Spread before costs (cost unknown: a leg has no order-book sample)−0.123%
7d average−0.102%if it closes, per $10,000$12funding while held, a day−$0.70
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kraken Futures PF_PENGUUSD | 0.008688 | 0.0122 | pay 0.0015% / 1h | 59m 37s | $358K | $854K | 50x |
| Short | Orderly PERP_PENGU_USDC | 0.008677 | 0.0098 | get 0.0049% / 4h | 2h 59m | $16K | $184K | 20x |
Kraken Futures PF_PENGUUSD
Orderly PERP_PENGU_USDCPrice 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
- −$12.29
- Funding while held
- −$0.7
- Slippage, 4 orders
- no order book: not counted
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee Orderly: 3 bp × 2 orders
- −$6
- Net
- −$29
- Spread needed to break even
- 0.160%
Slippage unknown: Kraken Futures: live order book, 45 min ago; Orderly: no order-book sample. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- −0.0023%
- Per $10,000 a day
- −$0.70
- 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, 45 min ago | 13.38 bp | 46.7 bp −$47 | 64.2 bp −$642 | doesn't fit | doesn't fit |
| Sell Orderly no order-book sample | — | — | — | — | — |
Orderly: 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.BingX0.008645cheapestBybit0.008659+0.162%Arcus0.008660+0.174%Gate0.008661+0.185%Bitget0.008662+0.197%Pacifica0.008665+0.231%Binance0.008666+0.243%OKX0.008666+0.243%KuCoin0.008666+0.243%Extended0.008666+0.247%MEXC0.008667+0.254%Lighter0.008669+0.278%dYdX0.008671+0.298%Variational Omni0.008671+0.304%Hyperliquid0.008675+0.347%SoDEX0.008675+0.347%BloFin0.008675+0.347%Aevo0.008676+0.359%Backpack0.008677+0.370%
BingX
Bybit
Arcus
Gate
Bitget
Pacifica
Binance
OKX
KuCoin
Extended
MEXC
Lighter
dYdX
Variational Omni
Hyperliquid
SoDEX
BloFin
Aevo
BackpackOrderly0.008677+0.370%
Deribit0.008679+0.393%Nado0.008681+0.416%Reya0.008681+0.417%GMX0.008683+0.440%gTrade (Gains Network)0.008683+0.443%Aster0.008684+0.446%
Deribit
Nado
Reya
GMX
gTrade (Gains Network)
AsterKraken Futures0.008688+0.494%
01 Exchange0.008692+0.544%ApeX Omni0.008693+0.555%HTX0.008698+0.613%Injective0.008792+1.700%Coinbase International0.008801+1.805%SunX0.008893+2.869%
ApeX Omni
HTX
Injective
Coinbase International
SunXPENGU on 33 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| BingX PENGU-USDC | −0.491% | +0.0100% | 4h | — | $2.3M | — | as long as short |
| Bybit PENGUUSDT | −0.330% | +0.0100% | 4h | $22.1M | $26.6M | 75x | as long as short |
| Arcus PENGU-USD | −0.319% | +0.0100% | 1h | $19K | $23K | 5x | as long as short |
| Gate PENGU_USDT | −0.307% | −0.0074% | 4h | $3.6M | $12.4M | 75x | as long as short |
| Bitget PENGUUSDT | −0.296% | +0.0100% | 4h | $8.4M | $9.4M | 75x | as long as short |
| Pacifica PENGU | −0.261% | +0.0100% | 1h | $203K | $130K | 5x | as long as short |
| Binance PENGUUSDT | −0.250% | +0.0100% | 4h | $36.8M | $125.3M | 75x | as long as short |
| OKX PENGU-USDT-SWAP | −0.250% | +0.0100% | 4h | $7.7M | $39.7M | 50x | as long as short |
| KuCoin PENGUUSDTM | −0.250% | +0.0100% | 4h | $5.2M | $6.9M | 75x | as long as short |
| Extended PENGU-USD | −0.246% | +0.0104% | 1h | $178K | $676K | 10x | as long as short |