PENDLE funding rates and arbitrage
Updated 2026-10-29 16:11 UTC
Best PENDLE arbitrage after every cost
No PENDLE pair nets a profit at this size right now.
At $10,000 per side, held 7 days, after taker fees, order-book slippage and carry.
PENDLE funding rate on every exchange
| Exchange | Contract | Rate | Every | Annualised | Settled 7d, annualised | Open interest | Next settlement |
|---|---|---|---|---|---|---|---|
| Crypto.com | PENDLEUSD-PERP | 0.0131% | 1 h | +114.9% | +1.5% | $71.9K | 2026-10-29 17:00 |
| Kraken | PF_PENDLEUSD | 0.0038% | 1 h | +33.7% | +12.5% | $210.5K | 2026-10-29 17:00 |
| BloFin | PENDLE-USDT | 0.0220% | 8 h | +24.1% | +17.4% | $610K | 2026-10-30 00:00 |
| Backpack | PENDLE_USDC_PERP | 0.0017% | 1 h | +14.5% | +17.1% | $205.1K | 2026-10-29 17:00 |
| Extended | PENDLE-USD | 0.0013% | 1 h | +11.4% | +2.4% | $86.6K | 2026-10-29 17:00 |
| Phemex | PENDLEUSDT | 0.0100% | 8 h | +10.9% | — | $1.5M | 2026-10-30 00:00 |
| KuCoin | PENDLEUSDTM | 0.0100% | 8 h | +10.9% | +11.5% | $633.3K | 2026-10-30 00:00 |
| Bitunix | PENDLEUSDT | 0.0100% | 8 h | +10.9% | +7.9% | — | 2026-10-30 00:00 |
| MEXC | PENDLE_USDT | 0.0100% | 8 h | +10.9% | +3.6% | $11.6M | 2026-10-30 00:00 |
| WhiteBIT | PENDLE_PERP | 0.0100% | 8 h | +10.9% | +11.5% | $2.7M | 2026-10-30 00:00 |
| ApeX | PENDLE-USDT | 0.0013% | 1 h | +10.9% | +9.1% | $60K | 2026-10-29 17:00 |
| OKX | PENDLE-USDT-SWAP | 0.0050% | 4 h | +10.9% | +11.0% | $2.7M | 2026-10-29 20:00 |
| Bitget | PENDLEUSDT | 0.0100% | 8 h | +10.9% | +9.4% | $3.7M | 2026-10-30 00:00 |
| WOO X | PERP_PENDLE_USDT | 0.0100% | 8 h | +10.9% | +4.2% | $511 | 2026-10-30 00:00 |
| LBank | PENDLEUSDT | 0.0100% | 8 h | +10.9% | — | — | 2026-10-30 00:00 |
| BingX | PENDLE-USDT | 0.0100% | 8 h | +10.9% | +10.7% | $3.3M | 2026-10-30 00:00 |
| Bybit | PENDLEUSDT | 0.0100% | 8 h | +10.9% | +2.0% | $11.8M | 2026-10-30 00:00 |
| GRVT | PENDLE_USDT_Perp | 0.0100% | 8 h | +10.9% | +11.5% | $330.3K | 2026-10-30 00:00 |
| Aster | PENDLEUSDT | 0.0100% | 8 h | +10.9% | +6.7% | $72.3K | 2026-10-30 00:00 |
| Variational | PENDLE-PERP | 0.0100% | 8 h | +10.9% | — | $384.6K | 2026-10-30 00:00 |
| TXFlow | PENDLE-USDC | 0.0013% | 1 h | +10.9% | — | $40.2K | 2026-10-29 17:00 |
| Binance | PENDLEUSDT | 0.0100% | 8 h | +10.9% | +4.2% | $14.4M | 2026-10-30 00:00 |
| Gate | PENDLE_USDT | 0.0100% | 8 h | +10.9% | +1.9% | $488.4K | 2026-10-30 00:00 |
| Hyperliquid | PENDLE | 0.0013% | 1 h | +10.9% | +11.0% | $9.9M | 2026-10-29 17:00 |
| Paradex | PENDLE-USD-PERP | 0.0100% | 8 h | +10.9% | — | $25.2K | 2026-10-30 00:00 |
| Lighter | PENDLE | 0.0012% | 1 h | +10.5% | +10.2% | $339.8K | 2026-10-29 17:00 |
| dYdX | PENDLE-USD | 0.0000% | 1 h | 0.0% | +0.4% | $15.1K | 2026-10-29 17:00 |
Borrow PENDLE to sell spot
| Exchange | Borrow APR | Per-account limit |
|---|---|---|
| Bitget | 1.31% | — |
| Binance | 4.41% | — |
| Bybit | 6.49% | — |
| Gate | 11.70% | $20K |
Cost to enter $10,000 of PENDLE
| Exchange | Contract | Fee + slippage | Source |
|---|---|---|---|
| Backpack | PENDLE_USDC_PERP | 9.1 bp * | order-book snapshot, 31 min old |
| BingX | PENDLE-USDT | 10.1 bp | order-book snapshot, 104 min old |
| dYdX | PENDLE-USD | 63.8 bp | order-book snapshot, 38 min old |
| Extended | PENDLE-USD | 3.0 bp | top of book only |
| MEXC | PENDLE_USDT | 4.5 bp | top of book only |
| Variational | PENDLE-PERP | 5.2 bp | top of book only |
| Binance | PENDLEUSDT | 5.7 bp | top of book only |
| Bybit | PENDLEUSDT | 6.0 bp | top of book only |
| BloFin | PENDLE-USDT | 6.7 bp | top of book only |
| GRVT | PENDLE_USDT_Perp | 7.5 bp | top of book only |
| OKX | PENDLE-USDT-SWAP | 7.5 bp | top of book only |
| Bitget | PENDLEUSDT | 9.2 bp | top of book only |
Taker fee plus slippage of a market buy of $10,000 from the mid price, at standard (VIP0) fees. * fee estimated: the exchange publishes no fee schedule without an account.
More on PENDLE
Questions
Is PENDLE funding-rate arbitrage profitable right now?
Not at $10,000 per side for 7 days: no PENDLE pair shows a verified profit after fees and order-book slippage right now. Rates change every hour; the live page re-ranks continuously.
Which exchange has the highest PENDLE funding rate?
Crypto.com at +114.9% a year (0.0131% every 1 h); the lowest is dYdX at 0.0%. A positive rate is paid by longs to shorts, a negative one by shorts to longs.
The method behind every number on AfterFees is published; Pro opens each figure into its line-by-line calculation. Estimates from current data, not investment advice. We never hold funds or trade for you.