Spread before costs (cost unknown: a leg has no order-book sample)−0.381%
7d average—if it closes, per $10,000$38funding while held, a day−$2.88
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | dYdX PENGU-USD | 0.008706 | 0 | get 0.0000% / 1h | 6m 37s | $10K | $1K | 5x |
| Short | Deribit PENGU_USDC-PERPETUAL | 0.008673 | −0.0096 | pay 0.0012% / 1h | 6m 37s | $21K | $6K | 10x |
dYdX PENGU-USD
Deribit PENGU_USDC-PERPETUALPrice 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
- −$38.08
- Funding while held
- −$2.88
- Slippage, 4 orders
- no order book: not counted
- Fee dYdX: 5 bp × 2 orders
- −$10
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- −$57.96
- Spread needed to break even
- 0.170%
Slippage unknown: dYdX: no order-book sample; Deribit: no order-book sample. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- −0.0096%
- Per $10,000 a day
- −$2.88
- 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 Deribit no order-book sample | — | — | — | — | — |
dYdX and 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.Orderly0.008672cheapest
OrderlyDeribit0.008673+0.012%
Aevo0.008675+0.035%Arcus0.008680+0.092%Backpack0.008682+0.115%gTrade (Gains Network)0.008682+0.118%Reya0.008684+0.142%01 Exchange0.008685+0.150%GMX0.008685+0.150%HTX0.008686+0.161%Kraken Futures0.008688+0.182%Nado0.008688+0.190%BloFin0.008690+0.208%SoDEX0.008700+0.323%Gate0.008703+0.357%BingX0.008706+0.392%
Aevo
Arcus
Backpack
gTrade (Gains Network)
Reya
GMX
HTX
Kraken Futures
Nado
BloFin
SoDEX
Gate
BingXdYdX0.008706+0.394%
Aster0.008709+0.423%Bybit0.008709+0.427%Binance0.008710+0.438%KuCoin0.008710+0.438%Pacifica0.008712+0.461%Extended0.008712+0.467%Lighter0.008713+0.473%MEXC0.008713+0.473%Hyperliquid0.008715+0.496%OKX0.008715+0.496%Bitget0.008718+0.530%ApeX Omni0.008718+0.530%Variational Omni0.008742+0.808%Coinbase International0.008822+1.730%SunX0.008888+2.491%Injective0.009138+5.374%
Aster
Bybit
Binance
KuCoin
Pacifica
Extended
Lighter
MEXC
Hyperliquid
OKX
Bitget
ApeX Omni
Variational Omni
Coinbase International
SunX
InjectivePENGU on 33 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Orderly PERP_PENGU_USDC | −0.392% | +0.0098% | 4h | $21K | $179K | 20x | as long as short |
| Deribit PENGU_USDC-PERPETUALshort | −0.381% | −0.0096% | 1h | $21K | $6K | 10x | |
| Aevo PENGU-PERP | −0.358% | +0.0104% | 1h | $200K | $17K | 3x | as long as short |
| Arcus PENGU-USD | −0.300% | +0.0100% | 1h | $4K | $9K | 5x | as long as short |
| Backpack PENGU_USDC_PERP | −0.277% | −0.0084% | 1h | $304K | $282K | 10x | as long as short |
| gTrade (Gains Network) PENGU/USD | −0.275% | L +0.0007% / S −0.0003% | 1h | $33K | — | 150x | as long as short |
| Reya PENGURUSDPERP | −0.251% | +0.0235% | 1h | $293 | — | 10x | as long as short |
| 01 Exchange PENGUUSD | −0.243% | −0.0088% | 1h | $167 | $28 | 5x | as long as short |
| GMX PENGU/USD [WBTC.b-USDC] | −0.243% | L +0.0401% / S −0.0384% | 1h | $89K | — | 100x | as long as short |
| HTX PENGU-USDT | −0.231% | +0.0100% | 4h | $96K | $182K | 25x | as long as short |
Show all 33 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Kraken Futures PF_PENGUUSD | −0.211% | +0.0523% | 1h | $368K | $818K | 50x | as long as short |
| Nado PENGU-PERP | −0.203% | +0.0100% | 1h | $597K | $565K | 5x | as long as short |
| BloFin PENGU-USDT | −0.186% | +0.0340% | 4h | $1.5M | $937K | 75x | as long as short |
| SoDEX PENGU-USD | −0.071% | +0.0100% | 1h | $982 | $14K | 5x | as long as short |
| Gate PENGU_USDT | −0.036% | +0.0088% | 4h | $3.8M | $10.2M | 75x | as long as short |
| BingX PENGU-USDC | −0.002% | +0.0100% | 4h | — | $2.3M | — | as long as short |
| dYdX PENGU-USDlong | 0.000% | 0.0000% | 1h | $10K | $1K | 5x | |
| Aster PENGUUSDT | +0.029% | +0.0100% | 4h | $170K | $326K | 20x | as long as short |
| Bybit PENGUUSDT | +0.033% | +0.0100% | 4h | $22.0M | $22.7M | 75x | as long as short |
| Binance PENGUUSDT | +0.044% | +0.0100% | 4h | $37.4M | $113.0M | 75x | as long as short |
| KuCoin PENGUUSDTM | +0.044% | +0.0100% | 4h | $5.0M | $6.8M | 75x | as long as short |
| Pacifica PENGU | +0.067% | +0.0100% | 1h | $205K | $126K | 5x | as long as short |
| Extended PENGU-USD | +0.073% | +0.0104% | 1h | $192K | $665K | 10x | as long as short |
| Lighter PENGU | +0.079% | +0.0096% | 1h | $305K | $452K | 8x | as long as short |
| MEXC PENGU_USDT | +0.079% | +0.0100% | 4h | $13.5M | $10.1M | 125x | as long as short |
| Hyperliquid PENGU | +0.102% | +0.0100% | 1h | $8.4M | $6.7M | 5x | as long as short |
| OKX PENGU-USDT-SWAP | +0.102% | +0.0100% | 4h | $7.7M | $36.9M | 50x | as long as short |
| Bitget PENGUUSDT | +0.136% | +0.0100% | 4h | $8.7M | $8.3M | 75x | as long as short |
| ApeX Omni PENGUUSDT | +0.136% | +0.0100% | 1h | $75K | $251K | 50x | as long as short |
| Variational Omni PENGU | +0.413% | +0.0100% | 4h | $685K | $341K | — | as long as short |
| Coinbase International PENGU-PERP-INTX | +1.331% | +0.2520% | 1h | $93K | $135K | 50x | as long as short |
| SunX PENGU-USDT | +2.089% | +0.0100% | 4h | $3K | $1.9M | 10x | as long as short |
| Injective PENGU/USDC PERP | +4.960% | +0.0033% | 1h | $3K | $116K | 5.5x | as long as short |