Spread before costs (cost unknown: a leg has no order-book sample)+0.184%
7d average+0.059%if it closes, per $10,000$18funding while held, a day+$0.05
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Orderly PERP_PENGU_USDC | 0.008695 | 0.0098 | pay 0.0049% / 4h | 15m 15s | $21K | $179K | 20x |
| Short | Bitget PENGUUSDT | 0.008711 | 0.0100 | get 0.0050% / 4h | 15m 15s | $8.7M | $8.3M | 75x |
Orderly PERP_PENGU_USDC
Bitget 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
- $18.4
- Funding while held
- $0.05
- Slippage, 4 orders
- no order book: not counted
- Fee Orderly: 3 bp × 2 orders
- −$6
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- $0.45
- Spread needed to break even
- 0.180%
Slippage unknown: Orderly: no order-book sample; Bitget: live order book, 5 min ago. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- +0.0002%
- Per $10,000 a day
- +$0.05
- 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 Bitget live order book, 5 min ago | 1.16 bp | 9.3 bp −$9 | 29.2 bp −$292 | 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 Omni0.008654cheapestBackpack0.008659+0.058%Variational Omni0.008663+0.101%SoDEX0.008672+0.208%Gate0.008679+0.289%01 Exchange0.008685+0.358%Reya0.008686+0.371%dYdX0.008687+0.378%Nado0.008687+0.381%GMX0.008687+0.381%Aevo0.008689+0.404%Hyperliquid0.008690+0.416%Arcus0.008690+0.416%BloFin0.008690+0.416%Extended0.008691+0.426%Pacifica0.008691+0.428%gTrade (Gains Network)0.008691+0.429%Aster0.008692+0.434%Deribit0.008694+0.462%
ApeX Omni
Backpack
Variational Omni
SoDEX
Gate
Reya
dYdX
Nado
GMX
Aevo
Hyperliquid
Arcus
BloFin
Extended
Pacifica
gTrade (Gains Network)
Aster
DeribitOrderly0.008695+0.474%
Bybit0.008696+0.485%BingX0.008699+0.520%Lighter0.008700+0.532%OKX0.008700+0.532%Binance0.008702+0.555%MEXC0.008702+0.555%KuCoin0.008702+0.555%Kraken Futures0.008704+0.573%
Bybit
BingX
Lighter
OKX
Binance
MEXC
KuCoin
Kraken FuturesBitget0.008711+0.659%
HTX0.008712+0.670%Coinbase International0.008774+1.387%SunX0.008911+2.970%
HTX
Coinbase International
SunXInjective0.009138+5.593%
InjectivePENGU on 33 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| ApeX Omni PENGUUSDT | −0.472% | +0.0100% | 1h | $75K | $250K | 50x | as long as short |
| Backpack PENGU_USDC_PERP | −0.414% | −0.0135% | 1h | $303K | $282K | 10x | as long as short |
| Variational Omni PENGU | −0.371% | +0.0100% | 4h | $677K | $335K | — | as long as short |
| SoDEX PENGU-USD | −0.265% | +0.0100% | 1h | $989 | $14K | 5x | as long as short |
| Gate PENGU_USDT | −0.184% | +0.0100% | 4h | $3.8M | $9.9M | 75x | as long as short |
| 01 Exchange PENGUUSD | −0.115% | −0.0080% | 1h | $167 | $28 | 5x | as long as short |
| Reya PENGURUSDPERP | −0.102% | +0.0235% | 1h | $293 | — | 10x | as long as short |
| dYdX PENGU-USD | −0.096% | 0.0000% | 1h | $10K | $1K | 5x | as long as short |
| Nado PENGU-PERP | −0.092% | +0.0100% | 1h | $224K | $312K | 5x | as long as short |
| GMX PENGU/USD [WBTC.b-USDC] | −0.092% | L +0.0478% / S −0.0525% | 1h | $110K | — | 100x | as long as short |
Show all 33 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Aevo PENGU-PERP | −0.069% | +0.0104% | 1h | $201K | $17K | 3x | as long as short |
| Hyperliquid PENGU | −0.058% | +0.0100% | 1h | $8.4M | $6.7M | 5x | as long as short |
| Arcus PENGU-USD | −0.058% | +0.0100% | 1h | $4K | $9K | 5x | as long as short |
| BloFin PENGU-USDT | −0.058% | +0.0340% | 4h | $1.5M | $928K | 75x | as long as short |
| Extended PENGU-USD | −0.048% | +0.0104% | 1h | $192K | $665K | 10x | as long as short |
| Pacifica PENGU | −0.046% | +0.0100% | 1h | $204K | $125K | 5x | as long as short |
| gTrade (Gains Network) PENGU/USD | −0.044% | L +0.0007% / S −0.0003% | 1h | $33K | — | 150x | as long as short |
| Aster PENGUUSDT | −0.039% | +0.0100% | 4h | $175K | $326K | 20x | as long as short |
| Deribit PENGU_USDC-PERPETUAL | −0.012% | 0.0000% | 1h | $22K | $4K | 10x | as long as short |
| Orderly PERP_PENGU_USDClong | 0.000% | +0.0098% | 4h | $21K | $179K | 20x | |
| Bybit PENGUUSDT | +0.012% | +0.0100% | 4h | $21.9M | $22.5M | 75x | as long as short |
| BingX PENGU-USDT | +0.046% | +0.0100% | 4h | — | $3.8M | — | as long as short |
| Lighter PENGU | +0.058% | +0.0096% | 1h | $302K | $450K | 8x | as long as short |
| OKX PENGU-USDT-SWAP | +0.058% | +0.0100% | 4h | $7.6M | $36.3M | 50x | as long as short |
| Binance PENGUUSDT | +0.081% | +0.0100% | 4h | $37.3M | $111.4M | 75x | as long as short |
| MEXC PENGU_USDT | +0.081% | +0.0100% | 4h | $13.9M | $10.0M | 125x | as long as short |
| KuCoin PENGUUSDTM | +0.081% | +0.0100% | 4h | $5.0M | $6.7M | 75x | as long as short |
| Kraken Futures PF_PENGUUSD | +0.099% | +0.0522% | 1h | $366K | $813K | 50x | as long as short |
| Bitget PENGUUSDTshort | +0.184% | +0.0100% | 4h | $8.7M | $8.3M | 75x | |
| HTX PENGU-USDT | +0.196% | +0.0100% | 4h | $97K | $182K | 25x | as long as short |
| Coinbase International PENGU-PERP-INTX | +0.909% | +0.2520% | 1h | $93K | $135K | 50x | as long as short |
| SunX PENGU-USDT | +2.484% | +0.0100% | 4h | $3K | $1.9M | 10x | as long as short |
| Injective PENGU/USDC PERP | +5.095% | +0.0033% | 1h | $3K | $116K | 5.5x | as long as short |