Spread before costs (cost unknown: a leg has no order-book sample)+0.015%
7d average−0.003%if it closes, per $10,000$2funding while held, a day−$0.07
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance PENGUUSDT | 0.008678 | 0.0100 | pay 0.0050% / 4h | 3h 24m | $37.2M | $125.1M | 75x |
| Short | Orderly PERP_PENGU_USDC | 0.008679 | 0.0098 | get 0.0049% / 4h | 3h 24m | $16K | $186K | 20x |
Binance PENGUUSDT
Orderly PERP_PENGU_USDCPrice 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
- $1.53
- Funding while held
- −$0.07
- Slippage, 4 orders
- no order book: not counted
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Orderly: 3 bp × 2 orders
- −$6
- Net
- −$14.54
- Spread needed to break even
- 0.160%
Slippage unknown: Binance: live order book, 5 min ago; Orderly: no order-book sample. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- −0.0002%
- Per $10,000 a day
- −$0.07
- 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 Binance live order book, 5 min ago | 0.57 bp | 7.8 bp −$8 | 17.1 bp −$171 | 70.3 bp −$7,031 | doesn't fit |
| Sell Orderly no order-book sample | — | — | — | — | — |
Orderly: 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.Reya0.008660cheapestNado0.008661+0.012%BingX0.008665+0.052%Gate0.008666+0.064%MEXC0.008669+0.098%Arcus0.008670+0.110%gTrade (Gains Network)0.008671+0.120%GMX0.008671+0.122%OKX0.008672+0.133%KuCoin0.008672+0.133%Bybit0.008673+0.145%01 Exchange0.008673+0.145%Backpack0.008673+0.145%Aster0.008676+0.178%Pacifica0.008676+0.179%dYdX0.008676+0.182%
Reya
Nado
BingX
Gate
MEXC
Arcus
gTrade (Gains Network)
GMX
OKX
KuCoin
Bybit
Backpack
Aster
Pacifica
dYdXBinance0.008678+0.199%
Orderly0.008679+0.214%
Deribit0.008679+0.214%Lighter0.008680+0.225%Aevo0.008680+0.225%Bitget0.008681+0.237%SoDEX0.008681+0.237%Extended0.008683+0.260%Hyperliquid0.008683+0.260%HTX0.008693+0.376%Kraken Futures0.008695+0.394%BloFin0.008696+0.410%Variational Omni0.008708+0.544%ApeX Omni0.008750+1.034%Injective0.008792+1.519%SunX0.008890+2.650%Coinbase International0.008950+3.343%
Deribit
Lighter
Aevo
Bitget
SoDEX
Extended
Hyperliquid
HTX
Kraken Futures
BloFin
Variational Omni
ApeX 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 | |
|---|---|---|---|---|---|---|---|
| Reya PENGURUSDPERP | −0.198% | +0.0235% | 1h | $292 | — | 10x | as long as short |
| Nado PENGU-PERP | −0.186% | +0.0100% | 1h | $626K | $631K | 5x | as long as short |
| BingX PENGU-USDC | −0.146% | +0.0100% | 4h | — | $2.3M | — | as long as short |
| Gate PENGU_USDT | −0.134% | −0.0038% | 4h | $3.7M | $12.1M | 75x | as long as short |
| MEXC PENGU_USDT | −0.100% | +0.0100% | 4h | $11.4M | $10.8M | 125x | as long as short |
| Arcus PENGU-USD | −0.088% | +0.0100% | 1h | $19K | $24K | 5x | as long as short |
| gTrade (Gains Network) PENGU/USD | −0.079% | L +0.0007% / S −0.0003% | 1h | $34K | — | 150x | as long as short |
| GMX PENGU/USD [WBTC.b-USDC] | −0.077% | L +0.0493% / S −0.0660% | 1h | $109K | — | 100x | as long as short |
| OKX PENGU-USDT-SWAP | −0.065% | +0.0100% | 4h | $7.7M | $39.7M | 50x | as long as short |
| KuCoin PENGUUSDTM | −0.065% | +0.0100% | 4h | $5.1M | $7.0M | 75x | as long as short |