After costs, if the gap returns to its 7d average, $10k−$94
spread now+0.094%7d average+0.048%fees + slippage, in and out−$99spread needed0.988%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter PENGU | 0.008923 | 0.0096 | pay 0.0012% / 1h | 45m 45s | $316K | $461K | 8x |
| Short | Kraken Futures PF_PENGUUSD | 0.008931 | 0.0118 | get 0.0015% / 1h | 45m 45s | $378K | $827K | 50x |
Lighter PENGU
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
- $9.4
- Funding while held
- $0.67
- Slippage, 4 orders
- −$88.82
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- −$88.76
- Spread needed to break even
- 0.988%
Slippage from Lighter: live order book, 56 min ago; Kraken Futures: live order book, 64 min ago.
Cost of waiting
funding view- Funding /8h
- +0.0022%
- Per $10,000 a day
- +$0.67
- 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, 56 min ago | 4.67 bp | 28.9 bp −$29 | 106.1 bp −$1,061 | doesn't fit | doesn't fit |
| Sell Kraken Futures live order book, 64 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.ApeX Omni0.008865cheapestBybit0.008896+0.350%MEXC0.008898+0.372%OKX0.008899+0.384%Arcus0.008900+0.395%Nado0.008908+0.491%GMX0.008909+0.496%gTrade (Gains Network)0.008909+0.500%Backpack0.008911+0.519%Extended0.008915+0.565%01 Exchange0.008916+0.575%BingX0.008916+0.575%KuCoin0.008917+0.587%Reya0.008917+0.589%Gate0.008918+0.598%Bitget0.008918+0.598%SoDEX0.008918+0.598%Binance0.008918+0.603%Pacifica0.008921+0.632%dYdX0.008922+0.637%BloFin0.008922+0.643%
ApeX Omni
Bybit
MEXC
OKX
Arcus
Nado
GMX
gTrade (Gains Network)
Backpack
Extended
BingX
KuCoin
Reya
Gate
Bitget
SoDEX
Binance
Pacifica
dYdX
BloFinLighter0.008923+0.654%
Coinbase International0.008925+0.677%Orderly0.008927+0.699%Aevo0.008927+0.699%Deribit0.008929+0.722%HTX0.008929+0.722%Aster0.008930+0.738%
Coinbase International
Orderly
Aevo
Deribit
HTX
AsterKraken Futures0.008931+0.749%
Variational Omni0.008934+0.777%Hyperliquid0.008935+0.790%Injective0.008958+1.049%SunX0.009134+3.034%
Variational Omni
Hyperliquid
Injective
SunXPENGU on 33 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| ApeX Omni PENGUUSDT | −0.650% | +0.0100% | 1h | $78K | $251K | 50x | as long as short |
| Bybit PENGUUSDT | −0.303% | +0.0100% | 4h | $23.5M | $24.8M | 75x | as long as short |
| MEXC PENGU_USDT | −0.280% | +0.0100% | 4h | $12.3M | $10.4M | 125x | as long as short |
| OKX PENGU-USDT-SWAP | −0.269% | +0.0100% | 4h | $8.0M | $39.4M | 50x | as long as short |
| Arcus PENGU-USD | −0.258% | +0.0100% | 1h | $19K | $25K | 5x | as long as short |
| Nado PENGU-PERP | −0.163% | +0.0100% | 1h | $660K | $612K | 5x | as long as short |
| GMX PENGU/USD [WBTC.b-USDC] | −0.157% | L +0.0503% / S −0.0679% | 1h | $112K | — | 100x | as long as short |
| gTrade (Gains Network) PENGU/USD | −0.153% | L +0.0007% / S −0.0003% | 1h | $34K | — | 150x | as long as short |
| Backpack PENGU_USDC_PERP | −0.134% | +0.0100% | 1h | $322K | $294K | 10x | as long as short |
| Extended PENGU-USD | −0.089% | +0.0104% | 1h | $193K | $669K | 10x | as long as short |