Pendle (PENDLE) funding rate: Hyperliquid vs Lighter

Price 2.0633 · every rate converted to APR · Hyperliquid and Lighter pay funding every hour

Hyperliquid, APR
10.9%
0.0013% per hour
Lighter, APR
10.5%
0.0012% per hour
Binance, APR
-7.3%
-0.0008% per hour
Bybit, APR
8.6%
0.0010% per hour
Max spread, APR
18.3%
Short on Hyperliquid, long on Binance

Average paid funding, APR

Exchange24 hours7 days30 days
Hyperliquid10.9%10.9%12.9%
Lighter9.9%10.4%10.5%

Hyperliquid funding by hour, 7 days

11/10, 02:00: 0.0013% (10.9% APR)11/10, 03:00: 0.0013% (10.9% APR)11/10, 04:00: 0.0013% (10.9% APR)11/10, 05:00: 0.0013% (10.9% APR)11/10, 06:00: 0.0013% (10.9% APR)11/10, 07:00: 0.0013% (10.9% APR)11/10, 08:00: 0.0013% (10.9% APR)11/10, 09:00: 0.0013% (10.9% APR)11/10, 10:00: 0.0013% (10.9% APR)11/10, 11:00: 0.0013% (10.9% APR)11/10, 12:00: 0.0013% (10.9% APR)11/10, 13:00: 0.0013% (10.9% APR)11/10, 14:00: 0.0013% (10.9% APR)11/10, 15:00: 0.0013% (10.9% APR)11/10, 16:00: 0.0013% (10.9% APR)11/10, 17:00: 0.0013% (10.9% APR)11/10, 18:00: 0.0013% (10.9% APR)11/10, 19:00: 0.0013% (10.9% APR)11/10, 20:00: 0.0013% (10.9% APR)11/10, 21:00: 0.0013% (10.9% APR)11/10, 22:00: 0.0013% (10.9% APR)11/10, 23:00: 0.0013% (10.9% APR)12/10, 00:00: 0.0013% (10.9% APR)12/10, 01:00: 0.0013% (10.9% APR)12/10, 02:00: 0.0013% (10.9% APR)12/10, 03:00: 0.0013% (10.9% APR)12/10, 04:00: 0.0013% (10.9% APR)12/10, 05:00: 0.0013% (10.9% APR)12/10, 06:00: 0.0013% (10.9% APR)12/10, 07:00: 0.0013% (10.9% APR)12/10, 08:00: 0.0013% (10.9% APR)12/10, 09:00: 0.0013% (10.9% APR)12/10, 10:00: 0.0013% (10.9% APR)12/10, 11:00: 0.0013% (10.9% APR)12/10, 12:00: 0.0013% (10.9% APR)12/10, 13:00: 0.0013% (10.9% APR)12/10, 14:00: 0.0013% (10.9% APR)12/10, 15:00: 0.0013% (10.9% APR)12/10, 16:00: 0.0013% (10.9% APR)12/10, 17:00: 0.0013% (10.9% APR)12/10, 18:00: 0.0013% (10.9% APR)12/10, 19:00: 0.0013% (10.9% APR)12/10, 20:00: 0.0013% (10.9% APR)12/10, 21:00: 0.0013% (10.9% APR)12/10, 22:00: 0.0013% (10.9% APR)12/10, 23:00: 0.0013% (10.9% APR)13/10, 00:00: 0.0013% (10.9% APR)13/10, 01:00: 0.0013% (10.9% APR)13/10, 02:00: 0.0013% (10.9% APR)13/10, 03:00: 0.0013% (10.9% APR)13/10, 04:00: 0.0013% (10.9% APR)13/10, 05:00: 0.0013% (10.9% APR)13/10, 06:00: 0.0013% (10.9% APR)13/10, 07:00: 0.0013% (10.9% APR)13/10, 08:00: 0.0013% (10.9% APR)13/10, 09:00: 0.0013% (10.9% APR)13/10, 10:00: 0.0013% (10.9% APR)13/10, 11:00: 0.0013% (10.9% APR)13/10, 12:00: 0.0013% (10.9% APR)13/10, 13:00: 0.0013% (10.9% APR)13/10, 14:00: 0.0013% (10.9% APR)13/10, 15:00: 0.0013% (10.9% APR)13/10, 16:00: 0.0013% (10.9% APR)13/10, 17:00: 0.0013% (10.9% APR)13/10, 18:00: 0.0013% (10.9% APR)13/10, 19:00: 0.0013% (10.9% APR)13/10, 20:00: 0.0013% (10.9% APR)13/10, 21:00: 0.0013% (10.9% APR)13/10, 22:00: 0.0013% (10.9% APR)13/10, 23:00: 0.0013% (10.9% APR)14/10, 00:00: 0.0013% (10.9% APR)14/10, 01:00: 0.0013% (10.9% APR)14/10, 02:00: 0.0013% (10.9% APR)14/10, 03:00: 