Spread before costs (cost unknown: a leg has no order-book sample)+0.031%
7d average—if it closes, per $10,000$3funding while held, a day+$3.00
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | dYdX PENGU-USD | 0.008701 | 0 | get 0.0000% / 1h | 17m 38s | $10K | $1K | 5x |
| Short | Hyperliquid PENGU | 0.008704 | 0.0100 | get 0.0013% / 1h | 17m 38s | $8.4M | $6.7M | 5x |
dYdX PENGU-USD
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
- $3.09
- Funding while held
- $3
- Slippage, 4 orders
- no order book: not counted
- Fee dYdX: 5 bp × 2 orders
- −$10
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- −$12.91
- Spread needed to break even
- 0.190%
Slippage unknown: dYdX: no order-book sample; Hyperliquid: live order book, 6 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 dYdX no order-book sample | — | — | — | — | — |
| Sell Hyperliquid live order book, 6 min ago | 1.74 bp | 9.4 bp −$9 | 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.Variational Omni0.008555cheapestApeX Omni0.008610+0.646%BloFin0.008658+1.207%Reya0.008660+1.235%01 Exchange0.008661+1.242%Nado0.008662+1.253%GMX0.008673+1.382%gTrade (Gains Network)0.008678+1.443%Bybit0.008682+1.487%Aevo0.008682+1.487%HTX0.008682+1.487%Extended0.008683+1.495%SoDEX0.008683+1.499%OKX0.008684+1.511%MEXC0.008686+1.534%BingX0.008686+1.534%Orderly0.008686+1.534%Deribit0.008687+1.546%Backpack0.008689+1.569%Arcus0.008690+1.581%Gate0.008690+1.581%Binance0.008691+1.588%Pacifica0.008691+1.592%Bitget0.008691+1.592%Lighter0.008693+1.616%Kraken Futures0.008694+1.627%Aster0.008694+1.629%KuCoin0.008701+1.709%
Variational Omni
ApeX Omni
BloFin
Reya
Nado
GMX
gTrade (Gains Network)
Bybit
Aevo
HTX
Extended
SoDEX
OKX
MEXC
BingX
Orderly
Deribit
Backpack
Arcus
Gate
Binance
Pacifica
Bitget
Lighter
Kraken Futures
Aster
KuCoindYdX0.008701+1.713%
Hyperliquid0.008704+1.744%
Coinbase International0.008729+2.037%SunX0.008894+3.965%
Coinbase International
SunXInjective0.009138+6.818%
InjectivePENGU on 33 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Variational Omni PENGU | −1.684% | +0.0100% | 4h | $670K | $335K | — | as long as short |
| ApeX Omni PENGUUSDT | −1.049% | +0.0100% | 1h | $75K | $251K | 50x | as long as short |
| BloFin PENGU-USDT | −0.498% | +0.0340% | 4h | $1.5M | $924K | 75x | as long as short |
| Reya PENGURUSDPERP | −0.470% | +0.0235% | 1h | $292 | — | 10x | as long as short |
| 01 Exchange PENGUUSD | −0.463% | −0.0080% | 1h | $167 | $28 | 5x | as long as short |
| Nado PENGU-PERP | −0.452% | +0.0100% | 1h | $223K | $310K | 5x | as long as short |
| GMX PENGU/USD [WBTC.b-USDC] | −0.325% | L +0.0478% / S −0.0525% | 1h | $110K | — | 100x | as long as short |
| gTrade (Gains Network) PENGU/USD | −0.266% | L +0.0007% / S −0.0003% | 1h | $33K | — | 150x | as long as short |
| Bybit PENGUUSDT | −0.222% | +0.0100% | 4h | $21.8M | $22.4M | 75x | as long as short |
| Aevo PENGU-PERP | −0.222% | +0.0104% | 1h | $201K | $17K | 3x | as long as short |
Show all 33 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| HTX PENGU-USDT | −0.222% | +0.0100% | 4h | $96K | $183K | 25x | as long as short |
| Extended PENGU-USD | −0.214% | +0.0104% | 1h | $192K | $665K | 10x | as long as short |
| SoDEX PENGU-USD | −0.210% | +0.0100% | 1h | $990 | $14K | 5x | as long as short |
| OKX PENGU-USDT-SWAP | −0.199% | +0.0100% | 4h | $7.6M | $36.1M | 50x | as long as short |
| MEXC PENGU_USDT | −0.176% | +0.0100% | 4h | $13.8M | $9.9M | 125x | as long as short |
| BingX PENGU-USDT | −0.176% | +0.0100% | 4h | — | $3.8M | — | as long as short |
| Orderly PERP_PENGU_USDC | −0.176% | +0.0098% | 4h | $21K | $179K | 20x | as long as short |
| Deribit PENGU_USDC-PERPETUAL | −0.164% | 0.0000% | 1h | $22K | $4K | 10x | as long as short |
| Backpack PENGU_USDC_PERP | −0.141% | −0.0150% | 1h | $304K | $278K | 10x | as long as short |
| Arcus PENGU-USD | −0.130% | +0.0100% | 1h | $4K | $9K | 5x | as long as short |
| Gate PENGU_USDT | −0.130% | +0.0100% | 4h | $3.8M | $9.9M | 75x | as long as short |
| Binance PENGUUSDT | −0.123% | +0.0100% | 4h | $37.2M | $110.8M | 75x | as long as short |
| Pacifica PENGU | −0.119% | +0.0100% | 1h | $204K | $125K | 5x | as long as short |
| Bitget PENGUUSDT | −0.119% | +0.0100% | 4h | $8.6M | $8.2M | 75x | as long as short |
| Lighter PENGU | −0.096% | +0.0096% | 1h | $301K | $449K | 8x | as long as short |
| Kraken Futures PF_PENGUUSD | −0.085% | +0.0523% | 1h | $369K | $804K | 50x | as long as short |
| Aster PENGUUSDT | −0.082% | +0.0100% | 4h | $175K | $322K | 20x | as long as short |
| KuCoin PENGUUSDTM | −0.004% | +0.0100% | 4h | $5.0M | $6.7M | 75x | as long as short |
| dYdX PENGU-USDlong | 0.000% | 0.0000% | 1h | $10K | $1K | 5x | |
| Hyperliquid PENGUshort | +0.031% | +0.0100% | 1h | $8.4M | $6.7M | 5x | |
| Coinbase International PENGU-PERP-INTX | +0.318% | +0.2520% | 1h | $92K | $133K | 50x | as long as short |
| SunX PENGU-USDT | +2.214% | +0.0100% | 4h | $3K | $1.9M | 10x | as long as short |
| Injective PENGU/USDC PERP | +5.019% | +0.0033% | 1h | $3K | $116K | 5.5x | as long as short |