After costs, if the gap returns to its 7d average, $10k−$25
spread now+0.048%7d average+0.029%fees + slippage, in and out−$27spread needed0.272%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | MEXC PENGU_USDT | 0.008322 | 0.0100 | pay 0.0050% / 4h | 3h 33m | $11.7M | $8.1M | 125x |
| Short | Hyperliquid PENGU | 0.008326 | 0.0133 | get 0.0017% / 1h | 33m 12s | $8.4M | $5.0M | 5x |
MEXC PENGU_USDT
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
- $4.81
- Funding while held
- $0.98
- Slippage, 4 orders
- −$18.16
- Fee MEXC: 0 bp × 2 orders
- $0
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- −$21.37
- Spread needed to break even
- 0.272%
Slippage from MEXC: live order book, 1 min ago; Hyperliquid: live order book, 11 min ago.
Cost of waiting
funding view- Funding /8h
- +0.0033%
- Per $10,000 a day
- +$0.98
- 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 | 1.20 bp | 3.1 bp −$3 | 9.9 bp −$99 | 52.9 bp −$5,289 | 104.2 bp −$52.1K |
| Sell Hyperliquid live order book, 11 min ago | 1.80 bp | 10.9 bp −$11 | 17.9 bp −$179 | doesn't fit | doesn't fit |
PENGU price on every exchange
against the cheapest. Click to use as the short leg.Injective0.007874cheapest
Arcus0.008310+5.537%Nado0.008314+5.588%Reya0.008314+5.592%Variational Omni0.008315+5.600%Pacifica0.008315+5.601%BloFin0.008315+5.601%01 Exchange0.008316+5.613%Bybit0.008317+5.626%Backpack0.008318+5.639%dYdX0.008319+5.650%KuCoin0.008319+5.652%Aevo0.008319+5.652%Gate0.008320+5.664%GMX0.008320+5.664%Extended0.008320+5.665%Aster0.008320+5.666%Orderly0.008321+5.677%gTrade (Gains Network)0.008321+5.682%OKX0.008322+5.690%
Injective
Arcus
Nado
Reya
Variational Omni
Pacifica
BloFin
Bybit
Backpack
dYdX
KuCoin
Aevo
Gate
GMX
Extended
Aster
Orderly
gTrade (Gains Network)
OKXMEXC0.008322+5.690%
SoDEX0.008322+5.690%Deribit0.008322+5.690%Binance0.008323+5.702%BingX0.008323+5.702%ApeX Omni0.008323+5.702%Lighter0.008324+5.715%Bitget0.008324+5.715%
SoDEX
Deribit
Binance
BingX
ApeX Omni
Lighter
BitgetHyperliquid0.008326+5.740%
Kraken Futures0.008327+5.756%HTX0.008332+5.817%Coinbase International0.008500+7.950%SunX0.008523+8.242%
Kraken Futures
HTX
Coinbase International
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 | −5.383% | +0.0033% | 1h | $3K | $153K | 5.5x | as long as short |
| Arcus PENGU-USD | −0.144% | +0.0100% | 1h | $4K | $31K | 5x | as long as short |
| Nado PENGU-PERP | −0.096% | +0.0100% | 1h | $198K | $200K | 5x | as long as short |
| Reya PENGURUSDPERP | −0.092% | +0.0234% | 1h | $281 | — | 10x | as long as short |
| Variational Omni PENGU | −0.085% | +0.0100% | 4h | $700K | $225K | — | as long as short |
| Pacifica PENGU | −0.084% | +0.0100% | 1h | $194K | $115K | 5x | as long as short |
| BloFin PENGU-USDT | −0.084% | +0.0340% | 4h | $1.4M | $706K | 75x | as long as short |
| 01 Exchange PENGUUSD | −0.072% | +0.0120% | 1h | $165 | $23 | 5x | as long as short |
| Bybit PENGUUSDT | −0.060% | +0.0100% | 4h | $20.4M | $18.5M | 75x | as long as short |
| Backpack PENGU_USDC_PERP | −0.048% | +0.0100% | 1h | $286K | $237K | 10x | as long as short |
Show all 33 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| dYdX PENGU-USD | −0.037% | +0.1523% | 1h | $10K | $998 | 5x | as long as short |
| KuCoin PENGUUSDTM | −0.036% | +0.0100% | 4h | $4.9M | $5.9M | 75x | as long as short |
| Aevo PENGU-PERP | −0.036% | +0.0104% | 1h | $192K | $17K | 3x | as long as short |
| Gate PENGU_USDT | −0.024% | +0.0100% | 4h | $3.5M | $6.3M | 75x | as long as short |
| GMX PENGU/USD [WBTC.b-USDC] | −0.024% | L +0.0379% / S −0.0355% | 1h | $81K | — | 100x | as long as short |
| Extended PENGU-USD | −0.023% | +0.0104% | 1h | $160K | $627K | 10x | as long as short |
| Aster PENGUUSDT | −0.022% | +0.0100% | 4h | $166K | $260K | 20x | as long as short |
| Orderly PERP_PENGU_USDC | −0.012% | +0.0094% | 4h | $16K | $173K | 20x | as long as short |
| gTrade (Gains Network) PENGU/USD | −0.007% | L +0.0007% / S −0.0003% | 1h | $32K | — | 150x | as long as short |
| OKX PENGU-USDT-SWAP | 0.000% | +0.0100% | 4h | $7.0M | $28.1M | 50x | as long as short |
| MEXC PENGU_USDTlong | 0.000% | +0.0100% | 4h | $11.7M | $8.1M | 125x | |
| SoDEX PENGU-USD | 0.000% | +0.0100% | 1h | $897 | $14K | 5x | as long as short |
| Deribit PENGU_USDC-PERPETUAL | 0.000% | 0.0000% | 1h | $22K | $3K | 10x | as long as short |
| Binance PENGUUSDT | +0.012% | +0.0100% | 4h | $34.9M | $83.5M | 75x | as long as short |
| BingX PENGU-USDT | +0.012% | +0.0100% | 4h | — | $3.3M | — | as long as short |
| ApeX Omni PENGUUSDT | +0.012% | +0.0100% | 1h | $72K | $253K | 50x | as long as short |
| Lighter PENGU | +0.024% | +0.0096% | 1h | $278K | $214K | 8x | as long as short |
| Bitget PENGUUSDT | +0.024% | +0.0100% | 4h | $8.3M | $6.7M | 75x | as long as short |
| Hyperliquid PENGUshort | +0.048% | +0.0133% | 1h | $8.4M | $5.0M | 5x | |
| Kraken Futures PF_PENGUUSD | +0.063% | +0.0386% | 1h | $365K | $641K | 50x | as long as short |
| HTX PENGU-USDT | +0.120% | +0.0100% | 4h | $92K | $198K | 25x | as long as short |
| Coinbase International PENGU-PERP-INTX | +2.139% | +0.1816% | 1h | $84K | $267K | 50x | as long as short |
| SunX PENGU-USDT | +2.415% | +0.0100% | 4h | $3K | $1.4M | 10x | as long as short |