PENGU

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0134%/8h= +14.7% APRnext payment +$0.17 per $10,000 · paid last 24h +0.039%

Price spread now: Reya against Aevo+0.191%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Aevo Short on Reya

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropReya: Active · farm boardneeds both histories

Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and Reya is 0.191% dearer against Aevo than usual: you sell high and buy low: +$19 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aevo PENGU-PERP	0.008781	0.0104	pay 0.0013% / 1h	38m 50s	$203K	—	3x
Short	Reya PENGURUSDPERP	0.008798	0.0238	get 0.0030% / 1h	38m 50s	$297	—	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Reya against Aevo. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee AevobpFee ReyabpOrdersPrice spread, now +0.191%Rate

Funding earned: $28.12
Price spread: +0.191% → 0.000%: $19.15
Slippage, 4 orders: no order book: not counted
Fee Aevo: 8 bp × 2 orders: −$16
Fee Reya: 3 bp × 2 orders: −$6
Net: $25.27
Costs to cover: 0.220%
Break-even: 0.7 days

Slippage unknown: Aevo: live order book, 35 min ago; Reya: no order-book sample. Net counts fees only.

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 Aevo live order book, 35 min ago	28.62 bp	45.5 bp −$46	253.0 bp −$2,530	doesn't fit	doesn't fit
Sell Reya no order-book sample	—	—	—	—	—

Reya: 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 on 34 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Deribit PENGU_USDC-PERPETUAL	−0.0546%	1h	0.008786	+0.057%	$18K	$10K	10x	as long as short
Kraken Futures PF_PENGUUSD	−0.0393%	1h	0.008801	+0.224%	$368K	$2.3M	50x	as long as short
Gate PENGU_USDT	−0.0330%	4h	0.008790	+0.102%	$3.4M	$15.5M	75x	as long as short
Variational Omni PENGU	−0.0292%	4h	0.008826	+0.514%	$872K	$931K	—	as long as short
01 Exchange PENGUUSD	−0.0224%	1h	0.008801	+0.228%	$201	$59	5x	as long as short
Bybit PENGUUSDT	−0.0028%	4h	0.008788	+0.080%	$23.1M	$37.4M	75x	as long as short
gTrade (Gains Network) PENGU/USD	L +0.0007% / S −0.0003%	1h	0.008800	+0.220%	$33K	—	150x	as long as short
Injective PENGU/USDC PERP	+0.0033%	1h	0.008789	+0.091%	$3K	$117K	5.5x	as long as short
Backpack PENGU_USDC_PERP	+0.0038%	1h	0.008785	+0.046%	$308K	$312K	10x	as long as short
dYdX PENGU-USD	+0.0058%	1h	0.008833	+0.588%	$12K	$4K	5x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT PENGU_USDT_Perp	+0.0064%	4h	0.008824	+0.489%	$468K	$2.1M	10x	as long as short
Nado PENGU-PERP	+0.0075%	1h	0.008804	+0.268%	$698K	$772K	5x	as long as short
Lighter PENGU	+0.0096%	1h	0.008793	+0.137%	$308K	$727K	8x	as long as short
Orderly PERP_PENGU_USDC	+0.0100%	4h	0.008794	+0.148%	$23K	$183K	20x	as long as short
Hyperliquid PENGU	+0.0100%	1h	0.008792	+0.125%	$8.2M	$15.6M	5x	as long as short
Aster PENGUUSDT	+0.0100%	4h	0.008802	+0.244%	$189K	$481K	20x	as long as short
Pacifica PENGU	+0.0100%	1h	0.008827	+0.524%	$152K	$239K	5x	as long as short
Binance PENGUUSDT	+0.0100%	4h	0.008789	+0.091%	$36.8M	$155.5M	75x	as long as short
OKX PENGU-USDT-SWAP	+0.0100%	4h	0.008787	+0.068%	$7.6M	$47.3M	50x	as long as short
Arcus PENGU-USD	+0.0100%	1h	0.008820	+0.444%	$19K	$24K	5x	as long as short
MEXC PENGU_USDT	+0.0100%	4h	0.008792	+0.125%	$12.3M	$12.6M	125x	as long as short
KuCoin PENGUUSDTM	+0.0100%	4h	0.008794	+0.148%	$4.7M	$9.0M	75x	as long as short
Bitget PENGUUSDT	+0.0100%	4h	0.008794	+0.148%	$8.4M	$12.7M	75x	as long as short
BingX PENGU-USDC	+0.0100%	4h	0.008779	−0.023%	—	$2.3M	—	as long as short
ApeX Omni PENGUUSDT	+0.0100%	1h	0.008829	+0.547%	$80K	$254K	50x	as long as short
SunX PENGU-USDT	+0.0100%	4h	0.008992	+2.403%	$3K	$2.1M	10x	as long as short
SoDEX PENGU-USD	+0.0100%	1h	0.008786	+0.057%	$1K	$5K	5x	as long as short
HTX PENGU-USDT	+0.0100%	4h	0.008843	+0.706%	$91K	$295K	25x	as long as short
Extended PENGU-USD	+0.0104%	1h	0.008790	+0.099%	$181K	$860K	10x	as long as short
Aevo PENGU-PERPlong	+0.0104%	1h	0.008781	long leg	$203K	—	3x
Reya PENGURUSDPERPshort	+0.0238%	1h	0.008798	+0.191%	$297	—	10x
BloFin PENGU-USDT	+0.0340%	4h	0.008793	+0.137%	$1.5M	$2.8M	75x	as long as short
GMX PENGU/USD [WBTC.b-USDC]	L +0.0515% / S −0.0720%	1h	0.008804	+0.262%	$116K	—	100x	as long as short
Coinbase International PENGU-PERP-INTX	+0.1648%	1h	0.008863	+0.934%	$94K	$103K	50x	as long as short