PENDLE funding rates and position payments
Funding is a payment between long and short holders of a perpetual contract. At a positive rate, longs pay shorts. At a negative rate, shorts pay longs.
MSK
Exchanges with current rates
11
Range normalized to 8 hours
-0.0296% → +0.0100%
Where the selected side receives funding
Long: 3 of 11
Calculate one funding payment
The full position value in USD. For a leveraged position, this is collateral multiplied by leverage.
Long on Gate.io · PENDLE_USDT
Receives 2.96 USD equivalent
10 000.00 USD × -0.0296% per 8 h
One settlement calculated from the displayed rate and position notional. Trading fees and profit or loss from price changes are calculated separately.
Compare current funding rates
Rows are ordered by the payment to the selected side over the same eight hours. The original rate and single payment apply to each contract’s own interval.
| Exchange / contract | Rate per interval | 8-hour equivalent | One paymentUSD equivalentLong · 10 000.00 USD | Next settlement |
|---|---|---|---|---|
|
Gate.io
PENDLE_USDT
Rate as of MSK
Open exchange ↗ |
-0.0296% per 8 h | -0.0296% | Receives 2.96 USD | MSK |
|
MEXC
PENDLE_USDT
Rate as of MSK
24-hour volume: 2 039 119 USD |
-0.0034% per 8 h | -0.0034% | Receives 0.34 USD | — |
|
Binance
PENDLEUSDT
Rate as of MSK
24-hour volume: 14 293 492 USD |
-0.0032% per 8 h | -0.0032% | Receives 0.32 USD | MSK |
|
Aster
PENDLEUSDT
Rate as of MSK
Open exchange ↗ |
+0.0100% per 8 h | +0.0100% | Pays 1.00 USD | MSK |
|
BingX
PENDLE-USDT
Rate as of MSK
Open exchange ↗ |
+0.0100% per 8 h | +0.0100% | Pays 1.00 USD | MSK |
|
Bitget
PENDLEUSDT
Rate as of MSK
Open interest: 3 951 199 USD 24-hour volume: 1 083 304 USD |
+0.0100% per 8 h | +0.0100% | Pays 1.00 USD | — |
|
Bybit
PENDLEUSDT
Rate as of MSK
Open interest: 13 084 248 USD 24-hour volume: 2 997 738 USD |
+0.0100% per 8 h | +0.0100% | Pays 1.00 USD | MSK |
|
edgeX
PENDLEUSDC
Rate as of MSK
Open exchange ↗ |
+0.0050% per 4 h | +0.0100% | Pays 0.50 USD | — |
|
Hyperliquid
PENDLE
Rate as of MSK
Open interest: 10 205 235 USD 24-hour volume: 895 444 USD |
+0.0013% per 1 h | +0.0100% | Pays 0.13 USD | — |
|
KuCoin
PENDLEUSDTM
Rate as of MSK
24-hour volume: 424 412 USD |
+0.0100% per 8 h | +0.0100% | Pays 1.00 USD | MSK |
|
OKX
PENDLE-USDT-SWAP
Rate as of MSK
Open exchange ↗ |
+0.0050% per 4 h | +0.0100% | Pays 0.50 USD | MSK |
Latest completed settlements
These payments have already settled. They are separate from the current-rate comparison.
| Exchange / contract | Rate per interval | One paymentUSD equivalentLong · 10 000.00 USD | Settlement time |
|---|---|---|---|
|
Extended
PENDLE-USD
Rate as of MSK
Open interest: 89 197 USD 24-hour volume: 14 041 USD |
-0.0008% per 1 h | Receives 0.08 USD | MSK |
|
GRVT
PENDLE_USDT_Perp
Rate as of MSK
24-hour volume: 360 601 USD |
+0.0100% per 8 h | Pays 1.00 USD | MSK |
|
Lighter
PENDLE-USD
Rate as of MSK
24-hour volume: 387 759 USD |
+0.0012% per 1 h | Pays 0.12 USD | MSK |
Completed settlements over 24 hours and 7 days
The sum of published settlement rates for each contract. Payment amounts are USD equivalents for a constant 10 000.00 USD notional and the selected direction.
GRVT
24 hours
+0.0300%
Pays 3.00 USD
3 settlements
17.10.2026 11:00 — 18.10.2026 03:00 MSK
7 days
+0.2014%
Pays 20.14 USD
21 settlements
11.10.2026 11:00 — 18.10.2026 03:00 MSK
Lighter
24 hours
+0.0276%
Pays 2.76 USD
23 settlements
17.10.2026 09:00 — 18.10.2026 07:00 MSK
7 days
+0.1986%
Pays 19.86 USD
167 settlements
11.10.2026 09:00 — 18.10.2026 07:00 MSK
Extended
24 hours
-0.0047%
Receives 0.47 USD
23 settlements
17.10.2026 09:00 — 18.10.2026 07:00 MSK
7 days
+0.0514%
Pays 5.14 USD
167 settlements
11.10.2026 09:00 — 18.10.2026 07:00 MSK
How rates and payments are calculated
The 8-hour equivalent is the rate per interval × 8 ÷ interval hours. It makes different intervals comparable. One payment is position notional × the original rate. The annualized equivalent in the history is a linear conversion of the rate to one year.
PENDLE funding questions
Who receives funding when the PENDLE rate is positive?
At a positive rate, long holders pay short holders. At a negative rate, the direction reverses. The payment depends on the position notional and the rate of the specific contract.
Should I multiply the payment by leverage again?
No, if the calculator already contains the full position notional. Leverage is used once: position notional equals collateral multiplied by leverage.