PENGU

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0051%/8h= +5.6% APRnext payment +$0.06 per $10,000 · paid last 24h +0.075%

Price spread now: GMX against Reya−0.068%7-day average — · you buy dearer than you sell

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

Long on Reya Short on GMX

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

Funding pays, the price is against you. GMX is 0.068% cheaper against Reya than usual: you would sell low and buy high (spread −0.068% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$7 on $10k: about 4.4 days of funding at the current rate (+$2 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Reya PENGURUSDPERP	0.009075	0.0240	pay 0.0030% / 1h	5m 52s	$306	—	10x
Short	GMX PENGU/USD [WBTC.b-USDC]	0.009069	L +0.0390% / S −0.0291%	get 0.0036% / 1h	5m 52s	$92K	—	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX 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 GMXbpOrdersPrice spread, now −0.068%Rate

Funding earned: $10.74
Price spread: −0.068% → 0.000%: −$6.82
Slippage, 4 orders: no order book: not counted
Fee Reya: 3 bp × 2 orders: −$6
Fee GMX: 6 bp × 2 orders: −$12
Net: −$14.07
Costs to cover: 0.180%
Break-even: 16.2 days

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

Reya and GMX: 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	0.009072	−0.038%	$33K	—	150x	as long as short
Injective PENGU/USDC PERP	+0.0033%	1h	0.008789	−3.153%	$3K	$117K	5.5x	as long as short
Lighter PENGU	+0.0096%	1h	0.009091	+0.174%	$334K	$759K	8x	as long as short
Nado PENGU-PERP	+0.0100%	1h	0.009074	−0.013%	$634K	$1.1M	5x	as long as short
Hyperliquid PENGU	+0.0100%	1h	0.009099	+0.262%	$9.4M	$15.8M	5x	as long as short
Aster PENGUUSDT	+0.0100%	4h	0.009085	+0.108%	$121K	$691K	20x	as long as short
Pacifica PENGU	+0.0100%	1h	0.009085	+0.108%	$139K	$285K	5x	as long as short
Binance PENGUUSDT	+0.0100%	4h	0.009088	+0.145%	$39.7M	$183.6M	75x	as long as short
Bybit PENGUUSDT	+0.0100%	4h	0.009072	−0.035%	$24.0M	$43.1M	75x	as long as short
OKX PENGU-USDT-SWAP	+0.0100%	4h	0.009078	+0.031%	$7.9M	$53.8M	50x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Arcus PENGU-USD	+0.0100%	1h	0.009090	+0.163%	$18K	$26K	5x	as long as short
Gate PENGU_USDT	+0.0100%	4h	0.009079	+0.042%	$3.4M	$16.9M	75x	as long as short
MEXC PENGU_USDT	+0.0100%	4h	0.009085	+0.108%	$11.0M	$12.8M	125x	as long as short
KuCoin PENGUUSDTM	+0.0100%	4h	0.009084	+0.097%	$5.2M	$9.9M	75x	as long as short
Bitget PENGUUSDT	+0.0100%	4h	0.009087	+0.130%	$8.7M	$13.7M	75x	as long as short
BingX PENGU-USDC	+0.0100%	4h	0.009075	−0.002%	—	$2.3M	—	as long as short
Backpack PENGU_USDC_PERP	+0.0100%	1h	0.009084	+0.097%	$297K	$359K	10x	as long as short
Variational Omni PENGU	+0.0100%	4h	0.009068	−0.080%	$924K	$1.1M	—	as long as short
GRVT PENGU_USDT_Perp	+0.0100%	4h	0.009071	−0.046%	$478K	$2.1M	10x	as long as short
ApeX Omni PENGUUSDT	+0.0100%	1h	0.009070	−0.057%	$82K	$250K	50x	as long as short
Orderly PERP_PENGU_USDC	+0.0100%	4h	0.009088	+0.141%	$23K	$187K	20x	as long as short
SunX PENGU-USDT	+0.0100%	4h	0.009299	+2.466%	$3K	$2.2M	10x	as long as short
SoDEX PENGU-USD	+0.0100%	1h	0.009086	+0.119%	$1K	$5K	5x	as long as short
HTX PENGU-USDT	+0.0100%	4h	0.009095	+0.218%	$94K	$401K	25x	as long as short
Extended PENGU-USD	+0.0104%	1h	0.009078	+0.036%	$187K	$841K	10x	as long as short
Aevo PENGU-PERP	+0.0104%	1h	0.009085	+0.108%	$210K	—	3x	as long as short
Deribit PENGU_USDC-PERPETUAL	+0.0190%	1h	0.009086	+0.119%	$1K	$29K	10x	as long as short
Reya PENGURUSDPERPlong	+0.0240%	1h	0.009075	long leg	$306	—	10x
01 Exchange PENGUUSD	+0.0264%	1h	0.009087	+0.130%	$208	$64	5x	as long as short
dYdX PENGU-USD	+0.0268%	1h	0.009079	+0.046%	$12K	$6K	5x	as long as short
Kraken Futures PF_PENGUUSD	+0.0310%	1h	0.009097	+0.243%	$339K	$2.5M	50x	as long as short
BloFin PENGU-USDT	+0.0340%	4h	0.009095	+0.218%	$1.5M	$4.9M	75x	as long as short
GMX PENGU/USD [WBTC.b-USDC]short	L +0.0390% / S −0.0291%	1h	0.009069	−0.068%	$92K	—	100x
Coinbase International PENGU-PERP-INTX	+0.1752%	1h	0.009185	+1.210%	$81K	$80K	50x	as long as short