Spread before costs (cost unknown: a leg has no order-book sample)+0.116%
7d average—if it closes, per $10,000$12funding while held, a day+$17.28
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | SoDEX PENGU-USD | 0.008591 | 0.0100 | pay 0.0013% / 1h | 56m 25s | $960 | $14K | 5x |
| Short | GMX PENGU/USD [WBTC.b-USDC] | 0.008601 | L +0.0489% / S −0.0676% | get 0.0085% / 1h | 56m 25s | $108K | — | 100x |
SoDEX PENGU-USD
GMX PENGU/USD [WBTC.b-USDC]Price 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
- $11.64
- Funding while held
- $17.28
- Slippage, 4 orders
- no order book: not counted
- Fee SoDEX: 4 bp × 2 orders
- −$8
- Fee GMX: 6 bp × 2 orders
- −$12
- Net
- $8.92
- Spread needed to break even
- 0.200%
Slippage unknown: SoDEX: no order-book sample; GMX: no order-book sample. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- +0.0576%
- Per $10,000 a day
- +$17.28
- 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 GMX no order-book sample | — | — | — | — | — |
SoDEX and GMX: 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.01 Exchange0.008588cheapestKuCoin0.008588cheapestBybit0.008589+0.012%BingX0.008589+0.012%Arcus0.008590+0.023%Reya0.008590+0.024%
KuCoin
Bybit
BingX
Arcus
ReyaSoDEX0.008591+0.035%
Nado0.008591+0.038%Hyperliquid0.008593+0.058%Gate0.008593+0.058%Orderly0.008593+0.058%Extended0.008593+0.063%OKX0.008594+0.070%MEXC0.008594+0.070%Aster0.008594+0.073%Deribit0.008595+0.082%Bitget0.008596+0.093%Aevo0.008596+0.093%Binance0.008597+0.105%Kraken Futures0.008599+0.128%Pacifica0.008600+0.140%gTrade (Gains Network)0.008600+0.144%dYdX0.008601+0.151%
Nado
Hyperliquid
Gate
Orderly
Extended
OKX
MEXC
Aster
Deribit
Bitget
Aevo
Binance
Kraken Futures
Pacifica
gTrade (Gains Network)
dYdXGMX0.008601+0.151%
Lighter0.008609+0.245%Backpack0.008643+0.640%BloFin0.008648+0.699%ApeX Omni0.008655+0.780%HTX0.008660+0.838%Variational Omni0.008671+0.970%Injective0.008792+2.375%Coinbase International0.008801+2.480%SunX0.008857+3.132%
Lighter
Backpack
BloFin
ApeX Omni
HTX
Variational Omni
Injective
Coinbase International
SunXPENGU on 33 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| 01 Exchange PENGUUSD | −0.035% | +0.0040% | 1h | $165 | $28 | 5x | as long as short |
| KuCoin PENGUUSDTM | −0.035% | +0.0100% | 4h | $5.1M | $7.0M | 75x | as long as short |
| Bybit PENGUUSDT | −0.023% | +0.0100% | 4h | $21.9M | $26.7M | 75x | as long as short |
| BingX PENGU-USDC | −0.023% | +0.0100% | 4h | — | $2.3M | — | as long as short |
| Arcus PENGU-USD | −0.012% | +0.0100% | 1h | $19K | $23K | 5x | as long as short |
| Reya PENGURUSDPERP | −0.011% | +0.0235% | 1h | $290 | — | 10x | as long as short |
| SoDEX PENGU-USDlong | 0.000% | +0.0100% | 1h | $960 | $14K | 5x | |
| Nado PENGU-PERP | +0.003% | +0.0100% | 1h | $630K | $665K | 5x | as long as short |
| Hyperliquid PENGU | +0.023% | +0.0100% | 1h | $8.5M | $10.6M | 5x | as long as short |
| Gate PENGU_USDT | +0.023% | −0.0058% | 4h | $3.5M | $12.5M | 75x | as long as short |