PENGU

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0206%/8h= +22.6% APRnext payment +$0.26 per $10,000 · paid last 24h −0.050%

Price spread now: Reya against Injective+1.571%7-day average — · you sell dearer than you buy

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

Long on Injective 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 for this trade now. Funding pays +$6 a day on $10k at the current rate, and Reya is 1.571% dearer against Injective than usual: you sell high and buy low: +$157 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Injective PENGU/USDC PERP	0.008789	0.0033	pay 0.0004% / 1h	21m 16s	$3K	$117K	5.5x
Short	Reya PENGURUSDPERP	0.008927	0.0239	get 0.0030% / 1h	21m 16s	$301	—	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Reya against Injective. 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 InjectivebpFee ReyabpOrdersPrice spread, now +1.571%Rate

Funding earned: $43.27
Price spread: +1.571% → 0.000%: $157.12
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee Reya: 3 bp × 2 orders: −$6
Net: $194.37
Costs to cover: 0.060%
Break-even: from the start

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

Injective 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
Deribit PENGU_USDC-PERPETUAL	0.0000%	1h	0.008919	+1.479%	$18K	$10K	10x	as long as short
gTrade (Gains Network) PENGU/USD	L +0.0007% / S −0.0003%	1h	0.008923	+1.528%	$33K	—	150x	as long as short
Injective PENGU/USDC PERPlong	+0.0033%	1h	0.008789	long leg	$3K	$117K	5.5x
dYdX PENGU-USD	+0.0035%	1h	0.008930	+1.609%	$12K	$5K	5x	as long as short
Gate PENGU_USDT	+0.0048%	4h	0.008920	+1.490%	$3.3M	$16.5M	75x	as long as short
01 Exchange PENGUUSD	+0.0080%	1h	0.008935	+1.661%	$204	$64	5x	as long as short
Lighter PENGU	+0.0096%	1h	0.008927	+1.570%	$325K	$752K	8x	as long as short
Nado PENGU-PERP	+0.0100%	1h	0.008933	+1.638%	$599K	$1.1M	5x	as long as short
Hyperliquid PENGU	+0.0100%	1h	0.008935	+1.661%	$8.5M	$15.1M	5x	as long as short
Aster PENGUUSDT	+0.0100%	4h	0.008926	+1.554%	$138K	$643K	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	0.008927	+1.570%	$136K	$272K	5x	as long as short
Binance PENGUUSDT	+0.0100%	4h	0.008925	+1.542%	$38.1M	$172.6M	75x	as long as short
Bybit PENGUUSDT	+0.0100%	4h	0.008912	+1.399%	$23.7M	$41.2M	75x	as long as short
OKX PENGU-USDT-SWAP	+0.0100%	4h	0.008914	+1.422%	$7.8M	$50.1M	50x	as long as short
Arcus PENGU-USD	+0.0100%	1h	0.008930	+1.604%	$19K	$25K	5x	as long as short
MEXC PENGU_USDT	+0.0100%	4h	0.008934	+1.650%	$10.9M	$12.7M	125x	as long as short
KuCoin PENGUUSDTM	+0.0100%	4h	0.008930	+1.604%	$4.9M	$9.5M	75x	as long as short
Bitget PENGUUSDT	+0.0100%	4h	0.008923	+1.525%	$8.7M	$13.0M	75x	as long as short
BingX PENGU-USDT	+0.0100%	4h	0.008920	+1.490%	—	$3.5M	—	as long as short
Backpack PENGU_USDC_PERP	+0.0100%	1h	0.008885	+1.092%	$297K	$328K	10x	as long as short
Variational Omni PENGU	+0.0100%	4h	0.008894	+1.193%	$928K	$1.0M	—	as long as short
GRVT PENGU_USDT_Perp	+0.0100%	4h	0.008910	+1.377%	$474K	$2.1M	10x	as long as short
ApeX Omni PENGUUSDT	+0.0100%	1h	0.008925	+1.547%	$81K	$251K	50x	as long as short
Orderly PERP_PENGU_USDC	+0.0100%	4h	0.008921	+1.502%	$23K	$108K	20x	as long as short
SunX PENGU-USDT	+0.0100%	4h	0.009131	+3.891%	$3K	$2.1M	10x	as long as short
SoDEX PENGU-USD	+0.0100%	1h	0.008917	+1.456%	$1K	$5K	5x	as long as short
HTX PENGU-USDT	+0.0100%	4h	0.008939	+1.707%	$93K	$378K	25x	as long as short
Extended PENGU-USD	+0.0104%	1h	0.008913	+1.406%	$184K	$943K	10x	as long as short
Aevo PENGU-PERP	+0.0104%	1h	0.008908	+1.354%	$206K	—	3x	as long as short
Reya PENGURUSDPERPshort	+0.0239%	1h	0.008927	+1.571%	$301	—	10x
BloFin PENGU-USDT	+0.0340%	4h	0.008919	+1.479%	$1.5M	$4.1M	75x	as long as short
GMX PENGU/USD [WBTC.b-USDC]	L +0.0502% / S −0.0415%	1h	0.008922	+1.513%	$127K	—	100x	as long as short
Kraken Futures PF_PENGUUSD	+0.0613%	1h	0.008923	+1.527%	$326K	$2.4M	50x	as long as short
Coinbase International PENGU-PERP-INTX	+0.2704%	1h	0.008940	+1.718%	$94K	$62K	50x	as long as short