PENGU

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0207%/8h= +22.7% APRnext payment +$0.26 per $10,000 · paid last 24h −0.050%

Price spread now: Reya against Injective+2.906%7-day average — · you sell dearer than you buy

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

Long on Injective 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 airdropReya: Active · farm boardneeds both histories

Both sides work for this trade now. Funding pays +$6 a day on $10k at the current rate, and Reya is 2.906% dearer against Injective than usual: you sell high and buy low: +$291 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Injective PENGU/USDC PERP	0.008789	0.0033	pay 0.0004% / 1h	26m 47s	$3K	$117K	5.5x
Short	Reya PENGURUSDPERP	0.009044	0.0241	get 0.0030% / 1h	26m 47s	$305	—	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Reya against Injective. 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 InjectivebpFee ReyabpOrdersPrice spread, now +2.906%Rate

Funding earned: $43.54
Price spread: +2.906% → 0.000%: $290.64
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee Reya: 3 bp × 2 orders: −$6
Net: $328.16
Costs to cover: 0.060%
Break-even: from the start

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

Injective 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
Gate PENGU_USDT	−0.0374%	4h	0.009046	+2.924%	$3.7M	$18.0M	75x	as long as short
Deribit PENGU_USDC-PERPETUAL	0.0000%	1h	0.009051	+2.981%	$1K	$29K	10x	as long as short
gTrade (Gains Network) PENGU/USD	L +0.0007% / S −0.0003%	1h	0.009061	+3.099%	$33K	—	150x	as long as short
Injective PENGU/USDC PERPlong	+0.0033%	1h	0.008789	long leg	$3K	$117K	5.5x
Lighter PENGU	+0.0096%	1h	0.009048	+2.947%	$326K	$763K	8x	as long as short
Nado PENGU-PERP	+0.0100%	1h	0.009046	+2.930%	$643K	$1.1M	5x	as long as short
Hyperliquid PENGU	+0.0100%	1h	0.009050	+2.970%	$9.3M	$16.8M	5x	as long as short
Aster PENGUUSDT	+0.0100%	4h	0.009055	+3.027%	$129K	$769K	20x	as long as short
Pacifica PENGU	+0.0100%	1h	0.009055	+3.027%	$138K	$275K	5x	as long as short
Binance PENGUUSDT	+0.0100%	4h	0.009057	+3.049%	$40.3M	$198.2M	75x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit PENGUUSDT	+0.0100%	4h	0.009041	+2.867%	$24.4M	$47.2M	75x	as long as short
OKX PENGU-USDT-SWAP	+0.0100%	4h	0.009041	+2.867%	$8.2M	$57.9M	50x	as long as short
Arcus PENGU-USD	+0.0100%	1h	0.009050	+2.970%	$18K	$26K	5x	as long as short
MEXC PENGU_USDT	+0.0100%	4h	0.009058	+3.061%	$11.5M	$13.0M	125x	as long as short
KuCoin PENGUUSDTM	+0.0100%	4h	0.009052	+2.992%	$5.0M	$10.6M	75x	as long as short
Bitget PENGUUSDT	+0.0100%	4h	0.009052	+2.992%	$8.8M	$15.2M	75x	as long as short
BingX PENGU-USDC	+0.0100%	4h	0.009043	+2.890%	—	$2.3M	—	as long as short
Backpack PENGU_USDC_PERP	+0.0100%	1h	0.009047	+2.935%	$314K	$387K	10x	as long as short
Variational Omni PENGU	+0.0100%	4h	0.009017	+2.594%	$933K	$1.2M	—	as long as short
GRVT PENGU_USDT_Perp	+0.0100%	4h	0.009043	+2.889%	$478K	$2.1M	10x	as long as short
ApeX Omni PENGUUSDT	+0.0100%	1h	0.009056	+3.038%	$79K	$252K	50x	as long as short
Orderly PERP_PENGU_USDC	+0.0100%	4h	0.009051	+2.981%	$23K	$330K	20x	as long as short
SunX PENGU-USDT	+0.0100%	4h	0.009266	+5.427%	$3K	$2.2M	10x	as long as short
SoDEX PENGU-USD	+0.0100%	1h	0.009051	+2.981%	$1K	$5K	5x	as long as short
HTX PENGU-USDT	+0.0100%	4h	0.009069	+3.186%	$95K	$416K	25x	as long as short
Extended PENGU-USD	+0.0104%	1h	0.009050	+2.974%	$189K	$744K	10x	as long as short
Aevo PENGU-PERP	+0.0104%	1h	0.009048	+2.947%	$209K	—	3x	as long as short
Reya PENGURUSDPERPshort	+0.0241%	1h	0.009044	+2.906%	$305	—	10x
BloFin PENGU-USDT	+0.0340%	4h	0.009061	+3.095%	$1.6M	$5.3M	75x	as long as short
01 Exchange PENGUUSD	+0.0352%	1h	0.009050	+2.970%	$207	$41	5x	as long as short
Kraken Futures PF_PENGUUSD	+0.0381%	1h	0.009056	+3.033%	$336K	$2.7M	50x	as long as short
GMX PENGU/USD [WBTC.b-USDC]	L +0.0431% / S −0.0351%	1h	0.009050	+2.970%	$103K	—	100x	as long as short
dYdX PENGU-USD	+0.2020%	1h	0.009053	+3.002%	$21K	$18K	5x	as long as short
Coinbase International PENGU-PERP-INTX	+0.2088%	1h	0.009211	+4.801%	$81K	$73K	50x	as long as short