PENGU funding rate: Hyperliquid vs Lighter

Price 0.007455 · every rate converted to APR · Hyperliquid and Lighter pay funding every hour

Hyperliquid, APR
-46.0%
-0.0052% per hour
Lighter, APR
7.0%
0.0008% per hour
Binance, APR
2.6%
0.0003% per hour
Bybit, APR
-15.1%
-0.0017% per hour
Max spread, APR
53.0%
Short on Lighter, long on Hyperliquid

Average paid funding, APR

Exchange24 hours7 days30 days
Hyperliquid-10.2%-13.0%8.5%
Lighter8.2%9.4%10.3%

Hyperliquid funding by hour, 7 days

11/10, 02:00: -0.0005% (-4.4% APR)11/10, 03:00: 0.0001% (0.5% APR)11/10, 04:00: 0.0009% (7.7% APR)11/10, 05:00: 0.0013% (10.9% APR)11/10, 06:00: 0.0013% (10.9% APR)11/10, 07:00: 0.0013% (10.9% APR)11/10, 08:00: 0.0013% (10.9% APR)11/10, 09:00: 0.0013% (10.9% APR)11/10, 10:00: 0.0013% (10.9% APR)11/10, 11:00: 0.0013% (10.9% APR)11/10, 12:00: 0.0013% (10.9% APR)11/10, 13:00: 0.0009% (7.6% APR)11/10, 14:00: 0.0003% (3.0% APR)11/10, 15:00: 0.0013% (10.9% APR)11/10, 16:00: 0.0013% (10.9% APR)11/10, 17:00: 0.0003% (2.7% APR)11/10, 18:00: -0.0024% (-20.7% APR)11/10, 19:00: -0.0021% (-18.1% APR)11/10, 20:00: -0.0025% (-22.1% APR)11/10, 21:00: -0.0010% (-8.9% APR)11/10, 22:00: -0.0008% (-7.3% APR)11/10, 23:00: 0.0008% (6.6% APR)12/10, 00:00: -0.0024% (-21.2% APR)12/10, 01:00: -0.0055% (-48.2% APR)12/10, 02:00: -0.0058% (-50.5% APR)12/10, 03:00: -0.0038% (-32.9% APR)12/10, 04:00: -0.0024% (-20.7% APR)12/10, 05:00: -0.0013% (-11.7% APR)12/10, 06:00: -0.0013% (-11.3% APR)12/10, 07:00: -0.0020% (-17.7% APR)12/10, 08:00: -0.0018% (-15.7% APR)12/10, 09:00: -0.0010% (-8.4% APR)12/10, 10:00: -0.0001% (-0.5% APR)12/10, 11:00: -0.0015% (-12.9% APR)12/10, 12:00: -0.0029% (-25.3% APR)12/10, 13:00: -0.0033% (-28.6% APR)12/10, 14:00: -0.0020% (-17.6% APR)12/10, 15:00: -0.0010% (-8.6% APR)12/10, 16:00: -0.0085% (-74.6% APR)12/10, 17:00: -0.0080% (-69.9% APR)12/10, 18:00: -0.0066% (-57.7% APR)12/10, 19:00: -0.0049% (-42.7% APR)12/10, 20:00: -0.0034% (-30.0% APR)12/10, 21:00: -0.0034% (-29.6% APR)12/10, 22:00: -0.0037% (-32.3% APR)12/10, 23:00: -0.0035% (-30.8% APR)13/10, 00:00: -0.0035% (-30.4% APR)13/10, 