Spread before costs (cost unknown: a leg has no order-book sample)+0.266%
7d average+0.053%if it closes, per $10,000$27funding while held, a day+$22.97
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Gate PENGU_USDT | 0.008640 | −0.0088 | get 0.0044% / 4h | 2h 34m | $3.6M | $12.8M | 75x |
| Short | GMX PENGU/USD [WBTC.b-USDC] | 0.008663 | L +0.0493% / S −0.0678% | get 0.0085% / 1h | 34m 39s | $109K | — | 100x |
Gate PENGU_USDT
GMX PENGU/USD [WBTC.b-USDC]Price 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
- $26.62
- Funding while held
- $22.97
- Slippage, 4 orders
- no order book: not counted
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee GMX: 6 bp × 2 orders
- −$12
- Net
- $22.59
- Spread needed to break even
- 0.270%
Slippage unknown: Gate: live order book, 5 min ago; GMX: no order-book sample. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- +0.0766%
- Per $10,000 a day
- +$22.97
- 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, 5 min ago | 2.91 bp | 16.6 bp −$17 | 42.9 bp −$429 | doesn't fit | doesn't fit |
| Sell GMX no order-book sample | — | — | — | — | — |
GMX: 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 Omni0.008610cheapestBybit0.008622+0.138%Extended0.008625+0.172%OKX0.008625+0.173%Binance0.008629+0.219%MEXC0.008630+0.231%Pacifica0.008632+0.254%Bitget0.008632+0.254%dYdX0.008633+0.260%ApeX Omni0.008633+0.265%
Variational Omni
Bybit
Extended
OKX
Binance
MEXC
Pacifica
Bitget
dYdX
ApeX OmniGate0.008640+0.347%
BingX0.008640+0.347%Lighter0.008641+0.358%KuCoin0.008643+0.382%Hyperliquid0.008644+0.393%Backpack0.008644+0.393%Aster0.008649+0.451%BloFin0.008651+0.474%SoDEX0.008653+0.498%Deribit0.008655+0.521%Nado0.008657+0.544%Aevo0.008657+0.544%Arcus0.008660+0.579%Orderly0.008660+0.579%Reya0.008661+0.587%Kraken Futures0.008661+0.590%
BingX
Lighter
KuCoin
Hyperliquid
Backpack
Aster
BloFin
SoDEX
Deribit
Nado
Aevo
Arcus
Orderly
Reya
Kraken FuturesGMX0.008663+0.614%
gTrade (Gains Network)0.008664+0.624%01 Exchange0.008669+0.684%HTX0.008676+0.765%Injective0.008792+2.112%Coinbase International0.008808+2.298%SunX0.008871+3.030%
gTrade (Gains Network)
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 | |
|---|---|---|---|---|---|---|---|
| Variational Omni PENGU | −0.346% | +0.0100% | 4h | $763K | $519K | — | as long as short |
| Bybit PENGUUSDT | −0.208% | +0.0100% | 4h | $21.9M | $26.8M | 75x | as long as short |
| Extended PENGU-USD | −0.175% | +0.0104% | 1h | $178K | $676K | 10x | as long as short |
| OKX PENGU-USDT-SWAP | −0.174% | +0.0100% | 4h | $7.7M | $39.7M | 50x | as long as short |
| Binance PENGUUSDT | −0.127% | +0.0100% | 4h | $36.6M | $127.0M | 75x | as long as short |
| MEXC PENGU_USDT | −0.116% | +0.0100% | 4h | $11.4M | $10.8M | 125x | as long as short |
| Pacifica PENGU | −0.093% | +0.0100% | 1h | $202K | $130K | 5x | as long as short |
| Bitget PENGUUSDT | −0.093% | +0.0100% | 4h | $8.4M | $9.6M | 75x | as long as short |
| dYdX PENGU-USD | −0.087% | 0.0000% | 1h | $11K | $5K | 5x | as long as short |
| ApeX Omni PENGUUSDT | −0.081% | −0.0094% | 1h | $79K | $253K | 50x | as long as short |