After costs, if the gap returns to its 7d average, $10k−$52
spread now−0.103%7d average+0.037%fees + slippage, in and out−$38spread needed0.384%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Backpack PENGU_USDC_PERP | 0.008699 | −0.0130 | get 0.0016% / 1h | 14m 37s | $305K | $282K | 10x |
| Short | BloFin PENGU-USDT | 0.008690 | 0.0340 | get 0.0170% / 4h | 14m 37s | $1.5M | $928K | 75x |
Backpack PENGU_USDC_PERP
BloFin PENGU-USDTPrice 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
- −$10.35
- Funding while held
- $14.09
- Slippage, 4 orders
- −$16.42
- Fee Backpack: 5 bp × 2 orders
- −$10
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$34.68
- Spread needed to break even
- 0.384%
Slippage from Backpack: live order book, 35 min ago; BloFin: live order book, 5 min ago.
Cost of waiting
funding view- Funding /8h
- +0.0470%
- Per $10,000 a day
- +$14.09
- 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, 35 min ago | 0.57 bp | 7.5 bp −$8 | doesn't fit | doesn't fit | doesn't fit |
| Sell BloFin live order book, 5 min ago | 1.73 bp | 11.5 bp −$11 | 22.3 bp −$223 | 67.5 bp −$6,752 | doesn't fit |
PENGU price on every exchange
against the cheapest. Click to use as the short leg.ApeX Omni0.008654cheapestVariational Omni0.008663+0.101%01 Exchange0.008685+0.358%Reya0.008686+0.371%Nado0.008687+0.381%GMX0.008687+0.381%Aevo0.008689+0.404%BingX0.008690+0.416%
ApeX Omni
Variational Omni
Reya
Nado
GMX
Aevo
BingXBloFin0.008690+0.416%
gTrade (Gains Network)0.008691+0.429%Gate0.008693+0.451%Bybit0.008694+0.462%Deribit0.008694+0.462%Orderly0.008695+0.474%dYdX0.008698+0.503%SoDEX0.008698+0.508%Extended0.008699+0.519%OKX0.008699+0.520%
gTrade (Gains Network)
Gate
Bybit
Deribit
Orderly
dYdX
SoDEX
Extended
OKXBackpack0.008699+0.520%
Arcus0.008700+0.532%Aster0.008701+0.548%Pacifica0.008702+0.555%MEXC0.008702+0.555%KuCoin0.008702+0.555%Kraken Futures0.008704+0.573%Binance0.008704+0.575%Lighter0.008704+0.578%Hyperliquid0.008705+0.589%Bitget0.008710+0.647%HTX0.008712+0.670%Coinbase International0.008774+1.387%SunX0.008911+2.970%
Arcus
Aster
Pacifica
MEXC
KuCoin
Kraken Futures
Binance
Lighter
Hyperliquid
Bitget
HTX
Coinbase International
SunXInjective0.009138+5.593%
InjectivePENGU on 33 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| ApeX Omni PENGUUSDT | −0.517% | +0.0100% | 1h | $75K | $250K | 50x | as long as short |
| Variational Omni PENGU | −0.417% | +0.0100% | 4h | $677K | $335K | — | as long as short |
| 01 Exchange PENGUUSD | −0.161% | −0.0080% | 1h | $167 | $28 | 5x | as long as short |
| Reya PENGURUSDPERP | −0.148% | +0.0235% | 1h | $293 | — | 10x | as long as short |
| Nado PENGU-PERP | −0.138% | +0.0100% | 1h | $224K | $312K | 5x | as long as short |
| GMX PENGU/USD [WBTC.b-USDC] | −0.138% | L +0.0478% / S −0.0525% | 1h | $110K | — | 100x | as long as short |
| Aevo PENGU-PERP | −0.115% | +0.0104% | 1h | $201K | $17K | 3x | as long as short |
| BingX PENGU-USDC | −0.103% | +0.0100% | 4h | — | $2.3M | — | as long as short |
| BloFin PENGU-USDTshort | −0.103% | +0.0340% | 4h | $1.5M | $928K | 75x | |
| gTrade (Gains Network) PENGU/USD | −0.090% | L +0.0007% / S −0.0003% | 1h | $33K | — | 150x | as long as short |