After costs, if the gap returns to its 7d average, $10k−$28
spread now+0.116%7d average−0.091%fees + slippage, in and out−$49spread needed0.490%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter PENGU | 0.008591 | 0.0096 | pay 0.0012% / 1h | 57m 07s | $300K | $439K | 8x |
| Short | Bybit PENGUUSDT | 0.008601 | 0.0100 | get 0.0050% / 4h | 57m 07s | $21.4M | $20.7M | 75x |
Lighter PENGU
Bybit PENGUUSDTPrice 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
- $11.64
- Funding while held
- $0.12
- Slippage, 4 orders
- −$38.01
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$37.25
- Spread needed to break even
- 0.490%
Slippage from Lighter: live order book, 49 min ago; Bybit: live order book, 3 min ago.
Cost of waiting
funding view- Funding /8h
- +0.0004%
- Per $10,000 a day
- +$0.12
- 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 Lighter live order book, 49 min ago | 4.85 bp | 9.2 bp −$9 | 74.8 bp −$748 | doesn't fit | doesn't fit |
| Sell Bybit live order book, 3 min ago | 0.59 bp | 10.8 bp −$11 | 37.7 bp −$377 | 169.0 bp −$16.9K | doesn't fit |
PENGU price on every exchange
against the cheapest. Click to use as the short leg.Injective0.007874cheapest
Variational Omni0.008500+7.953%01 Exchange0.008534+8.382%Arcus0.008540+8.458%ApeX Omni0.008548+8.560%Pacifica0.008565+8.776%dYdX0.008571+8.847%Reya0.008572+8.869%Nado0.008574+8.890%gTrade (Gains Network)0.008575+8.908%GMX0.008577+8.928%Orderly0.008579+8.954%Aevo0.008582+8.992%Deribit0.008582+8.992%Aster0.008587+9.060%
Injective
Variational Omni
Arcus
ApeX Omni
Pacifica
dYdX
Reya
Nado
gTrade (Gains Network)
GMX
Orderly
Aevo
Deribit
AsterLighter0.008591+9.106%
Kraken Futures0.008593+9.126%HTX0.008593+9.131%SoDEX0.008595+9.157%BloFin0.008595+9.157%Backpack0.008599+9.208%
Kraken Futures
HTX
SoDEX
BloFin
BackpackBybit0.008601+9.233%
BingX0.008601+9.233%Gate0.008602+9.246%KuCoin0.008604+9.271%Extended0.008605+9.279%MEXC0.008606+9.296%OKX0.008609+9.335%Coinbase International0.008609+9.335%Hyperliquid0.008610+9.347%Binance0.008611+9.360%Bitget0.008614+9.398%SunX0.008812+11.913%
BingX
Gate
KuCoin
Extended
MEXC
OKX
Coinbase International
Hyperliquid
Binance
Bitget
SunXPENGU on 33 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Injective PENGU/USDC PERP | −8.346% | +0.0033% | 1h | $3K | $116K | 5.5x | as long as short |
| Variational Omni PENGU | −1.057% | +0.0100% | 4h | $687K | $287K | — | as long as short |
| 01 Exchange PENGUUSD | −0.663% | +0.0040% | 1h | $164 | $28 | 5x | as long as short |
| Arcus PENGU-USD | −0.594% | +0.0100% | 1h | $4K | $9K | 5x | as long as short |
| ApeX Omni PENGUUSDT | −0.501% | +0.0100% | 1h | $74K | $250K | 50x | as long as short |
| Pacifica PENGU | −0.303% | +0.0100% | 1h | $201K | $124K | 5x | as long as short |
| dYdX PENGU-USD | −0.237% | 0.0000% | 1h | $10K | $1K | 5x | as long as short |
| Reya PENGURUSDPERP | −0.217% | +0.0235% | 1h | $289 | — | 10x | as long as short |
| Nado PENGU-PERP | −0.198% | +0.0064% | 1h | $220K | $286K | 5x | as long as short |
| gTrade (Gains Network) PENGU/USD | −0.181% | L +0.0007% / S −0.0003% | 1h | $33K | — | 150x | as long as short |
Show all 33 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| GMX PENGU/USD [WBTC.b-USDC] | −0.163% | L +0.0388% / S −0.0364% | 1h | $85K | — | 100x | as long as short |
| Orderly PERP_PENGU_USDC | −0.140% | +0.0096% | 4h | $17K | $175K | 20x | as long as short |
| Aevo PENGU-PERP | −0.105% | +0.0104% | 1h | $198K | $17K | 3x | as long as short |
| Deribit PENGU_USDC-PERPETUAL | −0.105% | 0.0000% | 1h | $21K | $4K | 10x | as long as short |
| Aster PENGUUSDT | −0.042% | +0.0100% | 4h | $172K | $317K | 20x | as long as short |
| Lighter PENGUlong | 0.000% | +0.0096% | 1h | $300K | $439K | 8x | |
| Kraken Futures PF_PENGUUSD | +0.019% | +0.0529% | 1h | $368K | $765K | 50x | as long as short |
| HTX PENGU-USDT | +0.023% | +0.0100% | 4h | $96K | $181K | 25x | as long as short |
| SoDEX PENGU-USD | +0.047% | +0.0100% | 1h | $966 | $14K | 5x | as long as short |
| BloFin PENGU-USDT | +0.047% | +0.0340% | 4h | $1.5M | $871K | 75x | as long as short |
| Backpack PENGU_USDC_PERP | +0.093% | +0.0100% | 1h | $297K | $261K | 10x | as long as short |
| Bybit PENGUUSDTshort | +0.116% | +0.0100% | 4h | $21.4M | $20.7M | 75x | |
| BingX PENGU-USDC | +0.116% | +0.0100% | 4h | — | $2.3M | — | as long as short |
| Gate PENGU_USDT | +0.128% | +0.0100% | 4h | $3.7M | $8.2M | 75x | as long as short |
| KuCoin PENGUUSDTM | +0.151% | +0.0100% | 4h | $4.8M | $6.5M | 75x | as long as short |
| Extended PENGU-USD | +0.159% | +0.0104% | 1h | $167K | $640K | 10x | as long as short |
| MEXC PENGU_USDT | +0.175% | +0.0100% | 4h | $11.8M | $8.7M | 125x | as long as short |
| OKX PENGU-USDT-SWAP | +0.210% | +0.0100% | 4h | $7.3M | $32.7M | 50x | as long as short |
| Coinbase International PENGU-PERP-INTX | +0.210% | +0.2520% | 1h | $83K | $188K | 50x | as long as short |
| Hyperliquid PENGU | +0.221% | +0.0134% | 1h | $8.3M | $6.3M | 5x | as long as short |
| Binance PENGUUSDT | +0.233% | +0.0100% | 4h | $37.0M | $101.4M | 75x | as long as short |
| Bitget PENGUUSDT | +0.268% | +0.0100% | 4h | $8.5M | $7.6M | 75x | as long as short |
| SunX PENGU-USDT | +2.572% | +0.0100% | 4h | $3K | $1.7M | 10x | as long as short |