English
中文 English

PENGU perpetuals

Compare funding costs for one asset across venues.

Data as of 2026-11-10 22:42 UTC

PENGU is quoted on 10 contracts. The highest funding rate is on Aster at +10.95% annualised, quoted per 4h, and the lowest is on Gate at +5.91% — a gap of 5.04 points. Rate periods differ across these contracts, so each is converted to a simple annualised figure before comparison.

Highest rate now
+10.95%
Aster · 4h
Lowest rate now
+5.91%
Gate · 4h
Spread
5.04
points
Highest 30d realised APR
+10.75%
Bitget

By venue

Venue Rate Annualised 30d realised APR Max leverage 24h turnover Actions
AsterOn-chainPENGUUSDT +0.0050%4h +10.95% +10.14%
Annualised · +10.14% · range -10.8% … +11.0% · 112 settlements
20x 70.8K
Liquidation → Trade
BinanceCentralisedPENGUUSDC +0.0050%4h +10.95% —
no history yet
 75x 2.2M
Liquidation → Trade
BybitCentralisedPENGUPERP +0.0050%4h +10.95% —
no history yet
 20x 11.3K
Liquidation → Trade
BybitCentralisedPENGUUSDT +0.0050%4h +10.95% +3.52%
Annualised · +3.52% · range -42.2% … +11.0% · 179 settlements
75x 4.9M
Liquidation → Trade
HyperliquidOn-chainPENGU +0.0013%1h +10.95% +3.91%
Annualised · +3.91% · range -81.6% … +11.0% · 715 settlements
5x 1.2M
Liquidation → Trade
LighterOn-chainPENGU +0.0096%8h +10.51% —
no history yet
 8x 40.3K
Liquidation → Trade
OKXCentralisedPENGU-USDT-SWAP +0.0043%4h +9.45% +4.81%
Annualised · +4.81% · range -15.8% … +11.0% · 180 settlements
50x 16.1M
Liquidation → Trade
BinanceCentralisedPENGUUSDT +0.0037%4h +8.18% +6.86%
Annualised · +6.86% · range -14.9% … +11.0% · 179 settlements
75x 27.3M
Liquidation → Trade
BitgetCentralisedPENGUUSDT +0.0034%4h +7.45% +10.75%
Annualised · +10.75% · range +0.9% … +11.0% · 179 settlements
75x 2.2M
Liquidation → Trade
GateCentralisedPENGU_USDT +0.0027%4h +5.91% +2.57%
Annualised · +2.57% · range -27.4% … +11.0% · 179 settlements
75x 2.5M
Liquidation → Trade

Common questions

Which exchanges list PENGU perpetual futures?

PENGU trades as 10 perpetual contracts across 8 venues: Aster, Binance, Bitget, Bybit, Gate, Hyperliquid, Lighter and OKX. The busiest is Binance, with $29.6M of 24h turnover — 52% of the total.

Where is PENGU funding cheapest right now?

For a long, the most favourable collected rate is +5.91% annualised on Gate; for a short, it is +10.95% on Aster — a gap of 5.04 points. Every venue collected has longs paying right now.

How much funding does a 10,000 USDT PENGU position pay per day?

At current rates a 10,000 USDT long pays about +3.00 USDT a day on Aster and +1.62 USDT on Gate. Over the past 30 days Aster actually settled an average of +2.78 USDT a day on the same position.

How often does PENGU funding settle?

It depends on the venue: Hyperliquid and Lighter every 1h; Aster, Binance, Bitget, Bybit and Gate every 4h.

What has PENGU funding actually paid over the past 30 days?

The highest realised figure was on Bitget: +10.75% annualised across 179 settlements, 0% of them negative. The lowest was Gate, at +2.57%. 7 of the 10 contracts have at least a week of settled history to measure.

What is the highest leverage available on PENGU?

The highest collected cap is 75x, on Binance PENGUUSDC, Binance PENGUUSDT, Bitget, Bybit PENGUUSDT and Gate. On Binance PENGUUSDC it applies up to 5K USDC of notional; above that the cap drops to 50x.

Further readingCross-venue funding spreads: from gross rates to net P&LHow funding fees work: amounts, signs and settlementHow liquidation price is calculated: tiered maintenance margin and deductions

PENGU comparison scope and payment direction

This page retains low-turnover PENGU contracts without the main ranking’s $1M threshold. Positive funding is paid by longs; negative funding is paid by shorts. High and low are rate values, not recommendations. These contracts quote in USD, USDC and USDT; check each specification for settlement currency and multiplier before comparing. Annualisation method · Official sources.

Rates and chart methodology

Annualised over the window sums what actually settled on that contract, then extrapolates across the hours those settlements covered — it is not today's rate projected forward. A contract listed less than 30 days ago is extrapolated from its own span. The grey line is zero: above it longs pay, below it shorts pay. Every row in that column shares one vertical scale, so their swings can be compared directly.

