Spread before costs (cost unknown: a leg has no order-book sample)+0.023%
7d average+0.012%if it closes, per $10,000$2funding 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 | 0.008705 | 0.0098 | pay 0.0049% / 4h | 13m 32s | $21K | $179K | 20x |
| Short | Gate PENGU_USDT | 0.008707 | 0.0100 | get 0.0050% / 4h | 13m 32s | $3.8M | $10.0M | 75x |
Orderly PERP_PENGU_USDC
Gate PENGU_USDTPrice 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
- $2.3
- Funding while held
- $0.05
- Slippage, 4 orders
- no order book: not counted
- Fee Orderly: 3 bp × 2 orders
- −$6
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$18.65
- Spread needed to break even
- 0.210%
Slippage unknown: Orderly: no order-book sample; Gate: live order book, 1 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 Gate live order book, 1 min ago | 3.45 bp | 17.0 bp −$17 | 74.7 bp −$747 | 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.Variational Omni0.008663cheapestBloFin0.008690+0.314%ApeX Omni0.008692+0.337%Aevo0.008700+0.430%SoDEX0.008700+0.430%Nado0.008701+0.441%BingX0.008701+0.441%01 Exchange0.008702+0.453%GMX0.008702+0.453%Deribit0.008703+0.464%gTrade (Gains Network)0.008704+0.472%Bybit0.008704+0.476%
Variational Omni
BloFin
ApeX Omni
Aevo
SoDEX
Nado
BingX
GMX
Deribit
gTrade (Gains Network)
BybitOrderly0.008705+0.488%
Gate0.008707+0.511%
OKX0.008708+0.522%Reya0.008708+0.525%Binance0.008709+0.537%Arcus0.008710+0.545%Extended0.008710+0.547%Backpack0.008712+0.568%MEXC0.008713+0.580%Kraken Futures0.008714+0.588%Pacifica0.008714+0.591%HTX0.008714+0.591%dYdX0.008715+0.600%Lighter0.008716+0.615%KuCoin0.008716+0.615%Bitget0.008718+0.638%Hyperliquid0.008719+0.649%Aster0.008719+0.654%Coinbase International0.008774+1.284%SunX0.008914+2.900%Injective0.009138+5.486%
OKX
Reya
Binance
Arcus
Extended
Backpack
MEXC
Kraken Futures
Pacifica
HTX
dYdX
Lighter
KuCoin
Bitget
Hyperliquid
Aster
Coinbase International
SunX
InjectivePENGU on 33 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Variational Omni PENGU | −0.485% | +0.0100% | 4h | $677K | $335K | — | as long as short |
| BloFin PENGU-USDT | −0.172% | +0.0340% | 4h | $1.5M | $928K | 75x | as long as short |
| ApeX Omni PENGUUSDT | −0.149% | +0.0100% | 1h | $75K | $251K | 50x | as long as short |
| Aevo PENGU-PERP | −0.057% | +0.0104% | 1h | $201K | $17K | 3x | as long as short |
| SoDEX PENGU-USD | −0.057% | +0.0100% | 1h | $986 | $14K | 5x | as long as short |
| Nado PENGU-PERP | −0.046% | +0.0100% | 1h | $224K | $312K | 5x | as long as short |
| BingX PENGU-USDC | −0.046% | +0.0100% | 4h | — | $2.3M | — | as long as short |
| 01 Exchange PENGUUSD | −0.034% | −0.0080% | 1h | $168 | $28 | 5x | as long as short |
| GMX PENGU/USD [WBTC.b-USDC] | −0.034% | L +0.0479% / S −0.0525% | 1h | $111K | — | 100x | as long as short |
| Deribit PENGU_USDC-PERPETUAL | −0.023% | 0.0000% | 1h | $22K | $4K | 10x | as long as short |
Show all 33 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| gTrade (Gains Network) PENGU/USD | −0.016% | L +0.0007% / S −0.0003% | 1h | $33K | — | 150x | as long as short |
| Bybit PENGUUSDT | −0.011% | +0.0100% | 4h | $21.9M | $22.6M | 75x | as long as short |
| Orderly PERP_PENGU_USDClong | 0.000% | +0.0098% | 4h | $21K | $179K | 20x | |
| Gate PENGU_USDTshort | +0.023% | +0.0100% | 4h | $3.8M | $10.0M | 75x | |
| OKX PENGU-USDT-SWAP | +0.034% | +0.0100% | 4h | $7.6M | $36.6M | 50x | as long as short |
| Reya PENGURUSDPERP | +0.037% | +0.0235% | 1h | $294 | — | 10x | as long as short |
| Binance PENGUUSDT | +0.049% | +0.0100% | 4h | $37.3M | $111.9M | 75x | as long as short |
| Arcus PENGU-USD | +0.057% | +0.0100% | 1h | $4K | $9K | 5x | as long as short |
| Extended PENGU-USD | +0.059% | +0.0104% | 1h | $193K | $665K | 10x | as long as short |
| Backpack PENGU_USDC_PERP | +0.080% | −0.0121% | 1h | $305K | $282K | 10x | as long as short |
| MEXC PENGU_USDT | +0.092% | +0.0100% | 4h | $13.9M | $10.0M | 125x | as long as short |
| Kraken Futures PF_PENGUUSD | +0.100% | +0.0522% | 1h | $366K | $813K | 50x | as long as short |
| Pacifica PENGU | +0.103% | +0.0100% | 1h | $204K | $125K | 5x | as long as short |
| HTX PENGU-USDT | +0.103% | +0.0100% | 4h | $97K | $182K | 25x | as long as short |
| dYdX PENGU-USD | +0.112% | 0.0000% | 1h | $10K | $1K | 5x | as long as short |
| Lighter PENGU | +0.126% | +0.0096% | 1h | $303K | $450K | 8x | as long as short |
| KuCoin PENGUUSDTM | +0.126% | +0.0100% | 4h | $5.0M | $6.7M | 75x | as long as short |
| Bitget PENGUUSDT | +0.149% | +0.0100% | 4h | $8.7M | $8.3M | 75x | as long as short |
| Hyperliquid PENGU | +0.161% | +0.0100% | 1h | $8.4M | $6.7M | 5x | as long as short |
| Aster PENGUUSDT | +0.166% | +0.0100% | 4h | $175K | $326K | 20x | as long as short |
| Coinbase International PENGU-PERP-INTX | +0.793% | +0.2520% | 1h | $93K | $135K | 50x | as long as short |
| SunX PENGU-USDT | +2.401% | +0.0100% | 4h | $3K | $1.9M | 10x | as long as short |
| Injective PENGU/USDC PERP | +4.974% | +0.0033% | 1h | $3K | $116K | 5.5x | as long as short |