PENGU

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0577%/8h= −63.2% APRnext payment −$0.72 per $10,000 · paid last 24h −0.048%

Price spread now: Kraken Futures against Reya+0.200%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 Kraken Futures

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 pays, funding is against you. Kraken Futures is 0.200% dearer against Reya than usual: you sell high and buy low (spread +0.200% now, against zero (this spread has no 7-day history yet)): +$20 on $10k if it goes back. Holding the pair costs −$17 a day in funding at the current rate, which eats that in about 28 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Reya PENGURUSDPERP	0.008806	0.0238	pay 0.0030% / 1h	46m 49s	$297	—	10x
Short	Kraken Futures PF_PENGUUSD	0.008824	−0.0339	pay 0.0042% / 1h	46m 49s	$371K	$2.3M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures 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 Kraken FuturesbpOrdersPrice spread, now +0.200%Rate

Funding earned: −$121.13
Price spread: +0.200% → 0.000%: $19.98
Slippage, 4 orders: no order book: not counted
Fee Reya: 3 bp × 2 orders: −$6
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$117.15
Costs to cover: 0.160%
Break-even: from the start

Slippage unknown: Reya: no order-book sample; Kraken Futures: live order book, 2 min ago. 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 Kraken Futures live order book, 2 min ago	2.27 bp	17.0 bp −$17	35.0 bp −$350	doesn't fit	doesn't fit

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
Kraken Futures PF_PENGUUSDshort	−0.0339%	1h	0.008824	+0.200%	$371K	$2.3M	50x
Gate PENGU_USDT	−0.0244%	4h	0.008825	+0.216%	$3.4M	$15.6M	75x	as long as short
Bybit PENGUUSDT	−0.0221%	4h	0.008827	+0.238%	$22.9M	$36.5M	75x	as long as short
Deribit PENGU_USDC-PERPETUAL	−0.0204%	1h	0.008811	+0.057%	$19K	$9K	10x	as long as short
Variational Omni PENGU	−0.0156%	4h	0.008825	+0.220%	$804K	$802K	—	as long as short
01 Exchange PENGUUSD	−0.0136%	1h	0.008808	+0.023%	$202	$59	5x	as long as short
Injective PENGU/USDC PERP	−0.0114%	1h	0.008789	−0.193%	$3K	$117K	5.5x	as long as short
gTrade (Gains Network) PENGU/USD	L +0.0007% / S −0.0003%	1h	0.008811	+0.061%	$34K	—	150x	as long as short
dYdX PENGU-USD	+0.0028%	1h	0.008826	+0.225%	$12K	$4K	5x	as long as short
Nado PENGU-PERP	+0.0057%	1h	0.008809	+0.040%	$689K	$762K	5x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Backpack PENGU_USDC_PERP	+0.0060%	1h	0.008814	+0.091%	$314K	$308K	10x	as long as short
Lighter PENGU	+0.0096%	1h	0.008833	+0.306%	$308K	$740K	8x	as long as short
Orderly PERP_PENGU_USDC	+0.0100%	4h	0.008812	+0.068%	$23K	$186K	20x	as long as short
Hyperliquid PENGU	+0.0100%	1h	0.008829	+0.261%	$8.5M	$15.3M	5x	as long as short
Aster PENGUUSDT	+0.0100%	4h	0.008833	+0.304%	$191K	$467K	20x	as long as short
Pacifica PENGU	+0.0100%	1h	0.008814	+0.091%	$152K	$239K	5x	as long as short
Binance PENGUUSDT	+0.0100%	4h	0.008830	+0.274%	$36.7M	$153.9M	75x	as long as short
OKX PENGU-USDT-SWAP	+0.0100%	4h	0.008833	+0.306%	$7.6M	$47.4M	50x	as long as short
Arcus PENGU-USD	+0.0100%	1h	0.008800	−0.068%	$19K	$24K	5x	as long as short
MEXC PENGU_USDT	+0.0100%	4h	0.008827	+0.238%	$12.6M	$12.6M	125x	as long as short
KuCoin PENGUUSDTM	+0.0100%	4h	0.008823	+0.193%	$4.8M	$8.9M	75x	as long as short
Bitget PENGUUSDT	+0.0100%	4h	0.008831	+0.284%	$8.4M	$12.6M	75x	as long as short
BingX PENGU-USDC	+0.0100%	4h	0.008817	+0.125%	—	$2.3M	—	as long as short
GRVT PENGU_USDT_Perp	+0.0100%	4h	0.008815	+0.103%	$462K	$2.2M	10x	as long as short
ApeX Omni PENGUUSDT	+0.0100%	1h	0.008833	+0.306%	$80K	$254K	50x	as long as short
SunX PENGU-USDT	+0.0100%	4h	0.009020	+2.430%	$2K	$2.1M	10x	as long as short
SoDEX PENGU-USD	+0.0100%	1h	0.008811	+0.057%	$1K	$5K	5x	as long as short
HTX PENGU-USDT	+0.0100%	4h	0.008825	+0.216%	$92K	$250K	25x	as long as short
Extended PENGU-USD	+0.0104%	1h	0.008824	+0.203%	$182K	$622K	10x	as long as short
Aevo PENGU-PERP	+0.0104%	1h	0.008814	+0.091%	$204K	$17K	3x	as long as short
Reya PENGURUSDPERPlong	+0.0238%	1h	0.008806	long leg	$297	—	10x
BloFin PENGU-USDT	+0.0340%	4h	0.008813	+0.079%	$1.5M	$2.8M	75x	as long as short
GMX PENGU/USD [WBTC.b-USDC]	L +0.0511% / S −0.0711%	1h	0.008811	+0.057%	$115K	—	100x	as long as short
Coinbase International PENGU-PERP-INTX	+0.2688%	1h	0.008850	+0.500%	$94K	$104K	50x	as long as short