Spread before costs (cost unknown: a leg has no order-book sample)+0.069%
7d average−0.059%if it closes, per $10,000$7funding while held, a day+$0.06
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter PENGU | 0.008669 | 0.0096 | pay 0.0012% / 1h | 3m 48s | $304K | $452K | 8x |
| Short | Orderly PERP_PENGU_USDC | 0.008675 | 0.0098 | get 0.0049% / 4h | 3m 48s | $21K | $179K | 20x |
Lighter PENGU
Orderly PERP_PENGU_USDCPrice 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
- $6.92
- Funding while held
- $0.06
- Slippage, 4 orders
- no order book: not counted
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Orderly: 3 bp × 2 orders
- −$6
- Net
- $0.99
- Spread needed to break even
- 0.060%
Slippage unknown: Lighter: live order book, 38 min ago; Orderly: no order-book sample. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- +0.0002%
- Per $10,000 a day
- +$0.06
- 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, 38 min ago | 4.67 bp | 28.9 bp −$29 | 106.1 bp −$1,061 | doesn't fit | doesn't fit |
| Sell Orderly no order-book sample | — | — | — | — | — |
Orderly: 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.BingX0.008651cheapestGate0.008655+0.046%Reya0.008658+0.076%HTX0.008663+0.139%Bybit0.008664+0.150%Backpack0.008664+0.150%Hyperliquid0.008665+0.162%Bitget0.008665+0.162%Extended0.008668+0.194%Aster0.008669+0.204%
BingX
Gate
Reya
HTX
Bybit
Backpack
Hyperliquid
Bitget
Extended
AsterLighter0.008669+0.208%
Pacifica0.008669+0.208%OKX0.008670+0.220%KuCoin0.008670+0.220%Binance0.008670+0.220%MEXC0.008671+0.231%SoDEX0.008671+0.231%Aevo0.008672+0.243%dYdX0.008673+0.249%
Pacifica
OKX
KuCoin
Binance
MEXC
SoDEX
Aevo
dYdXOrderly0.008675+0.277%
01 Exchange0.008677+0.301%GMX0.008679+0.324%Deribit0.008679+0.324%gTrade (Gains Network)0.008679+0.326%Arcus0.008680+0.335%Kraken Futures0.008680+0.339%ApeX Omni0.008682+0.358%BloFin0.008696+0.520%Variational Omni0.008704+0.614%Nado0.008724+0.844%Coinbase International0.008807+1.803%SunX0.008880+2.647%
GMX
Deribit
gTrade (Gains Network)
Arcus
Kraken Futures
ApeX Omni
BloFin
Variational Omni
Nado
Coinbase International
SunXInjective0.009138+5.629%
InjectivePENGU on 33 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| BingX PENGU-USDC | −0.208% | +0.0100% | 4h | — | $2.3M | — | as long as short |
| Gate PENGU_USDT | −0.161% | +0.0068% | 4h | $3.7M | $10.3M | 75x | as long as short |
| Reya PENGURUSDPERP | −0.131% | +0.0235% | 1h | $292 | — | 10x | as long as short |
| HTX PENGU-USDT | −0.069% | +0.0100% | 4h | $96K | $182K | 25x | as long as short |
| Bybit PENGUUSDT | −0.058% | +0.0100% | 4h | $21.9M | $22.8M | 75x | as long as short |
| Backpack PENGU_USDC_PERP | −0.058% | −0.0074% | 1h | $303K | $282K | 10x | as long as short |
| Hyperliquid PENGU | −0.046% | +0.0100% | 1h | $8.4M | $6.8M | 5x | as long as short |
| Bitget PENGUUSDT | −0.046% | +0.0100% | 4h | $8.6M | $8.4M | 75x | as long as short |
| Extended PENGU-USD | −0.014% | +0.0104% | 1h | $192K | $665K | 10x | as long as short |
| Aster PENGUUSDT | −0.004% | +0.0100% | 4h | $170K | $326K | 20x | as long as short |