Spread before costs (cost unknown: a leg has no order-book sample)−0.049%
7d average—if it closes, per $10,000$5funding while held, a day−$0.56
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kraken Futures PF_PENGUUSD | 0.008894 | 0.0119 | pay 0.0015% / 1h | 42m 21s | $370K | $843K | 50x |
| Short | SoDEX PENGU-USD | 0.008890 | 0.0100 | get 0.0013% / 1h | 42m 21s | $1K | $14K | 5x |
Kraken Futures PF_PENGUUSD
SoDEX PENGU-USDPrice 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
- −$4.86
- Funding while held
- −$0.56
- Slippage, 4 orders
- no order book: not counted
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee SoDEX: 4 bp × 2 orders
- −$8
- Net
- −$23.42
- Spread needed to break even
- 0.180%
Slippage unknown: Kraken Futures: live order book, 2 min ago; SoDEX: no order-book sample. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- −0.0019%
- Per $10,000 a day
- −$0.56
- 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, 2 min ago | 13.38 bp | 46.7 bp −$47 | 64.2 bp −$642 | doesn't fit | doesn't fit |
| Sell SoDEX no order-book sample | — | — | — | — | — |
SoDEX: 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.SoDEX0.008890cheapest
Extended0.008890+0.000%Deribit0.008891+0.011%OKX0.008892+0.022%Bybit0.008894+0.045%Orderly0.008894+0.045%
Extended
Deribit
OKX
Bybit
OrderlyKraken Futures0.008894+0.049%
Aevo0.008895+0.056%GMX0.008918+0.315%Binance0.008920+0.336%gTrade (Gains Network)0.008921+0.344%BingX0.008923+0.371%Gate0.008926+0.405%ApeX Omni0.008930+0.450%Variational Omni0.008934+0.494%MEXC0.008934+0.495%KuCoin0.008934+0.495%Reya0.008936+0.518%Bitget0.008948+0.652%Hyperliquid0.008952+0.697%Injective0.008958+0.765%Arcus0.008960+0.787%Pacifica0.008963+0.821%Backpack0.008963+0.821%dYdX0.008963+0.824%BloFin0.008966+0.855%Lighter0.008967+0.866%Nado0.008971+0.914%Aster0.008972+0.927%01 Exchange0.008973+0.934%HTX0.008994+1.170%Coinbase International0.009047+1.766%SunX0.009102+2.385%
Aevo
GMX
Binance
gTrade (Gains Network)
BingX
Gate
ApeX Omni
Variational Omni
MEXC
KuCoin
Reya
Bitget
Hyperliquid
Injective
Arcus
Pacifica
Backpack
dYdX
BloFin
Lighter
Nado
Aster
HTX
Coinbase International
SunXPENGU on 33 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| SoDEX PENGU-USDshort | −0.049% | +0.0100% | 1h | $1K | $14K | 5x | |
| Extended PENGU-USD | −0.048% | +0.0104% | 1h | $194K | $669K | 10x | as long as short |
| Deribit PENGU_USDC-PERPETUAL | −0.037% | −0.0200% | 1h | $21K | $6K | 10x | as long as short |
| OKX PENGU-USDT-SWAP | −0.026% | +0.0100% | 4h | $8.1M | $39.7M | 50x | as long as short |
| Bybit PENGUUSDT | −0.004% | +0.0100% | 4h | $23.4M | $24.9M | 75x | as long as short |
| Orderly PERP_PENGU_USDC | −0.004% | +0.0099% | 4h | $16K | $186K | 20x | as long as short |
| Kraken Futures PF_PENGUUSDlong | 0.000% | +0.0119% | 1h | $370K | $843K | 50x | |
| Aevo PENGU-PERP | +0.008% | +0.0104% | 1h | $205K | $17K | 3x | as long as short |
| GMX PENGU/USD [WBTC.b-USDC] | +0.266% | L +0.0503% / S −0.0679% | 1h | $112K | — | 100x | as long as short |
| Binance PENGUUSDT | +0.287% | +0.0100% | 4h | $38.8M | $121.6M | 75x | as long as short |