After costs, if the gap returns to its 7d average, $10k−$63
spread now0.000%7d average−0.011%fees + slippage, in and out−$64spread needed0.638%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter PENGU | 0.008666 | 0.0096 | pay 0.0012% / 1h | 18m 49s | $301K | $448K | 8x |
| Short | Hyperliquid PENGU | 0.008666 | 0.0100 | get 0.0013% / 1h | 18m 49s | $8.3M | $6.7M | 5x |
Lighter PENGU
Hyperliquid PENGUPrice 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
- Funding while held
- $0.12
- Slippage, 4 orders
- −$54.77
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- −$63.65
- Spread needed to break even
- 0.638%
Slippage from Lighter: live order book, 23 min ago; Hyperliquid: live order book, 5 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, 23 min ago | 4.67 bp | 28.9 bp −$29 | 106.1 bp −$1,061 | doesn't fit | doesn't fit |
| Sell Hyperliquid live order book, 5 min ago | 1.74 bp | 9.4 bp −$9 | doesn't fit | doesn't fit | doesn't fit |
PENGU price on every exchange
against the cheapest. Click to use as the short leg.Variational Omni0.008555cheapestApeX Omni0.008610+0.646%dYdX0.008625+0.820%Pacifica0.008628+0.856%Arcus0.008630+0.879%01 Exchange0.008633+0.914%HTX0.008635+0.938%Reya0.008639+0.984%GMX0.008642+1.020%gTrade (Gains Network)0.008642+1.025%Nado0.008656+1.183%Bybit0.008657+1.195%BloFin0.008658+1.207%OKX0.008660+1.230%Deribit0.008661+1.242%Gate0.008662+1.253%BingX0.008662+1.253%Orderly0.008662+1.253%Aevo0.008662+1.253%SoDEX0.008662+1.253%
Variational Omni
ApeX Omni
dYdX
Pacifica
Arcus
HTX
Reya
GMX
gTrade (Gains Network)
Nado
Bybit
BloFin
OKX
Deribit
Gate
BingX
Orderly
Aevo
SoDEXHyperliquid0.008666+1.300%
Lighter0.008666+1.300%
Extended0.008666+1.303%KuCoin0.008667+1.312%Backpack0.008667+1.312%Aster0.008667+1.314%Binance0.008667+1.315%MEXC0.008668+1.324%Bitget0.008669+1.335%Kraken Futures0.008676+1.414%Coinbase International0.008730+2.048%SunX0.008867+3.650%
Extended
KuCoin
Backpack
Aster
Binance
MEXC
Bitget
Kraken Futures
Coinbase International
SunXInjective0.009138+6.818%
InjectivePENGU on 33 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Variational Omni PENGU | −1.283% | +0.0100% | 4h | $670K | $335K | — | as long as short |
| ApeX Omni PENGUUSDT | −0.646% | +0.0100% | 1h | $75K | $251K | 50x | as long as short |
| dYdX PENGU-USD | −0.474% | 0.0000% | 1h | $10K | $1K | 5x | as long as short |
| Pacifica PENGU | −0.438% | +0.0100% | 1h | $202K | $125K | 5x | as long as short |
| Arcus PENGU-USD | −0.415% | +0.0100% | 1h | $4K | $9K | 5x | as long as short |
| 01 Exchange PENGUUSD | −0.381% | −0.0080% | 1h | $166 | $28 | 5x | as long as short |
| HTX PENGU-USDT | −0.358% | +0.0100% | 4h | $96K | $183K | 25x | as long as short |
| Reya PENGURUSDPERP | −0.312% | +0.0235% | 1h | $292 | — | 10x | as long as short |
| GMX PENGU/USD [WBTC.b-USDC] | −0.277% | L +0.0477% / S −0.0525% | 1h | $110K | — | 100x | as long as short |
| gTrade (Gains Network) PENGU/USD | −0.272% | 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 | |
|---|---|---|---|---|---|---|---|
| Nado PENGU-PERP | −0.115% | +0.0100% | 1h | $223K | $310K | 5x | as long as short |
| Bybit PENGUUSDT | −0.104% | +0.0100% | 4h | $21.8M | $22.3M | 75x | as long as short |
| BloFin PENGU-USDT | −0.092% | +0.0340% | 4h | $1.5M | $924K | 75x | as long as short |
| OKX PENGU-USDT-SWAP | −0.069% | +0.0100% | 4h | $7.6M | $35.9M | 50x | as long as short |
| Deribit PENGU_USDC-PERPETUAL | −0.058% | 0.0000% | 1h | $22K | $4K | 10x | as long as short |
| Gate PENGU_USDT | −0.046% | +0.0100% | 4h | $3.7M | $9.8M | 75x | as long as short |
| BingX PENGU-USDT | −0.046% | +0.0100% | 4h | — | $3.8M | — | as long as short |
| Orderly PERP_PENGU_USDC | −0.046% | +0.0098% | 4h | $21K | $179K | 20x | as long as short |
| Aevo PENGU-PERP | −0.046% | +0.0104% | 1h | $200K | $17K | 3x | as long as short |
| SoDEX PENGU-USD | −0.046% | +0.0100% | 1h | $984 | $14K | 5x | as long as short |
| Hyperliquid PENGUshort | 0.000% | +0.0100% | 1h | $8.3M | $6.7M | 5x | |
| Lighter PENGUlong | 0.000% | +0.0096% | 1h | $301K | $448K | 8x | |
| Extended PENGU-USD | +0.002% | +0.0104% | 1h | $191K | $665K | 10x | as long as short |
| KuCoin PENGUUSDTM | +0.012% | +0.0100% | 4h | $5.0M | $6.7M | 75x | as long as short |
| Backpack PENGU_USDC_PERP | +0.012% | −0.0168% | 1h | $304K | $278K | 10x | as long as short |
| Aster PENGUUSDT | +0.014% | +0.0100% | 4h | $174K | $321K | 20x | as long as short |
| Binance PENGUUSDT | +0.015% | +0.0100% | 4h | $36.9M | $110.5M | 75x | as long as short |
| MEXC PENGU_USDT | +0.023% | +0.0100% | 4h | $13.8M | $9.9M | 125x | as long as short |
| Bitget PENGUUSDT | +0.035% | +0.0100% | 4h | $8.6M | $8.2M | 75x | as long as short |
| Kraken Futures PF_PENGUUSD | +0.112% | +0.0524% | 1h | $368K | $805K | 50x | as long as short |
| Coinbase International PENGU-PERP-INTX | +0.739% | +0.2520% | 1h | $91K | $133K | 50x | as long as short |
| SunX PENGU-USDT | +2.319% | +0.0100% | 4h | $3K | $1.9M | 10x | as long as short |
| Injective PENGU/USDC PERP | +5.447% | +0.0033% | 1h | $3K | $116K | 5.5x | as long as short |