PENGU

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0373%/8h= +40.8% APRnext payment +$0.47 per $10,000 · paid last 24h −0.043%

Price spread now: Kraken Futures against Reya+0.239%48s7-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 Kraken Futures

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 +$11 a day on $10k at the current rate, and Kraken Futures is 0.239% dearer against Reya than usual: you sell high and buy low: +$24 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 48 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Reya PENGURUSDPERP	0.008922	0.0239	pay 0.0030% / 1h	16m 32s	$301	—	10x
Short	Kraken Futures PF_PENGUUSD	0.008944	0.0612	get 0.0076% / 1h	16m 32s	$327K	$2.4M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures 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 Kraken FuturesbpOrdersPrice spread, now +0.239%Rate

Funding earned: $78.23
Price spread: +0.239% → 0.000%: $23.91
Slippage, 4 orders: no order book: not counted
Fee Reya: 3 bp × 2 orders: −$6
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: $86.13
Costs to cover: 0.160%
Break-even: from the start

Slippage unknown: Reya: no order-book sample; Kraken Futures: live order book, 2 min ago. 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 Kraken Futures live order book, 2 min ago	4.47 bp	18.0 bp −$18	52.2 bp −$522	doesn't fit	doesn't fit

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	0.008938	+0.177%	$19K	$10K	10x	as long as short
gTrade (Gains Network) PENGU/USD	L +0.0007% / S −0.0003%	1h	0.008930	+0.092%	$33K	—	150x	as long as short
Gate PENGU_USDT	+0.0030%	4h	0.008928	+0.065%	$3.3M	$16.5M	75x	as long as short
Injective PENGU/USDC PERP	+0.0033%	1h	0.008789	−1.493%	$3K	$117K	5.5x	as long as short
dYdX PENGU-USD	+0.0056%	1h	0.008930	+0.089%	$12K	$5K	5x	as long as short
01 Exchange PENGUUSD	+0.0088%	1h	0.008931	+0.099%	$204	$64	5x	as long as short
Lighter PENGU	+0.0096%	1h	0.008934	+0.132%	$325K	$752K	8x	as long as short
Nado PENGU-PERP	+0.0100%	1h	0.008924	+0.026%	$599K	$1.1M	5x	as long as short
Hyperliquid PENGU	+0.0100%	1h	0.008933	+0.121%	$8.5M	$15.1M	5x	as long as short
Aster PENGUUSDT	+0.0100%	4h	0.008932	+0.107%	$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	0.008929	+0.076%	$136K	$273K	5x	as long as short
Binance PENGUUSDT	+0.0100%	4h	0.008929	+0.079%	$37.9M	$172.8M	75x	as long as short
Bybit PENGUUSDT	+0.0100%	4h	0.008921	−0.014%	$23.7M	$41.2M	75x	as long as short
OKX PENGU-USDT-SWAP	+0.0100%	4h	0.008922	−0.002%	$7.8M	$50.3M	50x	as long as short
Arcus PENGU-USD	+0.0100%	1h	0.008930	+0.087%	$19K	$25K	5x	as long as short
MEXC PENGU_USDT	+0.0100%	4h	0.008931	+0.099%	$10.9M	$12.7M	125x	as long as short
KuCoin PENGUUSDTM	+0.0100%	4h	0.008927	+0.054%	$4.9M	$9.5M	75x	as long as short
Bitget PENGUUSDT	+0.0100%	4h	0.008929	+0.076%	$8.6M	$13.1M	75x	as long as short
BingX PENGU-USDT	+0.0100%	4h	0.008928	+0.065%	—	$3.5M	—	as long as short
Backpack PENGU_USDC_PERP	+0.0100%	1h	0.008926	+0.043%	$298K	$327K	10x	as long as short
Variational Omni PENGU	+0.0100%	4h	0.008908	−0.160%	$930K	$1.0M	—	as long as short
GRVT PENGU_USDT_Perp	+0.0100%	4h	0.008907	−0.174%	$474K	$2.1M	10x	as long as short
ApeX Omni PENGUUSDT	+0.0100%	1h	0.008925	+0.031%	$81K	$252K	50x	as long as short
Orderly PERP_PENGU_USDC	+0.0100%	4h	0.008934	+0.132%	$23K	$111K	20x	as long as short
SunX PENGU-USDT	+0.0100%	4h	0.009141	+2.452%	$3K	$2.1M	10x	as long as short
SoDEX PENGU-USD	+0.0100%	1h	0.008935	+0.143%	$1K	$5K	5x	as long as short
HTX PENGU-USDT	+0.0100%	4h	0.008957	+0.390%	$93K	$378K	25x	as long as short
Extended PENGU-USD	+0.0104%	1h	0.008928	+0.071%	$184K	$943K	10x	as long as short
Aevo PENGU-PERP	+0.0104%	1h	0.008929	+0.076%	$206K	—	3x	as long as short
Reya PENGURUSDPERPlong	+0.0239%	1h	0.008922	long leg	$301	—	10x
BloFin PENGU-USDT	+0.0340%	4h	0.008932	+0.110%	$1.5M	$4.2M	75x	as long as short
GMX PENGU/USD [WBTC.b-USDC]	L +0.0502% / S −0.0415%	1h	0.008931	+0.099%	$127K	—	100x	as long as short
Kraken Futures PF_PENGUUSDshort	+0.0612%	1h	0.008944	+0.239%	$327K	$2.4M	50x
Coinbase International PENGU-PERP-INTX	+0.2704%	1h	0.008982	+0.670%	$95K	$63K	50x	as long as short