Funding arb · Price arb /

PENGU

all PENGU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0101%/8h= −11.1% APRpaid last 24h −0.032%

Price spread now: Reya against BloFin+0.001%7-day average — · you sell dearer than you buy

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

Long on BloFin 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

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: −$3 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin PENGU-USDT	0.008758	0.0340	pay 0.0170% / 4h	1h 30m	$1.5M	$3.3M	75x
Short	Reya PENGURUSDPERP	0.008758	0.0239	get 0.0030% / 1h	30m 42s	$296	—	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Reya against BloFin. 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 BloFinbpFee ReyabpOrdersPrice spread, now +0.001%Rate

Funding earned: −$21.29
Price spread: +0.001% → 0.000%: $0.11
Slippage, 4 orders: no order book: not counted
Fee BloFin: 6 bp × 2 orders: −$12
Fee Reya: 3 bp × 2 orders: −$6
Net: −$39.17
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: BloFin: live order book, 3 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 BloFin live order book, 3 min ago	0.57 bp	7.7 bp −$8	16.6 bp −$166	37.1 bp −$3,711	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
01 Exchange PENGUUSD	−0.0048%	1h	0.008763	+0.057%	$200	$64	5x	as long as short
Gate PENGU_USDT	−0.0016%	4h	0.008760	+0.023%	$3.3M	$15.6M	75x	as long as short
Deribit PENGU_USDC-PERPETUAL	0.0000%	1h	0.008765	+0.080%	$18K	$10K	10x	as long as short
gTrade (Gains Network) PENGU/USD	L +0.0007% / S −0.0003%	1h	0.008763	+0.054%	$32K	—	150x	as long as short
Injective PENGU/USDC PERP	+0.0033%	1h	0.008789	+0.354%	$3K	$117K	5.5x	as long as short
Lighter PENGU	+0.0096%	1h	0.008766	+0.091%	$311K	$709K	8x	as long as short
Orderly PERP_PENGU_USDC	+0.0099%	4h	0.008765	+0.080%	$23K	$166K	20x	as long as short
Nado PENGU-PERP	+0.0100%	1h	0.008759	+0.011%	$587K	$1.0M	5x	as long as short
Hyperliquid PENGU	+0.0100%	1h	0.008768	+0.114%	$8.2M	$14.6M	5x	as long as short
Aster PENGUUSDT	+0.0100%	4h	0.008769	+0.131%	$121K	$577K	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	0.008763	+0.057%	$154K	$243K	5x	as long as short
Binance PENGUUSDT	+0.0100%	4h	0.008764	+0.064%	$36.6M	$160.1M	75x	as long as short
Bybit PENGUUSDT	+0.0100%	4h	0.008757	−0.011%	$23.3M	$38.7M	75x	as long as short
OKX PENGU-USDT-SWAP	+0.0100%	4h	0.008758	0.000%	$7.5M	$46.4M	50x	as long as short
Arcus PENGU-USD	+0.0100%	1h	0.008760	+0.023%	$19K	$24K	5x	as long as short
MEXC PENGU_USDT	+0.0100%	4h	0.008766	+0.091%	$11.4M	$12.4M	125x	as long as short
KuCoin PENGUUSDTM	+0.0100%	4h	0.008764	+0.069%	$4.8M	$9.1M	75x	as long as short
Bitget PENGUUSDT	+0.0100%	4h	0.008764	+0.069%	$8.3M	$12.4M	75x	as long as short
BingX PENGU-USDT	+0.0100%	4h	0.008763	+0.057%	—	$3.6M	—	as long as short
Backpack PENGU_USDC_PERP	+0.0100%	1h	0.008767	+0.103%	$300K	$274K	10x	as long as short
Variational Omni PENGU	+0.0100%	4h	0.008753	−0.060%	$870K	$985K	—	as long as short
GRVT PENGU_USDT_Perp	+0.0100%	4h	0.008750	−0.090%	$468K	$2.0M	10x	as long as short
ApeX Omni PENGUUSDT	+0.0100%	1h	0.008743	−0.171%	$80K	$243K	50x	as long as short
SunX PENGU-USDT	+0.0100%	4h	0.008968	+2.398%	$2K	$2.0M	10x	as long as short
SoDEX PENGU-USD	+0.0100%	1h	0.008765	+0.080%	$1K	$5K	5x	as long as short
HTX PENGU-USDT	+0.0100%	4h	0.008781	+0.263%	$91K	$349K	25x	as long as short
Extended PENGU-USD	+0.0104%	1h	0.008756	−0.023%	$180K	$941K	10x	as long as short
Aevo PENGU-PERP	+0.0104%	1h	0.008755	−0.034%	$202K	—	3x	as long as short
dYdX PENGU-USD	+0.0212%	1h	0.008763	+0.053%	$12K	$4K	5x	as long as short
Reya PENGURUSDPERPshort	+0.0239%	1h	0.008758	+0.001%	$296	—	10x
BloFin PENGU-USDTlong	+0.0340%	4h	0.008758	long leg	$1.5M	$3.3M	75x
GMX PENGU/USD [WBTC.b-USDC]	L +0.0555% / S −0.0662%	1h	0.008764	+0.069%	$131K	—	100x	as long as short
Kraken Futures PF_PENGUUSD	+0.0648%	1h	0.008773	+0.170%	$354K	$2.3M	50x	as long as short
Coinbase International PENGU-PERP-INTX	+0.2296%	1h	0.008967	+2.386%	$95K	$94K	50x	as long as short