PENDLE funding rates

PENDLE perpetual funding across 13 venues. Rates are annualized (APR); positive means longs pay shorts.

Data as of 2026-10-12 03:10 UTC · refreshed every 5 min

Best pair · 7d: 11.9%long Variational, short Hyperliquid · net 9.5%
Highest funding now: 10.9%Hyperliquid
Lowest funding now: −1.2%RWA Perp
Listed on: 13 venues

Funding by venue

													Open
Hyperliquid	PENDLE	10.9%	10.9%	10.9%	12.9%	10.9%	100%	1h	—	2.19	$10.6M	$1.2M	HyHyperliquid
Aster	PENDLEUSDT	10.9%	10.9%	8.3%	8.2%	7.9%	90%	8h	08:00	2.19	$135k	$18k	AsAster
GRVT	PENDLE_USDT_Perp	10.9%	10.7%	10.9%	9.0%	10.9%	100%	8h	08:00	2.19	$652k	$353k	GrGRVT
Polymarket	PENDLE-USD	10.9%	4.6%	−1.2%	5.8%	−2.2%	66%	1h	04:00	2.19	$19k	$9k	PmPolymarket
BybitCEX	PENDLEUSDT	10.9%	9.3%	3.1%	3.8%	2.0%	66%	8h	08:00	2.19	$13.6M	$2.3M	ByBybit
BitgetCEX	PENDLEUSDT	10.9%	10.9%	10.9%	10.4%	10.9%	100%	8h	08:00	2.19	$3.9M	$1.0M	BgBitget
Variational	PENDLE	10.9%	10.7%	−0.9%	1.2%	−2.9%	54%	8h	—	2.19	$586k	$213k	VaVariational
Lighter	PENDLE	10.5%	10.5%	10.5%	10.3%	10.5%	100%	1h	04:00	2.20	$379k	$37k	LiLighter
BinanceCEX	PENDLEUSDT	6.2%	4.1%	4.3%	4.8%	4.4%	77%	8h	08:00	2.19	$17.4M	$10.6M	BnBinance
Extended	PENDLE-USD	6.1%	4.4%	3.2%	5.1%	3.0%	67%	1h	04:00	2.18	$189k	$510k	ExExtended
MEXCCEX	PENDLE_USDT	5.3%	9.4%	5.0%	4.9%	4.3%	81%	8h	08:00	2.18	$9.2M	$905k	MxMEXC
GateCEX	PENDLE_USDT	−0.1%	0.2%	0.8%	6.1%	0.9%	51%	8h	08:00	2.19	$1.2M	$261k	GtGate
RWA Perp	PERP_PENDLE_USDC	−1.2%	2.9%	2.6%	0.8%	2.6%	74%	8h	08:00	2.19	$19k	$5k	RwRWA Perp

Sparklines: hourly funding APR over the last 7 days, zero line dashed.

