PENDLE Funding Rates: Live Across 24 Exchanges

As of 2026-10-03 00:25 UTC, PENDLE perpetual funding averages 0.0019% per 8 hours (2.07% APR) across all 24 exchanges that list it, weighted by 24h volume (median 0.0012%). Highest: Backpack at 0.0014% per 1h (12.53% APR). Lowest: Kraken at -0.0076% per 1h (-66.71% APR). Going long on Kraken and short on Backpack collects a gross spread of 0.0724% per 8 hours (79.24% APR) before fees.

Long PENDLE on Kraken and short on Backpack for a funding gap of 0.0724% per 8 hours. Trading fees, slippage and the price basis between venues reduce the net return; the funding table shows it after fees for your size. See how this gap moved. Learn how funding rate arbitrage works and what a funding rate is.

Frequently asked questions

Is the PENDLE funding rate positive right now?

Mostly no. PENDLE funding is positive on 12 of the 24 exchanges, which means longs are paying shorts on those venues.

Which exchange has the highest PENDLE funding rate?

Backpack at 0.0014% per 1h (12.53% APR). The lowest is Kraken at -0.0076% per 1h (-66.71% APR).

What is the PENDLE funding arbitrage spread?

The gross spread is 0.0724% per 8 hours (79.24% APR): long PENDLE on Kraken and short on Backpack. Trading fees, slippage and price basis reduce the net return.

How often is PENDLE funding paid?

PENDLE funding is paid every 8 hours on XT.COM, Bitget, Gate, KuCoin, BingX, BTSE, Lighter, Aster, Bybit, Paradex, MEXC, WEEX, Binance, LBank, Toobit, Deepcoin, WOOFi Pro, and WhiteBIT; every 4 hours on OKX; every hour on Backpack, Hyperliquid, dYdX, Extended, and Kraken. Rates on this page are also shown as APR so they can be compared directly.