PENGU

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0237%/8h= +25.9% APRnext payment +$0.30 per $10,000 · paid last 24h −0.315%

Price spread now: Reya against dYdX+0.050%7-day average — · you sell dearer than you buy

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

Long on dYdX 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 +$7 a day on $10k at the current rate, and Reya is 0.050% dearer against dYdX than usual: you sell high and buy low: +$5 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	dYdX PENGU-USD	0.008677	0	get 0.0000% / 1h	26m 05s	$11K	$4K	5x
Short	Reya PENGURUSDPERP	0.008681	0.0237	get 0.0030% / 1h	26m 05s	$293	—	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Reya against dYdX. 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 dYdXbpFee ReyabpOrdersPrice spread, now +0.050%Rate

Funding earned: $49.76
Price spread: +0.050% → 0.000%: $5.01
Slippage, 4 orders: no order book: not counted
Fee dYdX: 5 bp × 2 orders: −$10
Fee Reya: 3 bp × 2 orders: −$6
Net: $38.78
Costs to cover: 0.160%
Break-even: 1.5 days

Slippage unknown: dYdX: no order-book sample; 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 dYdX no order-book sample	—	—	—	—	—
Sell Reya no order-book sample	—	—	—	—	—

dYdX and 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
Kraken Futures PF_PENGUUSD	−0.0550%	1h	0.008693	+0.185%	$385K	$2.1M	50x	as long as short
Gate PENGU_USDT	−0.0326%	4h	0.008678	+0.012%	$3.4M	$15.4M	75x	as long as short
Injective PENGU/USDC PERP	−0.0110%	1h	0.008715	+0.438%	$3K	$81K	5.5x	as long as short
Bybit PENGUUSDT	−0.0106%	4h	0.008675	−0.023%	$22.5M	$35.9M	75x	as long as short
Backpack PENGU_USDC_PERP	−0.0029%	1h	0.008685	+0.092%	$310K	$315K	10x	as long as short
dYdX PENGU-USDlong	0.0000%	1h	0.008677	long leg	$11K	$4K	5x
Deribit PENGU_USDC-PERPETUAL	0.0000%	1h	0.008691	+0.161%	$19K	$9K	10x	as long as short
gTrade (Gains Network) PENGU/USD	L +0.0007% / S −0.0003%	1h	0.008688	+0.127%	$33K	—	150x	as long as short
01 Exchange PENGUUSD	+0.0008%	1h	0.008683	+0.069%	$199	$59	5x	as long as short
Lighter PENGU	+0.0096%	1h	0.008685	+0.092%	$296K	$722K	8x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Nado PENGU-PERP	+0.0100%	1h	0.008679	+0.029%	$673K	$758K	5x	as long as short
Hyperliquid PENGU	+0.0100%	1h	0.008689	+0.138%	$8.7M	$15.2M	5x	as long as short
Aster PENGUUSDT	+0.0100%	4h	0.008685	+0.097%	$172K	$448K	20x	as long as short
Pacifica PENGU	+0.0100%	1h	0.008680	+0.035%	$146K	$236K	5x	as long as short
Binance PENGUUSDT	+0.0100%	4h	0.008687	+0.111%	$35.9M	$151.0M	75x	as long as short
OKX PENGU-USDT-SWAP	+0.0100%	4h	0.008681	+0.046%	$7.7M	$46.4M	50x	as long as short
Arcus PENGU-USD	+0.0100%	1h	0.008680	+0.035%	$19K	$24K	5x	as long as short
MEXC PENGU_USDT	+0.0100%	4h	0.008686	+0.104%	$12.9M	$12.7M	125x	as long as short
KuCoin PENGUUSDTM	+0.0100%	4h	0.008686	+0.104%	$4.7M	$8.7M	75x	as long as short
Bitget PENGUUSDT	+0.0100%	4h	0.008688	+0.127%	$8.2M	$12.5M	75x	as long as short
BingX PENGU-USDC	+0.0100%	4h	0.008673	−0.046%	—	$2.3M	—	as long as short
Variational Omni PENGU	+0.0100%	4h	0.008663	−0.160%	$793K	$713K	—	as long as short
GRVT PENGU_USDT_Perp	+0.0100%	4h	0.008671	−0.069%	$454K	$2.4M	10x	as long as short
ApeX Omni PENGUUSDT	+0.0100%	1h	0.008673	−0.046%	$79K	$253K	50x	as long as short
Orderly PERP_PENGU_USDC	+0.0100%	4h	0.008691	+0.161%	$21K	$184K	20x	as long as short
SunX PENGU-USDT	+0.0100%	4h	0.008893	+2.489%	$2K	$2.1M	10x	as long as short
SoDEX PENGU-USD	+0.0100%	1h	0.008686	+0.104%	$980	$5K	5x	as long as short
HTX PENGU-USDT	+0.0100%	4h	0.008704	+0.311%	$91K	$249K	25x	as long as short
Extended PENGU-USD	+0.0104%	1h	0.008685	+0.086%	$177K	$681K	10x	as long as short
Aevo PENGU-PERP	+0.0104%	1h	0.008685	+0.092%	$201K	$17K	3x	as long as short
Reya PENGURUSDPERPshort	+0.0237%	1h	0.008681	+0.050%	$293	—	10x
BloFin PENGU-USDT	+0.0340%	4h	0.008675	−0.023%	$1.5M	$2.6M	75x	as long as short
GMX PENGU/USD [WBTC.b-USDC]	L +0.0489% / S −0.0675%	1h	0.008688	+0.127%	$109K	—	100x	as long as short
Coinbase International PENGU-PERP-INTX	+0.2992%	1h	0.008785	+1.245%	$92K	$96K	50x	as long as short