Pengu (PENGU) — Funding Rates
Perpetual futures funding rates across exchanges
Pengu (PENGU) perpetual futures currently show funding across 25 markets, averaging 0.0448% per interval. The highest rate is 0.5000%.
A positive rate means longs pay shorts — a signal of crowded long positioning; a negative rate means shorts pay longs. Use this page to compare funding across venues and spot markets where the annualized rate is attractive.
Markets with Funding
25
Highest Rate
0.5000%
Lowest Rate
0.0000%
Total Perp Markets
25
Current Funding Rates
| Exchange | Pair | Funding Rate | Annualized APR | Interval | Price | Volume (24h) |
|---|---|---|---|---|---|---|
| OKX | PENGU/USDT | +0.0026% | +0.0% | 8000h · 12:00:00 AM | $0.01 | $3.13B |
| Xt | PENGU/USDT | +0.0049% | +0.0% | 8000h | $0.01 | $93.89M |
| Binance | PENGU/USDT | +0.0050% | +0.0% | 8000h · 8:00:00 PM | $0.01 | $93.86M |
| Kucoin | PENGU/USDT | +0.0050% | +0.0% | 8000h · 8:00:00 PM | $0.01 | $24.76M |
| Bybit | PENGU/USDT | +0.0050% | +0.0% | 8000h · 8:00:00 PM | $0.01 | $13.62M |
| Gate | PENGU/USDT | +0.0020% | +0.0% | 8000h · 12:00:00 AM | $0.00 | $10.89M |
| Bitget | PENGU/USDT | +0.0050% | +0.0% | 4000h · 8:00:00 PM | $0.01 | $8.41M |
| MEXC | PENGU/USDT | +0.0050% | +0.0% | 4000h · 8:00:00 PM | $0.01 | $6.69M |
| Binance | PENGU/USDC | +0.0050% | +0.0% | 8000h · 8:00:00 PM | $0.01 | $6.57M |
| Whitebit | PENGU/USDT | +0.0050% | +0.0% | 8000h · 8:00:00 PM | $0.01 | $4.86M |
| Bitunix | PENGU/USDT | +0.5000% | +0.5% | 8000h · 8:00:00 PM | $0.01 | $4.12M |
| Blofin | PENGU/USDT | +0.0170% | +0.0% | 8000h · 8:00:00 PM | $0.01 | $2.97M |
| Phemex | PENGU/USDT | +0.0050% | +0.0% | 8000h | $0.01 | $2.83M |
| Bingx | PENGU/USDC | +0.0050% | +0.0% | 4000h · 8:00:00 PM | $0.01 | $2.26M |
| Bingx | PENGU/USDT | +0.0050% | +0.0% | 4000h · 8:00:00 PM | $0.01 | $2.21M |
| Grvt | PENGU/USDT | +0.5000% | +0.5% | 8000h | $0.01 | $2.14M |
| Pionex | PENGU/USDT | +0.0050% | +0.0% | 8000h · 8:00:00 PM | $0.01 | $928.2K |
| Aster | PENGU/USDT | +0.0050% | +0.0% | 1000h · 8:00:00 PM | $0.01 | $485.78K |
| Btse | PENGU/USD | +0.0050% | +0.0% | 8000h | $0.01 | $475.01K |
| Bybit | PENGU/USDC | +0.0050% | +0.0% | 8000h · 8:00:00 PM | $0.01 | $202.1K |
| Deribit | PENGU/USDC | +0.0050% | +0.0% | 8000h | $0.01 | $200.6K |
| MEXC | PENGU/USDC | +0.0050% | +0.0% | 4000h · 8:00:00 PM | $0.01 | $129.8K |
| Lighter | PENGU/USDC | +0.0096% | +0.1% | 1000h · 8:12:02 PM | $0.01 | $128.17K |
| Bitget | PENGU/USDC | +0.0047% | +0.0% | 4000h · 8:00:00 PM | $0.01 | $68.77K |
| Dydx | PENGU/USD | +0.0000% | +0.0% | 8000h | $0.01 | $3.47K |
Pengu Funding Rate FAQ
What is the PENGU funding rate?expand_more
The funding rate is a periodic payment between longs and shorts on perpetual futures markets. A positive rate means longs pay shorts; a negative rate means shorts pay longs. It keeps the perpetual price anchored to spot.
Why is the funding rate positive or negative?expand_more
When most traders are long, funding turns positive to encourage shorts; when the crowd is short, funding turns negative to encourage longs. Extreme values often signal crowded positioning and potential reversals.
How is APR calculated from the funding rate?expand_more
APR annualizes the rate using the funding interval: rate × (24h / interval hours) × 365. For example, a 0.01% rate paid every 8 hours annualizes to roughly 10.95%.
When is funding paid on PENGU perpetuals?expand_more
Most exchanges settle funding every 8 hours (00:00, 08:00, 16:00 UTC), though some venues use 4-hour or 1-hour intervals. The exact next settlement time is shown next to each market on this page.
What is considered a high funding rate?expand_more
Sustained funding above 0.05-0.1% per interval is elevated and indicates strong directional crowding. Funding arbitrage traders typically look for markets where the annualized rate exceeds holding costs.
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