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+0.12%Bybit → HTX · Perp–Perp
Best perp–perp spread+0.28%Bybit → HTX
Markets tracked1811 venues · 11 perp · 7 spot · 0 DEX
Price range0.36%$0.008946 – $0.008978

Spreads between exchanges

Long (buy)Short (sell)SpreadNetSpread+FDepth $Funding 24hFunding 30DD/WChart
Binance logoBinancespot$0.008955HTX logoHTX$0.008971 +0.18%-0.02% +0.18%— +0.015%— LS Chart →
Bybit logoBybitspot$0.008957HTX logoHTX$0.008971 +0.16%-0.04% +0.16%— +0.015%— LS Chart →
Bitget logoBitgetspot$0.008957HTX logoHTX$0.008971 +0.16%-0.04% +0.16%— +0.015%— LS Chart →
OKX logoOKXspot$0.008958HTX logoHTX$0.008971 +0.15%-0.05% +0.15%— +0.015%— LS Chart →
KuCoin logoKuCoinspot$0.008958HTX logoHTX$0.008971 +0.15%-0.05% +0.15%— +0.015%— LS Chart →
Gate logoGatespot$0.008961HTX logoHTX$0.008971 +0.11%-0.09% +0.12%— +0.015%— LS Chart →
Binance logoBinancespot$0.008955Bitget logoBitget$0.008964 +0.10%-0.10% +0.11%— +0.030%— LS Chart →
Bybit logoBybitspot$0.008957Bitget logoBitget$0.008964 +0.08%-0.12% +0.08%— +0.030%— LS Chart →
Bitget logoBitgetspot$0.008957Bitget logoBitget$0.008964 +0.08%-0.12% +0.08%— +0.030%— LS Chart →
OKX logoOKXspot$0.008958Bitget logoBitget$0.008964 +0.07%-0.13% +0.07%— +0.030%— LS Chart →
KuCoin logoKuCoinspot$0.008958Bitget logoBitget$0.008964 +0.07%-0.13% +0.07%— +0.030%— LS Chart →
MEXC logoMEXCspot$0.008965HTX logoHTX$0.008971 +0.07%-0.13% +0.07%— +0.015%— LS Chart →
Gate logoGatespot$0.008961Bitget logoBitget$0.008964 +0.03%-0.17% +0.04%— +0.030%— LS Chart →
Binance logoBinancespot$0.008955Hyperliquid logoHyperliquid$0.008956 +0.01%-0.19% +0.01%— +0.030%— LS Chart →
MEXC logoMEXCspot$0.008965Bitget logoBitget$0.008964 -0.01%-0.21% -0.01%— +0.030%— 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 $0.008947$0.008948$0.008948-0.08% -0.028%$35.48M
Bybit logoBybitPerpetual · PENGUUSDTPerpetual $0.008945$0.008946$0.008946-0.10% +0.029%$31.63M
KuCoin logoKuCoinPerpetual · PENGUUSDTMPerpetual $0.008947$0.008949$0.008948-0.08% -0.048%$12.82M
Bitget logoBitgetPerpetual · PENGUUSDTPerpetual $0.008964$0.008966$0.008965+0.11% +0.030%$11.47M
Hyperliquid logoHyperliquidPerpetual · PENGUPerpetual $0.008956$0.008957$0.008957+0.02% +0.030%$10.92M
MEXC logoMEXCPerpetual · PENGU_USDTPerpetual $0.008951$0.008952$0.008952-0.04% +0.028%$10.02M
Gate logoGatePerpetual · PENGU_USDTPerpetual $0.008952$0.008953$0.008952-0.03% +0.030%$6.66M
OKX logoOKXSpot · PENGU-USDTSpot $0.008955$0.008958$0.008957+0.02% —$4.90M
Bybit logoBybitSpot · PENGUUSDTSpot $0.008955$0.008957$0.008956+0.01% —$4.68M
Gate logoGateSpot · PENGU_USDTSpot $0.008959$0.008961$0.00896+0.06% —$3.75M
KuCoin logoKuCoinSpot · PENGU-USDTSpot $0.008954$0.008958$0.008956+0.01% —$2.59M
Variational logoVariationalPerpetual · PENGUPerpetual $0.008945$0.008953$0.008949-0.06% +0.029%$1.67M
Bitget logoBitgetSpot · PENGUUSDTSpot $0.008953$0.008957$0.008955+0.00% —$752.4K
HTX logoHTXPerpetual · PENGU-USDTPerpetual $0.008971$0.008985$0.008978+0.26% +0.015%$310.6K
Binance logoBinancePerpetual · PENGUUSDTPerpetual $0.00895$0.008951$0.008951-0.05% +0.030%—
Aster logoAsterPerpetual · PENGUUSDTPerpetual $0.008949$0.008955$0.008952-0.03% +0.030%—
Binance logoBinanceSpot · PENGUUSDTSpot $0.008954$0.008955$0.008955-0.00% ——
MEXC logoMEXCSpot · PENGUUSDTSpot $0.008957$0.008965$0.008961+0.07% ——
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 $0.008946 and the highest bid on HTX perp at $0.008971.

The widest PENGU perpetual spread is between Bybit and HTX: long PENGU on Bybit at $0.008946 and short on HTX at $0.008971 for +0.28% gross, or +0.12% 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 -0.014% per day, which the position pays 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: +0.18% gross, -0.02% net, with +0.015% a day of funding on the short leg.

Spot–spot PENGU arbitrage (buy on Binance, withdraw, deposit and sell on Gate) shows +0.04% 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): +0.28% gross and +0.12% 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 $0.008946, and HTX (perp) the highest bid at $0.008971. 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

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