PENGU

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0260%/8h= −28.5% APRnext payment −$0.33 per $10,000 · paid last 24h −0.047%

Price spread now: Reya against GMX−0.110%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on GMX Short on Reya

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 −$8 a day on $10k at the current rate, and Reya is 0.110% cheaper against GMX than usual: you would sell low and buy high (−$11 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	GMX PENGU/USD [WBTC.b-USDC]	0.008790	L +0.0498% / S −0.0683%	pay 0.0062% / 1h	50m 45s	$111K	—	100x
Short	Reya PENGURUSDPERP	0.008780	0.0238	get 0.0030% / 1h	50m 45s	$296	—	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Reya against GMX. 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 GMXbpFee ReyabpOrdersPrice spread, now −0.110%Rate

Funding earned: −$54.64
Price spread: −0.110% → 0.000%: −$11.02
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee Reya: 3 bp × 2 orders: −$6
Net: −$83.65
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: GMX: 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 GMX no order-book sample	—	—	—	—	—
Sell Reya no order-book sample	—	—	—	—	—

GMX 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
Gate PENGU_USDT	−0.0514%	4h	0.008764	−0.296%	$3.4M	$15.4M	75x	as long as short
Bybit PENGUUSDT	−0.0416%	4h	0.008763	−0.307%	$22.9M	$37.2M	75x	as long as short
Kraken Futures PF_PENGUUSD	−0.0393%	1h	0.008791	+0.010%	$368K	$2.3M	50x	as long as short
Deribit PENGU_USDC-PERPETUAL	−0.0319%	1h	0.008782	−0.091%	$18K	$10K	10x	as long as short
Variational Omni PENGU	−0.0293%	4h	0.008777	−0.146%	$871K	$931K	—	as long as short
01 Exchange PENGUUSD	−0.0104%	1h	0.008776	−0.159%	$201	$59	5x	as long as short
gTrade (Gains Network) PENGU/USD	L +0.0007% / S −0.0003%	1h	0.008790	−0.005%	$33K	—	150x	as long as short
Injective PENGU/USDC PERP	+0.0033%	1h	0.008789	−0.011%	$3K	$117K	5.5x	as long as short
Lighter PENGU	+0.0096%	1h	0.008773	−0.193%	$307K	$727K	8x	as long as short
Orderly PERP_PENGU_USDC	+0.0100%	4h	0.008783	−0.080%	$23K	$185K	20x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Nado PENGU-PERP	+0.0100%	1h	0.008779	−0.119%	$698K	$778K	5x	as long as short
Hyperliquid PENGU	+0.0100%	1h	0.008768	−0.250%	$8.4M	$15.3M	5x	as long as short
Aster PENGUUSDT	+0.0100%	4h	0.008775	−0.176%	$188K	$481K	20x	as long as short
Pacifica PENGU	+0.0100%	1h	0.008767	−0.262%	$151K	$239K	5x	as long as short
Binance PENGUUSDT	+0.0100%	4h	0.008765	−0.280%	$36.5M	$155.7M	75x	as long as short
OKX PENGU-USDT-SWAP	+0.0100%	4h	0.008765	−0.284%	$7.6M	$47.1M	50x	as long as short
Arcus PENGU-USD	+0.0100%	1h	0.008770	−0.228%	$19K	$24K	5x	as long as short
MEXC PENGU_USDT	+0.0100%	4h	0.008767	−0.262%	$12.3M	$12.6M	125x	as long as short
KuCoin PENGUUSDTM	+0.0100%	4h	0.008769	−0.239%	$4.7M	$9.0M	75x	as long as short
Bitget PENGUUSDT	+0.0100%	4h	0.008768	−0.250%	$8.3M	$12.7M	75x	as long as short
BingX PENGU-USDT	+0.0100%	4h	0.008765	−0.284%	—	$3.9M	—	as long as short
Backpack PENGU_USDC_PERP	+0.0100%	1h	0.008776	−0.159%	$308K	$315K	10x	as long as short
GRVT PENGU_USDT_Perp	+0.0100%	4h	0.008816	+0.297%	$467K	$2.1M	10x	as long as short
ApeX Omni PENGUUSDT	+0.0100%	1h	0.008817	+0.307%	$80K	$254K	50x	as long as short
SunX PENGU-USDT	+0.0100%	4h	0.008992	+2.298%	$3K	$2.1M	10x	as long as short
SoDEX PENGU-USD	+0.0100%	1h	0.008779	−0.125%	$1K	$5K	5x	as long as short
HTX PENGU-USDT	+0.0100%	4h	0.008802	+0.137%	$90K	$300K	25x	as long as short
Extended PENGU-USD	+0.0104%	1h	0.008766	−0.277%	$181K	$666K	10x	as long as short
Aevo PENGU-PERP	+0.0104%	1h	0.008775	−0.171%	$203K	—	3x	as long as short
dYdX PENGU-USD	+0.0116%	1h	0.008778	−0.138%	$12K	$4K	5x	as long as short
Reya PENGURUSDPERPshort	+0.0238%	1h	0.008780	−0.110%	$296	—	10x
BloFin PENGU-USDT	+0.0340%	4h	0.008782	−0.091%	$1.5M	$2.8M	75x	as long as short
GMX PENGU/USD [WBTC.b-USDC]long	L +0.0498% / S −0.0683%	1h	0.008790	long leg	$111K	—	100x
Coinbase International PENGU-PERP-INTX	+0.1648%	1h	0.008830	+0.455%	$94K	$104K	50x	as long as short