PENGU

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0238%/8h= −26.1% APRnext payment −$0.30 per $10,000 · paid last 24h −0.101%

Price spread now: Deribit against Reya−0.015%7-day average — · you buy dearer than you sell

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

Long on Reya Short on Deribit

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

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: −$7 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Reya PENGURUSDPERP	0.008834	0.0238	pay 0.0030% / 1h	48m 48s	$298	—	10x
Short	Deribit PENGU_USDC-PERPETUAL	0.008833	0	get 0.0000% / 1h	48m 48s	$18K	$10K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit 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 DeribitbpOrdersPrice spread, now −0.015%Rate

Funding earned: −$50.02
Price spread: −0.015% → 0.000%: −$1.46
Slippage, 4 orders: no order book: not counted
Fee Reya: 3 bp × 2 orders: −$6
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$64.48
Costs to cover: 0.130%
Break-even: never at this rate

Slippage unknown: Reya: no order-book sample; Deribit: 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 Deribit no order-book sample	—	—	—	—	—

Reya and Deribit: 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
ApeX Omni PENGUUSDT	−0.0316%	1h	0.008828	−0.071%	$81K	$249K	50x	as long as short
Nado PENGU-PERP	−0.0185%	1h	0.008838	+0.042%	$538K	$926K	5x	as long as short
Variational Omni PENGU	−0.0083%	4h	0.008816	−0.205%	$873K	$1.0M	—	as long as short
Gate PENGU_USDT	−0.0070%	4h	0.008845	+0.121%	$3.4M	$15.3M	75x	as long as short
Deribit PENGU_USDC-PERPETUALshort	0.0000%	1h	0.008833	−0.015%	$18K	$10K	10x
gTrade (Gains Network) PENGU/USD	L +0.0007% / S −0.0003%	1h	0.008835	+0.003%	$33K	—	150x	as long as short
Injective PENGU/USDC PERP	+0.0033%	1h	0.008789	−0.513%	$3K	$117K	5.5x	as long as short
01 Exchange PENGUUSD	+0.0056%	1h	0.008839	+0.053%	$202	$64	5x	as long as short
Lighter PENGU	+0.0096%	1h	0.008842	+0.087%	$307K	$698K	8x	as long as short
Orderly PERP_PENGU_USDC	+0.0097%	4h	0.008835	+0.008%	$19K	$178K	20x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hyperliquid PENGU	+0.0100%	1h	0.008841	+0.076%	$8.3M	$15.0M	5x	as long as short
Aster PENGUUSDT	+0.0100%	4h	0.008849	+0.170%	$170K	$442K	20x	as long as short
Pacifica PENGU	+0.0100%	1h	0.008836	+0.019%	$152K	$242K	5x	as long as short
Binance PENGUUSDT	+0.0100%	4h	0.008850	+0.178%	$37.5M	$156.9M	75x	as long as short
Bybit PENGUUSDT	+0.0100%	4h	0.008845	+0.121%	$23.0M	$37.9M	75x	as long as short
OKX PENGU-USDT-SWAP	+0.0100%	4h	0.008839	+0.053%	$7.6M	$47.8M	50x	as long as short
Arcus PENGU-USD	+0.0100%	1h	0.008840	+0.065%	$19K	$24K	5x	as long as short
MEXC PENGU_USDT	+0.0100%	4h	0.008849	+0.167%	$12.4M	$12.8M	125x	as long as short
KuCoin PENGUUSDTM	+0.0100%	4h	0.008848	+0.155%	$4.7M	$9.0M	75x	as long as short
Bitget PENGUUSDT	+0.0100%	4h	0.008845	+0.121%	$8.3M	$12.6M	75x	as long as short
BingX PENGU-USDT	+0.0100%	4h	0.008848	+0.155%	—	$3.7M	—	as long as short
Backpack PENGU_USDC_PERP	+0.0100%	1h	0.008843	+0.099%	$303K	$323K	10x	as long as short
GRVT PENGU_USDT_Perp	+0.0100%	4h	0.008818	−0.186%	$467K	$2.0M	10x	as long as short
SunX PENGU-USDT	+0.0100%	4h	0.009048	+2.419%	$2K	$2.1M	10x	as long as short
SoDEX PENGU-USD	+0.0100%	1h	0.008835	+0.008%	$1K	$5K	5x	as long as short
HTX PENGU-USDT	+0.0100%	4h	0.008847	+0.144%	$94K	$317K	25x	as long as short
Extended PENGU-USD	+0.0104%	1h	0.008847	+0.142%	$182K	$940K	10x	as long as short
Aevo PENGU-PERP	+0.0104%	1h	0.008830	−0.049%	$204K	—	3x	as long as short
dYdX PENGU-USD	+0.0136%	1h	0.008830	−0.048%	$12K	$4K	5x	as long as short
Kraken Futures PF_PENGUUSD	+0.0209%	1h	0.008844	+0.111%	$365K	$2.3M	50x	as long as short
Reya PENGURUSDPERPlong	+0.0238%	1h	0.008834	long leg	$298	—	10x
BloFin PENGU-USDT	+0.0340%	4h	0.008832	−0.026%	$1.5M	$3.2M	75x	as long as short
GMX PENGU/USD [WBTC.b-USDC]	L +0.0498% / S −0.0675%	1h	0.008830	−0.049%	$111K	—	100x	as long as short
Coinbase International PENGU-PERP-INTX	+0.1352%	1h	0.008967	+1.502%	$95K	$104K	50x	as long as short