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: HTX against SunX−2.094%7-day average −2.376% · you buy dearer than you sell

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

Long on SunX Short on HTX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.215%+$21 on $10k

Price spread, last 3 days (all we have)−0.067%−$7 · spread now −2.094%, 7d avg −2.376%

Together, before fees+0.147%+$15 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: HTX is 0.281% dearer against SunX than usual: you sell high and buy low, +$28 on $10k if it goes back to its 7-day average of −2.376%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX PENGU-USDT	0.009025	0.0100	pay 0.0050% / 4h	3h 27m	$3K	$2.1M	10x
Short	HTX PENGU-USDT	0.008836	0.0100	get 0.0050% / 4h	3h 27m	$91K	$296K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX against SunX. 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 SunXbpFee HTXbpOrdersPrice spread, now −2.094%Rate

Funding earned: $0
Price spread: −2.094% → −2.376%: $28.13
Slippage, 4 orders: no order book: not counted
Fee SunX: 4 bp × 2 orders: −$8
Fee HTX: 6 bp × 2 orders: −$12
Net: $8.13
Costs to cover: 0.200%
Break-even: from the start

Slippage unknown: SunX: live order book, 8 min ago; HTX: live order book, 44 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 SunX live order book, 8 min ago	256.15 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell HTX live order book, 44 min ago	9.74 bp	155.5 bp −$155	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	−0.0391%	1h	0.008835	−2.106%	$370K	$2.3M	50x	as long as short
Gate PENGU_USDT	−0.0236%	4h	0.008824	−2.227%	$3.4M	$15.6M	75x	as long as short
01 Exchange PENGUUSD	−0.0224%	1h	0.008811	−2.371%	$202	$59	5x	as long as short
Variational Omni PENGU	−0.0221%	4h	0.008831	−2.148%	$871K	$933K	—	as long as short
Deribit PENGU_USDC-PERPETUAL	−0.0203%	1h	0.008827	−2.194%	$18K	$10K	10x	as long as short
gTrade (Gains Network) PENGU/USD	L +0.0007% / S −0.0003%	1h	0.008823	−2.237%	$34K	—	150x	as long as short
Injective PENGU/USDC PERP	+0.0033%	1h	0.008789	−2.615%	$3K	$117K	5.5x	as long as short
dYdX PENGU-USD	+0.0084%	1h	0.008837	−2.085%	$12K	$4K	5x	as long as short
Nado PENGU-PERP	+0.0091%	1h	0.008813	−2.349%	$698K	$767K	5x	as long as short
Lighter PENGU	+0.0096%	1h	0.008829	−2.172%	$308K	$728K	8x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Orderly PERP_PENGU_USDC	+0.0100%	4h	0.008825	−2.216%	$24K	$176K	20x	as long as short
Hyperliquid PENGU	+0.0100%	1h	0.008824	−2.227%	$8.3M	$15.7M	5x	as long as short
Aster PENGUUSDT	+0.0100%	4h	0.008831	−2.146%	$189K	$481K	20x	as long as short
Pacifica PENGU	+0.0100%	1h	0.008834	−2.116%	$152K	$238K	5x	as long as short
Binance PENGUUSDT	+0.0100%	4h	0.008820	−2.271%	$36.8M	$154.8M	75x	as long as short
Bybit PENGUUSDT	+0.0100%	4h	0.008811	−2.371%	$23.2M	$37.3M	75x	as long as short
OKX PENGU-USDT-SWAP	+0.0100%	4h	0.008809	−2.393%	$7.6M	$47.3M	50x	as long as short
Arcus PENGU-USD	+0.0100%	1h	0.008820	−2.271%	$19K	$24K	5x	as long as short
MEXC PENGU_USDT	+0.0100%	4h	0.008822	−2.249%	$13.0M	$12.8M	125x	as long as short
KuCoin PENGUUSDTM	+0.0100%	4h	0.008827	−2.194%	$4.7M	$9.0M	75x	as long as short
Bitget PENGUUSDT	+0.0100%	4h	0.008815	−2.327%	$8.4M	$12.7M	75x	as long as short
BingX PENGU-USDT	+0.0100%	4h	0.008822	−2.249%	—	$3.8M	—	as long as short
Backpack PENGU_USDC_PERP	+0.0100%	1h	0.008822	−2.249%	$306K	$322K	10x	as long as short
GRVT PENGU_USDT_Perp	+0.0100%	4h	0.008836	−2.095%	$468K	$2.1M	10x	as long as short
ApeX Omni PENGUUSDT	+0.0100%	1h	0.008810	−2.382%	$80K	$254K	50x	as long as short
SunX PENGU-USDTlong	+0.0100%	4h	0.009025	long leg	$3K	$2.1M	10x
SoDEX PENGU-USD	+0.0100%	1h	0.008824	−2.227%	$1K	$5K	5x	as long as short
HTX PENGU-USDTshort	+0.0100%	4h	0.008836	−2.094%	$91K	$296K	25x
Extended PENGU-USD	+0.0104%	1h	0.008806	−2.425%	$182K	$973K	10x	as long as short
Aevo PENGU-PERP	+0.0104%	1h	0.008817	−2.305%	$204K	—	3x	as long as short
Reya PENGURUSDPERP	+0.0238%	1h	0.008815	−2.323%	$298	—	10x	as long as short
BloFin PENGU-USDT	+0.0340%	4h	0.008816	−2.316%	$1.5M	$2.8M	75x	as long as short
GMX PENGU/USD [WBTC.b-USDC]	L +0.0517% / S −0.0723%	1h	0.008821	−2.260%	$116K	—	100x	as long as short
Coinbase International PENGU-PERP-INTX	+0.1648%	1h	0.008863	−1.795%	$94K	$103K	50x	as long as short