PENGU Funding Rate — live across 16 venues
25 DEX + 8 CEX · net of fees · updated continuously
Live annualized PENGU perpetual funding across all 16 venues Perpia tracks. Right now PENGU funding is positive on 13 and negative on 3, ranging from +11.4% on Extended to -14.0% on Lighter — a spread of 25.4%. The widest delta-neutral trade is long Lighter / short Extended at 22.2% net APR.
PENGU funding rate by venue
62 pairs scanned| Venue | Funding APR | Interval |
|---|---|---|
| Extended | +11.4% | 1h |
| OKX | +10.9% | 4h |
| Gate.io | +10.9% | 4h |
| Bybit | +10.9% | 4h |
| KuCoin | +10.9% | 4h |
| Hyperliquid | +10.9% | 1h |
| BackPack | +10.9% | 1h |
| Aster | +10.9% | 4h |
| BingX | +10.9% | 4h |
| Pacifica | +10.9% | 1h |
| Bitget | +9.2% | 4h |
| MEXC | +5.5% | 8h |
| Binance | +5.5% | 8h |
| Nado | -4.1% | 24h |
| Variational | -4.2% | 4h |
| Lighter | -14.0% | 8h |
Rates annualized; updated ~every few minutes from live venue data.
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PENGU funding — FAQ
Is PENGU funding positive right now?
PENGU perpetual funding is positive on 13 of 16 venues Perpia tracks and negative on 3. The highest is +11.4% on Extended; the lowest is -14.0% on Lighter.
What is the best PENGU funding arbitrage right now?
Go long Lighter and short Extended for about 22.2% net APR after fees — the widest delta-neutral PENGU spread Perpia currently sees.
Which exchange has the highest PENGU funding rate?
Extended, at +11.4% annualized. Funding shifts continuously, so check the live table above before trading.
How PENGU funding arbitrage works
Funding-rate arbitrage is delta-neutral: you go long the venue paying the most negative funding and short the one paying the most positive, so price moves cancel and you collect the spread. The catch is liquidity — a huge APR on a thin book caps at a few thousand dollars and often flips within hours. Perpia shows the max size after slippage and tracks whether a spread holds, so you filter instead of chasing the number.