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Pendle Perpetual Futures

Pendle Perpetual Futures — Live Data

Trade PENDLEon 10 exchangesHyperliquid logoOpen on Hyperliquid

Market Overview

Pendle is a yield tokenization protocol that enables trading of future yield through principal and yield token separation. PENDLE perpetual futures are available on major centralized exchanges. PENDLE perps have seen growing volume as the yield trading narrative expands, particularly around LST and restaking yields that create new markets on the Pendle platform.

Trading Tips for Pendle Perps

PENDLE TVL and volume spike when new high-yield pools launch, especially around restaking and points farming seasons. Monitor new market listings on Pendle — a high-profile pool like an EigenLayer-related market can drive both TVL and PENDLE price sharply higher.

Where to Trade Pendle Perpetual Futures

Pendle perpetual futures are available on 10 exchanges. Compare fees, leverage, and features below to find the best platform for trading PENDLE perps.

Hyperliquid logo
Hyperliquid
Hyperliquid L1
Maker Fee
0.015%
Taker Fee
0.045%
Max Leverage
50x
Rating
9.2/10
Trade PENDLEReview
dYdX logo
dYdX
dYdX Chain (Cosmos)
Maker Fee
0.010%
Taker Fee
0.050%
Max Leverage
100x
Rating
9.0/10
Trade PENDLEReview
Kwenta logo
Kwenta
Base, Optimism
Maker Fee
0.020%
Taker Fee
0.060%
Max Leverage
100x
Rating
8.4/10
Trade PENDLEReview
Gains Network logo
Gains Network
Arbitrum, Polygon, Base
Maker Fee
0.050%
Taker Fee
0.050%
Max Leverage
1000x
Rating
8.0/10
Trade PENDLEReview
Bluefin logo
Maker Fee
0.010%
Taker Fee
0.035%
Max Leverage
50x
Rating
8.0/10
Trade PENDLEReview
SynFutures logo
Maker Fee
0.010%
Taker Fee
0.020%
Max Leverage
100x
Rating
7.8/10
Trade PENDLEReview
Orderly Network logo
Orderly Network
NEAR, Arbitrum, Optimism, Base, Polygon, Ethereum, Mantle, Avalanche, Solana, SEI
Maker Fee
Free
Taker Fee
0.030%
Max Leverage
50x
Rating
7.8/10
Trade PENDLEReview
DESK logo
DESK
Arbitrum, Base
Maker Fee
-0.010%
Taker Fee
0.017%
Max Leverage
1000x
Rating
7.8/10
Trade PENDLEReview
Aevo logo
Aevo
Aevo L2
Maker Fee
0.050%
Taker Fee
0.080%
Max Leverage
20x
Rating
7.5/10
Trade PENDLEReview
Aster logo
Aster
Arbitrum
Maker Fee
Free
Taker Fee
0.040%
Max Leverage
100x
Rating
7.5/10
Trade PENDLEReview

Frequently Asked Questions — Pendle

What is the current PENDLE perpetual futures funding rate?▼
The live Pendle funding rate is shown above, updated every 2 minutes. Funding rates are displayed as annualized percentages for each exchange listing PENDLE perps. A positive rate means long traders pay short traders, while a negative rate means shorts pay longs.
Which exchange has the lowest PENDLE perp trading fees?▼
The lowest PENDLE taker fee is 0.017% on DESK, versus 0.020% on SynFutures. The cost comparison table above compares total cost — maker/taker fees plus slippage — for a $100,000 PENDLE trade across all 10 venues.
How does Pendle open interest compare across exchanges?▼
Pendle open interest is broken down by exchange in the chart above, showing the total value of outstanding PENDLE derivative contracts on each platform. Rising open interest indicates new capital entering the market, while declining OI suggests positions are being closed.
What does the PENDLE long/short ratio indicate?▼
The Pendle long/short ratio shows the balance between traders betting on price increases (longs) versus decreases (shorts) across exchanges. An extreme ratio in either direction can signal potential reversals as crowded positioning often leads to liquidation cascades.
Where can I trade PENDLE perpetual futures?▼
Pendle perps are listed on 10 exchanges, including Hyperliquid, dYdX, Kwenta, Gains Network, and Bluefin, plus 5 more. See the "Where to Trade" section above for a full comparison of fees, leverage limits, and direct trading links for each venue.

Category: DeFi · Data updates every 2 minutes · All rates shown are annualized

Funding RatesOpen InterestLiquidationsFee ComparisonExchange Deals

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