC_PERP	+0.0100%	1h	0.008953	−0.156%	$293K	$344K	10x	as long as short
Variational Omni PENGU	+0.0100%	4h	0.008940	−0.301%	$934K	$1.0M	—	as long as short
GRVT PENGU_USDT_Perp	+0.0100%	4h	0.008883	−0.940%	$466K	$2.1M	10x	as long as short
ApeX Omni PENGUUSDT	+0.0100%	1h	0.008867	−1.115%	$80K	$250K	50x	as long as short
Orderly PERP_PENGU_USDC	+0.0100%	4h	0.008953	−0.156%	$23K	$180K	20x	as long as short
SunX PENGU-USDTshort	+0.0100%	4h	0.009167	+2.230%	$3K	$2.1M	10x
SoDEX PENGU-USD	+0.0100%	1h	0.008959	−0.089%	$1K	$5K	5x	as long as short
HTX PENGU-USDT	+0.0100%	4h	0.008974	+0.078%	$93K	$397K	25x	as long as short
Extended PENGU-USD	+0.0104%	1h	0.008952	−0.166%	$185K	$876K	10x	as long as short
Aevo PENGU-PERP	+0.0104%	1h	0.008954	−0.145%	$207K	—	3x	as long as short
dYdX PENGU-USD	+0.0194%	1h	0.008966	−0.008%	$12K	$6K	5x	as long as short
Deribit PENGU_USDC-PERPETUAL	+0.0197%	1h	0.008959	−0.089%	$14K	$15K	10x	as long as short
01 Exchange PENGUUSD	+0.0208%	1h	0.008966	−0.011%	$205	$64	5x	as long as short
Reya PENGURUSDPERP	+0.0240%	1h	0.008953	−0.153%	$302	—	10x	as long as short
Kraken Futures PF_PENGUUSD	+0.0315%	1h	0.008968	+0.012%	$339K	$2.5M	50x	as long as short
BloFin PENGU-USDT	+0.0340%	4h	0.008970	+0.033%	$1.5M	$4.8M	75x	as long as short
GMX PENGU/USD [WBTC.b-USDC]	L +0.0517% / S −0.0482%	1h	0.008955	−0.134%	$127K	—	100x	as long as short
Coinbase International PENGU-PERP-INTX	+0.1752%	1h	0.009053	+0.959%	$80K	$79K	50x	as long as short