PENGU funding rates

PENGU perpetual funding across 13 venues. Rates are annualized (APR); positive means longs pay shorts.

Data as of 2026-10-12 03:10 UTC · refreshed every 5 min

Best pair · 7d: 14.2%long GRVT, short Bitget · net 8.7%
Highest funding now: 10.9%Aster
Lowest funding now: −36.2%Hyperliquid
Listed on: 13 venues

Funding by venue

													Open
Aster	PENGUUSDT	10.9%	10.9%	10.9%	10.8%	10.9%	100%	4h	04:00	0.008178	$237k	$71k	AsAster
BitgetCEX	PENGUUSDT	10.9%	10.9%	11.0%	11.2%	11.0%	100%	4h	04:00	0.008187	$9.7M	$2.7M	BgBitget
Lighter	PENGU	10.5%	10.5%	9.2%	10.3%	9.0%	94%	1h	04:00	0.008185	$313k	$179k	LiLighter
RWA Perp	PERP_PENGU_USDC	4.6%	7.6%	9.2%	9.4%	9.5%	98%	4h	04:00	0.008162	$15k	$75k	RwRWA Perp
Nado	PENGU-PERP_USDT0	−0.3%	4.0%	0.1%	4.4%	−0.6%	64%	1h	04:00	0.008178	$252k	$69k	NaNado
Extended	PENGU-USD	−5.3%	6.2%	5.9%	8.7%	5.9%	79%	1h	04:00	0.008161	$40k	$129k	ExExtended
MEXCCEX	PENGU_USDT	−5.3%	6.9%	5.8%	8.5%	5.6%	80%	4h	04:00	0.008163	$11.4M	$6.1M	MxMEXC
BinanceCEX	PENGUUSDT	−5.3%	6.2%	4.5%	8.2%	—	79%	4h	04:00	0.008177	$32.9M	$49.3M	BnBinance
GRVT	PENGU_USDT_Perp	−11.2%	−2.7%	−3.2%	3.8%	−3.3%	45%	4h	04:00	0.008172	$410k	$2.1M	GrGRVT
GateCEX	PENGU_USDT	−13.4%	−1.8%	2.3%	5.0%	2.9%	68%	4h	04:00	0.008176	$22.8M	$3.3M	GtGate
Variational	PENGU	−13.5%	8.4%	7.0%	7.3%	6.8%	85%	4h	—	0.008144	$174k	$247k	VaVariational
BybitCEX	PENGUUSDT	−15.4%	4.8%	5.9%	6.2%	6.0%	81%	4h	04:00	0.008174	$19.2M	$10.8M	ByBybit
Hyperliquid	PENGU	−36.2%	−5.9%	6.8%	11.8%	8.9%	87%	1h	—	0.008168	$8.8M	$4.5M	HyHyperliquid

Sparklines: hourly funding APR over the last 7 days, zero line dashed.

