data as of
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Price arb /

PENGU

all PENGU markets
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Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

After costs, if the gap returns to its 7d average, $10k−$45
spread now+0.173%7d average+0.059%fees + slippage, in and out−$56spread needed0.563%
Long on BackpackShort on Lighter
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBackpack PENGU_USDC_PERP0.008659−0.0135get 0.0017% / 1h16m 06s$303K$282K10x
ShortLighter PENGU0.0086740.0096get 0.0012% / 1h16m 06s$300K$449K8x

Price spread history

latest
Range statsloading…

How often the spread is this wide

share of time at each level, last 7D

Backtest

opened in the past, held until now, after costs
Backtest 7 daysBacktest 30 daysBacktest 90 daysopens the backtester with this pair and $10,000 a leg

Profit calculator

Spread captured
$17.32
Funding while held
$6.94
Slippage, 4 orders
−$46.29
Fee Backpack: 5 bp × 2 orders
−$10
Fee Lighter: 0 bp × 2 orders
$0
Net
−$32.03
Spread needed to break even
0.563%
Slippage from Backpack: live order book, 34 min ago; Lighter: live order book, 25 min ago.

Cost of waiting

funding view
Funding /8h
+0.0231%
Per $10,000 a day
+$6.94
Average in range /8h
—

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Backpack live order book, 34 min ago0.57 bp7.5 bp −$8doesn't fitdoesn't fitdoesn't fit
Sell Lighter live order book, 25 min ago4.67 bp11.9 bp −$1270.4 bp −$704doesn't fitdoesn't fit

PENGU price on every exchange

against the cheapest. Click to use as the short leg.
Variational Omni0.008555cheapestApeX Omni0.008654+1.160%Bybit0.008659+1.218%
Backpack0.008659+1.218%
BingX0.008661+1.242%OKX0.008663+1.265%Gate0.008663+1.265%Bitget0.008664+1.277%MEXC0.008665+1.288%Hyperliquid0.008668+1.324%Extended0.008671+1.359%SoDEX0.008672+1.370%KuCoin0.008673+1.382%GMX0.008673+1.382%Orderly0.008673+1.382%gTrade (Gains Network)0.008674+1.390%dYdX0.008674+1.392%Binance0.008674+1.393%
Lighter0.008674+1.394%
Pacifica0.008677+1.429%Kraken Futures0.008679+1.452%Nado0.008679+1.452%Deribit0.008679+1.452%Aevo0.008680+1.464%01 Exchange0.008682+1.487%Reya0.008687+1.546%Aster0.008688+1.558%Arcus0.008690+1.581%BloFin0.008692+1.604%HTX0.008698+1.674%Coinbase International0.008774+2.563%SunX0.008886+3.872%
Injective0.009138+6.818%

PENGU on 33 venues

cheapest first. Swap a leg.
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Variational Omni PENGU−1.204%+0.0100%4h$670K$335K—as long as short
ApeX Omni PENGUUSDT−0.058%+0.0100%1h$75K$250K50xas long as short
Bybit PENGUUSDT0.000%+0.0100%4h$21.8M$22.5M75xas long as short
Backpack PENGU_USDC_PERPlong0.000%−0.0135%1h$303K$282K10x
BingX PENGU-USDT+0.023%+0.0100%4h—$3.8M—as long as short
OKX PENGU-USDT-SWAP+0.046%+0.0100%4h$7.6M$36.1M50xas long as short
Gate PENGU_USDT+0.046%+0.0100%4h$3.8M$9.9M75xas long as short
Bitget PENGUUSDT+0.058%+0.0100%4h$8.6M$8.2M75xas long as short
MEXC PENGU_USDT+0.069%+0.0100%4h$13.8M$10.0M125xas long as short
Hyperliquid PENGU+0.104%+0.0100%1h$8.3M$6.7M5xas long as short
Show all 33 venues
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Extended PENGU-USD+0.139%+0.0104%1h$192K$665K10xas long as short
SoDEX PENGU-USD+0.150%+0.0100%1h$989$14K5xas long as short
KuCoin PENGUUSDTM+0.162%+0.0100%4h$5.0M$6.7M75xas long as short
GMX PENGU/USD [WBTC.b-USDC]+0.162%L +0.0479% / S −0.0525%1h$110K—100xas long as short
Orderly PERP_PENGU_USDC+0.162%+0.0098%4h$21K$179K20xas long as short
gTrade (Gains Network) PENGU/USD+0.169%L +0.0007% / S −0.0003%1h$33K—150xas long as short
dYdX PENGU-USD+0.171%0.0000%1h$10K$1K5xas long as short
Binance PENGUUSDT+0.172%+0.0100%4h$37.1M$111.0M75xas long as short
Lighter PENGUshort+0.173%+0.0096%1h$300K$449K8x
Pacifica PENGU+0.208%+0.0100%1h$203K$125K5xas long as short
Kraken Futures PF_PENGUUSD+0.231%+0.0524%1h$364K$813K50xas long as short
Nado PENGU-PERP+0.231%+0.0100%1h$223K$311K5xas long as short
Deribit PENGU_USDC-PERPETUAL+0.231%0.0000%1h$22K$4K10xas long as short
Aevo PENGU-PERP+0.243%+0.0104%1h$201K$17K3xas long as short
01 Exchange PENGUUSD+0.266%−0.0080%1h$167$285xas long as short
Reya PENGURUSDPERP+0.324%+0.0235%1h$293—10xas long as short
Aster PENGUUSDT+0.336%+0.0100%4h$175K$326K20xas long as short
Arcus PENGU-USD+0.358%+0.0100%1h$4K$9K5xas long as short
BloFin PENGU-USDT+0.381%+0.0340%4h$1.5M$928K75xas long as short
HTX PENGU-USDT+0.450%+0.0100%4h$96K$182K25xas long as short
Coinbase International PENGU-PERP-INTX+1.328%+0.2520%1h$93K$135K50xas long as short
SunX PENGU-USDT+2.622%+0.0100%4h$3K$1.9M10xas long as short
Injective PENGU/USDC PERP+5.532%+0.0033%1h$3K$116K5.5xas long as short