Spread before costs (cost unknown: a leg has no order-book sample)−0.074%
7d average—if it closes, per $10,000$7funding while held, a day+$2.84
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | dYdX PENGU-USD | 0.008636 | 0 | get 0.0000% / 1h | 38m 14s | $11K | $5K | 5x |
| Short | Backpack PENGU_USDC_PERP | 0.008630 | 0.0095 | get 0.0012% / 1h | 38m 14s | $306K | $309K | 10x |
dYdX PENGU-USD
Backpack PENGU_USDC_PERPPrice 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
- −$7.45
- Funding while held
- $2.84
- Slippage, 4 orders
- no order book: not counted
- Fee dYdX: 5 bp × 2 orders
- −$10
- Fee Backpack: 5 bp × 2 orders
- −$10
- Net
- −$24.61
- Spread needed to break even
- 0.200%
Slippage unknown: dYdX: no order-book sample; Backpack: live order book, 2 min ago. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- +0.0095%
- Per $10,000 a day
- +$2.84
- 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 dYdX no order-book sample | — | — | — | — | — |
| Sell Backpack live order book, 2 min ago | 0.58 bp | 12.5 bp −$12 | doesn't fit | doesn't fit | doesn't fit |
dYdX: 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%Gate0.008618+0.314%Bybit0.008620+0.338%BingX0.008620+0.338%Aevo0.008620+0.338%Extended0.008620+0.343%GMX0.008624+0.384%SoDEX0.008624+0.384%Deribit0.008624+0.384%Orderly0.008625+0.396%OKX0.008626+0.407%gTrade (Gains Network)0.008626+0.408%Reya0.008627+0.415%Binance0.008628+0.429%MEXC0.008628+0.431%KuCoin0.008630+0.454%
ApeX Omni
Variational Omni
Gate
Bybit
BingX
Aevo
Extended
GMX
SoDEX
Deribit
Orderly
OKX
gTrade (Gains Network)
Reya
Binance
MEXC
KuCoinBackpack0.008630+0.454%
BloFin0.008630+0.454%Lighter0.008631+0.466%Bitget0.008633+0.489%Kraken Futures0.008634+0.496%Nado0.008634+0.501%Aster0.008636+0.519%Hyperliquid0.008636+0.524%
BloFin
Lighter
Bitget
Kraken Futures
Nado
Aster
HyperliquiddYdX0.008636+0.529%
Pacifica0.008639+0.559%Arcus0.008640+0.570%01 Exchange0.008643+0.605%HTX0.008648+0.663%Injective0.008792+2.340%Coinbase International0.008808+2.526%SunX0.008830+2.782%
Pacifica
Arcus
HTX
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 | −0.526% | −0.0172% | 1h | $78K | $253K | 50x | as long as short |
| Variational Omni PENGU | −0.503% | +0.0100% | 4h | $760K | $519K | — | as long as short |
| Gate PENGU_USDT | −0.213% | −0.0096% | 4h | $3.6M | $12.8M | 75x | as long as short |
| Bybit PENGUUSDT | −0.190% | +0.0100% | 4h | $21.9M | $26.8M | 75x | as long as short |
| BingX PENGU-USDC | −0.190% | +0.0100% | 4h | — | $2.3M | — | as long as short |
| Aevo PENGU-PERP | −0.190% | +0.0104% | 1h | $199K | $17K | 3x | as long as short |
| Extended PENGU-USD | −0.185% | +0.0104% | 1h | $177K | $676K | 10x | as long as short |
| GMX PENGU/USD [WBTC.b-USDC] | −0.144% | L +0.0492% / S −0.0678% | 1h | $108K | — | 100x | as long as short |
| SoDEX PENGU-USD | −0.144% | +0.0100% | 1h | $967 | $14K | 5x | as long as short |
| Deribit PENGU_USDC-PERPETUAL | −0.144% | 0.0000% | 1h | $19K | $7K | 10x | as long as short |
Show all 33 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Orderly PERP_PENGU_USDC | −0.132% | +0.0098% | 4h | $16K | $183K | 20x | as long as short |
| OKX PENGU-USDT-SWAP | −0.121% | +0.0100% | 4h | $7.7M | $39.7M | 50x | as long as short |
| gTrade (Gains Network) PENGU/USD | −0.120% | L +0.0007% / S −0.0003% | 1h | $33K | — | 150x | as long as short |
| Reya PENGURUSDPERP | −0.113% | +0.0236% | 1h | $291 | — | 10x | as long as short |
| Binance PENGUUSDT | −0.099% | +0.0100% | 4h | $36.6M | $127.0M | 75x | as long as short |
| MEXC PENGU_USDT | −0.098% | +0.0100% | 4h | $11.4M | $10.8M | 125x | as long as short |
| KuCoin PENGUUSDTM | −0.074% | +0.0100% | 4h | $5.2M | $7.0M | 75x | as long as short |
| Backpack PENGU_USDC_PERPshort | −0.074% | +0.0095% | 1h | $306K | $309K | 10x | |
| BloFin PENGU-USDT | −0.074% | +0.0340% | 4h | $1.5M | $1.5M | 75x | as long as short |
| Lighter PENGU | −0.063% | +0.0096% | 1h | $308K | $480K | 8x | as long as short |
| Bitget PENGUUSDT | −0.040% | +0.0100% | 4h | $8.4M | $9.6M | 75x | as long as short |
| Kraken Futures PF_PENGUUSD | −0.032% | +0.0288% | 1h | $365K | $856K | 50x | as long as short |
| Nado PENGU-PERP | −0.028% | +0.0100% | 1h | $630K | $674K | 5x | as long as short |
| Aster PENGUUSDT | −0.010% | +0.0100% | 4h | $204K | $345K | 20x | as long as short |
| Hyperliquid PENGU | −0.005% | +0.0100% | 1h | $9.6M | $11.6M | 5x | as long as short |
| dYdX PENGU-USDlong | 0.000% | 0.0000% | 1h | $11K | $5K | 5x | |
| Pacifica PENGU | +0.030% | +0.0100% | 1h | $202K | $130K | 5x | as long as short |
| Arcus PENGU-USD | +0.041% | +0.0100% | 1h | $19K | $23K | 5x | as long as short |
| 01 Exchange PENGUUSD | +0.076% | +0.0128% | 1h | $167 | $28 | 5x | as long as short |
| HTX PENGU-USDT | +0.134% | +0.0100% | 4h | $100K | $211K | 25x | as long as short |
| Injective PENGU/USDC PERP | +1.801% | +0.4551% | 1h | $3K | $51K | 5.5x | as long as short |
| Coinbase International PENGU-PERP-INTX | +1.987% | +0.2968% | 1h | $93K | $128K | 50x | as long as short |
| SunX PENGU-USDT | +2.241% | +0.0100% | 4h | $3K | $2.0M | 10x | as long as short |