PENGU

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC+0.0141%/8h= +15.5% APRnext payment +$0.18 per $10,000 · paid last 24h +0.041%

Price spread now: Reya against Pacifica+0.126%7-day average — · you sell dearer than you buy

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

Long on Pacifica Short on Reya

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropPacifica: Active · Reya: Active · farm boardneeds both histories

Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and Reya is 0.126% dearer against Pacifica than usual: you sell high and buy low: +$13 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	Pacifica PENGU	0.009084	0.0100	pay 0.0013% / 1h	56m 50s	$137K	$225K	5x
Short	Reya PENGURUSDPERP	0.009095	0.0241	get 0.0030% / 1h	56m 50s	$307	—	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Reya against Pacifica. 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 PacificabpFee ReyabpOrdersPrice spread, now +0.126%Rate

Funding earned: $29.65
Price spread: +0.126% → 0.000%: $12.56
Slippage, 4 orders: no order book: not counted
Fee Pacifica: 4 bp × 2 orders: −$8
Fee Reya: 3 bp × 2 orders: −$6
Net: $28.21
Costs to cover: 0.140%
Break-even: 0.3 days

Slippage unknown: Pacifica: live order book, 54 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 Pacifica live order book, 54 min ago	4.95 bp	doesn't fit	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 exchanges

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
dYdX PENGU-USD	0.0000%	1h	0.009086	+0.019%	$20K	$21K	5x	as long as short
gTrade (Gains Network) PENGU/USD	L +0.0007% / S −0.0003%	1h	0.009099	+0.170%	$33K	—	150x	as long as short
Injective PENGU/USDC PERP	+0.0033%	1h	0.008789	−3.247%	$3K	$117K	5.5x	as long as short
Kraken Futures PF_PENGUUSD	+0.0063%	1h	0.009106	+0.239%	$333K	$2.6M	50x	as long as short
Lighter PENGU	+0.0096%	1h	0.009105	+0.231%	$326K	$699K	8x	as long as short
Nado PENGU-PERP	+0.0100%	1h	0.009098	+0.160%	$653K	$1.1M	5x	as long as short
Aster PENGUUSDT	+0.0100%	4h	0.009104	+0.220%	$136K	$774K	20x	as long as short
Pacifica PENGUlong	+0.0100%	1h	0.009084	long leg	$137K	$225K	5x
Binance PENGUUSDT	+0.0100%	4h	0.009104	+0.225%	$40.1M	$192.3M	75x	as long as short
Bybit PENGUUSDT	+0.0100%	4h	0.009097	+0.143%	$24.7M	$46.6M	75x	as long as short

Show all 34 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX PENGU-USDT-SWAP	+0.0100%	4h	0.009106	+0.242%	$8.4M	$56.6M	50x	as long as short
Arcus PENGU-USD	+0.0100%	1h	0.009100	+0.176%	$18K	$26K	5x	as long as short
Gate PENGU_USDT	+0.0100%	4h	0.009100	+0.176%	$3.7M	$17.8M	75x	as long as short
MEXC PENGU_USDT	+0.0100%	4h	0.009101	+0.187%	$12.3M	$12.3M	125x	as long as short
KuCoin PENGUUSDTM	+0.0100%	4h	0.009101	+0.187%	$5.2M	$10.5M	75x	as long as short
Bitget PENGUUSDT	+0.0100%	4h	0.009114	+0.330%	$8.8M	$14.3M	75x	as long as short
BingX PENGU-USDC	+0.0100%	4h	0.009092	+0.088%	—	$2.3M	—	as long as short
Backpack PENGU_USDC_PERP	+0.0100%	1h	0.009096	+0.132%	$305K	$365K	10x	as long as short
Variational Omni PENGU	+0.0100%	4h	0.009084	+0.004%	$917K	$1.2M	—	as long as short
GRVT PENGU_USDT_Perp	+0.0100%	4h	0.009099	+0.164%	$480K	$2.1M	10x	as long as short
ApeX Omni PENGUUSDT	+0.0100%	1h	0.009101	+0.187%	$82K	$248K	50x	as long as short
Orderly PERP_PENGU_USDC	+0.0100%	4h	0.009102	+0.198%	$23K	$357K	20x	as long as short
SunX PENGU-USDT	+0.0100%	4h	0.009322	+2.620%	$3K	$2.0M	10x	as long as short
SoDEX PENGU-USD	+0.0100%	1h	0.009100	+0.176%	$1K	$5K	5x	as long as short
HTX PENGU-USDT	+0.0100%	4h	0.009112	+0.308%	$93K	$368K	25x	as long as short
Extended PENGU-USD	+0.0104%	1h	0.009095	+0.121%	$186K	$743K	10x	as long as short
Aevo PENGU-PERP	+0.0104%	1h	0.009100	+0.176%	$210K	—	3x	as long as short
Hyperliquid PENGU	+0.0177%	1h	0.009120	+0.396%	$9.8M	$17.0M	5x	as long as short
Deribit PENGU_USDC-PERPETUAL	+0.0190%	1h	0.009105	+0.231%	$1K	$27K	10x	as long as short
Reya PENGURUSDPERPshort	+0.0241%	1h	0.009095	+0.126%	$307	—	10x
01 Exchange PENGUUSD	+0.0312%	1h	0.009108	+0.264%	$208	$141	5x	as long as short
BloFin PENGU-USDT	+0.0340%	4h	0.009105	+0.231%	$1.6M	$5.3M	75x	as long as short
GMX PENGU/USD [WBTC.b-USDC]	L +0.0434% / S −0.0357%	1h	0.009102	+0.198%	$105K	—	100x	as long as short
Coinbase International PENGU-PERP-INTX	+0.2136%	1h	0.009222	+1.519%	$84K	$95K	50x	as long as short