PENGU

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0204%/8h= −22.4% APRnext payment −$0.26 per $10,000 · paid last 24h −0.055%

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

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

Long on GMX 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 pays, funding is against you. Reya is 0.036% dearer against GMX than usual: you sell high and buy low (spread +0.036% now, against zero (this spread has no 7-day history yet)): +$4 on $10k if it goes back. Holding the pair costs −$6 a day in funding at the current rate, which eats that in about 14 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GMX PENGU/USD [WBTC.b-USDC]	0.009078	L +0.0444% / S −0.0368%	pay 0.0056% / 1h	45m 52s	$107K	—	100x
Short	Reya PENGURUSDPERP	0.009081	0.0240	get 0.0030% / 1h	45m 52s	$307	—	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Reya against GMX. 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 GMXbpFee ReyabpOrdersPrice spread, now +0.036%Rate

Funding earned: −$42.89
Price spread: +0.036% → 0.000%: $3.56
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee Reya: 3 bp × 2 orders: −$6
Net: −$57.33
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: GMX: 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 GMX no order-book sample	—	—	—	—	—
Sell Reya no order-book sample	—	—	—	—	—

GMX 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
gTrade (Gains Network) PENGU/USD	L +0.0007% / S −0.0003%	1h	0.009080	+0.027%	$33K	—	150x	as long as short
Injective PENGU/USDC PERP	+0.0033%	1h	0.008789	−3.184%	$3K	$117K	5.5x	as long as short
Deribit PENGU_USDC-PERPETUAL	+0.0080%	1h	0.009084	+0.066%	$1K	$29K	10x	as long as short
Lighter PENGU	+0.0096%	1h	0.009076	−0.022%	$325K	$767K	8x	as long as short
Aster PENGUUSDT	+0.0100%	4h	0.009078	+0.002%	$131K	$702K	20x	as long as short
Pacifica PENGU	+0.0100%	1h	0.009106	+0.308%	$140K	$291K	5x	as long as short
Binance PENGUUSDT	+0.0100%	4h	0.009075	−0.033%	$39.6M	$187.6M	75x	as long as short
Bybit PENGUUSDT	+0.0100%	4h	0.009063	−0.165%	$24.0M	$43.9M	75x	as long as short
OKX PENGU-USDT-SWAP	+0.0100%	4h	0.009067	−0.121%	$8.0M	$54.5M	50x	as long as short
Arcus PENGU-USD	+0.0100%	1h	0.009100	+0.242%	$18K	$26K	5x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate PENGU_USDT	+0.0100%	4h	0.009068	−0.110%	$3.5M	$17.0M	75x	as long as short
MEXC PENGU_USDT	+0.0100%	4h	0.009078	0.000%	$11.4M	$12.7M	125x	as long as short
KuCoin PENGUUSDTM	+0.0100%	4h	0.009078	0.000%	$5.3M	$10.0M	75x	as long as short
Bitget PENGUUSDT	+0.0100%	4h	0.009070	−0.088%	$8.7M	$13.8M	75x	as long as short
BingX PENGU-USDT	+0.0100%	4h	0.009073	−0.055%	—	$3.8M	—	as long as short
Backpack PENGU_USDC_PERP	+0.0100%	1h	0.009067	−0.121%	$312K	$362K	10x	as long as short
Variational Omni PENGU	+0.0100%	4h	0.009134	+0.617%	$931K	$1.1M	—	as long as short
GRVT PENGU_USDT_Perp	+0.0100%	4h	0.009155	+0.851%	$484K	$2.1M	10x	as long as short
ApeX Omni PENGUUSDT	+0.0100%	1h	0.009125	+0.518%	$80K	$251K	50x	as long as short
Nado PENGU-PERP	+0.0100%	1h	0.009088	+0.116%	$638K	$1.1M	5x	as long as short
Orderly PERP_PENGU_USDC	+0.0100%	4h	0.009082	+0.044%	$23K	$206K	20x	as long as short
SunX PENGU-USDT	+0.0100%	4h	0.009300	+2.445%	$3K	$2.2M	10x	as long as short
SoDEX PENGU-USD	+0.0100%	1h	0.009074	−0.044%	$1K	$5K	5x	as long as short
HTX PENGU-USDT	+0.0100%	4h	0.009106	+0.308%	$94K	$403K	25x	as long as short
Extended PENGU-USD	+0.0104%	1h	0.009074	−0.039%	$188K	$847K	10x	as long as short
Aevo PENGU-PERP	+0.0104%	1h	0.009080	+0.022%	$210K	—	3x	as long as short
Reya PENGURUSDPERPshort	+0.0240%	1h	0.009081	+0.036%	$307	—	10x
BloFin PENGU-USDT	+0.0340%	4h	0.009111	+0.364%	$1.6M	$4.9M	75x	as long as short
01 Exchange PENGUUSD	+0.0368%	1h	0.009092	+0.154%	$208	$64	5x	as long as short
GMX PENGU/USD [WBTC.b-USDC]long	L +0.0444% / S −0.0368%	1h	0.009078	long leg	$107K	—	100x
Hyperliquid PENGU	+0.0478%	1h	0.009081	+0.033%	$9.3M	$16.1M	5x	as long as short
Kraken Futures PF_PENGUUSD	+0.0671%	1h	0.009092	+0.154%	$334K	$2.5M	50x	as long as short
dYdX PENGU-USD	+0.0846%	1h	0.009107	+0.316%	$12K	$6K	5x	as long as short
Coinbase International PENGU-PERP-INTX	+0.1664%	1h	0.009194	+1.278%	$81K	$69K	50x	as long as short