Spread before costs (cost unknown: a leg has no order-book sample)+0.403%
7d average—if it closes, per $10,000$40funding while held, a day−$3.00
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Arcus PENGU-USD | 0.008680 | 0.0100 | pay 0.0013% / 1h | 7m 43s | $4K | $9K | 5x |
| Short | Deribit PENGU_USDC-PERPETUAL | 0.008715 | 0 | get 0.0000% / 1h | 7m 43s | $21K | $6K | 10x |
Arcus PENGU-USD
Deribit PENGU_USDC-PERPETUALPrice 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
- $40.32
- Funding while held
- −$3
- Slippage, 4 orders
- no order book: not counted
- Fee Arcus: 2.25 bp × 2 orders
- −$4.5
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- $25.82
- Spread needed to break even
- 0.115%
Slippage unknown: Arcus: no order-book sample; Deribit: no order-book sample. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- −0.0100%
- Per $10,000 a day
- −$3.00
- 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 Deribit no order-book sample | — | — | — | — | — |
Arcus and Deribit: 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.Binance0.008667cheapestBybit0.008674+0.079%MEXC0.008678+0.126%BingX0.008678+0.126%Gate0.008679+0.137%
Binance
Bybit
MEXC
BingX
GateArcus0.008680+0.149%
KuCoin0.008680+0.149%dYdX0.008680+0.149%OKX0.008681+0.160%Lighter0.008682+0.172%Extended0.008683+0.183%Pacifica0.008683+0.183%01 Exchange0.008685+0.206%Bitget0.008685+0.206%Backpack0.008703+0.414%Reya0.008704+0.429%BloFin0.008707+0.460%Hyperliquid0.008709+0.483%Nado0.008711+0.506%Orderly0.008713+0.529%SoDEX0.008714+0.541%Aster0.008714+0.545%GMX0.008715+0.553%Aevo0.008715+0.553%
KuCoin
dYdX
OKX
Lighter
Extended
Pacifica
Bitget
Backpack
Reya
BloFin
Hyperliquid
Nado
Orderly
SoDEX
Aster
GMX
AevoDeribit0.008715+0.553%
gTrade (Gains Network)0.008716+0.562%ApeX Omni0.008718+0.587%HTX0.008729+0.714%Kraken Futures0.008729+0.714%Variational Omni0.008742+0.865%Coinbase International0.008822+1.787%SunX0.008922+2.941%
gTrade (Gains Network)
ApeX Omni
HTX
Kraken Futures
Variational Omni
Coinbase International
SunXInjective0.009138+5.433%
InjectivePENGU on 33 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Binance PENGUUSDT | −0.149% | +0.0100% | 4h | $37.2M | $112.9M | 75x | as long as short |
| Bybit PENGUUSDT | −0.069% | +0.0100% | 4h | $21.9M | $22.7M | 75x | as long as short |
| MEXC PENGU_USDT | −0.023% | +0.0100% | 4h | $13.6M | $10.0M | 125x | as long as short |
| BingX PENGU-USDT | −0.023% | +0.0100% | 4h | — | $3.8M | — | as long as short |
| Gate PENGU_USDT | −0.012% | +0.0088% | 4h | $3.8M | $10.2M | 75x | as long as short |
| Arcus PENGU-USDlong | 0.000% | +0.0100% | 1h | $4K | $9K | 5x | |
| KuCoin PENGUUSDTM | 0.000% | +0.0100% | 4h | $5.0M | $6.8M | 75x | as long as short |
| dYdX PENGU-USD | +0.001% | 0.0000% | 1h | $10K | $1K | 5x | as long as short |
| OKX PENGU-USDT-SWAP | +0.012% | +0.0100% | 4h | $7.7M | $36.7M | 50x | as long as short |
| Lighter PENGU | +0.023% | +0.0096% | 1h | $304K | $452K | 8x | as long as short |