Spread before costs (cost unknown: a leg has no order-book sample)−0.277%
7d average—if it closes, per $10,000$28funding while held, a day+$12.75
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hyperliquid PENGU | 0.008666 | 0.0100 | pay 0.0013% / 1h | 18m 47s | $8.3M | $6.7M | 5x |
| Short | GMX PENGU/USD [WBTC.b-USDC] | 0.008642 | L +0.0477% / S −0.0525% | get 0.0066% / 1h | 18m 47s | $110K | — | 100x |
Hyperliquid PENGU
GMX PENGU/USD [WBTC.b-USDC]Price 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
- −$27.69
- Funding while held
- $12.75
- Slippage, 4 orders
- no order book: not counted
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee GMX: 6 bp × 2 orders
- −$12
- Net
- −$35.95
- Spread needed to break even
- 0.210%
Slippage unknown: Hyperliquid: live order book, 5 min ago; GMX: no order-book sample. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- +0.0425%
- Per $10,000 a day
- +$12.75
- 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 | 1.74 bp | 13.5 bp −$14 | doesn't fit | doesn't fit | doesn't fit |
| Sell GMX no order-book sample | — | — | — | — | — |
GMX: 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.Variational Omni0.008555cheapestApeX Omni0.008610+0.646%dYdX0.008625+0.820%Pacifica0.008628+0.856%Arcus0.008630+0.879%01 Exchange0.008633+0.914%HTX0.008635+0.938%Reya0.008639+0.984%
Variational Omni
ApeX Omni
dYdX
Pacifica
Arcus
HTX
ReyaGMX0.008642+1.020%
gTrade (Gains Network)0.008642+1.025%Nado0.008656+1.183%Bybit0.008657+1.195%BloFin0.008658+1.207%OKX0.008660+1.230%Deribit0.008661+1.242%Gate0.008662+1.253%BingX0.008662+1.253%Orderly0.008662+1.253%Aevo0.008662+1.253%SoDEX0.008662+1.253%
gTrade (Gains Network)
Nado
Bybit
BloFin
OKX
Deribit
Gate
BingX
Orderly
Aevo
SoDEXHyperliquid0.008666+1.300%
Lighter0.008666+1.300%Extended0.008666+1.303%KuCoin0.008667+1.312%Backpack0.008667+1.312%Aster0.008667+1.314%Binance0.008667+1.315%MEXC0.008668+1.324%Bitget0.008669+1.335%Kraken Futures0.008676+1.414%Coinbase International0.008730+2.048%SunX0.008867+3.650%
Lighter
Extended
KuCoin
Backpack
Aster
Binance
MEXC
Bitget
Kraken Futures
Coinbase International
SunXInjective0.009138+6.818%
InjectivePENGU on 33 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Variational Omni PENGU | −1.283% | +0.0100% | 4h | $670K | $335K | — | as long as short |
| ApeX Omni PENGUUSDT | −0.646% | +0.0100% | 1h | $75K | $251K | 50x | as long as short |
| dYdX PENGU-USD | −0.474% | 0.0000% | 1h | $10K | $1K | 5x | as long as short |
| Pacifica PENGU | −0.438% | +0.0100% | 1h | $202K | $125K | 5x | as long as short |
| Arcus PENGU-USD | −0.415% | +0.0100% | 1h | $4K | $9K | 5x | as long as short |
| 01 Exchange PENGUUSD | −0.381% | −0.0080% | 1h | $166 | $28 | 5x | as long as short |
| HTX PENGU-USDT | −0.358% | +0.0100% | 4h | $96K | $183K | 25x | as long as short |
| Reya PENGURUSDPERP | −0.312% | +0.0235% | 1h | $292 | — | 10x | as long as short |
| GMX PENGU/USD [WBTC.b-USDC]short | −0.277% | L +0.0477% / S −0.0525% | 1h | $110K | — | 100x | |
| gTrade (Gains Network) PENGU/USD | −0.272% | L +0.0007% / S −0.0003% | 1h | $33K | — | 150x | as long as short |