Funding you earn now, next payment 06:00 UTC−0.1424%/8h= −155.9% APRnext payment −$1.78 per $10,000 · paid last 24h −0.608%
Price spread now: Reya against Coinbase International−1.227%7-day average — · you buy dearer than you sell
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 against this trade now: funding costs −$43 a day on $10k at the current rate, and Reya is 1.227% cheaper against Coinbase International than usual: you would sell low and buy high (−$123 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 | Coinbase International PENGU-PERP-INTX | 0.009194 | 0.1664 | pay 0.0208% / 1h | 46m 18s | $81K | $69K | 50x |
| Short | Reya PENGURUSDPERP | 0.009081 | 0.0240 | get 0.0030% / 1h | 46m 18s | $307 | — | 10x |
Coinbase International PENGU-PERP-INTX
Reya PENGURUSDPERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Reya against Coinbase International. 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
- −$299.06
- Price spread: −1.227% → 0.000%
- −$122.66
- Slippage, 4 orders
- no order book: not counted
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Fee Reya: 3 bp × 2 orders
- −$6
- Net
- −$437.72
- Costs to cover
- 0.160%
- Break-even
- never at this rate
Slippage unknown: Coinbase International: no order-book sample; 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 Coinbase International no order-book sample | — | — | — | — | — |
| Sell Reya no order-book sample | — | — | — | — | — |
Coinbase International and 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 | |
|---|---|---|---|---|---|---|---|---|
| gTrade (Gains Network) PENGU/USD | L +0.0007% / S −0.0003% | 1h | 0.009080 | −1.235% | $33K | — | 150x | as long as short |
| Injective PENGU/USDC PERP | +0.0033% | 1h | 0.008789 | −4.405% | $3K | $117K | 5.5x | as long as short |
| Deribit PENGU_USDC-PERPETUAL | +0.0080% | 1h | 0.009084 | −1.196% | $1K | $29K | 10x | as long as short |
| Lighter PENGU | +0.0096% | 1h | 0.009115 | −0.859% | $327K | $766K | 8x | as long as short |
| Aster PENGUUSDT | +0.0100% | 4h | 0.009089 | −1.143% | $121K | $702K | 20x | as long as short |
| Pacifica PENGU | +0.0100% | 1h | 0.009106 | −0.957% | $140K | $291K | 5x | as long as short |
| Binance PENGUUSDT | +0.0100% | 4h | 0.009084 | −1.192% | $39.6M | $187.5M | 75x | as long as short |
| Bybit PENGUUSDT | +0.0100% | 4h | 0.009074 | −1.305% | $24.0M | $43.9M | 75x | as long as short |
| OKX PENGU-USDT-SWAP | +0.0100% | 4h | 0.009080 | −1.240% | $8.1M | $54.5M | 50x | as long as short |
| Arcus PENGU-USD | +0.0100% | 1h | 0.009100 | −1.022% | $18K | $26K | 5x | as long as short |
gTrade (Gains Network) PENGU/USD
Injective PENGU/USDC PERP
Deribit PENGU_USDC-PERPETUAL
Lighter PENGU
Aster PENGUUSDT
Pacifica PENGU
Binance PENGUUSDT
Bybit PENGUUSDT
OKX PENGU-USDT-SWAP
Arcus PENGU-USDShow all 34 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Gate PENGU_USDT | +0.0100% | 4h | 0.009078 | −1.262% | $3.5M | $17.0M | 75x | as long as short |
| MEXC PENGU_USDT | +0.0100% | 4h | 0.009083 | −1.207% | $11.4M | $12.7M | 125x | as long as short |
| KuCoin PENGUUSDTM | +0.0100% | 4h | 0.009087 | −1.164% | $5.3M | $10.0M | 75x | as long as short |
| Bitget PENGUUSDT | +0.0100% | 4h | 0.009085 | −1.186% | $8.7M | $13.8M | 75x | as long as short |
| BingX PENGU-USDT | +0.0100% | 4h | 0.009081 | −1.229% | — | $3.8M | — | as long as short |
| Backpack PENGU_USDC_PERP | +0.0100% | 1h | 0.009100 | −1.022% | $313K | $362K | 10x | as long as short |
| Variational Omni PENGU | +0.0100% | 4h | 0.009134 | −0.653% | $931K | $1.1M | — | as long as short |
| GRVT PENGU_USDT_Perp | +0.0100% | 4h | 0.009155 | −0.421% | $484K | $2.1M | 10x | as long as short |
| ApeX Omni PENGUUSDT | +0.0100% | 1h | 0.009125 | −0.750% | $80K | $251K | 50x | as long as short |
| Nado PENGU-PERP | +0.0100% | 1h | 0.009088 | −1.147% | $638K | $1.1M | 5x | as long as short |
| Orderly PERP_PENGU_USDC | +0.0100% | 4h | 0.009082 | −1.218% | $23K | $206K | 20x | as long as short |
| SunX PENGU-USDT | +0.0100% | 4h | 0.009300 | +1.153% | $3K | $2.2M | 10x | as long as short |
| SoDEX PENGU-USD | +0.0100% | 1h | 0.009105 | −0.968% | $1K | $5K | 5x | as long as short |
| HTX PENGU-USDT | +0.0100% | 4h | 0.009151 | −0.468% | $94K | $401K | 25x | as long as short |
| Extended PENGU-USD | +0.0104% | 1h | 0.009083 | −1.208% | $189K | $847K | 10x | as long as short |
| Aevo PENGU-PERP | +0.0104% | 1h | 0.009080 | −1.240% | $210K | — | 3x | as long as short |
| Reya PENGURUSDPERPshort | +0.0240% | 1h | 0.009081 | −1.227% | $307 | — | 10x | |
| BloFin PENGU-USDT | +0.0340% | 4h | 0.009111 | −0.903% | $1.6M | $4.9M | 75x | as long as short |
| 01 Exchange PENGUUSD | +0.0368% | 1h | 0.009092 | −1.109% | $208 | $64 | 5x | as long as short |
| GMX PENGU/USD [WBTC.b-USDC] | L +0.0444% / S −0.0368% | 1h | 0.009078 | −1.262% | $107K | — | 100x | as long as short |
| Hyperliquid PENGU | +0.0491% | 1h | 0.009094 | −1.088% | $9.4M | $16.1M | 5x | as long as short |
| Kraken Futures PF_PENGUUSD | +0.0671% | 1h | 0.009092 | −1.109% | $334K | $2.5M | 50x | as long as short |
| dYdX PENGU-USD | +0.0846% | 1h | 0.009107 | −0.950% | $12K | $6K | 5x | as long as short |
| Coinbase International PENGU-PERP-INTXlong | +0.1664% | 1h | 0.009194 | long leg | $81K | $69K | 50x |
Gate PENGU_USDT
MEXC PENGU_USDT
KuCoin PENGUUSDTM
Bitget PENGUUSDT
BingX PENGU-USDT
Backpack PENGU_USDC_PERP
Variational Omni PENGU
GRVT PENGU_USDT_Perp
ApeX Omni PENGUUSDT
Nado PENGU-PERP
Orderly PERP_PENGU_USDC
SunX PENGU-USDT
SoDEX PENGU-USD
HTX PENGU-USDT
Extended PENGU-USD
Aevo PENGU-PERP
BloFin PENGU-USDT
01 Exchange PENGUUSD
GMX PENGU/USD [WBTC.b-USDC]
Hyperliquid PENGU
Kraken Futures PF_PENGUUSD
dYdX PENGU-USD