Funding you earn now, next payment 07:00 UTC+0.0136%/8h= +14.9% APRnext payment +$0.17 per $10,000 · paid last 24h +0.040%
Price spread now: Reya against Aevo+0.331%53s7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and Reya is 0.331% dearer against Aevo than usual: you sell high and buy low: +$33 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 53 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Aevo PENGU-PERP | 0.009120 | 0.0104 | pay 0.0013% / 1h | 48m 30s | $211K | — | 3x |
| Short | Reya PENGURUSDPERP | 0.009150 | 0.0240 | get 0.0030% / 1h | 48m 30s | $309 | — | 10x |
Aevo PENGU-PERP
Reya PENGURUSDPERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Reya against Aevo. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $28.53
- Price spread: +0.331% → 0.000%
- $33.14
- Slippage, 4 orders
- no order book: not counted
- Fee Aevo: 8 bp × 2 orders
- −$16
- Fee Reya: 3 bp × 2 orders
- −$6
- Net
- $39.67
- Costs to cover
- 0.220%
- Break-even
- from the start
Slippage unknown: Aevo: live order book, 60 min ago; Reya: 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 Aevo live order book, 60 min ago | 68.10 bp | 83.7 bp −$84 | doesn't fit | doesn't fit | doesn't fit |
| Sell Reya no order-book sample | — | — | — | — | — |
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 | |
|---|---|---|---|---|---|---|---|---|
| Deribit PENGU_USDC-PERPETUAL | 0.0000% | 1h | 0.009125 | +0.055% | $1K | $29K | 10x | as long as short |
| gTrade (Gains Network) PENGU/USD | L +0.0007% / S −0.0003% | 1h | 0.009123 | +0.031% | $34K | — | 150x | as long as short |
| Injective PENGU/USDC PERP | +0.0033% | 1h | 0.008789 | −3.629% | $3K | $117K | 5.5x | as long as short |
| Lighter PENGU | +0.0096% | 1h | 0.009153 | +0.362% | $329K | $766K | 8x | as long as short |
| Nado PENGU-PERP | +0.0100% | 1h | 0.009130 | +0.110% | $642K | $1.1M | 5x | as long as short |
| Aster PENGUUSDT | +0.0100% | 4h | 0.009145 | +0.274% | $122K | $701K | 20x | as long as short |
| Pacifica PENGU | +0.0100% | 1h | 0.009151 | +0.340% | $140K | $291K | 5x | as long as short |
| Binance PENGUUSDT | +0.0100% | 4h | 0.009148 | +0.303% | $39.9M | $186.9M | 75x | as long as short |
| Bybit PENGUUSDT | +0.0100% | 4h | 0.009146 | +0.285% | $24.3M | $43.8M | 75x | as long as short |
| OKX PENGU-USDT-SWAP | +0.0100% | 4h | 0.009150 | +0.329% | $8.1M | $54.9M | 50x | as long as short |
Deribit PENGU_USDC-PERPETUAL
gTrade (Gains Network) PENGU/USD
Injective PENGU/USDC PERP
Lighter PENGU
Nado PENGU-PERP
Aster PENGUUSDT
Pacifica PENGU
Binance PENGUUSDT
Bybit PENGUUSDT
OKX PENGU-USDT-SWAPShow all 34 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Arcus PENGU-USD | +0.0100% | 1h | 0.009140 | +0.219% | $18K | $26K | 5x | as long as short |
| Gate PENGU_USDT | +0.0100% | 4h | 0.009141 | +0.230% | $3.5M | $17.0M | 75x | as long as short |
| MEXC PENGU_USDT | +0.0100% | 4h | 0.009150 | +0.329% | $11.5M | $12.7M | 125x | as long as short |
| KuCoin PENGUUSDTM | +0.0100% | 4h | 0.009150 | +0.329% | $5.3M | $9.9M | 75x | as long as short |
| Bitget PENGUUSDT | +0.0100% | 4h | 0.009157 | +0.406% | $8.7M | $13.8M | 75x | as long as short |
| BingX PENGU-USDC | +0.0100% | 4h | 0.009137 | +0.186% | — | $2.3M | — | as long as short |
| Backpack PENGU_USDC_PERP | +0.0100% | 1h | 0.009127 | +0.077% | $314K | $361K | 10x | as long as short |
| Variational Omni PENGU | +0.0100% | 4h | 0.009134 | +0.153% | $931K | $1.1M | — | as long as short |
| GRVT PENGU_USDT_Perp | +0.0100% | 4h | 0.009155 | +0.387% | $484K | $2.1M | 10x | as long as short |
| ApeX Omni PENGUUSDT | +0.0100% | 1h | 0.009093 | −0.296% | $80K | $251K | 50x | as long as short |
| Orderly PERP_PENGU_USDC | +0.0100% | 4h | 0.009126 | +0.066% | $23K | $202K | 20x | as long as short |
| SunX PENGU-USDT | +0.0100% | 4h | 0.009340 | +2.412% | $3K | $2.2M | 10x | as long as short |
| SoDEX PENGU-USD | +0.0100% | 1h | 0.009124 | +0.044% | $1K | $5K | 5x | as long as short |
| HTX PENGU-USDT | +0.0100% | 4h | 0.009153 | +0.362% | $94K | $401K | 25x | as long as short |
| Extended PENGU-USD | +0.0104% | 1h | 0.009141 | +0.225% | $189K | $847K | 10x | as long as short |
| Aevo PENGU-PERPlong | +0.0104% | 1h | 0.009120 | long leg | $211K | — | 3x | |
| Reya PENGURUSDPERPshort | +0.0240% | 1h | 0.009150 | +0.331% | $309 | — | 10x | |
| BloFin PENGU-USDT | +0.0340% | 4h | 0.009133 | +0.143% | $1.6M | $4.9M | 75x | as long as short |
| 01 Exchange PENGUUSD | +0.0368% | 1h | 0.009161 | +0.450% | $210 | $64 | 5x | as long as short |
| GMX PENGU/USD [WBTC.b-USDC] | L +0.0445% / S −0.0368% | 1h | 0.009120 | 0.000% | $108K | — | 100x | as long as short |
| Hyperliquid PENGU | +0.0544% | 1h | 0.009163 | +0.471% | $9.4M | $16.0M | 5x | as long as short |
| Kraken Futures PF_PENGUUSD | +0.0668% | 1h | 0.009131 | +0.123% | $340K | $2.5M | 50x | as long as short |
| dYdX PENGU-USD | +0.0825% | 1h | 0.009146 | +0.282% | $12K | $6K | 5x | as long as short |
| Coinbase International PENGU-PERP-INTX | +0.1664% | 1h | 0.009194 | +0.811% | $81K | $69K | 50x | as long as short |
Arcus PENGU-USD
Gate PENGU_USDT
MEXC PENGU_USDT
KuCoin PENGUUSDTM
Bitget PENGUUSDT
BingX PENGU-USDC
Backpack PENGU_USDC_PERP
Variational Omni PENGU
GRVT PENGU_USDT_Perp
ApeX Omni PENGUUSDT
Orderly PERP_PENGU_USDC
SunX PENGU-USDT
SoDEX PENGU-USD
HTX PENGU-USDT
Extended PENGU-USD
BloFin PENGU-USDT
01 Exchange PENGUUSD
GMX PENGU/USD [WBTC.b-USDC]
Hyperliquid PENGU
Kraken Futures PF_PENGUUSD
dYdX PENGU-USD
Coinbase International PENGU-PERP-INTX