data as of
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Price arb /

PENGU

all PENGU markets
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Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

Spread before costs (cost unknown: a leg has no order-book sample)+0.046%
7d average—if it closes, per $10,000$5funding while held, a day−$8.76
Long on GMXShort on KuCoin
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongGMX PENGU/USD [WBTC.b-USDC]0.008732L +0.0392% / S −0.0366%pay 0.0049% / 1h50m 19s$86K—100x
ShortKuCoin PENGUUSDTM0.0087360.0100get 0.0050% / 4h50m 19s$4.8M$6.5M75x

Price spread history

latest
Range statsloading…

How often the spread is this wide

share of time at each level, last 7D

Backtest

opened in the past, held until now, after costs
Backtest 7 daysBacktest 30 daysBacktest 90 daysopens the backtester with this pair and $10,000 a leg

Profit calculator

Spread captured
$4.58
Funding while held
−$8.76
Slippage, 4 orders
no order book: not counted
Fee GMX: 6 bp × 2 orders
−$12
Fee KuCoin: 6 bp × 2 orders
−$12
Net
−$28.18
Spread needed to break even
0.240%
Slippage unknown: GMX: no order-book sample; KuCoin: live order book, 4 min ago. Net counts fees only.

Cost of waiting

funding view
Funding /8h
−0.0292%
Per $10,000 a day
−$8.76
Average in range /8h
—

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy GMX no order-book sample—————
Sell KuCoin live order book, 4 min ago2.32 bp18.0 bp −$1848.2 bp −$482doesn't fitdoesn't fit
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.
Injective0.007874cheapest
ApeX Omni0.008632+9.627%Variational Omni0.008685+10.305%Bybit0.008712+10.643%Binance0.008720+10.742%SoDEX0.008726+10.820%Aevo0.008727+10.833%Extended0.008727+10.833%Lighter0.008729+10.859%BingX0.008730+10.871%Orderly0.008730+10.871%Deribit0.008731+10.884%OKX0.008732+10.897%01 Exchange0.008732+10.897%
GMX0.008732+10.897%
Kraken Futures0.008732+10.900%Gate0.008733+10.909%Backpack0.008733+10.909%BloFin0.008733+10.909%gTrade (Gains Network)0.008733+10.916%Reya0.008734+10.925%
KuCoin0.008736+10.947%
MEXC0.008737+10.960%Bitget0.008737+10.960%Pacifica0.008738+10.973%Nado0.008738+10.979%dYdX0.008740+10.997%Arcus0.008740+10.998%Aster0.008740+11.001%Hyperliquid0.008742+11.024%Coinbase International0.008753+11.163%HTX0.008761+11.265%SunX0.008937+13.500%

PENGU on 33 venues

cheapest first. Swap a leg.
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Injective PENGU/USDC PERP−9.826%+0.0033%1h$3K$116K5.5xas long as short
ApeX Omni PENGUUSDT−1.145%+0.0100%1h$75K$250K50xas long as short
Variational Omni PENGU−0.534%+0.0100%4h$702K$299K—as long as short
Bybit PENGUUSDT−0.229%+0.0100%4h$21.7M$21.1M75xas long as short
Binance PENGUUSDT−0.139%+0.0100%4h$37.6M$103.9M75xas long as short
SoDEX PENGU-USD−0.069%+0.0100%1h$988$14K5xas long as short
Aevo PENGU-PERP−0.057%+0.0104%1h$202K$17K3xas long as short
Extended PENGU-USD−0.057%+0.0104%1h$193K$665K10xas long as short
Lighter PENGU−0.034%+0.0096%1h$304K$441K8xas long as short
BingX PENGU-USDC−0.023%+0.0100%4h—$2.3M—as long as short
Show all 33 venues
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Orderly PERP_PENGU_USDC−0.023%+0.0096%4h$17K$175K20xas long as short
Deribit PENGU_USDC-PERPETUAL−0.011%−0.0093%1h$22K$4K10xas long as short
OKX PENGU-USDT-SWAP0.000%+0.0100%4h$7.6M$33.9M50xas long as short
01 Exchange PENGUUSD0.000%−0.0072%1h$168$285xas long as short
GMX PENGU/USD [WBTC.b-USDC]long0.000%L +0.0392% / S −0.0366%1h$86K—100x
Kraken Futures PF_PENGUUSD+0.003%+0.0520%1h$373K$765K50xas long as short
Gate PENGU_USDT+0.011%+0.0100%4h$3.8M$8.5M75xas long as short
Backpack PENGU_USDC_PERP+0.011%+0.0100%1h$302K$265K10xas long as short
BloFin PENGU-USDT+0.011%+0.0340%4h$1.5M$883K75xas long as short
gTrade (Gains Network) PENGU/USD+0.017%L +0.0007% / S −0.0003%1h$33K—150xas long as short
Reya PENGURUSDPERP+0.025%+0.0235%1h$295—10xas long as short
KuCoin PENGUUSDTMshort+0.046%+0.0100%4h$4.8M$6.5M75x
MEXC PENGU_USDT+0.057%+0.0100%4h$12.2M$9.0M125xas long as short
Bitget PENGUUSDT+0.057%+0.0100%4h$8.6M$7.7M75xas long as short
Pacifica PENGU+0.069%+0.0100%1h$205K$124K5xas long as short
Nado PENGU-PERP+0.074%+0.0055%1h$224K$291K5xas long as short
dYdX PENGU-USD+0.090%0.0000%1h$10K$1K5xas long as short
Arcus PENGU-USD+0.092%+0.0100%1h$4K$9K5xas long as short
Aster PENGUUSDT+0.094%+0.0100%4h$177K$317K20xas long as short
Hyperliquid PENGU+0.115%+0.0100%1h$8.3M$6.3M5xas long as short
Coinbase International PENGU-PERP-INTX+0.240%+0.2520%1h$85K$188K50xas long as short
HTX PENGU-USDT+0.332%+0.0100%4h$97K$183K25xas long as short
SunX PENGU-USDT+2.348%+0.0100%4h$3K$1.7M10xas long as short