Long/short pairs

Funding spreads, annualized: short-leg rate minus long-leg rate.
											Flags	Open	Calc
		Spread APR				After taker fees			Quality
Variational	Lighter	−0.4%	−0.2%	11.4%	9.1%	11.4%	17.2%	<0.1d	cooling	$379k	8h/1hspread not incl.	Va Li	calc
Variational	Hyperliquid	0.0%	0.3%	11.9%	11.7%	9.5%	14.3%	2.8d	cooling	$586k	8h/1hspread not incl.	Va Hy	calc
Variational	GRVT	0.0%	0.1%	11.9%	7.8%	9.5%	14.3%	2.8d	cooling	$586k	spread not incl.	Va Gr	calc
Variational	BitgetCEX	0.0%	0.3%	11.9%	9.2%	8.8%	13.1%	3.7d	cooling	$586k	spread not incl.	Va Bg	calc
Variational	Aster	0.0%	0.3%	9.3%	7.1%	7.2%	10.8%	3.2d	cooling	$135k	spread not incl.	Va As	calc
Extended	Lighter	4.4%	6.0%	7.3%	5.1%	6.0%	9.1%	2.5d	steady	$189k		Ex Li	calc
GateCEX	Lighter	10.6%	10.2%	9.7%	4.2%	5.8%	8.6%	5.7d	steady	$379k	8h/1h	Gt Li	calc
Variational	MEXCCEX	−5.7%	−1.2%	6.0%	3.7%	4.9%	7.4%	2.5d	cooling	$586k	spread not incl.	Va Mx	calc
Extended	Hyperliquid	4.8%	6.5%	7.8%	7.7%	4.1%	6.2%	6.6d	steady	$189k		Ex Hy	calc
Extended	GRVT	4.8%	6.3%	7.8%	3.9%	4.1%	6.2%	6.6d	steady	$189k	1h/8h	Ex Gr	calc
Polymarket	Hyperliquid	0.0%	6.4%	12.2%	7.0%	7.7%	11.6%	5.1d	cooling	$19k	low OIinvite only	Pm Hy	calc
Polymarket	GRVT	0.0%	6.2%	12.1%	3.2%	7.7%	11.6%	5.1d	cooling	$19k	low OI1h/8hinvite only	Pm Gr	calc
GateCEX	Hyperliquid	11.1%	10.7%	10.1%	6.8%	3.8%	5.8%	8.7d	steady	$1.2M	8h/1h	Gt Hy	calc
GateCEX	GRVT	11.1%	10.5%	10.1%	2.9%	3.8%	5.7%	8.7d	steady	$652k		Gt Gr	calc
BinanceCEX	Lighter	4.3%	6.3%	6.2%	5.6%	3.6%	5.3%	5.9d	steady	$379k	8h/1h	Bn Li	calc
Polymarket	BitgetCEX	0.0%	6.4%	12.2%	4.5%	7.0%	10.4%	6.0d	cooling	$19k	low OI1h/8hinvite only	Pm Bg	calc
Extended	BitgetCEX	4.8%	6.5%	7.8%	5.2%	3.4%	5.0%	8.0d	steady	$189k	1h/8h	Ex Bg	calc
GateCEX	BitgetCEX	11.1%	10.7%	10.1%	4.2%	3.1%	4.6%	9.8d	steady	$1.2M		Gt Bg	calc
Variational	Extended	−4.8%	−6.2%	4.1%	4.0%	2.8%	4.2%	4.5d	cooling	$189k	8h/1hspread not incl.	Va Ex	calc
Polymarket	Aster	0.0%	6.4%	9.5%	2.4%	5.4%	8.1%	6.1d	cooling	$19k	low OI1h/8hinvite only	Pm As	calc
Variational	BinanceCEX	−4.8%	−6.5%	5.3%	5.5%	2.7%	4.0%	6.9d	cooling	$586k	spread not incl.	Va Bn	calc
BybitCEX	Hyperliquid	0.0%	1.7%	7.9%	9.1%	2.7%	4.0%	9.3d	cooling	$10.6M	8h/1h	By Hy	calc
BybitCEX	GRVT	0.0%	1.5%	7.8%	5.3%	2.6%	3.9%	9.3d	cooling	$652k		By Gr	calc
MEXCCEX	Hyperliquid	5.7%	1.5%	5.9%	8.0%	2.5%	3.8%	8.0d	steady	$9.2M	8h/1h	Mx Hy	calc
MEXCCEX	GRVT	5.7%	1.3%	5.9%	4.1%	2.5%	3.8%	8.0d	steady	$652k		Mx Gr	calc
