After costs, if the gap returns to its 7d average, $10k−$39
spread now+0.034%7d average+0.038%fees + slippage, in and out−$39spread needed0.389%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit PENGUUSDT | 0.008791 | 0.0100 | pay 0.0050% / 4h | 3h 32m | $23.2M | $25.5M | 75x |
| Short | Backpack PENGU_USDC_PERP | 0.008794 | 0.0100 | get 0.0013% / 1h | 32m 06s | $308K | $306K | 10x |
Bybit PENGUUSDT
Backpack PENGU_USDC_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
- $3.41
- Funding while held
- $0
- Slippage, 4 orders
- −$17.86
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Backpack: 5 bp × 2 orders
- −$10
- Net
- −$35.45
- Spread needed to break even
- 0.389%
Slippage from Bybit: live order book, 3 min ago; Backpack: live order book, 13 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 Bybit live order book, 3 min ago | 0.57 bp | 10.9 bp −$11 | 28.8 bp −$288 | 138.7 bp −$13.9K | doesn't fit |
| Sell Backpack live order book, 13 min ago | 0.56 bp | 8.9 bp −$9 | doesn't fit | doesn't fit | doesn't fit |
PENGU price on every exchange
against the cheapest. Click to use as the short leg.BingX0.008786cheapestGate0.008787+0.011%
BingX
GateBybit0.008791+0.057%
OKX0.008793+0.080%
OKXBackpack0.008794+0.091%
Binance0.008795+0.103%SoDEX0.008796+0.114%gTrade (Gains Network)0.008796+0.119%Orderly0.008797+0.125%Extended0.008797+0.130%Nado0.008797+0.131%Deribit0.008798+0.137%MEXC0.008799+0.148%Aevo0.008799+0.148%Reya0.008800+0.154%Arcus0.008800+0.159%KuCoin0.008800+0.159%Aster0.008801+0.174%GMX0.008802+0.182%Lighter0.008803+0.193%Bitget0.008803+0.193%01 Exchange0.008804+0.205%Pacifica0.008807+0.239%Kraken Futures0.008808+0.249%Hyperliquid0.008809+0.262%dYdX0.008809+0.264%HTX0.008815+0.330%BloFin0.008817+0.353%ApeX Omni0.008827+0.467%Variational Omni0.008843+0.645%Coinbase International0.008950+1.867%Injective0.008971+2.106%SunX0.009005+2.493%
Binance
SoDEX
gTrade (Gains Network)
Orderly
Extended
Nado
Deribit
MEXC
Aevo
Reya
Arcus
KuCoin
Aster
GMX
Lighter
Bitget
Pacifica
Kraken Futures
Hyperliquid
dYdX
HTX
BloFin
ApeX Omni
Variational Omni
Coinbase International
Injective
SunXPENGU on 33 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| BingX PENGU-USDC | −0.057% | +0.0100% | 4h | — | $2.3M | — | as long as short |
| Gate PENGU_USDT | −0.046% | +0.0010% | 4h | $3.9M | $11.6M | 75x | as long as short |
| Bybit PENGUUSDTlong | 0.000% | +0.0100% | 4h | $23.2M | $25.5M | 75x | |
| OKX PENGU-USDT-SWAP | +0.023% | +0.0100% | 4h | $7.9M | $39.9M | 50x | as long as short |
| Backpack PENGU_USDC_PERPshort | +0.034% | +0.0100% | 1h | $308K | $306K | 10x | |
| Binance PENGUUSDT | +0.046% | +0.0100% | 4h | $37.8M | $124.1M | 75x | as long as short |
| SoDEX PENGU-USD | +0.057% | +0.0100% | 1h | $995 | $14K | 5x | as long as short |
| gTrade (Gains Network) PENGU/USD | +0.062% | L +0.0007% / S −0.0003% | 1h | $33K | — | 150x | as long as short |
| Orderly PERP_PENGU_USDC | +0.068% | +0.0097% | 4h | $16K | $186K | 20x | as long as short |
| Extended PENGU-USD | +0.073% | +0.0104% | 1h | $192K | $669K | 10x | as long as short |