PENGU

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0133%/8h= −14.6% APRnext payment −$0.17 per $10,000 · paid last 24h −0.039%

Price spread now: Aevo against Reya+0.009%7-day average — · you sell dearer than you buy

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

Long on Reya Short on Aevo

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: −$4 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Reya PENGURUSDPERP	0.008664	0.0237	pay 0.0030% / 1h	0m 11s	$293	—	10x
Short	Aevo PENGU-PERP	0.008665	0.0104	get 0.0013% / 1h	0m 11s	$200K	$17K	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aevo against Reya. 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 ReyabpFee AevobpOrdersPrice spread, now +0.009%Rate

Funding earned: −$27.95
Price spread: +0.009% → 0.000%: $0.85
Slippage, 4 orders: no order book: not counted
Fee Reya: 3 bp × 2 orders: −$6
Fee Aevo: 8 bp × 2 orders: −$16
Net: −$49.1
Costs to cover: 0.220%
Break-even: never at this rate

Slippage unknown: Reya: no order-book sample; Aevo: live order book, 24 min ago. 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 Reya no order-book sample	—	—	—	—	—
Sell Aevo live order book, 24 min ago	11.49 bp	30.9 bp −$31	doesn't fit	doesn't fit	doesn't fit

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	−0.0552%	1h	0.008670	+0.067%	$384K	$2.1M	50x	as long as short
Deribit PENGU_USDC-PERPETUAL	−0.0327%	1h	0.008668	+0.043%	$19K	$9K	10x	as long as short
Gate PENGU_USDT	−0.0290%	4h	0.008663	−0.015%	$3.4M	$15.5M	75x	as long as short
Injective PENGU/USDC PERP	−0.0110%	1h	0.008715	+0.586%	$3K	$81K	5.5x	as long as short
Backpack PENGU_USDC_PERP	−0.0096%	1h	0.008664	−0.003%	$309K	$314K	10x	as long as short
01 Exchange PENGUUSD	−0.0024%	1h	0.008668	+0.043%	$198	$59	5x	as long as short
Bybit PENGUUSDT	−0.0017%	4h	0.008658	−0.072%	$22.5M	$36.0M	75x	as long as short
gTrade (Gains Network) PENGU/USD	L +0.0007% / S −0.0003%	1h	0.008670	+0.067%	$33K	—	150x	as long as short
dYdX PENGU-USD	+0.0021%	1h	0.008669	+0.053%	$11K	$4K	5x	as long as short
Lighter PENGU	+0.0096%	1h	0.008668	+0.043%	$296K	$725K	8x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Nado PENGU-PERP	+0.0100%	1h	0.008663	−0.015%	$673K	$757K	5x	as long as short
Hyperliquid PENGU	+0.0100%	1h	0.008667	+0.032%	$8.6M	$15.1M	5x	as long as short
Aster PENGUUSDT	+0.0100%	4h	0.008671	+0.083%	$171K	$448K	20x	as long as short
Pacifica PENGU	+0.0100%	1h	0.008667	+0.032%	$146K	$236K	5x	as long as short
Binance PENGUUSDT	+0.0100%	4h	0.008667	+0.032%	$35.8M	$151.2M	75x	as long as short
OKX PENGU-USDT-SWAP	+0.0100%	4h	0.008661	−0.038%	$7.7M	$46.3M	50x	as long as short
Arcus PENGU-USD	+0.0100%	1h	0.008670	+0.066%	$19K	$24K	5x	as long as short
MEXC PENGU_USDT	+0.0100%	4h	0.008667	+0.032%	$13.0M	$12.8M	125x	as long as short
KuCoin PENGUUSDTM	+0.0100%	4h	0.008667	+0.032%	$4.7M	$8.8M	75x	as long as short
Bitget PENGUUSDT	+0.0100%	4h	0.008672	+0.089%	$8.2M	$12.5M	75x	as long as short
BingX PENGU-USDC	+0.0100%	4h	0.008653	−0.130%	—	$2.3M	—	as long as short
Variational Omni PENGU	+0.0100%	4h	0.008657	−0.082%	$800K	$726K	—	as long as short
GRVT PENGU_USDT_Perp	+0.0100%	4h	0.008640	−0.284%	$452K	$2.4M	10x	as long as short
ApeX Omni PENGUUSDT	+0.0100%	1h	0.008642	−0.257%	$79K	$253K	50x	as long as short
Orderly PERP_PENGU_USDC	+0.0100%	4h	0.008668	+0.043%	$23K	$186K	20x	as long as short
SunX PENGU-USDT	+0.0100%	4h	0.008877	+2.455%	$3K	$2.1M	10x	as long as short
SoDEX PENGU-USD	+0.0100%	1h	0.008665	+0.009%	$990	$5K	5x	as long as short
HTX PENGU-USDT	+0.0100%	4h	0.008689	+0.286%	$91K	$250K	25x	as long as short
Extended PENGU-USD	+0.0104%	1h	0.008663	−0.009%	$178K	$682K	10x	as long as short
Aevo PENGU-PERPshort	+0.0104%	1h	0.008665	+0.009%	$200K	$17K	3x
Reya PENGURUSDPERPlong	+0.0237%	1h	0.008664	long leg	$293	—	10x
BloFin PENGU-USDT	+0.0340%	4h	0.008674	+0.112%	$1.5M	$2.7M	75x	as long as short
GMX PENGU/USD [WBTC.b-USDC]	L +0.0502% / S −0.0703%	1h	0.008670	+0.066%	$112K	—	100x	as long as short
Coinbase International PENGU-PERP-INTX	+0.2992%	1h	0.008699	+0.401%	$93K	$97K	50x	as long as short