Spread before costs (cost unknown: a leg has no order-book sample)−0.370%
7d average−0.013%if it closes, per $10,000$37funding while held, a day+$1.49
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Backpack PENGU_USDC_PERP | 0.008589 | 0.0050 | pay 0.0006% / 1h | 1m 00s | $303K | $305K | 10x |
| Short | Variational Omni PENGU | 0.008557 | 0.0100 | get 0.0050% / 4h | 2h 01m | $763K | $530K | — |
Backpack PENGU_USDC_PERP
Variational Omni PENGUPrice 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
- −$36.99
- Funding while held
- $1.49
- Slippage, 4 orders
- no order book: not counted
- Fee Backpack: 5 bp × 2 orders
- −$10
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Net
- −$45.5
- Spread needed to break even
- 0.100%
Slippage unknown: Backpack: live order book, 39 min ago; Variational Omni: RFQ quote, 39 min ago. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- +0.0050%
- Per $10,000 a day
- +$1.49
- 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 | 0.58 bp | 9.4 bp −$9 | doesn't fit | doesn't fit | doesn't fit |
| Sell Variational Omni RFQ quote, 39 min ago | 3.49 bp | doesn't fit | 26.8 bp −$268 | doesn't fit | doesn't fit |
PENGU price on every exchange
against the cheapest. Click to use as the short leg.ApeX Omni0.008541cheapest
ApeX OmniVariational Omni0.008557+0.190%
Arcus0.008570+0.340%BingX0.008580+0.457%Pacifica0.008581+0.468%Bybit0.008582+0.480%BloFin0.008583+0.492%Gate0.008584+0.503%MEXC0.008584+0.503%Nado0.008585+0.509%01 Exchange0.008585+0.515%Reya0.008585+0.520%dYdX0.008587+0.536%OKX0.008588+0.550%KuCoin0.008589+0.562%
Arcus
BingX
Pacifica
Bybit
BloFin
Gate
MEXC
Nado
Reya
dYdX
OKX
KuCoinBackpack0.008589+0.562%
Extended0.008589+0.563%Binance0.008590+0.570%Aevo0.008591+0.585%Bitget0.008592+0.597%SoDEX0.008593+0.609%gTrade (Gains Network)0.008593+0.611%GMX0.008594+0.621%Hyperliquid0.008595+0.632%Deribit0.008595+0.632%Kraken Futures0.008596+0.640%Lighter0.008596+0.644%Orderly0.008596+0.644%HTX0.008599+0.679%Aster0.008601+0.702%Coinbase International0.008662+1.417%SunX0.008787+2.880%Injective0.008792+2.939%
Extended
Binance
Aevo
Bitget
SoDEX
gTrade (Gains Network)
GMX
Hyperliquid
Deribit
Kraken Futures
Lighter
Orderly
HTX
Aster
Coinbase International
SunX
InjectivePENGU on 33 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| ApeX Omni PENGUUSDT | −0.559% | +0.0100% | 1h | $78K | $253K | 50x | as long as short |
| Variational Omni PENGUshort | −0.370% | +0.0100% | 4h | $763K | $530K | — | |
| Arcus PENGU-USD | −0.221% | +0.0100% | 1h | $18K | $23K | 5x | as long as short |
| BingX PENGU-USDC | −0.105% | +0.0100% | 4h | — | $2.3M | — | as long as short |
| Pacifica PENGU | −0.093% | +0.0100% | 1h | $203K | $133K | 5x | as long as short |
| Bybit PENGUUSDT | −0.081% | +0.0100% | 4h | $21.9M | $27.4M | 75x | as long as short |
| BloFin PENGU-USDT | −0.070% | +0.0340% | 4h | $1.5M | $1.5M | 75x | as long as short |
| Gate PENGU_USDT | −0.058% | −0.0132% | 4h | $3.5M | $13.0M | 75x | as long as short |
| MEXC PENGU_USDT | −0.058% | +0.0100% | 4h | $11.2M | $11.1M | 125x | as long as short |
| Nado PENGU-PERP | −0.052% | +0.0100% | 1h | $626K | $681K | 5x | as long as short |