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−$9.93
| 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 | 2m 34s | $292 | — | 10x |
| Short | Deribit PENGU_USDC-PERPETUAL | 0.008657 | −0.0096 | pay 0.0012% / 1h | 2m 34s | $20K | $6K | 10x |
Reya PENGURUSDPERP
Deribit PENGU_USDC-PERPETUALPrice 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
- −$9.93
- Slippage, 4 orders
- no order book: not counted
- Fee Reya: 3 bp × 2 orders
- −$6
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- −$28.49
- Spread needed to break even
- 0.130%
Slippage unknown: Reya: no order-book sample; Deribit: no order-book sample. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- −0.0331%
- Per $10,000 a day
- −$9.93
- 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 Deribit no order-book sample | — | — | — | — | — |
Reya and Deribit: 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.SoDEX0.008633cheapestBackpack0.008653+0.232%Aevo0.008656+0.266%
SoDEX
Backpack
AevoDeribit0.008657+0.278%
GMX0.008659+0.301%Orderly0.008659+0.301%gTrade (Gains Network)0.008661+0.321%BloFin0.008661+0.324%
GMX
Orderly
gTrade (Gains Network)
BloFinReya0.008662+0.334%
Nado0.008667+0.400%Kraken Futures0.008671+0.439%HTX0.008679+0.533%ApeX Omni0.008682+0.568%Variational Omni0.008704+0.824%Bybit0.008709+0.880%Binance0.008723+1.047%Aster0.008724+1.049%Lighter0.008726+1.077%BingX0.008728+1.100%Arcus0.008730+1.124%01 Exchange0.008731+1.135%Bitget0.008731+1.135%Gate0.008732+1.147%Hyperliquid0.008733+1.158%Extended0.008739+1.229%Pacifica0.008741+1.251%dYdX0.008742+1.263%MEXC0.008743+1.274%KuCoin0.008743+1.274%OKX0.008744+1.286%Coinbase International0.008807+2.016%SunX0.008867+2.711%
Nado
Kraken Futures
HTX
ApeX Omni
Variational Omni
Bybit
Binance
Aster
Lighter
BingX
Arcus
Bitget
Gate
Hyperliquid
Extended
Pacifica
dYdX
MEXC
KuCoin
OKX
Coinbase International
SunXInjective0.009138+5.850%
InjectivePENGU on 33 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| SoDEX PENGU-USD | −0.333% | +0.0100% | 1h | $977 | $14K | 5x | as long as short |
| Backpack PENGU_USDC_PERP | −0.102% | −0.0072% | 1h | $303K | $282K | 10x | as long as short |
| Aevo PENGU-PERP | −0.067% | +0.0104% | 1h | $200K | $17K | 3x | as long as short |
| Deribit PENGU_USDC-PERPETUALshort | −0.056% | −0.0096% | 1h | $20K | $6K | 10x | |
| 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 |
| gTrade (Gains Network) PENGU/USD | −0.012% | L +0.0007% / S −0.0003% | 1h | $33K | — | 150x | as long as short |
| BloFin PENGU-USDT | −0.009% | +0.0340% | 4h | $1.5M | $935K | 75x | as long as short |
| Reya PENGURUSDPERPlong | 0.000% | +0.0235% | 1h | $292 | — | 10x | |
| Nado PENGU-PERP | +0.066% | +0.0100% | 1h | $600K | $569K | 5x | as long as short |