PENGU

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0231%/8h= +25.3% APRnext payment +$0.29 per $10,000 · paid last 24h +0.068%

Price spread now: Reya against gTrade (Gains Network)−0.364%56s7-day average — · you buy dearer than you sell

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

Long on gTrade (Gains Network)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 0.364% cheaper against gTrade (Gains Network) than usual: you would sell low and buy high (spread −0.364% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$36 on $10k: about 5.3 days of funding at the current rate (+$7 a day). The two prices were read 56 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	gTrade (Gains Network) PENGU/USD	0.008863	L +0.0007% / S −0.0003%	pay 0.0001% / 1h	2m 33s	$33K	—	150x
Short	Reya PENGURUSDPERP	0.008830	0.0238	get 0.0030% / 1h	2m 33s	$298	—	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Reya against gTrade (Gains Network). 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 gTrade (Gains Network)bpFee ReyabpOrdersPrice spread, now −0.364%Rate

Funding earned: $48.53
Price spread: −0.364% → 0.000%: −$36.42
Slippage, 4 orders: no order book: not counted
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Fee Reya: 3 bp × 2 orders: −$6
Net: −$3.89
Costs to cover: 0.160%
Break-even: 7.6 days

Slippage unknown: gTrade (Gains Network): no order-book sample; 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 gTrade (Gains Network) no order-book sample	—	—	—	—	—
Sell Reya no order-book sample	—	—	—	—	—

gTrade (Gains Network) and 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
Kraken Futures PF_PENGUUSD	−0.0390%	1h	0.008864	+0.014%	$369K	$2.3M	50x	as long as short
01 Exchange PENGUUSD	−0.0168%	1h	0.008828	−0.389%	$202	$59	5x	as long as short
Gate PENGU_USDT	−0.0136%	4h	0.008823	−0.446%	$3.4M	$15.9M	75x	as long as short
Variational Omni PENGU	−0.0108%	4h	0.008910	+0.534%	$920K	$975K	—	as long as short
Deribit PENGU_USDC-PERPETUAL	−0.0088%	1h	0.008863	+0.006%	$18K	$10K	10x	as long as short
gTrade (Gains Network) PENGU/USDlong	L +0.0007% / S −0.0003%	1h	0.008863	long leg	$33K	—	150x
Injective PENGU/USDC PERP	+0.0033%	1h	0.008789	−0.829%	$3K	$117K	5.5x	as long as short
Lighter PENGU	+0.0096%	1h	0.008855	−0.085%	$307K	$733K	8x	as long as short
Orderly PERP_PENGU_USDC	+0.0099%	4h	0.008864	+0.017%	$19K	$177K	20x	as long as short
Hyperliquid PENGU	+0.0100%	1h	0.008833	−0.333%	$8.3M	$15.2M	5x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster PENGUUSDT	+0.0100%	4h	0.008856	−0.072%	$190K	$465K	20x	as long as short
Pacifica PENGU	+0.0100%	1h	0.008843	−0.220%	$153K	$240K	5x	as long as short
Binance PENGUUSDT	+0.0100%	4h	0.008836	−0.296%	$37.4M	$156.4M	75x	as long as short
Bybit PENGUUSDT	+0.0100%	4h	0.008820	−0.480%	$23.1M	$37.7M	75x	as long as short
OKX PENGU-USDT-SWAP	+0.0100%	4h	0.008824	−0.434%	$7.6M	$47.6M	50x	as long as short
Arcus PENGU-USD	+0.0100%	1h	0.008830	−0.367%	$19K	$24K	5x	as long as short
MEXC PENGU_USDT	+0.0100%	4h	0.008841	−0.243%	$12.9M	$12.9M	125x	as long as short
KuCoin PENGUUSDTM	+0.0100%	4h	0.008837	−0.288%	$4.7M	$9.0M	75x	as long as short
Bitget PENGUUSDT	+0.0100%	4h	0.008831	−0.355%	$8.4M	$12.7M	75x	as long as short
BingX PENGU-USDC	+0.0100%	4h	0.008813	−0.559%	—	$2.3M	—	as long as short
Backpack PENGU_USDC_PERP	+0.0100%	1h	0.008840	−0.254%	$303K	$322K	10x	as long as short
GRVT PENGU_USDT_Perp	+0.0100%	4h	0.008923	+0.680%	$477K	$2.1M	10x	as long as short
ApeX Omni PENGUUSDT	+0.0100%	1h	0.008925	+0.705%	$81K	$249K	50x	as long as short
Nado PENGU-PERP	+0.0100%	1h	0.008829	−0.378%	$632K	$824K	5x	as long as short
SunX PENGU-USDT	+0.0100%	4h	0.009073	+2.375%	$2K	$2.1M	10x	as long as short
SoDEX PENGU-USD	+0.0100%	1h	0.008857	−0.062%	$1K	$5K	5x	as long as short
HTX PENGU-USDT	+0.0100%	4h	0.008876	+0.152%	$91K	$299K	25x	as long as short
Extended PENGU-USD	+0.0104%	1h	0.008819	−0.491%	$182K	$935K	10x	as long as short
Aevo PENGU-PERP	+0.0104%	1h	0.008858	−0.051%	$205K	—	3x	as long as short
dYdX PENGU-USD	+0.0116%	1h	0.008846	−0.189%	$12K	$4K	5x	as long as short
Reya PENGURUSDPERPshort	+0.0238%	1h	0.008830	−0.364%	$298	—	10x
BloFin PENGU-USDT	+0.0340%	4h	0.008841	−0.243%	$1.5M	$3.0M	75x	as long as short
GMX PENGU/USD [WBTC.b-USDC]	L +0.0520% / S −0.0723%	1h	0.008859	−0.039%	$117K	—	100x	as long as short
Coinbase International PENGU-PERP-INTX	+0.1648%	1h	0.008967	+1.179%	$95K	$104K	50x	as long as short