PENGU

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0205%/8h= +22.4% APRnext payment +$0.26 per $10,000 · paid last 24h −0.052%

Price spread now: Reya against Injective+0.674%52s7-day average — · you sell dearer than you buy

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

Long on Injective 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 +$6 a day on $10k at the current rate, and Reya is 0.674% dearer against Injective than usual: you sell high and buy low: +$67 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 52 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Injective PENGU/USDC PERP	0.008789	0.0033	pay 0.0004% / 1h	27m 51s	$3K	$117K	5.5x
Short	Reya PENGURUSDPERP	0.008848	0.0238	get 0.0030% / 1h	27m 51s	$299	—	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Reya against Injective. 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 InjectivebpFee ReyabpOrdersPrice spread, now +0.674%Rate

Funding earned: $43.04
Price spread: +0.674% → 0.000%: $67.43
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee Reya: 3 bp × 2 orders: −$6
Net: $104.45
Costs to cover: 0.060%
Break-even: from the start

Slippage unknown: Injective: 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 Injective no order-book sample	—	—	—	—	—
Sell Reya no order-book sample	—	—	—	—	—

Injective 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 33 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	0.0000%	1h	0.008858	+0.785%	$18K	$10K	10x	as long as short
gTrade (Gains Network) PENGU/USD	L +0.0007% / S −0.0003%	1h	0.008856	+0.768%	$33K	—	150x	as long as short
Gate PENGU_USDT	+0.0016%	4h	0.008848	+0.671%	$3.4M	$15.5M	75x	as long as short
Variational Omni PENGU	+0.0019%	4h	0.008791	+0.024%	$874K	$1.0M	—	as long as short
Injective PENGU/USDC PERPlong	+0.0033%	1h	0.008789	long leg	$3K	$117K	5.5x
01 Exchange PENGUUSD	+0.0080%	1h	0.008843	+0.614%	$202	$64	5x	as long as short
Lighter PENGU	+0.0096%	1h	0.008863	+0.842%	$313K	$707K	8x	as long as short
Orderly PERP_PENGU_USDC	+0.0099%	4h	0.008857	+0.774%	$19K	$165K	20x	as long as short
Nado PENGU-PERP	+0.0100%	1h	0.008841	+0.592%	$595K	$988K	5x	as long as short
Hyperliquid PENGU	+0.0100%	1h	0.008857	+0.774%	$8.3M	$14.9M	5x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster PENGUUSDT	+0.0100%	4h	0.008852	+0.719%	$144K	$507K	20x	as long as short
Pacifica PENGU	+0.0100%	1h	0.008835	+0.523%	$155K	$245K	5x	as long as short
Binance PENGUUSDT	+0.0100%	4h	0.008853	+0.731%	$37.8M	$157.5M	75x	as long as short
Bybit PENGUUSDT	+0.0100%	4h	0.008849	+0.683%	$23.1M	$38.2M	75x	as long as short
OKX PENGU-USDT-SWAP	+0.0100%	4h	0.008853	+0.728%	$7.5M	$47.9M	50x	as long as short
Arcus PENGU-USD	+0.0100%	1h	0.008840	+0.580%	$19K	$24K	5x	as long as short
MEXC PENGU_USDT	+0.0100%	4h	0.008850	+0.694%	$12.1M	$12.9M	125x	as long as short
KuCoin PENGUUSDTM	+0.0100%	4h	0.008854	+0.740%	$4.7M	$9.0M	75x	as long as short
Bitget PENGUUSDT	+0.0100%	4h	0.008856	+0.762%	$8.3M	$12.7M	75x	as long as short
BingX PENGU-USDT	+0.0100%	4h	0.008851	+0.705%	—	$3.6M	—	as long as short
Backpack PENGU_USDC_PERP	+0.0100%	1h	0.008854	+0.740%	$303K	$306K	10x	as long as short
GRVT PENGU_USDT_Perp	+0.0100%	4h	0.008784	−0.061%	$470K	$2.1M	10x	as long as short
ApeX Omni PENGUUSDT	+0.0100%	1h	0.008800	+0.125%	$80K	$249K	50x	as long as short
SunX PENGU-USDT	+0.0100%	4h	0.009065	+3.140%	$3K	$2.1M	10x	as long as short
SoDEX PENGU-USD	+0.0100%	1h	0.008855	+0.751%	$1K	$5K	5x	as long as short
HTX PENGU-USDT	+0.0100%	4h	0.008847	+0.660%	$94K	$337K	25x	as long as short
Extended PENGU-USD	+0.0104%	1h	0.008845	+0.634%	$182K	$939K	10x	as long as short
Aevo PENGU-PERP	+0.0104%	1h	0.008852	+0.717%	$204K	—	3x	as long as short
Kraken Futures PF_PENGUUSD	+0.0209%	1h	0.008862	+0.831%	$365K	$2.3M	50x	as long as short
Reya PENGURUSDPERPshort	+0.0238%	1h	0.008848	+0.674%	$299	—	10x
dYdX PENGU-USD	+0.0262%	1h	0.008834	+0.513%	$12K	$4K	5x	as long as short
GMX PENGU/USD [WBTC.b-USDC]	L +0.0514% / S −0.0708%	1h	0.008852	+0.717%	$115K	—	100x	as long as short
Coinbase International PENGU-PERP-INTX	+0.1352%	1h	0.008967	+2.025%	$95K	$100K	50x	as long as short