Spread before costs (cost unknown: a leg has no order-book sample)−0.058%
7d average−0.001%if it closes, per $10,000$6funding while held, a day−$1.19
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Orderly PERP_PENGU_USDC | 0.008599 | 0.0098 | pay 0.0049% / 4h | 2h 39m | $16K | $183K | 20x |
| Short | Backpack PENGU_USDC_PERP | 0.008594 | 0.0058 | get 0.0007% / 1h | 39m 32s | $305K | $308K | 10x |
Orderly PERP_PENGU_USDC
Backpack PENGU_USDC_PERPPrice 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
- −$5.81
- Funding while held
- −$1.19
- Slippage, 4 orders
- no order book: not counted
- Fee Orderly: 3 bp × 2 orders
- −$6
- Fee Backpack: 5 bp × 2 orders
- −$10
- Net
- −$23
- Spread needed to break even
- 0.160%
Slippage unknown: Orderly: no order-book sample; Backpack: live order book, 65 min ago. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- −0.0040%
- Per $10,000 a day
- −$1.19
- 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 Orderly no order-book sample | — | — | — | — | — |
| Sell Backpack live order book, 65 min ago | 0.56 bp | 8.9 bp −$9 | doesn't fit | doesn't fit | doesn't fit |
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.ApeX Omni0.008591cheapestVariational Omni0.008593+0.023%BloFin0.008593+0.023%
ApeX Omni
Variational Omni
BloFinBackpack0.008594+0.035%
SoDEX0.008594+0.035%Aevo0.008595+0.047%Deribit0.008597+0.070%
SoDEX
Aevo
DeribitOrderly0.008599+0.093%
GMX0.008601+0.116%gTrade (Gains Network)0.008603+0.136%Kraken Futures0.008605+0.158%BingX0.008608+0.198%HTX0.008609+0.210%Gate0.008610+0.221%Nado0.008611+0.239%Bybit0.008615+0.279%Aster0.008615+0.285%MEXC0.008617+0.303%Extended0.008618+0.313%Pacifica0.008619+0.326%OKX0.008620+0.338%Arcus0.008620+0.338%dYdX0.008620+0.338%Binance0.008620+0.340%KuCoin0.008622+0.361%Reya0.008623+0.368%Lighter0.008623+0.372%Hyperliquid0.008625+0.396%01 Exchange0.008626+0.407%Bitget0.008626+0.407%Injective0.008792+2.340%Coinbase International0.008808+2.526%SunX0.008811+2.561%
GMX
gTrade (Gains Network)
Kraken Futures
BingX
HTX
Gate
Nado
Bybit
Aster
MEXC
Extended
Pacifica
OKX
Arcus
dYdX
Binance
KuCoin
Reya
Lighter
Hyperliquid
Bitget
Injective
Coinbase International
SunXPENGU on 33 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| ApeX Omni PENGUUSDT | −0.093% | −0.0172% | 1h | $78K | $253K | 50x | as long as short |
| Variational Omni PENGU | −0.070% | +0.0100% | 4h | $760K | $519K | — | as long as short |
| BloFin PENGU-USDT | −0.070% | +0.0340% | 4h | $1.5M | $1.5M | 75x | as long as short |
| Backpack PENGU_USDC_PERPshort | −0.058% | +0.0058% | 1h | $305K | $308K | 10x | |
| SoDEX PENGU-USD | −0.058% | +0.0100% | 1h | $964 | $14K | 5x | as long as short |
| Aevo PENGU-PERP | −0.047% | +0.0104% | 1h | $199K | $17K | 3x | as long as short |
| Deribit PENGU_USDC-PERPETUAL | −0.023% | 0.0000% | 1h | $19K | $7K | 10x | as long as short |
| Orderly PERP_PENGU_USDClong | 0.000% | +0.0098% | 4h | $16K | $183K | 20x | |
| GMX PENGU/USD [WBTC.b-USDC] | +0.023% | L +0.0492% / S −0.0679% | 1h | $108K | — | 100x | as long as short |
| gTrade (Gains Network) PENGU/USD | +0.043% | L +0.0007% / S −0.0003% | 1h | $33K | — | 150x | as long as short |