Spread before costs (cost unknown: a leg has no order-book sample)0.000%
7d average+0.056%if it closes, per $10,000$0funding while held, a day−$0.06
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Orderly PERP_PENGU_USDC | 0.008699 | 0.0098 | pay 0.0049% / 4h | 2h 22m | $16K | $182K | 20x |
| Short | Lighter PENGU | 0.008699 | 0.0096 | get 0.0012% / 1h | 22m 03s | $312K | $481K | 8x |
Orderly PERP_PENGU_USDC
Lighter PENGUPrice 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
- $0
- Funding while held
- −$0.06
- Slippage, 4 orders
- no order book: not counted
- Fee Orderly: 3 bp × 2 orders
- −$6
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$6.06
- Spread needed to break even
- 0.060%
Slippage unknown: Orderly: no order-book sample; Lighter: live order book, 10 min ago. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- −0.0002%
- Per $10,000 a day
- −$0.06
- 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 Lighter live order book, 10 min ago | 4.05 bp | 8.7 bp −$9 | 65.0 bp −$650 | 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.Arcus0.008680cheapestBingX0.008683+0.035%Bybit0.008684+0.046%Gate0.008687+0.081%ApeX Omni0.008688+0.092%01 Exchange0.008689+0.104%Binance0.008690+0.116%OKX0.008691+0.127%Backpack0.008691+0.127%Aevo0.008693+0.150%SoDEX0.008693+0.150%Extended0.008693+0.152%MEXC0.008694+0.161%Deribit0.008695+0.173%Aster0.008696+0.184%KuCoin0.008697+0.196%Bitget0.008698+0.207%Variational Omni0.008699+0.219%
Arcus
BingX
Bybit
Gate
ApeX Omni
Binance
OKX
Backpack
Aevo
SoDEX
Extended
MEXC
Deribit
Aster
KuCoin
Bitget
Variational OmniLighter0.008699+0.219%
GMX0.008699+0.219%
GMXOrderly0.008699+0.219%
gTrade (Gains Network)0.008700+0.231%Reya0.008700+0.234%Hyperliquid0.008701+0.242%Pacifica0.008702+0.253%Kraken Futures0.008703+0.261%Nado0.008703+0.265%BloFin0.008703+0.265%dYdX0.008709+0.331%HTX0.008723+0.495%Injective0.008792+1.290%Coinbase International0.008808+1.475%SunX0.008902+2.558%
gTrade (Gains Network)
Reya
Hyperliquid
Pacifica
Kraken Futures
Nado
BloFin
dYdX
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 | |
|---|---|---|---|---|---|---|---|
| Arcus PENGU-USD | −0.218% | +0.0100% | 1h | $19K | $23K | 5x | as long as short |
| BingX PENGU-USDC | −0.184% | +0.0100% | 4h | — | $2.3M | — | as long as short |
| Bybit PENGUUSDT | −0.172% | +0.0100% | 4h | $22.1M | $27.0M | 75x | as long as short |
| Gate PENGU_USDT | −0.138% | −0.0134% | 4h | $3.6M | $12.9M | 75x | as long as short |
| ApeX Omni PENGUUSDT | −0.126% | +0.0100% | 1h | $79K | $252K | 50x | as long as short |
| 01 Exchange PENGUUSD | −0.115% | +0.0176% | 1h | $167 | $28 | 5x | as long as short |
| Binance PENGUUSDT | −0.103% | +0.0100% | 4h | $36.8M | $127.7M | 75x | as long as short |
| OKX PENGU-USDT-SWAP | −0.092% | +0.0100% | 4h | $7.9M | $40.1M | 50x | as long as short |
| Backpack PENGU_USDC_PERP | −0.092% | +0.0100% | 1h | $307K | $306K | 10x | as long as short |
| Aevo PENGU-PERP | −0.069% | +0.0104% | 1h | $201K | $17K | 3x | as long as short |