Why is Pendle up or down today?

According to EnsoTrade order-flow data, PENDLE is roughly flat 0.06% over 24h: flow is balanced with no dominant positioning shift. Longs are paying shorts (+0.0050%/8h), a crowded-long tilt; open interest rose 0.3% over the last 6h. Perp trades at a -0.118% discount to spot.

PENDLE signals

What moves Pendle?

Pendle's short-term moves come from derivatives positioning, not just spot. EnsoTrade reads three live signals: funding (which side is crowded), open interest (new money vs unwinding), and order flow (which side of the book is absorbed). Together they show if a move is real or a trap.

Go deeper on Pendle: Pendle funding & crowding · Pendle order flow.

FAQ

Why is Pendle up or down today?

According to EnsoTrade order-flow data, PENDLE is roughly flat 0.06% over 24h: flow is balanced with no dominant positioning shift. Longs are paying shorts (+0.0050%/8h), a crowded-long tilt; open interest rose 0.3% over the last 6h. Perp trades at a -0.118% discount to spot.

What is the funding rate on Pendle?

Pendle funding is 0.005% per 8h — longs pay shorts (crowded long).

What is Pendle open interest?

$1.91M, up 0.33% in 6h.

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