01:00: -0.0021% (-18.2% APR)13/10, 02:00: -0.0030% (-26.2% APR)13/10, 03:00: -0.0046% (-40.6% APR)13/10, 04:00: -0.0032% (-28.2% APR)13/10, 05:00: -0.0050% (-44.2% APR)13/10, 06:00: -0.0033% (-28.9% APR)13/10, 07:00: -0.0039% (-33.9% APR)13/10, 08:00: -0.0016% (-14.1% APR)13/10, 09:00: -0.0022% (-19.3% APR)13/10, 10:00: -0.0029% (-25.5% APR)13/10, 11:00: -0.0022% (-19.5% APR)13/10, 12:00: -0.0019% (-16.6% APR)13/10, 13:00: -0.0014% (-12.2% APR)13/10, 14:00: -0.0019% (-17.0% APR)13/10, 15:00: -0.0031% (-27.4% APR)13/10, 16:00: -0.0031% (-27.1% APR)13/10, 17:00: -0.0014% (-12.4% APR)13/10, 18:00: -0.0021% (-18.5% APR)13/10, 19:00: -0.0023% (-19.9% APR)13/10, 20:00: -0.0013% (-11.2% APR)13/10, 21:00: -0.0014% (-11.9% APR)13/10, 22:00: -0.0008% (-6.7% APR)13/10, 23:00: -0.0021% (-18.4% APR)14/10, 00:00: -0.0016% (-13.7% APR)14/10, 01:00: -0.0008% (-6.7% APR)14/10, 02:00: -0.0018% (-16.0% APR)14/10, 03:00: -0.0051% (-44.8% APR)14/10, 04:00: -0.0041% (-35.8% APR)14/10, 05:00: -0.0061% (-53.1% APR)14/10, 06:00: -0.0057% (-49.6% APR)14/10, 07:00: -0.0036% (-31.9% APR)14/10, 08:00: -0.0028% (-24.9% APR)14/10, 09:00: -0.0030% (-25.9% APR)14/10, 10:00: -0.0030% (-26.3% APR)14/10, 11:00: -0.0015% (-13.1% APR)14/10, 12:00: -0.0019% (-16.2% APR)14/10, 13:00: -0.0027% (-23.6% APR)14/10, 14:00: -0.0033% (-29.1% APR)14/10, 15:00: -0.0033% (-28.7% APR)14/10, 16:00: -0.0013% (-11.3% APR)14/10, 17:00: 0.0003% (3.1% APR)14/10, 18:00: -0.0010% (-9.0% APR)14/10, 19:00: -0.0016% (-14.0% APR)14/10, 20:00: -0.0007% (-6.3% APR)14/10, 21:00: -0.0009% (-7.5% APR)14/10, 22:00: -0.0023% (-20.4% APR)14/10, 23:00: -0.0003% (-2.9% APR)15/10, 00:00: 0.0000% (0.0% APR)15/10, 01:00: 0.0003% (2.8% APR)15/10, 02:00: -0.0002% (-1.4% APR)15/10, 03:00: -0.0093% (-81.6% APR)15/10, 04:00: -0.0082% (-72.1% APR)15/10, 05:00: -0.0069% (-60.1% APR)15/10, 06:00: -0.0064% (-55.7% APR)15/10, 07:00: -0.0043% (-37.5% APR)15/10, 08:00: -0.0037% (-32.4% APR)15/10, 09:00: -0.0038% (-33.0% APR)15/10, 10:00: -0.0038% (-33.3% APR)15/10, 11:00: -0.0042% (-36.6% APR)15/10, 12:00: -0.0021% (-18.5% APR)15/10, 13:00: -0.0029% (-25.1% APR)15/10, 14:00: -0.0016% (-13.9% APR)15/10, 15:00: 0.0011% (10.0% APR)15/10, 16:00: 0.0012% (10.8% APR)15/10, 17:00: 0.0004% (3.7% APR)15/10, 18:00: 0.0007% (6.1% APR)15/10, 19:00: -0.0007% (-5.9% APR)15/10, 20:00: 0.0002% (1.9% APR)15/10, 21:00: 0.0011% (9.6% APR)15/10, 22:00: 0.0013% (10.9% APR)15/10, 23:00: 0.0013% (10.9% APR)16/10, 00:00: 0.0013% (10.9% APR)16/10, 01:00: 0.0013% (10.9% APR)16/10, 02:00: 0.0013% (10.9% APR)16/10, 03:00: 0.0013% (10.9% APR)16/10, 04:00: 0.0013% (10.9% APR)16/10, 05:00: 0.0013% (10.9% APR)16/10, 06:00: 0.0013% (10.9% APR)16/10, 07:00: 0.0013% (10.9% APR)16/10, 08:00: 0.0013% (10.9% APR)16/10, 09:00: 0.0013% (10.9% APR)16/10, 10:00: 0.0013% (10.9% APR)16/10, 11:00: 0.0013% (10.9% APR)16/10, 12:00: 0.0013% (10.9% APR)16/10, 13:00: 0.0013% (10.9% APR)16/10, 14:00: -0.0005% (-4.3% APR)16/10, 15:00: 0.0013% (10.9% APR)16/10, 16:00: 0.0009% (7.8% APR)16/10, 17:00: -0.0011% (-9.4% APR)16/10, 18:00: -0.0032% (-27.9% APR)16/10, 19:00: -0.0007% (-6.5% APR)16/10, 20:00: 0.0003% (2.5% APR)16/10, 21:00: 0.0007% (6.5% APR)16/10, 22:00: 0.0013% (10.9% APR)16/10, 23:00: 0.0013% (10.9% APR)17/10, 00:00: 0.0013% (10.9% APR)17/10, 01:00: 0.0013% (10.9% APR)17/10, 02:00: 0.0002% (1.8% APR)17/10, 03:00: 0.0009% (7.8% APR)17/10, 04:00: 0.0013% (10.9% APR)17/10, 05:00: 0.0008% (6.6% APR)17/10, 06:00: 0.0007% (6.2% APR)17/10, 07:00: 0.0011% (9.8% APR)17/10, 08:00: 0.0000% (0.2% APR)17/10, 09:00: -0.0001% (-0.9% APR)17/10, 10:00: -0.0010% (-8.5% APR)17/10, 11:00: -0.0000% (-0.4% APR)17/10, 12:00: 0.0013% (10.9% APR)17/10, 13:00: -0.0005% (-4.1% APR)17/10, 14:00: -0.0003% (-2.5% APR)17/10, 15:00: -0.0003% (-3.0% APR)17/10, 16:00: -0.0020% (-17.8% APR)17/10, 17:00: -0.0042% (-36.6% APR)17/10, 18:00: -0.0039% (-34.2% APR)17/10, 19:00: -0.0011% (-10.0% APR)17/10, 20:00: -0.0010% (-8.6% APR)17/10, 21:00: -0.0028% (-24.2% APR)17/10, 22:00: -0.0019% (-16.5% APR)17/10, 23:00: -0.0028% (-24.2% APR)18/10, 00:00: -0.0060% (-52.4% APR)18/10, 01:00: -0.0062% (-54.7% APR)+82% APR−82%12 Oct13 Oct14 Oct15 Oct16 Oct17 Oct
Longs pay shortsShorts pay longs