0.0013% (10.9% APR)14/10, 04:00: 0.0013% (10.9% APR)14/10, 05:00: 0.0013% (10.9% APR)14/10, 06:00: 0.0013% (10.9% APR)14/10, 07:00: 0.0013% (10.9% APR)14/10, 08:00: 0.0013% (10.9% APR)14/10, 09:00: 0.0013% (10.9% APR)14/10, 10:00: 0.0013% (10.9% APR)14/10, 11:00: 0.0013% (10.9% APR)14/10, 12:00: 0.0013% (10.9% APR)14/10, 13:00: 0.0013% (10.9% APR)14/10, 14:00: 0.0013% (10.9% APR)14/10, 15:00: 0.0013% (10.9% APR)14/10, 16:00: 0.0013% (10.9% APR)14/10, 17:00: 0.0013% (10.9% APR)14/10, 18:00: 0.0013% (10.9% APR)14/10, 19:00: 0.0013% (10.9% APR)14/10, 20:00: 0.0013% (10.9% APR)14/10, 21:00: 0.0013% (10.9% APR)14/10, 22:00: 0.0013% (10.9% APR)14/10, 23:00: 0.0013% (10.9% APR)15/10, 00:00: 0.0013% (10.9% APR)15/10, 01:00: 0.0013% (10.9% APR)15/10, 02:00: 0.0013% (10.9% APR)15/10, 03:00: 0.0013% (10.9% APR)15/10, 04:00: 0.0013% (10.9% APR)15/10, 05:00: 0.0013% (10.9% APR)15/10, 06:00: 0.0013% (10.9% APR)15/10, 07:00: 0.0013% (10.9% APR)15/10, 08:00: 0.0013% (10.9% APR)15/10, 09:00: 0.0013% (10.9% APR)15/10, 10:00: 0.0013% (10.9% APR)15/10, 11:00: 0.0013% (10.9% APR)15/10, 12:00: 0.0013% (10.9% APR)15/10, 13:00: 0.0013% (10.9% APR)15/10, 14:00: 0.0013% (10.9% APR)15/10, 15:00: 0.0013% (10.9% APR)15/10, 16:00: 0.0013% (10.9% APR)15/10, 17:00: 0.0013% (10.9% APR)15/10, 18:00: 0.0013% (10.9% APR)15/10, 19:00: 0.0013% (10.9% APR)15/10, 20:00: 0.0013% (10.9% APR)15/10, 21:00: 0.0013% (10.9% APR)15/10, 22:00: 0.0013% (10.9% APR)15/10, 23:00: 0.0013% (10.9% APR)16/10, 00:00: 0.0013% (10.9% APR)16/10, 01:00: 0.0013% (10.9% APR)16/10, 02:00: 0.0013% (10.9% APR)16/10, 03:00: 0.0013% (10.9% APR)16/10, 04:00: 0.0013% (10.9% APR)16/10, 05:00: 0.0013% (10.9% APR)16/10, 06:00: 0.0013% (10.9% APR)16/10, 07:00: 0.0013% (10.9% APR)16/10, 08:00: 0.0013% (10.9% APR)16/10, 09:00: 0.0013% (10.9% APR)16/10, 10:00: 0.0013% (10.9% APR)16/10, 11:00: 0.0013% (10.9% APR)16/10, 12:00: 0.0013% (10.9% APR)16/10, 13:00: 0.0013% (10.9% APR)16/10, 14:00: 0.0013% (10.9% APR)16/10, 15:00: 0.0013% (10.9% APR)16/10, 16:00: 0.0013% (10.9% APR)16/10, 17:00: 0.0013% (10.9% APR)16/10, 18:00: 0.0013% (10.9% APR)16/10, 19:00: 0.0013% (10.9% APR)16/10, 20:00: 0.0013% (10.9% APR)16/10, 21:00: 0.0013% (10.9% APR)16/10, 22:00: 0.0013% (10.9% APR)16/10, 23:00: 0.0013% (10.9% APR)17/10, 00:00: 0.0013% (10.9% APR)17/10, 01:00: 0.0013% (10.9% APR)17/10, 02:00: 0.0013% (10.9% APR)17/10, 03:00: 0.0013% (10.9% APR)17/10, 04:00: 0.0013% (10.9% APR)17/10, 05:00: 0.0013% (10.9% APR)17/10, 06:00: 0.0013% (10.9% APR)17/10, 07:00: 0.0013% (10.9% APR)17/10, 08:00: 0.0013% (10.9% APR)17/10, 09:00: 0.0013% (10.9% APR)17/10, 10:00: 0.0013% (10.9% APR)17/10, 11:00: 0.0013% (10.9% APR)17/10, 12:00: 0.0013% (10.9% APR)17/10, 13:00: 0.0013% (10.9% APR)17/10, 14:00: 0.0013% (10.9% APR)17/10, 15:00: 0.0013% (10.9% APR)17/10, 16:00: 0.0013% (10.9% APR)17/10, 17:00: 0.0013% (10.9% APR)+11% APR−11%12 Oct13 Oct14 Oct15 Oct16 Oct17 Oct
Longs pay shortsShorts pay longs

