After costs, if the gap returns to its 7d average, $10k−$112
spread now−0.385%7d average−0.128%fees + slippage, in and out−$86spread needed0.862%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kraken Futures PF_PENGUUSD | 0.008737 | 0.0520 | pay 0.0065% / 1h | 47m 03s | $371K | $769K | 50x |
| Short | Bybit PENGUUSDT | 0.008703 | 0.0100 | get 0.0050% / 4h | 47m 03s | $21.9M | $21.3M | 75x |
Kraken Futures PF_PENGUUSD
Bybit 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
- −$38.48
- Funding while held
- −$12.61
- Slippage, 4 orders
- −$65.19
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$137.27
- Spread needed to break even
- 0.862%
Slippage from Kraken Futures: live order book, 3 min ago; Bybit: live order book, 3 min ago.
Cost of waiting
funding view- Funding /8h
- −0.0420%
- Per $10,000 a day
- −$12.61
- 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, 3 min ago | 20.07 bp | 25.5 bp −$25 | 59.8 bp −$598 | doesn't fit | doesn't fit |
| Sell Bybit live order book, 3 min ago | 0.57 bp | 10.9 bp −$11 | 21.2 bp −$212 | doesn't fit | doesn't fit |
PENGU price on every exchange
against the cheapest. Click to use as the short leg.Injective0.007874cheapest
Arcus0.008680+10.236%Pacifica0.008685+10.300%Variational Omni0.008685+10.305%dYdX0.008687+10.331%01 Exchange0.008688+10.338%Nado0.008689+10.357%Reya0.008691+10.373%GMX0.008698+10.465%ApeX Omni0.008700+10.490%
Injective
Arcus
Pacifica
Variational Omni
dYdX
Nado
Reya
GMX
ApeX OmniBybit0.008703+10.528%
HTX0.008703+10.528%gTrade (Gains Network)0.008704+10.541%OKX0.008706+10.566%Aevo0.008716+10.693%Binance0.008717+10.704%Orderly0.008718+10.719%Extended0.008720+10.743%SoDEX0.008722+10.770%Deribit0.008725+10.808%BloFin0.008725+10.808%Gate0.008727+10.833%Backpack0.008728+10.846%KuCoin0.008729+10.859%Aster0.008729+10.865%MEXC0.008730+10.871%BingX0.008730+10.871%Lighter0.008731+10.884%Hyperliquid0.008734+10.922%
HTX
gTrade (Gains Network)
OKX
Aevo
Binance
Orderly
Extended
SoDEX
Deribit
BloFin
Gate
Backpack
KuCoin
Aster
MEXC
BingX
Lighter
HyperliquidKraken Futures0.008737+10.955%
Bitget0.008737+10.960%Coinbase International0.008824+12.065%SunX0.008942+13.564%
Bitget
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 | −9.874% | +0.0033% | 1h | $3K | $116K | 5.5x | as long as short |
| Arcus PENGU-USD | −0.648% | +0.0100% | 1h | $4K | $9K | 5x | as long as short |
| Pacifica PENGU | −0.591% | +0.0100% | 1h | $204K | $124K | 5x | as long as short |
| Variational Omni PENGU | −0.586% | +0.0100% | 4h | $702K | $299K | — | as long as short |
| dYdX PENGU-USD | −0.563% | 0.0000% | 1h | $10K | $1K | 5x | as long as short |
| 01 Exchange PENGUUSD | −0.556% | −0.0056% | 1h | $167 | $28 | 5x | as long as short |
| Nado PENGU-PERP | −0.539% | +0.0100% | 1h | $223K | $294K | 5x | as long as short |
| Reya PENGURUSDPERP | −0.525% | +0.0235% | 1h | $293 | — | 10x | as long as short |
| GMX PENGU/USD [WBTC.b-USDC] | −0.442% | L +0.0391% / S −0.0366% | 1h | $86K | — | 100x | as long as short |
| ApeX Omni PENGUUSDT | −0.419% | +0.0100% | 1h | $75K | $250K | 50x | as long as short |
Show all 33 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Bybit PENGUUSDTshort | −0.385% | +0.0100% | 4h | $21.9M | $21.3M | 75x | |
| HTX PENGU-USDT | −0.385% | +0.0100% | 4h | $97K | $183K | 25x | as long as short |
| gTrade (Gains Network) PENGU/USD | −0.373% | L +0.0007% / S −0.0003% | 1h | $33K | — | 150x | as long as short |
| OKX PENGU-USDT-SWAP | −0.350% | +0.0100% | 4h | $7.7M | $34.3M | 50x | as long as short |
| Aevo PENGU-PERP | −0.236% | +0.0104% | 1h | $201K | $17K | 3x | as long as short |
| Binance PENGUUSDT | −0.227% | +0.0100% | 4h | $37.6M | $104.8M | 75x | as long as short |
| Orderly PERP_PENGU_USDC | −0.213% | +0.0096% | 4h | $17K | $175K | 20x | as long as short |
| Extended PENGU-USD | −0.192% | +0.0104% | 1h | $193K | $665K | 10x | as long as short |
| SoDEX PENGU-USD | −0.167% | +0.0100% | 1h | $984 | $14K | 5x | as long as short |
| Deribit PENGU_USDC-PERPETUAL | −0.133% | 0.0000% | 1h | $22K | $4K | 10x | as long as short |
| BloFin PENGU-USDT | −0.133% | +0.0340% | 4h | $1.5M | $890K | 75x | as long as short |
| Gate PENGU_USDT | −0.110% | +0.0100% | 4h | $3.8M | $8.6M | 75x | as long as short |
| Backpack PENGU_USDC_PERP | −0.099% | +0.0100% | 1h | $301K | $265K | 10x | as long as short |
| KuCoin PENGUUSDTM | −0.087% | +0.0100% | 4h | $4.8M | $6.5M | 75x | as long as short |
| Aster PENGUUSDT | −0.082% | +0.0100% | 4h | $177K | $318K | 20x | as long as short |
| MEXC PENGU_USDT | −0.076% | +0.0100% | 4h | $12.2M | $9.0M | 125x | as long as short |
| BingX PENGU-USDT | −0.076% | +0.0100% | 4h | — | $3.7M | — | as long as short |
| Lighter PENGU | −0.064% | +0.0096% | 1h | $304K | $442K | 8x | as long as short |
| Hyperliquid PENGU | −0.030% | +0.0100% | 1h | $8.5M | $6.5M | 5x | as long as short |
| Kraken Futures PF_PENGUUSDlong | 0.000% | +0.0520% | 1h | $371K | $769K | 50x | |
| Bitget PENGUUSDT | +0.004% | +0.0100% | 4h | $8.6M | $7.8M | 75x | as long as short |
| Coinbase International PENGU-PERP-INTX | +1.000% | +0.2520% | 1h | $85K | $190K | 50x | as long as short |
| SunX PENGU-USDT | +2.351% | +0.0100% | 4h | $2K | $1.7M | 10x | as long as short |