Spread before costs (cost unknown: a leg has no order-book sample)−0.056%
7d average—if it closes, per $10,000$6funding while held, a day−$4.05
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Reya PENGURUSDPERP | 0.008662 | 0.0235 | pay 0.0029% / 1h | 3m 23s | $292 | — | 10x |
| Short | BingX PENGU-USDT | 0.008657 | 0.0100 | get 0.0050% / 4h | 3m 23s | — | $3.8M | — |
Reya PENGURUSDPERP
BingX 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
- −$5.56
- Funding while held
- −$4.05
- Slippage, 4 orders
- no order book: not counted
- Fee Reya: 3 bp × 2 orders
- −$6
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- −$25.61
- Spread needed to break even
- 0.160%
Slippage unknown: Reya: no order-book sample; BingX: live order book, 8 min ago. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- −0.0135%
- Per $10,000 a day
- −$4.05
- 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 Reya no order-book sample | — | — | — | — | — |
| Sell BingX live order book, 8 min ago | 0.57 bp | 11.5 bp −$11 | 15.3 bp −$153 | 44.2 bp −$4,423 | 299.3 bp −$149.7K |
Reya: 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.Bybit0.008651cheapestGate0.008653+0.023%Extended0.008656+0.052%OKX0.008656+0.058%Aevo0.008656+0.058%
Bybit
Gate
Extended
OKX
AevoBingX0.008657+0.069%
Deribit0.008657+0.069%Binance0.008658+0.081%GMX0.008659+0.092%Orderly0.008659+0.092%gTrade (Gains Network)0.008661+0.113%MEXC0.008661+0.116%
Deribit
Binance
GMX
Orderly
gTrade (Gains Network)
MEXCReya0.008662+0.125%
HTX0.008663+0.139%01 Exchange0.008664+0.150%Backpack0.008664+0.150%Bitget0.008665+0.162%KuCoin0.008667+0.185%Nado0.008667+0.191%Lighter0.008669+0.208%Pacifica0.008669+0.208%Hyperliquid0.008670+0.220%Arcus0.008670+0.220%Kraken Futures0.008671+0.230%SoDEX0.008671+0.231%dYdX0.008673+0.249%Aster0.008673+0.253%ApeX Omni0.008682+0.358%BloFin0.008696+0.520%Variational Omni0.008704+0.614%Coinbase International0.008807+1.803%SunX0.008867+2.497%
HTX
Backpack
Bitget
KuCoin
Nado
Lighter
Pacifica
Hyperliquid
Arcus
Kraken Futures
SoDEX
dYdX
Aster
ApeX Omni
BloFin
Variational Omni
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 | |
|---|---|---|---|---|---|---|---|
| Bybit PENGUUSDT | −0.125% | +0.0100% | 4h | $21.9M | $22.8M | 75x | as long as short |
| Gate PENGU_USDT | −0.102% | +0.0064% | 4h | $3.7M | $10.3M | 75x | as long as short |
| Extended PENGU-USD | −0.073% | +0.0104% | 1h | $192K | $665K | 10x | as long as short |
| OKX PENGU-USDT-SWAP | −0.067% | +0.0100% | 4h | $7.6M | $36.7M | 50x | as long as short |
| Aevo PENGU-PERP | −0.067% | +0.0104% | 1h | $200K | $17K | 3x | as long as short |
| BingX PENGU-USDTshort | −0.056% | +0.0100% | 4h | — | $3.8M | — | |
| Deribit PENGU_USDC-PERPETUAL | −0.056% | −0.0096% | 1h | $20K | $6K | 10x | as long as short |
| Binance PENGUUSDT | −0.043% | +0.0100% | 4h | $37.1M | $113.4M | 75x | as long as short |
| GMX PENGU/USD [WBTC.b-USDC] | −0.033% | L +0.0401% / S −0.0384% | 1h | $88K | — | 100x | as long as short |
| Orderly PERP_PENGU_USDC | −0.033% | +0.0098% | 4h | $21K | $179K | 20x | as long as short |