PENGU

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0139%/8h= +15.2% APRnext payment +$0.17 per $10,000 · paid last 24h +0.040%

Price spread now: Reya against Pacifica+0.059%48s7-day average — · you sell dearer than you buy

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

Long on Pacifica 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 airdropPacifica: Active · Reya: Active · farm boardneeds both histories

Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and Reya is 0.059% dearer against Pacifica than usual: you sell high and buy low: +$6 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 48 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	Pacifica PENGU	0.008778	0.0100	pay 0.0013% / 1h	15m 42s	$154K	$243K	5x
Short	Reya PENGURUSDPERP	0.008783	0.0239	get 0.0030% / 1h	15m 42s	$297	—	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Reya against Pacifica. 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 PacificabpFee ReyabpOrdersPrice spread, now +0.059%Rate

Funding earned: $29.13
Price spread: +0.059% → 0.000%: $5.86
Slippage, 4 orders: no order book: not counted
Fee Pacifica: 4 bp × 2 orders: −$8
Fee Reya: 3 bp × 2 orders: −$6
Net: $20.98
Costs to cover: 0.140%
Break-even: 2.0 days

Slippage unknown: Pacifica: live order book, 47 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 Pacifica live order book, 47 min ago	2.27 bp	12.0 bp −$12	doesn't fit	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
01 Exchange PENGUUSD	−0.0040%	1h	0.008788	+0.114%	$201	$64	5x	as long as short
Deribit PENGU_USDC-PERPETUAL	0.0000%	1h	0.008789	+0.125%	$18K	$10K	10x	as long as short
Gate PENGU_USDT	+0.0004%	4h	0.008783	+0.057%	$3.3M	$15.7M	75x	as long as short
gTrade (Gains Network) PENGU/USD	L +0.0007% / S −0.0003%	1h	0.008792	+0.158%	$32K	—	150x	as long as short
Injective PENGU/USDC PERP	+0.0033%	1h	0.008789	+0.125%	$3K	$117K	5.5x	as long as short
Lighter PENGU	+0.0096%	1h	0.008781	+0.034%	$312K	$712K	8x	as long as short
Orderly PERP_PENGU_USDC	+0.0099%	4h	0.008789	+0.125%	$23K	$165K	20x	as long as short
Nado PENGU-PERP	+0.0100%	1h	0.008781	+0.040%	$588K	$1.0M	5x	as long as short
Hyperliquid PENGU	+0.0100%	1h	0.008779	+0.011%	$8.2M	$14.7M	5x	as long as short
Aster PENGUUSDT	+0.0100%	4h	0.008788	+0.108%	$121K	$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 PENGUlong	+0.0100%	1h	0.008778	long leg	$154K	$243K	5x
Binance PENGUUSDT	+0.0100%	4h	0.008776	−0.020%	$36.7M	$160.5M	75x	as long as short
Bybit PENGUUSDT	+0.0100%	4h	0.008772	−0.068%	$23.2M	$38.9M	75x	as long as short
OKX PENGU-USDT-SWAP	+0.0100%	4h	0.008774	−0.046%	$7.4M	$46.7M	50x	as long as short
Arcus PENGU-USD	+0.0100%	1h	0.008780	+0.023%	$19K	$24K	5x	as long as short
MEXC PENGU_USDT	+0.0100%	4h	0.008778	0.000%	$11.4M	$12.4M	125x	as long as short
KuCoin PENGUUSDTM	+0.0100%	4h	0.008780	+0.023%	$4.8M	$9.1M	75x	as long as short
Bitget PENGUUSDT	+0.0100%	4h	0.008777	−0.011%	$8.3M	$12.4M	75x	as long as short
BingX PENGU-USDC	+0.0100%	4h	0.008769	−0.103%	—	$2.3M	—	as long as short
Backpack PENGU_USDC_PERP	+0.0100%	1h	0.008782	+0.046%	$300K	$293K	10x	as long as short
Variational Omni PENGU	+0.0100%	4h	0.008785	+0.077%	$873K	$985K	—	as long as short
GRVT PENGU_USDT_Perp	+0.0100%	4h	0.008781	+0.034%	$458K	$2.1M	10x	as long as short
ApeX Omni PENGUUSDT	+0.0100%	1h	0.008800	+0.251%	$80K	$243K	50x	as long as short
SunX PENGU-USDT	+0.0100%	4h	0.008997	+2.495%	$3K	$2.0M	10x	as long as short
SoDEX PENGU-USD	+0.0100%	1h	0.008785	+0.080%	$1K	$5K	5x	as long as short
HTX PENGU-USDT	+0.0100%	4h	0.008804	+0.296%	$92K	$354K	25x	as long as short
Extended PENGU-USD	+0.0104%	1h	0.008770	−0.089%	$185K	$945K	10x	as long as short
Aevo PENGU-PERP	+0.0104%	1h	0.008779	+0.011%	$203K	—	3x	as long as short
dYdX PENGU-USD	+0.0226%	1h	0.008777	−0.010%	$12K	$4K	5x	as long as short
Reya PENGURUSDPERPshort	+0.0239%	1h	0.008783	+0.059%	$297	—	10x
BloFin PENGU-USDT	+0.0340%	4h	0.008773	−0.057%	$1.5M	$3.5M	75x	as long as short
GMX PENGU/USD [WBTC.b-USDC]	L +0.0556% / S −0.0662%	1h	0.008793	+0.171%	$132K	—	100x	as long as short
Kraken Futures PF_PENGUUSD	+0.0647%	1h	0.008794	+0.183%	$352K	$2.3M	50x	as long as short
Coinbase International PENGU-PERP-INTX	+0.2296%	1h	0.008967	+2.153%	$95K	$94K	50x	as long as short