PENGU

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0140%/8h= −15.3% APRnext payment −$0.17 per $10,000 · paid last 24h −0.041%

Price spread now: SoDEX against Reya−0.135%50s7-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 SoDEX

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 against this trade now: funding costs −$4 a day on $10k at the current rate, and SoDEX is 0.135% cheaper against Reya than usual: you would sell low and buy high (−$13 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 50 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	0.008756	0.0240	pay 0.0030% / 1h	26m 29s	$296	—	10x
Short	SoDEX PENGU-USD	0.008744	0.0100	get 0.0013% / 1h	26m 29s	$1K	$5K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SoDEX 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 SoDEXbpOrdersPrice spread, now −0.135%Rate

Funding earned: −$29.33
Price spread: −0.135% → 0.000%: −$13.5
Slippage, 4 orders: no order book: not counted
Fee Reya: 3 bp × 2 orders: −$6
Fee SoDEX: 4 bp × 2 orders: −$8
Net: −$56.83
Costs to cover: 0.140%
Break-even: never at this rate

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

Reya and SoDEX: 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	0.008748	−0.089%	$17K	$12K	10x	as long as short
gTrade (Gains Network) PENGU/USD	L +0.0007% / S −0.0003%	1h	0.008749	−0.080%	$32K	—	150x	as long as short
Injective PENGU/USDC PERP	+0.0033%	1h	0.008789	+0.379%	$3K	$117K	5.5x	as long as short
Lighter PENGU	+0.0096%	1h	0.008754	−0.021%	$317K	$750K	8x	as long as short
Hyperliquid PENGU	+0.0100%	1h	0.008759	+0.036%	$8.0M	$15.3M	5x	as long as short
Aster PENGUUSDT	+0.0100%	4h	0.008755	−0.009%	$120K	$667K	20x	as long as short
Pacifica PENGU	+0.0100%	1h	0.008750	−0.066%	$133K	$274K	5x	as long as short
Binance PENGUUSDT	+0.0100%	4h	0.008754	−0.021%	$36.9M	$177.0M	75x	as long as short
Bybit PENGUUSDT	+0.0100%	4h	0.008745	−0.124%	$23.2M	$41.9M	75x	as long as short
OKX PENGU-USDT-SWAP	+0.0100%	4h	0.008747	−0.101%	$7.5M	$50.5M	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	0.008750	−0.066%	$18K	$26K	5x	as long as short
Gate PENGU_USDT	+0.0100%	4h	0.008748	−0.089%	$3.3M	$16.5M	75x	as long as short
MEXC PENGU_USDT	+0.0100%	4h	0.008751	−0.055%	$10.4M	$12.6M	125x	as long as short
KuCoin PENGUUSDTM	+0.0100%	4h	0.008746	−0.112%	$4.9M	$9.7M	75x	as long as short
Bitget PENGUUSDT	+0.0100%	4h	0.008756	+0.002%	$8.3M	$13.4M	75x	as long as short
BingX PENGU-USDC	+0.0100%	4h	0.008751	−0.055%	—	$2.3M	—	as long as short
Backpack PENGU_USDC_PERP	+0.0100%	1h	0.008741	−0.169%	$288K	$339K	10x	as long as short
Variational Omni PENGU	+0.0100%	4h	0.008739	−0.190%	$912K	$1.0M	—	as long as short
GRVT PENGU_USDT_Perp	+0.0100%	4h	0.008762	+0.071%	$458K	$2.1M	10x	as long as short
ApeX Omni PENGUUSDT	+0.0100%	1h	0.008769	+0.151%	$79K	$250K	50x	as long as short
Nado PENGU-PERP	+0.0100%	1h	0.008752	−0.044%	$587K	$1.1M	5x	as long as short
Orderly PERP_PENGU_USDC	+0.0100%	4h	0.008751	−0.055%	$23K	$167K	20x	as long as short
SunX PENGU-USDT	+0.0100%	4h	0.008962	+2.355%	$3K	$2.1M	10x	as long as short
SoDEX PENGU-USDshort	+0.0100%	1h	0.008744	−0.135%	$1K	$5K	5x
HTX PENGU-USDT	+0.0100%	4h	0.008766	+0.116%	$91K	$392K	25x	as long as short
Extended PENGU-USD	+0.0104%	1h	0.008750	−0.066%	$182K	$872K	10x	as long as short
Aevo PENGU-PERP	+0.0104%	1h	0.008749	−0.078%	$202K	—	3x	as long as short
01 Exchange PENGUUSD	+0.0168%	1h	0.008756	+0.002%	$200	$64	5x	as long as short
dYdX PENGU-USD	+0.0190%	1h	0.008751	−0.052%	$12K	$6K	5x	as long as short
Reya PENGURUSDPERPlong	+0.0240%	1h	0.008756	long leg	$296	—	10x
Kraken Futures PF_PENGUUSD	+0.0323%	1h	0.008749	−0.075%	$319K	$2.4M	50x	as long as short
BloFin PENGU-USDT	+0.0340%	4h	0.008745	−0.124%	$1.5M	$4.4M	75x	as long as short
GMX PENGU/USD [WBTC.b-USDC]	L +0.0500% / S −0.0466%	1h	0.008748	−0.089%	$121K	—	100x	as long as short
Coinbase International PENGU-PERP-INTX	+0.1752%	1h	0.008825	+0.790%	$78K	$76K	50x	as long as short