Long/short pairs

Funding spreads, annualized: short-leg rate minus long-leg rate.
											Flags	Open	Calc
		Spread APR				After taker fees			Quality
GRVT	Lighter	21.7%	13.2%	12.5%	6.5%	10.1%	15.2%	2.6d	steady	$313k	4h/1h	Gr Li	calc
GRVT	Aster	22.1%	13.6%	14.2%	7.0%	9.7%	14.6%	4.4d	steady	$237k		Gr As	calc
GRVT	BitgetCEX	22.1%	13.6%	14.2%	7.4%	8.7%	13.1%	5.4d	steady	$410k		Gr Bg	calc
GRVT	Variational	−2.3%	11.1%	10.3%	3.5%	7.9%	11.9%	3.2d	cooling	$174k	spread not incl.	Gr Va	calc
Nado	Lighter	10.8%	6.5%	9.1%	5.9%	7.3%	10.9%	2.8d	steady	$252k		Na Li	calc
Nado	Aster	11.2%	6.9%	10.8%	6.4%	6.9%	10.4%	5.1d	steady	$237k	1h/4h	Na As	calc
Nado	BitgetCEX	11.2%	6.9%	10.9%	6.8%	5.9%	8.9%	6.4d	steady	$252k	1h/4h	Na Bg	calc
GRVT	BinanceCEX	5.9%	8.9%	10.7%	4.9%	5.8%	8.7%	6.5d	new	$410k		Gr Bn	calc
GRVT	MEXCCEX	5.9%	9.6%	9.0%	4.7%	5.6%	8.4%	5.3d	steady	$410k		Gr Mx	calc
GRVT	Hyperliquid	−25.0%	−3.2%	10.0%	8.0%	5.3%	8.0%	6.5d	cooling	$410k	4h/1h	Gr Hy	calc
Nado	Variational	−13.2%	4.4%	6.9%	2.9%	5.1%	7.7%	3.7d	cooling	$174k	1h/4hspread not incl.	Na Va	calc
GRVT	BybitCEX	−4.2%	7.5%	9.1%	2.4%	3.9%	5.8%	8.0d	cooling	$410k		Gr By	calc
GateCEX	Lighter	23.9%	12.3%	7.0%	5.3%	3.0%	4.6%	7.9d	steady	$313k	4h/1h	Gt Li	calc
Nado	MEXCCEX	−5.0%	2.9%	5.7%	4.1%	2.8%	4.2%	7.1d	cooling	$252k	1h/4h	Na Mx	calc
GRVT	Extended	5.9%	8.8%	9.1%	4.9%	5.5%	8.2%	5.6d	steady	$40k	low OI4h/1h	Gr Ex	calc
GateCEX	Aster	24.3%	12.7%	8.7%	5.8%	2.7%	4.0%	9.7d	steady	$237k		Gt As	calc
Nado	Hyperliquid	−35.9%	−9.9%	6.7%	7.4%	2.5%	3.8%	8.7d	cooling	$252k		Na Hy	calc
MEXCCEX	Aster	16.2%	4.0%	5.2%	2.4%	2.0%	3.0%	8.5d	steady	$237k		Mx As	calc
Variational	Aster	24.4%	2.5%	3.9%	3.5%	1.8%	2.7%	7.5d	weak	$174k	spread not incl.	Va As	calc
GateCEX	BitgetCEX	24.3%	12.7%	8.7%	6.2%	1.7%	2.5%	11d	steady	$9.7M		Gt Bg	calc
BinanceCEX	Aster	16.2%	4.7%	6.4%	2.7%	1.7%	2.5%	10d	new	$237k		Bn As	calc
Nado	Extended	−5.0%	2.1%	5.8%	4.3%	2.7%	4.0%	7.6d	cooling	$40k	low OI	Na Ex	calc
Nado	BinanceCEX	−5.0%	2.2%	5.7%	5.3%	1.3%	1.9%	11d	new	$252k	1h/4h	Na Bn	calc
MEXCCEX	Lighter	15.8%	3.6%	3.5%	1.9%	2.4%	3.6%	4.2d	mixed	$313k	4h/1h	Mx Li	calc
BinanceCEX	Lighter	15.8%	4.3%	3.8%	1.5%	1.2%	1.8%	9.6d	new	$313k	4h/1h	Bn Li	calc
Variational	Lighter	24.0%	2.1%	2.2%	3.0%	2.2%	3.3%	<0.1d	mixed	$174k	4h/1hspread not incl.	Va Li	calc
MEXCCEX	BitgetCEX	16.2%	4.0%	5.2%	2.7%	1.1%	1.6%	11d	steady	$9.7M		Mx Bg	calc
GateCEX	Variational	−0.1%	10.2%	4.8%	2.3%	0.9%	1.3%	11d	weak	$174k	spread not incl.	Gt Va	calc
Variational	BitgetCEX	24.4%	2.5%	3.9%	3.9%	0.8%	1.2%	11d	weak	$174k	spread not incl.	Va Bg	calc
