Spread before costs (cost unknown: a leg has no order-book sample)−0.035%
7d average—if it closes, per $10,000$3funding while held, a day+$1.75
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Deribit PENGU_USDC-PERPETUAL | 0.008597 | 0 | get 0.0000% / 1h | 39m 53s | $19K | $7K | 10x |
| Short | Backpack PENGU_USDC_PERP | 0.008594 | 0.0058 | get 0.0007% / 1h | 39m 53s | $305K | $308K | 10x |
Deribit PENGU_USDC-PERPETUAL
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
- −$3.49
- Funding while held
- $1.75
- Slippage, 4 orders
- no order book: not counted
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Fee Backpack: 5 bp × 2 orders
- −$10
- Net
- −$18.74
- Spread needed to break even
- 0.170%
Slippage unknown: Deribit: no order-book sample; Backpack: live order book, 65 min ago. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- +0.0058%
- Per $10,000 a day
- +$1.75
- 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 Backpack live order book, 65 min ago | 0.56 bp | 8.9 bp −$9 | doesn't fit | doesn't fit | doesn't fit |
Deribit: 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.Variational Omni0.008593cheapestBloFin0.008593+0.000%
Variational Omni
BloFinBackpack0.008594+0.012%
SoDEX0.008594+0.012%Aevo0.008595+0.024%
SoDEX
AevoDeribit0.008597+0.047%
Extended0.008598+0.063%BingX0.008599+0.070%Orderly0.008599+0.070%Lighter0.008600+0.082%Bybit0.008600+0.082%KuCoin0.008600+0.082%Hyperliquid0.008601+0.093%MEXC0.008601+0.093%GMX0.008601+0.093%Gate0.008602+0.105%Aster0.008602+0.109%gTrade (Gains Network)0.008603+0.113%Kraken Futures0.008605+0.135%Reya0.008605+0.135%Binance0.008606+0.152%Pacifica0.008607+0.163%HTX0.008609+0.187%dYdX0.008609+0.192%OKX0.008610+0.198%Arcus0.008610+0.198%Nado0.008611+0.216%Bitget0.008613+0.233%01 Exchange0.008617+0.280%ApeX Omni0.008644+0.594%Injective0.008792+2.316%Coinbase International0.008808+2.502%SunX0.008811+2.537%
Extended
BingX
Orderly
Lighter
Bybit
KuCoin
Hyperliquid
MEXC
GMX
Gate
Aster
gTrade (Gains Network)
Kraken Futures
Reya
Binance
Pacifica
HTX
dYdX
OKX
Arcus
Nado
Bitget
ApeX Omni
Injective
Coinbase International
SunXPENGU on 33 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Variational Omni PENGU | −0.047% | +0.0100% | 4h | $760K | $519K | — | as long as short |
| BloFin PENGU-USDT | −0.047% | +0.0340% | 4h | $1.5M | $1.5M | 75x | as long as short |
| Backpack PENGU_USDC_PERPshort | −0.035% | +0.0058% | 1h | $305K | $308K | 10x | |
| SoDEX PENGU-USD | −0.035% | +0.0100% | 1h | $964 | $14K | 5x | as long as short |
| Aevo PENGU-PERP | −0.023% | +0.0104% | 1h | $199K | $17K | 3x | as long as short |
| Deribit PENGU_USDC-PERPETUALlong | 0.000% | 0.0000% | 1h | $19K | $7K | 10x | |
| Extended PENGU-USD | +0.016% | +0.0104% | 1h | $177K | $676K | 10x | as long as short |
| BingX PENGU-USDT | +0.023% | +0.0100% | 4h | — | $4.1M | — | as long as short |
| Orderly PERP_PENGU_USDC | +0.023% | +0.0098% | 4h | $16K | $183K | 20x | as long as short |
| Lighter PENGU | +0.035% | +0.0096% | 1h | $307K | $477K | 8x | as long as short |