PENGU

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0121%/8h= +13.2% APRnext payment +$0.15 per $10,000 · paid last 24h +0.025%

Price spread now: Reya against Hyperliquid−0.069%7-day average — · you buy dearer than you sell

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

Long on Hyperliquid Short on Reya

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropHyperliquid: Season 2 · Reya: Active · farm boardneeds both histories

Funding pays, the price is against you. Reya is 0.069% cheaper against Hyperliquid than usual: you would sell low and buy high (spread −0.069% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$7 on $10k: about 46 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	Hyperliquid PENGU	0.009129	0.0120	pay 0.0015% / 1h	53m 01s	$9.3M	$16.8M	5x
Short	Reya PENGURUSDPERP	0.009123	0.0241	get 0.0030% / 1h	53m 01s	$308	—	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Reya against Hyperliquid. 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 HyperliquidbpFee ReyabpOrdersPrice spread, now −0.069%Rate

Funding earned: $25.37
Price spread: −0.069% → 0.000%: −$6.87
Slippage, 4 orders: no order book: not counted
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Fee Reya: 3 bp × 2 orders: −$6
Net: $3.5
Costs to cover: 0.150%
Break-even: 6.0 days

Slippage unknown: Hyperliquid: live order book, 10 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 Hyperliquid live order book, 10 min ago	1.65 bp	15.9 bp −$16	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
gTrade (Gains Network) PENGU/USD	L +0.0007% / S −0.0003%	1h	0.009089	−0.438%	$34K	—	150x	as long as short
Injective PENGU/USDC PERP	+0.0033%	1h	0.008789	−3.724%	$3K	$117K	5.5x	as long as short
dYdX PENGU-USD	+0.0075%	1h	0.009095	−0.376%	$12K	$6K	5x	as long as short
Nado PENGU-PERP	+0.0100%	1h	0.009117	−0.131%	$647K	$1.1M	5x	as long as short
Aster PENGUUSDT	+0.0100%	4h	0.009120	−0.100%	$143K	$739K	20x	as long as short
Pacifica PENGU	+0.0100%	1h	0.009096	−0.361%	$137K	$270K	5x	as long as short
Binance PENGUUSDT	+0.0100%	4h	0.009126	−0.033%	$40.2M	$196.4M	75x	as long as short
Bybit PENGUUSDT	+0.0100%	4h	0.009111	−0.197%	$24.5M	$46.5M	75x	as long as short
OKX PENGU-USDT-SWAP	+0.0100%	4h	0.009114	−0.164%	$8.2M	$57.9M	50x	as long as short
Arcus PENGU-USD	+0.0100%	1h	0.009110	−0.208%	$18K	$25K	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	0.009115	−0.153%	$3.8M	$17.5M	75x	as long as short
MEXC PENGU_USDT	+0.0100%	4h	0.009125	−0.044%	$11.4M	$12.8M	125x	as long as short
KuCoin PENGUUSDTM	+0.0100%	4h	0.009126	−0.033%	$5.1M	$10.5M	75x	as long as short
Bitget PENGUUSDT	+0.0100%	4h	0.009122	−0.077%	$8.8M	$15.0M	75x	as long as short
BingX PENGU-USDC	+0.0100%	4h	0.009116	−0.142%	—	$2.3M	—	as long as short
Backpack PENGU_USDC_PERP	+0.0100%	1h	0.009122	−0.077%	$313K	$388K	10x	as long as short
Variational Omni PENGU	+0.0100%	4h	0.009070	−0.646%	$936K	$1.2M	—	as long as short
GRVT PENGU_USDT_Perp	+0.0100%	4h	0.009087	−0.463%	$479K	$2.1M	10x	as long as short
ApeX Omni PENGUUSDT	+0.0100%	1h	0.009068	−0.668%	$80K	$252K	50x	as long as short
Orderly PERP_PENGU_USDC	+0.0100%	4h	0.009127	−0.022%	$23K	$316K	20x	as long as short
SunX PENGU-USDT	+0.0100%	4h	0.009346	+2.377%	$3K	$2.2M	10x	as long as short
SoDEX PENGU-USD	+0.0100%	1h	0.009127	−0.022%	$1K	$5K	5x	as long as short
HTX PENGU-USDT	+0.0100%	4h	0.009135	+0.066%	$95K	$414K	25x	as long as short
Extended PENGU-USD	+0.0104%	1h	0.009116	−0.145%	$187K	$743K	10x	as long as short
Aevo PENGU-PERP	+0.0104%	1h	0.009124	−0.055%	$211K	—	3x	as long as short
Hyperliquid PENGUlong	+0.0120%	1h	0.009129	long leg	$9.3M	$16.8M	5x
Lighter PENGU	+0.0136%	1h	0.009135	+0.066%	$329K	$747K	8x	as long as short
Reya PENGURUSDPERPshort	+0.0241%	1h	0.009123	−0.069%	$308	—	10x
BloFin PENGU-USDT	+0.0340%	4h	0.009125	−0.044%	$1.6M	$5.1M	75x	as long as short
Kraken Futures PF_PENGUUSD	+0.0378%	1h	0.009129	+0.004%	$352K	$2.6M	50x	as long as short
Deribit PENGU_USDC-PERPETUAL	+0.0407%	1h	0.009133	+0.044%	$1K	$29K	10x	as long as short
01 Exchange PENGUUSD	+0.0432%	1h	0.009123	−0.066%	$209	$41	5x	as long as short
GMX PENGU/USD [WBTC.b-USDC]	L +0.0432% / S −0.0351%	1h	0.009119	−0.110%	$104K	—	100x	as long as short
Coinbase International PENGU-PERP-INTX	+0.2088%	1h	0.009211	+0.898%	$81K	$74K	50x	as long as short