Spread before costs (cost unknown: a leg has no order-book sample)+4.252%
7d average—if it closes, per $10,000$425funding while held, a day+$87.36
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Deribit PENGU_USDC-PERPETUAL | 0.008585 | 0 | get 0.0000% / 1h | 20m 02s | $19K | $7K | 10x |
| Short | Coinbase International PENGU-PERP-INTX | 0.008950 | 0.2912 | get 0.0364% / 1h | 20m 02s | $95K | $133K | 50x |
Deribit PENGU_USDC-PERPETUAL
Coinbase International PENGU-PERP-INTXPrice 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
- $425.16
- Funding while held
- $87.36
- Slippage, 4 orders
- no order book: not counted
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Net
- $495.52
- Spread needed to break even
- 0.170%
Slippage unknown: Deribit: no order-book sample; Coinbase International: live order book, 24 min ago. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- +0.2912%
- Per $10,000 a day
- +$87.36
- 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 Coinbase International live order book, 24 min ago | 93.16 bp | 130.8 bp −$131 | 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.Gate0.008564cheapestBybit0.008567+0.035%BingX0.008572+0.093%Backpack0.008572+0.093%Binance0.008574+0.120%MEXC0.008576+0.140%KuCoin0.008576+0.140%Extended0.008576+0.144%OKX0.008578+0.163%Bitget0.008578+0.163%Nado0.008579+0.172%Arcus0.008580+0.187%Lighter0.008582+0.210%Aster0.008582+0.211%Orderly0.008584+0.234%gTrade (Gains Network)0.008584+0.236%Hyperliquid0.008585+0.245%Aevo0.008585+0.245%
Gate
Bybit
BingX
Backpack
Binance
MEXC
KuCoin
Extended
OKX
Bitget
Nado
Arcus
Lighter
Aster
Orderly
gTrade (Gains Network)
Hyperliquid
AevoDeribit0.008585+0.245%
01 Exchange0.008586+0.257%GMX0.008586+0.257%SoDEX0.008586+0.257%Kraken Futures0.008587+0.263%Reya0.008587+0.267%Pacifica0.008588+0.280%dYdX0.008592+0.324%Variational Omni0.008608+0.511%BloFin0.008614+0.584%HTX0.008622+0.677%ApeX Omni0.008702+1.611%SunX0.008787+2.604%Injective0.008792+2.662%
GMX
SoDEX
Kraken Futures
Reya
Pacifica
dYdX
Variational Omni
BloFin
HTX
ApeX Omni
SunX
InjectiveCoinbase International0.008950+4.507%
PENGU on 33 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Gate PENGU_USDT | −0.245% | −0.0120% | 4h | $3.6M | $12.3M | 75x | as long as short |
| Bybit PENGUUSDT | −0.210% | +0.0100% | 4h | $21.8M | $26.4M | 75x | as long as short |
| BingX PENGU-USDT | −0.151% | +0.0100% | 4h | — | $4.1M | — | as long as short |
| Backpack PENGU_USDC_PERP | −0.151% | +0.0100% | 1h | $307K | $307K | 10x | as long as short |
| Binance PENGUUSDT | −0.125% | +0.0100% | 4h | $36.6M | $125.3M | 75x | as long as short |
| MEXC PENGU_USDT | −0.105% | +0.0100% | 4h | $11.2M | $10.9M | 125x | as long as short |
| KuCoin PENGUUSDTM | −0.105% | +0.0100% | 4h | $5.1M | $7.0M | 75x | as long as short |
| Extended PENGU-USD | −0.101% | +0.0104% | 1h | $176K | $679K | 10x | as long as short |
| OKX PENGU-USDT-SWAP | −0.082% | +0.0100% | 4h | $7.5M | $39.4M | 50x | as long as short |
| Bitget PENGUUSDT | −0.082% | +0.0100% | 4h | $8.4M | $9.3M | 75x | as long as short |