data as of
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Price arb /

PENGU

all PENGU markets
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Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

Spread before costs (cost unknown: a leg has no order-book sample)−0.157%
7d average—if it closes, per $10,000$16funding while held, a day−$7.07
Long on ReyaShort on dYdX
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongReya PENGURUSDPERP0.0085740.0236pay 0.0029% / 1h6m 51s$290—10x
ShortdYdX PENGU-USD0.0085600get 0.0000% / 1h6m 51s$11K$5K5x

Price spread history

latest
Range statsloading…

How often the spread is this wide

share of time at each level, last 7D

Backtest

opened in the past, held until now, after costs
Backtest 7 daysBacktest 30 daysBacktest 90 daysopens the backtester with this pair and $10,000 a leg

Profit calculator

Spread captured
−$15.66
Funding while held
−$7.07
Slippage, 4 orders
no order book: not counted
Fee Reya: 3 bp × 2 orders
−$6
Fee dYdX: 5 bp × 2 orders
−$10
Net
−$38.73
Spread needed to break even
0.160%
Slippage unknown: Reya: no order-book sample; dYdX: no order-book sample. Net counts fees only.

Cost of waiting

funding view
Funding /8h
−0.0236%
Per $10,000 a day
−$7.07
Average in range /8h
—

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Reya no order-book sample—————
Sell dYdX no order-book sample—————
Reya and dYdX: 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.
ApeX Omni0.008544cheapestBybit0.008556+0.140%Gate0.008560+0.187%
dYdX0.008560+0.190%
Pacifica0.008561+0.199%MEXC0.008563+0.222%Binance0.008565+0.245%OKX0.008565+0.246%Extended0.008567+0.269%BingX0.008568+0.281%Nado0.008570+0.301%Arcus0.008570+0.304%Bitget0.008570+0.304%Variational Omni0.008570+0.307%Lighter0.008571+0.316%Hyperliquid0.008573+0.339%KuCoin0.008573+0.339%
Reya0.008574+0.348%
Backpack0.008574+0.351%Aevo0.008575+0.363%SoDEX0.008575+0.363%Orderly0.008576+0.375%Deribit0.008577+0.386%01 Exchange0.008578+0.398%Aster0.008578+0.403%GMX0.008579+0.410%gTrade (Gains Network)0.008580+0.421%BloFin0.008580+0.421%Kraken Futures0.008582+0.447%HTX0.008592+0.562%Coinbase International0.008662+1.381%SunX0.008780+2.762%Injective0.008792+2.903%

PENGU on 33 venues

cheapest first. Swap a leg.
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
ApeX Omni PENGUUSDT−0.346%+0.0100%1h$78K$253K50xas long as short
Bybit PENGUUSDT−0.206%+0.0100%4h$21.8M$27.3M75xas long as short
Gate PENGU_USDT−0.160%−0.0150%4h$3.5M$13.0M75xas long as short
dYdX PENGU-USDshort−0.157%0.0000%1h$11K$5K5x
Pacifica PENGU−0.148%+0.0100%1h$202K$133K5xas long as short
MEXC PENGU_USDT−0.125%+0.0100%4h$11.1M$11.0M125xas long as short
Binance PENGUUSDT−0.102%+0.0100%4h$36.2M$128.5M75xas long as short
OKX PENGU-USDT-SWAP−0.101%+0.0100%4h$7.8M$39.8M50xas long as short
Extended PENGU-USD−0.078%+0.0104%1h$176K$678K10xas long as short
BingX PENGU-USDC−0.066%+0.0100%4h—$2.3M—as long as short
Show all 33 venues
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Nado PENGU-PERP−0.046%+0.0100%1h$626K$680K5xas long as short
Arcus PENGU-USD−0.043%+0.0100%1h$18K$23K5xas long as short
Bitget PENGUUSDT−0.043%+0.0100%4h$8.3M$9.7M75xas long as short
Variational Omni PENGU−0.040%+0.0100%4h$765K$529K—as long as short
Lighter PENGU−0.031%+0.0096%1h$308K$490K8xas long as short
Hyperliquid PENGU−0.008%+0.0100%1h$9.6M$11.9M5xas long as short
KuCoin PENGUUSDTM−0.008%+0.0100%4h$5.1M$7.1M75xas long as short
Reya PENGURUSDPERPlong0.000%+0.0236%1h$290—10x
Backpack PENGU_USDC_PERP+0.004%+0.0056%1h$303K$306K10xas long as short
Aevo PENGU-PERP+0.015%+0.0104%1h$198K$17K3xas long as short
SoDEX PENGU-USD+0.015%+0.0100%1h$970$14K5xas long as short
Orderly PERP_PENGU_USDC+0.027%+0.0096%4h$16K$182K20xas long as short
Deribit PENGU_USDC-PERPETUAL+0.039%0.0000%1h$19K$7K10xas long as short
01 Exchange PENGUUSD+0.050%+0.0192%1h$165$285xas long as short
Aster PENGUUSDT+0.055%+0.0100%4h$203K$340K20xas long as short
GMX PENGU/USD [WBTC.b-USDC]+0.062%L +0.0489% / S −0.0675%1h$107K—100xas long as short
gTrade (Gains Network) PENGU/USD+0.074%L +0.0007% / S −0.0003%1h$33K—150xas long as short
BloFin PENGU-USDT+0.074%+0.0340%4h$1.5M$1.5M75xas long as short
Kraken Futures PF_PENGUUSD+0.099%+0.0290%1h$312K$956K50xas long as short
HTX PENGU-USDT+0.213%+0.0100%4h$99K$207K25xas long as short
Coinbase International PENGU-PERP-INTX+1.030%+0.2968%1h$91K$128K50xas long as short
SunX PENGU-USDT+2.406%+0.0100%4h$3K$2.0M10xas long as short
Injective PENGU/USDC PERP+2.546%+0.4551%1h$3K$51K5.5xas long as short