Pendle funding rate: crowded long or short?
According to EnsoTrade, PENDLE funding is +0.0050%/8h — longs are paying shorts (+0.0050%/8h), a crowded-long tilt.
Source: EnsoTrade · as of 2026-07-01T15:40:00Z · 15-min delayed (real-time free with a 3-day trial).
PENDLE funding & positioning
| Funding rate (8h) | +0.005% |
|---|
| Crowding | longs are paying shorts (+0.0050%/8h), a crowded-long tilt |
|---|
| Open interest | $1.68M |
|---|
| Perp basis | -0.145% |
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See Pendle funding live on EnsoTrade →
How to read Pendle funding
A positive funding rate means Pendle longs pay shorts (crowded long); negative means shorts pay longs (crowded short). Pair it with order flow and why Pendle is moving: crowding only matters when price stops rewarding the crowd.
FAQ
- What is the Pendle funding rate right now?
- According to EnsoTrade, PENDLE funding is +0.0050%/8h — longs are paying shorts (+0.0050%/8h), a crowded-long tilt.
- Is Pendle crowded long or short?
- Pendle: longs are paying shorts (+0.0050%/8h), a crowded-long tilt.
- What is Pendle perp basis?
- Pendle perp basis is -0.145% (futures below spot, fear or short demand).
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