24h volume$169,869,044,389+96.24%Open interest$131,090,081,463+1.19%Liquidations 24h$151,186,799Longs/Shorts 24h49.64%/50.36%US 30Y5.293%−0.022US debt$40.44T+$30.7B
trifolio

← Arbitrage & Funding

PENDLE Funding Rates

12 exchanges · updated 26 Oct, 18:25 UTC

PENDLE perpetual funding on 12 exchanges, a year (APR): positive means longs pay shorts.

Highest now11.0%HyperliquidLowest now−5.3%GateOpen interest$60.0M24h volume$30.6M
Best pair over 7 days
Long Bybit · Short Lighter · 15.1% a year, 9.4% after fees
Open in Arbitrage
Funding by exchange· highest first
ExchangeNow24h7 daysPayoutPriceOpen interest24h volume
HyperliquidDEX 11.0%+0.0013% / 1h 11.0% 7 days10.9%paid 100% of hours hourlynext 19:00 UTC 1.9683 $9.1M $661K Trade
VariationalDEX 11.0%+0.0100% / 8h 8.1% 7 days4.8%paid 77% of hours every 8hnext 00:00 UTC 1.9663 $506K $137K Trade
GRVTDEX 11.0%+0.0100% / 8h 11.0% 7 days10.9%paid 100% of hours every 8hnext 00:00 UTC 1.967 $316K $375K Trade
OKXCEX 11.0%+0.0050% / 4h 11.0% 7 days8.6%paid 92% of hours every 4hnext 20:00 UTC 1.9675 $2.6M $1.6M Trade
BitgetCEX 11.0%+0.0100% / 8h 11.0% 7 days6.6%paid 84% of hours every 8hnext 00:00 UTC 1.9665 $3.5M $929K Trade
KuCoinCEX 11.0%+0.0100% / 8h 11.0% 7 days10.1%paid 95% of hours every 8hnext 00:00 UTC 1.9671 $669K $326K Trade
BingXCEX 11.0%+0.0100% / 8h 11.0% 7 days9.1%paid 93% of hours every 8hnext 00:00 UTC 1.9676 $5.3M $10.8M Trade
LighterDEX 10.5%+0.0012% / 1h 10.1% 7 days10.3%paid 99% of hours hourlynext 19:00 UTC 1.9694 $354K $154K Trade
BybitCEX 10.2%+0.0093% / 8h −0.3% 7 days−4.8%paid 46% of hours every 8hnext 00:00 UTC 1.9668 $11.8M $2.4M Trade
BinanceCEX 5.6%+0.0051% / 8h 4.3% 7 days2.7%paid 69% of hours every 8hnext 00:00 UTC 1.9682 $14.0M $12.2M Trade
MEXCCEX 5.6%+0.0051% / 8h 4.2% 7 days2.6%paid 69% of hours every 8hnext 00:00 UTC 1.9684 $10.9M $767K Trade
GateCEX −5.3%−0.0048% / 8h 3.1% 7 days1.5%paid 54% of hours every 8hnext 00:00 UTC 1.9675 $943K $280K Trade
Best pairs· after taker fees in and out over a 7-day hold
Pair7 daysAfter feesPrice spreadLiquidity
LongBybitShortLighter
DEX ↔ CEX · thin market
15.1% 9.4%fees 0.11% Price spread+0.12%usual +0.016% $354K Open
LongMEXCShortLighter
DEX ↔ CEX · thin market
7.7% 5.6%fees 0.04% Price spread+0.041%usual −0.008% $354K Open
LongBybitShortHyperliquid
DEX ↔ CEX · thin market
15.7% 5.3%fees 0.20% Price spread−0.010%usual +0.066% $9.1M Open
LongBybitShortGRVT
DEX ↔ CEX · thin market
15.7% 5.3%fees 0.20% Price spread−0.015%usual +0.026% $316K Open
LongGateShortLighter
DEX ↔ CEX · thin market
8.8% 3.6%fees 0.10% Price spread+0.071%usual +0.063% $354K Open
LongBybitShortVariational
DEX ↔ CEX · thin market
8.9%24h, new pair 3.2%fees 0.11% Price spread+0.039%usual −0.005% $506K Open
LongBybitShortBingX
CEX ↔ CEX
13.9% 3.0%fees 0.21% Price spread+0.025%usual −0.001% $5.3M Open
LongBybitShortKuCoin
CEX ↔ CEX · thin market
14.9% 2.9%fees 0.23% Price spread−0.086%usual −0.011% $669K Open
LongBinanceShortLighter
DEX ↔ CEX · thin market
7.7% 2.5%fees 0.10% Price spread+0.056%usual −0.007% $354K Open
LongBybitShortOKX
CEX ↔ CEX
13.4% 2.5%fees 0.21% Price spread−0.005%usual −0.014% $2.6M Open
Other coins

Funding from each exchange’s API, refreshed every minute; averages from our hourly records. Links to exchanges are referral links. This is information, not financial advice.