PENGU

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0139%/8h= −15.3% APRnext payment −$0.17 per $10,000 · paid last 24h −0.043%

Price spread now: Nado against Reya−0.006%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 Nado

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 · Nado: 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: −$4 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	0.008993	0.0239	pay 0.0030% / 1h	30m 26s	$304	—	10x
Short	Nado PENGU-PERP	0.008992	0.0100	get 0.0012% / 1h	30m 26s	$603K	$1.0M	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado 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 NadobpOrdersPrice spread, now −0.006%Rate

Funding earned: −$29.25
Price spread: −0.006% → 0.000%: −$0.55
Slippage, 4 orders: no order book: not counted
Fee Reya: 3 bp × 2 orders: −$6
Fee Nado: 3.5 bp × 2 orders: −$7
Net: −$42.8
Costs to cover: 0.130%
Break-even: never at this rate

Slippage unknown: Reya: no order-book sample; Nado: live order book, 3 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 Nado live order book, 3 min ago	1.12 bp	9.4 bp −$9	24.9 bp −$249	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
Gate PENGU_USDT	−0.0088%	4h	0.008992	−0.011%	$3.4M	$16.4M	75x	as long as short
Deribit PENGU_USDC-PERPETUAL	0.0000%	1h	0.009015	+0.245%	$19K	$10K	10x	as long as short
gTrade (Gains Network) PENGU/USD	L +0.0007% / S −0.0003%	1h	0.008997	+0.049%	$33K	—	150x	as long as short
Injective PENGU/USDC PERP	+0.0033%	1h	0.008789	−2.268%	$3K	$117K	5.5x	as long as short
dYdX PENGU-USD	+0.0039%	1h	0.008992	−0.009%	$12K	$5K	5x	as long as short
01 Exchange PENGUUSD	+0.0080%	1h	0.008990	−0.033%	$206	$64	5x	as long as short
Lighter PENGU	+0.0096%	1h	0.009007	+0.156%	$328K	$751K	8x	as long as short
Nado PENGU-PERPshort	+0.0100%	1h	0.008992	−0.006%	$603K	$1.0M	5x
Hyperliquid PENGU	+0.0100%	1h	0.009001	+0.089%	$8.5M	$14.8M	5x	as long as short
Aster PENGUUSDT	+0.0100%	4h	0.009001	+0.084%	$139K	$640K	20x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica PENGU	+0.0100%	1h	0.009000	+0.078%	$137K	$272K	5x	as long as short
Binance PENGUUSDT	+0.0100%	4h	0.008998	+0.056%	$38.5M	$171.6M	75x	as long as short
Bybit PENGUUSDT	+0.0100%	4h	0.008992	−0.011%	$23.9M	$41.0M	75x	as long as short
OKX PENGU-USDT-SWAP	+0.0100%	4h	0.008991	−0.022%	$7.8M	$50.4M	50x	as long as short
Arcus PENGU-USD	+0.0100%	1h	0.008990	−0.033%	$19K	$25K	5x	as long as short
MEXC PENGU_USDT	+0.0100%	4h	0.008995	+0.022%	$11.1M	$12.6M	125x	as long as short
KuCoin PENGUUSDTM	+0.0100%	4h	0.008992	−0.011%	$5.0M	$9.4M	75x	as long as short
Bitget PENGUUSDT	+0.0100%	4h	0.008997	+0.045%	$8.8M	$12.9M	75x	as long as short
BingX PENGU-USDT	+0.0100%	4h	0.008994	+0.011%	—	$3.6M	—	as long as short
Backpack PENGU_USDC_PERP	+0.0100%	1h	0.009017	+0.267%	$301K	$327K	10x	as long as short
Variational Omni PENGU	+0.0100%	4h	0.009000	+0.077%	$939K	$1.0M	—	as long as short
GRVT PENGU_USDT_Perp	+0.0100%	4h	0.008958	−0.389%	$467K	$2.1M	10x	as long as short
ApeX Omni PENGUUSDT	+0.0100%	1h	0.008964	−0.322%	$81K	$251K	50x	as long as short
Orderly PERP_PENGU_USDC	+0.0100%	4h	0.008995	+0.022%	$24K	$101K	20x	as long as short
SunX PENGU-USDT	+0.0100%	4h	0.009236	+2.702%	$3K	$2.1M	10x	as long as short
SoDEX PENGU-USD	+0.0100%	1h	0.009011	+0.200%	$1K	$5K	5x	as long as short
HTX PENGU-USDT	+0.0100%	4h	0.009015	+0.245%	$93K	$379K	25x	as long as short
Extended PENGU-USD	+0.0104%	1h	0.008988	−0.051%	$187K	$939K	10x	as long as short
Aevo PENGU-PERP	+0.0104%	1h	0.009008	+0.167%	$208K	—	3x	as long as short
Reya PENGURUSDPERPlong	+0.0239%	1h	0.008993	long leg	$304	—	10x
BloFin PENGU-USDT	+0.0340%	4h	0.009012	+0.211%	$1.6M	$4.2M	75x	as long as short
GMX PENGU/USD [WBTC.b-USDC]	L +0.0504% / S −0.0415%	1h	0.009015	+0.245%	$128K	—	100x	as long as short
Kraken Futures PF_PENGUUSD	+0.0607%	1h	0.009017	+0.262%	$353K	$2.4M	50x	as long as short
Coinbase International PENGU-PERP-INTX	+0.2704%	1h	0.008988	−0.056%	$95K	$62K	50x	as long as short