Spread before costs (cost unknown: a leg has no order-book sample)−0.193%
7d average—if it closes, per $10,000$19funding while held, a day+$0.00
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Backpack PENGU_USDC_PERP | 0.008817 | 0.0100 | pay 0.0013% / 1h | 33m 08s | $309K | $306K | 10x |
| Short | Arcus PENGU-USD | 0.008800 | 0.0100 | get 0.0013% / 1h | 33m 08s | $19K | $25K | 5x |
Backpack PENGU_USDC_PERP
Arcus PENGU-USDPrice 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
- −$19.28
- Funding while held
- $0
- Slippage, 4 orders
- no order book: not counted
- Fee Backpack: 5 bp × 2 orders
- −$10
- Fee Arcus: 2.25 bp × 2 orders
- −$4.5
- Net
- −$33.78
- Spread needed to break even
- 0.145%
Slippage unknown: Backpack: live order book, 12 min ago; Arcus: no order-book sample. 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 Backpack live order book, 12 min ago | 0.56 bp | 7.4 bp −$7 | doesn't fit | doesn't fit | doesn't fit |
| Sell Arcus no order-book sample | — | — | — | — | — |
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.Arcus0.008800cheapest
SoDEX0.008804+0.045%Reya0.008806+0.066%BingX0.008806+0.068%gTrade (Gains Network)0.008810+0.111%Nado0.008810+0.114%GMX0.008810+0.114%Orderly0.008810+0.114%Aevo0.008810+0.114%Extended0.008810+0.115%01 Exchange0.008812+0.136%Deribit0.008812+0.136%Aster0.008812+0.140%Bybit0.008813+0.148%Lighter0.008815+0.170%Gate0.008815+0.170%KuCoin0.008815+0.170%Binance0.008815+0.173%OKX0.008817+0.193%MEXC0.008817+0.193%
SoDEX
Reya
BingX
gTrade (Gains Network)
Nado
GMX
Orderly
Aevo
Extended
Deribit
Aster
Bybit
Lighter
Gate
KuCoin
Binance
OKX
MEXCBackpack0.008817+0.193%
BloFin0.008817+0.193%Kraken Futures0.008819+0.217%Pacifica0.008825+0.284%Bitget0.008827+0.307%ApeX Omni0.008827+0.307%HTX0.008828+0.318%dYdX0.008832+0.362%Hyperliquid0.008832+0.364%Variational Omni0.008843+0.485%Coinbase International0.008950+1.705%Injective0.008971+1.943%SunX0.009020+2.500%
BloFin
Kraken Futures
Pacifica
Bitget
ApeX Omni
HTX
dYdX
Hyperliquid
Variational Omni
Coinbase International
Injective
SunXPENGU on 33 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Arcus PENGU-USDshort | −0.193% | +0.0100% | 1h | $19K | $25K | 5x | |
| SoDEX PENGU-USD | −0.147% | +0.0100% | 1h | $995 | $14K | 5x | as long as short |
| Reya PENGURUSDPERP | −0.127% | +0.0235% | 1h | $297 | — | 10x | as long as short |
| BingX PENGU-USDC | −0.125% | +0.0100% | 4h | — | $2.3M | — | as long as short |
| gTrade (Gains Network) PENGU/USD | −0.082% | L +0.0007% / S −0.0003% | 1h | $33K | — | 150x | as long as short |
| Nado PENGU-PERP | −0.079% | +0.0100% | 1h | $643K | $629K | 5x | as long as short |
| GMX PENGU/USD [WBTC.b-USDC] | −0.079% | L +0.0498% / S −0.0660% | 1h | $111K | — | 100x | as long as short |
| Orderly PERP_PENGU_USDC | −0.079% | +0.0097% | 4h | $16K | $186K | 20x | as long as short |
| Aevo PENGU-PERP | −0.079% | +0.0104% | 1h | $204K | $17K | 3x | as long as short |
| Extended PENGU-USD | −0.078% | +0.0104% | 1h | $192K | $669K | 10x | as long as short |