Spread before costs (cost unknown: a leg has no order-book sample)+0.221%
7d average—if it closes, per $10,000$22funding 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 | 0.008591 | 0 | get 0.0000% / 1h | 41m 17s | $19K | $7K | 10x |
| Short | Hyperliquid PENGU | 0.008610 | 0.0100 | get 0.0013% / 1h | 41m 17s | $9.5M | $11.6M | 5x |
Deribit PENGU_USDC-PERPETUAL
Hyperliquid PENGUPrice 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
- $22.12
- Funding while held
- $3
- Slippage, 4 orders
- no order book: not counted
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- $9.12
- Spread needed to break even
- 0.160%
Slippage unknown: Deribit: no order-book sample; Hyperliquid: 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 Hyperliquid live order book, 3 min ago | 0.58 bp | 6.6 bp −$7 | 13.8 bp −$138 | 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.Bybit0.008588cheapestAevo0.008589+0.012%SoDEX0.008589+0.012%Extended0.008590+0.023%BingX0.008591+0.035%
Bybit
Aevo
SoDEX
Extended
BingXDeribit0.008591+0.035%
BloFin0.008593+0.058%Binance0.008595+0.082%Orderly0.008595+0.082%Pacifica0.008596+0.093%Gate0.008596+0.093%Backpack0.008596+0.093%Lighter0.008598+0.116%Bitget0.008598+0.116%GMX0.008599+0.128%OKX0.008600+0.140%Arcus0.008600+0.140%gTrade (Gains Network)0.008600+0.141%dYdX0.008601+0.154%Kraken Futures0.008602+0.163%Nado0.008602+0.163%MEXC0.008603+0.175%Reya0.008604+0.185%Aster0.008608+0.235%KuCoin0.008609+0.245%
BloFin
Binance
Orderly
Pacifica
Gate
Backpack
Lighter
Bitget
GMX
OKX
Arcus
gTrade (Gains Network)
dYdX
Kraken Futures
Nado
MEXC
Reya
Aster
KuCoinHyperliquid0.008610+0.256%
01 Exchange0.008617+0.338%HTX0.008617+0.338%ApeX Omni0.008644+0.652%Variational Omni0.008677+1.034%Injective0.008792+2.375%SunX0.008806+2.538%Coinbase International0.008808+2.562%
HTX
ApeX Omni
Variational Omni
Injective
SunX
Coinbase InternationalPENGU on 33 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Bybit PENGUUSDT | −0.035% | +0.0100% | 4h | $21.8M | $26.8M | 75x | as long as short |
| Aevo PENGU-PERP | −0.023% | +0.0104% | 1h | $198K | $17K | 3x | as long as short |
| SoDEX PENGU-USD | −0.023% | +0.0100% | 1h | $958 | $14K | 5x | as long as short |
| Extended PENGU-USD | −0.012% | +0.0104% | 1h | $177K | $676K | 10x | as long as short |
| BingX PENGU-USDC | 0.000% | +0.0100% | 4h | — | $2.3M | — | as long as short |
| Deribit PENGU_USDC-PERPETUALlong | 0.000% | 0.0000% | 1h | $19K | $7K | 10x | |
| BloFin PENGU-USDT | +0.023% | +0.0340% | 4h | $1.5M | $1.5M | 75x | as long as short |
| Binance PENGUUSDT | +0.047% | +0.0100% | 4h | $36.5M | $126.9M | 75x | as long as short |
| Orderly PERP_PENGU_USDC | +0.047% | +0.0098% | 4h | $16K | $183K | 20x | as long as short |
| Pacifica PENGU | +0.058% | +0.0100% | 1h | $201K | $130K | 5x | as long as short |