Pendle
Trade future yield as separate tokens. PENDLE-PERP moves on points meta.
0.015%
0.0144% with AWD
0.045%
0.0432% with AWD
1 Hour
vs 8 hours on CEX
4% OFF
With code AWD
PENDLE pumps when new high-yield points programs launch - track upcoming airdrop seasons and restaking protocol launches for entry timing.
Visit app.hyperliquid.xyz/join/AWD and connect your MetaMask or WalletConnect wallet.
Bridge USDC from Arbitrum to Hyperliquid. The bridge takes 1-5 minutes with minimal fees.
Select PENDLE-PERP, set your leverage, and open a position with 4% reduced fees.
PENDLE (Pendle) perpetual futures allow traders to speculate on PENDLE price movements without holding the actual token. On Hyperliquid, PENDLE-PERP trades against USDC with no expiry date, meaning positions can be held indefinitely as long as margin requirements are met.
Hyperliquid offers deep liquidity for PENDLE trading with competitive spreads and minimal slippage for most position sizes.
Unlike centralized exchanges, trading PENDLE on Hyperliquid requires no KYC verification. Connect any EVM-compatible wallet, bridge USDC from Arbitrum, and start trading with leverage up to 20x. Your funds remain in self-custody throughout - no exchange holds your assets.
Why trade PENDLE on Hyperliquid? Pure yield speculation play. The only liquid perp that gives you exposure to the DeFi points and yield meta.
The funding rate is a periodic payment between long and short traders that keeps perpetual futures prices aligned with the spot market. On Hyperliquid, PENDLE funding is calculated and paid every hour - 8x more frequent than most exchanges.
When funding is positive, traders holding long positions pay those holding shorts. When negative, the opposite occurs. Traders can profit from funding by taking positions opposite to market sentiment.
PENDLE funding behavior: Tracks DeFi yield sentiment. When points meta is hot, funding goes strongly positive. Dies during yield compression.
| Feature | Hyperliquid | Binance | Bybit |
|---|---|---|---|
| Maker Fee | 0.015% (0.0144% w/ AWD) | 0.02% | 0.02% |
| Taker Fee | 0.045% (0.0432% w/ AWD) | 0.04% | 0.055% |
| Type | DEX (Decentralized) | CEX | CEX |
| KYC Required | No | Yes | Yes |
| Self-Custody | Yes | No | No |
| Funding Interval | 1 hour | 8 hours | 8 hours |
Get 4% off all trading fees with referral code AWD. No KYC required, self-custody, and the lowest fees in DeFi.
Trade PENDLE on HyperliquidDisclaimer: This site earns commissions from signups using referral code AWD. This is not financial advice. Cryptocurrency trading involves significant risk of loss. Do your own research before trading. Affiliate disclosure · Full disclaimer