BinanceCEX	BitgetCEX	16.2%	4.7%	6.4%	2.8%	0.7%	1.0%	12d	new	$9.7M		Bn Bg	calc
Nado	BybitCEX	−15.1%	0.8%	5.8%	1.8%	1.1%	1.6%	11d	mixed	$252k	1h/4h	Na By	calc
Extended	Lighter	15.8%	4.4%	3.3%	1.7%	2.0%	3.0%	5.5d	mixed	$40k	low OI	Ex Li	calc
Extended	Aster	16.2%	4.8%	5.0%	2.2%	1.6%	2.4%	9.5d	steady	$40k	low OI1h/4h	Ex As	calc
BybitCEX	Lighter	25.9%	5.7%	3.4%	4.1%	0.5%	0.7%	12d	mixed	$313k	4h/1h	By Li	calc
MEXCCEX	Variational	−8.2%	1.5%	1.3%	−1.2%	0.2%	0.4%	11d	weak	$174k	spread not incl.	Mx Va	calc
Extended	BitgetCEX	16.2%	4.8%	5.1%	2.5%	0.7%	1.0%	12d	steady	$40k	low OI1h/4h	Ex Bg	calc
BybitCEX	Aster	26.3%	6.1%	5.1%	4.6%	0.1%	0.2%	14d	weak	$237k		By As	calc
Hyperliquid	Lighter	46.7%	16.4%	2.4%	−1.5%	0.1%	0.1%	14d	spike ×180.8	$313k		Hy Li	calc
Lighter	Aster	0.4%	0.4%	1.7%	0.5%	−0.4%	−0.6%	17d	weak	$237k	1h/4h	Li As	calc
Hyperliquid	Aster	47.1%	16.8%	4.1%	−1.0%	−0.3%	−0.5%	15d	spike ×8.4	$237k	1h/4h	Hy As	calc
Extended	Variational	−8.2%	2.3%	1.1%	−1.4%	−0.2%	−0.2%	16d	mixed	$40k	low OI1h/4hspread not incl.	Ex Va	calc
GRVT	GateCEX	−2.2%	0.9%	5.5%	1.2%	−0.8%	−1.1%	16d	cooling	$410k		Gr Gt	calc
GRVT	Nado	10.9%	6.7%	3.3%	0.6%	−0.8%	−1.2%	17d	weak	$252k	4h/1h	Gr Na	calc
BybitCEX	BitgetCEX	26.3%	6.1%	5.1%	5.0%	−0.9%	−1.3%	16d	weak	$9.7M		By Bg	calc
BinanceCEX	Variational	−8.2%	2.2%	1.7%	−1.5%	−0.9%	−1.4%	22d	new	$174k	spread not incl.	Bn Va	calc
Lighter	BitgetCEX	0.4%	0.4%	1.8%	0.9%	−1.4%	−2.0%	25d	weak	$313k	1h/4h	Li Bg	calc
GateCEX	MEXCCEX	8.1%	8.7%	3.5%	3.5%	−1.5%	−2.2%	20d	weak	$11.4M		Gt Mx	calc
BybitCEX	Variational	1.9%	3.6%	1.2%	1.1%	−1.7%	−2.5%	34d	weak	$174k	spread not incl.	By Va	calc
GateCEX	Hyperliquid	−22.8%	−4.1%	4.5%	6.8%	−1.7%	−2.6%	19d	cooling	$8.8M	4h/1h	Gt Hy	calc
Hyperliquid	Variational	22.7%	14.3%	0.2%	−4.5%	−2.1%	−3.2%	141d	weak	$174k	1h/4hspread not incl.	Hy Va	calc
MEXCCEX	Hyperliquid	−30.9%	−12.8%	1.0%	3.3%	−2.3%	−3.5%	45d	weak	$8.8M	4h/1h	Mx Hy	calc
GateCEX	BinanceCEX	8.1%	8.0%	4.1%	3.0%	−2.4%	−3.6%	22d	new	$22.8M		Gt Bn	calc
Hyperliquid	BitgetCEX	47.1%	16.8%	4.2%	−0.6%	−1.3%	−1.9%	18d	spike ×8.1	$8.8M	1h/4h	Hy Bg	calc
GateCEX	Extended	8.1%	7.9%	3.6%	3.6%	−1.6%	−2.4%	20d	weak	$40k	low OI4h/1h	Gt Ex	calc
GateCEX	BybitCEX	−2.0%	6.6%	3.6%	1.2%	−3.2%	−4.8%	26d	weak	$19.2M		Gt By	calc
MEXCCEX	BybitCEX	−10.1%	−2.1%	0.1%	−2.3%	−3.8%	−5.7%	530d	weak	$11.4M		Mx By	calc
BybitCEX	MEXCCEX	10.1%	2.1%	−0.1%	2.3%	−4.0%	−6.0%	—	weak	$11.4M		By Mx	calc
BybitCEX	Hyperliquid	−20.8%	−10.7%	0.9%	5.6%	−4.3%	−6.4%	77d	weak	$8.8M	4h/1h	By Hy	calc
