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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)+0.570%
7d average—if it closes, per $10,000$57funding while held, a day+$2.28
Long on Variational OmniShort on 01 Exchange
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongVariational Omni PENGU0.0086420.0100pay 0.0050% / 4h1h 42m$769K$525K—
Short01 Exchange PENGUUSD0.0086910.0176get 0.0022% / 1h42m 01s$167$285x

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
$57.03
Funding while held
$2.28
Slippage, 4 orders
no order book: not counted
Fee Variational Omni: 0 bp × 2 orders
$0
Fee 01 Exchange: 3.5 bp × 2 orders
−$7
Net
$52.31
Spread needed to break even
0.070%
Slippage unknown: Variational Omni: RFQ quote, 58 min ago; 01 Exchange: no order-book sample. Net counts fees only.

Cost of waiting

funding view
Funding /8h
+0.0076%
Per $10,000 a day
+$2.28
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 Variational Omni RFQ quote, 58 min ago3.49 bpdoesn't fit23.3 bp −$233doesn't fitdoesn't fit
Sell 01 Exchange no order-book sample—————
01 Exchange: 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 Omni0.008628cheapest
Variational Omni0.008642+0.159%
BloFin0.008675+0.545%Arcus0.008680+0.603%dYdX0.008680+0.603%Pacifica0.008681+0.614%Reya0.008684+0.647%Bybit0.008684+0.649%Nado0.008684+0.649%BingX0.008688+0.695%Extended0.008689+0.701%OKX0.008690+0.719%MEXC0.008690+0.719%Binance0.008691+0.730%
01 Exchange0.008691+0.730%
KuCoin0.008691+0.730%Bitget0.008695+0.777%Gate0.008697+0.800%GMX0.008698+0.811%Aevo0.008700+0.834%SoDEX0.008700+0.834%Backpack0.008701+0.846%gTrade (Gains Network)0.008702+0.858%Aster0.008702+0.858%Orderly0.008703+0.869%Kraken Futures0.008705+0.888%Lighter0.008706+0.904%Deribit0.008706+0.904%HTX0.008707+0.916%Hyperliquid0.008711+0.962%Coinbase International0.008761+1.541%Injective0.008792+1.901%SunX0.008903+3.187%

PENGU on 33 venues

cheapest first. Swap a leg.
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
ApeX Omni PENGUUSDT−0.159%+0.0100%1h$79K$252K50xas long as short
Variational Omni PENGUlong0.000%+0.0100%4h$769K$525K—
BloFin PENGU-USDT+0.385%+0.0340%4h$1.5M$1.6M75xas long as short
Arcus PENGU-USD+0.443%+0.0100%1h$19K$23K5xas long as short
dYdX PENGU-USD+0.444%0.0000%1h$11K$5K5xas long as short
Pacifica PENGU+0.455%+0.0100%1h$205K$133K5xas long as short
Reya PENGURUSDPERP+0.487%+0.0236%1h$293—10xas long as short
Bybit PENGUUSDT+0.489%+0.0100%4h$22.1M$27.5M75xas long as short
Nado PENGU-PERP+0.489%+0.0100%1h$633K$683K5xas long as short
BingX PENGU-USDT+0.536%+0.0100%4h—$3.9M—as long as short
Show all 33 venues
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Extended PENGU-USD+0.541%+0.0104%1h$178K$678K10xas long as short
OKX PENGU-USDT-SWAP+0.559%+0.0100%4h$8.0M$40.7M50xas long as short
MEXC PENGU_USDT+0.559%+0.0100%4h$11.3M$10.7M125xas long as short
Binance PENGUUSDT+0.570%+0.0100%4h$36.7M$129.5M75xas long as short
01 Exchange PENGUUSDshort+0.570%+0.0176%1h$167$285x
KuCoin PENGUUSDTM+0.570%+0.0100%4h$5.2M$7.2M75xas long as short
Bitget PENGUUSDT+0.617%+0.0100%4h$8.4M$9.8M75xas long as short
Gate PENGU_USDT+0.640%−0.0100%4h$3.6M$12.9M75xas long as short
GMX PENGU/USD [WBTC.b-USDC]+0.651%L +0.0503% / S −0.0698%1h$112K—100xas long as short
Aevo PENGU-PERP+0.674%+0.0104%1h$201K$17K3xas long as short
SoDEX PENGU-USD+0.674%+0.0100%1h$978$14K5xas long as short
Backpack PENGU_USDC_PERP+0.686%+0.0100%1h$307K$305K10xas long as short
gTrade (Gains Network) PENGU/USD+0.698%L +0.0007% / S −0.0003%1h$33K—150xas long as short
Aster PENGUUSDT+0.698%+0.0100%4h$206K$366K20xas long as short
Orderly PERP_PENGU_USDC+0.709%+0.0096%4h$21K$187K20xas long as short
Kraken Futures PF_PENGUUSD+0.728%−0.0074%1h$307K$981K50xas long as short
Lighter PENGU+0.744%+0.0096%1h$314K$492K8xas long as short
Deribit PENGU_USDC-PERPETUAL+0.744%0.0000%1h$20K$7K10xas long as short
HTX PENGU-USDT+0.755%+0.0100%4h$97K$234K25xas long as short
Hyperliquid PENGU+0.802%+0.0100%1h$9.6M$12.0M5xas long as short
Coinbase International PENGU-PERP-INTX+1.380%+0.2920%1h$92K$126K50xas long as short
Injective PENGU/USDC PERP+1.739%+0.0033%1h$3K$24K5.5xas long as short
SunX PENGU-USDT+3.024%+0.0100%4h$2K$2.0M10xas long as short