Spread before costs (cost unknown: a leg has no order-book sample)−0.158%
7d average—if it closes, per $10,000$16funding while held, a day−$0.03
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | SoDEX PENGU-USD | 0.008879 | 0.0100 | pay 0.0013% / 1h | 49m 05s | $1K | $14K | 5x |
| Short | Orderly PERP_PENGU_USDC | 0.008865 | 0.0099 | get 0.0049% / 4h | 3h 49m | $22K | $179K | 20x |
SoDEX PENGU-USD
Orderly PERP_PENGU_USDCPrice 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
- −$15.77
- Funding while held
- −$0.03
- Slippage, 4 orders
- no order book: not counted
- Fee SoDEX: 4 bp × 2 orders
- −$8
- Fee Orderly: 3 bp × 2 orders
- −$6
- Net
- −$29.8
- Spread needed to break even
- 0.140%
Slippage unknown: SoDEX: no order-book sample; Orderly: no order-book sample. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- −0.0001%
- Per $10,000 a day
- −$0.03
- 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 Orderly no order-book sample | — | — | — | — | — |
SoDEX and Orderly: 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.Reya0.008838cheapestVariational Omni0.008842+0.050%Nado0.008845+0.081%ApeX Omni0.008847+0.104%Arcus0.008850+0.138%BloFin0.008850+0.138%Pacifica0.008853+0.171%Bybit0.008855+0.194%Gate0.008855+0.194%Binance0.008855+0.197%dYdX0.008856+0.200%01 Exchange0.008856+0.205%BingX0.008858+0.228%GMX0.008858+0.228%Backpack0.008860+0.251%MEXC0.008861+0.262%Extended0.008862+0.270%Aster0.008862+0.277%KuCoin0.008863+0.285%Deribit0.008863+0.285%gTrade (Gains Network)0.008864+0.296%OKX0.008865+0.307%
Reya
Variational Omni
Nado
ApeX Omni
Arcus
BloFin
Pacifica
Bybit
Gate
Binance
dYdX
BingX
GMX
Backpack
MEXC
Extended
Aster
KuCoin
Deribit
gTrade (Gains Network)
OKXOrderly0.008865+0.307%
Aevo0.008865+0.307%Lighter0.008866+0.319%Bitget0.008867+0.330%Kraken Futures0.008872+0.390%HTX0.008878+0.454%Hyperliquid0.008879+0.466%
Aevo
Lighter
Bitget
Kraken Futures
HTX
HyperliquidSoDEX0.008879+0.466%
Coinbase International0.008925+0.986%Injective0.008958+1.360%SunX0.009061+2.525%
Coinbase International
Injective
SunXPENGU on 33 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Reya PENGURUSDPERP | −0.464% | +0.0235% | 1h | $298 | — | 10x | as long as short |
| Variational Omni PENGU | −0.414% | +0.0100% | 4h | $701K | $362K | — | as long as short |
| Nado PENGU-PERP | −0.383% | +0.0100% | 1h | $654K | $608K | 5x | as long as short |
| ApeX Omni PENGUUSDT | −0.360% | +0.0100% | 1h | $78K | $251K | 50x | as long as short |
| Arcus PENGU-USD | −0.327% | +0.0100% | 1h | $19K | $25K | 5x | as long as short |
| BloFin PENGU-USDT | −0.327% | +0.0340% | 4h | $1.6M | $1.5M | 75x | as long as short |
| Pacifica PENGU | −0.293% | +0.0100% | 1h | $207K | $128K | 5x | as long as short |
| Bybit PENGUUSDT | −0.270% | +0.0100% | 4h | $23.3M | $24.5M | 75x | as long as short |
| Gate PENGU_USDT | −0.270% | −0.0182% | 4h | $3.9M | $10.8M | 75x | as long as short |
| Binance PENGUUSDT | −0.267% | +0.0100% | 4h | $38.2M | $118.5M | 75x | as long as short |