After costs, if the gap returns to its 7d average, $10k−$44
spread now+0.105%7d average−0.051%fees + slippage, in and out−$60spread needed0.599%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kraken Futures PF_PENGUUSD | 0.008655 | −0.0074 | get 0.0009% / 1h | 45m 27s | $303K | $978K | 50x |
| Short | Hyperliquid PENGU | 0.008664 | 0.0100 | get 0.0013% / 1h | 45m 27s | $9.6M | $12.0M | 5x |
Kraken Futures PF_PENGUUSD
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
- $10.5
- Funding while held
- $5.22
- Slippage, 4 orders
- −$40.91
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- −$44.19
- Spread needed to break even
- 0.599%
Slippage from Kraken Futures: live order book, 54 min ago; Hyperliquid: live order book, 9 min ago.
Cost of waiting
funding view- Funding /8h
- +0.0174%
- Per $10,000 a day
- +$5.22
- 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, 54 min ago | 10.43 bp | 22.7 bp −$23 | 37.2 bp −$372 | doesn't fit | doesn't fit |
| Sell Hyperliquid live order book, 9 min ago | 0.58 bp | 7.2 bp −$7 | 16.3 bp −$163 | doesn't fit | doesn't fit |
PENGU price on every exchange
against the cheapest. Click to use as the short leg.ApeX Omni0.008628cheapestBloFin0.008635+0.081%BingX0.008640+0.139%Variational Omni0.008642+0.159%Bybit0.008646+0.209%Nado0.008646+0.209%Aevo0.008646+0.209%SoDEX0.008647+0.220%Backpack0.008649+0.243%Orderly0.008650+0.255%Deribit0.008651+0.267%gTrade (Gains Network)0.008655+0.307%
ApeX Omni
BloFin
BingX
Variational Omni
Bybit
Nado
Aevo
SoDEX
Backpack
Orderly
Deribit
gTrade (Gains Network)Kraken Futures0.008655+0.312%
Binance0.008655+0.313%OKX0.008655+0.313%GMX0.008655+0.313%Reya0.008655+0.317%Gate0.008656+0.325%MEXC0.008656+0.325%dYdX0.008656+0.326%Extended0.008657+0.334%KuCoin0.008658+0.348%Lighter0.008660+0.371%Arcus0.008660+0.371%Bitget0.008660+0.371%HTX0.008661+0.382%Aster0.008662+0.390%Pacifica0.008662+0.394%01 Exchange0.008663+0.406%
Binance
OKX
GMX
Reya
Gate
MEXC
dYdX
Extended
KuCoin
Lighter
Arcus
Bitget
HTX
Aster
PacificaHyperliquid0.008664+0.417%
Coinbase International0.008761+1.541%Injective0.008792+1.901%SunX0.008859+2.677%
Coinbase International
Injective
SunXPENGU on 33 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| ApeX Omni PENGUUSDT | −0.311% | +0.0100% | 1h | $79K | $252K | 50x | as long as short |
| BloFin PENGU-USDT | −0.230% | +0.0340% | 4h | $1.5M | $1.6M | 75x | as long as short |
| BingX PENGU-USDC | −0.172% | +0.0100% | 4h | — | $2.3M | — | as long as short |
| Variational Omni PENGU | −0.153% | +0.0100% | 4h | $769K | $525K | — | as long as short |
| Bybit PENGUUSDT | −0.103% | +0.0100% | 4h | $22.0M | $27.5M | 75x | as long as short |
| Nado PENGU-PERP | −0.103% | +0.0100% | 1h | $630K | $682K | 5x | as long as short |
| Aevo PENGU-PERP | −0.103% | +0.0104% | 1h | $200K | $17K | 3x | as long as short |
| SoDEX PENGU-USD | −0.091% | +0.0100% | 1h | $975 | $14K | 5x | as long as short |
| Backpack PENGU_USDC_PERP | −0.068% | +0.0100% | 1h | $305K | $305K | 10x | as long as short |
| Orderly PERP_PENGU_USDC | −0.057% | +0.0096% | 4h | $21K | $187K | 20x | as long as short |
Show all 33 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Deribit PENGU_USDC-PERPETUAL | −0.045% | 0.0000% | 1h | $19K | $7K | 10x | as long as short |
| gTrade (Gains Network) PENGU/USD | −0.005% | L +0.0007% / S −0.0003% | 1h | $33K | — | 150x | as long as short |
| Kraken Futures PF_PENGUUSDlong | 0.000% | −0.0074% | 1h | $303K | $978K | 50x | |
| Binance PENGUUSDT | +0.001% | +0.0100% | 4h | $36.6M | $129.3M | 75x | as long as short |
| OKX PENGU-USDT-SWAP | +0.001% | +0.0100% | 4h | $8.0M | $40.6M | 50x | as long as short |
| GMX PENGU/USD [WBTC.b-USDC] | +0.001% | L +0.0501% / S −0.0698% | 1h | $111K | — | 100x | as long as short |
| Reya PENGURUSDPERP | +0.005% | +0.0236% | 1h | $292 | — | 10x | as long as short |
| Gate PENGU_USDT | +0.013% | −0.0096% | 4h | $3.6M | $12.9M | 75x | as long as short |
| MEXC PENGU_USDT | +0.013% | +0.0100% | 4h | $11.3M | $10.7M | 125x | as long as short |
| dYdX PENGU-USD | +0.014% | 0.0000% | 1h | $11K | $5K | 5x | as long as short |
| Extended PENGU-USD | +0.022% | +0.0104% | 1h | $178K | $678K | 10x | as long as short |
| KuCoin PENGUUSDTM | +0.036% | +0.0100% | 4h | $5.2M | $7.2M | 75x | as long as short |
| Lighter PENGU | +0.059% | +0.0096% | 1h | $312K | $492K | 8x | as long as short |
| Arcus PENGU-USD | +0.059% | +0.0100% | 1h | $19K | $23K | 5x | as long as short |
| Bitget PENGUUSDT | +0.059% | +0.0100% | 4h | $8.4M | $9.8M | 75x | as long as short |
| HTX PENGU-USDT | +0.070% | +0.0100% | 4h | $96K | $234K | 25x | as long as short |
| Aster PENGUUSDT | +0.077% | +0.0100% | 4h | $205K | $366K | 20x | as long as short |
| Pacifica PENGU | +0.082% | +0.0100% | 1h | $205K | $133K | 5x | as long as short |
| 01 Exchange PENGUUSD | +0.093% | +0.0176% | 1h | $167 | $28 | 5x | as long as short |
| Hyperliquid PENGUshort | +0.105% | +0.0100% | 1h | $9.6M | $12.0M | 5x | |
| Coinbase International PENGU-PERP-INTX | +1.226% | +0.2920% | 1h | $92K | $127K | 50x | as long as short |
| Injective PENGU/USDC PERP | +1.584% | +0.0033% | 1h | $3K | $24K | 5.5x | as long as short |
| SunX PENGU-USDT | +2.358% | +0.0100% | 4h | $3K | $2.0M | 10x | as long as short |