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PENDLE funding rate live

The open-interest-weighted PENDLE funding rate is 0.0146% per 8 hours (≈16% APR) across 7 perpetual markets, so longs pay shorts. The highest rate is 0.0429% on Hyperliquid (PENDLE) and the lowest 0.0053% on MEXC (PENDLE_USDT), a spread of 0.0376% per 8h (≈41% APR). These markets hold $72.57M of open interest. Rates are converted to an 8-hour equivalent so exchanges with different funding intervals compare directly.

Tracking for ~5h Updates every 5 s PENDLE overview

Funding, 8hOI-weighted
0.0146%
≈16% APRlongs pay shorts
HighestHyperliquid
0.0429%
≈47% APRPENDLE
LowestMEXC
0.0053%
≈6% APRPENDLE_USDT
Spread between exchanges
0.0376%
≈41% APRArbitrage →

PENDLE funding rate by exchange

8h equivalent · hover a rate for the exact APR
Market Funding 8h APR Who pays Open interest OI share 24h volume Price Trade
Binance PENDLEUSDT 0.0057% 6% Longs pay $23.31M 32.1% $24.97M 2.645 Trade
MEXC PENDLE_USDT 0.0053% 6% Longs pay $19.78M 27.3% $1.35M 2.645 Trade
Hyperliquid PENDLE 0.0429% 47% Longs pay $16.03M 22.1% $2.98M 2.650 Trade
Bybit PENDLEUSDT 0.0100% 11% Longs pay $7.32M 10.1% $6.17M 2.644 Trade
Bitget PENDLEUSDT 0.0100% 11% Longs pay $4.57M 6.3% $2.26M 2.647 Trade
KuCoin PENDLEUSDTM 0.0100% 11% Longs pay $952K 1.3% $595K 2.646 Trade
Gate PENDLE_USDT 0.0100% 11% Longs pay $616K 0.8% $1.03M 2.643 Trade

Sorted by open interest. Exchanges settle funding every 1, 4 or 8 hours; every rate here is converted to 8 hours. Trade links go to the exchange and may be referral links. Compare every coin on the funding rates page.

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PENDLE funding history

From recorded history, hourly

PENDLE funding has averaged 0.0102% per 8 hours since 13:15 UTC on 27 Sep (≈11% APR), positive in 100% of hourly readings, so longs mostly paid shorts.

PENDLE funding rate

OI-weighted, 8h

Chart: TradingView Lightweight Charts™

About the PENDLE funding rate

What is the PENDLE funding rate?

PENDLE perpetual futures never expire, so exchanges keep their price near spot with funding: a periodic payment between longs and shorts. When the perp trades above spot, the rate is positive and longs pay shorts; below spot it turns negative and shorts pay longs. The payment is a percentage of position size, charged every 1, 4 or 8 hours depending on the exchange.

How to read it

Binance and Bybit's default rate when the perp is in line with spot is 0.0100% per 8h (about 11% APR). Well above that means leveraged longs are paying up to hold PENDLE; negative means shorts are crowded. The APR column shows what holding a position costs or earns over a year at today's rate. A wide spread between exchanges is what funding arbitrage traders look for.

Why do exchanges show different rates?

Each exchange computes funding from its own order book and premium, so the PENDLE rate differs by venue, and intervals differ too. Volume Monitor converts every rate to an 8-hour equivalent and weights the headline figure by open interest. Rates update every few seconds from the exchanges' public feeds.