PENGU

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0139%/8h= +15.2% APRnext payment +$0.17 per $10,000 · paid last 24h +0.043%

Price spread now: Reya against Nado−0.041%7-day average — · you buy dearer than you sell

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

Long on Nado 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 airdropNado: Active · Reya: Active · farm boardneeds both histories

Funding pays, the price is against you. Reya is 0.041% cheaper against Nado than usual: you would sell low and buy high (spread −0.041% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$4 on $10k: about 24 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	Nado PENGU-PERP	0.008690	0.0100	pay 0.0012% / 1h	46m 18s	$583K	$1.0M	5x
Short	Reya PENGURUSDPERP	0.008687	0.0239	get 0.0030% / 1h	46m 18s	$293	—	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Reya against Nado. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 NadobpFee ReyabpOrdersPrice spread, now −0.041%Rate

Funding earned: $29.16
Price spread: −0.041% → 0.000%: −$4.09
Slippage, 4 orders: no order book: not counted
Fee Nado: 3.5 bp × 2 orders: −$7
Fee Reya: 3 bp × 2 orders: −$6
Net: $12.08
Costs to cover: 0.130%
Break-even: 4.1 days

Slippage unknown: Nado: 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 Nado live order book, 2 min ago	1.15 bp	9.1 bp −$9	25.3 bp −$253	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
Deribit PENGU_USDC-PERPETUAL	0.0000%	1h	0.008701	+0.121%	$18K	$10K	10x	as long as short
gTrade (Gains Network) PENGU/USD	L +0.0007% / S −0.0003%	1h	0.008691	+0.005%	$32K	—	150x	as long as short
Gate PENGU_USDT	+0.0026%	4h	0.008689	−0.017%	$3.3M	$15.6M	75x	as long as short
01 Exchange PENGUUSD	+0.0032%	1h	0.008693	+0.029%	$199	$64	5x	as long as short
Injective PENGU/USDC PERP	+0.0033%	1h	0.008789	+1.133%	$3K	$117K	5.5x	as long as short
Lighter PENGU	+0.0096%	1h	0.008688	−0.029%	$309K	$712K	8x	as long as short
Orderly PERP_PENGU_USDC	+0.0099%	4h	0.008699	+0.098%	$23K	$129K	20x	as long as short
Nado PENGU-PERPlong	+0.0100%	1h	0.008690	long leg	$583K	$1.0M	5x
Hyperliquid PENGU	+0.0100%	1h	0.008693	+0.029%	$8.1M	$14.7M	5x	as long as short
Aster PENGUUSDT	+0.0100%	4h	0.008694	+0.038%	$120K	$579K	20x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica PENGU	+0.0100%	1h	0.008694	+0.040%	$153K	$241K	5x	as long as short
Binance PENGUUSDT	+0.0100%	4h	0.008691	+0.001%	$36.2M	$161.4M	75x	as long as short
Bybit PENGUUSDT	+0.0100%	4h	0.008691	+0.006%	$22.9M	$39.1M	75x	as long as short
OKX PENGU-USDT-SWAP	+0.0100%	4h	0.008697	+0.075%	$7.2M	$46.4M	50x	as long as short
Arcus PENGU-USD	+0.0100%	1h	0.008700	+0.109%	$19K	$23K	5x	as long as short
MEXC PENGU_USDT	+0.0100%	4h	0.008691	+0.006%	$11.0M	$12.3M	125x	as long as short
KuCoin PENGUUSDTM	+0.0100%	4h	0.008692	+0.017%	$4.8M	$9.2M	75x	as long as short
Bitget PENGUUSDT	+0.0100%	4h	0.008699	+0.098%	$8.2M	$12.3M	75x	as long as short
BingX PENGU-USDT	+0.0100%	4h	0.008687	−0.040%	—	$3.6M	—	as long as short
Backpack PENGU_USDC_PERP	+0.0100%	1h	0.008686	−0.052%	$297K	$293K	10x	as long as short
Variational Omni PENGU	+0.0100%	4h	0.008695	+0.052%	$864K	$985K	—	as long as short
GRVT PENGU_USDT_Perp	+0.0100%	4h	0.008670	−0.236%	$462K	$2.1M	10x	as long as short
ApeX Omni PENGUUSDT	+0.0100%	1h	0.008667	−0.270%	$79K	$242K	50x	as long as short
SunX PENGU-USDT	+0.0100%	4h	0.008912	+2.549%	$2K	$2.0M	10x	as long as short
SoDEX PENGU-USD	+0.0100%	1h	0.008700	+0.109%	$1K	$5K	5x	as long as short
HTX PENGU-USDT	+0.0100%	4h	0.008694	+0.040%	$91K	$372K	25x	as long as short
Extended PENGU-USD	+0.0104%	1h	0.008698	+0.083%	$179K	$946K	10x	as long as short
Aevo PENGU-PERP	+0.0104%	1h	0.008696	+0.063%	$201K	—	3x	as long as short
Reya PENGURUSDPERPshort	+0.0239%	1h	0.008687	−0.041%	$293	—	10x
BloFin PENGU-USDT	+0.0340%	4h	0.008684	−0.075%	$1.5M	$3.5M	75x	as long as short
Kraken Futures PF_PENGUUSD	+0.0368%	1h	0.008706	+0.178%	$341K	$2.4M	50x	as long as short
dYdX PENGU-USD	+0.0382%	1h	0.008685	−0.067%	$11K	$5K	5x	as long as short
GMX PENGU/USD [WBTC.b-USDC]	L +0.0494% / S −0.0419%	1h	0.008690	−0.006%	$123K	—	100x	as long as short
Coinbase International PENGU-PERP-INTX	+0.2928%	1h	0.008712	+0.247%	$93K	$59K	50x	as long as short