ArbiLayer

PENGU arbitrage

live

Live Pudgy Penguins price differences between exchanges: perpetual, spot and DEX spreads after fees, with funding and depth.

Best net spread+0.09%Bybit → HTX · Perp–Perp
Best perp–perp spread+0.25%Bybit → HTX
Markets tracked1811 venues · 11 perp · 7 spot · 0 DEX
Price range0.35%$0.008933 – $0.008964

Spreads between exchanges

Long (buy)Short (sell)SpreadNetSpread+FDepth $Funding 24hFunding 30DD/WChart
Bybit logoBybit$0.008933HTX logoHTX$0.008955 +0.25%+0.09% +0.25%— +0.001%— LS Chart →
Binance logoBinance$0.008936HTX logoHTX$0.008955 +0.21%+0.05% +0.21%— -0.006%— LS Chart →
OKX logoOKX$0.008936HTX logoHTX$0.008955 +0.21%+0.05% +0.22%— +0.025%— LS Chart →
KuCoin logoKuCoin$0.008936HTX logoHTX$0.008955 +0.21%+0.05% +0.22%— +0.022%— LS Chart →
Gate logoGate$0.008937HTX logoHTX$0.008955 +0.20%+0.04% +0.20%— -0.015%— LS Chart →
Bybit logoBybit$0.008933Bitget logoBitget$0.00895 +0.19%+0.03% +0.19%— +0.016%— LS Chart →
MEXC logoMEXC$0.008938HTX logoHTX$0.008955 +0.19%+0.03% +0.19%— -0.007%— LS Chart →
Variational logoVariational$0.008939HTX logoHTX$0.008955 +0.18%+0.02% +0.18%— -0.002%— LS Chart →
Aster logoAster$0.00894HTX logoHTX$0.008955 +0.17%+0.01% +0.17%— -0.015%— LS Chart →
Binance logoBinance$0.008936Bitget logoBitget$0.00895 +0.16%-0.00% +0.16%— +0.009%— LS Chart →
OKX logoOKX$0.008936Bitget logoBitget$0.00895 +0.16%-0.00% +0.16%— +0.040%— LS Chart →
KuCoin logoKuCoin$0.008936Bitget logoBitget$0.00895 +0.16%-0.00% +0.16%— +0.037%— LS Chart →
Hyperliquid logoHyperliquid$0.008941HTX logoHTX$0.008955 +0.16%-0.00% +0.16%— -0.015%— LS Chart →
Gate logoGate$0.008937Bitget logoBitget$0.00895 +0.15%-0.01% +0.15%— 0.000%— LS Chart →
MEXC logoMEXC$0.008938Bitget logoBitget$0.00895 +0.13%-0.03% +0.14%— +0.008%— LS Chart →
Long = where you buy, Short = where you sell. Net subtracts a two-leg taker fee model; Spread+F adds the next funding payment.Updates every 15 seconds. Not investment advice.

