PENGU

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0231%/8h= +25.3% APRnext payment +$0.29 per $10,000 · paid last 24h +0.068%

Price spread now: Reya against gTrade (Gains Network)−0.074%7-day average — · you buy dearer than you sell

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

Long on gTrade (Gains Network)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

Funding pays, the price is against you. Reya is 0.074% cheaper against gTrade (Gains Network) than usual: you would sell low and buy high (spread −0.074% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$7 on $10k: about 26 hours of funding at the current rate (+$7 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	gTrade (Gains Network) PENGU/USD	0.008798	L +0.0007% / S −0.0003%	pay 0.0001% / 1h	38m 07s	$33K	—	150x
Short	Reya PENGURUSDPERP	0.008791	0.0238	get 0.0030% / 1h	38m 07s	$297	—	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Reya against gTrade (Gains Network). 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 gTrade (Gains Network)bpFee ReyabpOrdersPrice spread, now −0.074%Rate

Funding earned: $48.49
Price spread: −0.074% → 0.000%: −$7.39
Slippage, 4 orders: no order book: not counted
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Fee Reya: 3 bp × 2 orders: −$6
Net: $25.09
Costs to cover: 0.160%
Break-even: 3.4 days

Slippage unknown: gTrade (Gains Network): 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 gTrade (Gains Network) no order-book sample	—	—	—	—	—
Sell Reya no order-book sample	—	—	—	—	—

gTrade (Gains Network) 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	−0.0393%	1h	0.008805	+0.076%	$369K	$2.3M	50x	as long as short
Gate PENGU_USDT	−0.0362%	4h	0.008791	−0.078%	$3.4M	$15.5M	75x	as long as short
Variational Omni PENGU	−0.0292%	4h	0.008826	+0.322%	$872K	$931K	—	as long as short
01 Exchange PENGUUSD	−0.0232%	1h	0.008789	−0.100%	$201	$59	5x	as long as short
Deribit PENGU_USDC-PERPETUAL	−0.0205%	1h	0.008796	−0.021%	$18K	$10K	10x	as long as short
Bybit PENGUUSDT	0.0000%	4h	0.008796	−0.021%	$23.2M	$37.4M	75x	as long as short
gTrade (Gains Network) PENGU/USDlong	L +0.0007% / S −0.0003%	1h	0.008798	long leg	$33K	—	150x
Injective PENGU/USDC PERP	+0.0033%	1h	0.008789	−0.100%	$3K	$117K	5.5x	as long as short
Backpack PENGU_USDC_PERP	+0.0037%	1h	0.008800	+0.025%	$309K	$312K	10x	as long as short
dYdX PENGU-USD	+0.0055%	1h	0.008793	−0.058%	$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	+0.297%	$468K	$2.1M	10x	as long as short
Nado PENGU-PERP	+0.0075%	1h	0.008795	−0.032%	$697K	$771K	5x	as long as short
Lighter PENGU	+0.0096%	1h	0.008798	+0.002%	$308K	$727K	8x	as long as short
Orderly PERP_PENGU_USDC	+0.0100%	4h	0.008797	−0.009%	$23K	$183K	20x	as long as short
Hyperliquid PENGU	+0.0100%	1h	0.008792	−0.066%	$8.2M	$15.6M	5x	as long as short
Aster PENGUUSDT	+0.0100%	4h	0.008798	+0.003%	$188K	$481K	20x	as long as short
Pacifica PENGU	+0.0100%	1h	0.008797	−0.009%	$152K	$239K	5x	as long as short
Binance PENGUUSDT	+0.0100%	4h	0.008800	+0.019%	$36.8M	$155.4M	75x	as long as short
OKX PENGU-USDT-SWAP	+0.0100%	4h	0.008803	+0.059%	$7.6M	$47.3M	50x	as long as short
Arcus PENGU-USD	+0.0100%	1h	0.008800	+0.025%	$19K	$24K	5x	as long as short
MEXC PENGU_USDT	+0.0100%	4h	0.008793	−0.055%	$12.3M	$12.6M	125x	as long as short
KuCoin PENGUUSDTM	+0.0100%	4h	0.008797	−0.009%	$4.7M	$9.0M	75x	as long as short
Bitget PENGUUSDT	+0.0100%	4h	0.008805	+0.082%	$8.4M	$12.7M	75x	as long as short
BingX PENGU-USDT	+0.0100%	4h	0.008801	+0.036%	—	$3.9M	—	as long as short
ApeX Omni PENGUUSDT	+0.0100%	1h	0.008829	+0.354%	$80K	$254K	50x	as long as short
SunX PENGU-USDT	+0.0100%	4h	0.008998	+2.275%	$3K	$2.1M	10x	as long as short
SoDEX PENGU-USD	+0.0100%	1h	0.008794	−0.043%	$1K	$5K	5x	as long as short
HTX PENGU-USDT	+0.0100%	4h	0.008808	+0.116%	$90K	$295K	25x	as long as short
Extended PENGU-USD	+0.0104%	1h	0.008793	−0.053%	$181K	$867K	10x	as long as short
Aevo PENGU-PERP	+0.0104%	1h	0.008790	−0.089%	$203K	—	3x	as long as short
Reya PENGURUSDPERPshort	+0.0238%	1h	0.008791	−0.074%	$297	—	10x
BloFin PENGU-USDT	+0.0340%	4h	0.008793	−0.055%	$1.5M	$2.8M	75x	as long as short
GMX PENGU/USD [WBTC.b-USDC]	L +0.0515% / S −0.0720%	1h	0.008797	−0.009%	$116K	—	100x	as long as short
Coinbase International PENGU-PERP-INTX	+0.1648%	1h	0.008863	+0.741%	$94K	$103K	50x	as long as short