PENDLE Funding Rate — live across 15 venues
25 DEX + 8 CEX · net of fees · updated continuously
Live annualized PENDLE perpetual funding across all 15 venues Perpia tracks. Right now PENDLE funding is positive on 15 and negative on 0, ranging from +58.9% on BackPack to +8.7% on KuCoin — a spread of 50.3%. The widest delta-neutral trade is long MEXC / short BackPack at 45.9% net APR.
PENDLE funding rate by venue
14 pairs scanned| Venue | Funding APR | Interval |
|---|---|---|
| BackPack | +58.9% | 1h |
| Extended | +11.4% | 1h |
| MEXC | +10.9% | 8h |
| Binance | +10.9% | 8h |
| EdgeX | +10.9% | 4h |
| Variational | +10.9% | 8h |
| Aster | +10.9% | 1h |
| OKX | +10.9% | 4h |
| Gate.io | +10.9% | 8h |
| Hyperliquid | +10.9% | 1h |
| BingX | +10.9% | 8h |
| Bybit | +10.9% | 8h |
| Lighter | +10.5% | 8h |
| Bitget | +9.9% | 8h |
| KuCoin | +8.7% | 8h |
Rates annualized; updated ~every few minutes from live venue data.
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PENDLE funding — FAQ
Is PENDLE funding positive right now?
PENDLE perpetual funding is positive on 15 of 15 venues Perpia tracks. The highest is +58.9% on BackPack; the lowest is +8.7% on KuCoin.
What is the best PENDLE funding arbitrage right now?
Go long MEXC and short BackPack for about 45.9% net APR after fees — the widest delta-neutral PENDLE spread Perpia currently sees.
Which exchange has the highest PENDLE funding rate?
BackPack, at +58.9% annualized. Funding shifts continuously, so check the live table above before trading.
How PENDLE funding arbitrage works
Funding-rate arbitrage is delta-neutral: you go long the venue paying the most negative funding and short the one paying the most positive, so price moves cancel and you collect the spread. The catch is liquidity — a huge APR on a thin book caps at a few thousand dollars and often flips within hours. Perpia shows the max size after slippage and tracks whether a spread holds, so you filter instead of chasing the number.