# PENDLE funding rates and arbitrage

Updated 2026-10-30 01:47 UTC · https://afterfees.xyz/coin/PENDLE

## 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](https://afterfees.xyz/venues/cryptocom) | PENDLEUSD-PERP | 0.0058% | 1 h | +50.4% | +5.2% | $57.9K | 2026-10-30 02:00 |
| [BloFin](https://afterfees.xyz/venues/blofin) | PENDLE-USDT | 0.0127% | 8 h | +13.9% | +17.4% | $530K | 2026-10-30 08:00 |
| [Phemex](https://afterfees.xyz/venues/phemex) | PENDLEUSDT | 0.0100% | 8 h | +10.9% | — | $1.2M | 2026-10-30 08:00 |
| [BingX](https://afterfees.xyz/venues/bingx) | PENDLE-USDT | 0.0100% | 8 h | +10.9% | +11.3% | $2.3M | 2026-10-30 08:00 |
| [KuCoin](https://afterfees.xyz/venues/kucoin) | PENDLEUSDTM | 0.0100% | 8 h | +10.9% | +11.4% | $548.6K | 2026-10-30 08:00 |
| [Backpack](https://afterfees.xyz/venues/backpack) | PENDLE_USDC_PERP | 0.0013% | 1 h | +10.9% | +17.2% | $171.8K | 2026-10-30 02:00 |
| [WhiteBIT](https://afterfees.xyz/venues/whitebit) | PENDLE_PERP | 0.0100% | 8 h | +10.9% | +11.4% | $2.3M | 2026-10-30 08:00 |
| [Bitget](https://afterfees.xyz/venues/bitget) | PENDLEUSDT | 0.0100% | 8 h | +10.9% | +9.5% | $2.9M | 2026-10-30 08:00 |
| [OKX](https://afterfees.xyz/venues/okx) | PENDLE-USDT-SWAP | 0.0050% | 4 h | +10.9% | +10.9% | $2.6M | 2026-10-30 04:00 |
| [GRVT](https://afterfees.xyz/venues/grvt) | PENDLE_USDT_Perp | 0.0100% | 8 h | +10.9% | +11.4% | $271.7K | 2026-10-30 08:00 |
| [TXFlow](https://afterfees.xyz/venues/txflow) | PENDLE-USDC | 0.0013% | 1 h | +10.9% | — | $21.9K | 2026-10-30 02:00 |
| [Aster](https://afterfees.xyz/venues/aster) | PENDLEUSDT | 0.0100% | 8 h | +10.9% | +6.6% | $61.3K | 2026-10-30 08:00 |
| [Hyperliquid](https://afterfees.xyz/venues/hyperliquid) | PENDLE | 0.0013% | 1 h | +10.9% | +10.9% | $8.8M | 2026-10-30 02:00 |
| [Lighter](https://afterfees.xyz/venues/lighter) | PENDLE | 0.0012% | 1 h | +10.5% | +10.2% | $369.6K | 2026-10-30 02:00 |
| [Paradex](https://afterfees.xyz/venues/paradex) | PENDLE-USD-PERP | 0.0095% | 8 h | +10.4% | — | $20.6K | 2026-10-30 08:00 |
| [Binance](https://afterfees.xyz/venues/binance) | PENDLEUSDT | 0.0033% | 8 h | +3.6% | +4.1% | $12.1M | 2026-10-30 08:00 |
| [Extended](https://afterfees.xyz/venues/extended) | PENDLE-USD | 0.0004% | 1 h | +3.5% | +2.5% | $70.1K | 2026-10-30 02:00 |
| [WOO X](https://afterfees.xyz/venues/woox) | PERP_PENDLE_USDT | 0.0032% | 8 h | +3.5% | +4.1% | $539 | 2026-10-30 08:00 |
| [LBank](https://afterfees.xyz/venues/lbank) | PENDLEUSDT | 0.0032% | 8 h | +3.5% | — | — | 2026-10-30 08:00 |
| [MEXC](https://afterfees.xyz/venues/mexc) | PENDLE_USDT | 0.0031% | 8 h | +3.4% | +4.1% | $11.1M | 2026-10-30 08:00 |
| [Gate](https://afterfees.xyz/venues/gate) | PENDLE_USDT | 0.0018% | 8 h | +2.0% | +2.5% | $499.5K | 2026-10-30 08:00 |
| [Bitunix](https://afterfees.xyz/venues/bitunix) | PENDLEUSDT | 0.0006% | 8 h | +0.6% | +7.9% | — | 2026-10-30 08:00 |
| [dYdX](https://afterfees.xyz/venues/dydx) | PENDLE-USD | 0.0000% | 1 h | 0.0% | +0.4% | $11.3K | 2026-10-30 02:00 |
| [ApeX](https://afterfees.xyz/venues/apex) | PENDLE-USDT | -0.0001% | 1 h | −1.0% | +8.9% | $37.3K | 2026-10-30 02:00 |
| [Bybit](https://afterfees.xyz/venues/bybit) | PENDLEUSDT | -0.0194% | 8 h | −21.3% | +0.6% | $10.3M | 2026-10-30 08:00 |
| [Variational](https://afterfees.xyz/venues/variational) | PENDLE-PERP | -0.0345% | 8 h | −37.7% | — | $310.9K | 2026-10-30 08:00 |
| [Kraken](https://afterfees.xyz/venues/kraken) | PF_PENDLEUSD | -0.0060% | 1 h | −52.4% | +11.1% | $88.2K | 2026-10-30 02:00 |

## Borrow PENDLE to sell spot

| Exchange | Borrow APR | Per-account limit |
|---|---|---|
| Bitget | 1.30% | — |
| Binance | 4.82% | — |
| Bybit | 6.63% | — |
| Gate | 11.72% | $20K |

## Cost to enter $10,000 of PENDLE

| Exchange | Contract | Fee + slippage | Source |
|---|---|---|---|
| Backpack | PENDLE_USDC_PERP | 9.0 bp * | order-book snapshot, 31 min old |
| ApeX | PENDLE-USDT | 12.8 bp * | order-book snapshot, 27 min old |
| dYdX | PENDLE-USD | 79.2 bp | order-book snapshot, 37 min old |
| MEXC | PENDLE_USDT | 2.6 bp | top of book only |
| Extended | PENDLE-USD | 3.7 bp | top of book only |
| Variational | PENDLE-PERP | 3.9 bp | top of book only |
| BingX | PENDLE-USDT | 5.3 bp | top of book only |
| Binance | PENDLEUSDT | 5.6 bp | top of book only |
| GRVT | PENDLE_USDT_Perp | 5.7 bp | top of book only |
| Bybit | PENDLEUSDT | 7.0 bp | top of book only |
| OKX | PENDLE-USDT-SWAP | 8.0 bp | top of book only |
| BloFin | PENDLE-USDT | 8.1 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

- [Borrow PENDLE: rates on every exchange](https://afterfees.xyz/borrow/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 +50.4% a year (0.0058% every 1 h); the lowest is Kraken at −52.4%. 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._