Trading link disclosure

Affiliate disclosure: We may earn a commission if you register and trade through some links. Partnerships do not influence the data displayed or rankings.

Margin ladders

Aster · PENGUUSDT With deduction

Tier Range Maintenance rate Max leverage Deduction
1 0 – 1000000 quote 2.5000% 20.00x —
2 1000000 – 2000000 quote 5.0000% 10.00x 25000
3 2000000 – 5000000 quote 10.0000% 5.00x 125000
4 5000000 – 10000000 quote 12.5000% 4.00x 250000
5 10000000 – 20000000 quote 16.6700% 3.00x 667000
6 20000000 – 40000000 quote 25.0000% 2.00x 2333000
7 40000000 – 1000000000 quote 50.0000% 1.00x 12333000

Binance · PENGUUSDC With deduction

Tier Range Maintenance rate Max leverage Deduction
1 0 – 5000 quote 1.0000% 75.00x —
2 5000 – 10000 quote 1.5000% 50.00x 25
3 10000 – 25000 quote 2.0000% 25.00x 75
4 25000 – 50000 quote 2.5000% 20.00x 200
5 50000 – 125000 quote 5.0000% 10.00x 1450
6 125000 – 250000 quote 10.0000% 5.00x 7700
7 250000 – 500000 quote 12.5000% 4.00x 13950
8 500000 – 4500000 quote 16.6700% 3.00x 34800
9 4500000 – 7500000 quote 25.0000% 2.00x 409650
10 7500000 – 12500000 quote 50.0000% 1.00x 2284650

Bybit · PENGUPERP With deduction

Tier Range Maintenance rate Max leverage Deduction
1 0 – 5000 quote 2.5000% 20.00x —
2 5000 – 9000 quote 2.6300% 19.00x 6.5
3 9000 – 13000 quote 2.7800% 18.00x 20
4 13000 – 17000 quote 2.9400% 17.00x 40.8
5 17000 – 21000 quote 3.1300% 16.00x 73.1
6 21000 – 25000 quote 3.3300% 15.00x 115.1
7 25000 – 40000 quote 3.5700% 14.00x 175.1
8 40000 – 55000 quote 3.8500% 13.00x 287.1
9 55000 – 70000 quote 4.1700% 12.00x 463.1
10 70000 – 85000 quote 4.5500% 11.00x 729.1
11 85000 – 100000 quote 5.0000% 10.00x 1111.6
12 100000 – 110000 quote 5.2600% 9.50x 1371.6
13 110000 – 120000 quote 5.5600% 9.00x 1701.6
14 120000 – 130000 quote 5.8800% 8.50x 2085.6
15 130000 – 140000 quote 6.2500% 8.00x 2566.6
16 140000 – 150000 quote 6.6700% 7.50x 3154.6
17 150000 – 160000 quote 7.1400% 7.00x 3859.6
18 160000 – 170000 quote 7.6900% 6.50x 4739.6
19 170000 – 180000 quote 8.3300% 6.00x 5827.6
20 180000 – 190000 quote 9.0900% 5.50x 7195.6
21 190000 – 200000 quote 10.0000% 5.00x 8924.6
22 200000 – 350000 quote 11.1100% 4.50x 11144.6
23 350000 – 500000 quote 12.5000% 4.00x 16009.6
24 500000 – 625000 quote 14.2900% 3.50x 24959.6
25 625000 – 750000 quote 16.6700% 3.00x 39834.6
26 750000 – 875000 quote 20.0000% 2.50x 64809.6
27 875000 – 1000000 quote 25.0000% 2.00x 108559.6
28 1000000 – 1300000 quote 33.3300% 1.50x 191859.6
29 1300000 – 1600000 quote 40.0000% 1.25x 278569.6
30 1600000 – ∞ quote 50.0000% 1.00x 438569.6

Bybit · PENGUUSDT With deduction

Tier Range Maintenance rate Max leverage Deduction
1 0 – 5000 quote 0.6700% 75.00x —
2 5000 – 10000 quote 1.0000% 50.00x 16.5
3 10000 – 30000 quote 2.0000% 25.00x 116.5
4 30000 – 50000 quote 2.5000% 20.00x 266.5
5 50000 – 250000 quote 5.0000% 10.00x 1516.5
6 250000 – 500000 quote 10.0000% 5.00x 14016.5
7 500000 – 850000 quote 12.5000% 4.00x 26516.5
8 850000 – 1500000 quote 25.0000% 2.00x 132766.5
9 1500000 – ∞ quote 50.0000% 1.00x 507766.5

Hyperliquid · PENGU With deduction

Tier Range Maintenance rate Max leverage Deduction
1 0 – ∞ quote 10.0000% 5.00x —

