After costs, if the gap returns to its 7d average, $10k−$47
spread now+0.081%7d average+0.060%fees + slippage, in and out−$49spread needed0.490%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Backpack PENGU_USDC_PERP | 0.008692 | 0.0100 | pay 0.0013% / 1h | 24m 01s | $308K | $306K | 10x |
| Short | Bitget PENGUUSDT | 0.008699 | 0.0100 | get 0.0050% / 4h | 2h 24m | $8.5M | $9.7M | 75x |
Backpack PENGU_USDC_PERP
Bitget PENGUUSDTPrice 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
- $8.05
- Funding while held
- $0
- Slippage, 4 orders
- −$26.97
- Fee Backpack: 5 bp × 2 orders
- −$10
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$40.91
- Spread needed to break even
- 0.490%
Slippage from Backpack: live order book, 16 min ago; Bitget: live order book, 1 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 Backpack live order book, 16 min ago | 0.58 bp | 9.4 bp −$9 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bitget live order book, 1 min ago | 1.15 bp | 13.6 bp −$14 | 36.3 bp −$363 | doesn't fit | doesn't fit |
PENGU price on every exchange
against the cheapest. Click to use as the short leg.ApeX Omni0.008652cheapestBingX0.008681+0.335%BloFin0.008687+0.405%Pacifica0.008688+0.416%Reya0.008688+0.419%Bybit0.008689+0.428%Aster0.008689+0.428%dYdX0.008690+0.436%Arcus0.008690+0.439%MEXC0.008690+0.439%GMX0.008690+0.439%OKX0.008691+0.451%Gate0.008691+0.451%Nado0.008691+0.457%
ApeX Omni
BingX
BloFin
Pacifica
Reya
Bybit
Aster
dYdX
Arcus
MEXC
GMX
OKX
Gate
NadoBackpack0.008692+0.462%
gTrade (Gains Network)0.008693+0.470%Orderly0.008693+0.474%Aevo0.008695+0.497%KuCoin0.008696+0.509%Extended0.008696+0.511%SoDEX0.008698+0.532%Variational Omni0.008699+0.543%Hyperliquid0.008699+0.543%
gTrade (Gains Network)
Orderly
Aevo
KuCoin
Extended
SoDEX
Variational Omni
HyperliquidBitget0.008699+0.543%
01 Exchange0.008700+0.555%Deribit0.008700+0.555%Binance0.008700+0.560%Lighter0.008704+0.601%HTX0.008705+0.613%Kraken Futures0.008708+0.645%Injective0.008792+1.618%Coinbase International0.008808+1.803%SunX0.008897+2.832%
Deribit
Binance
Lighter
HTX
Kraken Futures
Injective
Coinbase International
SunXPENGU on 33 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| ApeX Omni PENGUUSDT | −0.460% | +0.0058% | 1h | $79K | $252K | 50x | as long as short |
| BingX PENGU-USDC | −0.127% | +0.0100% | 4h | — | $2.3M | — | as long as short |
| BloFin PENGU-USDT | −0.058% | +0.0340% | 4h | $1.5M | $1.5M | 75x | as long as short |
| Pacifica PENGU | −0.046% | +0.0100% | 1h | $203K | $131K | 5x | as long as short |
| Reya PENGURUSDPERP | −0.043% | +0.0236% | 1h | $293 | — | 10x | as long as short |
| Bybit PENGUUSDT | −0.035% | +0.0100% | 4h | $22.1M | $26.9M | 75x | as long as short |
| Aster PENGUUSDT | −0.034% | +0.0100% | 4h | $206K | $345K | 20x | as long as short |
| dYdX PENGU-USD | −0.026% | 0.0000% | 1h | $11K | $5K | 5x | as long as short |
| Arcus PENGU-USD | −0.023% | +0.0100% | 1h | $19K | $23K | 5x | as long as short |
| MEXC PENGU_USDT | −0.023% | +0.0100% | 4h | $11.6M | $10.9M | 125x | as long as short |