Spread before costs (cost unknown: a leg has no order-book sample)+0.054%
7d average—if it closes, per $10,000$5funding while held, a day−$2.91
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Orderly PERP_PENGU_USDC | 0.008983 | 0.0100 | pay 0.0050% / 4h | 1h 15m | $22K | $187K | 20x |
| Short | gTrade (Gains Network) PENGU/USD | 0.008988 | L +0.0007% / S −0.0003% | get 0.0000% / 1h | 15m 43s | $34K | — | 150x |
Orderly PERP_PENGU_USDC
gTrade (Gains Network) PENGU/USDPrice 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
- $5.37
- Funding while held
- −$2.91
- Slippage, 4 orders
- no order book: not counted
- Fee Orderly: 3 bp × 2 orders
- −$6
- Fee gTrade (Gains Network): 5 bp × 2 orders
- −$10
- Net
- −$13.54
- Spread needed to break even
- 0.160%
Slippage unknown: Orderly: no order-book sample; gTrade (Gains Network): no order-book sample. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- −0.0097%
- Per $10,000 a day
- −$2.91
- 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 gTrade (Gains Network) no order-book sample | — | — | — | — | — |
Orderly and gTrade (Gains Network): 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.Injective0.008792cheapestVariational Omni0.008809+0.191%ApeX Omni0.008939+1.672%Reya0.008974+2.075%Aevo0.008982+2.161%Nado0.008982+2.167%
Injective
Variational Omni
ApeX Omni
Reya
Aevo
NadoOrderly0.008983+2.172%
Deribit0.008983+2.172%GMX0.008984+2.184%SoDEX0.008986+2.207%
Deribit
GMX
SoDEXgTrade (Gains Network)0.008988+2.227%
BloFin0.008988+2.229%HTX0.008997+2.332%Backpack0.008998+2.343%Arcus0.009000+2.366%Kraken Futures0.009006+2.432%OKX0.009006+2.434%Bybit0.009007+2.445%KuCoin0.009012+2.502%Binance0.009012+2.507%Pacifica0.009014+2.525%01 Exchange0.009014+2.525%BingX0.009014+2.525%Gate0.009017+2.559%dYdX0.009017+2.561%Aster0.009017+2.564%MEXC0.009018+2.571%Extended0.009019+2.585%Lighter0.009022+2.616%Bitget0.009028+2.684%Hyperliquid0.009037+2.787%Coinbase International0.009047+2.900%SunX0.009200+4.641%
BloFin
HTX
Backpack
Arcus
Kraken Futures
OKX
Bybit
KuCoin
Binance
Pacifica
BingX
Gate
dYdX
Aster
MEXC
Extended
Lighter
Bitget
Hyperliquid
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 | −2.126% | +0.0033% | 1h | $3K | $24K | 5.5x | as long as short |
| Variational Omni PENGU | −1.939% | +0.0100% | 4h | $790K | $529K | — | as long as short |
| ApeX Omni PENGUUSDT | −0.490% | +0.0100% | 1h | $85K | $253K | 50x | as long as short |
| Reya PENGURUSDPERP | −0.095% | +0.0236% | 1h | $303 | — | 10x | as long as short |
| Aevo PENGU-PERP | −0.011% | +0.0104% | 1h | $207K | $17K | 3x | as long as short |
| Nado PENGU-PERP | −0.006% | +0.0100% | 1h | $659K | $694K | 5x | as long as short |
| Orderly PERP_PENGU_USDClong | 0.000% | +0.0100% | 4h | $22K | $187K | 20x | |
| Deribit PENGU_USDC-PERPETUAL | 0.000% | −0.0084% | 1h | $20K | $7K | 10x | as long as short |
| GMX PENGU/USD [WBTC.b-USDC] | +0.011% | L +0.0514% / S −0.0698% | 1h | $116K | — | 100x | as long as short |
| SoDEX PENGU-USD | +0.033% | +0.0100% | 1h | $1K | $14K | 5x | as long as short |
Show all 33 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| gTrade (Gains Network) PENGU/USDshort | +0.054% | L +0.0007% / S −0.0003% | 1h | $34K | — | 150x | |
| BloFin PENGU-USDT | +0.056% | +0.0340% | 4h | $1.6M | $1.8M | 75x | as long as short |
| HTX PENGU-USDT | +0.156% | +0.0100% | 4h | $99K | $244K | 25x | as long as short |
| Backpack PENGU_USDC_PERP | +0.167% | +0.0100% | 1h | $318K | $308K | 10x | as long as short |
| Arcus PENGU-USD | +0.189% | +0.0100% | 1h | $20K | $24K | 5x | as long as short |
| Kraken Futures PF_PENGUUSD | +0.254% | −0.0071% | 1h | $332K | $1.0M | 50x | as long as short |
| OKX PENGU-USDT-SWAP | +0.256% | +0.0100% | 4h | $8.4M | $43.7M | 50x | as long as short |
| Bybit PENGUUSDT | +0.267% | +0.0100% | 4h | $24.1M | $29.5M | 75x | as long as short |
| KuCoin PENGUUSDTM | +0.323% | +0.0100% | 4h | $5.2M | $7.4M | 75x | as long as short |
| Binance PENGUUSDT | +0.327% | +0.0100% | 4h | $38.6M | $134.3M | 75x | as long as short |
| Pacifica PENGU | +0.345% | +0.0100% | 1h | $213K | $134K | 5x | as long as short |
| 01 Exchange PENGUUSD | +0.345% | +0.0192% | 1h | $206 | $59 | 5x | as long as short |
| BingX PENGU-USDC | +0.345% | +0.0100% | 4h | — | $2.3M | — | as long as short |
| Gate PENGU_USDT | +0.378% | −0.0050% | 4h | $3.7M | $13.3M | 75x | as long as short |
| dYdX PENGU-USD | +0.381% | 0.0000% | 1h | $12K | $5K | 5x | as long as short |
| Aster PENGUUSDT | +0.383% | +0.0100% | 4h | $189K | $380K | 20x | as long as short |
| MEXC PENGU_USDT | +0.390% | +0.0100% | 4h | $12.6M | $11.2M | 125x | as long as short |
| Extended PENGU-USD | +0.403% | +0.0104% | 1h | $185K | $678K | 10x | as long as short |
| Lighter PENGU | +0.434% | +0.0096% | 1h | $346K | $531K | 8x | as long as short |
| Bitget PENGUUSDT | +0.501% | +0.0100% | 4h | $8.9M | $10.5M | 75x | as long as short |
| Hyperliquid PENGU | +0.601% | +0.0100% | 1h | $10.7M | $12.7M | 5x | as long as short |
| Coinbase International PENGU-PERP-INTX | +0.712% | +0.2920% | 1h | $95K | $131K | 50x | as long as short |
| SunX PENGU-USDT | +2.416% | +0.0100% | 4h | $3K | $2.0M | 10x | as long as short |