# PENDLE Funding Rates

As of 2026-10-03 21:54 UTC, PENDLE perpetual funding averages 0.0095% per 8 hours (10.45% APR) across all 25 exchanges that list it, weighted by 24h volume (median 0.0100%). Highest: Backpack at 0.0067% per 1h (58.69% APR). Lowest: Deepcoin at -0.0083% per 8h (-9.09% APR). Going long on Deepcoin and short on Backpack collects a gross spread of 0.0619% per 8 hours (67.78% APR) before fees.

## Funding rate by exchange

| Exchange | Market | Funding rate | Interval | APR | Next funding |
| --- | --- | --- | --- | --- | --- |
| [Crypto.com](https://arbtide.com/funding-rates/pendle/cryptocom) | [PENDLE/USD:USD](https://crypto.com/exchange/trade/PENDLEUSD-PERP) | 0.0101% | 1h | 88.60% | 2026-10-03 22:00 UTC |
| [Backpack](https://arbtide.com/funding-rates/pendle/backpack) | [PENDLE/USDC:USDC](https://backpack.exchange/trade/PENDLE_USDC_PERP) | 0.0067% | 1h | 58.69% | 2026-10-03 22:00 UTC |
| [Extended](https://arbtide.com/funding-rates/pendle/extended) | [PENDLE/USDC:USDC](https://app.extended.exchange/perp/PENDLE-USD) | 0.0013% | 1h | 11.39% | 2026-10-03 22:00 UTC |
| [Binance](https://arbtide.com/funding-rates/pendle/binance) | [PENDLE/USDT:USDT](https://www.binance.com/en/futures/PENDLEUSDT) | 0.0100% | 8h | 10.95% | 2026-10-04 00:00 UTC |
| [Bybit](https://arbtide.com/funding-rates/pendle/bybit) | [PENDLE/USDT:USDT](https://www.bybit.com/trade/usdt/PENDLEUSDT) | 0.0100% | 8h | 10.95% | 2026-10-04 00:00 UTC |
| [OKX](https://arbtide.com/funding-rates/pendle/okx) | [PENDLE/USDT:USDT](https://www.okx.com/trade-swap/pendle-usdt-swap) | 0.0050% | 4h | 10.95% | 2026-10-04 00:00 UTC |
| [Bitget](https://arbtide.com/funding-rates/pendle/bitget) | [PENDLE/USDT:USDT](https://www.bitget.com/futures/usdt/PENDLEUSDT) | 0.0100% | 8h | 10.95% | — |
| [Gate](https://arbtide.com/funding-rates/pendle/gate) | [PENDLE/USDT:USDT](https://www.gate.com/futures/USDT/PENDLE_USDT) | 0.0100% | 8h | 10.95% | 2026-10-04 00:00 UTC |
| [KuCoin](https://arbtide.com/funding-rates/pendle/kucoin) | [PENDLE/USDT:USDT](https://www.kucoin.com/trade/futures/PENDLEUSDTM) | 0.0100% | 8h | 10.95% | 2026-10-04 00:00 UTC |
| [MEXC](https://arbtide.com/funding-rates/pendle/mexc) | [PENDLE/USDT:USDT](https://www.mexc.com/futures/PENDLE_USDT) | 0.0100% | 8h | 10.95% | 2026-10-04 00:00 UTC |
| [BingX](https://arbtide.com/funding-rates/pendle/bingx) | [PENDLE/USDT:USDT](https://bingx.com/en/perpetual/PENDLE-USDT) | 0.0100% | 8h | 10.95% | — |
| [BTSE](https://arbtide.com/funding-rates/pendle/btse) | [PENDLE/USDT:USDT](https://www.btse.com/en/futures/PENDLE-PERP) | 0.0100% | 8h | 10.95% | — |
| [XT.COM](https://arbtide.com/funding-rates/pendle/xt) | [PENDLE/USDT:USDT](https://www.xt.com/en/futures/trade/pendle_usdt) | 0.0100% | 8h | 10.95% | 2026-10-04 00:00 UTC |
