Spread before costs (cost unknown: a leg has no order-book sample)+0.046%
7d average—if it closes, per $10,000$5funding while held, a day+$8.58
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Orderly PERP_PENGU_USDC | 0.008675 | 0.0098 | pay 0.0049% / 4h | 3m 52s | $21K | $179K | 20x |
| Short | GMX PENGU/USD [WBTC.b-USDC] | 0.008679 | L +0.0401% / S −0.0384% | get 0.0048% / 1h | 3m 52s | $88K | — | 100x |
Orderly PERP_PENGU_USDC
GMX PENGU/USD [WBTC.b-USDC]Price 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
- $4.61
- Funding while held
- $8.58
- Slippage, 4 orders
- no order book: not counted
- Fee Orderly: 3 bp × 2 orders
- −$6
- Fee GMX: 6 bp × 2 orders
- −$12
- Net
- −$4.81
- Spread needed to break even
- 0.180%
Slippage unknown: Orderly: no order-book sample; GMX: no order-book sample. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- +0.0286%
- Per $10,000 a day
- +$8.58
- 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 GMX no order-book sample | — | — | — | — | — |
Orderly and GMX: 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.BingX0.008651cheapestBybit0.008653+0.023%Gate0.008655+0.046%Reya0.008658+0.076%OKX0.008658+0.081%Binance0.008659+0.092%MEXC0.008659+0.092%HTX0.008663+0.139%Backpack0.008664+0.150%Extended0.008668+0.194%Aster0.008668+0.201%Hyperliquid0.008671+0.231%KuCoin0.008671+0.231%SoDEX0.008671+0.231%Aevo0.008672+0.243%Bitget0.008674+0.266%
BingX
Bybit
Gate
Reya
OKX
Binance
MEXC
HTX
Backpack
Extended
Aster
Hyperliquid
KuCoin
SoDEX
Aevo
BitgetOrderly0.008675+0.277%
dYdX0.008676+0.287%Lighter0.008676+0.289%Pacifica0.008676+0.289%01 Exchange0.008677+0.301%
dYdX
Lighter
PacificaGMX0.008679+0.324%
Deribit0.008679+0.324%gTrade (Gains Network)0.008679+0.326%Arcus0.008680+0.335%Kraken Futures0.008680+0.339%ApeX Omni0.008682+0.358%BloFin0.008696+0.520%Variational Omni0.008704+0.614%Nado0.008724+0.844%Coinbase International0.008807+1.803%SunX0.008880+2.647%
Deribit
gTrade (Gains Network)
Arcus
Kraken Futures
ApeX Omni
BloFin
Variational Omni
Nado
Coinbase International
SunXInjective0.009138+5.629%
InjectivePENGU on 33 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| BingX PENGU-USDC | −0.277% | +0.0100% | 4h | — | $2.3M | — | as long as short |
| Bybit PENGUUSDT | −0.254% | +0.0100% | 4h | $21.9M | $22.8M | 75x | as long as short |
| Gate PENGU_USDT | −0.231% | +0.0068% | 4h | $3.7M | $10.3M | 75x | as long as short |
| Reya PENGURUSDPERP | −0.200% | +0.0235% | 1h | $292 | — | 10x | as long as short |
| OKX PENGU-USDT-SWAP | −0.196% | +0.0100% | 4h | $7.6M | $36.7M | 50x | as long as short |
| Binance PENGUUSDT | −0.184% | +0.0100% | 4h | $37.1M | $113.3M | 75x | as long as short |
| MEXC PENGU_USDT | −0.184% | +0.0100% | 4h | $13.1M | $10.2M | 125x | as long as short |
| HTX PENGU-USDT | −0.138% | +0.0100% | 4h | $96K | $182K | 25x | as long as short |
| Backpack PENGU_USDC_PERP | −0.127% | −0.0074% | 1h | $303K | $282K | 10x | as long as short |
| Extended PENGU-USD | −0.083% | +0.0104% | 1h | $192K | $665K | 10x | as long as short |