PENGU funding rates

PENGU perpetual funding is currently quoted across 14 venues, ranging from +0.0% to +15.5% APR. The most reliable delta-neutral pairing for PENGU right now is long Nado / short Lighter at +0.5% net APR (low risk, ~3.2d to break even).

as of 2026-10-27 15:04 UTC
Best delta-neutral pairing
Long Nado / Short Lighter
+0.5% net APR
Backtested (30d)
+4.7%
Stability
68.8%
Risk
low
Breakeven
~3.2d

Ranked by 30-day reliability (backtest × stability × risk) — the spread that holds, not just the widest current rate.

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PENGU funding by exchange

ExchangeFunding APR
Kraken+15.51%
Extended+11.39%
Hyperliquid+10.95%
Pacifica+10.95%
Arcus+10.95%
SoDEX+10.95%
Aster+10.95%
TxFlow+10.95%
Grvt+10.95%
Lighter+10.51%
n1xyz+9.64%
Variational+7.67%
Nado+6.24%
dYdX+0.00%

Frequently asked

What is the PENGU funding rate right now?

PENGU perpetual funding ranges from 0.00% to 15.51% APR across 14 exchanges we track; the widest delta-neutral spread is long Nado / short Lighter at 0.5% net APR.

Which exchange has the highest PENGU funding rate?

Kraken currently has the highest at 15.51% APR. See the full ranking above.