PENGU price on every exchange

ExchangeMarketBidAskPricevs medianFunding 24hVolume 24h
OKX logoOKXPerpetual · PENGU-USDT-SWAPPerpetual $0.008935$0.008936$0.008935-0.05% -0.010%$35.52M
Bybit logoBybitPerpetual · PENGUUSDTPerpetual $0.008932$0.008933$0.008933-0.08% +0.014%$31.45M
KuCoin logoKuCoinPerpetual · PENGUUSDTMPerpetual $0.008935$0.008936$0.008935-0.05% -0.007%$12.80M
Bitget logoBitgetPerpetual · PENGUUSDTPerpetual $0.00895$0.008952$0.008951+0.13% +0.030%$11.45M
Hyperliquid logoHyperliquidPerpetual · PENGUPerpetual $0.008935$0.008941$0.008938-0.02% +0.030%$11.26M
MEXC logoMEXCPerpetual · PENGU_USDTPerpetual $0.008937$0.008938$0.008938-0.03% +0.022%$10.16M
Gate logoGatePerpetual · PENGU_USDTPerpetual $0.008935$0.008937$0.008936-0.04% +0.030%$6.73M
OKX logoOKXSpot · PENGU-USDTSpot $0.008942$0.008944$0.008943+0.04% —$4.87M
Bybit logoBybitSpot · PENGUUSDTSpot $0.008942$0.008944$0.008943+0.04% —$4.73M
Gate logoGateSpot · PENGU_USDTSpot $0.008944$0.008945$0.008945+0.05% —$3.81M
KuCoin logoKuCoinSpot · PENGU-USDTSpot $0.00894$0.008944$0.008942+0.03% —$2.53M
Variational logoVariationalPerpetual · PENGUPerpetual $0.00893$0.008939$0.008935-0.06% +0.017%$1.56M
Bitget logoBitgetSpot · PENGUUSDTSpot $0.008945$0.008947$0.008946+0.07% —$1.06M
HTX logoHTXPerpetual · PENGU-USDTPerpetual $0.008955$0.008973$0.008964+0.27% +0.015%$317.8K
Binance logoBinancePerpetual · PENGUUSDTPerpetual $0.008935$0.008936$0.008935-0.05% +0.021%—
Aster logoAsterPerpetual · PENGUUSDTPerpetual $0.008932$0.00894$0.008936-0.04% +0.030%—
Binance logoBinanceSpot · PENGUUSDTSpot $0.008941$0.008942$0.008942+0.02% ——
MEXC logoMEXCSpot · PENGUUSDTSpot $0.008944$0.008951$0.008948+0.09% ——
Price is the bid/ask midpoint. "vs median" compares each market with the median of all centralized venues.

PENGU arbitrage explained

Right now Pudgy Penguins (PENGU) trades on 11 venues we scan: 11 perpetual markets, 7 spot markets and 0 DEX pools. The lowest ask is on Bybit perp at $0.008933 and the highest bid on HTX perp at $0.008955.

The widest PENGU perpetual spread is between Bybit and HTX: long PENGU on Bybit at $0.008933 and short on HTX at $0.008955 for +0.25% gross, or +0.09% after the 0.16% two-leg fee model. No transfer is needed: both positions stay on their exchanges until the prices converge. The funding difference on this pair is +0.001% per day, which the position collects while it is open.

For a spot–perpetual (cash-and-carry) trade, the best PENGU route is to buy spot on Binance and short the perpetual on HTX: +0.15% gross, -0.05% net, with +0.015% a day of funding on the short leg.

Spot–spot PENGU arbitrage (buy on Binance, withdraw, deposit and sell on Bitget) shows +0.03% gross right now. It only works if withdrawals on the buying exchange and deposits on the selling exchange are open, so check the D/W dots before moving coins.

Small PENGU gaps usually disappear after fees, slippage and funding. Look at the Net column, the executable Depth and the spread history before trading: a gap that has been open for days is a different trade from a one-minute spike.

Related: PENGU funding rates · PENGU spread charts · Pudgy Penguins price · arbitrage scanner for all coins.

Is there a PENGU arbitrage opportunity right now?

The best PENGU route right now is to buy on Bybit → sell on HTX (Perp–Perp): +0.25% gross and +0.09% after fees. It is positive after the fee model, but check depth and funding before trading.

Which exchange has the cheapest PENGU?

Bybit (perp) has the lowest PENGU ask at $0.008933, and HTX (perp) the highest bid at $0.008955. Prices update every 15 seconds on this page.

How many exchanges list PENGU?

ArbiLayer tracks 18 PENGU markets on 11 venues: 11 perpetual, 7 spot and 0 DEX pools.

How do I arbitrage PENGU without transferring coins?

Use two perpetual contracts: go long PENGU on the cheaper exchange (Bybit now) and short it on the more expensive one (HTX), then close both legs when the spread converges. The coins never move between exchanges.

Arbitrage for other coins

BLAST +21.95%CRO +19.24%ONE +7.71%ESPORTS +5.89%OPENAI +5.54%H100 +4.25%AI +4.20%ANTHROPIC +3.49%SPCX +3.46%EGLD +3.16%FLYBRAIN +3.12%ZIL +2.99%BEN +2.87%CATE +2.86%OURA +2.80%APPSTOCK +2.45%STAMP +2.40%PENGSTOCK +1.78%