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−$54
spread now+0.104%7d average+0.011%fees + slippage, in and out−$64spread needed0.638%
Long on HyperliquidShort on Lighter
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongHyperliquid PENGU0.0086680.0100pay 0.0013% / 1h18m 28s$8.3M$6.7M5x
ShortLighter PENGU0.0086770.0096get 0.0012% / 1h18m 28s$301K$449K8x

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
$10.38
Funding while held
−$0.12
Slippage, 4 orders
−$54.77
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Fee Lighter: 0 bp × 2 orders
$0
Net
−$53.51
Spread needed to break even
0.638%
Slippage from Hyperliquid: live order book, 5 min ago; Lighter: live order book, 23 min ago.

Cost of waiting

funding view
Funding /8h
−0.0004%
Per $10,000 a day
−$0.12
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, 5 min ago1.74 bp13.5 bp −$14doesn't fitdoesn't fitdoesn't fit
Sell Lighter live order book, 23 min ago4.67 bp11.9 bp −$1270.4 bp −$704doesn't fitdoesn't fit

PENGU price on every exchange

against the cheapest. Click to use as the short leg.
Variational Omni0.008555cheapestApeX Omni0.008610+0.646%HTX0.008635+0.938%BloFin0.008658+1.207%Reya0.008660+1.235%01 Exchange0.008661+1.242%Deribit0.008661+1.242%Nado0.008662+1.253%Orderly0.008662+1.253%Aevo0.008662+1.253%SoDEX0.008662+1.253%Bybit0.008664+1.277%OKX0.008666+1.300%KuCoin0.008666+1.300%Gate0.008667+1.312%Backpack0.008667+1.312%
Hyperliquid0.008668+1.324%
Bitget0.008668+1.324%Arcus0.008670+1.347%MEXC0.008671+1.359%BingX0.008672+1.370%GMX0.008673+1.382%Pacifica0.008674+1.394%Kraken Futures0.008676+1.414%
Lighter0.008677+1.429%
dYdX0.008677+1.433%gTrade (Gains Network)0.008678+1.443%Binance0.008682+1.489%Aster0.008682+1.493%Extended0.008684+1.508%Coinbase International0.008730+2.048%SunX0.008867+3.650%
Injective0.009138+6.818%

PENGU on 33 venues

cheapest first. Swap a leg.
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Variational Omni PENGU−1.306%+0.0100%4h$670K$335K—as long as short
ApeX Omni PENGUUSDT−0.669%+0.0100%1h$75K$251K50xas long as short
HTX PENGU-USDT−0.381%+0.0100%4h$96K$183K25xas long as short
BloFin PENGU-USDT−0.115%+0.0340%4h$1.5M$924K75xas long as short
Reya PENGURUSDPERP−0.088%+0.0235%1h$292—10xas long as short
01 Exchange PENGUUSD−0.081%−0.0080%1h$167$285xas long as short
Deribit PENGU_USDC-PERPETUAL−0.081%0.0000%1h$22K$4K10xas long as short
Nado PENGU-PERP−0.069%+0.0100%1h$223K$310K5xas long as short
Orderly PERP_PENGU_USDC−0.069%+0.0098%4h$21K$179K20xas long as short
Aevo PENGU-PERP−0.069%+0.0104%1h$200K$17K3xas long as short
Show all 33 venues
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
SoDEX PENGU-USD−0.069%+0.0100%1h$984$14K5xas long as short
Bybit PENGUUSDT−0.046%+0.0100%4h$21.8M$22.4M75xas long as short
OKX PENGU-USDT-SWAP−0.023%+0.0100%4h$7.6M$35.9M50xas long as short
KuCoin PENGUUSDTM−0.023%+0.0100%4h$5.0M$6.7M75xas long as short
Gate PENGU_USDT−0.012%+0.0100%4h$3.7M$9.9M75xas long as short
Backpack PENGU_USDC_PERP−0.012%−0.0168%1h$304K$278K10xas long as short
Hyperliquid PENGUlong0.000%+0.0100%1h$8.3M$6.7M5x
Bitget PENGUUSDT0.000%+0.0100%4h$8.6M$8.2M75xas long as short
Arcus PENGU-USD+0.023%+0.0100%1h$4K$9K5xas long as short
MEXC PENGU_USDT+0.035%+0.0100%4h$13.8M$9.9M125xas long as short
BingX PENGU-USDC+0.046%+0.0100%4h—$2.3M—as long as short
GMX PENGU/USD [WBTC.b-USDC]+0.058%L +0.0478% / S −0.0525%1h$110K—100xas long as short
Pacifica PENGU+0.069%+0.0100%1h$203K$125K5xas long as short
Kraken Futures PF_PENGUUSD+0.089%+0.0524%1h$368K$805K50xas long as short
Lighter PENGUshort+0.104%+0.0096%1h$301K$449K8x
dYdX PENGU-USD+0.108%0.0000%1h$10K$1K5xas long as short
gTrade (Gains Network) PENGU/USD+0.118%L +0.0007% / S −0.0003%1h$33K—150xas long as short
Binance PENGUUSDT+0.163%+0.0100%4h$37.0M$110.6M75xas long as short
Aster PENGUUSDT+0.167%+0.0100%4h$175K$321K20xas long as short
Extended PENGU-USD+0.182%+0.0104%1h$192K$665K10xas long as short
Coinbase International PENGU-PERP-INTX+0.715%+0.2520%1h$91K$133K50xas long as short
SunX PENGU-USDT+2.296%+0.0100%4h$3K$1.9M10xas long as short
Injective PENGU/USDC PERP+5.422%+0.0033%1h$3K$116K5.5xas long as short