Lighter funding by hour, 7 days

11/10, 02:00: 0.0012% (10.5% APR)11/10, 03:00: 0.0012% (10.5% APR)11/10, 04:00: 0.0012% (10.5% APR)11/10, 05:00: 0.0012% (10.5% APR)11/10, 06:00: 0.0012% (10.5% APR)11/10, 07:00: 0.0012% (10.5% APR)11/10, 08:00: 0.0012% (10.5% APR)11/10, 09:00: 0.0012% (10.5% APR)11/10, 10:00: 0.0012% (10.5% APR)11/10, 11:00: 0.0012% (10.5% APR)11/10, 12:00: 0.0012% (10.5% APR)11/10, 13:00: 0.0012% (10.5% APR)11/10, 14:00: 0.0012% (10.5% APR)11/10, 15:00: 0.0012% (10.5% APR)11/10, 16:00: 0.0012% (10.5% APR)11/10, 17:00: 0.0012% (10.5% APR)11/10, 18:00: 0.0012% (10.5% APR)11/10, 19:00: 0.0012% (10.5% APR)11/10, 20:00: 0.0012% (10.5% APR)11/10, 21:00: 0.0012% (10.5% APR)11/10, 22:00: 0.0012% (10.5% APR)11/10, 23:00: 0.0012% (10.5% APR)12/10, 00:00: 0.0012% (10.5% APR)12/10, 01:00: 0.0012% (10.5% APR)12/10, 02:00: 0.0012% (10.5% APR)12/10, 03:00: 0.0012% (10.5% APR)12/10, 04:00: 0.0012% (10.5% APR)12/10, 05:00: 0.0012% (10.5% APR)12/10, 06:00: 0.0012% (10.5% APR)12/10, 07:00: 0.0012% (10.5% APR)12/10, 08:00: 0.0012% (10.5% APR)12/10, 09:00: 0.0012% (10.5% APR)12/10, 10:00: 0.0012% (10.5% APR)12/10, 11:00: 0.0012% (10.5% APR)12/10, 12:00: 0.0012% (10.5% APR)12/10, 13:00: 0.0012% (10.5% APR)12/10, 14:00: 0.0012% (10.5% APR)12/10, 15:00: 0.0012% (10.5% APR)12/10, 16:00: 0.0012% (10.5% APR)12/10, 17:00: 0.0012% (10.5% APR)12/10, 18:00: 0.0012% (10.5% APR)12/10, 19:00: 0.0012% (10.5% APR)12/10, 20:00: 0.0012% (10.5% APR)12/10, 21:00: 0.0012% (10.5% APR)12/10, 22:00: 0.0012% (10.5% APR)12/10, 23:00: 0.0012% (10.5% APR)13/10, 00:00: 0.0012% (10.5% APR)13/10, 01:00: 0.0012% (10.5% APR)13/10, 02:00: 0.0012% (10.5% APR)13/10, 03:00: 0.0012% (10.5% APR)13/10, 04:00: 0.0012% (10.5% APR)13/10, 05:00: 0.0012% (10.5% APR)13/10, 06:00: 0.0012% (10.5% APR)13/10, 07:00: 0.0012% (10.5% APR)13/10, 08:00: 0.0012% (10.5% APR)13/10, 09:00: 0.0012% (10.5% APR)13/10, 10:00: 0.0012% (10.5% APR)13/10, 11:00: 0.0012% (10.5% APR)13/10, 12:00: 0.0012% (10.5% APR)13/10, 13:00: 0.0012% (10.5% APR)13/10, 14:00: 0.0012% (10.5% APR)13/10, 15:00: 0.0012% (10.5% APR)13/10, 16:00: 0.0012% (10.5% APR)13/10, 17:00: 0.0012% (10.5% APR)13/10, 