After costs, if the gap returns to its 7d average, $10k−$57
spread now+0.151%7d average−0.099%fees + slippage, in and out−$82spread needed0.825%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kraken Futures PF_PENGUUSD | 0.008665 | 0.0122 | pay 0.0015% / 1h | 12m 54s | $359K | $861K | 50x |
| Short | Binance PENGUUSDT | 0.008678 | 0.0100 | get 0.0050% / 4h | 3h 12m | $37.0M | $125.8M | 75x |
Kraken Futures PF_PENGUUSD
Binance PENGUUSDTPrice 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
- $15.14
- Funding while held
- −$0.66
- Slippage, 4 orders
- −$62.5
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$68.01
- Spread needed to break even
- 0.825%
Slippage from Kraken Futures: live order book, 32 min ago; Binance: live order book, 2 min ago.
Cost of waiting
funding view- Funding /8h
- −0.0022%
- Per $10,000 a day
- −$0.66
- 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, 32 min ago | 13.38 bp | 46.7 bp −$47 | 64.2 bp −$642 | doesn't fit | doesn't fit |
| Sell Binance live order book, 2 min ago | 0.58 bp | 9.4 bp −$9 | 16.1 bp −$161 | 54.3 bp −$5,428 | doesn't fit |
PENGU price on every exchange
against the cheapest. Click to use as the short leg.Variational Omni0.008624cheapestArcus0.008640+0.186%01 Exchange0.008640+0.186%GMX0.008642+0.209%Reya0.008642+0.210%Nado0.008642+0.212%gTrade (Gains Network)0.008643+0.222%dYdX0.008649+0.294%Pacifica0.008651+0.313%BloFin0.008653+0.337%SoDEX0.008655+0.360%Orderly0.008657+0.383%Deribit0.008660+0.418%Aevo0.008661+0.429%HTX0.008661+0.429%Lighter0.008664+0.464%Backpack0.008664+0.464%
Variational Omni
Arcus
GMX
Reya
Nado
gTrade (Gains Network)
dYdX
Pacifica
BloFin
SoDEX
Orderly
Deribit
Aevo
HTX
Lighter
BackpackKraken Futures0.008665+0.476%
ApeX Omni0.008668+0.511%Aster0.008669+0.517%Bybit0.008671+0.545%Gate0.008673+0.568%BingX0.008673+0.568%OKX0.008676+0.603%MEXC0.008677+0.615%
ApeX Omni
Aster
Bybit
Gate
BingX
OKX
MEXCBinance0.008678+0.629%
Extended0.008679+0.637%KuCoin0.008679+0.638%Bitget0.008686+0.719%Hyperliquid0.008688+0.742%Coinbase International0.008737+1.311%Injective0.008792+1.948%SunX0.008843+2.540%
Extended
KuCoin
Bitget
Hyperliquid
Coinbase International
Injective
SunXPENGU on 33 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Variational Omni PENGU | −0.474% | +0.0100% | 4h | $748K | $493K | — | as long as short |
| Arcus PENGU-USD | −0.289% | +0.0100% | 1h | $19K | $24K | 5x | as long as short |
| 01 Exchange PENGUUSD | −0.289% | +0.0232% | 1h | $166 | $28 | 5x | as long as short |
| GMX PENGU/USD [WBTC.b-USDC] | −0.266% | L +0.0491% / S −0.0660% | 1h | $109K | — | 100x | as long as short |
| Reya PENGURUSDPERP | −0.265% | +0.0235% | 1h | $292 | — | 10x | as long as short |
| Nado PENGU-PERP | −0.263% | +0.0100% | 1h | $637K | $663K | 5x | as long as short |
| gTrade (Gains Network) PENGU/USD | −0.253% | L +0.0007% / S −0.0003% | 1h | $33K | — | 150x | as long as short |
| dYdX PENGU-USD | −0.181% | +0.8472% | 1h | $11K | $5K | 5x | as long as short |
| Pacifica PENGU | −0.162% | +0.0100% | 1h | $203K | $129K | 5x | as long as short |
| BloFin PENGU-USDT | −0.139% | +0.0340% | 4h | $1.5M | $1.5M | 75x | as long as short |
Show all 33 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| SoDEX PENGU-USD | −0.116% | +0.0100% | 1h | $969 | $14K | 5x | as long as short |
| Orderly PERP_PENGU_USDC | −0.093% | +0.0098% | 4h | $16K | $184K | 20x | as long as short |
| Deribit PENGU_USDC-PERPETUAL | −0.058% | 0.0000% | 1h | $19K | $7K | 10x | as long as short |
| Aevo PENGU-PERP | −0.047% | +0.0104% | 1h | $200K | $17K | 3x | as long as short |
| HTX PENGU-USDT | −0.047% | +0.0100% | 4h | $100K | $220K | 25x | as long as short |
| Lighter PENGU | −0.012% | +0.0096% | 1h | $308K | $474K | 8x | as long as short |
| Backpack PENGU_USDC_PERP | −0.012% | +0.0100% | 1h | $307K | $308K | 10x | as long as short |
| Kraken Futures PF_PENGUUSDlong | 0.000% | +0.0122% | 1h | $359K | $861K | 50x | |
| ApeX Omni PENGUUSDT | +0.034% | +0.0100% | 1h | $79K | $253K | 50x | as long as short |
| Aster PENGUUSDT | +0.040% | +0.0100% | 4h | $177K | $347K | 20x | as long as short |
| Bybit PENGUUSDT | +0.069% | +0.0100% | 4h | $22.2M | $26.7M | 75x | as long as short |
| Gate PENGU_USDT | +0.092% | −0.0192% | 4h | $3.6M | $12.5M | 75x | as long as short |
| BingX PENGU-USDC | +0.092% | +0.0100% | 4h | — | $2.3M | — | as long as short |
| OKX PENGU-USDT-SWAP | +0.126% | +0.0100% | 4h | $7.6M | $40.0M | 50x | as long as short |
| MEXC PENGU_USDT | +0.138% | +0.0100% | 4h | $11.4M | $10.9M | 125x | as long as short |
| Binance PENGUUSDTshort | +0.151% | +0.0100% | 4h | $37.0M | $125.8M | 75x | |
| Extended PENGU-USD | +0.160% | +0.0104% | 1h | $178K | $676K | 10x | as long as short |
| KuCoin PENGUUSDTM | +0.161% | +0.0100% | 4h | $5.2M | $7.0M | 75x | as long as short |
| Bitget PENGUUSDT | +0.242% | +0.0100% | 4h | $8.4M | $9.4M | 75x | as long as short |
| Hyperliquid PENGU | +0.265% | +0.0443% | 1h | $9.8M | $9.5M | 5x | as long as short |
| Coinbase International PENGU-PERP-INTX | +0.830% | +0.2912% | 1h | $92K | $130K | 50x | as long as short |
| Injective PENGU/USDC PERP | +1.465% | +0.5000% | 1h | $3K | $91K | 5.5x | as long as short |
| SunX PENGU-USDT | +2.053% | +0.0100% | 4h | $3K | $2.0M | 10x | as long as short |