Pendle (PENDLE) Perpetual Futures

Live Pendle perpetual-futures data — price, funding rate, open interest, trader positioning and 24-hour liquidations, aggregated across major exchanges. Pendle is a yield-trading DeFi token with sharp moves around points and incentives.

Pendle perpetual futures, explained

A PENDLE perpetual future (perp) lets you trade Pendle with leverage and no expiry. The funding rate keeps the perp price tethered to spot — positive funding means PENDLE longs are paying shorts (crowded longs), negative means the reverse. Open interest is the total value of open PENDLE positions; a fast rise means new leverage is flowing in. Liquidations show where over-leveraged PENDLE traders got force-closed — long liquidations on drops, short liquidations on rallies.

How to use this PENDLE dashboard

Read the four numbers together. Heavy positive funding plus lopsided long positioning and rising open interest is a crowded long setup that can unwind sharply. A spike in long liquidations often marks a local PENDLE bottom; a wave of short liquidations can fuel a squeeze higher. Confirm entries on the technical screener and size with the PENDLE liquidation calculator so leverage never puts you closer to liquidation than you intend.

PENDLE data aggregated across major exchanges (deepest market shown). For information only — not financial advice.