PENGU

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0070%/8h= +7.7% APRnext payment +$0.09 per $10,000 · paid last 24h −0.036%

Price spread now: Kraken Futures against Reya+0.284%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 Kraken Futures

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

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Kraken Futures is 0.284% dearer against Reya than usual: you sell high and buy low: +$28 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	Reya PENGURUSDPERP	0.009091	0.0240	pay 0.0030% / 1h	4m 59s	$307	—	10x
Short	Kraken Futures PF_PENGUUSD	0.009116	0.0310	get 0.0039% / 1h	4m 59s	$340K	$2.5M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures 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 Kraken FuturesbpOrdersPrice spread, now +0.284%Rate

Funding earned: $14.7
Price spread: +0.284% → 0.000%: $28.39
Slippage, 4 orders: no order book: not counted
Fee Reya: 3 bp × 2 orders: −$6
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: $27.09
Costs to cover: 0.160%
Break-even: from the start

Slippage unknown: Reya: no order-book sample; Kraken Futures: live order book, 4 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 Kraken Futures live order book, 4 min ago	14.78 bp	31.1 bp −$31	58.0 bp −$580	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
gTrade (Gains Network) PENGU/USD	L +0.0007% / S −0.0003%	1h	0.009097	+0.064%	$33K	—	150x	as long as short
Injective PENGU/USDC PERP	+0.0033%	1h	0.008789	−3.319%	$3K	$117K	5.5x	as long as short
Lighter PENGU	+0.0096%	1h	0.009114	+0.256%	$335K	$759K	8x	as long as short
Nado PENGU-PERP	+0.0100%	1h	0.009092	+0.017%	$638K	$1.1M	5x	as long as short
Hyperliquid PENGU	+0.0100%	1h	0.009127	+0.399%	$9.4M	$15.8M	5x	as long as short
Aster PENGUUSDT	+0.0100%	4h	0.009096	+0.056%	$121K	$691K	20x	as long as short
Pacifica PENGU	+0.0100%	1h	0.009084	−0.074%	$139K	$285K	5x	as long as short
Binance PENGUUSDT	+0.0100%	4h	0.009096	+0.058%	$39.7M	$183.9M	75x	as long as short
Bybit PENGUUSDT	+0.0100%	4h	0.009082	−0.096%	$24.1M	$43.2M	75x	as long as short
OKX PENGU-USDT-SWAP	+0.0100%	4h	0.009086	−0.052%	$8.0M	$53.9M	50x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Arcus PENGU-USD	+0.0100%	1h	0.009090	−0.008%	$18K	$26K	5x	as long as short
Gate PENGU_USDT	+0.0100%	4h	0.009096	+0.058%	$3.4M	$17.0M	75x	as long as short
MEXC PENGU_USDT	+0.0100%	4h	0.009103	+0.135%	$11.0M	$12.8M	125x	as long as short
KuCoin PENGUUSDTM	+0.0100%	4h	0.009103	+0.135%	$5.3M	$9.9M	75x	as long as short
Bitget PENGUUSDT	+0.0100%	4h	0.009105	+0.157%	$8.7M	$13.7M	75x	as long as short
BingX PENGU-USDT	+0.0100%	4h	0.009093	+0.025%	—	$3.8M	—	as long as short
Backpack PENGU_USDC_PERP	+0.0100%	1h	0.009110	+0.212%	$298K	$359K	10x	as long as short
Variational Omni PENGU	+0.0100%	4h	0.009068	−0.250%	$924K	$1.1M	—	as long as short
GRVT PENGU_USDT_Perp	+0.0100%	4h	0.009091	0.000%	$481K	$2.2M	10x	as long as short
ApeX Omni PENGUUSDT	+0.0100%	1h	0.009100	+0.102%	$82K	$250K	50x	as long as short
Orderly PERP_PENGU_USDC	+0.0100%	4h	0.009097	+0.069%	$23K	$188K	20x	as long as short
SunX PENGU-USDT	+0.0100%	4h	0.009322	+2.545%	$3K	$2.2M	10x	as long as short
SoDEX PENGU-USD	+0.0100%	1h	0.009104	+0.146%	$1K	$5K	5x	as long as short
HTX PENGU-USDT	+0.0100%	4h	0.009116	+0.278%	$94K	$401K	25x	as long as short
Extended PENGU-USD	+0.0104%	1h	0.009098	+0.082%	$187K	$841K	10x	as long as short
Aevo PENGU-PERP	+0.0104%	1h	0.009101	+0.113%	$210K	—	3x	as long as short
Reya PENGURUSDPERPlong	+0.0240%	1h	0.009091	long leg	$307	—	10x
01 Exchange PENGUUSD	+0.0264%	1h	0.009104	+0.146%	$208	$64	5x	as long as short
dYdX PENGU-USD	+0.0276%	1h	0.009079	−0.129%	$12K	$6K	5x	as long as short
Deribit PENGU_USDC-PERPETUAL	+0.0300%	1h	0.009102	+0.124%	$1K	$29K	10x	as long as short
Kraken Futures PF_PENGUUSDshort	+0.0310%	1h	0.009116	+0.284%	$340K	$2.5M	50x
BloFin PENGU-USDT	+0.0340%	4h	0.009105	+0.157%	$1.5M	$4.9M	75x	as long as short
GMX PENGU/USD [WBTC.b-USDC]	L +0.0390% / S −0.0291%	1h	0.009097	+0.069%	$92K	—	100x	as long as short
Coinbase International PENGU-PERP-INTX	+0.1752%	1h	0.009185	+1.038%	$81K	$80K	50x	as long as short