Polymarket	Lighter	−0.4%	5.9%	11.7%	4.4%	9.7%	14.5%	2.5d	mixed	$19k	low OIinvite only	Pm Li	calc
BybitCEX	Lighter	−0.4%	1.2%	7.4%	6.5%	4.6%	6.9%	5.4d	mixed	$379k	8h/1h	By Li	calc
MEXCCEX	Lighter	5.3%	1.1%	5.5%	5.4%	4.4%	6.7%	2.7d	steady	$379k	8h/1h	Mx Li	calc
BybitCEX	BitgetCEX	0.0%	1.7%	7.9%	6.6%	1.9%	2.8%	11d	cooling	$3.9M		By Bg	calc
Extended	Aster	4.8%	6.5%	5.2%	3.1%	1.8%	2.6%	9.2d	weak	$135k	1h/8h	Ex As	calc
MEXCCEX	BitgetCEX	5.7%	1.5%	5.9%	5.5%	1.8%	2.6%	9.8d	steady	$3.9M		Mx Bg	calc
BinanceCEX	Hyperliquid	4.8%	6.8%	6.6%	6.7%	1.7%	2.5%	10d	steady	$10.6M	8h/1h	Bn Hy	calc
BinanceCEX	GRVT	4.8%	6.6%	6.6%	5.1%	1.6%	2.4%	11d	steady	$652k		Bn Gr	calc
Polymarket	MEXCCEX	−5.7%	4.9%	6.2%	−0.9%	3.1%	4.7%	7.0d	cooling	$19k	low OI1h/8hinvite only	Pm Mx	calc
GateCEX	Aster	11.1%	10.7%	7.5%	2.1%	1.5%	2.2%	11d	steady	$135k		Gt As	calc
Variational	BybitCEX	0.0%	−1.4%	4.0%	2.6%	1.1%	1.7%	10d	weak	$586k	spread not incl.	Va By	calc
BinanceCEX	BitgetCEX	4.8%	6.8%	6.6%	5.3%	0.9%	1.3%	12d	steady	$3.9M		Bn Bg	calc
Polymarket	Extended	−4.8%	−0.1%	4.4%	−0.7%	1.0%	1.5%	11d	cooling	$19k	low OIinvite only	Pm Ex	calc
Polymarket	BinanceCEX	−4.8%	−0.4%	5.6%	−0.9%	0.9%	1.3%	12d	cooling	$19k	low OI1h/8hinvite only	Pm Bn	calc
BybitCEX	Aster	0.0%	1.7%	5.2%	4.5%	0.3%	0.4%	13d	cooling	$135k		By As	calc
MEXCCEX	Aster	5.7%	1.5%	3.3%	3.3%	0.2%	0.3%	13d	weak	$135k		Mx As	calc
Aster	Lighter	−0.4%	−0.5%	2.2%	2.0%	0.1%	0.2%	13d	mixed	$135k	8h/1h	As Li	calc
BinanceCEX	Aster	4.8%	6.8%	4.0%	2.8%	−0.7%	−1.1%	17d	weak	$135k		Bn As	calc
GateCEX	MEXCCEX	5.4%	9.2%	4.2%	−1.2%	−0.8%	−1.2%	17d	weak	$1.2M		Gt Mx	calc
Extended	MEXCCEX	−0.9%	5.0%	1.9%	−0.2%	−0.5%	−0.7%	18d	mixed	$189k	1h/8h	Ex Mx	calc
Polymarket	BybitCEX	0.0%	4.7%	4.3%	−2.1%	−0.7%	−1.0%	16d	weak	$19k	low OI1h/8hinvite only	Pm By	calc
Aster	Hyperliquid	0.0%	0.0%	2.6%	4.6%	−1.8%	−2.7%	24d	weak	$135k	8h/1h	As Hy	calc
Aster	GRVT	0.0%	−0.2%	2.6%	0.8%	−1.8%	−2.7%	24d	weak	$135k		As Gr	calc
Lighter	Hyperliquid	0.4%	0.5%	0.4%	2.6%	−1.9%	−2.9%	75d	weak	$379k		Li Hy	calc
Lighter	GRVT	0.4%	0.2%	0.4%	−1.3%	−1.9%	−2.9%	80d	weak	$379k	1h/8h	Li Gr	calc
Aster	BitgetCEX	0.0%	0.0%	2.6%	2.1%	−2.6%	−3.9%	28d	weak	$135k		As Bg	calc
Lighter	BitgetCEX	0.4%	0.5%	0.4%	0.1%	−2.7%	−4.0%	99d	weak	$379k	1h/8h	Li Bg	calc
GateCEX	Extended	6.2%	4.2%	2.3%	−1.0%	−2.9%	−4.3%	31d	weak	$189k	8h/1h	Gt Ex	calc
BinanceCEX	MEXCCEX	−0.9%	5.3%	0.7%	0.2%	−3.0%	−4.5%	76d	weak	$9.2M		Bn Mx	calc
GateCEX	BinanceCEX	6.3%	3.9%	3.5%	0.9%	−3.0%	−4.5%	26d	weak	$1.2M		Gt Bn	calc
