Funding arb · Price arb /

PENGU

all PENGU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Pacifica against SoDEX+0.263%7-day average — · you sell dearer than you buy

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

Long on SoDEX Short on Pacifica

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 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropPacifica: Active · farm boardneeds both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Pacifica is 0.263% dearer against SoDEX than usual: you sell high and buy low, +$26 on $10k if it goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SoDEX PENGU-USD	0.009132	0.0100	pay 0.0013% / 1h	21m 18s	$1K	$5K	5x
Short	Pacifica PENGU	0.009156	0.0100	get 0.0013% / 1h	21m 18s	$138K	$267K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Pacifica against SoDEX. 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 SoDEXbpFee PacificabpOrdersPrice spread, now +0.263%Rate

Funding earned: $0
Price spread: +0.263% → 0.000%: $26.28
Slippage, 4 orders: no order book: not counted
Fee SoDEX: 4 bp × 2 orders: −$8
Fee Pacifica: 4 bp × 2 orders: −$8
Net: $10.28
Costs to cover: 0.160%
Break-even: from the start

Slippage unknown: SoDEX: no order-book sample; Pacifica: live order book, 17 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 SoDEX no order-book sample	—	—	—	—	—
Sell Pacifica live order book, 17 min ago	3.28 bp	19.9 bp −$20	doesn't fit	doesn't fit	doesn't fit

SoDEX: 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.

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	0.009126	−0.063%	$34K	—	150x	as long as short
Injective PENGU/USDC PERP	+0.0033%	1h	0.008789	−3.756%	$3K	$117K	5.5x	as long as short
Deribit PENGU_USDC-PERPETUAL	+0.0079%	1h	0.009134	+0.022%	$1K	$29K	10x	as long as short
Lighter PENGU	+0.0096%	1h	0.009142	+0.110%	$330K	$773K	8x	as long as short
Nado PENGU-PERP	+0.0100%	1h	0.009134	+0.022%	$643K	$1.1M	5x	as long as short
Aster PENGUUSDT	+0.0100%	4h	0.009143	+0.121%	$146K	$718K	20x	as long as short
Pacifica PENGUshort	+0.0100%	1h	0.009156	+0.263%	$138K	$267K	5x
Binance PENGUUSDT	+0.0100%	4h	0.009134	+0.026%	$40.2M	$193.8M	75x	as long as short
Bybit PENGUUSDT	+0.0100%	4h	0.009120	−0.131%	$24.5M	$45.6M	75x	as long as short
OKX PENGU-USDT-SWAP	+0.0100%	4h	0.009128	−0.044%	$8.2M	$56.9M	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	0.009150	+0.197%	$18K	$25K	5x	as long as short
Gate PENGU_USDT	+0.0100%	4h	0.009128	−0.044%	$3.7M	$18.0M	75x	as long as short
MEXC PENGU_USDT	+0.0100%	4h	0.009136	+0.044%	$11.3M	$13.1M	125x	as long as short
KuCoin PENGUUSDTM	+0.0100%	4h	0.009146	+0.153%	$5.1M	$10.3M	75x	as long as short
Bitget PENGUUSDT	+0.0100%	4h	0.009134	+0.022%	$9.0M	$14.5M	75x	as long as short
BingX PENGU-USDT	+0.0100%	4h	0.009129	−0.033%	—	$3.8M	—	as long as short
Backpack PENGU_USDC_PERP	+0.0100%	1h	0.009152	+0.219%	$317K	$382K	10x	as long as short
Variational Omni PENGU	+0.0100%	4h	0.009119	−0.144%	$932K	$1.1M	—	as long as short
GRVT PENGU_USDT_Perp	+0.0100%	4h	0.009117	−0.164%	$478K	$2.1M	10x	as long as short
ApeX Omni PENGUUSDT	+0.0100%	1h	0.009182	+0.548%	$80K	$252K	50x	as long as short
Orderly PERP_PENGU_USDC	+0.0100%	4h	0.009132	0.000%	$23K	$291K	20x	as long as short
SunX PENGU-USDT	+0.0100%	4h	0.009355	+2.442%	$3K	$2.2M	10x	as long as short
SoDEX PENGU-USDlong	+0.0100%	1h	0.009132	long leg	$1K	$5K	5x
HTX PENGU-USDT	+0.0100%	4h	0.009172	+0.438%	$95K	$414K	25x	as long as short
Extended PENGU-USD	+0.0104%	1h	0.009130	−0.024%	$188K	$744K	10x	as long as short
Aevo PENGU-PERP	+0.0104%	1h	0.009128	−0.044%	$211K	—	3x	as long as short
Hyperliquid PENGU	+0.0170%	1h	0.009144	+0.131%	$9.3M	$16.6M	5x	as long as short
Reya PENGURUSDPERP	+0.0240%	1h	0.009127	−0.058%	$308	—	10x	as long as short
01 Exchange PENGUUSD	+0.0328%	1h	0.009153	+0.230%	$209	$41	5x	as long as short
BloFin PENGU-USDT	+0.0340%	4h	0.009141	+0.099%	$1.6M	$5.0M	75x	as long as short
dYdX PENGU-USD	+0.0389%	1h	0.009153	+0.233%	$12K	$6K	5x	as long as short
GMX PENGU/USD [WBTC.b-USDC]	L +0.0435% / S −0.0352%	1h	0.009133	+0.011%	$105K	—	100x	as long as short
Kraken Futures PF_PENGUUSD	+0.0534%	1h	0.009138	+0.067%	$353K	$2.6M	50x	as long as short
Coinbase International PENGU-PERP-INTX	+0.1928%	1h	0.009196	+0.701%	$81K	$74K	50x	as long as short