Bybit PENGU perpetual
PENGUUSDT
As of 2026-09-30 23:59 UTC, PENGUUSDT on Bybit has a collected rate of +0.0050% over 4h, or +10.95% simple annualised; its collected settlement interval is 4h, with up to 75x leverage. Binance has a lower rate for longs at -2.26%.
Settled rates over the past 30 days
Settled funding for PENGUUSDT
The latest 30-day window contains 49 settlements covering 196 known-period hours, with a cumulative rate of +0.1243%. The latest 12 settlements are shown below.
| Settlement time (UTC) | Rate | Rate period |
|---|---|---|
| 2026-09-09 04:00 | +0.0050% | 4h |
| 2026-09-09 00:00 | +0.0050% | 4h |
| 2026-09-08 20:00 | +0.0050% | 4h |
| 2026-09-08 16:00 | +0.0011% | 4h |
| 2026-09-08 12:00 | +0.0050% | 4h |
| 2026-09-08 08:00 | -0.0006% | 4h |
| 2026-09-08 04:00 | -0.0049% | 4h |
| 2026-09-08 00:00 | -0.0043% | 4h |
| 2026-09-07 20:00 | -0.0004% | 4h |
| 2026-09-07 16:00 | +0.0050% | 4h |
| 2026-09-07 12:00 | +0.0050% | 4h |
| 2026-09-07 08:00 | +0.0036% | 4h |
The cumulative rate sums actual settlements with known periods. Positive totals mean net payment by longs and receipt by shorts; negative totals reverse the direction. If notional value changed, multiplying the current position by this total will not reproduce account cash flows. Historical rates do not predict returns.
What does this rate mean for a 10,000 USDT position?
For PENGUUSDT, 10,000 USDT of notional × 0.005000% gives 0.5000 USDT over the quoted 4h rate period: longs pay and shorts receive. This is a constant-rate illustration, not a settled bill or a forecast. Use the actual settlement rate and notional at each settlement; leverage is not multiplied again. Trading fees are separate.
How do I select the margin tier for PENGUUSDT?
This table selects tiers by position notional in USDT, not by the amount of margin deposited. The first tier starts at 0 and ends at 5000 USDT. Above that, tier 2 requires 1.0000% maintenance margin.
Maintenance margin ladder
With deduction · An isolated-margin estimate for linear contracts; excludes closing fees, accrued funding, auto-added margin and other positions.
| 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 |
Contract specification
Quote currency: USDT · Settlement currency: USDT · Settlement interval: 4h. Lot size uses the venue’s original order unit; the calculator takes base-asset quantity.
The same asset elsewhere
| Venue | Contract | Rate period | Annualised |
|---|---|---|---|
| Binance | PENGUUSDT | 4h | -2.26% |
| Gate | PENGU_USDT | 4h | +3.94% |
| OKX | PENGU-USDT-SWAP | 4h | +10.13% |
| Lighter | PENGU | 8h | +10.51% |
| Aster | PENGUUSDT | 4h | +10.95% |
| Binance | PENGUUSDC | 4h | +10.95% |
| Bitget | PENGUUSDT | 4h | +10.95% |
| Bybit | PENGUPERP | 4h | +10.95% |
| Bybit this page | PENGUUSDT | 4h | +10.95% |
| Hyperliquid | PENGU | 1h | +10.95% |
Common questions
What is the Bybit PENGU funding rate?
The latest collected Bybit PENGU funding rate is +0.0050% per 4h rate period, or +10.95% simple annualised. At this rate longs pay shorts.
How often is funding charged on Bybit PENGU?
The collected settlement interval is 4h, normally 6 times a day. Venues can change it; confirm the next settlement time on the contract page.
What is the maximum leverage on Bybit PENGU?
The collected leverage cap for Bybit PENGU is 75x, with 9 margin tiers shown. The first margin tier, up to 5K USDT, allows 75x; the second allows 50x.
What is the maintenance margin rate on Bybit PENGU?
The first tier requires 0.6700%, with 9 available tiers. The applicable requirement depends on the position’s tier. This venue applies a deduction: maintenance margin = notional × tier rate − the tier's maintenance amount.
Which venue has the lowest PENGU funding cost for longs?
For a long position, Binance currently has the lowest rate at -2.26% annualised; this page's Bybit is at +10.95%. Negative funding pays longs. Trading costs are excluded, and the cash-flow direction reverses for shorts.
What has Bybit PENGU funding paid over the past 30 days?
Settlements over the past 30 days annualise to +5.56% across 49 settlements, 20% of which were negative (shorts paying). That is what already happened, not a forecast.
Observation time and verification
This contract’s funding was observed at 2026-09-30 23:59 UTC; an unsettled quote may still change. A dash denotes missing usable data, not zero. Bybit official data source · Funding methodology
History coverage for this contract
49 settlements are available, covering 196 known-period hours, from 2026-09-01 04:00 to 2026-09-09 04:00 UTC. Annualisation uses those covered hours; a full 30-day record is not implied.