PENDLE: longs are crowded; funding is 54% annualized vs. a 7-day normal of 11%
Funding paid by longs is 4.9× its 7-day average, showing too many long positions and making it more likely that price will pull back.
Extreme funding: 65% of the last 202 beat the market after 24h ·All signal types →
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Why short: funding is unusually high, showing longs are overcrowded and price is more likely to pull back. Profit mainly comes from the price move, not funding: rates often flip within a day, and realized funding is only a small share. 7-day mean +0.0013%, deviation 19.6σ.
7-day funding trend
Hourly settlementsOver 7 days and 168 settlements, longs paid shorts 168 times and shorts paid longs 0 times; the settled low was +0.0007% and high was +0.0039%.
This rate is above every settlement in this period.
Tracked whales on PENDLE
Tracked pool · 6 current addressesLargest Long position: $267.06K, unrealized PnL −$35.64K; at the current rate, funding affects it by about −$22 per hour.
Signals cover 1553 whale wallets in the engine's tracked pool. Profiles use the Hyperliquid fills available to the engine. · Signals use the public Hyperliquid API. Nicknames describe trading style, not identity; profiles and tags are calculated from available fills.