After costs, if the gap returns to its 7d average, $10k−$155
spread now−1.547%7d average−0.682%fees + slippage, in and out−$68spread needed0.683%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Coinbase International PENGU-PERP-INTX | 0.008406 | 0.2088 | pay 0.0261% / 1h | 57m 47s | $84K | $193K | 50x |
| Short | Bitget PENGUUSDT | 0.008276 | 0.0100 | get 0.0050% / 4h | 1h 57m | $8.2M | $7.3M | 75x |
Coinbase International PENGU-PERP-INTX
Bitget 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
- −$154.65
- Funding while held
- −$59.64
- Slippage, 4 orders
- −$46.27
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$282.56
- Spread needed to break even
- 0.683%
Slippage from Coinbase International: live order book, 62 min ago; Bitget: live order book, 2 min ago.
Cost of waiting
funding view- Funding /8h
- −0.1988%
- Per $10,000 a day
- −$59.64
- 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, 62 min ago | 15.02 bp | 20.0 bp −$20 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bitget live order book, 2 min ago | 1.81 bp | 12.8 bp −$13 | 26.1 bp −$261 | 86.5 bp −$8,651 | doesn't fit |
PENGU price on every exchange
against the cheapest. Click to use as the short leg.Injective0.007874cheapest
Bybit0.008260+4.902%BingX0.008260+4.902%Binance0.008264+4.957%Nado0.008264+4.959%OKX0.008265+4.966%Extended0.008267+4.995%Gate0.008268+5.004%Backpack0.008269+5.017%Arcus0.008270+5.029%Aevo0.008270+5.029%Reya0.008270+5.035%dYdX0.008271+5.041%Pacifica0.008271+5.042%MEXC0.008271+5.042%Deribit0.008271+5.042%Aster0.008273+5.065%KuCoin0.008273+5.067%Orderly0.008274+5.080%SoDEX0.008274+5.080%GMX0.008275+5.093%BloFin0.008275+5.093%Hyperliquid0.008276+5.105%
Injective
Bybit
BingX
Binance
Nado
OKX
Extended
Gate
Backpack
Arcus
Aevo
Reya
dYdX
Pacifica
MEXC
Deribit
Aster
KuCoin
Orderly
SoDEX
GMX
BloFin
HyperliquidBitget0.008276+5.105%
gTrade (Gains Network)0.008276+5.109%Lighter0.008279+5.144%HTX0.008284+5.207%Kraken Futures0.008284+5.211%ApeX Omni0.008293+5.321%Variational Omni0.008295+5.349%
gTrade (Gains Network)
Lighter
HTX
Kraken Futures
ApeX Omni
Variational OmniCoinbase International0.008406+6.756%
SunX0.008479+7.684%
SunXPENGU on 32 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Injective PENGU/USDC PERP | −6.329% | +0.0033% | 1h | $3K | $116K | 5.5x | as long as short |
| Bybit PENGUUSDT | −1.737% | +0.0100% | 4h | $20.3M | $19.8M | 75x | as long as short |
| BingX PENGU-USDC | −1.737% | +0.0100% | 4h | — | $2.3M | — | as long as short |
| Binance PENGUUSDT | −1.686% | +0.0100% | 4h | $34.9M | $93.7M | 75x | as long as short |
| Nado PENGU-PERP | −1.683% | +0.0100% | 1h | $206K | $259K | 5x | as long as short |
| OKX PENGU-USDT-SWAP | −1.677% | +0.0100% | 4h | $6.9M | $30.1M | 50x | as long as short |
| Extended PENGU-USD | −1.650% | +0.0104% | 1h | $159K | $635K | 10x | as long as short |
| Gate PENGU_USDT | −1.642% | +0.0100% | 4h | $3.4M | $7.0M | 75x | as long as short |
| Backpack PENGU_USDC_PERP | −1.630% | −0.0181% | 1h | $285K | $256K | 10x | as long as short |
| Arcus PENGU-USD | −1.618% | +0.0100% | 1h | $4K | $31K | 5x | as long as short |
Show all 32 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Aevo PENGU-PERP | −1.618% | +0.0104% | 1h | $191K | $17K | 3x | as long as short |
| Reya PENGURUSDPERP | −1.613% | +0.0234% | 1h | $279 | — | 10x | as long as short |
| dYdX PENGU-USD | −1.607% | +0.0915% | 1h | $10K | $998 | 5x | as long as short |
| Pacifica PENGU | −1.606% | +0.0100% | 1h | $193K | $121K | 5x | as long as short |
| MEXC PENGU_USDT | −1.606% | +0.0100% | 4h | $11.8M | $8.4M | 125x | as long as short |
| Deribit PENGU_USDC-PERPETUAL | −1.606% | −0.0233% | 1h | $21K | $4K | 10x | as long as short |
| Aster PENGUUSDT | −1.584% | +0.0100% | 4h | $168K | $305K | 20x | as long as short |
| KuCoin PENGUUSDTM | −1.582% | +0.0100% | 4h | $4.9M | $6.2M | 75x | as long as short |
| Orderly PERP_PENGU_USDC | −1.570% | +0.0096% | 4h | $16K | $174K | 20x | as long as short |
| SoDEX PENGU-USD | −1.570% | +0.0100% | 1h | $921 | $14K | 5x | as long as short |
| GMX PENGU/USD [WBTC.b-USDC] | −1.558% | L +0.0385% / S −0.0369% | 1h | $82K | — | 100x | as long as short |
| BloFin PENGU-USDT | −1.558% | +0.0340% | 4h | $1.4M | $760K | 75x | as long as short |
| Hyperliquid PENGU | −1.547% | +0.0100% | 1h | $8.3M | $5.8M | 5x | as long as short |
| Bitget PENGUUSDTshort | −1.547% | +0.0100% | 4h | $8.2M | $7.3M | 75x | |
| gTrade (Gains Network) PENGU/USD | −1.543% | L +0.0007% / S −0.0003% | 1h | $32K | — | 150x | as long as short |
| Lighter PENGU | −1.511% | +0.0096% | 1h | $325K | $374K | 8x | as long as short |
| HTX PENGU-USDT | −1.451% | +0.0100% | 4h | $92K | $193K | 25x | as long as short |
| Kraken Futures PF_PENGUUSD | −1.447% | +0.0654% | 1h | $348K | $775K | 50x | as long as short |
| ApeX Omni PENGUUSDT | −1.344% | +0.0100% | 1h | $71K | $251K | 50x | as long as short |
| Variational Omni PENGU | −1.318% | +0.0100% | 4h | $667K | $284K | — | as long as short |
| Coinbase International PENGU-PERP-INTXlong | 0.000% | +0.2088% | 1h | $84K | $193K | 50x | |
| SunX PENGU-USDT | +0.868% | +0.0100% | 4h | $3K | $1.6M | 10x | as long as short |