Pendle perpetual futures
PENDLE perpetual contracts on 9 reviewed venues.
PerpFinder may earn a commission from this link. You can lose all your money on perp trades. Details
Funding rates
Annualized rates across exchanges
BybitCEX
OKXCEX
BitgetCEX
Gate.ioCEX
BingXCEX
KuCoinCEX
Open interest
Per-exchange open interest
HyperliquidBybitBitgetOKX
PhemexKuCoinGate.ioWhat the PENDLE data shows
Funding direction differs by venue: longs pay on GMX, BloFin, and 16 more; longs receive on Orderly and Kraken; the rate is zero on dYdX. The rates run from +20.95% a year on GMX to -52.14% on Kraken.
No venue holds half of the $40.4m in reported PENDLE open interest. Hyperliquid has the largest share, 35.7%, and Bybit is next with 34.4%.
The PENDLE settlement periods differ: 11 venues settle every 8 hours; 4 venues settle every hour; OKX settles every 4 hours.
Hyperliquid quoted PENDLE at $2.37 and Gate.io at $2.36, a gap of 16.1 bps.
- Source: public APIs of 21 venues for PENDLE, read at October 3, 2026, 10:48 UTC.
Where to Trade Pendle Perpetual Futures
Fees and leverage limits apply venue-wide; confirm PENDLE limits with the venue.
Pendle 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 splits yield-bearing assets into principal and yield legs, effectively creating a tradable interest-rate market on-chain. PENDLE perps therefore behave as a leveraged bet on the crypto rates narrative: activity in the underlying protocol rises when yield trading is in demand, and the token tends to amplify that cycle.
Frequently Asked Questions — Pendle
What funding data is available for PENDLE?
21 venues report a PENDLE funding rate in this read.
An annualized PENDLE rate extrapolates one reading and does not predict a return.
What open interest data is available for PENDLE?
16 venues report positive PENDLE open interest in this read.
The PENDLE total leaves out venues outside the read.
Which mapped venue has the lowest recorded PENDLE taker fee?
DESK lists 0.017% and SynFutures lists 0.020%, the two lowest of 8 mapped PENDLE maker/taker schedules.
1 PENDLE venue charges a position fee and is not compared.
Category: DeFi