Spread before costs (cost unknown: a leg has no order-book sample)−0.228%
7d average—if it closes, per $10,000$23funding while held, a day+$16.80
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Backpack PENGU_USDC_PERP | 0.008766 | 0.0100 | pay 0.0013% / 1h | 29m 25s | $307K | $306K | 10x |
| Short | GMX PENGU/USD [WBTC.b-USDC] | 0.008746 | L +0.0495% / S −0.0660% | get 0.0082% / 1h | 29m 25s | $110K | — | 100x |
Backpack PENGU_USDC_PERP
GMX PENGU/USD [WBTC.b-USDC]Price 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
- −$22.82
- Funding while held
- $16.8
- Slippage, 4 orders
- no order book: not counted
- Fee Backpack: 5 bp × 2 orders
- −$10
- Fee GMX: 6 bp × 2 orders
- −$12
- Net
- −$28.02
- Spread needed to break even
- 0.220%
Slippage unknown: Backpack: live order book, 15 min ago; GMX: no order-book sample. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- +0.0560%
- Per $10,000 a day
- +$16.80
- 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, 15 min ago | 0.56 bp | 7.4 bp −$7 | doesn't fit | doesn't fit | doesn't fit |
| Sell GMX no order-book sample | — | — | — | — | — |
GMX: 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.BingX0.008735cheapestGate0.008736+0.011%Arcus0.008740+0.057%Bybit0.008742+0.080%Orderly0.008744+0.103%Extended0.008745+0.110%Binance0.008745+0.110%OKX0.008745+0.114%Aevo0.008745+0.114%KuCoin0.008746+0.126%
BingX
Gate
Arcus
Bybit
Orderly
Extended
Binance
OKX
Aevo
KuCoinGMX0.008746+0.126%
gTrade (Gains Network)0.008746+0.128%Deribit0.008747+0.137%Reya0.008748+0.153%MEXC0.008749+0.160%dYdX0.008751+0.178%Pacifica0.008751+0.183%SoDEX0.008751+0.183%01 Exchange0.008752+0.195%Bitget0.008752+0.195%Aster0.008754+0.215%Lighter0.008754+0.218%Kraken Futures0.008759+0.269%Hyperliquid0.008759+0.275%Nado0.008766+0.352%
gTrade (Gains Network)
Deribit
Reya
MEXC
dYdX
Pacifica
SoDEX
Bitget
Aster
Lighter
Kraken Futures
Hyperliquid
NadoBackpack0.008766+0.355%
HTX0.008781+0.527%Variational Omni0.008791+0.641%Injective0.008792+0.653%BloFin0.008811+0.870%ApeX Omni0.008816+0.927%Coinbase International0.008950+2.461%SunX0.008954+2.507%
HTX
Variational Omni
Injective
BloFin
ApeX Omni
Coinbase International
SunXPENGU on 33 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| BingX PENGU-USDC | −0.354% | +0.0100% | 4h | — | $2.3M | — | as long as short |
| Gate PENGU_USDT | −0.342% | +0.0012% | 4h | $3.7M | $11.9M | 75x | as long as short |
| Arcus PENGU-USD | −0.297% | +0.0100% | 1h | $19K | $25K | 5x | as long as short |
| Bybit PENGUUSDT | −0.274% | +0.0100% | 4h | $23.1M | $25.6M | 75x | as long as short |
| Orderly PERP_PENGU_USDC | −0.251% | +0.0098% | 4h | $16K | $186K | 20x | as long as short |
| Extended PENGU-USD | −0.244% | +0.0104% | 1h | $182K | $678K | 10x | as long as short |
| Binance PENGUUSDT | −0.244% | +0.0100% | 4h | $37.6M | $124.5M | 75x | as long as short |
| OKX PENGU-USDT-SWAP | −0.240% | +0.0100% | 4h | $7.9M | $39.8M | 50x | as long as short |
| Aevo PENGU-PERP | −0.240% | +0.0104% | 1h | $202K | $17K | 3x | as long as short |
| KuCoin PENGUUSDTM | −0.228% | +0.0100% | 4h | $5.1M | $7.0M | 75x | as long as short |