After costs, if the gap returns to its 7d average, $10k−$137
spread now−0.241%7d average+0.016%fees + slippage, in and out−$111spread needed1.112%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit PENGUUSDT | 0.008728 | 0.0100 | pay 0.0050% / 4h | 8m 58s | $22.0M | $22.7M | 75x |
| Short | Aevo PENGU-PERP | 0.008707 | 0.0104 | get 0.0013% / 1h | 8m 58s | $201K | $17K | 3x |
Bybit PENGUUSDT
Aevo 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
- −$24.06
- Funding while held
- $0.12
- Slippage, 4 orders
- −$84.23
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Aevo: 8 bp × 2 orders
- −$16
- Net
- −$135.17
- Spread needed to break even
- 1.112%
Slippage from Bybit: live order book, 1 min ago; Aevo: live order book, 37 min ago.
Cost of waiting
funding view- Funding /8h
- +0.0004%
- Per $10,000 a day
- +$0.12
- 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 Bybit live order book, 1 min ago | 0.57 bp | 12.5 bp −$13 | 33.9 bp −$339 | 201.8 bp −$20.2K | doesn't fit |
| Sell Aevo live order book, 37 min ago | 17.31 bp | 41.7 bp −$42 | 252.8 bp −$2,528 | doesn't fit | doesn't fit |
PENGU price on every exchange
against the cheapest. Click to use as the short leg.Backpack0.008706cheapestOrderly0.008706cheapest
Backpack
OrderlyAevo0.008707+0.011%
Deribit0.008707+0.011%BloFin0.008707+0.011%01 Exchange0.008709+0.034%KuCoin0.008709+0.034%Reya0.008709+0.037%Pacifica0.008710+0.046%Arcus0.008710+0.046%SoDEX0.008710+0.046%Nado0.008710+0.049%dYdX0.008711+0.053%Aster0.008713+0.084%Lighter0.008714+0.092%Extended0.008715+0.102%Hyperliquid0.008717+0.126%Bitget0.008717+0.126%gTrade (Gains Network)0.008717+0.128%Gate0.008718+0.138%MEXC0.008718+0.138%ApeX Omni0.008718+0.138%GMX0.008718+0.138%Kraken Futures0.008720+0.160%HTX0.008727+0.241%
Deribit
BloFin
KuCoin
Reya
Pacifica
Arcus
SoDEX
Nado
dYdX
Aster
Lighter
Extended
Hyperliquid
Bitget
gTrade (Gains Network)
Gate
MEXC
ApeX Omni
GMX
Kraken Futures
HTXBybit0.008728+0.253%
BingX0.008728+0.253%Binance0.008732+0.295%OKX0.008734+0.322%Variational Omni0.008742+0.415%Coinbase International0.008822+1.332%SunX0.008919+2.447%Injective0.009138+4.962%
BingX
Binance
OKX
Variational Omni
Coinbase International
SunX
InjectivePENGU on 33 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Backpack PENGU_USDC_PERP | −0.252% | −0.0086% | 1h | $305K | $282K | 10x | as long as short |
| Orderly PERP_PENGU_USDC | −0.252% | +0.0098% | 4h | $21K | $179K | 20x | as long as short |
| Aevo PENGU-PERPshort | −0.241% | +0.0104% | 1h | $201K | $17K | 3x | |
| Deribit PENGU_USDC-PERPETUAL | −0.241% | −0.0094% | 1h | $22K | $4K | 10x | as long as short |
| BloFin PENGU-USDT | −0.241% | +0.0340% | 4h | $1.5M | $939K | 75x | as long as short |
| 01 Exchange PENGUUSD | −0.218% | −0.0080% | 1h | $168 | $28 | 5x | as long as short |
| KuCoin PENGUUSDTM | −0.218% | +0.0100% | 4h | $5.0M | $6.7M | 75x | as long as short |
| Reya PENGURUSDPERP | −0.215% | +0.0235% | 1h | $294 | — | 10x | as long as short |
| Pacifica PENGU | −0.206% | +0.0100% | 1h | $204K | $126K | 5x | as long as short |
| Arcus PENGU-USD | −0.206% | +0.0100% | 1h | $4K | $9K | 5x | as long as short |
Show all 33 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| SoDEX PENGU-USD | −0.206% | +0.0100% | 1h | $982 | $14K | 5x | as long as short |
| Nado PENGU-PERP | −0.203% | +0.0100% | 1h | $601K | $563K | 5x | as long as short |
| dYdX PENGU-USD | −0.199% | 0.0000% | 1h | $10K | $1K | 5x | as long as short |
| Aster PENGUUSDT | −0.169% | +0.0100% | 4h | $170K | $326K | 20x | as long as short |
| Lighter PENGU | −0.160% | +0.0096% | 1h | $305K | $452K | 8x | as long as short |
| Extended PENGU-USD | −0.150% | +0.0104% | 1h | $193K | $665K | 10x | as long as short |
| Hyperliquid PENGU | −0.126% | +0.0100% | 1h | $8.4M | $6.7M | 5x | as long as short |
| Bitget PENGUUSDT | −0.126% | +0.0100% | 4h | $8.7M | $8.3M | 75x | as long as short |
| gTrade (Gains Network) PENGU/USD | −0.124% | L +0.0007% / S −0.0003% | 1h | $33K | — | 150x | as long as short |
| Gate PENGU_USDT | −0.115% | +0.0094% | 4h | $3.8M | $10.2M | 75x | as long as short |
| MEXC PENGU_USDT | −0.115% | +0.0100% | 4h | $13.8M | $10.0M | 125x | as long as short |
| ApeX Omni PENGUUSDT | −0.115% | +0.0100% | 1h | $75K | $251K | 50x | as long as short |
| GMX PENGU/USD [WBTC.b-USDC] | −0.115% | L +0.0402% / S −0.0384% | 1h | $89K | — | 100x | as long as short |
| Kraken Futures PF_PENGUUSD | −0.093% | +0.0521% | 1h | $368K | $817K | 50x | as long as short |
| HTX PENGU-USDT | −0.011% | +0.0100% | 4h | $97K | $182K | 25x | as long as short |
| Bybit PENGUUSDTlong | 0.000% | +0.0100% | 4h | $22.0M | $22.7M | 75x | |
| BingX PENGU-USDT | 0.000% | +0.0100% | 4h | — | $3.8M | — | as long as short |
| Binance PENGUUSDT | +0.042% | +0.0100% | 4h | $37.5M | $112.5M | 75x | as long as short |
| OKX PENGU-USDT-SWAP | +0.069% | +0.0100% | 4h | $7.7M | $36.9M | 50x | as long as short |
| Variational Omni PENGU | +0.162% | +0.0100% | 4h | $685K | $341K | — | as long as short |
| Coinbase International PENGU-PERP-INTX | +1.077% | +0.2520% | 1h | $93K | $135K | 50x | as long as short |
| SunX PENGU-USDT | +2.188% | +0.0100% | 4h | $3K | $1.9M | 10x | as long as short |
| Injective PENGU/USDC PERP | +4.698% | +0.0033% | 1h | $3K | $116K | 5.5x | as long as short |