Spread before costs (cost unknown: a leg has no order-book sample)+0.056%
7d average—if it closes, per $10,000$6funding while held, a day+$9.93
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Deribit PENGU_USDC-PERPETUAL | 0.008657 | −0.0096 | get 0.0012% / 1h | 2m 41s | $20K | $6K | 10x |
| Short | Reya PENGURUSDPERP | 0.008662 | 0.0235 | get 0.0029% / 1h | 2m 41s | $292 | — | 10x |
Deribit PENGU_USDC-PERPETUAL
Reya PENGURUSDPERPPrice 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
- $5.56
- Funding while held
- $9.93
- Slippage, 4 orders
- no order book: not counted
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Fee Reya: 3 bp × 2 orders
- −$6
- Net
- $2.5
- Spread needed to break even
- 0.130%
Slippage unknown: Deribit: no order-book sample; Reya: no order-book sample. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- +0.0331%
- Per $10,000 a day
- +$9.93
- 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 Reya no order-book sample | — | — | — | — | — |
Deribit and Reya: 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.SoDEX0.008633cheapestBackpack0.008653+0.232%Aevo0.008656+0.266%
SoDEX
Backpack
AevoDeribit0.008657+0.278%
Aster0.008657+0.281%GMX0.008659+0.301%Orderly0.008659+0.301%gTrade (Gains Network)0.008661+0.321%BloFin0.008661+0.324%
Aster
GMX
Orderly
gTrade (Gains Network)
BloFinReya0.008662+0.334%
01 Exchange0.008664+0.359%Nado0.008667+0.400%Pacifica0.008669+0.417%Arcus0.008670+0.429%Kraken Futures0.008671+0.439%dYdX0.008673+0.458%HTX0.008679+0.533%ApeX Omni0.008682+0.568%Gate0.008703+0.811%Variational Omni0.008704+0.824%MEXC0.008713+0.927%KuCoin0.008717+0.973%Bybit0.008721+1.019%OKX0.008722+1.031%BingX0.008722+1.031%Extended0.008724+1.051%Lighter0.008726+1.077%Binance0.008727+1.088%Bitget0.008731+1.135%Hyperliquid0.008733+1.158%Coinbase International0.008807+2.016%SunX0.008867+2.711%
Nado
Pacifica
Arcus
Kraken Futures
dYdX
HTX
ApeX Omni
Gate
Variational Omni
MEXC
KuCoin
Bybit
OKX
BingX
Extended
Lighter
Binance
Bitget
Hyperliquid
Coinbase International
SunXInjective0.009138+5.850%
InjectivePENGU on 33 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| SoDEX PENGU-USD | −0.277% | +0.0100% | 1h | $977 | $14K | 5x | as long as short |
| Backpack PENGU_USDC_PERP | −0.046% | −0.0072% | 1h | $303K | $282K | 10x | as long as short |
| Aevo PENGU-PERP | −0.012% | +0.0104% | 1h | $200K | $17K | 3x | as long as short |
| Deribit PENGU_USDC-PERPETUALlong | 0.000% | −0.0096% | 1h | $20K | $6K | 10x | |
| Aster PENGUUSDT | +0.003% | +0.0100% | 4h | $169K | $326K | 20x | as long as short |
| GMX PENGU/USD [WBTC.b-USDC] | +0.023% | L +0.0401% / S −0.0384% | 1h | $88K | — | 100x | as long as short |
| Orderly PERP_PENGU_USDC | +0.023% | +0.0098% | 4h | $21K | $179K | 20x | as long as short |
| gTrade (Gains Network) PENGU/USD | +0.043% | L +0.0007% / S −0.0003% | 1h | $33K | — | 150x | as long as short |
| BloFin PENGU-USDT | +0.046% | +0.0340% | 4h | $1.5M | $935K | 75x | as long as short |
| Reya PENGURUSDPERPshort | +0.056% | +0.0235% | 1h | $292 | — | 10x |