PENGU

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0140%/8h= −15.4% APRnext payment −$0.18 per $10,000 · paid last 24h −0.041%

Price spread now: Arcus against Reya+0.092%7-day average — · you sell dearer than you buy

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

Long on Reya Short on Arcus

What this pair did over the last

the charts below follow

Funding, last 4 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

The price spread pays, funding is against you. Arcus is 0.092% dearer against Reya than usual: you sell high and buy low (spread +0.092% now, against zero (this spread has no 7-day history yet)): +$9 on $10k if it goes back. Holding the pair costs −$4 a day in funding at the current rate, which eats that in about 2.2 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Reya PENGURUSDPERP	0.009142	0.0240	pay 0.0030% / 1h	42m 34s	$309	—	10x
Short	Arcus PENGU-USD	0.009150	0.0100	get 0.0013% / 1h	42m 34s	$18K	$25K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Arcus against Reya. 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 ReyabpFee ArcusbpOrdersPrice spread, now +0.092%Rate

Funding earned: −$29.45
Price spread: +0.092% → 0.000%: $9.21
Slippage, 4 orders: no order book: not counted
Fee Reya: 3 bp × 2 orders: −$6
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Net: −$30.75
Costs to cover: 0.105%
Break-even: never at this rate

Slippage unknown: Reya: no order-book sample; Arcus: 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 Reya no order-book sample	—	—	—	—	—
Sell Arcus no order-book sample	—	—	—	—	—

Reya and Arcus: 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	0.009122	−0.216%	$34K	—	150x	as long as short
Injective PENGU/USDC PERP	+0.0033%	1h	0.008789	−3.857%	$3K	$117K	5.5x	as long as short
Lighter PENGU	+0.0096%	1h	0.009161	+0.212%	$330K	$771K	8x	as long as short
Nado PENGU-PERP	+0.0100%	1h	0.009139	−0.023%	$644K	$1.1M	5x	as long as short
Hyperliquid PENGU	+0.0100%	1h	0.009133	−0.094%	$9.2M	$16.4M	5x	as long as short
Aster PENGUUSDT	+0.0100%	4h	0.009140	−0.013%	$144K	$715K	20x	as long as short
Pacifica PENGU	+0.0100%	1h	0.009151	+0.103%	$138K	$264K	5x	as long as short
Binance PENGUUSDT	+0.0100%	4h	0.009140	−0.021%	$39.9M	$191.9M	75x	as long as short
Bybit PENGUUSDT	+0.0100%	4h	0.009138	−0.039%	$24.5M	$44.8M	75x	as long as short
OKX PENGU-USDT-SWAP	+0.0100%	4h	0.009140	−0.017%	$8.0M	$56.1M	50x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Arcus PENGU-USDshort	+0.0100%	1h	0.009150	+0.092%	$18K	$25K	5x
Gate PENGU_USDT	+0.0100%	4h	0.009144	+0.026%	$3.7M	$17.6M	75x	as long as short
MEXC PENGU_USDT	+0.0100%	4h	0.009154	+0.136%	$11.0M	$12.9M	125x	as long as short
KuCoin PENGUUSDTM	+0.0100%	4h	0.009123	−0.203%	$5.0M	$10.3M	75x	as long as short
Bitget PENGUUSDT	+0.0100%	4h	0.009149	+0.081%	$8.8M	$14.1M	75x	as long as short
BingX PENGU-USDC	+0.0100%	4h	0.009142	+0.005%	—	$2.3M	—	as long as short
Backpack PENGU_USDC_PERP	+0.0100%	1h	0.009125	−0.181%	$296K	$371K	10x	as long as short
Variational Omni PENGU	+0.0100%	4h	0.009112	−0.327%	$928K	$1.0M	—	as long as short
GRVT PENGU_USDT_Perp	+0.0100%	4h	0.009128	−0.149%	$483K	$2.1M	10x	as long as short
ApeX Omni PENGUUSDT	+0.0100%	1h	0.009134	−0.083%	$80K	$252K	50x	as long as short
Orderly PERP_PENGU_USDC	+0.0100%	4h	0.009121	−0.225%	$23K	$266K	20x	as long as short
SunX PENGU-USDT	+0.0100%	4h	0.009357	+2.356%	$3K	$2.2M	10x	as long as short
SoDEX PENGU-USD	+0.0100%	1h	0.009118	−0.258%	$1K	$5K	5x	as long as short
HTX PENGU-USDT	+0.0100%	4h	0.009155	+0.147%	$95K	$404K	25x	as long as short
Extended PENGU-USD	+0.0104%	1h	0.009143	+0.019%	$187K	$742K	10x	as long as short
Aevo PENGU-PERP	+0.0104%	1h	0.009121	−0.225%	$211K	—	3x	as long as short
Deribit PENGU_USDC-PERPETUAL	+0.0188%	1h	0.009128	−0.149%	$1K	$29K	10x	as long as short
Reya PENGURUSDPERPlong	+0.0240%	1h	0.009142	long leg	$309	—	10x
01 Exchange PENGUUSD	+0.0320%	1h	0.009143	+0.015%	$209	$41	5x	as long as short
BloFin PENGU-USDT	+0.0340%	4h	0.009130	−0.127%	$1.6M	$5.0M	75x	as long as short
dYdX PENGU-USD	+0.0378%	1h	0.009150	+0.094%	$12K	$6K	5x	as long as short
GMX PENGU/USD [WBTC.b-USDC]	L +0.0434% / S −0.0352%	1h	0.009125	−0.181%	$105K	—	100x	as long as short
Kraken Futures PF_PENGUUSD	+0.0535%	1h	0.009125	−0.183%	$342K	$2.6M	50x	as long as short
Coinbase International PENGU-PERP-INTX	+0.1928%	1h	0.009196	+0.595%	$81K	$74K	50x	as long as short