After costs, if the gap returns to its 7d average, $10k−$50
spread now−0.083%7d average−0.025%fees + slippage, in and out−$44spread needed0.443%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bitget PENGUUSDT | 0.008412 | 0.0100 | pay 0.0050% / 4h | 1h 10m | $8.3M | $7.4M | 75x |
| Short | Hyperliquid PENGU | 0.008405 | 0.0100 | get 0.0013% / 1h | 10m 03s | $8.1M | $6.2M | 5x |
Bitget PENGUUSDT
Hyperliquid 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
- −$8.32
- Funding while held
- $0
- Slippage, 4 orders
- −$23.26
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- −$52.58
- Spread needed to break even
- 0.443%
Slippage from Bitget: live order book, 5 min ago; Hyperliquid: live order book, 4 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 Bitget live order book, 5 min ago | 1.20 bp | 13.9 bp −$14 | 26.5 bp −$265 | 96.1 bp −$9,606 | doesn't fit |
| Sell Hyperliquid live order book, 4 min ago | 0.60 bp | 10.8 bp −$11 | doesn't fit | doesn't fit | doesn't fit |
PENGU price on every exchange
against the cheapest. Click to use as the short leg.Injective0.007874cheapest
ApeX Omni0.008362+6.198%GMX0.008388+6.528%Aevo0.008388+6.528%Reya0.008389+6.538%Nado0.008389+6.541%gTrade (Gains Network)0.008390+6.549%Arcus0.008390+6.553%Orderly0.008390+6.553%Deribit0.008390+6.553%BingX0.008391+6.566%Pacifica0.008393+6.591%KuCoin0.008393+6.591%Backpack0.008395+6.617%Variational Omni0.008396+6.626%Aster0.008396+6.631%Lighter0.008397+6.642%MEXC0.008397+6.642%SoDEX0.008398+6.655%dYdX0.008399+6.663%Gate0.008399+6.668%Bybit0.008401+6.693%Kraken Futures0.008401+6.695%Extended0.008403+6.719%Binance0.008404+6.734%
Injective
ApeX Omni
GMX
Aevo
Reya
Nado
gTrade (Gains Network)
Arcus
Orderly
Deribit
BingX
Pacifica
KuCoin
Backpack
Variational Omni
Aster
Lighter
MEXC
SoDEX
dYdX
Gate
Bybit
Kraken Futures
Extended
BinanceHyperliquid0.008405+6.744%
OKX0.008407+6.769%BloFin0.008409+6.795%
OKX
BloFinBitget0.008412+6.833%
HTX0.008419+6.922%Coinbase International0.008450+7.315%SunX0.008596+9.169%
HTX
Coinbase International
SunXPENGU on 32 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Injective PENGU/USDC PERP | −6.396% | +0.0033% | 1h | $3K | $116K | 5.5x | as long as short |
| ApeX Omni PENGUUSDT | −0.594% | +0.0100% | 1h | $72K | $251K | 50x | as long as short |
| GMX PENGU/USD [WBTC.b-USDC] | −0.285% | L +0.0383% / S −0.0362% | 1h | $82K | — | 100x | as long as short |
| Aevo PENGU-PERP | −0.285% | +0.0104% | 1h | $194K | $17K | 3x | as long as short |
| Reya PENGURUSDPERP | −0.276% | +0.0235% | 1h | $283 | — | 10x | as long as short |
| Nado PENGU-PERP | −0.273% | +0.0100% | 1h | $214K | $273K | 5x | as long as short |
| gTrade (Gains Network) PENGU/USD | −0.266% | L +0.0007% / S −0.0003% | 1h | $32K | — | 150x | as long as short |
| Arcus PENGU-USD | −0.262% | +0.0100% | 1h | $4K | $8K | 5x | as long as short |
| Orderly PERP_PENGU_USDC | −0.262% | +0.0096% | 4h | $16K | $174K | 20x | as long as short |
| Deribit PENGU_USDC-PERPETUAL | −0.262% | 0.0000% | 1h | $21K | $4K | 10x | as long as short |
Show all 32 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| BingX PENGU-USDC | −0.250% | +0.0100% | 4h | — | $2.3M | — | as long as short |
| Pacifica PENGU | −0.226% | +0.0100% | 1h | $196K | $121K | 5x | as long as short |
| KuCoin PENGUUSDTM | −0.226% | +0.0100% | 4h | $4.7M | $6.4M | 75x | as long as short |
| Backpack PENGU_USDC_PERP | −0.202% | +0.0100% | 1h | $289K | $256K | 10x | as long as short |
| Variational Omni PENGU | −0.194% | +0.0100% | 4h | $676K | $287K | — | as long as short |
| Aster PENGUUSDT | −0.189% | +0.0100% | 4h | $167K | $314K | 20x | as long as short |
| Lighter PENGU | −0.178% | +0.0096% | 1h | $323K | $396K | 8x | as long as short |
| MEXC PENGU_USDT | −0.178% | +0.0100% | 4h | $11.7M | $8.8M | 125x | as long as short |
| SoDEX PENGU-USD | −0.166% | +0.0100% | 1h | $940 | $14K | 5x | as long as short |
| dYdX PENGU-USD | −0.159% | +0.0589% | 1h | $10K | $998 | 5x | as long as short |
| Gate PENGU_USDT | −0.155% | +0.0100% | 4h | $3.6M | $7.8M | 75x | as long as short |
| Bybit PENGUUSDT | −0.131% | +0.0100% | 4h | $20.8M | $20.0M | 75x | as long as short |
| Kraken Futures PF_PENGUUSD | −0.129% | +0.0645% | 1h | $360K | $762K | 50x | as long as short |
| Extended PENGU-USD | −0.106% | +0.0104% | 1h | $161K | $638K | 10x | as long as short |
| Binance PENGUUSDT | −0.092% | +0.0100% | 4h | $35.8M | $97.0M | 75x | as long as short |
| Hyperliquid PENGUshort | −0.083% | +0.0100% | 1h | $8.1M | $6.2M | 5x | |
| OKX PENGU-USDT-SWAP | −0.059% | +0.0100% | 4h | $7.1M | $31.1M | 50x | as long as short |
| BloFin PENGU-USDT | −0.036% | +0.0340% | 4h | $1.5M | $831K | 75x | as long as short |
| Bitget PENGUUSDTlong | 0.000% | +0.0100% | 4h | $8.3M | $7.4M | 75x | |
| HTX PENGU-USDT | +0.083% | +0.0100% | 4h | $94K | $180K | 25x | as long as short |
| Coinbase International PENGU-PERP-INTX | +0.452% | +0.2088% | 1h | $82K | $185K | 50x | as long as short |
| SunX PENGU-USDT | +2.187% | +0.0100% | 4h | $3K | $1.6M | 10x | as long as short |