Spread before costs (cost unknown: a leg has no order-book sample)+0.073%
7d average—if it closes, per $10,000$7funding while held, a day+$4.08
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Backpack PENGU_USDC_PERP | 0.008649 | 0.0100 | pay 0.0013% / 1h | 45m 18s | $305K | $305K | 10x |
| Short | Reya PENGURUSDPERP | 0.008655 | 0.0236 | get 0.0029% / 1h | 45m 18s | $292 | — | 10x |
Backpack PENGU_USDC_PERP
Reya PENGURUSDPERPPrice 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
- $7.31
- Funding while held
- $4.08
- Slippage, 4 orders
- no order book: not counted
- Fee Backpack: 5 bp × 2 orders
- −$10
- Fee Reya: 3 bp × 2 orders
- −$6
- Net
- −$4.61
- Spread needed to break even
- 0.160%
Slippage unknown: Backpack: live order book, 55 min ago; Reya: no order-book sample. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- +0.0136%
- Per $10,000 a day
- +$4.08
- 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, 55 min ago | 0.58 bp | 9.4 bp −$9 | doesn't fit | doesn't fit | doesn't fit |
| Sell Reya no order-book sample | — | — | — | — | — |
Reya: 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.ApeX Omni0.008628cheapestBingX0.008640+0.139%Variational Omni0.008642+0.159%Bybit0.008646+0.209%Gate0.008647+0.220%OKX0.008649+0.243%
ApeX Omni
BingX
Variational Omni
Bybit
Gate
OKXBackpack0.008649+0.243%
BloFin0.008649+0.243%Extended0.008649+0.247%Aevo0.008650+0.255%SoDEX0.008650+0.255%Binance0.008650+0.259%Deribit0.008652+0.278%Orderly0.008653+0.290%gTrade (Gains Network)0.008655+0.307%Lighter0.008655+0.313%GMX0.008655+0.313%
BloFin
Extended
Aevo
SoDEX
Binance
Deribit
Orderly
gTrade (Gains Network)
Lighter
GMXReya0.008655+0.317%
MEXC0.008656+0.325%dYdX0.008656+0.326%Nado0.008656+0.330%Bitget0.008657+0.336%Aster0.008657+0.338%KuCoin0.008658+0.348%Kraken Futures0.008659+0.359%Arcus0.008660+0.371%Pacifica0.008662+0.394%01 Exchange0.008663+0.406%Hyperliquid0.008664+0.417%HTX0.008672+0.510%Coinbase International0.008761+1.541%Injective0.008792+1.901%SunX0.008864+2.735%
MEXC
dYdX
Nado
Bitget
Aster
KuCoin
Kraken Futures
Arcus
Pacifica
Hyperliquid
HTX
Coinbase International
Injective
SunXPENGU on 33 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| ApeX Omni PENGUUSDT | −0.243% | +0.0100% | 1h | $79K | $252K | 50x | as long as short |
| BingX PENGU-USDC | −0.104% | +0.0100% | 4h | — | $2.3M | — | as long as short |
| Variational Omni PENGU | −0.084% | +0.0100% | 4h | $769K | $525K | — | as long as short |
| Bybit PENGUUSDT | −0.035% | +0.0100% | 4h | $22.0M | $27.5M | 75x | as long as short |
| Gate PENGU_USDT | −0.023% | −0.0096% | 4h | $3.5M | $12.9M | 75x | as long as short |
| OKX PENGU-USDT-SWAP | 0.000% | +0.0100% | 4h | $8.0M | $40.5M | 50x | as long as short |
| Backpack PENGU_USDC_PERPlong | 0.000% | +0.0100% | 1h | $305K | $305K | 10x | |
| BloFin PENGU-USDT | 0.000% | +0.0340% | 4h | $1.5M | $1.6M | 75x | as long as short |
| Extended PENGU-USD | +0.003% | +0.0104% | 1h | $178K | $678K | 10x | as long as short |
| Aevo PENGU-PERP | +0.012% | +0.0104% | 1h | $200K | $17K | 3x | as long as short |