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−0.0140%/8h= −15.3% APRpaid last 24h −0.060%
Price spread now: Variational Omni against Reya−0.177%7-day average · you buy dearer than you sell
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 3 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropReya: Active · Variational Omni: Active · farm boardneeds both histories
Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and Variational Omni is 0.177% cheaper against Reya than usual: you would sell low and buy high (−$18 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongReya PENGURUSDPERP0.0090980.0240pay 0.0030% / 1h55m 27s$30710x
ShortVariational Omni PENGU0.0090820.0100get 0.0050% / 4h1h 55m$927K$1.1M

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Variational Omni against Reya. 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
−$29.37
Price spread: −0.177% → 0.000%
−$17.66
Slippage, 4 orders
no order book: not counted
Fee Reya: 3 bp × 2 orders
−$6
Fee Variational Omni: 0 bp × 2 orders
$0
Net
−$53.03
Costs to cover
0.060%
Break-even
never at this rate
Slippage unknown: Reya: no order-book sample; Variational Omni: RFQ quote, 4 min ago. 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 Reya no order-book sample
Sell Variational Omni RFQ quote, 4 min ago3.85 bpdoesn't fit22.5 bp −$225doesn't fitdoesn't fit
Reya: 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%1h0.009092−0.064%$33K150xas long as short
Injective PENGU/USDC PERP+0.0033%1h0.008789−3.396%$3K$117K5.5xas long as short
Lighter PENGU+0.0096%1h0.009100+0.022%$334K$758K8xas long as short
Nado PENGU-PERP+0.0100%1h0.009092−0.066%$640K$1.1M5xas long as short
Aster PENGUUSDT+0.0100%4h0.009094−0.049%$121K$691K20xas long as short
Pacifica PENGU+0.0100%1h0.009093−0.055%$139K$289K5xas long as short
Binance PENGUUSDT+0.0100%4h0.009095−0.033%$39.6M$185.3M75xas long as short
Bybit PENGUUSDT+0.0100%4h0.009086−0.132%$24.1M$43.4M75xas long as short
OKX PENGU-USDT-SWAP+0.0100%4h0.009095−0.033%$8.1M$54.3M50xas long as short
Arcus PENGU-USD+0.0100%1h0.009100+0.022%$18K$26K5xas long as short
Show all 34 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Gate PENGU_USDT+0.0100%4h0.009090−0.088%$3.4M$16.9M75xas long as short
MEXC PENGU_USDT+0.0100%4h0.009101+0.033%$11.1M$12.6M125xas long as short
KuCoin PENGUUSDTM+0.0100%4h0.009097−0.011%$5.3M$9.9M75xas long as short
Bitget PENGUUSDT+0.0100%4h0.009106+0.088%$8.7M$13.8M75xas long as short
BingX PENGU-USDC+0.0100%4h0.009084−0.154%$2.3Mas long as short
Backpack PENGU_USDC_PERP+0.0100%1h0.009095−0.033%$313K$376K10xas long as short
Variational Omni PENGUshort+0.0100%4h0.009082−0.177%$927K$1.1M
GRVT PENGU_USDT_Perp+0.0100%4h0.009109+0.122%$482K$2.1M10xas long as short
Orderly PERP_PENGU_USDC+0.0100%4h0.0090980.000%$23K$195K20xas long as short
SunX PENGU-USDT+0.0100%4h0.009310+2.330%$3K$2.2M10xas long as short
SoDEX PENGU-USD+0.0100%1h0.009093−0.055%$1K$5K5xas long as short
HTX PENGU-USDT+0.0100%4h0.009106+0.088%$94K$401K25xas long as short
Extended PENGU-USD+0.0104%1h0.009087−0.119%$188K$841K10xas long as short
Aevo PENGU-PERP+0.0104%1h0.009092−0.066%$210K3xas long as short
ApeX Omni PENGUUSDT+0.0158%1h0.009120+0.242%$82K$250K50xas long as short
Reya PENGURUSDPERPlong+0.0240%1h0.009098long leg$30710x
Deribit PENGU_USDC-PERPETUAL+0.0300%1h0.009100+0.022%$1K$29K10xas long as short
BloFin PENGU-USDT+0.0340%4h0.009113+0.165%$1.6M$4.9M75xas long as short
01 Exchange PENGUUSD+0.0368%1h0.009095−0.033%$208$645xas long as short
GMX PENGU/USD [WBTC.b-USDC]L +0.0391% / S −0.0291%1h0.009089−0.099%$92K100xas long as short
dYdX PENGU-USD+0.0562%1h0.009092−0.064%$12K$6K5xas long as short
Hyperliquid PENGU+0.0592%1h0.009111+0.143%$9.4M$15.9M5xas long as short
Kraken Futures PF_PENGUUSD+0.0670%1h0.009102+0.046%$340K$2.5M50xas long as short
Coinbase International PENGU-PERP-INTX+0.1664%1h0.009185+0.957%$81K$69K50xas long as short