PENGU perpetuals

Compare funding costs for one asset across venues.

Data as of 2026-10-01 00:32 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 Bybit at -28.73% — a gap of 39.68 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

-28.73%

Bybit · 4h

Spread

39.68

points

Highest 30d realised APR

+10.84%

Bitget

By venue

Venue	Rate	Annualised	30d realised APR	Max leverage	24h turnover	Actions
AsterOn-chainPENGUUSDT	+0.0050%4h	+10.95%	— no history yet	20x	974.0K	Liquidation → Trade →
BinanceCentralisedPENGUUSDC	+0.0050%4h	+10.95%	— no history yet	75x	6.7M	Liquidation → Trade →
BitgetCentralisedPENGUUSDT	+0.0050%4h	+10.95%	+10.84%	75x	11.6M	Liquidation → Trade →
BybitCentralisedPENGUPERP	+0.0050%4h	+10.95%	— no history yet	20x	49.5K	Liquidation → Trade →
GateCentralisedPENGU_USDT	+0.0050%4h	+10.95%	+6.10%	75x	8.8M	Liquidation → Trade →
HyperliquidOn-chainPENGU	+0.0013%1h	+10.95%	+4.03%	5x	9.3M	Liquidation → Trade →
OKXCentralisedPENGU-USDT-SWAP	+0.0050%4h	+10.95%	+9.60%	50x	40.9M	Liquidation → Trade →
LighterOn-chainPENGU	+0.0096%8h	+10.51%	— no history yet	8x	731.7K	Liquidation → Trade →
BinanceCentralisedPENGUUSDT	+0.0022%4h	+4.79%	— no history yet	75x	122.0M	Liquidation → Trade →
BybitCentralisedPENGUUSDT	-0.0131%4h	-28.73%	+5.56%	75x	35.2M	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 $128.7M of 24h turnover — 54% of the total.

Where is PENGU funding cheapest right now?

For a long, the most favourable collected rate is -28.73% annualised on Bybit PENGUUSDT; for a short, it is +10.95% on Aster — a gap of 39.68 points. Venues disagree on direction: a long is paid on Bybit PENGUUSDT but pays on Aster.

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 -7.87 USDT on Bybit PENGUUSDT. Over the past 30 days Bybit PENGUUSDT actually settled an average of +1.52 USDT a day on the same position. A negative figure means the long is paid.

How often does PENGU funding settle?

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

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

The highest realised figure was on Bitget: +10.84% annualised across 49 settlements, 0% of them negative. The lowest was Hyperliquid, at +4.03%. 5 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.

