Spread before costs (cost unknown: a leg has no order-book sample)+0.264%
7d average—if it closes, per $10,000$26funding while held, a day+$5.82
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Deribit PENGU_USDC-PERPETUAL | 0.008707 | −0.0094 | get 0.0012% / 1h | 8m 29s | $22K | $4K | 10x |
| Short | Arcus PENGU-USD | 0.008730 | 0.0100 | get 0.0013% / 1h | 8m 29s | $4K | $9K | 5x |
Deribit PENGU_USDC-PERPETUAL
Arcus PENGU-USDPrice 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
- $26.42
- Funding while held
- $5.82
- Slippage, 4 orders
- no order book: not counted
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Fee Arcus: 2.25 bp × 2 orders
- −$4.5
- Net
- $20.74
- Spread needed to break even
- 0.115%
Slippage unknown: Deribit: no order-book sample; Arcus: no order-book sample. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- +0.0194%
- Per $10,000 a day
- +$5.82
- 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 Deribit no order-book sample | — | — | — | — | — |
| Sell Arcus no order-book sample | — | — | — | — | — |
Deribit and Arcus: 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.Reya0.008704cheapestBybit0.008706+0.020%Backpack0.008706+0.020%Orderly0.008706+0.020%Aevo0.008707+0.031%
Reya
Bybit
Backpack
Orderly
AevoDeribit0.008707+0.031%
BloFin0.008707+0.031%OKX0.008709+0.054%SoDEX0.008710+0.066%Nado0.008710+0.069%01 Exchange0.008713+0.100%Bitget0.008716+0.135%gTrade (Gains Network)0.008717+0.148%ApeX Omni0.008718+0.158%GMX0.008718+0.158%Kraken Futures0.008720+0.180%BingX0.008720+0.181%Binance0.008721+0.189%Gate0.008723+0.215%KuCoin0.008725+0.238%Extended0.008727+0.257%HTX0.008727+0.261%dYdX0.008728+0.276%MEXC0.008729+0.284%
BloFin
OKX
SoDEX
Nado
Bitget
gTrade (Gains Network)
ApeX Omni
GMX
Kraken Futures
BingX
Binance
Gate
KuCoin
Extended
HTX
dYdX
MEXCArcus0.008730+0.295%
Pacifica0.008731+0.307%Lighter0.008733+0.330%Aster0.008738+0.384%Hyperliquid0.008742+0.433%Variational Omni0.008742+0.435%Coinbase International0.008822+1.352%SunX0.008919+2.467%Injective0.009138+4.983%
Pacifica
Lighter
Aster
Hyperliquid
Variational Omni
Coinbase International
SunX
InjectivePENGU on 33 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Reya PENGURUSDPERP | −0.031% | +0.0235% | 1h | $294 | — | 10x | as long as short |
| Bybit PENGUUSDT | −0.011% | +0.0100% | 4h | $21.9M | $22.7M | 75x | as long as short |
| Backpack PENGU_USDC_PERP | −0.011% | −0.0086% | 1h | $305K | $282K | 10x | as long as short |
| Orderly PERP_PENGU_USDC | −0.011% | +0.0098% | 4h | $21K | $179K | 20x | as long as short |
| Aevo PENGU-PERP | 0.000% | +0.0104% | 1h | $201K | $17K | 3x | as long as short |
| Deribit PENGU_USDC-PERPETUALlong | 0.000% | −0.0094% | 1h | $22K | $4K | 10x | |
| BloFin PENGU-USDT | 0.000% | +0.0340% | 4h | $1.5M | $939K | 75x | as long as short |
| OKX PENGU-USDT-SWAP | +0.023% | +0.0100% | 4h | $7.7M | $36.8M | 50x | as long as short |
| SoDEX PENGU-USD | +0.034% | +0.0100% | 1h | $982 | $14K | 5x | as long as short |
| Nado PENGU-PERP | +0.037% | +0.0100% | 1h | $601K | $563K | 5x | as long as short |