Spread before costs (cost unknown: a leg has no order-book sample)+5.194%
7d average—if it closes, per $10,000$519funding while held, a day+$16.62
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Injective PENGU/USDC PERP | 0.007874 | 0.0033 | pay 0.0004% / 1h | 59m 34s | $3K | $153K | 5.5x |
| Short | Hyperliquid PENGU | 0.008283 | 0.0587 | get 0.0073% / 1h | 59m 34s | $8.4M | $5.7M | 5x |
Injective PENGU/USDC PERP
Hyperliquid PENGUPrice 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
- $519.43
- Funding while held
- $16.62
- Slippage, 4 orders
- no order book: not counted
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- $527.03
- Spread needed to break even
- 0.090%
Slippage unknown: Injective: no order-book sample; Hyperliquid: live order book, 4 min ago. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- +0.0554%
- Per $10,000 a day
- +$16.62
- 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 Injective no order-book sample | — | — | — | — | — |
| Sell Hyperliquid live order book, 4 min ago | 1.20 bp | 8.6 bp −$9 | doesn't fit | doesn't fit | doesn't fit |
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
Bybit0.008269+5.017%
BybitAevo0.008272+5.055%
AevoExtended0.008272+5.059%
ExtendedBinance0.008273+5.067%
BinanceGate0.008273+5.067%
GateBackpack0.008273+5.067%
BackpackSoDEX0.008274+5.080%
SoDEXOrderly0.008275+5.093%
OrderlyPacifica0.008276+5.105%
PacificaOKX0.008276+5.105%
OKXBingX0.008276+5.105%
BingXDeribit0.008276+5.105%
DeribitMEXC0.008277+5.118%
MEXCKuCoin0.008278+5.131%
KuCoinGMX0.008278+5.131%
GMXAster0.008278+5.133%
AsterReya0.008278+5.137%
ReyagTrade (Gains Network)0.008279+5.143%
gTrade (Gains Network)dYdX0.008280+5.152%
dYdXArcus0.008280+5.156%
ArcusNado0.008280+5.156%
NadoKraken Futures0.008283+5.194%
Kraken FuturesHyperliquid0.008283+5.194%
Bitget0.008283+5.194%
BitgetLighter0.008285+5.220%
LighterBloFin0.008289+5.271%
BloFinApeX Omni0.008293+5.321%
ApeX OmniVariational Omni0.008295+5.349%
Variational OmniHTX0.008296+5.359%
HTXCoinbase International0.008406+6.756%
Coinbase InternationalSunX0.008477+7.658%
SunXPENGU on 33 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Injective PENGU/USDC PERPlong | 0.000% | +0.0033% | 1h | $3K | $153K | 5.5x | |
| Bybit PENGUUSDT | +5.017% | +0.0100% | 4h | $20.3M | $19.8M | 75x | as long as short |
| Aevo PENGU-PERP | +5.055% | +0.0104% | 1h | $191K | $17K | 3x | as long as short |
| Extended PENGU-USD | +5.059% | +0.0104% | 1h | $159K | $635K | 10x | as long as short |
| Binance PENGUUSDT | +5.067% | +0.0100% | 4h | $35.0M | $93.7M | 75x | as long as short |
| Gate PENGU_USDT | +5.067% | +0.0100% | 4h | $3.4M | $7.0M | 75x | as long as short |
| Backpack PENGU_USDC_PERP | +5.067% | +0.0100% | 1h | $285K | $256K | 10x | as long as short |
| SoDEX PENGU-USD | +5.080% | +0.0100% | 1h | $922 | $14K | 5x | as long as short |
| Orderly PERP_PENGU_USDC | +5.093% | +0.0096% | 4h | $16K | $174K | 20x | as long as short |
| Pacifica PENGU | +5.105% | +0.0100% | 1h | $193K | $121K | 5x | as long as short |