PENGU funding rate
Hyperliquid vs Binance vs Bybit — normalized to 8h6/12/2026, 9:40:10 AM
Hyperliquid (predicted)
-0.0031%
8h
Binance
-0.0025%
8h
Bybit
-0.0161%
8h
Cross-exchange gap
Direction: short on Hyperliquid, long on Bybit · 14.2%/yr(0.0130% / 8h)
Excludes fees, slippage and settlement timing. Informational only — not investment advice.
FAQ
What is the PENGU funding rate right now?
Normalized to 8h: Hyperliquid -0.0031%, Binance -0.0025%, Bybit -0.0161%. This page refreshes about every 5 minutes.
How is funding settled?
Hyperliquid settles hourly; Binance and Bybit typically every 8 hours. Positive funding means longs pay shorts; negative means the reverse. All values here are normalized to 8h for comparison.
Can the cross-exchange gap be arbitraged?
The current PENGU gap is ≈ 14.2%/yr. In theory you could short on Hyperliquid, long on Bybit to hedge price risk and collect the spread, but fees, slippage and settlement timing matter. Informational only — not investment advice.