Spread before costs (cost unknown: a leg has no order-book sample)−0.223%
7d average—if it closes, per $10,000$22funding while held, a day−$6.09
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | HTX PENGU-USDT | 0.008521 | 0.0100 | pay 0.0050% / 4h | 1h 03m | $95K | $181K | 25x |
| Short | Deribit PENGU_USDC-PERPETUAL | 0.008502 | −0.0103 | pay 0.0013% / 1h | 3m 17s | $21K | $4K | 10x |
HTX 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
- −$22.3
- Funding while held
- −$6.09
- Slippage, 4 orders
- no order book: not counted
- Fee HTX: 6 bp × 2 orders
- −$12
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- −$47.39
- Spread needed to break even
- 0.190%
Slippage unknown: HTX: live order book, 17 min ago; Deribit: no order-book sample. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- −0.0203%
- Per $10,000 a day
- −$6.09
- 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 HTX live order book, 17 min ago | 7.78 bp | 13.8 bp −$14 | doesn't fit | 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.Injective0.007874cheapest
Bybit0.008483+7.734%OKX0.008489+7.811%Orderly0.008490+7.823%Reya0.008492+7.846%Binance0.008492+7.851%MEXC0.008493+7.861%BingX0.008493+7.861%Aevo0.008493+7.861%gTrade (Gains Network)0.008494+7.872%Gate0.008494+7.874%KuCoin0.008494+7.874%GMX0.008494+7.874%Nado0.008494+7.880%Bitget0.008496+7.899%Backpack0.008496+7.899%SoDEX0.008499+7.938%Hyperliquid0.008500+7.950%Variational Omni0.008501+7.962%Extended0.008501+7.966%
Injective
Bybit
OKX
Orderly
Reya
Binance
MEXC
BingX
Aevo
gTrade (Gains Network)
Gate
KuCoin
GMX
Nado
Bitget
Backpack
SoDEX
Hyperliquid
Variational Omni
ExtendedDeribit0.008502+7.976%
dYdX0.008505+8.016%01 Exchange0.008507+8.039%Pacifica0.008508+8.052%Aster0.008508+8.057%Lighter0.008509+8.065%Kraken Futures0.008510+8.075%Arcus0.008510+8.077%
dYdX
Pacifica
Aster
Lighter
Kraken Futures
ArcusHTX0.008521+8.217%
ApeX Omni0.008530+8.331%BloFin0.008536+8.407%Coinbase International0.008559+8.700%SunX0.008704+10.541%
ApeX Omni
BloFin
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 | −7.593% | +0.0033% | 1h | $3K | $116K | 5.5x | as long as short |
| Bybit PENGUUSDT | −0.446% | +0.0100% | 4h | $21.0M | $20.3M | 75x | as long as short |
| OKX PENGU-USDT-SWAP | −0.376% | +0.0100% | 4h | $7.2M | $31.8M | 50x | as long as short |
| Orderly PERP_PENGU_USDC | −0.364% | +0.0096% | 4h | $16K | $175K | 20x | as long as short |
| Reya PENGURUSDPERP | −0.343% | +0.0235% | 1h | $287 | — | 10x | as long as short |
| Binance PENGUUSDT | −0.339% | +0.0100% | 4h | $36.3M | $99.1M | 75x | as long as short |
| MEXC PENGU_USDT | −0.329% | +0.0100% | 4h | $11.8M | $8.9M | 125x | as long as short |
| BingX PENGU-USDT | −0.329% | +0.0100% | 4h | — | $3.7M | — | as long as short |
| Aevo PENGU-PERP | −0.329% | +0.0104% | 1h | $196K | $17K | 3x | as long as short |
| gTrade (Gains Network) PENGU/USD | −0.319% | L +0.0007% / S −0.0003% | 1h | $33K | — | 150x | as long as short |
Show all 33 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Gate PENGU_USDT | −0.317% | +0.0100% | 4h | $3.6M | $7.9M | 75x | as long as short |
| KuCoin PENGUUSDTM | −0.317% | +0.0100% | 4h | $4.7M | $6.5M | 75x | as long as short |
| GMX PENGU/USD [WBTC.b-USDC] | −0.317% | L +0.0386% / S −0.0364% | 1h | $84K | — | 100x | as long as short |
| Nado PENGU-PERP | −0.311% | +0.0100% | 1h | $219K | $276K | 5x | as long as short |
| Bitget PENGUUSDT | −0.293% | +0.0100% | 4h | $8.4M | $7.5M | 75x | as long as short |
| Backpack PENGU_USDC_PERP | −0.293% | +0.0100% | 1h | $293K | $257K | 10x | as long as short |
| SoDEX PENGU-USD | −0.258% | +0.0100% | 1h | $960 | $14K | 5x | as long as short |
| Hyperliquid PENGU | −0.246% | +0.0100% | 1h | $8.2M | $6.2M | 5x | as long as short |
| Variational Omni PENGU | −0.236% | +0.0100% | 4h | $684K | $284K | — | as long as short |
| Extended PENGU-USD | −0.232% | +0.0104% | 1h | $163K | $638K | 10x | as long as short |
| Deribit PENGU_USDC-PERPETUALshort | −0.223% | −0.0103% | 1h | $21K | $4K | 10x | |
| dYdX PENGU-USD | −0.186% | +0.0515% | 1h | $10K | $998 | 5x | as long as short |
| 01 Exchange PENGUUSD | −0.164% | −0.0064% | 1h | $164 | $28 | 5x | as long as short |
| Pacifica PENGU | −0.153% | +0.0100% | 1h | $199K | $122K | 5x | as long as short |
| Aster PENGUUSDT | −0.148% | +0.0100% | 4h | $170K | $314K | 20x | as long as short |
| Lighter PENGU | −0.141% | +0.0096% | 1h | $297K | $438K | 8x | as long as short |
| Kraken Futures PF_PENGUUSD | −0.131% | +0.0637% | 1h | $365K | $763K | 50x | as long as short |
| Arcus PENGU-USD | −0.129% | +0.0100% | 1h | $4K | $9K | 5x | as long as short |
| HTX PENGU-USDTlong | 0.000% | +0.0100% | 4h | $95K | $181K | 25x | |
| ApeX Omni PENGUUSDT | +0.106% | +0.0100% | 1h | $73K | $251K | 50x | as long as short |
| BloFin PENGU-USDT | +0.176% | +0.0340% | 4h | $1.5M | $856K | 75x | as long as short |
| Coinbase International PENGU-PERP-INTX | +0.446% | +0.2088% | 1h | $83K | $187K | 50x | as long as short |
| SunX PENGU-USDT | +2.148% | +0.0100% | 4h | $3K | $1.6M | 10x | as long as short |