PENGU

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0136%/8h= +14.9% APRnext payment +$0.17 per $10,000 · paid last 24h +0.039%

Price spread now: Reya against Aevo−0.036%7-day average — · you buy dearer than you sell

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

Long on Aevo Short on Reya

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. Reya is 0.036% cheaper against Aevo than usual: you would sell low and buy high (spread −0.036% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$4 on $10k: about 21 hours of funding at the current rate (+$4 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aevo PENGU-PERP	0.008745	0.0104	pay 0.0013% / 1h	27m 58s	$202K	—	3x
Short	Reya PENGURUSDPERP	0.008742	0.0240	get 0.0030% / 1h	27m 58s	$295	—	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Reya against Aevo. 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 AevobpFee ReyabpOrdersPrice spread, now −0.036%Rate

Funding earned: $28.49
Price spread: −0.036% → 0.000%: −$3.64
Slippage, 4 orders: no order book: not counted
Fee Aevo: 8 bp × 2 orders: −$16
Fee Reya: 3 bp × 2 orders: −$6
Net: $2.85
Costs to cover: 0.220%
Break-even: 6.3 days

Slippage unknown: Aevo: live order book, 21 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 Aevo live order book, 21 min ago	68.10 bp	83.7 bp −$84	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 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	0.008753	+0.091%	$17K	$12K	10x	as long as short
gTrade (Gains Network) PENGU/USD	L +0.0007% / S −0.0003%	1h	0.008742	−0.030%	$32K	—	150x	as long as short
Injective PENGU/USDC PERP	+0.0033%	1h	0.008789	+0.503%	$3K	$117K	5.5x	as long as short
Lighter PENGU	+0.0096%	1h	0.008758	+0.149%	$317K	$750K	8x	as long as short
Hyperliquid PENGU	+0.0100%	1h	0.008764	+0.217%	$8.0M	$15.3M	5x	as long as short
Aster PENGUUSDT	+0.0100%	4h	0.008758	+0.150%	$120K	$667K	20x	as long as short
Pacifica PENGU	+0.0100%	1h	0.008747	+0.023%	$133K	$274K	5x	as long as short
Binance PENGUUSDT	+0.0100%	4h	0.008753	+0.097%	$36.9M	$177.1M	75x	as long as short
Bybit PENGUUSDT	+0.0100%	4h	0.008746	+0.011%	$23.2M	$41.8M	75x	as long as short
OKX PENGU-USDT-SWAP	+0.0100%	4h	0.008750	+0.057%	$7.5M	$50.4M	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	+0.057%	$18K	$25K	5x	as long as short
Gate PENGU_USDT	+0.0100%	4h	0.008753	+0.091%	$3.3M	$16.5M	75x	as long as short
MEXC PENGU_USDT	+0.0100%	4h	0.008750	+0.057%	$10.4M	$12.6M	125x	as long as short
KuCoin PENGUUSDTM	+0.0100%	4h	0.008755	+0.114%	$4.9M	$9.7M	75x	as long as short
Bitget PENGUUSDT	+0.0100%	4h	0.008754	+0.103%	$8.3M	$13.4M	75x	as long as short
BingX PENGU-USDC	+0.0100%	4h	0.008755	+0.114%	—	$2.3M	—	as long as short
Backpack PENGU_USDC_PERP	+0.0100%	1h	0.008753	+0.091%	$288K	$339K	10x	as long as short
Variational Omni PENGU	+0.0100%	4h	0.008739	−0.067%	$912K	$1.0M	—	as long as short
GRVT PENGU_USDT_Perp	+0.0100%	4h	0.008745	+0.004%	$457K	$2.1M	10x	as long as short
ApeX Omni PENGUUSDT	+0.0100%	1h	0.008731	−0.160%	$79K	$250K	50x	as long as short
Nado PENGU-PERP	+0.0100%	1h	0.008741	−0.046%	$586K	$1.1M	5x	as long as short
Orderly PERP_PENGU_USDC	+0.0100%	4h	0.008751	+0.069%	$23K	$166K	20x	as long as short
SunX PENGU-USDT	+0.0100%	4h	0.008947	+2.310%	$3K	$2.1M	10x	as long as short
SoDEX PENGU-USD	+0.0100%	1h	0.008754	+0.103%	$1K	$5K	5x	as long as short
HTX PENGU-USDT	+0.0100%	4h	0.008765	+0.229%	$91K	$392K	25x	as long as short
Extended PENGU-USD	+0.0104%	1h	0.008747	+0.023%	$182K	$872K	10x	as long as short
Aevo PENGU-PERPlong	+0.0104%	1h	0.008745	long leg	$202K	—	3x
01 Exchange PENGUUSD	+0.0176%	1h	0.008752	+0.080%	$200	$64	5x	as long as short
dYdX PENGU-USD	+0.0193%	1h	0.008752	+0.078%	$12K	$6K	5x	as long as short
Reya PENGURUSDPERPshort	+0.0240%	1h	0.008742	−0.036%	$295	—	10x
Kraken Futures PF_PENGUUSD	+0.0322%	1h	0.008757	+0.133%	$319K	$2.4M	50x	as long as short
BloFin PENGU-USDT	+0.0340%	4h	0.008774	+0.332%	$1.5M	$4.4M	75x	as long as short
GMX PENGU/USD [WBTC.b-USDC]	L +0.0500% / S −0.0466%	1h	0.008743	−0.023%	$121K	—	100x	as long as short
Coinbase International PENGU-PERP-INTX	+0.1752%	1h	0.008825	+0.915%	$78K	$76K	50x	as long as short