After costs, if the gap returns to its 7d average, $10k−$59
spread now−0.172%7d average+0.022%fees + slippage, in and out−$40spread needed0.400%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Backpack PENGU_USDC_PERP | 0.009014 | 0.0100 | pay 0.0013% / 1h | 59m 10s | $319K | $308K | 10x |
| Short | Nado PENGU-PERP | 0.008998 | 0.0100 | get 0.0012% / 1h | 59m 10s | $694K | $718K | 5x |
Backpack PENGU_USDC_PERP
Nado PENGU-PERPPrice 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
- −$17.2
- Funding while held
- $0
- Slippage, 4 orders
- −$22.98
- Fee Backpack: 5 bp × 2 orders
- −$10
- Fee Nado: 3.5 bp × 2 orders
- −$7
- Net
- −$57.17
- Spread needed to break even
- 0.400%
Slippage from Backpack: live order book, 36 min ago; Nado: live order book, 35 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, 36 min ago | 0.57 bp | 10.8 bp −$11 | doesn't fit | doesn't fit | doesn't fit |
| Sell Nado live order book, 35 min ago | 1.15 bp | 9.5 bp −$9 | 22.7 bp −$227 | doesn't fit | doesn't fit |
PENGU price on every exchange
against the cheapest. Click to use as the short leg.Injective0.008792cheapest01 Exchange0.008996+2.320%Bybit0.008998+2.343%
Injective
BybitNado0.008998+2.349%
Arcus0.009000+2.366%SoDEX0.009002+2.389%Binance0.009004+2.408%BloFin0.009009+2.468%Gate0.009010+2.480%Orderly0.009012+2.502%MEXC0.009013+2.514%BingX0.009013+2.514%Reya0.009013+2.518%
Arcus
SoDEX
Binance
BloFin
Gate
Orderly
MEXC
BingX
ReyaBackpack0.009014+2.525%
KuCoin0.009015+2.536%OKX0.009016+2.548%Extended0.009018+2.568%Pacifica0.009018+2.571%Aevo0.009019+2.582%Bitget0.009020+2.593%gTrade (Gains Network)0.009020+2.593%dYdX0.009021+2.600%Deribit0.009022+2.616%Aster0.009027+2.670%Hyperliquid0.009030+2.707%GMX0.009030+2.707%HTX0.009031+2.718%Lighter0.009032+2.730%Variational Omni0.009035+2.761%Kraken Futures0.009043+2.859%ApeX Omni0.009090+3.389%Coinbase International0.009132+3.867%SunX0.009221+4.879%
KuCoin
OKX
Extended
Pacifica
Aevo
Bitget
gTrade (Gains Network)
dYdX
Deribit
Aster
Hyperliquid
GMX
HTX
Lighter
Variational Omni
Kraken Futures
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 | |
|---|---|---|---|---|---|---|---|
| Injective PENGU/USDC PERP | −2.463% | +0.0033% | 1h | $3K | $24K | 5.5x | as long as short |
| 01 Exchange PENGUUSD | −0.200% | +0.0168% | 1h | $206 | $59 | 5x | as long as short |
| Bybit PENGUUSDT | −0.178% | +0.0100% | 4h | $24.2M | $30.7M | 75x | as long as short |
| Nado PENGU-PERPshort | −0.172% | +0.0100% | 1h | $694K | $718K | 5x | |
| Arcus PENGU-USD | −0.155% | +0.0100% | 1h | $20K | $24K | 5x | as long as short |
| SoDEX PENGU-USD | −0.133% | +0.0100% | 1h | $1K | $11K | 5x | as long as short |
| Binance PENGUUSDT | −0.114% | +0.0100% | 4h | $38.4M | $138.2M | 75x | as long as short |
| BloFin PENGU-USDT | −0.055% | −0.0125% | 4h | $1.6M | $2.1M | 75x | as long as short |
| Gate PENGU_USDT | −0.044% | −0.0054% | 4h | $3.7M | $13.8M | 75x | as long as short |
| Orderly PERP_PENGU_USDC | −0.022% | +0.0100% | 4h | $22K | $187K | 20x | as long as short |