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PENGU — funding rate on Gate
Gate · PENGU_USDT+0.002%per 4h · 0.000%/hshorts receive
last settlement+0.005%→upcoming payout+0.002%• unchanged
2:24:40settlement
0calmheat
Price (mark)
0.006304
+1.2% 24h
Vol 24h
$1.4M
Open interest
$6.8M
Price move in 2 min
—
avg 7d
-0.000%/h
avg 30d
0.000%/h
Entry economics
Position calculator
- Position size
- $2,500
- Funding per settlement (4h)
- $0.05 · $0.01/hour
- Net snipe per settlement
- $-3.96 = 0.002% − 0.110% − 0.050%
- Break-even for entry
- rate covers the threshold 0.01×needs 0.160%+ per settlement
- Liquidation price
- 0.007533 (+19.50% from price)
- Risk at this leverage
- no volatility data
- Max “green” leverage
- —
Funding goes to whoever holds the position at the cut-off. MMR in the liquidation formula is +0.50%; verify the price on the exchange before trading.
Context and comparison
Funding history · 180 settlements
PENGU on 8 exchanges
| Exchange | Rate | Per hour | Receives | Snipe |
|---|---|---|---|---|
| Bybit | -0.006% / 4h | -0.002%/h | longs | -0.154% |
| Binance | +0.005% / 4h | +0.001%/h | shorts | -0.155% |
| Hyperliquid | +0.001% / 1h | +0.001%/h | shorts | -0.159% |
| Bitget | +0.005% / 4h | +0.001%/h | shorts | -0.155% |
| OKX | +0.005% / 4h | +0.001%/h | shorts | -0.155% |
| Bitunix | +0.005% / 4h | +0.001%/h | shorts | -0.155% |
| Aster | +0.005% / 4h | +0.001%/h | shorts | -0.155% |
| Gate ← you are here | +0.002% / 4h | 0.000%/h | shorts | -0.158% |
Bybit-0.002%/h
longsrate -0.006% / 4hsnipe -0.154%
Binance+0.001%/h
shortsrate +0.005% / 4hsnipe -0.155%
Hyperliquid+0.001%/h
shortsrate +0.001% / 1hsnipe -0.159%
Bitget+0.001%/h
shortsrate +0.005% / 4hsnipe -0.155%
OKX+0.001%/h
shortsrate +0.005% / 4hsnipe -0.155%
Bitunix+0.001%/h
shortsrate +0.005% / 4hsnipe -0.155%
Aster+0.001%/h
shortsrate +0.005% / 4hsnipe -0.155%
Gate← you are here0.000%/h
shortsrate +0.002% / 4hsnipe -0.158%
Max spread across exchanges: +0.003%/h
PENGU across all exchanges: comparison & curves →Rates across exchangesPRO · free in beta
7 exchanges on one timeline
Gateevery 4hBinanceevery 4hHyperliquidevery 1hBitgetevery 4hOKXevery 4hBitunixevery 4hBybitevery 4hrate corridor between exchanges
exchanges settle at different frequencies — an 8-hour step is bound to «lag» a 1-hour one, that's its grid, not a slower market
spread typically
0.0019%/h
widest spread
0.0041%/h
09.11 09:00 UTC · Gate ↔ Bybit
the spread is the hedge's rate before fees: that's what an hour of the pair-trade yields
How to read this
- Snipe: enter short before the cut-off, exit after settlement. Funding goes to whoever holds the position at the cut-off. The net capture in the calculator is already net of fees and slippage — and it does not include price moving against you in the settlement window (see volatility above).
- Hedged: a short here + an opposite position of the same size on another exchange or spot — funding capture without price risk, but four legs of fees.
- Extreme funding is a crowd story: price often runs into the cut-off and reverses after. This is data for a decision, not a recommendation.