Spread before costs (cost unknown: a leg has no order-book sample)−4.938%
7d average—if it closes, per $10,000$494funding while held, a day−$2.00
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hyperliquid PENGU | 0.008283 | 0.0100 | pay 0.0013% / 1h | 59m 23s | $8.3M | $5.7M | 5x |
| Short | Injective PENGU/USDC PERP | 0.007874 | 0.0033 | get 0.0004% / 1h | 59m 23s | $3K | $153K | 5.5x |
Hyperliquid PENGU
Injective 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
- −$493.78
- Funding while held
- −$2
- Slippage, 4 orders
- no order book: not counted
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- −$504.8
- Spread needed to break even
- 0.090%
Slippage unknown: Hyperliquid: live order book, 4 min ago; Injective: no order-book sample. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- −0.0067%
- Per $10,000 a day
- −$2.00
- 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, 4 min ago | 1.20 bp | 9.4 bp −$9 | doesn't fit | doesn't fit | doesn't fit |
| Sell Injective no order-book sample | — | — | — | — | — |
Injective: 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.Injective0.007874cheapest
Aevo0.008272+5.055%Extended0.008272+5.059%Gate0.008273+5.067%Backpack0.008273+5.067%SoDEX0.008274+5.080%Reya0.008275+5.092%Bybit0.008275+5.093%Orderly0.008275+5.093%gTrade (Gains Network)0.008275+5.097%Pacifica0.008276+5.105%MEXC0.008276+5.105%BingX0.008276+5.105%Deribit0.008276+5.105%KuCoin0.008278+5.131%GMX0.008278+5.131%Binance0.008279+5.144%Aster0.008280+5.151%dYdX0.008280+5.152%Arcus0.008280+5.156%Nado0.008280+5.156%OKX0.008281+5.169%Kraken Futures0.008283+5.194%
Aevo
Extended
Gate
Backpack
SoDEX
Reya
Bybit
Orderly
gTrade (Gains Network)
Pacifica
MEXC
BingX
Deribit
KuCoin
GMX
Binance
Aster
dYdX
Arcus
Nado
OKX
Kraken FuturesHyperliquid0.008283+5.194%
Lighter0.008285+5.220%Bitget0.008285+5.220%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%
Lighter
Bitget
BloFin
ApeX Omni
Variational Omni
HTX
Coinbase International
SunXPENGU on 32 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Injective PENGU/USDC PERPshort | −4.938% | +0.0033% | 1h | $3K | $153K | 5.5x | |
| Aevo PENGU-PERP | −0.133% | +0.0104% | 1h | $191K | $17K | 3x | as long as short |
| Extended PENGU-USD | −0.128% | +0.0104% | 1h | $159K | $635K | 10x | as long as short |
| Gate PENGU_USDT | −0.121% | +0.0100% | 4h | $3.4M | $7.0M | 75x | as long as short |
| Backpack PENGU_USDC_PERP | −0.121% | +0.0100% | 1h | $285K | $256K | 10x | as long as short |
| SoDEX PENGU-USD | −0.109% | +0.0100% | 1h | $922 | $14K | 5x | as long as short |
| Reya PENGURUSDPERP | −0.097% | +0.0234% | 1h | $279 | — | 10x | as long as short |
| Bybit PENGUUSDT | −0.097% | +0.0100% | 4h | $20.3M | $19.8M | 75x | as long as short |
| Orderly PERP_PENGU_USDC | −0.097% | +0.0096% | 4h | $16K | $174K | 20x | as long as short |
| gTrade (Gains Network) PENGU/USD | −0.092% | L +0.0007% / S −0.0003% | 1h | $32K | — | 150x | as long as short |
Show all 32 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Pacifica PENGU | −0.085% | +0.0100% | 1h | $193K | $121K | 5x | as long as short |
| MEXC PENGU_USDT | −0.085% | +0.0100% | 4h | $11.8M | $8.4M | 125x | as long as short |
| BingX PENGU-USDC | −0.085% | +0.0100% | 4h | — | $2.3M | — | as long as short |
| Deribit PENGU_USDC-PERPETUAL | −0.085% | −0.0112% | 1h | $21K | $4K | 10x | as long as short |
| KuCoin PENGUUSDTM | −0.060% | +0.0100% | 4h | $4.9M | $6.2M | 75x | as long as short |
| GMX PENGU/USD [WBTC.b-USDC] | −0.060% | L +0.0385% / S −0.0369% | 1h | $82K | — | 100x | as long as short |
| Binance PENGUUSDT | −0.048% | +0.0100% | 4h | $35.0M | $93.6M | 75x | as long as short |
| Aster PENGUUSDT | −0.041% | +0.0100% | 4h | $168K | $305K | 20x | as long as short |
| dYdX PENGU-USD | −0.040% | +0.1847% | 1h | $10K | $998 | 5x | as long as short |
| Arcus PENGU-USD | −0.036% | +0.0100% | 1h | $4K | $31K | 5x | as long as short |
| Nado PENGU-PERP | −0.036% | +0.0100% | 1h | $207K | $261K | 5x | as long as short |
| OKX PENGU-USDT-SWAP | −0.024% | +0.0100% | 4h | $6.9M | $30.2M | 50x | as long as short |
| Kraken Futures PF_PENGUUSD | −0.001% | +0.0378% | 1h | $348K | $775K | 50x | as long as short |
| Hyperliquid PENGUlong | 0.000% | +0.0100% | 1h | $8.3M | $5.7M | 5x | |
| Lighter PENGU | +0.024% | +0.0096% | 1h | $325K | $373K | 8x | as long as short |
| Bitget PENGUUSDT | +0.024% | +0.0100% | 4h | $8.2M | $7.3M | 75x | as long as short |
| BloFin PENGU-USDT | +0.072% | +0.0340% | 4h | $1.4M | $761K | 75x | as long as short |
| ApeX Omni PENGUUSDT | +0.121% | +0.0100% | 1h | $71K | $251K | 50x | as long as short |
| Variational Omni PENGU | +0.148% | +0.0100% | 4h | $667K | $284K | — | as long as short |
| HTX PENGU-USDT | +0.157% | +0.0100% | 4h | $92K | $197K | 25x | as long as short |
| Coinbase International PENGU-PERP-INTX | +1.485% | +0.1152% | 1h | $84K | $193K | 50x | as long as short |
| SunX PENGU-USDT | +2.342% | +0.0100% | 4h | $2K | $1.6M | 10x | as long as short |