After costs, if the gap returns to its 7d average, $10k−$8
spread now+0.465%7d average+0.023%fees + slippage, in and out−$52spread needed0.523%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Backpack PENGU_USDC_PERP | 0.008395 | 0.0100 | pay 0.0013% / 1h | 9m 43s | $289K | $256K | 10x |
| Short | Gate PENGU_USDT | 0.008434 | 0.0100 | get 0.0050% / 4h | 1h 09m | $3.6M | $7.8M | 75x |
Backpack PENGU_USDC_PERP
Gate 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
- $46.46
- Funding while held
- $0
- Slippage, 4 orders
- −$27.25
- Fee Backpack: 5 bp × 2 orders
- −$10
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$5.8
- Spread needed to break even
- 0.523%
Slippage from Backpack: live order book, 45 min ago; Gate: live order book, 5 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, 45 min ago | 0.61 bp | 8.1 bp −$8 | doesn't fit | doesn't fit | doesn't fit |
| Sell Gate live order book, 5 min ago | 1.80 bp | 17.6 bp −$18 | 41.5 bp −$415 | doesn't fit | doesn't fit |
PENGU price on every exchange
against the cheapest. Click to use as the short leg.Injective0.007874cheapest
ApeX Omni0.008362+6.198%GMX0.008388+6.528%Aevo0.008388+6.528%Reya0.008389+6.538%Nado0.008389+6.541%gTrade (Gains Network)0.008390+6.549%Orderly0.008390+6.553%Deribit0.008390+6.553%
Injective
ApeX Omni
GMX
Aevo
Reya
Nado
gTrade (Gains Network)
Orderly
DeribitBackpack0.008395+6.617%
Variational Omni0.008396+6.626%SoDEX0.008398+6.655%Kraken Futures0.008401+6.695%BloFin0.008409+6.795%Aster0.008411+6.814%HTX0.008419+6.922%dYdX0.008425+6.995%KuCoin0.008425+6.998%Hyperliquid0.008430+7.061%Bybit0.008431+7.074%Lighter0.008432+7.087%MEXC0.008432+7.087%Binance0.008432+7.090%Pacifica0.008433+7.099%
Variational Omni
SoDEX
Kraken Futures
BloFin
Aster
HTX
dYdX
KuCoin
Hyperliquid
Bybit
Lighter
MEXC
Binance
PacificaGate0.008434+7.112%
BingX0.008435+7.125%Extended0.008437+7.156%OKX0.008439+7.176%Arcus0.008440+7.188%Bitget0.008445+7.252%Coinbase International0.008450+7.315%SunX0.008596+9.169%
BingX
Extended
OKX
Arcus
Bitget
Coinbase International
SunXPENGU on 32 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Injective PENGU/USDC PERP | −6.206% | +0.0033% | 1h | $3K | $116K | 5.5x | as long as short |
| ApeX Omni PENGUUSDT | −0.393% | +0.0100% | 1h | $72K | $251K | 50x | as long as short |
| GMX PENGU/USD [WBTC.b-USDC] | −0.083% | L +0.0383% / S −0.0362% | 1h | $82K | — | 100x | as long as short |
| Aevo PENGU-PERP | −0.083% | +0.0104% | 1h | $194K | $17K | 3x | as long as short |
| Reya PENGURUSDPERP | −0.074% | +0.0235% | 1h | $283 | — | 10x | as long as short |
| Nado PENGU-PERP | −0.071% | +0.0100% | 1h | $214K | $273K | 5x | as long as short |
| gTrade (Gains Network) PENGU/USD | −0.064% | L +0.0007% / S −0.0003% | 1h | $32K | — | 150x | as long as short |
| Orderly PERP_PENGU_USDC | −0.060% | +0.0096% | 4h | $16K | $174K | 20x | as long as short |
| Deribit PENGU_USDC-PERPETUAL | −0.060% | 0.0000% | 1h | $21K | $4K | 10x | as long as short |
| Backpack PENGU_USDC_PERPlong | 0.000% | +0.0100% | 1h | $289K | $256K | 10x |
Show all 32 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Variational Omni PENGU | +0.008% | +0.0100% | 4h | $676K | $287K | — | as long as short |
| SoDEX PENGU-USD | +0.036% | +0.0100% | 1h | $940 | $14K | 5x | as long as short |
| Kraken Futures PF_PENGUUSD | +0.073% | +0.0645% | 1h | $360K | $762K | 50x | as long as short |
| BloFin PENGU-USDT | +0.167% | +0.0340% | 4h | $1.5M | $831K | 75x | as long as short |
| Aster PENGUUSDT | +0.185% | +0.0100% | 4h | $167K | $314K | 20x | as long as short |
| HTX PENGU-USDT | +0.286% | +0.0100% | 4h | $94K | $180K | 25x | as long as short |
| dYdX PENGU-USD | +0.355% | +0.0577% | 1h | $10K | $998 | 5x | as long as short |
| KuCoin PENGUUSDTM | +0.357% | +0.0100% | 4h | $4.7M | $6.4M | 75x | as long as short |
| Hyperliquid PENGU | +0.417% | +0.0100% | 1h | $8.1M | $6.2M | 5x | as long as short |
| Bybit PENGUUSDT | +0.429% | +0.0100% | 4h | $20.8M | $20.0M | 75x | as long as short |
| Lighter PENGU | +0.441% | +0.0096% | 1h | $324K | $396K | 8x | as long as short |
| MEXC PENGU_USDT | +0.441% | +0.0100% | 4h | $11.7M | $8.8M | 125x | as long as short |
| Binance PENGUUSDT | +0.444% | +0.0100% | 4h | $35.9M | $97.1M | 75x | as long as short |
| Pacifica PENGU | +0.453% | +0.0100% | 1h | $197K | $122K | 5x | as long as short |
| Gate PENGU_USDTshort | +0.465% | +0.0100% | 4h | $3.6M | $7.8M | 75x | |
| BingX PENGU-USDT | +0.476% | +0.0100% | 4h | — | $3.6M | — | as long as short |
| Extended PENGU-USD | +0.506% | +0.0104% | 1h | $161K | $638K | 10x | as long as short |
| OKX PENGU-USDT-SWAP | +0.524% | +0.0100% | 4h | $7.1M | $31.2M | 50x | as long as short |
| Arcus PENGU-USD | +0.536% | +0.0100% | 1h | $4K | $8K | 5x | as long as short |
| Bitget PENGUUSDT | +0.596% | +0.0100% | 4h | $8.3M | $7.4M | 75x | as long as short |
| Coinbase International PENGU-PERP-INTX | +0.655% | +0.2088% | 1h | $82K | $185K | 50x | as long as short |
| SunX PENGU-USDT | +2.394% | +0.0100% | 4h | $3K | $1.6M | 10x | as long as short |