Spread before costs (cost unknown: a leg has no order-book sample)+0.069%
7d average—if it closes, per $10,000$7funding while held, a day+$3.00
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Deribit PENGU_USDC-PERPETUAL | 0.008639 | 0 | get 0.0000% / 1h | 38m 28s | $19K | $7K | 10x |
| Short | Bitget PENGUUSDT | 0.008645 | 0.0100 | get 0.0050% / 4h | 2h 38m | $8.4M | $9.6M | 75x |
Deribit PENGU_USDC-PERPETUAL
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
- $6.95
- Funding while held
- $3
- Slippage, 4 orders
- no order book: not counted
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$9.05
- Spread needed to break even
- 0.190%
Slippage unknown: Deribit: no order-book sample; Bitget: live order book, 1 min ago. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- +0.0100%
- Per $10,000 a day
- +$3.00
- 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 Bitget live order book, 1 min ago | 1.74 bp | 16.8 bp −$17 | 38.5 bp −$385 | 115.5 bp −$11.5K | 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.ApeX Omni0.008591cheapestVariational Omni0.008593+0.023%Reya0.008623+0.368%GMX0.008629+0.442%Bybit0.008630+0.454%BingX0.008630+0.454%BloFin0.008630+0.454%OKX0.008631+0.466%gTrade (Gains Network)0.008632+0.476%Orderly0.008633+0.489%Nado0.008634+0.501%SoDEX0.008634+0.501%Backpack0.008635+0.512%Aevo0.008635+0.512%HTX0.008635+0.512%Binance0.008636+0.519%Gate0.008636+0.524%dYdX0.008636+0.529%Pacifica0.008639+0.559%
ApeX Omni
Variational Omni
Reya
GMX
Bybit
BingX
BloFin
OKX
gTrade (Gains Network)
Orderly
Nado
SoDEX
Backpack
Aevo
HTX
Binance
Gate
dYdX
PacificaDeribit0.008639+0.559%
Arcus0.008640+0.570%Extended0.008640+0.576%Hyperliquid0.008641+0.582%Kraken Futures0.008641+0.588%Aster0.008642+0.594%MEXC0.008642+0.594%KuCoin0.008642+0.594%Lighter0.008643+0.605%01 Exchange0.008643+0.605%
Arcus
Extended
Hyperliquid
Kraken Futures
Aster
MEXC
KuCoin
LighterBitget0.008645+0.629%
Injective0.008792+2.340%Coinbase International0.008808+2.526%SunX0.008830+2.782%
Injective
Coinbase International
SunXPENGU on 33 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| ApeX Omni PENGUUSDT | −0.556% | −0.0172% | 1h | $78K | $253K | 50x | as long as short |
| Variational Omni PENGU | −0.533% | +0.0100% | 4h | $760K | $519K | — | as long as short |
| Reya PENGURUSDPERP | −0.190% | +0.0236% | 1h | $291 | — | 10x | as long as short |
| GMX PENGU/USD [WBTC.b-USDC] | −0.116% | L +0.0492% / S −0.0679% | 1h | $108K | — | 100x | as long as short |
| Bybit PENGUUSDT | −0.104% | +0.0100% | 4h | $21.9M | $26.8M | 75x | as long as short |
| BingX PENGU-USDC | −0.104% | +0.0100% | 4h | — | $2.3M | — | as long as short |
| BloFin PENGU-USDT | −0.104% | +0.0340% | 4h | $1.5M | $1.5M | 75x | as long as short |
| OKX PENGU-USDT-SWAP | −0.093% | +0.0100% | 4h | $7.7M | $39.8M | 50x | as long as short |
| gTrade (Gains Network) PENGU/USD | −0.082% | L +0.0007% / S −0.0003% | 1h | $33K | — | 150x | as long as short |
| Orderly PERP_PENGU_USDC | −0.069% | +0.0098% | 4h | $16K | $183K | 20x | as long as short |
Show all 33 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Nado PENGU-PERP | −0.058% | +0.0100% | 1h | $630K | $674K | 5x | as long as short |
| SoDEX PENGU-USD | −0.058% | +0.0100% | 1h | $964 | $14K | 5x | as long as short |
| Backpack PENGU_USDC_PERP | −0.046% | +0.0070% | 1h | $306K | $308K | 10x | as long as short |
| Aevo PENGU-PERP | −0.046% | +0.0104% | 1h | $199K | $17K | 3x | as long as short |
| HTX PENGU-USDT | −0.046% | +0.0100% | 4h | $100K | $211K | 25x | as long as short |
| Binance PENGUUSDT | −0.040% | +0.0100% | 4h | $36.6M | $127.0M | 75x | as long as short |
| Gate PENGU_USDT | −0.035% | −0.0096% | 4h | $3.6M | $12.8M | 75x | as long as short |
| dYdX PENGU-USD | −0.030% | 0.0000% | 1h | $11K | $5K | 5x | as long as short |
| Pacifica PENGU | 0.000% | +0.0100% | 1h | $202K | $130K | 5x | as long as short |
| Deribit PENGU_USDC-PERPETUALlong | 0.000% | 0.0000% | 1h | $19K | $7K | 10x | |
| Arcus PENGU-USD | +0.012% | +0.0100% | 1h | $19K | $23K | 5x | as long as short |
| Extended PENGU-USD | +0.017% | +0.0104% | 1h | $177K | $676K | 10x | as long as short |
| Hyperliquid PENGU | +0.023% | +0.0100% | 1h | $9.6M | $11.6M | 5x | as long as short |
| Kraken Futures PF_PENGUUSD | +0.029% | +0.0288% | 1h | $365K | $856K | 50x | as long as short |
| Aster PENGUUSDT | +0.035% | +0.0100% | 4h | $205K | $345K | 20x | as long as short |
| MEXC PENGU_USDT | +0.035% | +0.0100% | 4h | $11.4M | $10.8M | 125x | as long as short |
| KuCoin PENGUUSDTM | +0.035% | +0.0100% | 4h | $5.2M | $7.0M | 75x | as long as short |
| Lighter PENGU | +0.046% | +0.0096% | 1h | $308K | $477K | 8x | as long as short |
| 01 Exchange PENGUUSD | +0.046% | +0.0128% | 1h | $167 | $28 | 5x | as long as short |
| Bitget PENGUUSDTshort | +0.069% | +0.0100% | 4h | $8.4M | $9.6M | 75x | |
| Injective PENGU/USDC PERP | +1.771% | +0.4551% | 1h | $3K | $51K | 5.5x | as long as short |
| Coinbase International PENGU-PERP-INTX | +1.956% | +0.2968% | 1h | $93K | $128K | 50x | as long as short |
| SunX PENGU-USDT | +2.211% | +0.0100% | 4h | $3K | $2.0M | 10x | as long as short |