PENGU

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0240%/8h= −26.2% APRnext payment −$0.30 per $10,000 · paid last 24h −0.094%

Price spread now: Deribit against Reya+0.077%7-day average — · you sell dearer than you buy

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

Long on Reya Short on Deribit

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

The price spread pays, funding is against you. Deribit is 0.077% dearer against Reya than usual: you sell high and buy low (spread +0.077% now, against zero (this spread has no 7-day history yet)): +$8 on $10k if it goes back. Holding the pair costs −$7 a day in funding at the current rate, which eats that in about 26 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Reya PENGURUSDPERP	0.008802	0.0240	pay 0.0030% / 1h	49m 19s	$297	—	10x
Short	Deribit PENGU_USDC-PERPETUAL	0.008809	0	get 0.0000% / 1h	49m 19s	$18K	$10K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit against Reya. 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 ReyabpFee DeribitbpOrdersPrice spread, now +0.077%Rate

Funding earned: −$50.3
Price spread: +0.077% → 0.000%: $7.7
Slippage, 4 orders: no order book: not counted
Fee Reya: 3 bp × 2 orders: −$6
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$55.61
Costs to cover: 0.130%
Break-even: never at this rate

Slippage unknown: Reya: no order-book sample; Deribit: 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 Reya no order-book sample	—	—	—	—	—
Sell Deribit no order-book sample	—	—	—	—	—

Reya and Deribit: 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-PERPETUALshort	0.0000%	1h	0.008809	+0.077%	$18K	$10K	10x
gTrade (Gains Network) PENGU/USD	L +0.0007% / S −0.0003%	1h	0.008805	+0.030%	$32K	—	150x	as long as short
Injective PENGU/USDC PERP	+0.0033%	1h	0.008789	−0.150%	$3K	$117K	5.5x	as long as short
Gate PENGU_USDT	+0.0066%	4h	0.008800	−0.025%	$3.3M	$16.4M	75x	as long as short
Lighter PENGU	+0.0096%	1h	0.008808	+0.066%	$319K	$749K	8x	as long as short
Nado PENGU-PERP	+0.0100%	1h	0.008802	−0.003%	$591K	$1.1M	5x	as long as short
Hyperliquid PENGU	+0.0100%	1h	0.008805	+0.032%	$8.1M	$15.3M	5x	as long as short
Aster PENGUUSDT	+0.0100%	4h	0.008807	+0.054%	$121K	$667K	20x	as long as short
Pacifica PENGU	+0.0100%	1h	0.008803	+0.009%	$133K	$274K	5x	as long as short
Binance PENGUUSDT	+0.0100%	4h	0.008807	+0.054%	$37.2M	$175.6M	75x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit PENGUUSDT	+0.0100%	4h	0.008797	−0.059%	$23.4M	$41.6M	75x	as long as short
OKX PENGU-USDT-SWAP	+0.0100%	4h	0.008808	+0.066%	$7.6M	$50.2M	50x	as long as short
Arcus PENGU-USD	+0.0100%	1h	0.008800	−0.025%	$19K	$25K	5x	as long as short
MEXC PENGU_USDT	+0.0100%	4h	0.008804	+0.020%	$10.5M	$12.6M	125x	as long as short
KuCoin PENGUUSDTM	+0.0100%	4h	0.008801	−0.014%	$4.9M	$9.7M	75x	as long as short
Bitget PENGUUSDT	+0.0100%	4h	0.008808	+0.066%	$8.5M	$13.2M	75x	as long as short
BingX PENGU-USDT	+0.0100%	4h	0.008801	−0.014%	—	$3.6M	—	as long as short
Backpack PENGU_USDC_PERP	+0.0100%	1h	0.008794	−0.093%	$291K	$337K	10x	as long as short
Variational Omni PENGU	+0.0100%	4h	0.008817	+0.167%	$923K	$1.0M	—	as long as short
GRVT PENGU_USDT_Perp	+0.0100%	4h	0.008823	+0.235%	$466K	$2.1M	10x	as long as short
ApeX Omni PENGUUSDT	+0.0100%	1h	0.008821	+0.213%	$80K	$251K	50x	as long as short
Orderly PERP_PENGU_USDC	+0.0100%	4h	0.008807	+0.054%	$23K	$142K	20x	as long as short
SunX PENGU-USDT	+0.0100%	4h	0.009017	+2.440%	$3K	$2.1M	10x	as long as short
SoDEX PENGU-USD	+0.0100%	1h	0.008802	−0.003%	$1K	$5K	5x	as long as short
HTX PENGU-USDT	+0.0100%	4h	0.008833	+0.350%	$91K	$378K	25x	as long as short
Extended PENGU-USD	+0.0104%	1h	0.008803	+0.010%	$182K	$865K	10x	as long as short
Aevo PENGU-PERP	+0.0104%	1h	0.008800	−0.025%	$203K	—	3x	as long as short
01 Exchange PENGUUSD	+0.0184%	1h	0.008801	−0.014%	$201	$64	5x	as long as short
dYdX PENGU-USD	+0.0185%	1h	0.008804	+0.020%	$12K	$6K	5x	as long as short
Reya PENGURUSDPERPlong	+0.0240%	1h	0.008802	long leg	$297	—	10x
Kraken Futures PF_PENGUUSD	+0.0321%	1h	0.008807	+0.053%	$323K	$2.4M	50x	as long as short
BloFin PENGU-USDT	+0.0340%	4h	0.008821	+0.213%	$1.5M	$4.1M	75x	as long as short
GMX PENGU/USD [WBTC.b-USDC]	L +0.0540% / S −0.0526%	1h	0.008806	+0.043%	$133K	—	100x	as long as short
Coinbase International PENGU-PERP-INTX	+0.1752%	1h	0.008847	+0.509%	$93K	$58K	50x	as long as short