Borrow PENGU: rates on every exchange
Annualised margin borrow rates for PENGU at VIP 0, and whether borrowing it to collect negative funding pays after every cost.
Updated 2026-10-29 14:51 UTC
PENGU borrow rates by exchange
| Exchange | Now | 24 h avg | 7-day avg | Rate counted | Per-account limit | Platform remaining | Status |
|---|---|---|---|---|---|---|---|
| Bitget | 6.81% | 7.86% | 6.50% | 7.86% | $224.8K | $56.9K | Borrowable |
| OKX | 9.30% | 9.38% | 9.42% | 9.38% | $40.9K | not published | Borrowable |
| Bybit | 11.14% | 11.17% | 11.17% | 11.17% | $63.2K | not published | Borrowable |
| Binance | 53.82% | 46.50% | 46.43% | 53.82% | $10.5K | not published | Borrowable |
| Gate | 66.19% | 65.11% | 65.40% | 66.19% * | $120K | not published | Borrowable |
Annualised simply (hourly rate × 8,760). Rate counted = the higher of the current rate and the 24 h average, as in every calculation on AfterFees. * Gate: rate × the published VIP multiplier (inferred).
Reverse carry on PENGU: borrow and sell spot, long the perp
No reverse PENGU carry nets a profit at this size right now.
At $10,000 per side, held 7 days, after taker fees, order-book slippage and carry.
PENGU perps, most negative funding first
Coins
| Funding rates and every arbitrage on this coin | PENGU |
Questions
Where is it cheapest to borrow PENGU?
Bitget, at 7.86% a year at the rate we count (the higher of the current rate and the 24 h average), among 5 exchanges that lend PENGU.
Can I earn negative funding on PENGU by borrowing it?
Not right now: no reverse PENGU carry covers its borrow interest, fees and slippage at $10,000 for 7 days.
The method behind every number on AfterFees is published; Pro opens each figure into its line-by-line calculation. Estimates from current data, not investment advice. We never hold funds or trade for you.