Lighter · PENGU No deduction

Tier Range Maintenance rate Max leverage Deduction
1 0 – ∞ quote 7.5000% 8.00x —

OKX · PENGU-USDT-SWAP No deduction

Tier Range Maintenance rate Max leverage Deduction
1 0 – 3750000 base 0.6500% 50.00x —
2 3750100 – 7500000 base 1.0000% 40.00x —
3 7500100 – 15000000 base 1.5000% 20.00x —
4 15000100 – 30000000 base 2.0000% 18.18x —
5 30000100 – 45000000 base 2.5000% 16.66x —
6 45000100 – 60000000 base 3.0000% 15.38x —
7 60000100 – 75000000 base 3.5000% 14.28x —
8 75000100 – 90000000 base 4.0000% 13.33x —
9 90000100 – 105000000 base 4.5000% 12.50x —
10 105000100 – 120000000 base 5.0000% 11.76x —
11 120000100 – 135000000 base 5.5000% 11.11x —
12 135000100 – 150000000 base 6.0000% 10.52x —
13 150000100 – 165000000 base 6.5000% 10.00x —
14 165000100 – 180000000 base 7.0000% 9.52x —
15 180000100 – 195000000 base 7.5000% 9.09x —
16 195000100 – 210000000 base 8.0000% 8.69x —
17 210000100 – 225000000 base 8.5000% 8.33x —
18 225000100 – 240000000 base 9.0000% 8.00x —
19 240000100 – 255000000 base 9.5000% 7.69x —
20 255000100 – 270000000 base 10.0000% 7.40x —
21 270000100 – 285000000 base 10.5000% 7.14x —
22 285000100 – 300000000 base 11.0000% 6.89x —
23 300000100 – 315000000 base 11.5000% 6.66x —
24 315000100 – 330000000 base 12.0000% 6.45x —
25 330000100 – 345000000 base 12.5000% 6.25x —
26 345000100 – 360000000 base 13.0000% 6.06x —
27 360000100 – 375000000 base 13.5000% 5.88x —
28 375000100 – 390000000 base 14.0000% 5.71x —
29 390000100 – 405000000 base 14.5000% 5.55x —
30 405000100 – 420000000 base 15.0000% 5.40x —
31 420000100 – 435000000 base 15.5000% 5.26x —
32 435000100 – 450000000 base 16.0000% 5.12x —
33 450000100 – 465000000 base 16.5000% 5.00x —
34 465000100 – 480000000 base 17.0000% 4.87x —
35 480000100 – 495000000 base 17.5000% 4.76x —
36 495000100 – 510000000 base 18.0000% 4.65x —
37 510000100 – 525000000 base 18.5000% 4.54x —
38 525000100 – 540000000 base 19.0000% 4.44x —
39 540000100 – 555000000 base 19.5000% 4.34x —
40 555000100 – 570000000 base 20.0000% 4.25x —
41 570000100 – 585000000 base 20.5000% 4.16x —
42 585000100 – 600000000 base 21.0000% 4.08x —
43 600000100 – 615000000 base 21.5000% 4.00x —
44 615000100 – 630000000 base 22.0000% 3.92x —
45 630000100 – 645000000 base 22.5000% 3.84x —
46 645000100 – 660000000 base 23.0000% 3.77x —
47 660000100 – 675000000 base 23.5000% 3.70x —
48 675000100 – 690000000 base 24.0000% 3.63x —
49 690000100 – 705000000 base 24.5000% 3.57x —
50 705000100 – 720000000 base 25.0000% 3.50x —
51 720000100 – 735000000 base 25.5000% 3.44x —
52 735000100 – 750000000 base 26.0000% 3.38x —
53 750000100 – 765000000 base 26.5000% 3.33x —
54 765000100 – 780000000 base 27.0000% 3.27x —
55 780000100 – 795000000 base 27.5000% 3.22x —
56 795000100 – 810000000 base 28.0000% 3.17x —
57 810000100 – 825000000 base 28.5000% 3.12x —
58 825000100 – 840000000 base 29.0000% 3.07x —
59 840000100 – 855000000 base 29.5000% 3.03x —
60 855000100 – 870000000 base 30.0000% 2.98x —
61 870000100 – 885000000 base 30.5000% 2.94x —
62 885000100 – 900000000 base 31.0000% 2.89x —
63 900000100 – 915000000 base 31.5000% 2.85x —
64 915000100 – 930000000 base 32.0000% 2.81x —
65 930000100 – 945000000 base 32.5000% 2.77x —
66 945000100 – 960000000 base 33.0000% 2.73x —
67 960000100 – 975000000 base 33.5000% 2.70x —
68 975000100 – 990000000 base 34.0000% 2.66x —
69 990000100 – 1005000000 base 34.5000% 2.63x —
70 1005000100 – 1020000000 base 35.0000% 2.59x —
71 1020000100 – 1035000000 base 35.5000% 2.56x —
72 1035000100 – 1050000000 base 36.0000% 2.53x —
73 1050000100 – 1065000000 base 36.5000% 2.50x —
74 1065000100 – 1080000000 base 37.0000% 2.46x —
75 1080000100 – 1095000000 base 37.5000% 2.43x —
76 1095000100 – 1110000000 base 38.0000% 2.40x —
77 1110000100 – 1125000000 base 38.5000% 2.38x —
78 1125000100 – 1140000000 base 39.0000% 2.35x —
79 1140000100 – 1155000000 base 39.5000% 2.32x —
80 1155000100 – 1170000000 base 40.0000% 2.29x —
81 1170000100 – 1185000000 base 40.5000% 2.27x —
82 1185000100 – 1200000000 base 41.0000% 2.24x —
83 1200000100 – 1215000000 base 41.5000% 2.22x —
84 1215000100 – 1230000000 base 42.0000% 2.19x —
85 1230000100 – 1245000000 base 42.5000% 2.17x —
86 1245000100 – 1260000000 base 43.0000% 2.15x —
87 1260000100 – 1275000000 base 43.5000% 2.12x —
88 1275000100 – 1290000000 base 44.0000% 2.10x —
89 1290000100 – 1305000000 base 44.5000% 2.08x —
90 1305000100 – 1320000000 base 45.0000% 2.06x —
91 1320000100 – 1335000000 base 45.5000% 2.04x —
92 1335000100 – 1350000000 base 46.0000% 2.02x —
93 1350000100 – 1365000000 base 46.5000% 2.00x —