BybitCEX	MEXCCEX	−5.7%	0.2%	1.9%	1.1%	−2.0%	−2.9%	28d	mixed	$9.2M		By Mx	calc
Variational	GateCEX	−11.1%	−10.4%	1.8%	5.0%	−2.1%	−3.2%	31d	mixed	$586k	spread not incl.	Va Gt	calc
Lighter	Aster	0.4%	0.5%	−2.2%	−2.0%	−4.3%	−6.4%	—	weak	$135k	1h/8h	Li As	calc
MEXCCEX	BinanceCEX	0.9%	−5.3%	−0.7%	−0.2%	−4.3%	−6.5%	—	weak	$9.2M		Mx Bn	calc
GateCEX	BybitCEX	11.1%	9.0%	2.2%	−2.4%	−4.6%	−6.8%	43d	weak	$1.2M		Gt By	calc
GRVT	Hyperliquid	0.0%	0.2%	0.0%	3.9%	−4.7%	−7.0%	>999d	weak	$652k	8h/1h	Gr Hy	calc
GRVT	BitgetCEX	0.0%	0.2%	0.0%	1.3%	−5.4%	−8.2%	>999d	weak	$652k		Gr Bg	calc
Extended	BinanceCEX	0.0%	−0.3%	1.2%	−0.4%	−2.7%	−4.1%	46d	mixed	$189k	1h/8h	Ex Bn	calc
MEXCCEX	BybitCEX	5.7%	−0.2%	−1.9%	−1.1%	−5.9%	−8.8%	—	weak	$9.2M		Mx By	calc
BinanceCEX	BybitCEX	4.8%	5.1%	−1.3%	−2.5%	−6.7%	−10.1%	—	weak	$13.6M		Bn By	calc
Polymarket	Variational	0.0%	6.1%	0.3%	−4.7%	−1.8%	−2.7%	100d	mixed	$19k	low OI1h/8hinvite onlyspread not incl.	Pm Va	calc
BybitCEX	Extended	−4.8%	−4.8%	0.1%	1.4%	−4.1%	−6.1%	641d	mixed	$189k	8h/1h	By Ex	calc
MEXCCEX	Extended	0.9%	−5.0%	−1.9%	0.2%	−4.2%	−6.3%	—	mixed	$189k	8h/1h	Mx Ex	calc
BybitCEX	BinanceCEX	−4.8%	−5.1%	1.3%	2.5%	−4.2%	−6.3%	60d	mixed	$13.6M		By Bn	calc
Extended	BybitCEX	4.8%	4.8%	−0.1%	−1.4%	−4.3%	−6.4%	—	mixed	$189k	1h/8h	Ex By	calc
Extended	Variational	4.8%	6.2%	−4.1%	−4.0%	−5.4%	−8.1%	—	mixed	$189k	1h/8hspread not incl.	Ex Va	calc
GateCEX	Variational	11.1%	10.4%	−1.8%	−5.0%	−5.7%	−8.5%	—	mixed	$586k	spread not incl.	Gt Va	calc
MEXCCEX	Variational	5.7%	1.2%	−6.0%	−3.7%	−7.0%	−10.5%	—	mixed	$586k	spread not incl.	Mx Va	calc
Polymarket	GateCEX	−11.1%	−4.3%	2.1%	0.3%	−3.9%	−5.9%	40d	mixed	$19k	low OI1h/8hinvite only	Pm Gt	calc
BinanceCEX	Variational	4.8%	6.5%	−5.3%	−5.5%	−7.9%	−11.8%	—	mixed	$586k	spread not incl.	Bn Va	calc
GateCEX	Polymarket	11.1%	4.3%	−2.1%	−0.3%	−8.1%	−12.1%	—	weak	$19k	low OI8h/1hinvite only	Gt Pm	calc
MEXCCEX	Polymarket	5.7%	−4.9%	−6.2%	0.9%	−9.4%	−14.1%	—	weak	$19k	low OI8h/1hinvite only	Mx Pm	calc
BinanceCEX	Polymarket	4.8%	0.4%	−5.6%	0.9%	−10.3%	−15.4%	—	weak	$19k	low OI8h/1hinvite only	Bn Pm	calc
Lighter	BybitCEX	0.4%	−1.2%	−7.4%	−6.5%	−10.3%	−15.5%	—	mixed	$379k	1h/8h	Li By	calc
Lighter	Variational	0.4%	0.2%	−11.4%	−9.1%	−11.4%	−17.2%	—	mixed	$379k	1h/8hspread not incl.	Li Va	calc
Extended	Polymarket	4.8%	0.1%	−4.4%	0.7%	−7.8%	−11.7%	—	mixed	$19k	low OIinvite only	Ex Pm	calc
Lighter	Polymarket	0.4%	−5.9%	−11.7%	−4.4%	−13.8%	−20.7%	—	mixed	$19k	low OIinvite only	Li Pm	calc

