PENGU

Alert

After costs, if the gap returns to its 7d average, $10k−$47

spread now−0.039%7d average—fees + slippage, in and out−$43spread needed0.433%

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster PENGUUSDT	0.008602	0.0100	pay 0.0050% / 4h	2h 39m	$204K	$345K	20x
Short	BingX PENGU-USDT	0.008599	0.0100	get 0.0050% / 4h	2h 39m	—	$4.1M	—

Price spread history

latest

Range statsloading…

How often the spread is this wide

share of time at each level, last 7D

Backtest

opened in the past, held until now, after costs

Backtest 7 days Backtest 30 days Backtest 90 daysopens the backtester with this pair and $10,000 a leg

Profit calculator

Position, each leg$Hold forhoursFee AsterbpFee BingXbpOrdersClose when spread is

Spread captured: −$3.88
Funding while held: $0
Slippage, 4 orders: −$25.28
Fee Aster: 4 bp × 2 orders: −$8
Fee BingX: 5 bp × 2 orders: −$10
Net: −$47.16
Spread needed to break even: 0.433%

Slippage from Aster: live order book, 64 min ago; BingX: live order book, 2 min ago.

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 Aster live order book, 64 min ago	5.01 bp	12.2 bp −$12	doesn't fit	doesn't fit	doesn't fit
Sell BingX live order book, 2 min ago	1.75 bp	11.5 bp −$11	16.7 bp −$167	45.4 bp −$4,540	280.8 bp −$140.4K

PENGU on 33 venues

cheapest first. Swap a leg.

Exchange	vs long leg	Funding /8h	Every	OI	Vol 24h	Max lev
Variational Omni PENGU	−0.109%	+0.0100%	4h	$760K	$519K	—	as long as short
BloFin PENGU-USDT	−0.109%	+0.0340%	4h	$1.5M	$1.5M	75x	as long as short
Backpack PENGU_USDC_PERP	−0.097%	+0.0058%	1h	$305K	$308K	10x	as long as short
SoDEX PENGU-USD	−0.097%	+0.0100%	1h	$964	$14K	5x	as long as short
Aevo PENGU-PERP	−0.085%	+0.0104%	1h	$199K	$17K	3x	as long as short
Deribit PENGU_USDC-PERPETUAL	−0.062%	0.0000%	1h	$19K	$7K	10x	as long as short
Extended PENGU-USD	−0.046%	+0.0104%	1h	$177K	$676K	10x	as long as short
BingX PENGU-USDTshort	−0.039%	+0.0100%	4h	—	$4.1M	—
Orderly PERP_PENGU_USDC	−0.039%	+0.0098%	4h	$16K	$183K	20x	as long as short
Lighter PENGU	−0.027%	+0.0096%	1h	$307K	$477K	8x	as long as short

Show all 33 venues

Exchange	vs long leg	Funding /8h	Every	OI	Vol 24h	Max lev
Bybit PENGUUSDT	−0.027%	+0.0100%	4h	$21.9M	$26.8M	75x	as long as short
KuCoin PENGUUSDTM	−0.027%	+0.0100%	4h	$5.1M	$7.0M	75x	as long as short
Hyperliquid PENGU	−0.016%	+0.0100%	1h	$9.5M	$11.6M	5x	as long as short
MEXC PENGU_USDT	−0.016%	+0.0100%	4h	$11.4M	$10.8M	125x	as long as short
GMX PENGU/USD [WBTC.b-USDC]	−0.016%	L +0.0492% / S −0.0679%	1h	$108K	—	100x	as long as short
Gate PENGU_USDT	−0.004%	−0.0126%	4h	$3.6M	$12.8M	75x	as long as short
Aster PENGUUSDTlong	0.000%	+0.0100%	4h	$204K	$345K	20x
gTrade (Gains Network) PENGU/USD	+0.004%	L +0.0007% / S −0.0003%	1h	$33K	—	150x	as long as short
Kraken Futures PF_PENGUUSD	+0.026%	+0.0289%	1h	$364K	$856K	50x	as long as short
Reya PENGURUSDPERP	+0.026%	+0.0236%	1h	$291	—	10x	as long as short
Binance PENGUUSDT	+0.043%	+0.0100%	4h	$36.5M	$127.0M	75x	as long as short
Pacifica PENGU	+0.054%	+0.0100%	1h	$202K	$130K	5x	as long as short
HTX PENGU-USDT	+0.077%	+0.0100%	4h	$99K	$211K	25x	as long as short
dYdX PENGU-USD	+0.082%	0.0000%	1h	$11K	$5K	5x	as long as short
OKX PENGU-USDT-SWAP	+0.089%	+0.0100%	4h	$7.7M	$39.7M	50x	as long as short
Arcus PENGU-USD	+0.089%	+0.0100%	1h	$19K	$23K	5x	as long as short
Nado PENGU-PERP	+0.106%	+0.0100%	1h	$630K	$673K	5x	as long as short
Bitget PENGUUSDT	+0.124%	+0.0100%	4h	$8.4M	$9.6M	75x	as long as short
01 Exchange PENGUUSD	+0.170%	+0.0120%	1h	$166	$28	5x	as long as short
ApeX Omni PENGUUSDT	+0.484%	−0.0098%	1h	$79K	$253K	50x	as long as short
Injective PENGU/USDC PERP	+2.205%	+0.4551%	1h	$3K	$51K	5.5x	as long as short
Coinbase International PENGU-PERP-INTX	+2.391%	+0.2968%	1h	$93K	$128K	50x	as long as short
SunX PENGU-USDT	+2.426%	+0.0100%	4h	$3K	$2.0M	10x	as long as short