18:00: 0.0012% (10.5% APR)13/10, 19:00: 0.0012% (10.5% APR)13/10, 20:00: 0.0012% (10.5% APR)13/10, 21:00: 0.0012% (10.5% APR)13/10, 22:00: 0.0012% (10.5% APR)13/10, 23:00: 0.0012% (10.5% APR)14/10, 00:00: 0.0012% (10.5% APR)14/10, 01:00: 0.0012% (10.5% APR)14/10, 02:00: 0.0012% (10.5% APR)14/10, 03:00: 0.0012% (10.5% APR)14/10, 04:00: 0.0012% (10.5% APR)14/10, 05:00: 0.0012% (10.5% APR)14/10, 06:00: 0.0012% (10.5% APR)14/10, 07:00: 0.0012% (10.5% APR)14/10, 08:00: 0.0012% (10.5% APR)14/10, 09:00: 0.0012% (10.5% APR)14/10, 10:00: 0.0012% (10.5% APR)14/10, 11:00: 0.0012% (10.5% APR)14/10, 12:00: 0.0012% (10.5% APR)14/10, 13:00: 0.0012% (10.5% APR)14/10, 14:00: 0.0012% (10.5% APR)14/10, 15:00: 0.0012% (10.5% APR)14/10, 16:00: 0.0012% (10.5% APR)14/10, 17:00: 0.0012% (10.5% APR)14/10, 18:00: 0.0012% (10.5% APR)14/10, 19:00: 0.0012% (10.5% APR)14/10, 20:00: 0.0012% (10.5% APR)14/10, 21:00: 0.0012% (10.5% APR)14/10, 22:00: 0.0012% (10.5% APR)14/10, 23:00: 0.0012% (10.5% APR)15/10, 00:00: 0.0012% (10.5% APR)15/10, 01:00: 0.0012% (10.5% APR)15/10, 02:00: 0.0012% (10.5% APR)15/10, 03:00: 0.0012% (10.5% APR)15/10, 04:00: 0.0012% (10.5% APR)15/10, 05:00: 0.0012% (10.5% APR)15/10, 06:00: 0.0012% (10.5% APR)15/10, 07:00: 0.0012% (10.5% APR)15/10, 08:00: 0.0012% (10.5% APR)15/10, 09:00: 0.0012% (10.5% APR)15/10, 10:00: 0.0012% (10.5% APR)15/10, 11:00: 0.0012% (10.5% APR)15/10, 12:00: 0.0012% (10.5% APR)15/10, 13:00: 0.0012% (10.5% APR)15/10, 14:00: 0.0012% (10.5% APR)15/10, 15:00: 0.0012% (10.5% APR)15/10, 16:00: 0.0012% (10.5% APR)15/10, 17:00: 0.0012% (10.5% APR)15/10, 18:00: 0.0012% (10.5% APR)15/10, 19:00: 0.0012% (10.5% APR)15/10, 20:00: 0.0012% (10.5% APR)15/10, 21:00: 0.0012% (10.5% APR)15/10, 22:00: 0.0012% (10.5% APR)15/10, 23:00: 0.0012% (10.5% APR)16/10, 00:00: 0.0012% (10.5% APR)16/10, 01:00: 0.0012% (10.5% APR)16/10, 02:00: 0.0012% (10.5% APR)16/10, 03:00: 0.0012% (10.5% APR)16/10, 04:00: 0.0012% (10.5% APR)16/10, 05:00: 0.0012% (10.5% APR)16/10, 06:00: 0.0012% (10.5% APR)16/10, 07:00: 0.0012% (10.5% APR)16/10, 08:00: 0.0012% (10.5% APR)16/10, 09:00: 0.0012% (10.5% APR)16/10, 10:00: 0.0012% (10.5% APR)16/10, 11:00: 