Spread before costs (cost unknown: a leg has no order-book sample)0.000%
7d average—if it closes, per $10,000$0funding while held, a day−$2.94
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Orderly PERP_PENGU_USDC | 0.008619 | 0.0098 | pay 0.0049% / 4h | 2h 32m | $16K | $183K | 20x |
| Short | Deribit PENGU_USDC-PERPETUAL | 0.008619 | 0 | get 0.0000% / 1h | 32m 31s | $19K | $7K | 10x |
Orderly PERP_PENGU_USDC
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
- $0
- Funding while held
- −$2.94
- Slippage, 4 orders
- no order book: not counted
- Fee Orderly: 3 bp × 2 orders
- −$6
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- −$15.94
- Spread needed to break even
- 0.130%
Slippage unknown: Orderly: no order-book sample; Deribit: no order-book sample. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- −0.0098%
- Per $10,000 a day
- −$2.94
- 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 Deribit no order-book sample | — | — | — | — | — |
Orderly and 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.Extended0.008604cheapestGate0.008606+0.024%Bybit0.008607+0.036%BingX0.008607+0.036%Arcus0.008610+0.070%Variational Omni0.008610+0.072%Bitget0.008611+0.082%Binance0.008612+0.091%OKX0.008612+0.094%MEXC0.008612+0.094%Nado0.008613+0.105%Reya0.008615+0.124%Pacifica0.008615+0.129%01 Exchange0.008616+0.140%Aevo0.008617+0.152%KuCoin0.008618+0.163%SoDEX0.008618+0.163%Lighter0.008619+0.175%Backpack0.008619+0.175%GMX0.008619+0.175%
Extended
Gate
Bybit
BingX
Arcus
Variational Omni
Bitget
Binance
OKX
MEXC
Nado
Reya
Pacifica
Aevo
KuCoin
SoDEX
Lighter
Backpack
GMXOrderly0.008619+0.175%
Deribit0.008619+0.175%
gTrade (Gains Network)0.008620+0.187%dYdX0.008620+0.187%Aster0.008622+0.208%Hyperliquid0.008622+0.210%BloFin0.008622+0.210%Kraken Futures0.008629+0.292%HTX0.008639+0.408%ApeX Omni0.008655+0.594%Injective0.008792+2.186%Coinbase International0.008808+2.372%SunX0.008825+2.569%
gTrade (Gains Network)
dYdX
Aster
Hyperliquid
BloFin
Kraken Futures
HTX
ApeX Omni
Injective
Coinbase International
SunXPENGU on 33 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Extended PENGU-USD | −0.175% | +0.0104% | 1h | $177K | $676K | 10x | as long as short |
| Gate PENGU_USDT | −0.151% | −0.0112% | 4h | $3.6M | $12.8M | 75x | as long as short |
| Bybit PENGUUSDT | −0.139% | +0.0100% | 4h | $21.9M | $26.9M | 75x | as long as short |
| BingX PENGU-USDT | −0.139% | +0.0100% | 4h | — | $4.1M | — | as long as short |
| Arcus PENGU-USD | −0.104% | +0.0100% | 1h | $19K | $23K | 5x | as long as short |
| Variational Omni PENGU | −0.103% | +0.0100% | 4h | $763K | $519K | — | as long as short |
| Bitget PENGUUSDT | −0.093% | +0.0100% | 4h | $8.4M | $9.6M | 75x | as long as short |
| Binance PENGUUSDT | −0.084% | +0.0100% | 4h | $36.5M | $127.1M | 75x | as long as short |
| OKX PENGU-USDT-SWAP | −0.081% | +0.0100% | 4h | $7.7M | $39.6M | 50x | as long as short |
| MEXC PENGU_USDT | −0.081% | +0.0100% | 4h | $11.4M | $10.8M | 125x | as long as short |