After costs, if the gap returns to its 7d average, $10k−$108
spread now−0.009%7d average+0.053%fees + slippage, in and out−$101spread needed1.013%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | KuCoin PENGUUSDTM | 0.008524 | 0.0100 | pay 0.0050% / 4h | 31m 11s | $4.9M | $6.6M | 75x |
| Short | Kraken Futures PF_PENGUUSD | 0.008523 | 0.0533 | get 0.0067% / 1h | 31m 11s | $362K | $800K | 50x |
KuCoin PENGUUSDTM
Kraken Futures PF_PENGUUSDPrice 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
- −$0.87
- Funding while held
- $13
- Slippage, 4 orders
- −$79.34
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- −$89.21
- Spread needed to break even
- 1.013%
Slippage from KuCoin: live order book, 3 min ago; Kraken Futures: live order book, 18 min ago.
Cost of waiting
funding view- Funding /8h
- +0.0433%
- Per $10,000 a day
- +$13.00
- 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, 3 min ago | 2.34 bp | 22.6 bp −$23 | 59.1 bp −$591 | doesn't fit | doesn't fit |
| Sell Kraken Futures live order book, 18 min ago | 20.07 bp | 32.5 bp −$32 | 61.9 bp −$619 | doesn't fit | doesn't fit |
PENGU price on every exchange
against the cheapest. Click to use as the short leg.OKX0.008502cheapestBackpack0.008503+0.012%Bybit0.008506+0.047%Hyperliquid0.008508+0.071%Gate0.008508+0.071%BingX0.008508+0.071%Bitget0.008512+0.118%MEXC0.008513+0.129%SoDEX0.008513+0.129%Binance0.008513+0.132%Deribit0.008517+0.176%BloFin0.008517+0.176%Lighter0.008518+0.188%Extended0.008519+0.198%Aevo0.008519+0.200%Variational Omni0.008520+0.208%Orderly0.008521+0.223%
OKX
Backpack
Bybit
Hyperliquid
Gate
BingX
Bitget
MEXC
SoDEX
Binance
Deribit
BloFin
Lighter
Extended
Aevo
Variational Omni
OrderlyKraken Futures0.008523+0.250%
KuCoin0.008524+0.259%
GMX0.008525+0.271%gTrade (Gains Network)0.008525+0.271%Reya0.008529+0.314%01 Exchange0.008529+0.318%Pacifica0.008530+0.329%Arcus0.008530+0.329%ApeX Omni0.008532+0.353%dYdX0.008533+0.362%HTX0.008535+0.388%Aster0.008535+0.388%Nado0.008536+0.397%Coinbase International0.008665+1.917%SunX0.008729+2.670%
GMX
gTrade (Gains Network)
Reya
Pacifica
Arcus
ApeX Omni
dYdX
HTX
Aster
Nado
Coinbase International
SunXInjective0.009211+8.339%
InjectivePENGU on 33 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| OKX PENGU-USDT-SWAP | −0.258% | +0.0100% | 4h | $7.4M | $34.7M | 50x | as long as short |
| Backpack PENGU_USDC_PERP | −0.246% | −0.0262% | 1h | $298K | $268K | 10x | as long as short |
| Bybit PENGUUSDT | −0.211% | +0.0100% | 4h | $21.4M | $21.9M | 75x | as long as short |
| Hyperliquid PENGU | −0.188% | +0.0100% | 1h | $8.2M | $6.6M | 5x | as long as short |
| Gate PENGU_USDT | −0.188% | +0.0100% | 4h | $3.7M | $9.5M | 75x | as long as short |
| BingX PENGU-USDT | −0.188% | +0.0100% | 4h | — | $3.8M | — | as long as short |
| Bitget PENGUUSDT | −0.141% | +0.0100% | 4h | $8.5M | $8.1M | 75x | as long as short |
| MEXC PENGU_USDT | −0.129% | +0.0100% | 4h | $12.2M | $9.6M | 125x | as long as short |
| SoDEX PENGU-USD | −0.129% | +0.0100% | 1h | $968 | $14K | 5x | as long as short |
| Binance PENGUUSDT | −0.126% | +0.0100% | 4h | $36.3M | $108.1M | 75x | as long as short |