Spread before costs (cost unknown: a leg has no order-book sample)+0.139%
7d average—if it closes, per $10,000$14funding while held, a day+$0.00
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Arcus PENGU-USD | 0.008610 | 0.0100 | pay 0.0013% / 1h | 21m 24s | $3K | $9K | 5x |
| Short | Hyperliquid PENGU | 0.008622 | 0.0100 | get 0.0013% / 1h | 21m 24s | $8.3M | $6.6M | 5x |
Arcus PENGU-USD
Hyperliquid PENGUPrice 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
- $13.94
- Funding while held
- $0
- Slippage, 4 orders
- no order book: not counted
- Fee Arcus: 2.25 bp × 2 orders
- −$4.5
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- $0.44
- Spread needed to break even
- 0.135%
Slippage unknown: Arcus: no order-book sample; Hyperliquid: live order book, 2 min ago. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- 0.0000%
- Per $10,000 a day
- +$0.00
- 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 Hyperliquid live order book, 2 min ago | 1.74 bp | 9.4 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.Variational Omni0.008552cheapestBackpack0.008580+0.330%SoDEX0.008582+0.353%Nado0.008582+0.359%Deribit0.008588+0.424%dYdX0.008589+0.437%Aevo0.008590+0.447%Kraken Futures0.008591+0.454%Lighter0.008593+0.482%BloFin0.008595+0.505%Pacifica0.008596+0.517%01 Exchange0.008597+0.529%Bybit0.008598+0.541%Aster0.008599+0.552%Extended0.008599+0.558%OKX0.008604+0.611%Gate0.008604+0.611%ApeX Omni0.008604+0.611%Orderly0.008606+0.634%GMX0.008608+0.657%HTX0.008608+0.657%Binance0.008609+0.665%gTrade (Gains Network)0.008609+0.668%BingX0.008609+0.669%
Variational Omni
Backpack
SoDEX
Nado
Deribit
dYdX
Aevo
Kraken Futures
Lighter
BloFin
Pacifica
Bybit
Aster
Extended
OKX
Gate
ApeX Omni
Orderly
GMX
HTX
Binance
gTrade (Gains Network)
BingXArcus0.008610+0.681%
MEXC0.008614+0.728%KuCoin0.008615+0.739%Reya0.008616+0.749%
MEXC
KuCoin
ReyaHyperliquid0.008622+0.821%
Bitget0.008625+0.856%Coinbase International0.008680+1.499%SunX0.008787+2.751%
Bitget
Coinbase International
SunXInjective0.009211+7.709%
InjectivePENGU on 33 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Variational Omni PENGU | −0.676% | +0.0100% | 4h | $664K | $330K | — | as long as short |
| Backpack PENGU_USDC_PERP | −0.348% | −0.0194% | 1h | $300K | $275K | 10x | as long as short |
| SoDEX PENGU-USD | −0.325% | +0.0100% | 1h | $977 | $14K | 5x | as long as short |
| Nado PENGU-PERP | −0.319% | +0.0100% | 1h | $221K | $309K | 5x | as long as short |
| Deribit PENGU_USDC-PERPETUAL | −0.256% | −0.0099% | 1h | $21K | $4K | 10x | as long as short |
| dYdX PENGU-USD | −0.243% | 0.0000% | 1h | $10K | $1K | 5x | as long as short |
| Aevo PENGU-PERP | −0.232% | +0.0104% | 1h | $198K | $17K | 3x | as long as short |
| Kraken Futures PF_PENGUUSD | −0.225% | +0.0529% | 1h | $365K | $805K | 50x | as long as short |
| Lighter PENGU | −0.197% | +0.0096% | 1h | $298K | $448K | 8x | as long as short |
| BloFin PENGU-USDT | −0.174% | +0.0340% | 4h | $1.5M | $916K | 75x | as long as short |
Show all 33 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Pacifica PENGU | −0.163% | +0.0100% | 1h | $202K | $125K | 5x | as long as short |
| 01 Exchange PENGUUSD | −0.151% | −0.0080% | 1h | $166 | $28 | 5x | as long as short |
| Bybit PENGUUSDT | −0.139% | +0.0100% | 4h | $21.6M | $22.4M | 75x | as long as short |
| Aster PENGUUSDT | −0.128% | +0.0100% | 4h | $173K | $321K | 20x | as long as short |
| Extended PENGU-USD | −0.122% | +0.0104% | 1h | $190K | $665K | 10x | as long as short |
| OKX PENGU-USDT-SWAP | −0.070% | +0.0100% | 4h | $7.5M | $35.6M | 50x | as long as short |
| Gate PENGU_USDT | −0.070% | +0.0100% | 4h | $3.7M | $9.8M | 75x | as long as short |
| ApeX Omni PENGUUSDT | −0.070% | +0.0100% | 1h | $74K | $251K | 50x | as long as short |
| Orderly PERP_PENGU_USDC | −0.046% | +0.0098% | 4h | $21K | $179K | 20x | as long as short |
| GMX PENGU/USD [WBTC.b-USDC] | −0.023% | L +0.0390% / S −0.0366% | 1h | $85K | — | 100x | as long as short |
| HTX PENGU-USDT | −0.023% | +0.0100% | 4h | $95K | $183K | 25x | as long as short |
| Binance PENGUUSDT | −0.016% | +0.0100% | 4h | $36.7M | $110.1M | 75x | as long as short |
| gTrade (Gains Network) PENGU/USD | −0.012% | L +0.0007% / S −0.0003% | 1h | $32K | — | 150x | as long as short |
| BingX PENGU-USDT | −0.012% | +0.0100% | 4h | — | $3.8M | — | as long as short |
| Arcus PENGU-USDlong | 0.000% | +0.0100% | 1h | $3K | $9K | 5x | |
| MEXC PENGU_USDT | +0.046% | +0.0100% | 4h | $13.7M | $9.9M | 125x | as long as short |
| KuCoin PENGUUSDTM | +0.058% | +0.0100% | 4h | $5.0M | $6.7M | 75x | as long as short |
| Reya PENGURUSDPERP | +0.067% | +0.0235% | 1h | $291 | — | 10x | as long as short |
| Hyperliquid PENGUshort | +0.139% | +0.0100% | 1h | $8.3M | $6.6M | 5x | |
| Bitget PENGUUSDT | +0.174% | +0.0100% | 4h | $8.6M | $8.2M | 75x | as long as short |
| Coinbase International PENGU-PERP-INTX | +0.813% | +0.2520% | 1h | $91K | $164K | 50x | as long as short |
| SunX PENGU-USDT | +2.056% | +0.0100% | 4h | $3K | $1.8M | 10x | as long as short |
| Injective PENGU/USDC PERP | +6.980% | +0.0033% | 1h | $3K | $116K | 5.5x | as long as short |