| [LBank](https://arbtide.com/funding-rates/pendle/lbank) | [PENDLE/USDT:USDT](https://www.lbank.com/futures/pendleusdt) | 0.0100% | 8h | 10.95% | 2026-10-04 00:00 UTC |
| [WEEX](https://arbtide.com/funding-rates/pendle/weex) | [PENDLE/USDT:USDT](https://www.weex.com/futures/PENDLE-USDT) | 0.0100% | 8h | 10.95% | 2026-10-03 21:53 UTC |
| [Toobit](https://arbtide.com/funding-rates/pendle/toobit) | [PENDLE/USDT:USDT](https://www.toobit.com/en-US/futures/PENDLE-SWAP-USDT) | 0.0100% | 8h | 10.95% | 2026-10-04 00:00 UTC |
| [Hyperliquid](https://arbtide.com/funding-rates/pendle/hyperliquid) | [PENDLE/USDC:USDC](https://app.hyperliquid.xyz/trade/PENDLE) | 0.0013% | 1h | 10.95% | 2026-10-03 22:00 UTC |
| [Aster](https://arbtide.com/funding-rates/pendle/aster) | [PENDLE/USDT:USDT](https://www.asterdex.com/en/trade/pro/futures/PENDLEUSDT) | 0.0100% | 8h | 10.95% | — |
| [Lighter](https://arbtide.com/funding-rates/pendle/lighter) | [PENDLE/USDC:USDC](https://app.lighter.xyz/trade/PENDLE) | 0.0096% | 8h | 10.51% | — |
| [WOOFi Pro](https://arbtide.com/funding-rates/pendle/woofipro) | [PENDLE/USDC:USDC](https://pro.woofi.com/en/trade/PENDLE_PERP) | 0.0072% | 8h | 7.89% | 2026-10-04 00:00 UTC |
| [Paradex](https://arbtide.com/funding-rates/pendle/paradex) | [PENDLE/USD:USDC](https://app.paradex.trade/trade/PENDLE-USD-PERP) | 0.0065% | 8h | 7.08% | — |
| [WhiteBIT](https://arbtide.com/funding-rates/pendle/whitebit) | [PENDLE/USDT:USDT](https://whitebit.com/trade/PENDLE-PERP?type=futures) | 0.0038% | 8h | 4.20% | 2026-10-04 00:00 UTC |
| [dYdX](https://arbtide.com/funding-rates/pendle/dydx) | [PENDLE/USDC:USDC](https://dydx.trade/trade/PENDLE-USD) | 0.0000% | 1h | 0.00% | 2026-10-03 22:00 UTC |
| [Deepcoin](https://arbtide.com/funding-rates/pendle/deepcoin) | [PENDLE/USDT:USDT](https://www.deepcoin.com/en/swap/PENDLE-USDT) | -0.0083% | 8h | -9.09% | — |
| [Kraken](https://arbtide.com/funding-rates/pendle/kraken) | [PENDLE/USD:USD](https://pro.kraken.com/app/trade/futures-pendle-usd-perp) | -0.0021% | 1h | -18.59% | — |

## Frequently asked questions

### Is the PENDLE funding rate positive right now?

Mostly yes. PENDLE funding is positive on 22 of the 25 exchanges, which means longs are paying shorts on those venues.

### Which exchange has the highest PENDLE funding rate?

Backpack at 0.0067% per 1h (58.69% APR). The lowest is Deepcoin at -0.0083% per 8h (-9.09% APR).

### What is the PENDLE funding arbitrage spread?

The gross spread is 0.0619% per 8 hours (67.78% APR): long PENDLE on Deepcoin 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 Binance, Bybit, Bitget, Gate, KuCoin, MEXC, BingX, BTSE, XT.COM, LBank, WEEX, Toobit, Aster, Lighter, WOOFi Pro, Paradex, WhiteBIT, and Deepcoin; every 4 hours on OKX; every hour on Crypto.com, Backpack, Extended, Hyperliquid, dYdX, and Kraken. Rates on this page are also shown as APR so they can be compared directly.