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

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	—

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

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

Hyperliquid · PENGU With deduction

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

OKX · PENGU-USDT-SWAP No deduction

Tier	Range	Maintenance rate	Max leverage	Deduction
1	0 – 2000000 base	1.0000%	50.00x	—
2	2000100 – 3800000 base	1.5000%	40.00x	—
3	3800100 – 7800000 base	3.0000%	20.00x	—
4	7800100 – 15600000 base	3.5000%	18.18x	—
5	15600100 – 23400000 base	4.0000%	16.66x	—
6	23400100 – 31200000 base	4.5000%	15.38x	—
7	31200100 – 39000000 base	5.0000%	14.28x	—
8	39000100 – 46800000 base	5.5000%	13.33x	—
9	46800100 – 54600000 base	6.0000%	12.50x	—
10	54600100 – 62400000 base	6.5000%	11.76x	—
11	62400100 – 70200000 base	7.0000%	11.11x	—
12	70200100 – 78000000 base	7.5000%	10.52x	—
13	78000100 – 85800000 base	8.0000%	10.00x	—
14	85800100 – 93600000 base	8.5000%	9.52x	—
15	93600100 – 101400000 base	9.0000%	9.09x	—
16	101400100 – 109200000 base	9.5000%	8.69x	—
17	109200100 – 117000000 base	10.0000%	8.33x	—
18	117000100 – 124800000 base	10.5000%	8.00x	—
19	124800100 – 132600000 base	11.0000%	7.69x	—
20	132600100 – 140400000 base	11.5000%	7.40x	—
21	140400100 – 148200000 base	12.0000%	7.14x	—
22	148200100 – 156000000 base	12.5000%	6.89x	—
23	156000100 – 163800000 base	13.0000%	6.66x	—
24	163800100 – 171600000 base	13.5000%	6.45x	—
25	171600100 – 179400000 base	14.0000%	6.25x	—
26	179400100 – 187200000 base	14.5000%	6.06x	—
27	187200100 – 195000000 base	15.0000%	5.88x	—
28	195000100 – 202800000 base	15.5000%	5.71x	—
29	202800100 – 210600000 base	16.0000%	5.55x	—
30	210600100 – 218400000 base	16.5000%	5.40x	—
31	218400100 – 226200000 base	17.0000%	5.26x	—
32	226200100 – 234000000 base	17.5000%	5.12x	—
33	234000100 – 241800000 base	18.0000%	5.00x	—
34	241800100 – 249600000 base	18.5000%	4.87x	—
35	249600100 – 257400000 base	19.0000%	4.76x	—
36	257400100 – 265200000 base	19.5000%	4.65x	—
37	265200100 – 273000000 base	20.0000%	4.54x	—
38	273000100 – 280800000 base	20.5000%	4.44x	—
39	280800100 – 288600000 base	21.0000%	4.34x	—
40	288600100 – 296400000 base	21.5000%	4.25x	—
41	296400100 – 304200000 base	22.0000%	4.16x	—
42	304200100 – 312000000 base	22.5000%	4.08x	—
43	312000100 – 319800000 base	23.0000%	4.00x	—
44	319800100 – 327600000 base	23.5000%	3.92x	—
45	327600100 – 335400000 base	24.0000%	3.84x	—
46	335400100 – 343200000 base	24.5000%	3.77x	—
47	343200100 – 351000000 base	25.0000%	3.70x	—
48	351000100 – 358800000 base	25.5000%	3.63x	—
49	358800100 – 366600000 base	26.0000%	3.57x	—
50	366600100 – 374400000 base	26.5000%	3.50x	—
51	374400100 – 382200000 base	27.0000%	3.44x	—
52	382200100 – 390000000 base	27.5000%	3.38x	—
53	390000100 – 397800000 base	28.0000%	3.33x	—
54	397800100 – 405600000 base	28.5000%	3.27x	—
55	405600100 – 413400000 base	29.0000%	3.22x	—
56	413400100 – 421200000 base	29.5000%	3.17x	—
57	421200100 – 429000000 base	30.0000%	3.12x	—
58	429000100 – 436800000 base	30.5000%	3.07x	—
59	436800100 – 444600000 base	31.0000%	3.03x	—
60	444600100 – 452400000 base	31.5000%	2.98x	—
61	452400100 – 460200000 base	32.0000%	2.94x	—
62	460200100 – 468000000 base	32.5000%	2.89x	—
63	468000100 – 475800000 base	33.0000%	2.85x	—
64	475800100 – 483600000 base	33.5000%	2.81x	—
65	483600100 – 491400000 base	34.0000%	2.77x	—
66	491400100 – 499200000 base	34.5000%	2.73x	—
67	499200100 – 507000000 base	35.0000%	2.70x	—
68	507000100 – 514800000 base	35.5000%	2.66x	—
69	514800100 – 522600000 base	36.0000%	2.63x	—
70	522600100 – 530400000 base	36.5000%	2.59x	—
71	530400100 – 538200000 base	37.0000%	2.56x	—
72	538200100 – 546000000 base	37.5000%	2.53x	—
73	546000100 – 553800000 base	38.0000%	2.50x	—
74	553800100 – 561600000 base	38.5000%	2.46x	—
75	561600100 – 569400000 base	39.0000%	2.43x	—
76	569400100 – 577200000 base	39.5000%	2.40x	—
77	577200100 – 585000000 base	40.0000%	2.38x	—
78	585000100 – 592800000 base	40.5000%	2.35x	—
79	592800100 – 600600000 base	41.0000%	2.32x	—
80	600600100 – 608400000 base	41.5000%	2.29x	—
81	608400100 – 616200000 base	42.0000%	2.27x	—
82	616200100 – 624000000 base	42.5000%	2.24x	—
83	624000100 – 631800000 base	43.0000%	2.22x	—
84	631800100 – 639600000 base	43.5000%	2.19x	—
85	639600100 – 647400000 base	44.0000%	2.17x	—
86	647400100 – 655200000 base	44.5000%	2.15x	—
87	655200100 – 663000000 base	45.0000%	2.12x	—
88	663000100 – 670800000 base	45.5000%	2.10x	—
89	670800100 – 678600000 base	46.0000%	2.08x	—
90	678600100 – 686400000 base	46.5000%	2.06x	—
91	686400100 – 694200000 base	47.0000%	2.04x	—
92	694200100 – 702000000 base	47.5000%	2.02x	—
93	702000100 – 709800000 base	48.0000%	2.00x	—

Lighter · PENGU No deduction

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

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

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