Spread before costs (cost unknown: a leg has no order-book sample)+0.082%
7d average+0.039%if it closes, per $10,000$8funding while held, a day+$0.11
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Orderly PERP_PENGU_USDC | 0.008552 | 0.0096 | pay 0.0048% / 4h | 2h 07m | $16K | $182K | 20x |
| Short | KuCoin PENGUUSDTM | 0.008559 | 0.0100 | get 0.0050% / 4h | 2h 07m | $5.1M | $7.1M | 75x |
Orderly PERP_PENGU_USDC
KuCoin PENGUUSDTMPrice 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
- $8.19
- Funding while held
- $0.11
- Slippage, 4 orders
- no order book: not counted
- Fee Orderly: 3 bp × 2 orders
- −$6
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$9.7
- Spread needed to break even
- 0.180%
Slippage unknown: Orderly: no order-book sample; KuCoin: live order book, 7 min ago. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- +0.0004%
- Per $10,000 a day
- +$0.11
- 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 KuCoin live order book, 7 min ago | 2.33 bp | 18.6 bp −$19 | 41.1 bp −$411 | 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.Gate0.008542cheapestBackpack0.008546+0.047%Extended0.008547+0.058%Aster0.008549+0.086%Reya0.008551+0.102%GMX0.008551+0.105%
Gate
Backpack
Extended
Aster
Reya
GMXOrderly0.008552+0.117%
gTrade (Gains Network)0.008554+0.137%BingX0.008554+0.140%Bybit0.008555+0.152%Aevo0.008555+0.152%SoDEX0.008555+0.152%BloFin0.008555+0.152%Deribit0.008556+0.164%
gTrade (Gains Network)
BingX
Bybit
Aevo
SoDEX
BloFin
DeribitKuCoin0.008559+0.199%
Kraken Futures0.008560+0.210%dYdX0.008560+0.214%Pacifica0.008561+0.222%Nado0.008561+0.228%Hyperliquid0.008562+0.234%OKX0.008563+0.246%MEXC0.008563+0.246%Binance0.008565+0.265%01 Exchange0.008565+0.269%Lighter0.008568+0.304%Bitget0.008568+0.304%Arcus0.008570+0.328%HTX0.008570+0.328%Variational Omni0.008570+0.330%ApeX Omni0.008594+0.609%Coinbase International0.008616+0.866%SunX0.008752+2.458%Injective0.008792+2.927%
Kraken Futures
dYdX
Pacifica
Nado
Hyperliquid
OKX
MEXC
Binance
Lighter
Bitget
Arcus
HTX
Variational Omni
ApeX Omni
Coinbase International
SunX
InjectivePENGU on 33 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Gate PENGU_USDT | −0.117% | −0.0162% | 4h | $3.5M | $13.0M | 75x | as long as short |
| Backpack PENGU_USDC_PERP | −0.070% | +0.0060% | 1h | $302K | $306K | 10x | as long as short |
| Extended PENGU-USD | −0.059% | +0.0104% | 1h | $176K | $678K | 10x | as long as short |
| Aster PENGUUSDT | −0.031% | +0.0100% | 4h | $202K | $340K | 20x | as long as short |
| Reya PENGURUSDPERP | −0.015% | +0.0236% | 1h | $289 | — | 10x | as long as short |
| GMX PENGU/USD [WBTC.b-USDC] | −0.012% | L +0.0488% / S −0.0675% | 1h | $107K | — | 100x | as long as short |
| Orderly PERP_PENGU_USDClong | 0.000% | +0.0096% | 4h | $16K | $182K | 20x | |
| gTrade (Gains Network) PENGU/USD | +0.019% | L +0.0007% / S −0.0003% | 1h | $33K | — | 150x | as long as short |
| BingX PENGU-USDC | +0.023% | +0.0100% | 4h | — | $2.3M | — | as long as short |
| Bybit PENGUUSDT | +0.035% | +0.0100% | 4h | $21.8M | $27.3M | 75x | as long as short |