Pendle is a protocol that enables the tokenization and trading of future yield. With the creation of a novel AMM that supports assets with time decay, Pendle gives users more control over future yield by providing optionality and opportunities for its utilization.
Order Book
Connecting…Price Chart: PENDLE
Largest Bid Walls
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Largest Ask Walls
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PENDLE Funding Rate History
Last 7 days · 168 intervalsOver the last 7 days, PENDLE funding has averaged 0.00133% per hour, an annualised rate of 11.6%. Longs paid shorts in 100% of intervals, meaning positioning has leaned long and holding a long position carried an ongoing cost. The rate ranged from 0.00125% to 0.00776%. Work out what this costs on your own position with the funding rate calculator.
PENDLE funding & market FAQ
What is the current PENDLE funding rate?
The current PENDLE funding rate on Hyperliquid is 0.00125% per hour, with a predicted next rate of 0.00125%. Over the past 7 days it has averaged 0.00133%. Hyperliquid charges funding every hour, unlike most centralised exchanges which charge every eight.
Who pays funding on PENDLE right now?
The rate is positive, so longs pay shorts. This happens when the perpetual trades above spot price, and it makes holding a long position an ongoing cost. See how funding rates work for the full mechanism.
What does PENDLE open interest tell me?
PENDLE currently has $15,526,783 of open interest, ranking #77 of 533 Hyperliquid markets. Open interest measures capital currently committed to open positions rather than trading activity, so rising open interest alongside rising price indicates new positions rather than a short squeeze. Read more on open interest.
What is my liquidation price on a PENDLE position?
At the current mark price of $2.4340, a 10x long would be liquidated around $2.1906 and a 10x short around $2.6774. Higher leverage moves those levels much closer — calculate yours exactly with the liquidation price calculator.
Can I trade PENDLE perpetuals without an account?
Trading requires a Hyperliquid wallet connection, but all the data on this page is public and free to view. You can also inspect any trader's PENDLE positions, entries and realised PnL by pasting their wallet address — no sign-up needed.
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