After costs, if the gap returns to its 7d average, $10k−$279
spread now+0.597%7d average+0.751%fees + slippage, in and out−$263spread needed2.634%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | MEXC PENGU_USDT | 0.008706 | 0.0100 | pay 0.0050% / 4h | 3h 03m | $11.4M | $11.0M | 125x |
| Short | Coinbase International PENGU-PERP-INTX | 0.008758 | 0.2912 | get 0.0364% / 1h | 3m 51s | $93K | $127K | 50x |
MEXC PENGU_USDT
Coinbase International PENGU-PERP-INTXPrice 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
- $59.73
- Funding while held
- $84.36
- Slippage, 4 orders
- −$253.42
- Fee MEXC: 0 bp × 2 orders
- $0
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Net
- −$119.33
- Spread needed to break even
- 2.634%
Slippage from MEXC: live order book, 1 min ago; Coinbase International: live order book, 40 min ago.
Cost of waiting
funding view- Funding /8h
- +0.2812%
- Per $10,000 a day
- +$84.36
- 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 MEXC live order book, 1 min ago | 0.57 bp | 2.5 bp −$3 | 7.4 bp −$74 | 44.5 bp −$4,448 | 112.7 bp −$56.4K |
| Sell Coinbase International live order book, 40 min ago | 93.16 bp | 130.8 bp −$131 | doesn't fit | doesn't fit | doesn't fit |
PENGU price on every exchange
against the cheapest. Click to use as the short leg.ApeX Omni0.008670cheapestVariational Omni0.008677+0.078%BloFin0.008698+0.323%Bybit0.008702+0.369%Gate0.008702+0.369%BingX0.008704+0.392%Backpack0.008704+0.392%Aevo0.008705+0.404%Binance0.008705+0.408%OKX0.008706+0.415%
ApeX Omni
Variational Omni
BloFin
Bybit
Gate
BingX
Backpack
Aevo
Binance
OKXMEXC0.008706+0.415%
Extended0.008707+0.423%SoDEX0.008707+0.427%Reya0.008708+0.435%Aster0.008708+0.436%KuCoin0.008708+0.438%Orderly0.008708+0.438%Pacifica0.008709+0.450%dYdX0.008710+0.459%Arcus0.008710+0.461%GMX0.008710+0.461%Hyperliquid0.008712+0.484%Lighter0.008712+0.484%Deribit0.008712+0.484%Nado0.008712+0.490%gTrade (Gains Network)0.008713+0.493%Bitget0.008713+0.496%01 Exchange0.008716+0.531%Kraken Futures0.008718+0.549%HTX0.008725+0.634%
Extended
SoDEX
Reya
Aster
KuCoin
Orderly
Pacifica
dYdX
Arcus
GMX
Hyperliquid
Lighter
Deribit
Nado
gTrade (Gains Network)
Bitget
Kraken Futures
HTXCoinbase International0.008758+1.015%
Injective0.008792+1.407%SunX0.008925+2.941%
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 | −0.414% | +0.0100% | 1h | $79K | $253K | 50x | as long as short |
| Variational Omni PENGU | −0.336% | +0.0100% | 4h | $752K | $494K | — | as long as short |
| BloFin PENGU-USDT | −0.092% | +0.0340% | 4h | $1.5M | $1.5M | 75x | as long as short |
| Bybit PENGUUSDT | −0.046% | +0.0100% | 4h | $22.2M | $26.6M | 75x | as long as short |
| Gate PENGU_USDT | −0.046% | −0.0068% | 4h | $3.6M | $12.6M | 75x | as long as short |
| BingX PENGU-USDT | −0.023% | +0.0100% | 4h | — | $4.1M | — | as long as short |
| Backpack PENGU_USDC_PERP | −0.023% | +0.0100% | 1h | $309K | $309K | 10x | as long as short |
| Aevo PENGU-PERP | −0.011% | +0.0104% | 1h | $201K | $17K | 3x | as long as short |
| Binance PENGUUSDT | −0.007% | +0.0100% | 4h | $37.0M | $125.6M | 75x | as long as short |
| OKX PENGU-USDT-SWAP | 0.000% | +0.0100% | 4h | $7.7M | $40.1M | 50x | as long as short |