After costs, if the gap returns to its 7d average, $10k−$53
spread now−0.160%7d average−0.050%fees + slippage, in and out−$42spread needed0.420%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hyperliquid PENGU | 0.008749 | 0.0100 | pay 0.0013% / 1h | 39m 18s | $9.7M | $12.0M | 5x |
| Short | Backpack PENGU_USDC_PERP | 0.008735 | 0.0100 | get 0.0013% / 1h | 39m 18s | $308K | $305K | 10x |
Hyperliquid PENGU
Backpack PENGU_USDC_PERPPrice 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
- −$16
- Funding while held
- $0
- Slippage, 4 orders
- −$22.99
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee Backpack: 5 bp × 2 orders
- −$10
- Net
- −$57.99
- Spread needed to break even
- 0.420%
Slippage from Hyperliquid: live order book, 5 min ago; Backpack: live order book, 61 min ago.
Cost of waiting
funding view- Funding /8h
- 0.0000%
- Per $10,000 a day
- +$0.00
- 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 Hyperliquid live order book, 5 min ago | 1.15 bp | 9.4 bp −$9 | doesn't fit | doesn't fit | doesn't fit |
| Sell Backpack live order book, 61 min ago | 0.58 bp | 12.5 bp −$12 | doesn't fit | doesn't fit | doesn't fit |
PENGU price on every exchange
against the cheapest. Click to use as the short leg.ApeX Omni0.008677cheapestVariational Omni0.008679+0.022%Bybit0.008721+0.507%BloFin0.008723+0.530%Nado0.008724+0.539%SoDEX0.008724+0.542%OKX0.008726+0.565%MEXC0.008727+0.576%Binance0.008728+0.587%Lighter0.008733+0.645%
ApeX Omni
Variational Omni
Bybit
BloFin
Nado
SoDEX
OKX
MEXC
Binance
LighterBackpack0.008735+0.668%
Reya0.008739+0.717%Arcus0.008740+0.726%dYdX0.008741+0.740%Pacifica0.008743+0.761%Gate0.008743+0.761%Kraken Futures0.008743+0.761%BingX0.008745+0.784%Aster0.008745+0.786%01 Exchange0.008746+0.795%
Reya
Arcus
dYdX
Pacifica
Gate
Kraken Futures
BingX
AsterHyperliquid0.008749+0.830%
Extended0.008750+0.838%GMX0.008754+0.887%Aevo0.008755+0.899%KuCoin0.008756+0.910%Deribit0.008756+0.910%gTrade (Gains Network)0.008756+0.912%Bitget0.008757+0.922%Orderly0.008757+0.922%HTX0.008760+0.957%Injective0.008792+1.325%Coinbase International0.008859+2.097%SunX0.008965+3.319%
Extended
GMX
Aevo
KuCoin
Deribit
gTrade (Gains Network)
Bitget
Orderly
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 | |
|---|---|---|---|---|---|---|---|
| ApeX Omni PENGUUSDT | −0.823% | +0.0100% | 1h | $79K | $252K | 50x | as long as short |
| Variational Omni PENGU | −0.801% | +0.0100% | 4h | $775K | $525K | — | as long as short |
| Bybit PENGUUSDT | −0.320% | +0.0100% | 4h | $22.2M | $27.6M | 75x | as long as short |
| BloFin PENGU-USDT | −0.297% | +0.0340% | 4h | $1.5M | $1.6M | 75x | as long as short |
| Nado PENGU-PERP | −0.289% | +0.0100% | 1h | $636K | $683K | 5x | as long as short |
| SoDEX PENGU-USD | −0.286% | +0.0100% | 1h | $981 | $14K | 5x | as long as short |
| OKX PENGU-USDT-SWAP | −0.263% | +0.0100% | 4h | $8.0M | $41.1M | 50x | as long as short |
| MEXC PENGU_USDT | −0.251% | +0.0100% | 4h | $11.3M | $10.7M | 125x | as long as short |
| Binance PENGUUSDT | −0.240% | +0.0100% | 4h | $36.8M | $129.8M | 75x | as long as short |
| Lighter PENGU | −0.183% | +0.0096% | 1h | $315K | $493K | 8x | as long as short |