PENG Funding Rate — live across 4 venues

Perpetual funding · compared across 4 venues · net of estimated fees · updated every few minutes

Live annualized PENG perpetual funding across all 4 venues Perpia tracks. Right now PENG funding is positive on 1 and negative on 0, ranging from +10.9% on Nado to +0.0% on Gate.io — a spread of 10.9%. The widest delta-neutral trade is long Bitget / short Nado at 3.5% net APR.

4venues

1paying positive

10.9%funding spread

Best PENG spread now

3.5%

net APR after fees

LongBitget↗→ShortNado↗

size depends on live venue depth — see the real cap in the scanner

PENG funding trend & liquidity

168h of history

10.9%current gross APR

10.9%24h average

10.9%7-day average

$25Kpair OI · lower leg

$49K24h volume · lower leg

Averages are historical funding over the window shown. A current rate near the 7-day average may indicate the spread has persisted; a rate far above it is usually a short-lived spike. OI and volume are the smaller (binding) leg of the best pair — the ceiling on tradeable size.

PENG · Bitget → Nado — no history

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Build a route

any two of the 4 venues

Long (pays you)every 8hShort (you collect)every 24h

Gross spread+10.9%+$3.00 / day on $10,000

Widest routes

This is the widest route right now. The number is gross: fees, the entry spread and slippage are not in it, and both legs must be tradeable for you. The scanner carries the same pairs net of costs.

Venues: pick the two legs

sorted by rate · 4 venues

Venue	Funding APR ↓	Interval
Nado↗short	+10.9%	every 24h
Bitget↗long	+0.0%	every 8h
OKX↗	+0.0%	every 8h
Gate.io↗	+0.0%	every 8h

Rates annualized; updated ~every few minutes from live venue data. Venue names link to that exchange's full funding table; ↗ opens the market on the exchange itself. Every spread between these two venues is on the Bitget vs Nado page. 3 pairs scanned for PENG.

PENG arbitrage — 30-day backtest

long Bitget · short Nado

10.9%backtested APR

+$90historical net P&L on $10,000

0.00%max drawdown

$10,000$10,090

30 days agostarting capital $10,000today

Over the last 30 days, holding long Bitget / short Nado would have produced 10.9% APR — versus the 3.5% the live spread implies right now (equity $10,000 → $10,090). This is a backtest on historical funding, not a live result: funding drifts and decays, so backtested results rarely match the current headline rate — which is why size and holding window matter more than the top-line number.

Open full interactive backtest →

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PENG — FAQ

Is PENG funding positive right now?

PENG perpetual funding is positive on 1 of 4 venues Perpia tracks. The highest is +10.9% on Nado; the lowest is +0.0% on Gate.io.

What is the best PENG funding arbitrage right now?

Go long Bitget and short Nado for about 3.5% net APR after fees — the widest delta-neutral PENG spread Perpia currently sees.

Which exchange has the highest PENG funding rate?

Nado, at +10.9% annualized. Funding shifts continuously, so check the live table above before trading.

How PENG funding arbitrage works

Funding arbitrage combines opposing positions on two venues — long the one paying the most negative funding, short the one paying the most positive — to reduce directional exposure and capture the difference between their funding payments. Fees, slippage, basis divergence and liquidation risk can reduce the result. See the methodology for how it is measured and the guide for the full walkthrough.

Markets related to PENG

also quoted on both Bitget and Nado

The same two exchanges you would already have funded for the PENG trade. Every spread between them is on the Bitget vs Nado page.

Open the live scanner →All funding rates Funding by exchange How we calculate this