Spread before costs (cost unknown: a leg has no order-book sample)−0.047%
7d average—if it closes, per $10,000$5funding while held, a day−$1.39
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Arcus PENGU-USD | 0.008600 | 0.0100 | pay 0.0013% / 1h | 40m 50s | $19K | $23K | 5x |
| Short | Backpack PENGU_USDC_PERP | 0.008596 | 0.0054 | get 0.0007% / 1h | 40m 50s | $305K | $308K | 10x |
Arcus PENGU-USD
Backpack PENGU_USDC_PERPPrice spread history
latest
Range statsloading…
How often the spread is this wide
share of time at each level, last 7DBacktest
opened in the past, held until now, after costsProfit calculator
- Spread captured
- −$4.65
- Funding while held
- −$1.39
- Slippage, 4 orders
- no order book: not counted
- Fee Arcus: 2.25 bp × 2 orders
- −$4.5
- Fee Backpack: 5 bp × 2 orders
- −$10
- Net
- −$20.54
- Spread needed to break even
- 0.145%
Slippage unknown: Arcus: no order-book sample; Backpack: live order book, 64 min ago. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- −0.0046%
- Per $10,000 a day
- −$1.39
- Average in range /8h
- —
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 Arcus no order-book sample | — | — | — | — | — |
| Sell Backpack live order book, 64 min ago | 0.56 bp | 8.9 bp −$9 | doesn't fit | doesn't fit | doesn't fit |
Arcus: 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 price on every exchange
against the cheapest. Click to use as the short leg.Aevo0.008589cheapestSoDEX0.008589cheapestDeribit0.008591+0.023%BloFin0.008593+0.047%Orderly0.008595+0.070%Pacifica0.008596+0.081%
Aevo
SoDEX
Deribit
BloFin
Orderly
PacificaBackpack0.008596+0.081%
Lighter0.008598+0.105%GMX0.008599+0.116%
Lighter
GMXArcus0.008600+0.128%
gTrade (Gains Network)0.008600+0.129%dYdX0.008601+0.142%Kraken Futures0.008602+0.151%Nado0.008602+0.151%KuCoin0.008603+0.163%Aster0.008603+0.166%Reya0.008604+0.173%Hyperliquid0.008605+0.186%Bybit0.008607+0.210%BingX0.008607+0.210%Gate0.008608+0.221%Extended0.008608+0.227%MEXC0.008611+0.256%Bitget0.008611+0.256%OKX0.008613+0.279%Binance0.008615+0.307%01 Exchange0.008617+0.326%HTX0.008617+0.326%ApeX Omni0.008644+0.640%Variational Omni0.008677+1.022%Injective0.008792+2.363%SunX0.008806+2.526%Coinbase International0.008808+2.550%
gTrade (Gains Network)
dYdX
Kraken Futures
Nado
KuCoin
Aster
Reya
Hyperliquid
Bybit
BingX
Gate
Extended
MEXC
Bitget
OKX
Binance
HTX
ApeX Omni
Variational Omni
Injective
SunX
Coinbase InternationalPENGU on 33 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Aevo PENGU-PERP | −0.128% | +0.0104% | 1h | $198K | $17K | 3x | as long as short |
| SoDEX PENGU-USD | −0.128% | +0.0100% | 1h | $958 | $14K | 5x | as long as short |
| Deribit PENGU_USDC-PERPETUAL | −0.105% | 0.0000% | 1h | $19K | $7K | 10x | as long as short |
| BloFin PENGU-USDT | −0.081% | +0.0340% | 4h | $1.5M | $1.5M | 75x | as long as short |
| Orderly PERP_PENGU_USDC | −0.058% | +0.0098% | 4h | $16K | $183K | 20x | as long as short |
| Pacifica PENGU | −0.047% | +0.0100% | 1h | $201K | $130K | 5x | as long as short |
| Backpack PENGU_USDC_PERPshort | −0.047% | +0.0054% | 1h | $305K | $308K | 10x | |
| Lighter PENGU | −0.023% | +0.0096% | 1h | $307K | $477K | 8x | as long as short |
| GMX PENGU/USD [WBTC.b-USDC] | −0.012% | L +0.0492% / S −0.0679% | 1h | $108K | — | 100x | as long as short |
| Arcus PENGU-USDlong | 0.000% | +0.0100% | 1h | $19K | $23K | 5x |