After costs, if the gap returns to its 7d average, $10k−$293
spread now+0.188%7d average+0.705%fees + slippage, in and out−$242spread needed2.418%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hyperliquid PENGU | 0.008497 | 0.0100 | pay 0.0013% / 1h | 7m 17s | $8.2M | $6.2M | 5x |
| Short | Coinbase International PENGU-PERP-INTX | 0.008513 | 0.2088 | get 0.0261% / 1h | 7m 17s | $83K | $186K | 50x |
Hyperliquid PENGU
Coinbase International PENGU-PERP-INTXPrice 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
- $18.83
- Funding while held
- $59.64
- Slippage, 4 orders
- −$222.81
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Net
- −$163.34
- Spread needed to break even
- 2.418%
Slippage from Hyperliquid: live order book, 6 min ago; Coinbase International: live order book, 47 min ago.
Cost of waiting
funding view- Funding /8h
- +0.1988%
- Per $10,000 a day
- +$59.64
- 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, 6 min ago | 0.60 bp | 7.9 bp −$8 | doesn't fit | doesn't fit | doesn't fit |
| Sell Coinbase International live order book, 47 min ago | 89.15 bp | 113.7 bp −$114 | doesn't fit | doesn't fit | doesn'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%BloFin0.008443+7.226%SoDEX0.008479+7.684%Backpack0.008482+7.722%dYdX0.008482+7.725%Bybit0.008484+7.747%Lighter0.008487+7.785%BingX0.008487+7.785%GMX0.008487+7.785%gTrade (Gains Network)0.008488+7.794%Pacifica0.008488+7.798%Orderly0.008488+7.798%Aevo0.008488+7.798%Nado0.008489+7.817%Extended0.008490+7.822%Binance0.008490+7.823%Arcus0.008490+7.823%Gate0.008490+7.823%KuCoin0.008490+7.823%Deribit0.008490+7.823%OKX0.008491+7.836%Reya0.008491+7.839%MEXC0.008492+7.849%
Injective
Variational Omni
ApeX Omni
BloFin
SoDEX
Backpack
dYdX
Bybit
Lighter
BingX
GMX
gTrade (Gains Network)
Pacifica
Orderly
Aevo
Nado
Extended
Binance
Arcus
Gate
KuCoin
Deribit
OKX
Reya
MEXCHyperliquid0.008497+7.912%
Bitget0.008498+7.925%Aster0.008500+7.949%Kraken Futures0.008502+7.976%HTX0.008506+8.026%
Bitget
Aster
Kraken Futures
HTXCoinbase International0.008513+8.115%
SunX0.008699+10.478%
SunXPENGU on 32 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Injective PENGU/USDC PERP | −7.332% | +0.0033% | 1h | $3K | $116K | 5.5x | as long as short |
| Variational Omni PENGU | −1.192% | +0.0100% | 4h | $676K | $287K | — | as long as short |
| ApeX Omni PENGUUSDT | −1.047% | +0.0100% | 1h | $72K | $251K | 50x | as long as short |
| BloFin PENGU-USDT | −0.636% | +0.0340% | 4h | $1.5M | $834K | 75x | as long as short |
| SoDEX PENGU-USD | −0.212% | +0.0100% | 1h | $951 | $14K | 5x | as long as short |
| Backpack PENGU_USDC_PERP | −0.177% | +0.0100% | 1h | $292K | $256K | 10x | as long as short |
| dYdX PENGU-USD | −0.173% | +0.0555% | 1h | $10K | $998 | 5x | as long as short |
| Bybit PENGUUSDT | −0.153% | +0.0100% | 4h | $21.0M | $20.1M | 75x | as long as short |
| Lighter PENGU | −0.118% | +0.0096% | 1h | $327K | $397K | 8x | as long as short |
| BingX PENGU-USDT | −0.118% | +0.0100% | 4h | — | $3.7M | — | as long as short |
Show all 32 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| GMX PENGU/USD [WBTC.b-USDC] | −0.118% | L +0.0385% / S −0.0362% | 1h | $83K | — | 100x | as long as short |
| gTrade (Gains Network) PENGU/USD | −0.109% | L +0.0007% / S −0.0003% | 1h | $33K | — | 150x | as long as short |
| Pacifica PENGU | −0.106% | +0.0100% | 1h | $198K | $122K | 5x | as long as short |
| Orderly PERP_PENGU_USDC | −0.106% | +0.0096% | 4h | $16K | $175K | 20x | as long as short |
| Aevo PENGU-PERP | −0.106% | +0.0104% | 1h | $196K | $17K | 3x | as long as short |
| Nado PENGU-PERP | −0.088% | +0.0100% | 1h | $218K | $274K | 5x | as long as short |
| Extended PENGU-USD | −0.083% | +0.0104% | 1h | $162K | $638K | 10x | as long as short |
| Binance PENGUUSDT | −0.082% | +0.0100% | 4h | $36.3M | $97.7M | 75x | as long as short |
| Arcus PENGU-USD | −0.082% | +0.0100% | 1h | $4K | $8K | 5x | as long as short |
| Gate PENGU_USDT | −0.082% | +0.0100% | 4h | $3.6M | $7.8M | 75x | as long as short |
| KuCoin PENGUUSDTM | −0.082% | +0.0100% | 4h | $4.7M | $6.4M | 75x | as long as short |
| Deribit PENGU_USDC-PERPETUAL | −0.082% | 0.0000% | 1h | $21K | $4K | 10x | as long as short |
| OKX PENGU-USDT-SWAP | −0.071% | +0.0100% | 4h | $7.2M | $31.5M | 50x | as long as short |
| Reya PENGURUSDPERP | −0.068% | +0.0235% | 1h | $287 | — | 10x | as long as short |
| MEXC PENGU_USDT | −0.059% | +0.0100% | 4h | $11.5M | $8.9M | 125x | as long as short |
| Hyperliquid PENGUlong | 0.000% | +0.0100% | 1h | $8.2M | $6.2M | 5x | |
| Bitget PENGUUSDT | +0.012% | +0.0100% | 4h | $8.4M | $7.4M | 75x | as long as short |
| Aster PENGUUSDT | +0.034% | +0.0100% | 4h | $169K | $314K | 20x | as long as short |
| Kraken Futures PF_PENGUUSD | +0.060% | +0.0638% | 1h | $365K | $762K | 50x | as long as short |
| HTX PENGU-USDT | +0.106% | +0.0100% | 4h | $95K | $180K | 25x | as long as short |
| Coinbase International PENGU-PERP-INTXshort | +0.188% | +0.2088% | 1h | $83K | $186K | 50x | |
| SunX PENGU-USDT | +2.377% | +0.0100% | 4h | $3K | $1.6M | 10x | as long as short |