OKX PENGU perpetual
PENGU-USDT-SWAP
As of 2026-11-11 23:06 UTC, PENGU-USDT-SWAP on OKX has a collected rate of +0.0045% over 4h, or +9.91% simple annualised; its collected settlement interval is 4h, with up to 50x leverage. Gate has a lower rate for longs at +6.13%.
Settled rates over the past 30 days
Settled funding for PENGU-USDT-SWAP
The latest 30-day window contains 180 settlements covering 720 known-period hours, with a cumulative rate of +0.4191%. The latest 12 settlements are shown below.
| Settlement time (UTC) | Rate | Rate period |
|---|---|---|
| 2026-11-11 20:00 | +0.0050% | 4h |
| 2026-11-11 16:00 | +0.0050% | 4h |
| 2026-11-11 12:00 | +0.0050% | 4h |
| 2026-11-11 08:00 | +0.0050% | 4h |
| 2026-11-11 04:00 | -0.0028% | 4h |
| 2026-11-11 00:00 | +0.0037% | 4h |
| 2026-11-10 20:00 | +0.0035% | 4h |
| 2026-11-10 16:00 | -0.0008% | 4h |
| 2026-11-10 12:00 | +0.0050% | 4h |
| 2026-11-10 08:00 | +0.0050% | 4h |
| 2026-11-10 04:00 | +0.0050% | 4h |
| 2026-11-10 00:00 | +0.0025% | 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 PENGU-USDT-SWAP, 10,000 USDT of notional × 0.004527% gives 0.4527 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 PENGU-USDT-SWAP?
This table selects tiers by base-asset quantity in PENGU, not by the amount of margin deposited. The first tier starts at 0 and ends at 3750000 PENGU. Above that, tier 2 requires 1.0000% maintenance margin.
Contract units and calculator input
One PENGU-USDT-SWAP contract represents 100 PENGU. Order lot size is expressed in the venue’s original unit. The liquidation calculator expects base-asset quantity; do not enter a contract count without converting units.
Further readingHow liquidation price is calculated: tiered maintenance margin and deductionsPerpetual max leverage and margin tiers compared across 8 venuesHow funding fees work: amounts, signs and settlement
Maintenance margin ladder
No 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 – 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 | — |
Contract specification
Quote currency: USDT · Settlement currency: USDT · Settlement interval: 4h (00:00 · 04:00 · 08:00 · 12:00 · 16:00 · 20:00 UTC). Lot size uses the venue’s original order unit; the calculator takes base-asset quantity. Settlement intervals and times on every venue.
The same asset elsewhere
| Venue | Contract | Rate period | Annualised |
|---|---|---|---|
| Gate | PENGU_USDT | 4h | +6.13% |
| Bitget | PENGUUSDT | 4h | +7.67% |
| OKX this page | PENGU-USDT-SWAP | 4h | +9.91% |
| Lighter | PENGU | 8h | +10.51% |
| Aster | PENGUUSDT | 4h | +10.95% |
| Binance | PENGUUSDC | 4h | +10.95% |
| Binance | PENGUUSDT | 4h | +10.95% |
| Bybit | PENGUPERP | 4h | +10.95% |
| Bybit | PENGUUSDT | 4h | +10.95% |
| Hyperliquid | PENGU | 1h | +10.95% |
Common questions
What is the OKX PENGU funding rate?
The latest collected OKX PENGU funding rate is +0.0045% per 4h rate period, or +9.91% simple annualised. At this rate longs pay shorts.
How often is funding charged on OKX PENGU?
The collected settlement interval is 4h, normally 6 times a day. Settlements fall at 00:00, 04:00, 08:00, 12:00, 16:00 and 20:00 UTC, the same times in UTC+8. Venues can change it again; confirm the next settlement time on the venue's contract page.
What is the maximum leverage on OKX PENGU?
The collected leverage cap for OKX PENGU is 50x, with 93 margin tiers shown. The first margin tier, up to 3750000 PENGU, allows 50x; the second allows 40x.
What is the maintenance margin rate on OKX PENGU?
The first tier requires 0.6500%, with 93 available tiers. The applicable requirement depends on the position’s tier. This venue applies no deduction: maintenance margin = notional × the rate of the tier the position falls in.
Which venue has the lowest PENGU funding cost for longs?
For a long position, Gate currently has the lowest rate at +6.13% annualised; this page's OKX is at +9.91%. Negative funding pays longs. Trading costs are excluded, and the cash-flow direction reverses for shorts.
What has OKX PENGU funding paid over the past 30 days?
Settlements over the past 30 days annualise to +5.10% across 180 settlements, 21% 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 2026-11-11 23:06 UTC; an unsettled quote may still change. A dash denotes missing usable data, not zero. OKX official data source · Funding methodology
History coverage for this contract
180 settlements are available, covering 720 known-period hours, from 2026-10-13 00:00 to 2026-11-11 20:00 UTC. Annualisation uses those covered hours; a full 30-day record is not implied.