After costs, if the gap returns to its 7d average, $10k−$242
spread now−0.831%7d average−0.768%fees + slippage, in and out−$236spread needed2.356%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Coinbase International PENGU-PERP-INTX | 0.008662 | 0.2920 | pay 0.0365% / 1h | 58m 32s | $91K | $128K | 50x |
| Short | Backpack PENGU_USDC_PERP | 0.008590 | 0.0100 | get 0.0013% / 1h | 58m 32s | $303K | $305K | 10x |
Coinbase International PENGU-PERP-INTX
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
- −$83.12
- Funding while held
- −$84.6
- Slippage, 4 orders
- −$215.64
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Fee Backpack: 5 bp × 2 orders
- −$10
- Net
- −$403.36
- Spread needed to break even
- 2.356%
Slippage from Coinbase International: live order book, 41 min ago; Backpack: live order book, 41 min ago.
Cost of waiting
funding view- Funding /8h
- −0.2820%
- Per $10,000 a day
- −$84.60
- 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 Coinbase International live order book, 41 min ago | 100.93 bp | 107.1 bp −$107 | doesn't fit | doesn't fit | doesn't fit |
| Sell Backpack live order book, 41 min ago | 0.58 bp | 12.5 bp −$12 | doesn't fit | doesn't fit | doesn't fit |
PENGU price on every exchange
against the cheapest. Click to use as the short leg.BingX0.008557cheapestGate0.008565+0.093%Bybit0.008568+0.129%Extended0.008568+0.134%Pacifica0.008570+0.152%Variational Omni0.008570+0.156%Lighter0.008574+0.199%KuCoin0.008574+0.199%dYdX0.008574+0.201%Binance0.008575+0.207%01 Exchange0.008580+0.269%OKX0.008584+0.316%Nado0.008585+0.327%Bitget0.008586+0.339%Reya0.008588+0.361%MEXC0.008589+0.374%Arcus0.008590+0.386%
BingX
Gate
Bybit
Extended
Pacifica
Variational Omni
Lighter
KuCoin
dYdX
Binance
OKX
Nado
Bitget
Reya
MEXC
ArcusBackpack0.008590+0.386%
Aevo0.008590+0.386%SoDEX0.008590+0.386%Aster0.008590+0.387%Hyperliquid0.008591+0.397%GMX0.008591+0.397%Deribit0.008591+0.397%gTrade (Gains Network)0.008591+0.399%ApeX Omni0.008593+0.421%Orderly0.008594+0.432%BloFin0.008594+0.432%Kraken Futures0.008596+0.451%HTX0.008609+0.608%
Aevo
SoDEX
Aster
Hyperliquid
GMX
Deribit
gTrade (Gains Network)
ApeX Omni
Orderly
BloFin
Kraken Futures
HTXCoinbase International0.008662+1.227%
Injective0.008792+2.746%SunX0.008806+2.910%
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 | −1.212% | +0.0100% | 4h | — | $2.3M | — | as long as short |
| Gate PENGU_USDT | −1.120% | −0.0138% | 4h | $3.5M | $12.8M | 75x | as long as short |
| Bybit PENGUUSDT | −1.085% | +0.0100% | 4h | $21.8M | $27.4M | 75x | as long as short |
| Extended PENGU-USD | −1.079% | +0.0104% | 1h | $176K | $678K | 10x | as long as short |
| Pacifica PENGU | −1.062% | +0.0100% | 1h | $203K | $133K | 5x | as long as short |
| Variational Omni PENGU | −1.058% | +0.0100% | 4h | $761K | $530K | — | as long as short |
| Lighter PENGU | −1.016% | +0.0096% | 1h | $309K | $491K | 8x | as long as short |
| KuCoin PENGUUSDTM | −1.016% | +0.0100% | 4h | $5.1M | $7.2M | 75x | as long as short |
| dYdX PENGU-USD | −1.014% | 0.0000% | 1h | $11K | $5K | 5x | as long as short |
| Binance PENGUUSDT | −1.008% | +0.0100% | 4h | $36.1M | $128.9M | 75x | as long as short |