Squeeze Insights Lab
All Pairs

PENGU/USDT

Last updated: 11/1/2026, 5:13:41 AM

LOW RISK

Market calm across metrics

Stress Score (Normalized)
0.0300–1
1.0
Low RiskExtreme

Pulse signals— velocity & rarity composite

What's moving fast right now. Independent from the static stress score.

View timeline →
Pulse score (0–1)
0.357
Higher = inputs are simultaneously rare for this token and changing fast.
OI Δ 24h
+0.8%
OI Δ 7d
-5.1%
OI acceleration
-0.1%
ΔFunding 24h
+0.000%
|Funding| %ile
98
Vol compression
71
Volume spike
0
Perp basis
-0.041%

Stress-score timeline

StressPulse
00.5108-0508-2309-0909-2710-1511-02
2026-08-05 → 2026-11-02 · daily snapshots since tracking began

Aggregated Open Interest (All Exchanges)

Total OI
$49.85M
Binance
$29.91M
60.0%
Bybit
$14.99M
30.1%
KuCoin
$4.95M
9.9%
Market Cap
$489.15M
Market Cap / Aggregated OI
$489.15M / $49.85M= 9.8123

Risk Signals (Extra)

OI / Volume (24h)
1.959
Level: high
Exchange OI Dominance
binance
Share: 60.0%
Dominance risk

Liquidation history

Long-side 89% of 30d liqstoday: 1st percentile of 90d
$3.3M$1.1M$008-0408-2209-0909-2610-1411-01
Long liqs (above) Short liqs (below)

Positioning summary

Of the ~500 Hyperliquid accounts we track, 3 hold PENGU: $645.0K short across 3 positions — net $645.0K short. None of them is long, which says nothing about the rest of the venue. No tracked liquidation level sits within 60% of the $0.00713 Hyperliquid mark. That is the 2026-11-02 13:00 UTC whale sweep; the interactive panel below reloads it on its own.

Interval:

Open Interest

Coinalyze
Latest
$29.91M
ΔOI
+$1.07M

Funding Rate

Coinalyze
Latest
0.0050%
Points
24
Per-exchange futures data
▾
MetricBinanceBybitKuCoin
Price$0.007283$0.007279$0.007283
OI (USD)$29.91M$14.99M$4.95M
OI share60.0%30.1%9.9%
OI (tokens)4,107,485,3182,059,500,360678,999,840
Funding rate0.0050%——

A dimmed exchange means the pair isn't listed there. Funding & long/short are Binance-only.

External Data (CoinMarketCap & Coinalyze)

Market Cap
$489.15M
24h Liquidations
$7.09K
Token Symbol
PENGU
Sources
CMC, Coinalyze

PENGU sits in the BTC-trackers cohort. These perpetuals trade alike, so their leverage tends to build and unwind the way PENGU's does:

Stress score (0–1) and 24h price change, from the same daily sync as this page.

PENGU perpetuals — common questions

Answered from this pair's current readings, refreshed with the daily sync.

What are PENGU's current liquidation levels?

Across the exchanges we aggregate, $7.1K of PENGU positions were actually liquidated in the last 24 hours. Binance does not publish per-account liquidation prices, so the honest read for PENGUUSDT is the realised liquidation flow above plus the long/short split in the liquidation-history chart on this page — not a map of where stops sit.

How much open interest does PENGU have right now?

Aggregated open interest in PENGU perpetuals is $49.85M: $29.91M on Binance (60%), $14.99M on Bybit (30%) and $4.95M on KuCoin (10%). That position base is +0.8% over 24 hours and -5.1% over the last week. Open interest is 1.96× the pair's 24-hour volume, so positions are being held rather than churned.

What is PENGU's funding rate?

Binance settles PENGUUSDT funding at 0.0050% every 8 hours, which annualises to roughly 5.5%. Funding is positive, so longs are paying shorts to keep the trade on — the crowd is leaning long and carrying a cost to do it. At that rate a $10,000 position on the long side pays about $1.50 a day to stay open.

Are whales long or short PENGU?

Among the ~500 largest Hyperliquid accounts we track, 3 hold positions of $100k or more in PENGU: $0 long across 0 and $645.0K short across 3 — a net $645.0K short. None of them sits on the long side, which tells you about this roster, not about the venue. At the start of the tracked week that net figure was $632.1K short. These are real on-chain positions read off Hyperliquid, not a model output — roughly a third of Binance USDT-perps have a Hyperliquid market, and PENGU is one of them.

Is PENGU over-leveraged right now?

PENGU's leverage-stress score is 0.030 out of 1.0, which we band as low risk. It blends three readings: how big the perp book is next to the token itself ($489.15M of market cap against $49.85M of open interest), how violently open interest is swinging against the funding rate, and how much of the book is already being force-closed ($7.1K in the last 24 hours). A high score means fragile, not bearish: it says a move would be violent, not which way it would go.

Has PENGU seen heavy liquidations lately?

Over the last 30 complete days, 89% of the PENGU notional that got liquidated was long positions and 11% was shorts, so the pain has been mostly on the long side. The most recent 24-hour total ranks in the 1st percentile of the last 90 days, meaning today is unusually quiet for this pair. The mirrored bar chart on this page plots the daily long/short split for the past year.

PENGU/USDT (PENGUUSDT) perpetual futures shows a leverage-stress score of 0.030 out of 1.0 (low risk), $49.85M in aggregated open interest across Binance, Bybit, KuCoin, a funding rate of 0.0050% as of Nov 1, 2026. These are diagnostic readings of market conditions, not a trade signal.