Lighter funding by hour, 7 days

11/10, 02:00: 0.0012% (10.5% APR)11/10, 03:00: 0.0012% (10.5% APR)11/10, 04:00: 0.0012% (10.5% APR)11/10, 05:00: 0.0012% (10.5% APR)11/10, 06:00: 0.0012% (10.5% APR)11/10, 07:00: 0.0012% (10.5% APR)11/10, 08:00: 0.0012% (10.5% APR)11/10, 09:00: 0.0012% (10.5% APR)11/10, 10:00: 0.0012% (10.5% APR)11/10, 11:00: 0.0012% (10.5% APR)11/10, 12:00: 0.0012% (10.5% APR)11/10, 13:00: 0.0012% (10.5% APR)11/10, 14:00: 0.0012% (10.5% APR)11/10, 15:00: 0.0012% (10.5% APR)11/10, 16:00: 0.0012% (10.5% APR)11/10, 17:00: 0.0012% (10.5% APR)11/10, 18:00: 0.0012% (10.5% APR)11/10, 19:00: 0.0012% (10.5% APR)11/10, 20:00: 0.0012% (10.5% APR)11/10, 21:00: 0.0012% (10.5% APR)11/10, 22:00: 0.0012% (10.5% APR)11/10, 23:00: 0.0012% (10.5% APR)12/10, 00:00: 0.0012% (10.5% APR)12/10, 01:00: 0.0012% (10.5% APR)12/10, 02:00: 0.0012% (10.5% APR)12/10, 03:00: 0.0012% (10.5% APR)12/10, 04:00: 0.0012% (10.5% APR)12/10, 05:00: 0.0012% (10.5% APR)12/10, 06:00: 0.0012% (10.5% APR)12/10, 07:00: 0.0012% (10.5% APR)12/10, 08:00: 0.0012% (10.5% APR)12/10, 09:00: 0.0012% (10.5% APR)12/10, 10:00: 0.0012% (10.5% APR)12/10, 11:00: 0.0012% (10.5% APR)12/10, 12:00: 0.0012% (10.5% APR)12/10, 13:00: 0.0012% (10.5% APR)12/10, 14:00: 0.0012% (10.5% APR)12/10, 15:00: 0.0012% (10.5% APR)12/10, 16:00: 0.0012% (10.5% APR)12/10, 17:00: 0.0012% (10.5% APR)12/10, 18:00: 0.0012% (10.5% APR)12/10, 19:00: 0.0012% (10.5% APR)12/10, 20:00: 0.0012% (10.5% APR)12/10, 21:00: 0.0012% (10.5% APR)12/10, 22:00: 0.0012% (10.5% APR)12/10, 23:00: 0.0012% (10.5% APR)13/10, 00:00: 0.0012% (10.5% APR)13/10, 01:00: 0.0000% (0.0% APR)13/10, 02:00: -0.0003% (-2.6% APR)13/10, 03:00: 0.0012% (10.5% APR)13/10, 04:00: 0.0012% (10.5% APR)13/10, 05:00: 0.0012% (10.5% APR)13/10, 06:00: 0.0012% (10.5% APR)13/10, 07:00: 0.0012% (10.5% APR)13/10, 08:00: 0.0012% (10.5% APR)13/10, 09:00: 0.0012% (10.5% APR)13/10, 10:00: 0.0012% (10.5% APR)13/10, 11:00: 0.0012% (10.5% APR)13/10, 12:00: 0.0012% (10.5% APR)13/10, 13:00: 0.0012% (10.5% APR)13/10, 14:00: 0.0012% (10.5% APR)13/10, 15:00: 0.0012% (10.5% APR)13/10, 16:00: 0.0012% (10.5% APR)13/10, 17:00: 0.0012% (10.5% APR)13/10, 18:00: 0.0012% (10.5% APR)13/10, 19:00: 0.0012% (10.5% APR)13/10, 20:00: 0.0012% (10.5% APR)13/10, 21:00: 0.0012% (10.5% APR)13/10, 22:00: 0.0012% (10.5% APR)13/10, 23:00: 0.0012% (10.5% APR)14/10, 00:00: 0.0012% (10.5% APR)14/10, 01:00: 0.0012% (10.5% APR)14/10, 02:00: 0.0012% (10.5% APR)14/10, 03:00: 0.0012% (10.5% APR)14/10, 04:00: 0.0012% (10.5% APR)14/10, 05:00: 0.0012% (10.5% APR)14/10, 06:00: 0.0012% (10.5% APR)14/10, 07:00: 0.0012% (10.5% APR)14/10, 08:00: 0.0012% (10.5% APR)14/10, 09:00: 0.0012% (10.5% APR)14/10, 10:00: 0.0012% (10.5% APR)14/10, 11:00: 0.0012% (10.5% APR)14/10, 12:00: 0.0012% (10.5% APR)14/10, 13:00: 0.0012% (10.5% APR)14/10, 14:00: 0.0011% (9.6% APR)14/10, 15:00: 0.0012% (10.5% APR)14/10, 16:00: 0.0006% (5.3% APR)14/10, 17:00: 0.0012% (10.5% APR)14/10, 18:00: 0.0007% (6.1% APR)14/10, 19:00: 0.0011% (9.6% APR)14/10, 20:00: 0.0012% (10.5% APR)14/10, 21:00: 0.0012% (10.5% APR)14/10, 22:00: 0.0012% (10.5% APR)14/10, 23:00: 0.0012% (10.5% APR)15/10, 00:00: 0.0012% (10.5% APR)15/10, 01:00: 0.0012% (10.5% APR)15/10, 02:00: 