0.0012% (10.5% APR)16/10, 12:00: 0.0012% (10.5% APR)16/10, 13:00: 0.0012% (10.5% APR)16/10, 14:00: 0.0012% (10.5% APR)16/10, 15:00: 0.0012% (10.5% APR)16/10, 16:00: 0.0012% (10.5% APR)16/10, 17:00: 0.0012% (10.5% APR)16/10, 18:00: 0.0012% (10.5% APR)16/10, 19:00: 0.0012% (10.5% APR)16/10, 20:00: 0.0012% (10.5% APR)16/10, 21:00: 0.0012% (10.5% APR)16/10, 22:00: 0.0012% (10.5% APR)16/10, 23:00: 0.0012% (10.5% APR)17/10, 00:00: 0.0012% (10.5% APR)17/10, 01:00: 0.0012% (10.5% APR)17/10, 02:00: -0.0006% (-5.3% APR)17/10, 03:00: 0.0012% (10.5% APR)17/10, 04:00: 0.0012% (10.5% APR)17/10, 05:00: 0.0012% (10.5% APR)17/10, 06:00: 0.0012% (10.5% APR)17/10, 07:00: 0.0012% (10.5% APR)17/10, 08:00: 0.0012% (10.5% APR)17/10, 09:00: 0.0012% (10.5% APR)17/10, 10:00: 0.0012% (10.5% APR)17/10, 11:00: 0.0012% (10.5% APR)17/10, 12:00: 0.0012% (10.5% APR)17/10, 13:00: 0.0012% (10.5% APR)17/10, 14:00: 0.0012% (10.5% APR)17/10, 15:00: 0.0012% (10.5% APR)17/10, 16:00: 0.0012% (10.5% APR)17/10, 17:00: 0.0012% (10.5% APR)17/10, 18:00: 0.0012% (10.5% APR)17/10, 19:00: 0.0012% (10.5% APR)17/10, 20:00: 0.0012% (10.5% APR)17/10, 21:00: 0.0012% (10.5% APR)17/10, 22:00: 0.0012% (10.5% APR)17/10, 23:00: 0.0012% (10.5% APR)18/10, 00:00: 0.0012% (10.5% APR)18/10, 01:00: 0.0012% (10.5% APR)+11% APR−11%12 Oct13 Oct14 Oct15 Oct16 Oct17 Oct
Longs pay shortsShorts pay longs

PENDLE funding on Hyperliquid →PENDLE: whale positions →All markets: funding comparison →

PENDLE funding comparison: questions and answers

Where is PENDLE funding the highest right now?

Hyperliquid: 10.9%, Lighter: 10.5%, Bybit: 8.6%, Binance: -7.3% APR. A positive rate means longs pay shorts.

How can you earn the PENDLE funding spread?

Short PENDLE on Hyperliquid and go long the same size on Binance: the price risk is hedged, and the difference of 18.3% a year is collected while it lasts. Fees, the price gap between exchanges and a change of the rates eat into the profit, and each side can be liquidated.

What has PENDLE funding averaged on Hyperliquid and Lighter?

Hyperliquid: 10.9% over 24 hours and 10.9% over 7 days. Lighter: 9.9% over 24 hours and 10.4% over 7 days (APR).