After costs, if the gap returns to its 7d average, $10k−$69
spread now+0.065%7d average+0.102%fees + slippage, in and out−$65spread needed0.652%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Backpack PENGU_USDC_PERP | 0.008991 | 0.0053 | pay 0.0007% / 1h | 55m 33s | $318K | $308K | 10x |
| Short | Kraken Futures PF_PENGUUSD | 0.008997 | 0.0039 | get 0.0005% / 1h | 55m 33s | $581K | $1.7M | 50x |
Backpack PENGU_USDC_PERP
Kraken Futures PF_PENGUUSDPrice 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
- $6.45
- Funding while held
- −$0.43
- Slippage, 4 orders
- −$45.24
- Fee Backpack: 5 bp × 2 orders
- −$10
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- −$59.21
- Spread needed to break even
- 0.652%
Slippage from Backpack: live order book, 39 min ago; Kraken Futures: live order book, 4 min ago.
Cost of waiting
funding view- Funding /8h
- −0.0014%
- Per $10,000 a day
- −$0.43
- 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, 39 min ago | 0.57 bp | 10.8 bp −$11 | doesn't fit | doesn't fit | doesn't fit |
| Sell Kraken Futures live order book, 4 min ago | 13.84 bp | 20.0 bp −$20 | 46.6 bp −$466 | doesn't fit | doesn't fit |
PENGU price on every exchange
against the cheapest. Click to use as the short leg.Injective0.008792cheapestReya0.008965+1.972%Nado0.008970+2.030%gTrade (Gains Network)0.008972+2.047%GMX0.008973+2.059%Variational Omni0.008978+2.111%Aster0.008979+2.124%KuCoin0.008981+2.150%Bybit0.008985+2.195%Aevo0.008985+2.195%SoDEX0.008988+2.229%Deribit0.008988+2.229%Hyperliquid0.008990+2.252%dYdX0.008990+2.253%
Injective
Reya
Nado
gTrade (Gains Network)
GMX
Variational Omni
Aster
KuCoin
Bybit
Aevo
SoDEX
Deribit
Hyperliquid
dYdXBackpack0.008991+2.263%
BloFin0.008991+2.263%Orderly0.008992+2.275%Pacifica0.008995+2.309%HTX0.008996+2.320%
BloFin
Orderly
Pacifica
HTXKraken Futures0.008997+2.329%
BingX0.008998+2.343%Gate0.009002+2.389%Binance0.009003+2.400%Lighter0.009005+2.423%OKX0.009005+2.423%Arcus0.009010+2.480%MEXC0.009012+2.502%ApeX Omni0.009014+2.525%Extended0.009015+2.533%01 Exchange0.009020+2.593%Bitget0.009020+2.593%Coinbase International0.009092+3.412%SunX0.009203+4.675%
BingX
Gate
Binance
Lighter
OKX
Arcus
MEXC
ApeX Omni
Extended
Bitget
Coinbase International
SunXPENGU on 33 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Injective PENGU/USDC PERP | −2.213% | +0.0033% | 1h | $3K | $24K | 5.5x | as long as short |
| Reya PENGURUSDPERP | −0.285% | +0.0236% | 1h | $303 | — | 10x | as long as short |
| Nado PENGU-PERP | −0.228% | +0.0100% | 1h | $692K | $718K | 5x | as long as short |
| gTrade (Gains Network) PENGU/USD | −0.211% | L +0.0007% / S −0.0003% | 1h | $34K | — | 150x | as long as short |
| GMX PENGU/USD [WBTC.b-USDC] | −0.200% | L +0.0513% / S −0.0698% | 1h | $115K | — | 100x | as long as short |
| Variational Omni PENGU | −0.149% | +0.0100% | 4h | $796K | $543K | — | as long as short |
| Aster PENGUUSDT | −0.136% | +0.0100% | 4h | $180K | $391K | 20x | as long as short |
| KuCoin PENGUUSDTM | −0.111% | +0.0100% | 4h | $5.0M | $7.7M | 75x | as long as short |
| Bybit PENGUUSDT | −0.067% | +0.0100% | 4h | $24.2M | $30.8M | 75x | as long as short |
| Aevo PENGU-PERP | −0.067% | +0.0104% | 1h | $208K | $17K | 3x | as long as short |
Show all 33 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| SoDEX PENGU-USD | −0.033% | +0.0100% | 1h | $1K | $11K | 5x | as long as short |
| Deribit PENGU_USDC-PERPETUAL | −0.033% | 0.0000% | 1h | $20K | $7K | 10x | as long as short |
| Hyperliquid PENGU | −0.011% | +0.0299% | 1h | $10.8M | $13.0M | 5x | as long as short |
| dYdX PENGU-USD | −0.011% | 0.0000% | 1h | $12K | $5K | 5x | as long as short |
| Backpack PENGU_USDC_PERPlong | 0.000% | +0.0053% | 1h | $318K | $308K | 10x | |
| BloFin PENGU-USDT | 0.000% | −0.0119% | 4h | $1.6M | $2.3M | 75x | as long as short |
| Orderly PERP_PENGU_USDC | +0.011% | +0.0100% | 4h | $22K | $187K | 20x | as long as short |
| Pacifica PENGU | +0.044% | +0.0100% | 1h | $197K | $161K | 5x | as long as short |
| HTX PENGU-USDT | +0.056% | +0.0100% | 4h | $99K | $244K | 25x | as long as short |
| Kraken Futures PF_PENGUUSDshort | +0.065% | +0.0039% | 1h | $581K | $1.7M | 50x | |
| BingX PENGU-USDC | +0.078% | +0.0100% | 4h | — | $2.3M | — | as long as short |
| Gate PENGU_USDT | +0.122% | −0.0058% | 4h | $3.7M | $13.9M | 75x | as long as short |
| Binance PENGUUSDT | +0.133% | +0.0100% | 4h | $38.4M | $138.8M | 75x | as long as short |
| Lighter PENGU | +0.156% | +0.0096% | 1h | $346K | $547K | 8x | as long as short |
| OKX PENGU-USDT-SWAP | +0.156% | +0.0100% | 4h | $8.2M | $45.2M | 50x | as long as short |
| Arcus PENGU-USD | +0.211% | +0.0100% | 1h | $20K | $24K | 5x | as long as short |
| MEXC PENGU_USDT | +0.234% | +0.0100% | 4h | $12.7M | $11.4M | 125x | as long as short |
| ApeX Omni PENGUUSDT | +0.256% | +0.0100% | 1h | $85K | $253K | 50x | as long as short |
| Extended PENGU-USD | +0.263% | +0.0104% | 1h | $185K | $679K | 10x | as long as short |
| 01 Exchange PENGUUSD | +0.323% | +0.0144% | 1h | $206 | $59 | 5x | as long as short |
| Bitget PENGUUSDT | +0.323% | +0.0100% | 4h | $8.8M | $10.8M | 75x | as long as short |
| Coinbase International PENGU-PERP-INTX | +1.123% | +0.2976% | 1h | $96K | $132K | 50x | as long as short |
| SunX PENGU-USDT | +2.358% | +0.0100% | 4h | $3K | $2.0M | 10x | as long as short |