Spread before costs (cost unknown: a leg has no order-book sample)+0.455%
7d average—if it closes, per $10,000$46funding while held, a day+$12.66
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | SoDEX PENGU-USD | 0.008344 | 0.0100 | pay 0.0013% / 1h | 38m 24s | $923 | $14K | 5x |
| Short | Hyperliquid PENGU | 0.008382 | 0.0522 | get 0.0065% / 1h | 38m 24s | $8.7M | $5.2M | 5x |
SoDEX PENGU-USD
Hyperliquid PENGUPrice 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
- $45.54
- Funding while held
- $12.66
- Slippage, 4 orders
- no order book: not counted
- Fee SoDEX: 4 bp × 2 orders
- −$8
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- $41.2
- Spread needed to break even
- 0.170%
Slippage unknown: SoDEX: no order-book sample; Hyperliquid: live order book, 5 min ago. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- +0.0422%
- Per $10,000 a day
- +$12.66
- 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 Hyperliquid live order book, 5 min ago | 1.20 bp | 5.7 bp −$6 | doesn't fit | doesn't fit | doesn't fit |
SoDEX: 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.Injective0.007874cheapest
Variational Omni0.008330+5.789%Aevo0.008341+5.931%
Injective
Variational Omni
AevoSoDEX0.008344+5.969%
Deribit0.008344+5.969%Nado0.008345+5.982%BloFin0.008349+6.033%Backpack0.008350+6.045%Kraken Futures0.008356+6.115%BingX0.008359+6.160%Bybit0.008360+6.172%ApeX Omni0.008361+6.185%Orderly0.008361+6.185%OKX0.008362+6.198%Gate0.008364+6.223%Extended0.008365+6.230%gTrade (Gains Network)0.008365+6.230%Binance0.008365+6.231%dYdX0.008365+6.232%GMX0.008365+6.236%Reya0.008365+6.241%HTX0.008366+6.248%Lighter0.008369+6.287%Pacifica0.008369+6.287%MEXC0.008369+6.287%KuCoin0.008369+6.287%Arcus0.008370+6.299%Aster0.008370+6.302%01 Exchange0.008376+6.375%Bitget0.008378+6.401%
Deribit
Nado
BloFin
Backpack
Kraken Futures
BingX
Bybit
ApeX Omni
Orderly
OKX
Gate
Extended
gTrade (Gains Network)
Binance
dYdX
GMX
Reya
HTX
Lighter
Pacifica
MEXC
KuCoin
Arcus
Aster
BitgetHyperliquid0.008382+6.452%
Coinbase International0.008442+7.214%SunX0.008549+8.573%
Coinbase International
SunXPENGU on 33 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Injective PENGU/USDC PERP | −5.633% | +0.0033% | 1h | $3K | $153K | 5.5x | as long as short |
| Variational Omni PENGU | −0.170% | +0.0100% | 4h | $702K | $253K | — | as long as short |
| Aevo PENGU-PERP | −0.036% | +0.0104% | 1h | $193K | $17K | 3x | as long as short |
| SoDEX PENGU-USDlong | 0.000% | +0.0100% | 1h | $923 | $14K | 5x | |
| Deribit PENGU_USDC-PERPETUAL | 0.000% | 0.0000% | 1h | $22K | $3K | 10x | as long as short |
| Nado PENGU-PERP | +0.012% | +0.0100% | 1h | $213K | $246K | 5x | as long as short |
| BloFin PENGU-USDT | +0.060% | +0.0340% | 4h | $1.5M | $730K | 75x | as long as short |
| Backpack PENGU_USDC_PERP | +0.072% | +0.0100% | 1h | $283K | $241K | 10x | as long as short |
| Kraken Futures PF_PENGUUSD | +0.138% | +0.0375% | 1h | $367K | $685K | 50x | as long as short |
| BingX PENGU-USDC | +0.180% | +0.0100% | 4h | — | $2.3M | — | as long as short |
Show all 33 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Bybit PENGUUSDT | +0.192% | +0.0100% | 4h | $20.6M | $19.2M | 75x | as long as short |
| ApeX Omni PENGUUSDT | +0.204% | +0.0100% | 1h | $72K | $252K | 50x | as long as short |
| Orderly PERP_PENGU_USDC | +0.204% | +0.0094% | 4h | $16K | $172K | 20x | as long as short |
| OKX PENGU-USDT-SWAP | +0.216% | +0.0100% | 4h | $7.1M | $29.5M | 50x | as long as short |
| Gate PENGU_USDT | +0.240% | +0.0100% | 4h | $3.4M | $6.6M | 75x | as long as short |
| Extended PENGU-USD | +0.246% | +0.0104% | 1h | $160K | $635K | 10x | as long as short |
| gTrade (Gains Network) PENGU/USD | +0.247% | L +0.0007% / S −0.0003% | 1h | $32K | — | 150x | as long as short |
| Binance PENGUUSDT | +0.247% | +0.0100% | 4h | $35.4M | $90.9M | 75x | as long as short |
| dYdX PENGU-USD | +0.249% | +0.1780% | 1h | $10K | $998 | 5x | as long as short |
| GMX PENGU/USD [WBTC.b-USDC] | +0.252% | L +0.0398% / S −0.0388% | 1h | $86K | — | 100x | as long as short |
| Reya PENGURUSDPERP | +0.256% | +0.0234% | 1h | $282 | — | 10x | as long as short |
| HTX PENGU-USDT | +0.264% | +0.0100% | 4h | $93K | $202K | 25x | as long as short |
| Lighter PENGU | +0.300% | +0.0096% | 1h | $278K | $238K | 8x | as long as short |
| Pacifica PENGU | +0.300% | +0.0100% | 1h | $195K | $121K | 5x | as long as short |
| MEXC PENGU_USDT | +0.300% | +0.0100% | 4h | $12.0M | $8.2M | 125x | as long as short |
| KuCoin PENGUUSDTM | +0.300% | +0.0100% | 4h | $4.8M | $6.1M | 75x | as long as short |
| Arcus PENGU-USD | +0.312% | +0.0100% | 1h | $4K | $31K | 5x | as long as short |
| Aster PENGUUSDT | +0.314% | +0.0100% | 4h | $166K | $297K | 20x | as long as short |
| 01 Exchange PENGUUSD | +0.384% | +0.0184% | 1h | $161 | $28 | 5x | as long as short |
| Bitget PENGUUSDT | +0.407% | +0.0100% | 4h | $8.4M | $7.1M | 75x | as long as short |
| Hyperliquid PENGUshort | +0.455% | +0.0522% | 1h | $8.7M | $5.2M | 5x | |
| Coinbase International PENGU-PERP-INTX | +1.174% | +0.1152% | 1h | $84K | $211K | 50x | as long as short |
| SunX PENGU-USDT | +2.457% | +0.0100% | 4h | $3K | $1.5M | 10x | as long as short |