Spread before costs (cost unknown: a leg has no order-book sample)+0.123%
7d average+0.102%if it closes, per $10,000$12funding while held, a day+$0.70
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Orderly PERP_PENGU_USDC | 0.008677 | 0.0098 | pay 0.0049% / 4h | 2h 59m | $16K | $184K | 20x |
| Short | Kraken Futures PF_PENGUUSD | 0.008688 | 0.0122 | get 0.0015% / 1h | 59m 49s | $358K | $854K | 50x |
Orderly PERP_PENGU_USDC
Kraken Futures PF_PENGUUSDPrice 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
- $12.31
- Funding while held
- $0.7
- Slippage, 4 orders
- no order book: not counted
- Fee Orderly: 3 bp × 2 orders
- −$6
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- −$2.99
- Spread needed to break even
- 0.160%
Slippage unknown: Orderly: no order-book sample; Kraken Futures: live order book, 45 min ago. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- +0.0023%
- Per $10,000 a day
- +$0.70
- 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 Kraken Futures live order book, 45 min ago | 13.38 bp | 18.7 bp −$19 | 69.7 bp −$697 | 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.Bybit0.008660cheapestOKX0.008666+0.069%Binance0.008668+0.093%Variational Omni0.008671+0.130%Bitget0.008672+0.139%BingX0.008672+0.139%Gate0.008673+0.150%dYdX0.008675+0.171%SoDEX0.008675+0.173%BloFin0.008675+0.173%KuCoin0.008676+0.185%Aevo0.008676+0.185%Extended0.008677+0.194%Pacifica0.008677+0.196%MEXC0.008677+0.196%Backpack0.008677+0.196%
Bybit
OKX
Binance
Variational Omni
Bitget
BingX
Gate
dYdX
SoDEX
BloFin
KuCoin
Aevo
Extended
Pacifica
MEXC
BackpackOrderly0.008677+0.196%
Deribit0.008679+0.219%Nado0.008681+0.242%Reya0.008681+0.243%Lighter0.008682+0.254%GMX0.008683+0.266%gTrade (Gains Network)0.008683+0.269%Aster0.008684+0.272%
Deribit
Nado
Reya
Lighter
GMX
gTrade (Gains Network)
AsterKraken Futures0.008688+0.320%
Hyperliquid0.008688+0.323%Arcus0.008690+0.346%01 Exchange0.008692+0.370%ApeX Omni0.008693+0.381%HTX0.008698+0.439%Injective0.008792+1.524%Coinbase International0.008801+1.628%SunX0.008893+2.691%
Hyperliquid
Arcus
ApeX Omni
HTX
Injective
Coinbase International
SunXPENGU on 33 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Bybit PENGUUSDT | −0.196% | +0.0100% | 4h | $22.1M | $26.6M | 75x | as long as short |
| OKX PENGU-USDT-SWAP | −0.127% | +0.0100% | 4h | $7.7M | $39.7M | 50x | as long as short |
| Binance PENGUUSDT | −0.103% | +0.0100% | 4h | $36.8M | $125.3M | 75x | as long as short |
| Variational Omni PENGU | −0.066% | +0.0100% | 4h | $769K | $509K | — | as long as short |
| Bitget PENGUUSDT | −0.058% | +0.0100% | 4h | $8.4M | $9.4M | 75x | as long as short |
| BingX PENGU-USDT | −0.058% | +0.0100% | 4h | — | $4.1M | — | as long as short |
| Gate PENGU_USDT | −0.046% | −0.0062% | 4h | $3.6M | $12.7M | 75x | as long as short |
| dYdX PENGU-USD | −0.026% | +0.6606% | 1h | $11K | $5K | 5x | as long as short |
| SoDEX PENGU-USD | −0.023% | +0.0100% | 1h | $972 | $14K | 5x | as long as short |
| BloFin PENGU-USDT | −0.023% | +0.0340% | 4h | $1.5M | $1.5M | 75x | as long as short |