After costs, if the gap returns to its 7d average, $10k−$70
spread now−0.058%7d average+0.038%fees + slippage, in and out−$61spread needed0.607%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Backpack PENGU_USDC_PERP | 0.008603 | 0.0100 | pay 0.0013% / 1h | 21m 00s | $308K | $307K | 10x |
| Short | KuCoin PENGUUSDTM | 0.008598 | 0.0100 | get 0.0050% / 4h | 3h 21m | $5.1M | $7.0M | 75x |
Backpack PENGU_USDC_PERP
KuCoin PENGUUSDTMPrice 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
- −$5.81
- Funding while held
- $0
- Slippage, 4 orders
- −$38.7
- Fee Backpack: 5 bp × 2 orders
- −$10
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$66.51
- Spread needed to break even
- 0.607%
Slippage from Backpack: live order book, 24 min ago; KuCoin: live order book, 3 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, 24 min ago | 0.56 bp | 7.4 bp −$7 | doesn't fit | doesn't fit | doesn't fit |
| Sell KuCoin live order book, 3 min ago | 4.03 bp | 18.3 bp −$18 | 45.8 bp −$458 | doesn't fit | doesn't fit |
PENGU price on every exchange
against the cheapest. Click to use as the short leg.Gate0.008585cheapestBingX0.008585cheapestBybit0.008588+0.035%Binance0.008592+0.082%OKX0.008593+0.093%Extended0.008593+0.095%MEXC0.008594+0.105%
Gate
BingX
Bybit
Binance
OKX
Extended
MEXCKuCoin0.008598+0.151%
Bitget0.008598+0.151%
BitgetBackpack0.008603+0.210%
SoDEX0.008607+0.256%Aevo0.008608+0.268%Deribit0.008608+0.268%Aster0.008610+0.289%Arcus0.008610+0.291%Orderly0.008612+0.315%Reya0.008614+0.334%Lighter0.008614+0.338%GMX0.008614+0.338%BloFin0.008614+0.338%Nado0.008614+0.344%gTrade (Gains Network)0.008616+0.360%Hyperliquid0.008616+0.361%Pacifica0.008616+0.361%01 Exchange0.008618+0.384%dYdX0.008620+0.403%Kraken Futures0.008620+0.407%HTX0.008637+0.606%ApeX Omni0.008702+1.363%Variational Omni0.008708+1.428%Injective0.008792+2.411%SunX0.008819+2.726%Coinbase International0.008950+4.252%
SoDEX
Aevo
Deribit
Aster
Arcus
Orderly
Reya
Lighter
GMX
BloFin
Nado
gTrade (Gains Network)
Hyperliquid
Pacifica
dYdX
Kraken Futures
HTX
ApeX Omni
Variational Omni
Injective
SunX
Coinbase InternationalPENGU on 33 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Gate PENGU_USDT | −0.209% | −0.0120% | 4h | $3.6M | $12.3M | 75x | as long as short |
| BingX PENGU-USDC | −0.209% | +0.0100% | 4h | — | $2.3M | — | as long as short |
| Bybit PENGUUSDT | −0.174% | +0.0100% | 4h | $21.9M | $26.5M | 75x | as long as short |
| Binance PENGUUSDT | −0.128% | +0.0100% | 4h | $36.6M | $125.3M | 75x | as long as short |
| OKX PENGU-USDT-SWAP | −0.116% | +0.0100% | 4h | $7.6M | $39.5M | 50x | as long as short |
| Extended PENGU-USD | −0.114% | +0.0104% | 1h | $177K | $679K | 10x | as long as short |
| MEXC PENGU_USDT | −0.105% | +0.0100% | 4h | $11.2M | $10.9M | 125x | as long as short |
| KuCoin PENGUUSDTMshort | −0.058% | +0.0100% | 4h | $5.1M | $7.0M | 75x | |
| Bitget PENGUUSDT | −0.058% | +0.0100% | 4h | $8.4M | $9.3M | 75x | as long as short |
| Backpack PENGU_USDC_PERPlong | 0.000% | +0.0100% | 1h | $308K | $307K | 10x |