Skip to content
PerpFinder
Live Data

Pendle Perpetual Futures

Pendle Perpetual Futures — Live Data

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.

PENDLE Perps Data — DeFi Category

This page presents perpetual futures analytics for DeFi protocol tokens, covering trading volume, open interest, funding rates, and liquidation data across major exchanges. DeFi perp data is particularly valuable when cross-referenced with on-chain TVL metrics — tokens with rising open interest but declining TVL often face mean-reversion pressure. Funding rate divergences between DeFi governance tokens can signal which protocols are attracting speculative positioning ahead of governance votes or fee-switch proposals. Volume spikes in DeFi perps frequently coincide with yield farming rotations and liquidity mining events.

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
9.2/5
dYdX logo
dYdX
dYdX Chain (Cosmos)
Maker Fee
0.010%
Taker Fee
0.050%
Max Leverage
100x
Rating
9.0/5
Kwenta logo
Kwenta
Base, Optimism
Maker Fee
0.020%
Taker Fee
0.060%
Max Leverage
100x
Rating
8.4/5
Gains Network logo
Gains Network
Arbitrum, Polygon, Base
Maker Fee
0.080%
Taker Fee
0.080%
Max Leverage
1000x
Rating
8.0/5
Maker Fee
0.010%
Taker Fee
0.035%
Max Leverage
50x
Rating
8.0/5
Maker Fee
0.010%
Taker Fee
0.020%
Max Leverage
100x
Rating
7.8/5
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
7.8/5
DESK logo
DESK
Arbitrum, Base
Maker Fee
-0.010%
Taker Fee
0.017%
Max Leverage
1000x
Rating
7.8/5
Aevo logo
Aevo
Aevo L2
Maker Fee
0.050%
Taker Fee
0.080%
Max Leverage
20x
Rating
7.5/5
Aster logo
Aster
Arbitrum
Maker Fee
0.005%
Taker Fee
0.040%
Max Leverage
100x
Rating
7.5/5

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 cost comparison table above estimates total trading costs (maker/taker fees plus slippage) for a $100,000 PENDLE perpetual futures trade across all major exchanges. Compare fees for PENDLE perps on both centralized and decentralized platforms to find the most cost-effective venue.
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 currently listed on 10 exchanges. See the "Where to Trade" section above for a full comparison of fees, leverage limits, and direct trading links for each platform.

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