PENGU

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0128%/8h= +14.1% APRnext payment +$0.16 per $10,000 · paid last 24h +0.074%

Price spread now: GMX against Reya+0.014%55s7-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 GMX

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. The two prices were read 55 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	Reya PENGURUSDPERP	0.009018	0.0240	pay 0.0030% / 1h	29m 35s	$305	—	10x
Short	GMX PENGU/USD [WBTC.b-USDC]	0.009019	L +0.0442% / S −0.0368%	get 0.0046% / 1h	29m 35s	$106K	—	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX 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 GMXbpOrdersPrice spread, now +0.014%Rate

Funding earned: $26.95
Price spread: +0.014% → 0.000%: $1.4
Slippage, 4 orders: no order book: not counted
Fee Reya: 3 bp × 2 orders: −$6
Fee GMX: 6 bp × 2 orders: −$12
Net: $10.35
Costs to cover: 0.180%
Break-even: 4.3 days

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

Reya and GMX: 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	0.009024	+0.065%	$33K	—	150x	as long as short
Injective PENGU/USDC PERP	+0.0033%	1h	0.008789	−2.537%	$3K	$117K	5.5x	as long as short
Lighter PENGU	+0.0096%	1h	0.009033	+0.169%	$324K	$768K	8x	as long as short
Nado PENGU-PERP	+0.0100%	1h	0.009024	+0.069%	$636K	$1.1M	5x	as long as short
Aster PENGUUSDT	+0.0100%	4h	0.009035	+0.193%	$143K	$716K	20x	as long as short
Pacifica PENGU	+0.0100%	1h	0.009029	+0.125%	$136K	$276K	5x	as long as short
Binance PENGUUSDT	+0.0100%	4h	0.009030	+0.131%	$39.5M	$188.8M	75x	as long as short
Bybit PENGUUSDT	+0.0100%	4h	0.009016	−0.019%	$23.9M	$44.1M	75x	as long as short
OKX PENGU-USDT-SWAP	+0.0100%	4h	0.009013	−0.053%	$8.0M	$54.4M	50x	as long as short
Arcus PENGU-USD	+0.0100%	1h	0.009040	+0.247%	$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	0.009031	+0.147%	$3.4M	$17.2M	75x	as long as short
MEXC PENGU_USDT	+0.0100%	4h	0.009028	+0.114%	$11.0M	$12.9M	125x	as long as short
KuCoin PENGUUSDTM	+0.0100%	4h	0.009026	+0.092%	$5.0M	$10.2M	75x	as long as short
Bitget PENGUUSDT	+0.0100%	4h	0.009024	+0.069%	$8.6M	$13.9M	75x	as long as short
BingX PENGU-USDT	+0.0100%	4h	0.009033	+0.169%	—	$3.8M	—	as long as short
Backpack PENGU_USDC_PERP	+0.0100%	1h	0.009022	+0.047%	$310K	$360K	10x	as long as short
Variational Omni PENGU	+0.0100%	4h	0.009012	−0.064%	$918K	$1.1M	—	as long as short
GRVT PENGU_USDT_Perp	+0.0100%	4h	0.009024	+0.065%	$474K	$2.1M	10x	as long as short
ApeX Omni PENGUUSDT	+0.0100%	1h	0.009022	+0.047%	$79K	$252K	50x	as long as short
Orderly PERP_PENGU_USDC	+0.0100%	4h	0.009024	+0.069%	$23K	$220K	20x	as long as short
SunX PENGU-USDT	+0.0100%	4h	0.009235	+2.409%	$3K	$2.2M	10x	as long as short
SoDEX PENGU-USD	+0.0100%	1h	0.009026	+0.092%	$1K	$5K	5x	as long as short
HTX PENGU-USDT	+0.0100%	4h	0.009032	+0.158%	$93K	$404K	25x	as long as short
Extended PENGU-USD	+0.0104%	1h	0.009032	+0.162%	$185K	$526K	10x	as long as short
Aevo PENGU-PERP	+0.0104%	1h	0.009020	+0.025%	$208K	—	3x	as long as short
Reya PENGURUSDPERPlong	+0.0240%	1h	0.009018	long leg	$305	—	10x
Hyperliquid PENGU	+0.0289%	1h	0.009022	+0.047%	$9.0M	$16.2M	5x	as long as short
Deribit PENGU_USDC-PERPETUAL	+0.0304%	1h	0.009029	+0.125%	$1K	$29K	10x	as long as short
01 Exchange PENGUUSD	+0.0336%	1h	0.009033	+0.169%	$207	$64	5x	as long as short
BloFin PENGU-USDT	+0.0340%	4h	0.009020	+0.025%	$1.6M	$4.9M	75x	as long as short
GMX PENGU/USD [WBTC.b-USDC]short	L +0.0442% / S −0.0368%	1h	0.009019	+0.014%	$106K	—	100x
dYdX PENGU-USD	+0.0668%	1h	0.009012	−0.062%	$12K	$6K	5x	as long as short
Kraken Futures PF_PENGUUSD	+0.0675%	1h	0.009033	+0.167%	$337K	$2.5M	50x	as long as short
Coinbase International PENGU-PERP-INTX	+0.1664%	1h	0.009151	+1.478%	$81K	$69K	50x	as long as short