PENGU funding: questions and answers
What is the PENGU funding rate on Lighter now?
0.0012% per hour, or 10.5% APR: longs pay shorts; funding on Lighter is paid every hour.
How does PENGU funding on Lighter compare with Binance and Bybit?
Binance: -0.5% APR (paid every 8 h), Bybit: 1.9% APR. The difference between Lighter and Binance is +11.0% per year.
What has PENGU funding been on average?
On Lighter: 7.4% APR over 24 hours, 9.2% over 7 days and 10.3% over 30 days. Longs paid in 98% of the hours over the last 30 days.
What does high or negative PENGU funding mean?
High funding means the market is crowded with longs: holding a long is expensive and a fall can trigger a long squeeze. Negative funding means crowded shorts. Check who exactly is positioned and where their liquidations are on the whale positions page and the liquidation map.