After costs, if the gap returns to its 7d average, $10k−$46
spread now−0.133%7d average−0.026%fees + slippage, in and out−$35spread needed0.353%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hyperliquid PENGU | 0.008289 | 0.0353 | pay 0.0044% / 1h | 0m 16s | $8.4M | $5.7M | 5x |
| Short | Binance PENGUUSDT | 0.008278 | 0.0100 | get 0.0050% / 4h | 2h 00m | $35.0M | $93.7M | 75x |
Hyperliquid PENGU
Binance PENGUUSDTPrice 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
- −$13.27
- Funding while held
- −$7.6
- Slippage, 4 orders
- −$16.34
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$56.21
- Spread needed to break even
- 0.353%
Slippage from Hyperliquid: live order book, 4 min ago; Binance: live order book, 14 min ago.
Cost of waiting
funding view- Funding /8h
- −0.0253%
- Per $10,000 a day
- −$7.60
- 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, 4 min ago | 1.20 bp | 9.4 bp −$9 | doesn't fit | doesn't fit | doesn't fit |
| Sell Binance live order book, 14 min ago | 0.61 bp | 8.1 bp −$8 | 16.9 bp −$169 | 63.9 bp −$6,386 | doesn't fit |
PENGU price on every exchange
against the cheapest. Click to use as the short leg.Injective0.007874cheapest
Aevo0.008272+5.055%Extended0.008272+5.061%Bybit0.008274+5.080%SoDEX0.008274+5.080%Orderly0.008275+5.093%Deribit0.008276+5.105%
Injective
Aevo
Extended
Bybit
SoDEX
Orderly
DeribitBinance0.008278+5.131%
GMX0.008278+5.131%Reya0.008278+5.137%gTrade (Gains Network)0.008279+5.143%OKX0.008279+5.144%MEXC0.008279+5.144%Arcus0.008280+5.156%BingX0.008280+5.156%Nado0.008280+5.156%Gate0.008281+5.169%Lighter0.008282+5.182%Backpack0.008282+5.182%Kraken Futures0.008283+5.194%01 Exchange0.008284+5.207%KuCoin0.008284+5.207%Bitget0.008285+5.220%Aster0.008286+5.236%dYdX0.008287+5.242%Pacifica0.008288+5.258%
GMX
Reya
gTrade (Gains Network)
OKX
MEXC
Arcus
BingX
Nado
Gate
Lighter
Backpack
Kraken Futures
KuCoin
Bitget
Aster
dYdX
PacificaHyperliquid0.008289+5.271%
BloFin0.008289+5.271%ApeX Omni0.008293+5.321%Variational Omni0.008295+5.349%HTX0.008296+5.359%Coinbase International0.008406+6.756%SunX0.008477+7.658%
BloFin
ApeX Omni
Variational Omni
HTX
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 | −5.007% | +0.0033% | 1h | $3K | $153K | 5.5x | as long as short |
| Aevo PENGU-PERP | −0.205% | +0.0104% | 1h | $191K | $17K | 3x | as long as short |
| Extended PENGU-USD | −0.199% | +0.0104% | 1h | $159K | $635K | 10x | as long as short |
| Bybit PENGUUSDT | −0.181% | +0.0100% | 4h | $20.3M | $19.8M | 75x | as long as short |
| SoDEX PENGU-USD | −0.181% | +0.0100% | 1h | $922 | $14K | 5x | as long as short |
| Orderly PERP_PENGU_USDC | −0.169% | +0.0096% | 4h | $16K | $174K | 20x | as long as short |
| Deribit PENGU_USDC-PERPETUAL | −0.157% | −0.0112% | 1h | $21K | $4K | 10x | as long as short |
| Binance PENGUUSDTshort | −0.133% | +0.0100% | 4h | $35.0M | $93.7M | 75x | |
| GMX PENGU/USD [WBTC.b-USDC] | −0.133% | L +0.0385% / S −0.0369% | 1h | $82K | — | 100x | as long as short |
| Reya PENGURUSDPERP | −0.127% | +0.0234% | 1h | $280 | — | 10x | as long as short |