MEXCCEX	Extended	0.0%	−0.8%	0.1%	0.2%	−2.2%	−3.3%	238d	weak	$40k	low OI4h/1h	Mx Ex	calc
Variational	MEXCCEX	8.2%	−1.5%	−1.3%	1.2%	−2.3%	−3.5%	—	mixed	$174k	spread not incl.	Va Mx	calc
Aster	BitgetCEX	0.0%	0.0%	0.1%	0.4%	−5.1%	−7.7%	>999d	weak	$237k		As Bg	calc
Hyperliquid	BybitCEX	20.8%	10.7%	−0.9%	−5.6%	−6.2%	−9.2%	—	weak	$8.8M	1h/4h	Hy By	calc
BinanceCEX	MEXCCEX	0.0%	0.7%	0.1%	0.0%	−3.5%	−5.3%	388d	mixed	$11.4M		Bn Mx	calc
Nado	GateCEX	−13.1%	−5.8%	2.2%	0.6%	−3.6%	−5.4%	37d	mixed	$252k	1h/4h	Na Gt	calc
BinanceCEX	Extended	0.0%	−0.1%	0.1%	0.1%	−3.8%	−5.7%	553d	new	$40k	low OI4h/1h	Bn Ex	calc
BybitCEX	Extended	10.1%	1.3%	0.0%	2.5%	−4.1%	−6.2%	>999d	weak	$40k	low OI4h/1h	By Ex	calc
Hyperliquid	BinanceCEX	30.9%	12.1%	0.7%	−1.0%	−4.2%	−6.4%	96d	mixed	$8.8M	1h/4h	Hy Bn	calc
Variational	BinanceCEX	8.2%	−2.2%	−1.7%	1.5%	−4.3%	−6.5%	—	mixed	$174k	spread not incl.	Va Bn	calc
Hyperliquid	MEXCCEX	30.9%	12.8%	−1.0%	−3.3%	−4.4%	−6.7%	—	mixed	$8.8M	1h/4h	Hy Mx	calc
Variational	Extended	8.2%	−2.3%	−1.1%	1.4%	−2.4%	−3.7%	—	mixed	$40k	low OI4h/1hspread not incl.	Va Ex	calc
BybitCEX	BinanceCEX	10.1%	1.4%	0.0%	2.8%	−5.5%	−8.2%	>999d	mixed	$19.2M		By Bn	calc
Extended	Hyperliquid	−30.9%	−12.0%	0.9%	3.1%	−2.7%	−4.1%	56d	mixed	$40k	low OI	Ex Hy	calc
GateCEX	Nado	13.1%	5.8%	−2.2%	−0.6%	−7.9%	−11.8%	—	mixed	$252k	4h/1h	Gt Na	calc
MEXCCEX	Nado	5.0%	−2.9%	−5.7%	−4.1%	−8.5%	−12.8%	—	mixed	$252k	4h/1h	Mx Na	calc
Variational	GateCEX	0.1%	−10.2%	−4.8%	−2.3%	−8.7%	−13.0%	—	mixed	$174k	spread not incl.	Va Gt	calc
Variational	Nado	13.2%	−4.4%	−6.9%	−2.9%	−8.8%	−13.1%	—	mixed	$174k	4h/1hspread not incl.	Va Na	calc
Hyperliquid	Extended	30.9%	12.0%	−0.9%	−3.1%	−4.6%	−6.8%	—	mixed	$40k	low OI	Hy Ex	calc
BinanceCEX	Nado	5.0%	−2.2%	−5.7%	−5.3%	−10.1%	−15.2%	—	mixed	$252k	4h/1h	Bn Na	calc
BybitCEX	GateCEX	2.0%	−6.6%	−3.6%	−1.2%	−10.4%	−15.6%	—	mixed	$19.2M		By Gt	calc
BybitCEX	Nado	15.1%	−0.8%	−5.8%	−1.8%	−10.4%	−15.7%	—	mixed	$252k	4h/1h	By Na	calc
Hyperliquid	GateCEX	22.8%	4.1%	−4.5%	−6.8%	−10.8%	−16.2%	—	mixed	$8.8M	1h/4h	Hy Gt	calc
Hyperliquid	Nado	35.9%	9.9%	−6.7%	−7.4%	−10.9%	−16.3%	—	mixed	$252k		Hy Na	calc
GateCEX	GRVT	2.2%	−0.9%	−5.5%	−1.2%	−11.8%	−17.6%	—	mixed	$410k		Gt Gr	calc
Variational	GRVT	2.3%	−11.1%	−10.3%	−3.5%	−12.6%	−18.9%	—	mixed	$174k	spread not incl.	Va Gr	calc
BybitCEX	GRVT	4.2%	−7.5%	−9.1%	−2.4%	−14.3%	−21.5%	—	mixed	$410k		By Gr	calc
Hyperliquid	GRVT	25.0%	3.2%	−10.0%	−8.0%	−14.7%	−22.1%	—	mixed	$410k	1h/4h	Hy Gr	calc
Extended	Nado	5.0%	−2.1%	−5.8%	−4.3%	−8.9%	−13.4%	—	mixed	$40k	low OI	Ex Na	calc

