Spread before costs (cost unknown: a leg has no order-book sample)+0.047%
7d average—if it closes, per $10,000$5funding while held, a day−$3.00
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | SoDEX PENGU-USD | 0.008601 | 0.0100 | pay 0.0013% / 1h | 13m 51s | $969 | $14K | 5x |
| Short | Deribit PENGU_USDC-PERPETUAL | 0.008605 | 0 | get 0.0000% / 1h | 13m 51s | $19K | $7K | 10x |
SoDEX PENGU-USD
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
- $4.65
- Funding while held
- −$3
- Slippage, 4 orders
- no order book: not counted
- Fee SoDEX: 4 bp × 2 orders
- −$8
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- −$13.35
- Spread needed to break even
- 0.150%
Slippage unknown: SoDEX: no order-book sample; Deribit: no order-book sample. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- −0.0100%
- Per $10,000 a day
- −$3.00
- 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 SoDEX no order-book sample | — | — | — | — | — |
| Sell Deribit no order-book sample | — | — | — | — | — |
SoDEX 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.Bybit0.008583cheapestOKX0.008592+0.105%Gate0.008593+0.117%Binance0.008594+0.128%Bitget0.008594+0.128%Lighter0.008596+0.151%Pacifica0.008596+0.151%Hyperliquid0.008597+0.163%BingX0.008598+0.175%Extended0.008599+0.182%Reya0.008599+0.184%Nado0.008599+0.186%Backpack0.008599+0.186%dYdX0.008599+0.190%Arcus0.008600+0.198%MEXC0.008600+0.198%KuCoin0.008600+0.198%
Bybit
OKX
Gate
Binance
Bitget
Lighter
Pacifica
Hyperliquid
BingX
Extended
Reya
Nado
Backpack
dYdX
Arcus
MEXC
KuCoinSoDEX0.008601+0.210%
Orderly0.008603+0.233%Aevo0.008603+0.233%Aster0.008604+0.241%GMX0.008605+0.256%
Orderly
Aevo
Aster
GMXDeribit0.008605+0.256%
BloFin0.008606+0.268%gTrade (Gains Network)0.008607+0.282%HTX0.008609+0.303%Kraken Futures0.008609+0.306%01 Exchange0.008610+0.315%Variational Omni0.008631+0.562%ApeX Omni0.008653+0.816%Injective0.008792+2.435%SunX0.008807+2.610%Coinbase International0.008808+2.621%
BloFin
gTrade (Gains Network)
HTX
Kraken Futures
Variational Omni
ApeX Omni
Injective
SunX
Coinbase InternationalPENGU on 33 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Bybit PENGUUSDT | −0.209% | +0.0100% | 4h | $21.9M | $27.1M | 75x | as long as short |
| OKX PENGU-USDT-SWAP | −0.105% | +0.0100% | 4h | $7.8M | $39.7M | 50x | as long as short |
| Gate PENGU_USDT | −0.093% | −0.0142% | 4h | $3.6M | $12.9M | 75x | as long as short |
| Binance PENGUUSDT | −0.081% | +0.0100% | 4h | $36.4M | $128.0M | 75x | as long as short |
| Bitget PENGUUSDT | −0.081% | +0.0100% | 4h | $8.4M | $9.7M | 75x | as long as short |
| Lighter PENGU | −0.058% | +0.0096% | 1h | $309K | $487K | 8x | as long as short |
| Pacifica PENGU | −0.058% | +0.0100% | 1h | $203K | $133K | 5x | as long as short |
| Hyperliquid PENGU | −0.047% | +0.0100% | 1h | $9.7M | $11.9M | 5x | as long as short |
| BingX PENGU-USDT | −0.035% | +0.0100% | 4h | — | $4.0M | — | as long as short |
| Extended PENGU-USD | −0.028% | +0.0104% | 1h | $177K | $678K | 10x | as long as short |