PENGU

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0237%/8h= −25.9% APRnext payment −$0.30 per $10,000 · paid last 24h −0.070%

Price spread now: gTrade (Gains Network) against Reya−0.042%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 gTrade (Gains Network)

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

Both sides work against this trade now: funding costs −$7 a day on $10k at the current rate, and gTrade (Gains Network) is 0.042% cheaper against Reya than usual: you would sell low and buy high (−$4 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Reya PENGURUSDPERP	0.008787	0.0239	pay 0.0030% / 1h	2m 04s	$297	—	10x
Short	gTrade (Gains Network) PENGU/USD	0.008784	L +0.0007% / S −0.0003%	get 0.0000% / 1h	2m 04s	$32K	—	150x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

gTrade (Gains Network) 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 gTrade (Gains Network)bpOrdersPrice spread, now −0.042%Rate

Funding earned: −$49.67
Price spread: −0.042% → 0.000%: −$4.21
Slippage, 4 orders: no order book: not counted
Fee Reya: 3 bp × 2 orders: −$6
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Net: −$69.88
Costs to cover: 0.160%
Break-even: never at this rate

Slippage unknown: Reya: no order-book sample; gTrade (Gains Network): 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 gTrade (Gains Network) no order-book sample	—	—	—	—	—

Reya and gTrade (Gains Network): 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	0.008785	−0.025%	$18K	$10K	10x	as long as short
gTrade (Gains Network) PENGU/USDshort	L +0.0007% / S −0.0003%	1h	0.008784	−0.042%	$32K	—	150x
Gate PENGU_USDT	+0.0014%	4h	0.008780	−0.082%	$3.3M	$16.6M	75x	as long as short
Injective PENGU/USDC PERP	+0.0033%	1h	0.008789	+0.020%	$3K	$117K	5.5x	as long as short
dYdX PENGU-USD	+0.0071%	1h	0.008784	−0.034%	$12K	$5K	5x	as long as short
Lighter PENGU	+0.0096%	1h	0.008788	+0.009%	$319K	$754K	8x	as long as short
Hyperliquid PENGU	+0.0100%	1h	0.008776	−0.128%	$8.1M	$15.4M	5x	as long as short
Aster PENGUUSDT	+0.0100%	4h	0.008777	−0.120%	$119K	$661K	20x	as long as short
Pacifica PENGU	+0.0100%	1h	0.008788	+0.009%	$134K	$273K	5x	as long as short
Binance PENGUUSDT	+0.0100%	4h	0.008773	−0.160%	$37.2M	$174.4M	75x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit PENGUUSDT	+0.0100%	4h	0.008771	−0.185%	$23.3M	$41.5M	75x	as long as short
OKX PENGU-USDT-SWAP	+0.0100%	4h	0.008773	−0.162%	$7.6M	$49.7M	50x	as long as short
Arcus PENGU-USD	+0.0100%	1h	0.008790	+0.032%	$19K	$25K	5x	as long as short
MEXC PENGU_USDT	+0.0100%	4h	0.008781	−0.071%	$10.5M	$12.8M	125x	as long as short
KuCoin PENGUUSDTM	+0.0100%	4h	0.008785	−0.025%	$4.9M	$9.5M	75x	as long as short
Bitget PENGUUSDT	+0.0100%	4h	0.008772	−0.173%	$8.5M	$13.1M	75x	as long as short
BingX PENGU-USDT	+0.0100%	4h	0.008772	−0.173%	—	$3.6M	—	as long as short
Backpack PENGU_USDC_PERP	+0.0100%	1h	0.008778	−0.105%	$291K	$337K	10x	as long as short
Variational Omni PENGU	+0.0100%	4h	0.008848	+0.691%	$923K	$1.0M	—	as long as short
GRVT PENGU_USDT_Perp	+0.0100%	4h	0.008839	+0.591%	$469K	$2.1M	10x	as long as short
ApeX Omni PENGUUSDT	+0.0100%	1h	0.008834	+0.532%	$80K	$251K	50x	as long as short
Nado PENGU-PERP	+0.0100%	1h	0.008779	−0.088%	$589K	$1.1M	5x	as long as short
Orderly PERP_PENGU_USDC	+0.0100%	4h	0.008783	−0.048%	$23K	$130K	20x	as long as short
SunX PENGU-USDT	+0.0100%	4h	0.008993	+2.342%	$3K	$2.1M	10x	as long as short
SoDEX PENGU-USD	+0.0100%	1h	0.008787	−0.003%	$1K	$5K	5x	as long as short
HTX PENGU-USDT	+0.0100%	4h	0.008800	+0.145%	$91K	$378K	25x	as long as short
Extended PENGU-USD	+0.0104%	1h	0.008783	−0.051%	$181K	$869K	10x	as long as short
Aevo PENGU-PERP	+0.0104%	1h	0.008779	−0.094%	$203K	—	3x	as long as short
01 Exchange PENGUUSD	+0.0120%	1h	0.008781	−0.071%	$201	$64	5x	as long as short
Reya PENGURUSDPERPlong	+0.0239%	1h	0.008787	long leg	$297	—	10x
BloFin PENGU-USDT	+0.0340%	4h	0.008794	+0.077%	$1.5M	$4.1M	75x	as long as short
GMX PENGU/USD [WBTC.b-USDC]	L +0.0497% / S −0.0415%	1h	0.008782	−0.059%	$125K	—	100x	as long as short
Kraken Futures PF_PENGUUSD	+0.0622%	1h	0.008794	+0.077%	$322K	$2.4M	50x	as long as short
Coinbase International PENGU-PERP-INTX	+0.2704%	1h	0.008886	+1.124%	$94K	$59K	50x	as long as short