Pendle (PENDLE) — Funding Rates
Perpetual futures funding rates across exchanges
Pendle (PENDLE) perpetual futures currently show funding across 23 markets, averaging 0.0083% per interval. The highest rate is 0.0220%.
A positive rate means longs pay shorts — a signal of crowded long positioning; a negative rate means shorts pay longs. Use this page to compare funding across venues and spot markets where the annualized rate is attractive.
Markets with Funding
23
Highest Rate
0.0220%
Lowest Rate
-0.0009%
Total Perp Markets
23
Current Funding Rates
| Exchange | Pair | Funding Rate | Annualized APR | Interval | Price | Volume (24h) |
|---|---|---|---|---|---|---|
| Binance | PENDLE/USDT | +0.0100% | +0.0% | 8000h · 12:00:00 AM | $1.93 | $16.71M |
| Xt | PENDLE/USDT | +0.0100% | +0.0% | 8000h | $1.93 | $11.47M |
| Bingx | PENDLE/USDT | +0.0100% | +0.0% | 8000h · 12:00:00 AM | $1.93 | $10M |
| Whitebit | PENDLE/USDT | +0.0100% | +0.0% | 8000h · 12:00:00 AM | $1.93 | $7.14M |
| Bybit | PENDLE/USDT | +0.0100% | +0.0% | 8000h · 12:00:00 AM | $1.93 | $2.71M |
| OKX | PENDLE/USDT | +0.0050% | +0.0% | 8000h · 12:00:00 AM | $1.93 | $1.68M |
| Bitget | PENDLE/USDT | +0.0100% | +0.0% | 8000h · 12:00:00 AM | $1.93 | $1.28M |
| MEXC | PENDLE/USDT | +0.0100% | +0.0% | 8000h · 12:00:00 AM | $1.93 | $1.25M |
| Phemex | PENDLE/USDT | +0.0100% | +0.0% | 8000h | $1.93 | $971.8K |
| Deepcoin | PENDLE/USDT | +0.0000% | +0.0% | 8000h | $1.93 | $761.52K |
| Bitunix | PENDLE/USDT | +0.0100% | +0.0% | 8000h · 12:00:00 AM | $1.94 | $711.52K |
| Pionex | PENDLE/USDT | +0.0100% | +0.0% | 8000h · 12:00:00 AM | $1.94 | $529.96K |
| Gate | PENDLE/USDT | -0.0009% | -0.0% | 8000h · 12:00:00 AM | $1.93 | $466.02K |
| Grvt | PENDLE/USDT | +0.0100% | +0.0% | 8000h | $1.93 | $407.36K |
| Kucoin | PENDLE/USDT | +0.0100% | +0.0% | 8000h · 12:00:00 AM | $1.93 | $294.96K |
| Lighter | PENDLE/USDC | +0.0096% | +0.1% | 1000h · 8:12:02 PM | $1.95 | $248.81K |
| Btse | PENDLE/USD | +0.0100% | +0.0% | 8000h | $1.94 | $145.36K |
| Blofin | PENDLE/USDT | +0.0220% | +0.0% | 8000h · 12:00:00 AM | $2.39 | $132.25K |
| MEXC | PENDLE/USDC | +0.0100% | +0.0% | 8000h · 12:00:00 AM | $1.93 | $108.71K |
| Deribit | PENDLE/USDC | +0.0004% | +0.0% | 8000h | $1.94 | $72.86K |
| Aster | PENDLE/USDT | +0.0100% | +0.1% | 1000h · 12:00:00 AM | $1.93 | $66.28K |
| Bybit | PENDLE/USDC | +0.0050% | +0.0% | 8000h · 8:00:00 PM | $1.94 | $14.59K |
| Dydx | PENDLE/USD | +0.0000% | +0.0% | 8000h | $1.94 | $4.08K |
Pendle Funding Rate FAQ
What is the PENDLE funding rate?expand_more
The funding rate is a periodic payment between longs and shorts on perpetual futures markets. A positive rate means longs pay shorts; a negative rate means shorts pay longs. It keeps the perpetual price anchored to spot.
Why is the funding rate positive or negative?expand_more
When most traders are long, funding turns positive to encourage shorts; when the crowd is short, funding turns negative to encourage longs. Extreme values often signal crowded positioning and potential reversals.
How is APR calculated from the funding rate?expand_more
APR annualizes the rate using the funding interval: rate × (24h / interval hours) × 365. For example, a 0.01% rate paid every 8 hours annualizes to roughly 10.95%.
When is funding paid on PENDLE perpetuals?expand_more
Most exchanges settle funding every 8 hours (00:00, 08:00, 16:00 UTC), though some venues use 4-hour or 1-hour intervals. The exact next settlement time is shown next to each market on this page.
What is considered a high funding rate?expand_more
Sustained funding above 0.05-0.1% per interval is elevated and indicates strong directional crowding. Funding arbitrage traders typically look for markets where the annualized rate exceeds holding costs.
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