What the columns and badges mean

now: Current funding spread APR: short-leg rate minus long-leg rate, annualized.
24h: Average spread APR over the last 24 hours, on hours when both venues have data (settled funding, plus predicted rates for hours not settled yet).
7d: Average spread APR over the last 7 days, on hours when both venues have data (settled funding, plus predicted rates for hours not settled yet). Used for ranking and net APR.
30d: Average spread APR over the last 30 days, on hours when both venues have data (settled funding, plus predicted rates for hours not settled yet).
7d trend: Spread APR over the last 7 days in 6-hour averages; the dashed line is zero.
Net APR: 7d spread APR minus taker fees to open and close both legs, spread over the holding period: net = spread7d − fees × 365 / days. Per unit of notional per leg.
On capital: Net APR on the capital posted for both legs at this leverage: net × leverage / 2.
Breakeven: Days of 7d-average funding needed to pay back open+close taker fees.
Min OI: Smaller open interest of the two legs, USD.
steady: Steady: prior-week spread at least 5% APR, last 24h positive and no spike, positive now. Not negative in X% of hours over 7 days.
spike: The last 24h spread is far above the prior 6-day average (more than 3×, or above 15% APR after a weak prior) — it may not last.
mixed: The spread was negative too often: not negative in only X% of hours over 7 days.
new: Less than 4 days of shared history in the prior week: stability cannot be judged yet.
weak: Prior-week spread under 5% APR: too small to call steady.
cooling: The prior week was solid, but the last 24h or the current spread is not positive.
≠ asset?: Mark prices differ by N bps — these may be different assets under one ticker, or contracts of a different size (e.g. per 1,000 coins). Verify before trading.
stale: At least one leg has not updated for over 30 minutes.
low OI: Open interest under $50k on at least one leg — size carefully.
8h/1h: Funding intervals differ (8h vs 1h): payments are not simultaneous.
TradFi: Tokenized stock, index or commodity: trading sessions and oracle rules may differ.
invite only: Invite-only venue: an account needs an invite code, so it is not selected by default. Tick it in the venue filter to include it.
spread not incl.: A leg trades on quotes with no fee (Variational): the cost is the market maker's quote spread, which we cannot see, so the net APR is before it. Compare the quote with the mark price before you trade.
CEX: Centralized exchange: trading needs an account with identity verification (KYC).

Prices now

Buy on the row's venue at its ask, sell on the column's venue at its bid; spread before fees.

Indicative · marks from 2026-10-12 03:10 UTC

Live quotes are unavailable right now (last update: never). Shown instead: indicative spreads between mark prices from the funding snapshot. Marks are taken minutes apart and are not prices you can trade at.

No two venues give a usable spread right now.

PENDLE: spread buying on the row's venue and selling on the column's venue
Buy ↓ · Sell →	MEXC2.1849
MEXC2.1849	—

All quotes (13)

Venue	Bid	Ask	Quality	Age	Vol 24h	Flags
MEXCCEX	2.1849	2.1849	mark	8m	$905k	no FX
Aster	2.19011	2.19011	mark	12m	$18k	staleno FX
BinanceCEX	2.1881	2.1881	mark	12m	$10.6M	staleno FX
BitgetCEX	2.1888	2.1888	mark	12m	$1.0M	staleno FX
BybitCEX	2.188	2.188	mark	12m	$2.3M	staleno FX
Extended	2.18484	2.18484	mark	12m	$510k	stale
GateCEX	2.187	2.187	mark	12m	$261k	staleno FX
GRVT	2.18786	2.18786	mark	12m	$353k	staleno FX
Hyperliquid	2.18845	2.18845	mark	12m	$1.2M	stale
Lighter	2.1994	2.1994	mark	12m	$37k	stale
Polymarket	2.1878	2.1878	mark	12m	$9k	stale
RWA Perp	2.1853	2.1853	mark	12m	$5k	stale
Variational	2.18519	2.18519	mark	12m	$213k	stale

All spreads → · Hatched cells use a mark or mid price, a flagged venue or one outside the default selection.

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