Spread before costs (cost unknown: a leg has no order-book sample)+0.104%
7d average—if it closes, per $10,000$10funding while held, a day−$3.00
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Gate PENGU_USDT | 0.008694 | 0.0100 | pay 0.0050% / 4h | 14m 14s | $3.8M | $10.0M | 75x |
| Short | Deribit PENGU_USDC-PERPETUAL | 0.008703 | 0 | get 0.0000% / 1h | 14m 14s | $22K | $4K | 10x |
Gate PENGU_USDT
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
- $10.35
- Funding while held
- −$3
- Slippage, 4 orders
- no order book: not counted
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- −$14.65
- Spread needed to break even
- 0.220%
Slippage unknown: Gate: live order book, 1 min ago; Deribit: no order-book sample. 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 Gate live order book, 1 min ago | 3.45 bp | 14.3 bp −$14 | 39.2 bp −$392 | doesn't fit | doesn't fit |
| Sell Deribit no order-book sample | — | — | — | — | — |
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.ApeX Omni0.008654cheapestVariational Omni0.008663+0.101%BloFin0.008690+0.416%BingX0.008692+0.439%
ApeX Omni
Variational Omni
BloFin
BingXGate0.008694+0.462%
Bybit0.008696+0.485%dYdX0.008698+0.503%MEXC0.008698+0.508%01 Exchange0.008699+0.520%Backpack0.008699+0.520%Arcus0.008700+0.532%Aevo0.008700+0.532%SoDEX0.008700+0.532%Extended0.008701+0.538%Reya0.008701+0.540%Nado0.008701+0.543%OKX0.008701+0.543%KuCoin0.008701+0.543%Pacifica0.008702+0.555%GMX0.008702+0.555%Lighter0.008703+0.566%
Bybit
dYdX
MEXC
Backpack
Arcus
Aevo
SoDEX
Extended
Reya
Nado
OKX
KuCoin
Pacifica
GMX
LighterDeribit0.008703+0.566%
gTrade (Gains Network)0.008704+0.574%Aster0.008704+0.575%Hyperliquid0.008704+0.578%Binance0.008704+0.580%Orderly0.008705+0.589%Bitget0.008709+0.636%Kraken Futures0.008714+0.690%HTX0.008714+0.693%Coinbase International0.008774+1.387%SunX0.008914+3.004%
gTrade (Gains Network)
Aster
Hyperliquid
Binance
Orderly
Bitget
Kraken Futures
HTX
Coinbase International
SunXInjective0.009138+5.593%
InjectivePENGU on 33 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| ApeX Omni PENGUUSDT | −0.460% | +0.0100% | 1h | $75K | $250K | 50x | as long as short |
| Variational Omni PENGU | −0.359% | +0.0100% | 4h | $677K | $335K | — | as long as short |
| BloFin PENGU-USDT | −0.046% | +0.0340% | 4h | $1.5M | $928K | 75x | as long as short |
| BingX PENGU-USDC | −0.023% | +0.0100% | 4h | — | $2.3M | — | as long as short |
| Gate PENGU_USDTlong | 0.000% | +0.0100% | 4h | $3.8M | $10.0M | 75x | |
| Bybit PENGUUSDT | +0.023% | +0.0100% | 4h | $21.9M | $22.5M | 75x | as long as short |
| dYdX PENGU-USD | +0.040% | 0.0000% | 1h | $10K | $1K | 5x | as long as short |
| MEXC PENGU_USDT | +0.046% | +0.0100% | 4h | $13.9M | $10.0M | 125x | as long as short |
| 01 Exchange PENGUUSD | +0.058% | −0.0080% | 1h | $168 | $28 | 5x | as long as short |
| Backpack PENGU_USDC_PERP | +0.058% | −0.0130% | 1h | $305K | $282K | 10x | as long as short |