PENGU

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0629%/8h= +68.9% APRnext payment +$0.79 per $10,000 · paid last 24h +0.053%

Price spread now: Reya against Kraken Futures−0.182%7-day average — · you buy dearer than you sell

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

Long on Kraken Futures 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 0.182% cheaper against Kraken Futures than usual: you would sell low and buy high (spread −0.182% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$18 on $10k: about 23 hours of funding at the current rate (+$19 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_PENGUUSD	0.008841	−0.0391	get 0.0049% / 1h	37m 04s	$369K	$2.3M	50x
Short	Reya PENGURUSDPERP	0.008825	0.0238	get 0.0030% / 1h	37m 04s	$298	—	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Reya against Kraken Futures. 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 Kraken FuturesbpFee ReyabpOrdersPrice spread, now −0.182%Rate

Funding earned: $132.09
Price spread: −0.182% → 0.000%: −$18.25
Slippage, 4 orders: no order book: not counted
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Reya: 3 bp × 2 orders: −$6
Net: $97.84
Costs to cover: 0.160%
Break-even: 1.8 days

Slippage unknown: Kraken Futures: live order book, 2 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 Kraken Futures live order book, 2 min ago	3.98 bp	17.6 bp −$18	53.3 bp −$533	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
Kraken Futures PF_PENGUUSDlong	−0.0391%	1h	0.008841	long leg	$369K	$2.3M	50x
Variational Omni PENGU	−0.0292%	4h	0.008826	−0.173%	$872K	$931K	—	as long as short
Gate PENGU_USDT	−0.0286%	4h	0.008827	−0.163%	$3.4M	$15.5M	75x	as long as short
01 Exchange PENGUUSD	−0.0232%	1h	0.008829	−0.141%	$202	$59	5x	as long as short
Deribit PENGU_USDC-PERPETUAL	0.0000%	1h	0.008833	−0.096%	$18K	$10K	10x	as long as short
gTrade (Gains Network) PENGU/USD	L +0.0007% / S −0.0003%	1h	0.008832	−0.105%	$34K	—	150x	as long as short
Injective PENGU/USDC PERP	+0.0033%	1h	0.008789	−0.593%	$3K	$117K	5.5x	as long as short
GRVT PENGU_USDT_Perp	+0.0044%	4h	0.008794	−0.533%	$466K	$2.1M	10x	as long as short
dYdX PENGU-USD	+0.0052%	1h	0.008800	−0.465%	$12K	$4K	5x	as long as short
Backpack PENGU_USDC_PERP	+0.0063%	1h	0.008833	−0.096%	$307K	$312K	10x	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	+0.0071%	1h	0.008827	−0.163%	$699K	$771K	5x	as long as short
Bybit PENGUUSDT	+0.0089%	4h	0.008829	−0.141%	$23.2M	$37.3M	75x	as long as short
Lighter PENGU	+0.0096%	1h	0.008835	−0.073%	$309K	$727K	8x	as long as short
Orderly PERP_PENGU_USDC	+0.0100%	4h	0.008832	−0.107%	$24K	$183K	20x	as long as short
Hyperliquid PENGU	+0.0100%	1h	0.008834	−0.084%	$8.3M	$15.6M	5x	as long as short
Aster PENGUUSDT	+0.0100%	4h	0.008831	−0.119%	$189K	$481K	20x	as long as short
Pacifica PENGU	+0.0100%	1h	0.008814	−0.310%	$152K	$239K	5x	as long as short
Binance PENGUUSDT	+0.0100%	4h	0.008833	−0.096%	$37.0M	$155.3M	75x	as long as short
OKX PENGU-USDT-SWAP	+0.0100%	4h	0.008828	−0.152%	$7.6M	$47.5M	50x	as long as short
Arcus PENGU-USD	+0.0100%	1h	0.008830	−0.129%	$19K	$24K	5x	as long as short
MEXC PENGU_USDT	+0.0100%	4h	0.008833	−0.096%	$12.4M	$12.6M	125x	as long as short
KuCoin PENGUUSDTM	+0.0100%	4h	0.008834	−0.084%	$4.7M	$9.0M	75x	as long as short
Bitget PENGUUSDT	+0.0100%	4h	0.008837	−0.050%	$8.4M	$12.7M	75x	as long as short
BingX PENGU-USDC	+0.0100%	4h	0.008816	−0.288%	—	$2.3M	—	as long as short
ApeX Omni PENGUUSDT	+0.0100%	1h	0.008797	−0.503%	$80K	$254K	50x	as long as short
SunX PENGU-USDT	+0.0100%	4h	0.009027	+2.099%	$3K	$2.1M	10x	as long as short
SoDEX PENGU-USD	+0.0100%	1h	0.008831	−0.118%	$1K	$5K	5x	as long as short
HTX PENGU-USDT	+0.0100%	4h	0.008835	−0.073%	$91K	$295K	25x	as long as short
Extended PENGU-USD	+0.0104%	1h	0.008828	−0.156%	$181K	$884K	10x	as long as short
Aevo PENGU-PERP	+0.0104%	1h	0.008825	−0.186%	$204K	—	3x	as long as short
Reya PENGURUSDPERPshort	+0.0238%	1h	0.008825	−0.182%	$298	—	10x
BloFin PENGU-USDT	+0.0340%	4h	0.008824	−0.197%	$1.5M	$2.8M	75x	as long as short
GMX PENGU/USD [WBTC.b-USDC]	L +0.0516% / S −0.0720%	1h	0.008831	−0.118%	$116K	—	100x	as long as short
Coinbase International PENGU-PERP-INTX	+0.1648%	1h	0.008863	+0.244%	$94K	$103K	50x	as long as short