0.0012% (10.5% APR)15/10, 03:00: 0.0009% (7.9% APR)15/10, 04:00: -0.0005% (-4.4% APR)15/10, 05:00: 0.0002% (1.8% APR)15/10, 06:00: -0.0007% (-6.1% APR)15/10, 07:00: 0.0011% (9.6% APR)15/10, 08:00: 0.0012% (10.5% APR)15/10, 09:00: 0.0001% (0.9% APR)15/10, 10:00: 0.0004% (3.5% APR)15/10, 11:00: 0.0000% (0.0% APR)15/10, 12:00: 0.0012% (10.5% APR)15/10, 13:00: 0.0004% (3.5% APR)15/10, 14:00: 0.0012% (10.5% APR)15/10, 15:00: 0.0012% (10.5% APR)15/10, 16:00: 0.0012% (10.5% APR)15/10, 17:00: 0.0012% (10.5% APR)15/10, 18:00: 0.0012% (10.5% APR)15/10, 19:00: 0.0012% (10.5% APR)15/10, 20:00: 0.0010% (8.8% APR)15/10, 21:00: 0.0012% (10.5% APR)15/10, 22:00: 0.0012% (10.5% APR)15/10, 23:00: 0.0012% (10.5% APR)16/10, 00:00: 0.0008% (7.0% APR)16/10, 01:00: 0.0012% (10.5% APR)16/10, 02:00: 0.0012% (10.5% APR)16/10, 03:00: 0.0012% (10.5% APR)16/10, 04:00: 0.0012% (10.5% APR)16/10, 05:00: 0.0012% (10.5% APR)16/10, 06:00: 0.0012% (10.5% APR)16/10, 07:00: 0.0012% (10.5% APR)16/10, 08:00: 0.0012% (10.5% APR)16/10, 09:00: 0.0012% (10.5% APR)16/10, 10:00: 0.0012% (10.5% APR)16/10, 11:00: 0.0012% (10.5% APR)16/10, 12:00: 0.0012% (10.5% APR)16/10, 13:00: 0.0012% (10.5% APR)16/10, 14:00: 0.0012% (10.5% APR)16/10, 15:00: 0.0012% (10.5% APR)16/10, 16:00: 0.0012% (10.5% APR)16/10, 17:00: 0.0012% (10.5% APR)16/10, 18:00: 0.0012% (10.5% APR)16/10, 19:00: 0.0012% (10.5% APR)16/10, 20:00: 0.0005% (4.4% APR)16/10, 21:00: 0.0009% (7.9% APR)16/10, 22:00: 0.0012% (10.5% APR)16/10, 23:00: 0.0012% (10.5% APR)17/10, 00:00: 0.0010% (8.8% APR)17/10, 01:00: 0.0012% (10.5% APR)17/10, 02:00: 0.0012% (10.5% APR)17/10, 03:00: 0.0002% (1.8% APR)17/10, 04:00: 0.0008% (7.0% APR)17/10, 05:00: 0.0012% (10.5% APR)17/10, 06:00: 0.0012% (10.5% APR)17/10, 07:00: 0.0012% (10.5% APR)17/10, 08:00: 0.0012% (10.5% APR)17/10, 09:00: 0.0012% (10.5% APR)17/10, 10:00: 0.0012% (10.5% APR)17/10, 11:00: 0.0012% (10.5% APR)17/10, 12:00: 0.0012% (10.5% APR)17/10, 13:00: 0.0012% (10.5% APR)17/10, 14:00: 0.0012% (10.5% APR)17/10, 15:00: 0.0012% (10.5% APR)17/10, 16:00: 0.0012% (10.5% APR)17/10, 17:00: 0.0012% (10.5% APR)17/10, 18:00: 0.0011% (9.6% APR)17/10, 19:00: 0.0012% (10.5% APR)17/10, 20:00: 0.0012% (10.5% APR)17/10, 21:00: 0.0010% (8.8% APR)17/10, 22:00: 0.0000% (0.0% APR)17/10, 23:00: -0.0004% (-3.5% APR)18/10, 00:00: -0.0005% (-4.4% APR)18/10, 01:00: 0.0012% (10.5% APR)+11% APR−11%12 Oct13 Oct14 Oct15 Oct16 Oct17 Oct
Longs pay shortsShorts pay longs

PENGU funding on Hyperliquid →PENGU: whale positions →All markets: funding comparison →

PENGU funding comparison: questions and answers

Where is PENGU funding the highest right now?

Lighter: 7.0%, Binance: 2.6%, Bybit: -15.1%, Hyperliquid: -46.0% APR. A positive rate means longs pay shorts.

How can you earn the PENGU funding spread?

Short PENGU on Lighter and go long the same size on Hyperliquid: the price risk is hedged, and the difference of 53.0% a year is collected while it lasts. Fees, the price gap between exchanges and a change of the rates eat into the profit, and each side can be liquidated.

What has PENGU funding averaged on Hyperliquid and Lighter?

Hyperliquid: -10.2% over 24 hours and -13.0% over 7 days. Lighter: 8.2% over 24 hours and 9.4% over 7 days (APR).