Spread before costs (cost unknown: a leg has no order-book sample)−0.128%
7d average—if it closes, per $10,000$13funding while held, a day+$17.28
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | KuCoin PENGUUSDTM | 0.008623 | 0.0100 | pay 0.0050% / 4h | 2h 54m | $5.1M | $7.0M | 75x |
| Short | GMX PENGU/USD [WBTC.b-USDC] | 0.008612 | L +0.0490% / S −0.0676% | get 0.0085% / 1h | 54m 40s | $108K | — | 100x |
KuCoin PENGUUSDTM
GMX PENGU/USD [WBTC.b-USDC]Price 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
- −$12.76
- Funding while held
- $17.28
- Slippage, 4 orders
- no order book: not counted
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee GMX: 6 bp × 2 orders
- −$12
- Net
- −$19.47
- Spread needed to break even
- 0.240%
Slippage unknown: KuCoin: live order book, 10 min ago; GMX: no order-book sample. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- +0.0576%
- Per $10,000 a day
- +$17.28
- 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 KuCoin live order book, 10 min ago | 4.02 bp | 28.1 bp −$28 | 65.3 bp −$653 | doesn't fit | doesn't fit |
| Sell GMX no order-book sample | — | — | — | — | — |
GMX: 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.Variational Omni0.008570cheapestArcus0.008580+0.112%Orderly0.008611+0.474%Deribit0.008611+0.474%
Variational Omni
Arcus
Orderly
DeribitGMX0.008612+0.486%
SoDEX0.008613+0.497%Aevo0.008614+0.509%gTrade (Gains Network)0.008615+0.519%Bybit0.008615+0.521%dYdX0.008617+0.543%Gate0.008617+0.544%MEXC0.008617+0.544%BloFin0.008617+0.544%Hyperliquid0.008619+0.567%Binance0.008620+0.579%Pacifica0.008621+0.591%BingX0.008622+0.602%Aster0.008623+0.612%
SoDEX
Aevo
gTrade (Gains Network)
Bybit
dYdX
Gate
MEXC
BloFin
Hyperliquid
Binance
Pacifica
BingX
AsterKuCoin0.008623+0.614%
Backpack0.008623+0.614%Lighter0.008624+0.626%OKX0.008624+0.626%Reya0.008624+0.627%Kraken Futures0.008626+0.644%Bitget0.008629+0.684%HTX0.008629+0.684%Extended0.008633+0.732%01 Exchange0.008639+0.801%Nado0.008640+0.815%ApeX Omni0.008655+0.987%Injective0.008792+2.586%Coinbase International0.008801+2.691%SunX0.008823+2.948%
Backpack
Lighter
OKX
Reya
Kraken Futures
Bitget
HTX
Extended
Nado
ApeX Omni
Injective
Coinbase International
SunXPENGU on 33 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Variational Omni PENGU | −0.610% | +0.0100% | 4h | $764K | $514K | — | as long as short |
| Arcus PENGU-USD | −0.499% | +0.0100% | 1h | $19K | $23K | 5x | as long as short |
| Orderly PERP_PENGU_USDC | −0.139% | +0.0098% | 4h | $16K | $184K | 20x | as long as short |
| Deribit PENGU_USDC-PERPETUAL | −0.139% | −0.0098% | 1h | $19K | $7K | 10x | as long as short |
| GMX PENGU/USD [WBTC.b-USDC]short | −0.128% | L +0.0490% / S −0.0676% | 1h | $108K | — | 100x | |
| SoDEX PENGU-USD | −0.116% | +0.0100% | 1h | $964 | $14K | 5x | as long as short |
| Aevo PENGU-PERP | −0.104% | +0.0104% | 1h | $199K | $17K | 3x | as long as short |
| gTrade (Gains Network) PENGU/USD | −0.094% | L +0.0007% / S −0.0003% | 1h | $33K | — | 150x | as long as short |
| Bybit PENGUUSDT | −0.093% | +0.0100% | 4h | $21.9M | $26.8M | 75x | as long as short |
| dYdX PENGU-USD | −0.070% | 0.0000% | 1h | $11K | $5K | 5x | as long as short |