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.

Spread before costs (cost unknown: a leg has no order-book sample)−7.245%
7d average−0.792%if it closes, per $10,000$724funding while held, a day−$2.00
Long on BybitShort on Injective
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBybit PENGUUSDT0.0084890.0100pay 0.0050% / 4h1h 03m$21.0M$20.2M75x
ShortInjective PENGU/USDC PERP0.0078740.0033get 0.0004% / 1h3m 38s$3K$116K5.5x

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
−$724.47
Funding while held
−$2
Slippage, 4 orders
no order book: not counted
Fee Bybit: 5.5 bp × 2 orders
−$11
Fee Injective: 0.01 bp × 2 orders
−$0.02
Net
−$737.49
Spread needed to break even
0.110%
Slippage unknown: Bybit: live order book, 1 min ago; Injective: no order-book sample. Net counts fees only.

Cost of waiting

funding view
Funding /8h
−0.0067%
Per $10,000 a day
−$2.00
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, 1 min ago0.59 bp13.4 bp −$1337.4 bp −$374doesn't fitdoesn't fit
Sell Injective no order-book sample—————
Injective: 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.
Injective0.007874cheapest
Bybit0.008489+7.811%
OKX0.008490+7.823%Backpack0.008496+7.899%GMX0.008498+7.925%Binance0.008499+7.935%SoDEX0.008499+7.938%Aevo0.008500+7.950%Variational Omni0.008501+7.962%BingX0.008501+7.963%Extended0.008501+7.966%Deribit0.008502+7.976%gTrade (Gains Network)0.008502+7.981%Orderly0.008503+7.988%Gate0.008505+8.014%MEXC0.008505+8.014%dYdX0.008505+8.016%01 Exchange0.008507+8.039%KuCoin0.008507+8.039%Pacifica0.008508+8.052%Lighter0.008509+8.065%Aster0.008510+8.072%Reya0.008510+8.075%Kraken Futures0.008510+8.075%Arcus0.008510+8.077%Hyperliquid0.008512+8.103%Bitget0.008512+8.103%Nado0.008512+8.109%HTX0.008521+8.217%ApeX Omni0.008530+8.331%BloFin0.008536+8.407%Coinbase International0.008559+8.700%SunX0.008704+10.541%

PENGU on 33 venues

cheapest first. Swap a leg.
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Injective PENGU/USDC PERPshort−7.245%+0.0033%1h$3K$116K5.5x
Bybit PENGUUSDTlong0.000%+0.0100%4h$21.0M$20.2M75x
OKX PENGU-USDT-SWAP+0.012%+0.0100%4h$7.2M$31.7M50xas long as short
Backpack PENGU_USDC_PERP+0.082%+0.0100%1h$293K$257K10xas long as short
GMX PENGU/USD [WBTC.b-USDC]+0.106%L +0.0385% / S −0.0362%1h$84K—100xas long as short
Binance PENGUUSDT+0.115%+0.0100%4h$36.4M$99.1M75xas long as short
SoDEX PENGU-USD+0.118%+0.0100%1h$960$14K5xas long as short
Aevo PENGU-PERP+0.130%+0.0104%1h$196K$17K3xas long as short
Variational Omni PENGU+0.141%+0.0100%4h$684K$284K—as long as short
BingX PENGU-USDC+0.141%+0.0100%4h—$2.3M—as long as short
Show all 33 venues
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Extended PENGU-USD+0.145%+0.0104%1h$163K$638K10xas long as short
Deribit PENGU_USDC-PERPETUAL+0.153%−0.0103%1h$21K$4K10xas long as short
gTrade (Gains Network) PENGU/USD+0.158%L +0.0007% / S −0.0003%1h$33K—150xas long as short
Orderly PERP_PENGU_USDC+0.165%+0.0096%4h$16K$175K20xas long as short
Gate PENGU_USDT+0.188%+0.0100%4h$3.6M$7.9M75xas long as short
MEXC PENGU_USDT+0.188%+0.0100%4h$11.8M$8.9M125xas long as short
dYdX PENGU-USD+0.190%+0.0515%1h$10K$9985xas long as short
01 Exchange PENGUUSD+0.212%−0.0064%1h$164$285xas long as short
KuCoin PENGUUSDTM+0.212%+0.0100%4h$4.7M$6.5M75xas long as short
Pacifica PENGU+0.224%+0.0100%1h$199K$122K5xas long as short
Lighter PENGU+0.236%+0.0096%1h$297K$438K8xas long as short
Aster PENGUUSDT+0.242%+0.0100%4h$170K$314K20xas long as short
Reya PENGURUSDPERP+0.245%+0.0235%1h$287—10xas long as short
Kraken Futures PF_PENGUUSD+0.245%+0.0637%1h$365K$763K50xas long as short
Arcus PENGU-USD+0.247%+0.0100%1h$4K$9K5xas long as short
Hyperliquid PENGU+0.271%+0.0100%1h$8.2M$6.2M5xas long as short
Bitget PENGUUSDT+0.271%+0.0100%4h$8.4M$7.5M75xas long as short
Nado PENGU-PERP+0.277%+0.0100%1h$219K$276K5xas long as short
HTX PENGU-USDT+0.377%+0.0100%4h$95K$181K25xas long as short
ApeX Omni PENGUUSDT+0.483%+0.0100%1h$73K$251K50xas long as short
BloFin PENGU-USDT+0.554%+0.0340%4h$1.5M$856K75xas long as short
Coinbase International PENGU-PERP-INTX+0.825%+0.2088%1h$83K$187K50xas long as short
SunX PENGU-USDT+2.533%+0.0100%4h$3K$1.6M10xas long as short