Funding arb · Price arb /

PENGU

all PENGU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: OKX against SunX−2.605%7-day average −2.692% · you buy dearer than you sell

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

Long on SunX Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.052%−$5 on $10k

Price spread, last 4 days (all we have)+0.126%+$13 · spread now −2.605%, 7d avg −2.692%

Together, before fees+0.073%+$7 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: OKX is 0.087% dearer against SunX than usual: you sell high and buy low, +$9 on $10k if it goes back to its 7-day average of −2.692%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX PENGU-USDT	0.009367	0.0100	pay 0.0050% / 4h	2h 54m	$3K	$2.1M	10x
Short	OKX PENGU-USDT-SWAP	0.009123	0.0100	get 0.0050% / 4h	2h 54m	$8.3M	$58.3M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now −2.605%Rate

Funding earned: $0
Price spread: −2.605% → −2.692%: $8.67
Slippage, 4 orders: no order book: not counted
Fee SunX: 4 bp × 2 orders: −$8
Fee OKX: 5 bp × 2 orders: −$10
Net: −$9.33
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: SunX: live order book, 2 min ago; OKX: live order book, 4 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, 2 min ago	326.96 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell OKX live order book, 4 min ago	0.54 bp	12.3 bp −$12	47.6 bp −$476	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
Deribit PENGU_USDC-PERPETUAL	0.0000%	1h	0.009150	−2.317%	$1K	$28K	10x	as long as short
gTrade (Gains Network) PENGU/USD	L +0.0007% / S −0.0003%	1h	0.009228	−1.480%	$34K	—	150x	as long as short
ApeX Omni PENGUUSDT	+0.0011%	1h	0.009206	−1.719%	$81K	$252K	50x	as long as short
Injective PENGU/USDC PERP	+0.0033%	1h	0.008789	−6.171%	$3K	$117K	5.5x	as long as short
Gate PENGU_USDT	+0.0044%	4h	0.009133	−2.498%	$3.8M	$17.5M	75x	as long as short
Lighter PENGU	+0.0096%	1h	0.009147	−2.349%	$327K	$700K	8x	as long as short
Hyperliquid PENGU	+0.0100%	1h	0.009143	−2.391%	$9.8M	$16.9M	5x	as long as short
Aster PENGUUSDT	+0.0100%	4h	0.009133	−2.501%	$141K	$792K	20x	as long as short
Pacifica PENGU	+0.0100%	1h	0.009185	−1.943%	$140K	$235K	5x	as long as short
Binance PENGUUSDT	+0.0100%	4h	0.009130	−2.530%	$40.5M	$197.0M	75x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit PENGUUSDT	+0.0100%	4h	0.009120	−2.637%	$24.8M	$47.3M	75x	as long as short
OKX PENGU-USDT-SWAPshort	+0.0100%	4h	0.009123	−2.605%	$8.3M	$58.3M	50x
Arcus PENGU-USD	+0.0100%	1h	0.009180	−1.996%	$19K	$26K	5x	as long as short
MEXC PENGU_USDT	+0.0100%	4h	0.009125	−2.584%	$12.1M	$12.8M	125x	as long as short
KuCoin PENGUUSDTM	+0.0100%	4h	0.009137	−2.455%	$5.1M	$10.7M	75x	as long as short
Bitget PENGUUSDT	+0.0100%	4h	0.009133	−2.498%	$8.9M	$14.9M	75x	as long as short
BingX PENGU-USDC	+0.0100%	4h	0.009135	−2.477%	—	$2.3M	—	as long as short
Backpack PENGU_USDC_PERP	+0.0100%	1h	0.009126	−2.573%	$301K	$372K	10x	as long as short
Variational Omni PENGU	+0.0100%	4h	0.009216	−1.615%	$948K	$1.2M	—	as long as short
GRVT PENGU_USDT_Perp	+0.0100%	4h	0.009206	−1.719%	$481K	$2.1M	10x	as long as short
Nado PENGU-PERP	+0.0100%	1h	0.009163	−2.173%	$649K	$1.1M	5x	as long as short
Orderly PERP_PENGU_USDC	+0.0100%	4h	0.009155	−2.263%	$24K	$358K	20x	as long as short
SunX PENGU-USDTlong	+0.0100%	4h	0.009367	long leg	$3K	$2.1M	10x
SoDEX PENGU-USD	+0.0100%	1h	0.009143	−2.391%	$1K	$5K	5x	as long as short
HTX PENGU-USDT	+0.0100%	4h	0.009150	−2.317%	$96K	$427K	25x	as long as short
Extended PENGU-USD	+0.0104%	1h	0.009123	−2.600%	$188K	$746K	10x	as long as short
Aevo PENGU-PERP	+0.0104%	1h	0.009166	−2.146%	$212K	—	3x	as long as short
Kraken Futures PF_PENGUUSD	+0.0213%	1h	0.009147	−2.344%	$342K	$2.7M	50x	as long as short
Reya PENGURUSDPERP	+0.0241%	1h	0.009156	−2.250%	$309	—	10x	as long as short
BloFin PENGU-USDT	+0.0340%	4h	0.009155	−2.263%	$1.6M	$5.4M	75x	as long as short
01 Exchange PENGUUSD	+0.0344%	1h	0.009172	−2.082%	$210	$141	5x	as long as short
GMX PENGU/USD [WBTC.b-USDC]	L +0.0433% / S −0.0351%	1h	0.009147	−2.349%	$105K	—	100x	as long as short
dYdX PENGU-USD	+0.2002%	1h	0.009178	−2.018%	$22K	$18K	5x	as long as short
Coinbase International PENGU-PERP-INTX	+0.2288%	1h	0.009518	+1.612%	$81K	$88K	50x	as long as short