Spread before costs (cost unknown: a leg has no order-book sample)−0.080%
7d average—if it closes, per $10,000$8funding 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 | 0.008749 | 0 | get 0.0000% / 1h | 12m 10s | $22K | $4K | 10x |
| Short | Bybit PENGUUSDT | 0.008742 | 0.0100 | get 0.0050% / 4h | 12m 10s | $22.1M | $22.6M | 75x |
Deribit PENGU_USDC-PERPETUAL
Bybit 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
- −$8
- Funding while held
- $3
- Slippage, 4 orders
- no order book: not counted
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$23
- Spread needed to break even
- 0.180%
Slippage unknown: Deribit: no order-book sample; Bybit: live order book, 3 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 Bybit live order book, 3 min ago | 0.57 bp | 11.4 bp −$11 | 25.0 bp −$250 | 155.5 bp −$15.5K | 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.Variational Omni0.008663cheapestApeX Omni0.008692+0.337%Backpack0.008720+0.661%BloFin0.008722+0.684%Nado0.008733+0.805%Pacifica0.008733+0.811%01 Exchange0.008733+0.811%KuCoin0.008736+0.845%dYdX0.008737+0.853%Gate0.008737+0.857%Reya0.008739+0.878%Arcus0.008740+0.892%MEXC0.008740+0.892%BingX0.008740+0.892%Hyperliquid0.008741+0.903%Aster0.008741+0.908%
Variational Omni
ApeX Omni
Backpack
BloFin
Nado
Pacifica
KuCoin
dYdX
Gate
Reya
Arcus
MEXC
BingX
Hyperliquid
AsterBybit0.008742+0.915%
GMX0.008743+0.926%Extended0.008744+0.942%gTrade (Gains Network)0.008745+0.948%SoDEX0.008745+0.949%Aevo0.008746+0.961%Orderly0.008747+0.972%Binance0.008749+0.993%OKX0.008749+0.995%
GMX
Extended
gTrade (Gains Network)
SoDEX
Aevo
Orderly
Binance
OKXDeribit0.008749+0.995%
Lighter0.008751+1.019%Bitget0.008751+1.019%HTX0.008753+1.042%Kraken Futures0.008754+1.059%Coinbase International0.008798+1.561%SunX0.008957+3.397%Injective0.009138+5.486%
Lighter
Bitget
HTX
Kraken Futures
Coinbase International
SunX
InjectivePENGU on 33 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Variational Omni PENGU | −0.986% | +0.0100% | 4h | $677K | $335K | — | as long as short |
| ApeX Omni PENGUUSDT | −0.652% | +0.0100% | 1h | $75K | $251K | 50x | as long as short |
| Backpack PENGU_USDC_PERP | −0.331% | −0.0112% | 1h | $305K | $282K | 10x | as long as short |
| BloFin PENGU-USDT | −0.309% | +0.0340% | 4h | $1.5M | $933K | 75x | as long as short |
| Nado PENGU-PERP | −0.189% | +0.0100% | 1h | $482K | $481K | 5x | as long as short |
| Pacifica PENGU | −0.183% | +0.0100% | 1h | $205K | $125K | 5x | as long as short |
| 01 Exchange PENGUUSD | −0.183% | −0.0080% | 1h | $168 | $28 | 5x | as long as short |
| KuCoin PENGUUSDTM | −0.149% | +0.0100% | 4h | $5.0M | $6.7M | 75x | as long as short |
| dYdX PENGU-USD | −0.141% | 0.0000% | 1h | $10K | $1K | 5x | as long as short |
| Gate PENGU_USDT | −0.137% | +0.0100% | 4h | $3.8M | $10.1M | 75x | as long as short |
Show all 33 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Reya PENGURUSDPERP | −0.117% | +0.0235% | 1h | $295 | — | 10x | as long as short |
| Arcus PENGU-USD | −0.103% | +0.0100% | 1h | $4K | $9K | 5x | as long as short |
| MEXC PENGU_USDT | −0.103% | +0.0100% | 4h | $13.9M | $10.0M | 125x | as long as short |
| BingX PENGU-USDT | −0.103% | +0.0100% | 4h | — | $3.8M | — | as long as short |
| Hyperliquid PENGU | −0.091% | +0.0100% | 1h | $8.4M | $6.7M | 5x | as long as short |
| Aster PENGUUSDT | −0.087% | +0.0100% | 4h | $176K | $326K | 20x | as long as short |
| Bybit PENGUUSDTshort | −0.080% | +0.0100% | 4h | $22.1M | $22.6M | 75x | |
| GMX PENGU/USD [WBTC.b-USDC] | −0.069% | L +0.0484% / S −0.0531% | 1h | $112K | — | 100x | as long as short |
| Extended PENGU-USD | −0.052% | +0.0104% | 1h | $193K | $665K | 10x | as long as short |
| gTrade (Gains Network) PENGU/USD | −0.047% | L +0.0007% / S −0.0003% | 1h | $34K | — | 150x | as long as short |
| SoDEX PENGU-USD | −0.046% | +0.0100% | 1h | $990 | $14K | 5x | as long as short |
| Aevo PENGU-PERP | −0.034% | +0.0104% | 1h | $202K | $17K | 3x | as long as short |
| Orderly PERP_PENGU_USDC | −0.023% | +0.0098% | 4h | $21K | $179K | 20x | as long as short |
| Binance PENGUUSDT | −0.003% | +0.0100% | 4h | $37.6M | $112.1M | 75x | as long as short |
| OKX PENGU-USDT-SWAP | 0.000% | +0.0100% | 4h | $7.7M | $36.8M | 50x | as long as short |
| Deribit PENGU_USDC-PERPETUALlong | 0.000% | 0.0000% | 1h | $22K | $4K | 10x | |
| Lighter PENGU | +0.023% | +0.0096% | 1h | $304K | $450K | 8x | as long as short |
| Bitget PENGUUSDT | +0.023% | +0.0100% | 4h | $8.7M | $8.3M | 75x | as long as short |
| HTX PENGU-USDT | +0.046% | +0.0100% | 4h | $97K | $182K | 25x | as long as short |
| Kraken Futures PF_PENGUUSD | +0.063% | +0.0519% | 1h | $368K | $813K | 50x | as long as short |
| Coinbase International PENGU-PERP-INTX | +0.560% | +0.2520% | 1h | $93K | $135K | 50x | as long as short |
| SunX PENGU-USDT | +2.377% | +0.0100% | 4h | $2K | $1.9M | 10x | as long as short |
| Injective PENGU/USDC PERP | +4.446% | +0.0033% | 1h | $3K | $116K | 5.5x | as long as short |