Spread before costs (cost unknown: a leg has no order-book sample)+0.077%
7d average—if it closes, per $10,000$8funding while held, a day+$2.79
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | gTrade (Gains Network) PENGU/USD | 0.008719 | L +0.0007% / S −0.0003% | pay 0.0001% / 1h | 36m 51s | $33K | — | 150x |
| Short | Backpack PENGU_USDC_PERP | 0.008726 | 0.0100 | get 0.0013% / 1h | 36m 51s | $308K | $305K | 10x |
gTrade (Gains Network) 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
- $7.66
- Funding while held
- $2.79
- Slippage, 4 orders
- no order book: not counted
- Fee gTrade (Gains Network): 5 bp × 2 orders
- −$10
- Fee Backpack: 5 bp × 2 orders
- −$10
- Net
- −$9.55
- Spread needed to break even
- 0.200%
Slippage unknown: gTrade (Gains Network): no order-book sample; Backpack: live order book, 63 min ago. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- +0.0093%
- Per $10,000 a day
- +$2.79
- 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 gTrade (Gains Network) no order-book sample | — | — | — | — | — |
| Sell Backpack live order book, 63 min ago | 0.58 bp | 12.5 bp −$12 | doesn't fit | doesn't fit | doesn't fit |
gTrade (Gains Network): 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 Omni0.008679cheapestGMX0.008717+0.439%Reya0.008719+0.457%Pacifica0.008719+0.462%01 Exchange0.008719+0.462%Gate0.008719+0.462%
Variational Omni
GMX
Reya
Pacifica
GategTrade (Gains Network)0.008719+0.466%
Arcus0.008720+0.474%Nado0.008720+0.474%dYdX0.008721+0.481%Bybit0.008722+0.497%BingX0.008722+0.497%KuCoin0.008723+0.508%Extended0.008723+0.510%OKX0.008724+0.520%MEXC0.008725+0.531%Aevo0.008725+0.531%BloFin0.008725+0.531%
Arcus
Nado
dYdX
Bybit
BingX
KuCoin
Extended
OKX
MEXC
Aevo
BloFinBackpack0.008726+0.543%
Orderly0.008726+0.543%Deribit0.008726+0.543%Aster0.008727+0.559%Binance0.008728+0.570%Bitget0.008729+0.577%SoDEX0.008729+0.577%HTX0.008729+0.577%Lighter0.008732+0.612%Kraken Futures0.008734+0.634%ApeX Omni0.008737+0.670%Hyperliquid0.008738+0.681%Injective0.008792+1.303%Coinbase International0.008859+2.075%SunX0.008933+2.928%
Orderly
Deribit
Aster
Binance
Bitget
SoDEX
HTX
Lighter
Kraken Futures
ApeX Omni
Hyperliquid
Injective
Coinbase International
SunXPENGU on 33 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Variational Omni PENGU | −0.464% | +0.0100% | 4h | $775K | $525K | — | as long as short |
| GMX PENGU/USD [WBTC.b-USDC] | −0.027% | L +0.0504% / S −0.0698% | 1h | $112K | — | 100x | as long as short |
| Reya PENGURUSDPERP | −0.009% | +0.0236% | 1h | $294 | — | 10x | as long as short |
| Pacifica PENGU | −0.004% | +0.0100% | 1h | $206K | $133K | 5x | as long as short |
| 01 Exchange PENGUUSD | −0.004% | +0.0168% | 1h | $199 | $59 | 5x | as long as short |
| Gate PENGU_USDT | −0.004% | −0.0094% | 4h | $3.6M | $12.9M | 75x | as long as short |
| gTrade (Gains Network) PENGU/USDlong | 0.000% | L +0.0007% / S −0.0003% | 1h | $33K | — | 150x | |
| Arcus PENGU-USD | +0.008% | +0.0100% | 1h | $19K | $23K | 5x | as long as short |
| Nado PENGU-PERP | +0.008% | +0.0100% | 1h | $635K | $684K | 5x | as long as short |
| dYdX PENGU-USD | +0.015% | 0.0000% | 1h | $12K | $5K | 5x | as long as short |