What the columns and badges mean

now: Current funding spread APR: short-leg rate minus long-leg rate, annualized.
24h: Average spread APR over the last 24 hours, on hours when both venues have data (settled funding, plus predicted rates for hours not settled yet).
7d: Average spread APR over the last 7 days, on hours when both venues have data (settled funding, plus predicted rates for hours not settled yet). Used for ranking and net APR.
30d: Average spread APR over the last 30 days, on hours when both venues have data (settled funding, plus predicted rates for hours not settled yet).
7d trend: Spread APR over the last 7 days in 6-hour averages; the dashed line is zero.
Net APR: 7d spread APR minus taker fees to open and close both legs, spread over the holding period: net = spread7d − fees × 365 / days. Per unit of notional per leg.
On capital: Net APR on the capital posted for both legs at this leverage: net × leverage / 2.
Breakeven: Days of 7d-average funding needed to pay back open+close taker fees.
Min OI: Smaller open interest of the two legs, USD.
steady: Steady: prior-week spread at least 5% APR, last 24h positive and no spike, positive now. Not negative in X% of hours over 7 days.
spike: The last 24h spread is far above the prior 6-day average (more than 3×, or above 15% APR after a weak prior) — it may not last.
mixed: The spread was negative too often: not negative in only X% of hours over 7 days.
new: Less than 4 days of shared history in the prior week: stability cannot be judged yet.
weak: Prior-week spread under 5% APR: too small to call steady.
cooling: The prior week was solid, but the last 24h or the current spread is not positive.
≠ asset?: Mark prices differ by N bps — these may be different assets under one ticker, or contracts of a different size (e.g. per 1,000 coins). Verify before trading.
stale: At least one leg has not updated for over 30 minutes.
low OI: Open interest under $50k on at least one leg — size carefully.
8h/1h: Funding intervals differ (8h vs 1h): payments are not simultaneous.
TradFi: Tokenized stock, index or commodity: trading sessions and oracle rules may differ.
invite only: Invite-only venue: an account needs an invite code, so it is not selected by default. Tick it in the venue filter to include it.
spread not incl.: A leg trades on quotes with no fee (Variational): the cost is the market maker's quote spread, which we cannot see, so the net APR is before it. Compare the quote with the mark price before you trade.
CEX: Centralized exchange: trading needs an account with identity verification (KYC).

Prices now

Buy on the row's venue at its ask, sell on the column's venue at its bid; spread before fees.

Indicative · marks from 2026-10-12 03:10 UTC

Live quotes are unavailable right now (last update: never). Shown instead: indicative spreads between mark prices from the funding snapshot. Marks are taken minutes apart and are not prices you can trade at.

No two venues give a usable spread right now.

PENGU: spread buying on the row's venue and selling on the column's venue
Buy ↓ · Sell →	MEXC0.008163
MEXC0.008163	—

All quotes (13)

Venue	Bid	Ask	Quality	Age	Vol 24h	Flags
MEXCCEX	0.008163	0.008163	mark	6m	$6.1M	no FX
Aster	0.00817835	0.00817835	mark	11m	$71k	staleno FX
BinanceCEX	0.0081771	0.0081771	mark	10m	$49.3M	staleno FX
BitgetCEX	0.008187	0.008187	mark	10m	$2.7M	staleno FX
BybitCEX	0.008174	0.008174	mark	10m	$10.8M	staleno FX
Extended	0.00816065	0.00816065	mark	11m	$129k	stale
GateCEX	0.008176	0.008176	mark	10m	$3.3M	staleno FX
GRVT	0.00817223	0.00817223	mark	11m	$2.1M	staleno FX
Hyperliquid	0.008168	0.008168	mark	11m	$4.5M	stale
Lighter	0.0081845	0.0081845	mark	11m	$179k	stale
Nado	0.00817849	0.00817849	mark	11m	$69k	staleno FX
RWA Perp	0.008162	0.008162	mark	11m	$75k	stale
Variational	0.00814391	0.00814391	mark	11m	$247k	stale

All spreads → · Hatched cells use a mark or mid price, a flagged venue or one outside the default selection.

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