After costs, if the gap returns to its 7d average, $10k−$73
spread now−0.175%7d average−0.102%fees + slippage, in and out−$65spread needed0.652%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kraken Futures PF_PENGUUSD | 0.008999 | 0.0039 | pay 0.0005% / 1h | 54m 36s | $583K | $1.7M | 50x |
| Short | Backpack PENGU_USDC_PERP | 0.008983 | 0.0100 | get 0.0013% / 1h | 54m 36s | $318K | $308K | 10x |
Kraken Futures PF_PENGUUSD
Backpack 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
- −$17.52
- Funding while held
- $1.84
- Slippage, 4 orders
- −$45.24
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee Backpack: 5 bp × 2 orders
- −$10
- Net
- −$80.91
- Spread needed to break even
- 0.652%
Slippage from Kraken Futures: live order book, 5 min ago; Backpack: live order book, 40 min ago.
Cost of waiting
funding view- Funding /8h
- +0.0061%
- Per $10,000 a day
- +$1.84
- 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 Kraken Futures live order book, 5 min ago | 13.84 bp | 23.1 bp −$23 | 45.8 bp −$458 | doesn't fit | doesn't fit |
| Sell Backpack live order book, 40 min ago | 0.57 bp | 11.3 bp −$11 | doesn't fit | doesn't fit | doesn't fit |
PENGU price on every exchange
against the cheapest. Click to use as the short leg.Injective0.008792cheapestBingX0.008952+1.820%Binance0.008955+1.854%Gate0.008957+1.877%Arcus0.008960+1.911%Bybit0.008966+1.979%01 Exchange0.008966+1.979%Bitget0.008967+1.990%OKX0.008970+2.025%MEXC0.008970+2.025%Extended0.008970+2.027%Pacifica0.008972+2.047%KuCoin0.008974+2.070%Lighter0.008975+2.081%Aster0.008975+2.083%dYdX0.008976+2.088%ApeX Omni0.008977+2.104%Variational Omni0.008978+2.111%
Injective
BingX
Binance
Gate
Arcus
Bybit
Bitget
OKX
MEXC
Extended
Pacifica
KuCoin
Lighter
Aster
dYdX
ApeX Omni
Variational OmniBackpack0.008983+2.172%
Reya0.008984+2.185%SoDEX0.008985+2.195%BloFin0.008985+2.195%Nado0.008985+2.201%Hyperliquid0.008987+2.218%Deribit0.008987+2.218%Aevo0.008988+2.229%gTrade (Gains Network)0.008990+2.251%Orderly0.008990+2.252%GMX0.008996+2.320%
Reya
SoDEX
BloFin
Nado
Hyperliquid
Deribit
Aevo
gTrade (Gains Network)
Orderly
GMXKraken Futures0.008999+2.352%
HTX0.008999+2.354%Coinbase International0.009092+3.412%SunX0.009198+4.618%
HTX
Coinbase International
SunXPENGU on 33 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Injective PENGU/USDC PERP | −2.298% | +0.0033% | 1h | $3K | $24K | 5.5x | as long as short |
| BingX PENGU-USDC | −0.520% | +0.0100% | 4h | — | $2.3M | — | as long as short |
| Binance PENGUUSDT | −0.486% | +0.0100% | 4h | $38.2M | $139.0M | 75x | as long as short |
| Gate PENGU_USDT | −0.464% | −0.0052% | 4h | $3.7M | $14.0M | 75x | as long as short |
| Arcus PENGU-USD | −0.431% | +0.0100% | 1h | $20K | $24K | 5x | as long as short |
| Bybit PENGUUSDT | −0.364% | +0.0100% | 4h | $24.1M | $30.8M | 75x | as long as short |
| 01 Exchange PENGUUSD | −0.364% | +0.0160% | 1h | $205 | $59 | 5x | as long as short |
| Bitget PENGUUSDT | −0.353% | +0.0100% | 4h | $8.7M | $10.9M | 75x | as long as short |
| OKX PENGU-USDT-SWAP | −0.320% | +0.0100% | 4h | $8.2M | $45.1M | 50x | as long as short |
| MEXC PENGU_USDT | −0.320% | +0.0100% | 4h | $12.6M | $11.4M | 125x | as long as short |