PENGU

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0140%/8h= +15.3% APRnext payment +$0.17 per $10,000 · paid last 24h +0.041%

Price spread now: Reya against SoDEX−0.546%50s7-day average — · you buy dearer than you sell

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

Long on SoDEX Short on Reya

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

Funding pays, the price is against you. Reya is 0.546% cheaper against SoDEX than usual: you would sell low and buy high (spread −0.546% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$55 on $10k: about 13 days of funding at the current rate (+$4 a day). The two prices were read 50 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	SoDEX PENGU-USD	0.009121	0.0100	pay 0.0013% / 1h	44m 28s	$1K	$5K	5x
Short	Reya PENGURUSDPERP	0.009071	0.0240	get 0.0030% / 1h	44m 28s	$306	—	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Reya against SoDEX. 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 SoDEXbpFee ReyabpOrdersPrice spread, now −0.546%Rate

Funding earned: $29.38
Price spread: −0.546% → 0.000%: −$54.57
Slippage, 4 orders: no order book: not counted
Fee SoDEX: 4 bp × 2 orders: −$8
Fee Reya: 3 bp × 2 orders: −$6
Net: −$39.19
Costs to cover: 0.140%
Break-even: 16.3 days

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

SoDEX 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
gTrade (Gains Network) PENGU/USD	L +0.0007% / S −0.0003%	1h	0.009122	+0.014%	$34K	—	150x	as long as short
Injective PENGU/USDC PERP	+0.0033%	1h	0.008789	−3.640%	$3K	$117K	5.5x	as long as short
Lighter PENGU	+0.0096%	1h	0.009108	−0.143%	$327K	$767K	8x	as long as short
Nado PENGU-PERP	+0.0100%	1h	0.009077	−0.477%	$638K	$1.1M	5x	as long as short
Aster PENGUUSDT	+0.0100%	4h	0.009089	−0.347%	$131K	$703K	20x	as long as short
Pacifica PENGU	+0.0100%	1h	0.009098	−0.252%	$139K	$291K	5x	as long as short
Binance PENGUUSDT	+0.0100%	4h	0.009085	−0.395%	$39.9M	$187.9M	75x	as long as short
Bybit PENGUUSDT	+0.0100%	4h	0.009070	−0.559%	$24.1M	$44.0M	75x	as long as short
OKX PENGU-USDT-SWAP	+0.0100%	4h	0.009070	−0.559%	$8.1M	$54.6M	50x	as long as short
Arcus PENGU-USD	+0.0100%	1h	0.009100	−0.230%	$18K	$26K	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	0.009093	−0.307%	$3.5M	$17.1M	75x	as long as short
MEXC PENGU_USDT	+0.0100%	4h	0.009098	−0.252%	$11.5M	$12.8M	125x	as long as short
KuCoin PENGUUSDTM	+0.0100%	4h	0.009101	−0.219%	$5.3M	$10.0M	75x	as long as short
Bitget PENGUUSDT	+0.0100%	4h	0.009078	−0.471%	$8.7M	$13.9M	75x	as long as short
BingX PENGU-USDC	+0.0100%	4h	0.009095	−0.285%	—	$2.3M	—	as long as short
Backpack PENGU_USDC_PERP	+0.0100%	1h	0.009117	−0.044%	$314K	$362K	10x	as long as short
Variational Omni PENGU	+0.0100%	4h	0.009074	−0.516%	$925K	$1.1M	—	as long as short
GRVT PENGU_USDT_Perp	+0.0100%	4h	0.009109	−0.134%	$482K	$2.1M	10x	as long as short
ApeX Omni PENGUUSDT	+0.0100%	1h	0.009106	−0.164%	$80K	$251K	50x	as long as short
Orderly PERP_PENGU_USDC	+0.0100%	4h	0.009118	−0.033%	$23K	$208K	20x	as long as short
SunX PENGU-USDT	+0.0100%	4h	0.009340	+2.401%	$3K	$2.2M	10x	as long as short
SoDEX PENGU-USDlong	+0.0100%	1h	0.009121	long leg	$1K	$5K	5x
HTX PENGU-USDT	+0.0100%	4h	0.009121	0.000%	$94K	$404K	25x	as long as short
Extended PENGU-USD	+0.0104%	1h	0.009090	−0.334%	$189K	$847K	10x	as long as short
Aevo PENGU-PERP	+0.0104%	1h	0.009117	−0.044%	$211K	—	3x	as long as short
Reya PENGURUSDPERPshort	+0.0240%	1h	0.009071	−0.546%	$306	—	10x
BloFin PENGU-USDT	+0.0340%	4h	0.009120	−0.011%	$1.6M	$4.9M	75x	as long as short
01 Exchange PENGUUSD	+0.0360%	1h	0.009099	−0.241%	$208	$64	5x	as long as short
Deribit PENGU_USDC-PERPETUAL	+0.0408%	1h	0.009126	+0.055%	$1K	$29K	10x	as long as short
GMX PENGU/USD [WBTC.b-USDC]	L +0.0444% / S −0.0368%	1h	0.009123	+0.022%	$107K	—	100x	as long as short
Hyperliquid PENGU	+0.0483%	1h	0.009111	−0.110%	$9.3M	$16.1M	5x	as long as short
Kraken Futures PF_PENGUUSD	+0.0668%	1h	0.009130	+0.102%	$334K	$2.5M	50x	as long as short
dYdX PENGU-USD	+0.0841%	1h	0.009096	−0.270%	$12K	$6K	5x	as long as short
Coinbase International PENGU-PERP-INTX	+0.1664%	1h	0.009194	+0.800%	$81K	$69K	50x	as long as short