Spread before costs (cost unknown: a leg has no order-book sample)−0.254%
7d average—if it closes, per $10,000$25funding while held, a day−$8.70
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | GMX PENGU/USD [WBTC.b-USDC] | 0.008662 | L +0.0390% / S −0.0364% | pay 0.0049% / 1h | 52m 03s | $85K | — | 100x |
| Short | Arcus PENGU-USD | 0.008640 | 0.0100 | get 0.0013% / 1h | 52m 03s | $4K | $9K | 5x |
GMX PENGU/USD [WBTC.b-USDC]
Arcus PENGU-USDPrice 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
- −$25.4
- Funding while held
- −$8.7
- Slippage, 4 orders
- no order book: not counted
- Fee GMX: 6 bp × 2 orders
- −$12
- Fee Arcus: 2.25 bp × 2 orders
- −$4.5
- Net
- −$50.6
- Spread needed to break even
- 0.165%
Slippage unknown: GMX: no order-book sample; Arcus: no order-book sample. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- −0.0290%
- Per $10,000 a day
- −$8.70
- 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 GMX no order-book sample | — | — | — | — | — |
| Sell Arcus no order-book sample | — | — | — | — | — |
GMX and Arcus: 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.Injective0.007874cheapest
Variational Omni0.008596+9.172%BloFin0.008604+9.271%Pacifica0.008632+9.627%ApeX Omni0.008632+9.627%dYdX0.008634+9.649%
Injective
Variational Omni
BloFin
Pacifica
ApeX Omni
dYdXArcus0.008640+9.728%
01 Exchange0.008652+9.881%HTX0.008652+9.881%Nado0.008655+9.919%Orderly0.008655+9.919%Aevo0.008657+9.944%gTrade (Gains Network)0.008657+9.949%Reya0.008658+9.960%Deribit0.008659+9.970%
HTX
Nado
Orderly
Aevo
gTrade (Gains Network)
Reya
DeribitGMX0.008662+10.008%
Aster0.008663+10.025%SoDEX0.008665+10.046%Kraken Futures0.008668+10.084%Lighter0.008671+10.122%BingX0.008671+10.122%Gate0.008675+10.173%Backpack0.008677+10.198%Hyperliquid0.008681+10.249%Bybit0.008684+10.287%Binance0.008687+10.322%OKX0.008687+10.325%KuCoin0.008689+10.351%Extended0.008692+10.386%MEXC0.008694+10.414%Bitget0.008699+10.478%Coinbase International0.008702+10.516%SunX0.008877+12.738%
Aster
SoDEX
Kraken Futures
Lighter
BingX
Gate
Backpack
Hyperliquid
Bybit
Binance
OKX
KuCoin
Extended
MEXC
Bitget
Coinbase International
SunXPENGU on 33 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Injective PENGU/USDC PERP | −9.097% | +0.0033% | 1h | $3K | $116K | 5.5x | as long as short |
| Variational Omni PENGU | −0.760% | +0.0100% | 4h | $695K | $293K | — | as long as short |
| BloFin PENGU-USDT | −0.670% | +0.0340% | 4h | $1.5M | $872K | 75x | as long as short |
| Pacifica PENGU | −0.346% | +0.0100% | 1h | $203K | $124K | 5x | as long as short |
| ApeX Omni PENGUUSDT | −0.346% | +0.0100% | 1h | $75K | $250K | 50x | as long as short |
| dYdX PENGU-USD | −0.326% | 0.0000% | 1h | $10K | $1K | 5x | as long as short |
| Arcus PENGU-USDshort | −0.254% | +0.0100% | 1h | $4K | $9K | 5x | |
| 01 Exchange PENGUUSD | −0.115% | −0.0088% | 1h | $167 | $28 | 5x | as long as short |
| HTX PENGU-USDT | −0.115% | +0.0100% | 4h | $96K | $183K | 25x | as long as short |
| Nado PENGU-PERP | −0.081% | +0.0100% | 1h | $222K | $291K | 5x | as long as short |