Spread before costs (cost unknown: a leg has no order-book sample)+0.311%
7d average—if it closes, per $10,000$31funding while held, a day−$3.00
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | OKX PENGU-USDT-SWAP | 0.008687 | 0.0100 | pay 0.0050% / 4h | 48m 01s | $7.7M | $34.2M | 50x |
| Short | Deribit PENGU_USDC-PERPETUAL | 0.008714 | 0 | get 0.0000% / 1h | 48m 01s | $22K | $4K | 10x |
OKX PENGU-USDT-SWAP
Deribit PENGU_USDC-PERPETUALPrice 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
- $31.08
- Funding while held
- −$3
- Slippage, 4 orders
- no order book: not counted
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- $11.08
- Spread needed to break even
- 0.170%
Slippage unknown: OKX: live order book, 2 min ago; Deribit: no order-book sample. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- −0.0100%
- Per $10,000 a day
- −$3.00
- 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 OKX live order book, 2 min ago | 0.57 bp | 10.6 bp −$11 | 24.5 bp −$245 | doesn't fit | doesn't fit |
| Sell Deribit no order-book sample | — | — | — | — | — |
Deribit: 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.Injective0.007874cheapest
Bybit0.008684+10.287%Variational Omni0.008685+10.305%
Injective
Bybit
Variational OmniOKX0.008687+10.325%
Binance0.008692+10.388%BloFin0.008694+10.414%Bitget0.008696+10.439%01 Exchange0.008697+10.452%dYdX0.008698+10.465%Reya0.008698+10.467%Hyperliquid0.008700+10.490%Arcus0.008700+10.490%Pacifica0.008701+10.503%MEXC0.008701+10.503%BingX0.008701+10.503%Backpack0.008705+10.554%Aevo0.008705+10.554%Nado0.008707+10.573%Gate0.008707+10.579%KuCoin0.008708+10.592%SoDEX0.008712+10.643%
Binance
BloFin
Bitget
dYdX
Reya
Hyperliquid
Arcus
Pacifica
MEXC
BingX
Backpack
Aevo
Nado
Gate
KuCoin
SoDEXDeribit0.008714+10.668%
Extended0.008717+10.704%GMX0.008717+10.706%Orderly0.008719+10.732%Kraken Futures0.008719+10.736%Lighter0.008720+10.744%Aster0.008720+10.750%HTX0.008725+10.808%ApeX Omni0.008726+10.820%gTrade (Gains Network)0.008730+10.867%Coinbase International0.008824+12.065%SunX0.008924+13.335%
Extended
GMX
Orderly
Kraken Futures
Lighter
Aster
HTX
ApeX Omni
gTrade (Gains Network)
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 | −9.359% | +0.0033% | 1h | $3K | $116K | 5.5x | as long as short |
| Bybit PENGUUSDT | −0.035% | +0.0100% | 4h | $21.8M | $21.3M | 75x | as long as short |
| Variational Omni PENGU | −0.018% | +0.0100% | 4h | $702K | $299K | — | as long as short |
| OKX PENGU-USDT-SWAPlong | 0.000% | +0.0100% | 4h | $7.7M | $34.2M | 50x | |
| Binance PENGUUSDT | +0.057% | +0.0100% | 4h | $37.5M | $104.6M | 75x | as long as short |
| BloFin PENGU-USDT | +0.081% | +0.0340% | 4h | $1.5M | $881K | 75x | as long as short |
| Bitget PENGUUSDT | +0.104% | +0.0100% | 4h | $8.6M | $7.7M | 75x | as long as short |
| 01 Exchange PENGUUSD | +0.115% | −0.0064% | 1h | $168 | $28 | 5x | as long as short |
| dYdX PENGU-USD | +0.126% | 0.0000% | 1h | $10K | $1K | 5x | as long as short |
| Reya PENGURUSDPERP | +0.128% | +0.0235% | 1h | $294 | — | 10x | as long as short |