data as of
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Price arb /

PENGU

all PENGU markets
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Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

After costs, if the gap returns to its 7d average, $10k−$40
spread now+0.087%7d average+0.045%fees + slippage, in and out−$44spread needed0.441%
Long on BybitShort on Binance
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBybit PENGUUSDT0.0082480.0100pay 0.0050% / 4h1h 50m$20.2M$19.8M75x
ShortBinance PENGUUSDT0.0082550.0100get 0.0050% / 4h1h 50m$34.9M$95.0M75x

Price spread history

latest
Range statsloading…

How often the spread is this wide

share of time at each level, last 7D

Backtest

opened in the past, held until now, after costs
Backtest 7 daysBacktest 30 daysBacktest 90 daysopens the backtester with this pair and $10,000 a leg

Profit calculator

Spread captured
$8.74
Funding while held
$0
Slippage, 4 orders
−$23.13
Fee Bybit: 5.5 bp × 2 orders
−$11
Fee Binance: 5 bp × 2 orders
−$10
Net
−$35.39
Spread needed to break even
0.441%
Slippage from Bybit: live order book, 5 min ago; Binance: live order book, 9 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
LegHalf-spread$10k$100k$1M$5M
Buy Bybit live order book, 5 min ago0.61 bp13.9 bp −$1439.4 bp −$394doesn't fitdoesn't fit
Sell Binance live order book, 9 min ago0.60 bp8.8 bp −$914.2 bp −$14256.2 bp −$5,621doesn't fit

PENGU price on every exchange

against the cheapest. Click to use as the short leg.
Injective0.007874cheapestApeX Omni0.008186+3.962%Variational Omni0.008211+4.285%Backpack0.008223+4.432%BloFin0.008227+4.483%HTX0.008228+4.496%dYdX0.008242+4.679%Extended0.008248+4.749%Pacifica0.008248+4.750%
Bybit0.008248+4.750%
Aevo0.008248+4.750%Arcus0.008250+4.775%Lighter0.008251+4.788%Gate0.008252+4.801%Orderly0.008252+4.801%SoDEX0.008252+4.801%Deribit0.008252+4.801%OKX0.008253+4.813%GMX0.008253+4.813%Reya0.008254+4.820%Aster0.008254+4.821%gTrade (Gains Network)0.008254+4.822%MEXC0.008255+4.839%BingX0.008255+4.839%
Binance0.008255+4.841%
KuCoin0.008257+4.864%Nado0.008257+4.867%Kraken Futures0.008258+4.875%Hyperliquid0.008260+4.902%Bitget0.008263+4.940%Coinbase International0.008378+6.401%SunX0.008451+7.328%

PENGU on 32 venues

cheapest first. Swap a leg.
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Injective PENGU/USDC PERP−4.534%+0.0033%1h$3K$116K5.5xas long as short
ApeX Omni PENGUUSDT−0.752%−0.0002%1h$70K$251K50xas long as short
Variational Omni PENGU−0.444%+0.0100%4h$659K$284K—as long as short
Backpack PENGU_USDC_PERP−0.303%−0.0055%1h$283K$255K10xas long as short
BloFin PENGU-USDT−0.255%+0.0340%4h$1.4M$787K75xas long as short
HTX PENGU-USDT−0.242%+0.0100%4h$92K$181K25xas long as short
dYdX PENGU-USD−0.068%+0.2767%1h$10K$9985xas long as short
Extended PENGU-USD−0.001%+0.0104%1h$158K$638K10xas long as short
Pacifica PENGU0.000%+0.0100%1h$192K$121K5xas long as short
Bybit PENGUUSDTlong0.000%+0.0100%4h$20.2M$19.8M75x
Show all 32 venues
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Aevo PENGU-PERP0.000%+0.0104%1h$191K$17K3xas long as short
Arcus PENGU-USD+0.024%+0.0100%1h$4K$31K5xas long as short
Lighter PENGU+0.036%+0.0096%1h$315K$384K8xas long as short
Gate PENGU_USDT+0.048%+0.0100%4h$3.3M$7.3M75xas long as short
Orderly PERP_PENGU_USDC+0.048%+0.0096%4h$16K$174K20xas long as short
SoDEX PENGU-USD+0.048%+0.0100%1h$923$14K5xas long as short
Deribit PENGU_USDC-PERPETUAL+0.048%−0.0113%1h$21K$4K10xas long as short
OKX PENGU-USDT-SWAP+0.061%+0.0100%4h$6.9M$30.3M50xas long as short
GMX PENGU/USD [WBTC.b-USDC]+0.061%L +0.0385% / S −0.0369%1h$82K—100xas long as short
Reya PENGURUSDPERP+0.067%+0.0234%1h$279—10xas long as short
Aster PENGUUSDT+0.068%+0.0100%4h$168K$307K20xas long as short
gTrade (Gains Network) PENGU/USD+0.069%L +0.0007% / S −0.0003%1h$32K—150xas long as short
MEXC PENGU_USDT+0.085%+0.0100%4h$11.7M$8.6M125xas long as short
BingX PENGU-USDT+0.085%+0.0100%4h—$3.6M—as long as short
Binance PENGUUSDTshort+0.087%+0.0100%4h$34.9M$95.0M75x
KuCoin PENGUUSDTM+0.109%+0.0100%4h$4.6M$6.3M75xas long as short
Nado PENGU-PERP+0.112%+0.0100%1h$207K$267K5xas long as short
Kraken Futures PF_PENGUUSD+0.120%+0.0657%1h$347K$787K50xas long as short
Hyperliquid PENGU+0.145%+0.0100%1h$8.2M$5.9M5xas long as short
Bitget PENGUUSDT+0.182%+0.0100%4h$8.2M$7.3M75xas long as short
Coinbase International PENGU-PERP-INTX+1.576%+0.2088%1h$84K$193K50xas long as short
SunX PENGU-USDT+2.461%+0.0100%4h$3K$1.6M10xas long as short