Spread before costs (cost unknown: a leg has no order-book sample)−0.028%
7d average+0.005%if it closes, per $10,000$3funding while held, a day+$0.06
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Orderly PERP_PENGU_USDC | 0.008627 | 0.0098 | pay 0.0049% / 4h | 2h 33m | $16K | $183K | 20x |
| Short | Binance PENGUUSDT | 0.008625 | 0.0100 | get 0.0050% / 4h | 2h 33m | $36.5M | $127.1M | 75x |
Orderly PERP_PENGU_USDC
Binance PENGUUSDTPrice 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
- −$2.76
- Funding while held
- $0.06
- Slippage, 4 orders
- no order book: not counted
- Fee Orderly: 3 bp × 2 orders
- −$6
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$18.7
- Spread needed to break even
- 0.160%
Slippage unknown: Orderly: no order-book sample; Binance: live order book, 11 min ago. 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 Orderly no order-book sample | — | — | — | — | — |
| Sell Binance live order book, 11 min ago | 0.58 bp | 9.4 bp −$9 | 18.6 bp −$186 | 62.4 bp −$6,236 | 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.Variational Omni0.008610cheapestKuCoin0.008616+0.068%Backpack0.008617+0.080%Extended0.008618+0.096%Gate0.008619+0.103%Bitget0.008619+0.103%BingX0.008620+0.114%Bybit0.008621+0.126%MEXC0.008622+0.138%Aster0.008622+0.142%Hyperliquid0.008623+0.149%SoDEX0.008624+0.161%
Variational Omni
KuCoin
Backpack
Extended
Gate
Bitget
BingX
Bybit
MEXC
Aster
Hyperliquid
SoDEXBinance0.008625+0.168%
OKX0.008627+0.196%
OKXOrderly0.008627+0.196%
Lighter0.008628+0.207%Aevo0.008628+0.207%Deribit0.008628+0.207%Nado0.008628+0.213%Reya0.008629+0.215%Arcus0.008630+0.231%GMX0.008630+0.231%gTrade (Gains Network)0.008630+0.235%Pacifica0.008632+0.254%dYdX0.008633+0.260%ApeX Omni0.008633+0.265%Kraken Futures0.008636+0.301%01 Exchange0.008638+0.324%BloFin0.008651+0.474%HTX0.008659+0.567%Injective0.008792+2.112%Coinbase International0.008808+2.298%SunX0.008838+2.646%
Lighter
Aevo
Deribit
Nado
Reya
Arcus
GMX
gTrade (Gains Network)
Pacifica
dYdX
ApeX Omni
Kraken Futures
BloFin
HTX
Injective
Coinbase International
SunXPENGU on 33 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Variational Omni PENGU | −0.195% | +0.0100% | 4h | $763K | $519K | — | as long as short |
| KuCoin PENGUUSDTM | −0.128% | +0.0100% | 4h | $5.1M | $7.1M | 75x | as long as short |
| Backpack PENGU_USDC_PERP | −0.116% | +0.0100% | 1h | $305K | $308K | 10x | as long as short |
| Extended PENGU-USD | −0.100% | +0.0104% | 1h | $177K | $676K | 10x | as long as short |
| Gate PENGU_USDT | −0.093% | −0.0106% | 4h | $3.6M | $12.8M | 75x | as long as short |
| Bitget PENGUUSDT | −0.093% | +0.0100% | 4h | $8.4M | $9.6M | 75x | as long as short |
| BingX PENGU-USDT | −0.081% | +0.0100% | 4h | — | $4.1M | — | as long as short |
| Bybit PENGUUSDT | −0.070% | +0.0100% | 4h | $21.9M | $26.9M | 75x | as long as short |
| MEXC PENGU_USDT | −0.058% | +0.0100% | 4h | $11.4M | $10.8M | 125x | as long as short |
| Aster PENGUUSDT | −0.054% | +0.0100% | 4h | $204K | $345K | 20x | as long as short |