PENDLE funding rate explained
Right now Pendle (PENDLE) perpetual futures trade on 10 exchanges we track. The highest funding is on Binance at +0.030% per day, the lowest on Gate at -0.001%. The average across all venues is +0.027% per day, or about +9.8% a year. Positive funding means PENDLE longs are paying shorts — the market is leaning long.
The gap between the highest and lowest venue is +0.031% per day. A delta-neutral position that shorts PENDLE on Binance and goes long on Gate would collect that difference at each settlement, before trading fees and the price spread between the two contracts. Check the live PENDLE arbitrage board for the price side of the trade.
Settlement intervals differ: PENDLE funding is paid every 1 hour, 4 hours and 8 hours depending on the exchange, so every rate on this page is also shown normalised to 24 hours and as an APR.
Related: PENDLE arbitrage · Pendle price · funding rates for all coins.