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.

After costs, if the gap returns to its 7d average, $10k−$82
spread now−0.469%7d average−0.017%fees + slippage, in and out−$37spread needed0.370%
Long on HyperliquidShort on BloFin
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongHyperliquid PENGU0.0085340.0100pay 0.0013% / 1h6m 15s$8.2M$6.2M5x
ShortBloFin PENGU-USDT0.0084940.0340get 0.0170% / 4h1h 06m$1.5M$840K75x

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
−$46.87
Funding while held
$7.2
Slippage, 4 orders
−$16.03
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Fee BloFin: 6 bp × 2 orders
−$12
Net
−$76.7
Spread needed to break even
0.370%
Slippage from Hyperliquid: live order book, 7 min ago; BloFin: live order book, 3 min ago.

Cost of waiting

funding view
Funding /8h
+0.0240%
Per $10,000 a day
+$7.20
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 Hyperliquid live order book, 7 min ago0.60 bp7.9 bp −$8doesn't fitdoesn't fitdoesn't fit
Sell BloFin live order book, 3 min ago1.77 bp7.8 bp −$813.6 bp −$13667.4 bp −$6,743doesn't fit

PENGU price on every exchange

against the cheapest. Click to use as the short leg.
Injective0.007874cheapest
Variational Omni0.008396+6.626%ApeX Omni0.008408+6.782%01 Exchange0.008493+7.861%
BloFin0.008494+7.874%
SoDEX0.008497+7.912%Arcus0.008500+7.950%dYdX0.008504+8.005%Pacifica0.008509+8.065%Bybit0.008518+8.179%MEXC0.008522+8.230%Nado0.008523+8.242%Coinbase International0.008524+8.255%HTX0.008524+8.255%Binance0.008525+8.268%Aster0.008526+8.280%Lighter0.008526+8.280%OKX0.008526+8.280%KuCoin0.008526+8.280%Reya0.008527+8.287%BingX0.008527+8.293%gTrade (Gains Network)0.008528+8.311%Backpack0.008529+8.319%GMX0.008529+8.319%Gate0.008531+8.344%Aevo0.008531+8.344%Orderly0.008532+8.357%Extended0.008534+8.381%
Hyperliquid0.008534+8.382%
Bitget0.008534+8.382%Deribit0.008537+8.420%Kraken Futures0.008541+8.467%SunX0.008733+10.909%

PENGU on 33 venues

cheapest first. Swap a leg.
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Injective PENGU/USDC PERP−7.734%+0.0033%1h$3K$116K5.5xas long as short
Variational Omni PENGU−1.621%+0.0100%4h$676K$287K—as long as short
ApeX Omni PENGUUSDT−1.476%+0.0100%1h$72K$251K50xas long as short
01 Exchange PENGUUSD−0.480%−0.0432%1h$164$285xas long as short
BloFin PENGU-USDTshort−0.469%+0.0340%4h$1.5M$840K75x
SoDEX PENGU-USD−0.434%+0.0100%1h$958$14K5xas long as short
Arcus PENGU-USD−0.398%+0.0100%1h$4K$8K5xas long as short
dYdX PENGU-USD−0.348%+0.0544%1h$10K$9985xas long as short
Pacifica PENGU−0.293%+0.0100%1h$199K$122K5xas long as short
Bybit PENGUUSDT−0.187%+0.0100%4h$21.0M$20.1M75xas long as short
Show all 33 venues
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
MEXC PENGU_USDT−0.141%+0.0100%4h$11.9M$8.9M125xas long as short
Nado PENGU-PERP−0.129%+0.0100%1h$218K$275K5xas long as short
Coinbase International PENGU-PERP-INTX−0.117%+0.2088%1h$83K$186K50xas long as short
HTX PENGU-USDT−0.117%+0.0100%4h$95K$180K25xas long as short
Binance PENGUUSDT−0.106%+0.0100%4h$36.5M$98.5M75xas long as short
Aster PENGUUSDT−0.094%+0.0100%4h$170K$314K20xas long as short
Lighter PENGU−0.094%+0.0096%1h$299K$437K8xas long as short
OKX PENGU-USDT-SWAP−0.094%+0.0100%4h$7.2M$31.7M50xas long as short
KuCoin PENGUUSDTM−0.094%+0.0100%4h$4.7M$6.4M75xas long as short
Reya PENGURUSDPERP−0.088%+0.0235%1h$288—10xas long as short
BingX PENGU-USDC−0.082%+0.0100%4h—$2.3M—as long as short
gTrade (Gains Network) PENGU/USD−0.065%L +0.0007% / S −0.0003%1h$33K—150xas long as short
Backpack PENGU_USDC_PERP−0.059%+0.0100%1h$294K$257K10xas long as short
GMX PENGU/USD [WBTC.b-USDC]−0.059%L +0.0385% / S −0.0362%1h$84K—100xas long as short
Gate PENGU_USDT−0.035%+0.0100%4h$3.7M$7.8M75xas long as short
Aevo PENGU-PERP−0.035%+0.0104%1h$197K$17K3xas long as short
Orderly PERP_PENGU_USDC−0.023%+0.0096%4h$16K$175K20xas long as short
Extended PENGU-USD−0.001%+0.0104%1h$163K$638K10xas long as short
Hyperliquid PENGUlong0.000%+0.0100%1h$8.2M$6.2M5x
Bitget PENGUUSDT0.000%+0.0100%4h$8.5M$7.4M75xas long as short
Deribit PENGU_USDC-PERPETUAL+0.035%0.0000%1h$21K$4K10xas long as short
Kraken Futures PF_PENGUUSD+0.079%+0.0635%1h$366K$762K50xas long as short
SunX PENGU-USDT+2.332%+0.0100%4h$3K$1.6M10xas long as short