After costs, if the gap returns to its 7d average, $10k−$271
spread now−1.142%7d average−0.761%fees + slippage, in and out−$233spread needed2.328%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Coinbase International PENGU-PERP-INTX | 0.008761 | 0.2920 | pay 0.0365% / 1h | 44m 12s | $92K | $127K | 50x |
| Short | Binance PENGUUSDT | 0.008661 | 0.0100 | get 0.0050% / 4h | 1h 44m | $36.6M | $129.4M | 75x |
Coinbase International PENGU-PERP-INTX
Binance PENGUUSDTPrice 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
- −$114.21
- Funding while held
- −$84.6
- Slippage, 4 orders
- −$212.78
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$431.59
- Spread needed to break even
- 2.328%
Slippage from Coinbase International: live order book, 55 min ago; Binance: live order book, 15 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, 55 min ago | 100.93 bp | 107.1 bp −$107 | doesn't fit | doesn't fit | doesn't fit |
| Sell Binance live order book, 15 min ago | 0.58 bp | 10.2 bp −$10 | 20.3 bp −$203 | 71.0 bp −$7,099 | doesn't fit |
PENGU price on every exchange
against the cheapest. Click to use as the short leg.ApeX Omni0.008628cheapestVariational Omni0.008642+0.159%dYdX0.008649+0.239%BloFin0.008649+0.243%Arcus0.008650+0.255%Bybit0.008651+0.267%Pacifica0.008652+0.278%Gate0.008653+0.290%Nado0.008654+0.301%Aster0.008656+0.328%KuCoin0.008657+0.336%BingX0.008658+0.348%OKX0.008659+0.359%Backpack0.008659+0.359%Reya0.008659+0.360%Bitget0.008660+0.371%
ApeX Omni
Variational Omni
dYdX
BloFin
Arcus
Bybit
Pacifica
Gate
Nado
Aster
KuCoin
BingX
OKX
Backpack
Reya
BitgetBinance0.008661+0.382%
MEXC0.008661+0.382%01 Exchange0.008662+0.394%gTrade (Gains Network)0.008663+0.400%GMX0.008663+0.406%SoDEX0.008663+0.406%Extended0.008664+0.415%Lighter0.008664+0.417%Orderly0.008664+0.417%Aevo0.008665+0.429%Deribit0.008668+0.464%Hyperliquid0.008669+0.475%Kraken Futures0.008671+0.497%HTX0.008671+0.498%
MEXC
gTrade (Gains Network)
GMX
SoDEX
Extended
Lighter
Orderly
Aevo
Deribit
Hyperliquid
Kraken Futures
HTXCoinbase International0.008761+1.541%
Injective0.008792+1.901%SunX0.008866+2.758%
Injective
SunXPENGU on 33 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| ApeX Omni PENGUUSDT | −1.518% | +0.0100% | 1h | $79K | $252K | 50x | as long as short |
| Variational Omni PENGU | −1.362% | +0.0100% | 4h | $769K | $525K | — | as long as short |
| dYdX PENGU-USD | −1.283% | 0.0000% | 1h | $11K | $5K | 5x | as long as short |
| BloFin PENGU-USDT | −1.278% | +0.0340% | 4h | $1.5M | $1.6M | 75x | as long as short |
| Arcus PENGU-USD | −1.267% | +0.0100% | 1h | $19K | $23K | 5x | as long as short |
| Bybit PENGUUSDT | −1.256% | +0.0100% | 4h | $22.0M | $27.5M | 75x | as long as short |
| Pacifica PENGU | −1.244% | +0.0100% | 1h | $205K | $133K | 5x | as long as short |
| Gate PENGU_USDT | −1.233% | −0.0102% | 4h | $3.5M | $12.9M | 75x | as long as short |
| Nado PENGU-PERP | −1.221% | +0.0100% | 1h | $631K | $683K | 5x | as long as short |
| Aster PENGUUSDT | −1.195% | +0.0100% | 4h | $205K | $366K | 20x | as long as short |