Binance · PENGUUSDT With deduction

Tier Range Maintenance rate Max leverage Deduction
1 0 – 20000 quote 1.0000% 75.00x —
2 20000 – 200000 quote 1.5000% 50.00x 100
3 200000 – 1000000 quote 2.0000% 25.00x 1100
4 1000000 – 2000000 quote 2.5000% 20.00x 6100
5 2000000 – 5000000 quote 5.0000% 10.00x 56100
6 5000000 – 7500000 quote 10.0000% 5.00x 306100
7 7500000 – 10000000 quote 12.5000% 4.00x 493600
8 10000000 – 12500000 quote 25.0000% 2.00x 1743600
9 12500000 – 15000000 quote 50.0000% 1.00x 4868600

Bitget · PENGUUSDT No deduction

Tier Range Maintenance rate Max leverage Deduction
1 0 – 5000 quote 1.0000% 75.00x —
2 5000 – 10000 quote 1.5000% 50.00x —
3 10000 – 30000 quote 2.0000% 25.00x —
4 30000 – 50000 quote 3.0000% 20.00x —
5 50000 – 250000 quote 5.0000% 10.00x —
6 250000 – 500000 quote 12.0000% 5.00x —
7 500000 – 850000 quote 15.0000% 4.00x —
8 850000 – 1500000 quote 30.0000% 2.00x —
9 1500000 – ∞ quote 60.0000% 1.00x —

Gate · PENGU_USDT With deduction

Tier Range Maintenance rate Max leverage Deduction
1 0 – 10000 quote 0.8333% 75.00x —
2 10000 – 20000 quote 1.0000% 60.00x 16.67
3 20000 – 30000 quote 1.2000% 50.00x 56.67
4 30000 – 50000 quote 1.5000% 40.00x 146.67
5 50000 – 70000 quote 1.8000% 35.00x 296.67
6 70000 – 100000 quote 2.0000% 30.00x 436.67
7 100000 – 200000 quote 2.5000% 25.00x 936.67
8 200000 – 300000 quote 3.5000% 20.00x 2936.67
9 300000 – 500000 quote 4.0000% 16.00x 4436.67
10 500000 – 700000 quote 5.0000% 12.00x 9436.67
11 700000 – 1000000 quote 6.0000% 10.00x 16436.67
12 1000000 – 1500000 quote 8.0000% 8.00x 36436.67
13 1500000 – 2000000 quote 10.0000% 5.00x 66436.67
14 2000000 – 3000000 quote 15.0000% 4.00x 166436.67
15 3000000 – 5000000 quote 20.0000% 3.00x 316436.67
16 5000000 – 7000000 quote 30.0000% 2.00x 816436.67
17 7000000 – 10000000 quote 40.0000% 1.80x 1516436.67
18 10000000 – 15000000 quote 50.0000% 1.50x 2516436.67
19 15000000 – 20000000 quote 60.0000% 1.20x 4016436.67
20 20000000 – ∞ quote 80.0000% 1.05x 8016436.67