PENGU

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0144%/8h= +15.7% APRnext payment +$0.18 per $10,000 · paid last 24h +0.042%

Price spread now: Reya against Lighter−0.053%7-day average — · you buy dearer than you sell

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

Long on Lighter 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 airdropLighter: Season 3 · Reya: Active · farm boardneeds both histories

Funding pays, the price is against you. Reya is 0.053% cheaper against Lighter than usual: you would sell low and buy high (spread −0.053% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$5 on $10k: about 29 hours of funding at the current rate (+$4 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter PENGU	0.008777	0.0096	pay 0.0012% / 1h	36m 49s	$318K	$750K	8x
Short	Reya PENGURUSDPERP	0.008772	0.0240	get 0.0030% / 1h	36m 49s	$296	—	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Reya against Lighter. 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 LighterbpFee ReyabpOrdersPrice spread, now −0.053%Rate

Funding earned: $30.16
Price spread: −0.053% → 0.000%: −$5.29
Slippage, 4 orders: no order book: not counted
Fee Lighter: 0 bp × 2 orders: $0
Fee Reya: 3 bp × 2 orders: −$6
Net: $18.87
Costs to cover: 0.060%
Break-even: 2.6 days

Slippage unknown: Lighter: live order book, 8 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 Lighter live order book, 8 min ago	1.70 bp	11.7 bp −$12	77.2 bp −$772	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
gTrade (Gains Network) PENGU/USD	L +0.0007% / S −0.0003%	1h	0.008772	−0.063%	$32K	—	150x	as long as short
Injective PENGU/USDC PERP	+0.0033%	1h	0.008789	+0.137%	$3K	$117K	5.5x	as long as short
Deribit PENGU_USDC-PERPETUAL	+0.0092%	1h	0.008775	−0.023%	$17K	$12K	10x	as long as short
Lighter PENGUlong	+0.0096%	1h	0.008777	long leg	$318K	$750K	8x
Nado PENGU-PERP	+0.0100%	1h	0.008769	−0.085%	$588K	$1.1M	5x	as long as short
Hyperliquid PENGU	+0.0100%	1h	0.008781	+0.046%	$8.0M	$15.3M	5x	as long as short
Aster PENGUUSDT	+0.0100%	4h	0.008775	−0.021%	$120K	$667K	20x	as long as short
Pacifica PENGU	+0.0100%	1h	0.008774	−0.034%	$133K	$274K	5x	as long as short
Binance PENGUUSDT	+0.0100%	4h	0.008774	−0.034%	$37.0M	$176.5M	75x	as long as short
Bybit PENGUUSDT	+0.0100%	4h	0.008770	−0.080%	$23.3M	$41.8M	75x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX PENGU-USDT-SWAP	+0.0100%	4h	0.008774	−0.034%	$7.5M	$50.4M	50x	as long as short
Arcus PENGU-USD	+0.0100%	1h	0.008780	+0.034%	$18K	$25K	5x	as long as short
Gate PENGU_USDT	+0.0100%	4h	0.008772	−0.057%	$3.3M	$16.4M	75x	as long as short
MEXC PENGU_USDT	+0.0100%	4h	0.008771	−0.068%	$10.4M	$12.6M	125x	as long as short
KuCoin PENGUUSDTM	+0.0100%	4h	0.008769	−0.091%	$4.9M	$9.7M	75x	as long as short
Bitget PENGUUSDT	+0.0100%	4h	0.008778	+0.011%	$8.4M	$13.3M	75x	as long as short
BingX PENGU-USDC	+0.0100%	4h	0.008763	−0.160%	—	$2.3M	—	as long as short
Backpack PENGU_USDC_PERP	+0.0100%	1h	0.008774	−0.034%	$289K	$339K	10x	as long as short
Variational Omni PENGU	+0.0100%	4h	0.008744	−0.374%	$913K	$1.0M	—	as long as short
GRVT PENGU_USDT_Perp	+0.0100%	4h	0.008745	−0.359%	$457K	$2.1M	10x	as long as short
ApeX Omni PENGUUSDT	+0.0100%	1h	0.008742	−0.399%	$79K	$251K	50x	as long as short
Orderly PERP_PENGU_USDC	+0.0100%	4h	0.008774	−0.034%	$23K	$158K	20x	as long as short
SunX PENGU-USDT	+0.0100%	4h	0.008984	+2.358%	$3K	$2.1M	10x	as long as short
SoDEX PENGU-USD	+0.0100%	1h	0.008775	−0.023%	$1K	$5K	5x	as long as short
HTX PENGU-USDT	+0.0100%	4h	0.008786	+0.103%	$91K	$387K	25x	as long as short
Extended PENGU-USD	+0.0104%	1h	0.008769	−0.088%	$181K	$872K	10x	as long as short
Aevo PENGU-PERP	+0.0104%	1h	0.008767	−0.114%	$203K	—	3x	as long as short
dYdX PENGU-USD	+0.0167%	1h	0.008771	−0.072%	$12K	$6K	5x	as long as short
01 Exchange PENGUUSD	+0.0184%	1h	0.008773	−0.046%	$201	$64	5x	as long as short
Reya PENGURUSDPERPshort	+0.0240%	1h	0.008772	−0.053%	$296	—	10x
Kraken Futures PF_PENGUUSD	+0.0322%	1h	0.008777	+0.001%	$321K	$2.4M	50x	as long as short
BloFin PENGU-USDT	+0.0340%	4h	0.008771	−0.068%	$1.5M	$4.3M	75x	as long as short
GMX PENGU/USD [WBTC.b-USDC]	L +0.0498% / S −0.0422%	1h	0.008771	−0.068%	$124K	—	100x	as long as short
Coinbase International PENGU-PERP-INTX	+0.1752%	1h	0.008788	+0.125%	$77K	$76K	50x	as long as short