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Crypto pair

VS

HYPE vs PENGU: Side-by-Side

Crypto vs Crypto up to 10x Funding every 1h 0.07% per side 86 markets

Hyperliquid and Pudgy Penguins, side by side on the dimensions that matter for a perp trader: class, structure and behaviour.

On this page Returns Risk and funding Side by side Verdict FAQ

HyperliquidHYPE-PERP · Canton

Pudgy PenguinsPENGU-PERP · Canton

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Price

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24h

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YTD return ——

30D volatility ——

Max leverage 10x5x

Both legs on Canborsa Sign up›

HYPE-PERP vs PENGU-PERP

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Hyperliquid–Pudgy Penguins Price ratio

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90d

Correlation

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PENGU vs HYPE

Volatility ratio · 90d

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HYPE

1Y return spread

Returns by window · winner marked

Who returned more, window by window

Window

HYPE

PENGU

Spread

1W

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1M

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3M

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1Y

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Performance · indexed overlay

HYPE vs PENGU, indexed to 100

HYPE·PENGU

Risk · volatility and correlation

Volatility and correlation

Realized volatility (annualized)

HYPEPENGU

30D · HYPE

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30D · PENGU

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90D · HYPE

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90D · PENGU

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Wider bar = more volatile. Values load with the live window.

Correlation · window

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−1−0.50+0.5+1

Daily returns on the measured window. +1 lockstep, 0 unrelated, −1 mirrors. Not a forecast.

Funding · APR on each leg

Funding on each side

HYPE-PERP Live 1h

FUNDING · $1,000 · 30 DAYS

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FUNDING · $1,000 · 1 HOUR

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ROUND-TRIP FEE · $1,000$1.40 0.14%

Funding on $1,000

1 DAY

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7 DAYS

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30 DAYS

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90 DAYS

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PENGU-PERP Live 1h

FUNDING · $1,000 · 30 DAYS

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FUNDING · $1,000 · 1 HOUR

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ROUND-TRIP FEE · $1,000$1.40 0.14%

Funding on $1,000

1 DAY

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7 DAYS

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30 DAYS

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90 DAYS

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Head-to-head · spec by spec

Hyperliquid vs Pudgy Penguins — the numbers side by side

Spec

HyperliquidHYPE-PERP · Canton

Pudgy PenguinsPENGU-PERP · Canton

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Asset class

Crypto

Crypto

Max leverage on Canborsa

10x

5x

Funding interval

1h

1h

Also trades on

24 platforms

15 platforms

Trading fees

 0.07% / side · 0.14% round-trip 

 0.07% / side · 0.14% round-trip 

Funding · APR

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Verdict

Both legs are crypto perpetuals on Canborsa, settled in USDC.

HYPE is live at up to 10x ; PENGU is live at up to 5x . Trading fees are 0.07% per side ( 0.14% round-trip).

Both legs have their own market pages: Hyperliquid (HYPE) market hub ›Pudgy Penguins (PENGU) market hub ›

Frequently asked questions

What fees apply when trading Hyperliquid and Pudgy Penguins?›

Canborsa charges 0.07% per side (0.14% round trip) on every perpetual market, including Hyperliquid and Pudgy Penguins.

What are the ticker symbols for Hyperliquid and Pudgy Penguins?›

Hyperliquid trades under the ticker HYPE and Pudgy Penguins under PENGU.

What category is Hyperliquid in versus Pudgy Penguins?›

Canborsa categorizes Hyperliquid as Decentralized Exchange (DEX) and Pudgy Penguins as BNB Chain Ecosystem.

What asset class do Hyperliquid and Pudgy Penguins share?›

Hyperliquid and Pudgy Penguins sit in the same asset class on Canborsa: crypto assets.

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Crypto pair · Perpetual · —

Trade HYPE and PENGU on Canborsa

More markets · one venue · crypto-native

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0.07% per side

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