Spread before costs (cost unknown: a leg has no order-book sample)−0.244%
7d average—if it closes, per $10,000$24funding while held, a day−$1.50
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | 01 Exchange PENGUUSD | 0.008617 | 0.0112 | pay 0.0014% / 1h | 41m 15s | $166 | $28 | 5x |
| Short | Backpack PENGU_USDC_PERP | 0.008596 | 0.0062 | get 0.0008% / 1h | 41m 15s | $305K | $308K | 10x |
Backpack PENGU_USDC_PERPPrice 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
- −$24.37
- Funding while held
- −$1.5
- Slippage, 4 orders
- no order book: not counted
- Fee 01 Exchange: 3.5 bp × 2 orders
- −$7
- Fee Backpack: 5 bp × 2 orders
- −$10
- Net
- −$42.87
- Spread needed to break even
- 0.170%
Slippage unknown: 01 Exchange: no order-book sample; Backpack: live order book, 64 min ago. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- −0.0050%
- Per $10,000 a day
- −$1.50
- 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 01 Exchange no order-book sample | — | — | — | — | — |
| Sell Backpack live order book, 64 min ago | 0.56 bp | 8.9 bp −$9 | doesn't fit | doesn't fit | doesn't fit |
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.Bybit0.008588cheapestAevo0.008589+0.012%SoDEX0.008589+0.012%Extended0.008590+0.023%BingX0.008591+0.035%Deribit0.008591+0.035%BloFin0.008593+0.058%Binance0.008595+0.082%Orderly0.008595+0.082%Pacifica0.008596+0.093%Gate0.008596+0.093%
Bybit
Aevo
SoDEX
Extended
BingX
Deribit
BloFin
Binance
Orderly
Pacifica
GateBackpack0.008596+0.093%
Lighter0.008598+0.116%Bitget0.008598+0.116%GMX0.008599+0.128%OKX0.008600+0.140%Arcus0.008600+0.140%gTrade (Gains Network)0.008600+0.141%dYdX0.008601+0.154%Kraken Futures0.008602+0.163%Nado0.008602+0.163%MEXC0.008603+0.175%Reya0.008604+0.185%Aster0.008608+0.235%KuCoin0.008609+0.245%Hyperliquid0.008610+0.256%HTX0.008617+0.338%ApeX Omni0.008644+0.652%Variational Omni0.008677+1.034%Injective0.008792+2.375%SunX0.008806+2.538%Coinbase International0.008808+2.562%
Lighter
Bitget
GMX
OKX
Arcus
gTrade (Gains Network)
dYdX
Kraken Futures
Nado
MEXC
Reya
Aster
KuCoin
Hyperliquid
HTX
ApeX Omni
Variational 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 | −0.337% | +0.0100% | 4h | $21.8M | $26.8M | 75x | as long as short |
| Aevo PENGU-PERP | −0.325% | +0.0104% | 1h | $198K | $17K | 3x | as long as short |
| SoDEX PENGU-USD | −0.325% | +0.0100% | 1h | $958 | $14K | 5x | as long as short |
| Extended PENGU-USD | −0.313% | +0.0104% | 1h | $177K | $676K | 10x | as long as short |
| BingX PENGU-USDC | −0.302% | +0.0100% | 4h | — | $2.3M | — | as long as short |
| Deribit PENGU_USDC-PERPETUAL | −0.302% | 0.0000% | 1h | $19K | $7K | 10x | as long as short |
| BloFin PENGU-USDT | −0.279% | +0.0340% | 4h | $1.5M | $1.5M | 75x | as long as short |
| Binance PENGUUSDT | −0.255% | +0.0100% | 4h | $36.5M | $126.9M | 75x | as long as short |
| Orderly PERP_PENGU_USDC | −0.255% | +0.0098% | 4h | $16K | $183K | 20x | as long as short |
| Pacifica PENGU | −0.244% | +0.0100% | 1h | $201K | $130K | 5x | as long as short |
Show all 33 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Gate PENGU_USDT | −0.244% | −0.0106% | 4h | $3.6M | $12.8M | 75x | as long as short |
| Backpack PENGU_USDC_PERPshort | −0.244% | +0.0062% | 1h | $305K | $308K | 10x | |
| Lighter PENGU | −0.220% | +0.0096% | 1h | $307K | $477K | 8x | as long as short |
| Bitget PENGUUSDT | −0.220% | +0.0100% | 4h | $8.3M | $9.6M | 75x | as long as short |
| GMX PENGU/USD [WBTC.b-USDC] | −0.209% | L +0.0492% / S −0.0679% | 1h | $108K | — | 100x | as long as short |
| OKX PENGU-USDT-SWAP | −0.197% | +0.0100% | 4h | $7.6M | $39.7M | 50x | as long as short |
| Arcus PENGU-USD | −0.197% | +0.0100% | 1h | $19K | $23K | 5x | as long as short |
| gTrade (Gains Network) PENGU/USD | −0.196% | L +0.0007% / S −0.0003% | 1h | $33K | — | 150x | as long as short |
| dYdX PENGU-USD | −0.183% | 0.0000% | 1h | $11K | $5K | 5x | as long as short |
| Kraken Futures PF_PENGUUSD | −0.174% | +0.0289% | 1h | $362K | $855K | 50x | as long as short |
| Nado PENGU-PERP | −0.174% | +0.0100% | 1h | $629K | $673K | 5x | as long as short |
| MEXC PENGU_USDT | −0.162% | +0.0100% | 4h | $11.4M | $10.8M | 125x | as long as short |
| Reya PENGURUSDPERP | −0.153% | +0.0236% | 1h | $291 | — | 10x | as long as short |
| Aster PENGUUSDT | −0.103% | +0.0100% | 4h | $204K | $345K | 20x | as long as short |
| KuCoin PENGUUSDTM | −0.093% | +0.0100% | 4h | $5.2M | $7.0M | 75x | as long as short |
| Hyperliquid PENGU | −0.081% | +0.0100% | 1h | $9.5M | $11.6M | 5x | as long as short |
| 01 Exchange PENGUUSDlong | 0.000% | +0.0112% | 1h | $166 | $28 | 5x | |
| HTX PENGU-USDT | 0.000% | +0.0100% | 4h | $99K | $211K | 25x | as long as short |
| ApeX Omni PENGUUSDT | +0.313% | −0.0098% | 1h | $79K | $253K | 50x | as long as short |
| Variational Omni PENGU | +0.694% | +0.0100% | 4h | $767K | $519K | — | as long as short |
| Injective PENGU/USDC PERP | +2.031% | +0.4551% | 1h | $3K | $51K | 5.5x | as long as short |
| SunX PENGU-USDT | +2.193% | +0.0100% | 4h | $3K | $2.0M | 10x | as long as short |
| Coinbase International PENGU-PERP-INTX | +2.217% | +0.2968% | 1h | $93K | $128K | 50x | as long as short |