PENGU funding rates and arbitrage
Updated 2026-10-29 14:11 UTC
Best PENGU arbitrage after every cost
No PENGU pair 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 funding rate on every exchange
| Exchange | Contract | Rate | Every | Annualised | Settled 7d, annualised | Open interest | Next settlement |
|---|---|---|---|---|---|---|---|
| Crypto.com | PENGUUSD-PERP | 0.0043% | 1 h | +37.8% | +24.3% | $23.5K | 2026-10-29 15:00 |
| Backpack | PENGU_USDC_PERP | 0.0029% | 1 h | +25.5% | +34.0% | $299.3K | 2026-10-29 15:00 |
| HTX | PENGU-USDT | 0.0056% | 4 h | +12.2% | +48.7% | $149.7K | 2026-10-29 16:00 |
| Extended | PENGU-USD | 0.0013% | 1 h | +11.4% | +4.5% | $39.2K | 2026-10-29 15:00 |
| Phemex | PENGUUSDT | 0.0050% | 4 h | +10.9% | — | $1.5M | 2026-10-29 16:00 |
| Arcus | PENGU-USD | 0.0013% | 1 h | +10.9% | +11.0% | $39.2K | 2026-10-29 15:00 |
| Nado | PENGU-PERP_USDT0 | 0.0013% | 1 h | +10.9% | — | $72.1K | 2026-10-29 15:00 |
| Bitunix | PENGUUSDT | 0.0050% | 4 h | +10.9% | +4.4% | — | 2026-10-29 16:00 |
| MEXC | PENGU_USDT | 0.0050% | 4 h | +10.9% | +4.6% | $7.9M | 2026-10-29 16:00 |
| WhiteBIT | PENGU_PERP | 0.0050% | 4 h | +10.9% | +10.6% | $7.6M | 2026-10-29 16:00 |
| Pacifica | PENGU | 0.0013% | 1 h | +10.9% | +11.0% | $66.9K | 2026-10-29 15:00 |
| ApeX | PENGU-USDT | 0.0013% | 1 h | +10.9% | +10.8% | $48.1K | 2026-10-29 15:00 |
| Bitget | PENGUUSDT | 0.0050% | 4 h | +10.9% | +11.1% | $10.2M | 2026-10-29 16:00 |
| WOO X | PERP_PENGU_USDT | 0.0050% | 4 h | +10.9% | +4.5% | $2.1K | 2026-10-29 16:00 |
| LBank | PENGUUSDT | 0.0050% | 4 h | +10.9% | — | — | 2026-10-29 16:00 |
| BingX | PENGU-USDT | 0.0050% | 4 h | +10.9% | +11.1% | $2M | 2026-10-29 16:00 |
| Bybit | PENGUUSDT | 0.0050% | 4 h | +10.9% | +4.6% | $17.2M | 2026-10-29 16:00 |
| GRVT | PENGU_USDT_Perp | 0.0050% | 4 h | +10.9% | +11.1% | $392.5K | 2026-10-29 16:00 |
| Aster | PENGUUSDT | 0.0050% | 4 h | +10.9% | +9.8% | $183.8K | 2026-10-29 16:00 |
| Variational | PENGU-PERP | 0.0050% | 4 h | +10.9% | — | $148.2K | 2026-10-29 16:00 |
| TXFlow | PENGU-USDC | 0.0013% | 1 h | +10.9% | — | $156.5K | 2026-10-29 14:00 |
| Binance | PENGUUSDT | 0.0050% | 4 h | +10.9% | +4.5% | $33M | 2026-10-29 16:00 |
| Hyperliquid | PENGU | 0.0013% | 1 h | +10.9% | +10.7% | $6.3M | 2026-10-29 15:00 |
| Lighter | PENGU | 0.0012% | 1 h | +10.5% | +9.2% | $223.6K | 2026-10-29 15:00 |
| OKX | PENGU-USDT-SWAP | 0.0041% | 4 h | +9.0% | +7.2% | $7.6M | 2026-10-29 16:00 |
| Kraken | PF_PENGUUSD | 0.0009% | 1 h | +7.9% | +6.4% | $485.4K | 2026-10-29 15:00 |
| KuCoin | PENGUUSDTM | 0.0033% | 4 h | +7.2% | +7.8% | $6.7M | 2026-10-29 16:00 |
| Gate | PENGU_USDT | 0.0009% | 4 h | +2.0% | +5.8% | $10.1M | 2026-10-29 16:00 |
| dYdX | PENGU-USD | 0.0000% | 1 h | 0.0% | +0.4% | $2.3K | 2026-10-29 15:00 |
| BloFin | PENGU-USDT | -0.0100% | 4 h | −21.9% | +20.6% | $1.3M | 2026-10-29 16:00 |
Borrow PENGU to sell spot
| Exchange | Borrow APR | Per-account limit |
|---|---|---|
| Bitget | 7.86% | — |
| OKX | 9.38% | — |
| Bybit | 11.17% | — |
| Binance | 53.82% | — |
| Gate | 66.19% | $120K |
Cost to enter $10,000 of PENGU
| Exchange | Contract | Fee + slippage | Source |
|---|---|---|---|
| MEXC | PENGU_USDT | 2.2 bp | live order book |
| Nado | PENGU-PERP_USDT0 | 6.7 bp | order-book snapshot, 18 min old |
| Binance | PENGUUSDT | 8.7 bp | live order book |
| BingX | PENGU-USDT | 8.9 bp | live order book |
| Bybit | PENGUUSDT | 9.1 bp | live order book |
| OKX | PENGU-USDT-SWAP | 9.9 bp | live order book |
| Kraken | PF_PENGUUSD | 11.5 bp | order-book snapshot, 40 min old |
| Bitget | PENGUUSDT | 12.1 bp | live order book |
| BloFin | PENGU-USDT | 12.1 bp | live order book |
| GRVT | PENGU_USDT_Perp | 13.3 bp | order-book snapshot, 33 min old |
| ApeX | PENGU-USDT | 14.1 bp * | order-book snapshot, 31 min old |
| KuCoin | PENGUUSDTM | 22.7 bp | order-book snapshot, 46 min old |
Taker fee plus slippage of a market buy of $10,000 from the mid price, at standard (VIP0) fees. * fee estimated: the exchange publishes no fee schedule without an account.
More on PENGU
Questions
Is PENGU funding-rate arbitrage profitable right now?
Not at $10,000 per side for 7 days: no PENGU pair shows a verified profit after fees and order-book slippage right now. Rates change every hour; the live page re-ranks continuously.
Which exchange has the highest PENGU funding rate?
Crypto.com at +37.8% a year (0.0043% every 1 h); the lowest is BloFin at −21.9%. A positive rate is paid by longs to shorts, a negative one by shorts to longs.
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.