PENDLE

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0062%/8h= +6.8% APRnext payment +$0.62 per $10,000 · paid last 24h +0.003%

Price spread now: SunX against Binance−0.072%7-day average +0.012% · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Binance Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.069%+$7 on $10k

Price spread, last 3 days (all we have)−0.022%−$2 · spread now −0.072%, 7d avg +0.012%

Together, before fees+0.046%+$5 on $10k · with fees, hour by hour

Funding pays, the price is against you. SunX is 0.084% cheaper against Binance than usual: you would sell low and buy high (spread −0.072% now, against its 7-day average of +0.012%). If the spread goes back, that is −$8 on $10k: about 4.5 days of funding at the current rate (+$2 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance PENDLEUSDT	2.5023	0.0038	pay 0.0038% / 8h	1h 50m	$27.2M	$39.6M	75x
Short	SunX PENDLE-USDT	2.5005	0.0100	get 0.0100% / 8h	1h 50m	$1K	$1.7M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX against Binance. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee BinancebpFee SunXbpOrdersPrice spread, now −0.072%Rate

Funding earned: $13.1
Price spread: −0.072% → +0.012%: −$8.43
Slippage, 4 orders: no order book: not counted
Fee Binance: 5 bp × 2 orders: −$10
Fee SunX: 4 bp × 2 orders: −$8
Net: −$13.33
Costs to cover: 0.180%
Break-even: 14.1 days

Slippage unknown: Binance: live order book, 7 min ago; SunX: live order book, 5 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Binance live order book, 7 min ago	1.20 bp	11.8 bp −$12	29.0 bp −$290	doesn't fit	doesn't fit
Sell SunX live order book, 5 min ago	500.17 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit

PENDLE on 30 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Injective PENDLE/USDC PERP	−0.3656%	1h	2.4770	−1.011%	$2K	$53K	5.5x	as long as short
Deribit PENDLE_USDC-PERPETUAL	−0.0509%	1h	2.5003	−0.080%	$29K	$10K	10x	as long as short
dYdX PENDLE-USD	0.0000%	1h	2.5058	+0.139%	$11K	—	5x	as long as short
Orderly PERP_PENDLE_USDC	+0.0031%	8h	2.4997	−0.104%	$20K	$16K	10x	as long as short
BloFin PENDLE-USDT	+0.0037%	8h	2.5026	+0.012%	$1.3M	$728K	75x	as long as short
Binance PENDLEUSDTlong	+0.0038%	8h	2.5023	long leg	$27.2M	$39.6M	75x
Reya PENDLERUSDPERP	+0.0038%	1h	2.5001	−0.087%	$4K	—	15x	as long as short
Extended PENDLE-USD	+0.0040%	1h	2.4975	−0.191%	$165K	$524K	10x	as long as short
MEXC PENDLE_USDT	+0.0040%	8h	2.5018	−0.020%	$16.9M	$2.1M	125x	as long as short
Variational Omni PENDLE	+0.0065%	8h	2.5028	+0.019%	$604K	$2.1M	—	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aevo PENDLE-PERP	+0.0088%	1h	2.4994	−0.115%	$26K	—	3x	as long as short
Lighter PENDLE	+0.0096%	1h	2.4995	−0.112%	$524K	$421K	5x	as long as short
Paradex PENDLE-USD-PERP	+0.0100%	8h	2.5031	+0.032%	$35K	$20K	10x	as long as short
Aster PENDLEUSDT	+0.0100%	8h	2.5004	−0.076%	$41K	$171K	10x	as long as short
Bybit PENDLEUSDT	+0.0100%	8h	2.5011	−0.048%	$15.5M	$11.9M	50x	as long as short
OKX PENDLE-USDT-SWAP	+0.0100%	4h	2.5040	+0.068%	$3.2M	$5.7M	50x	as long as short
Gate PENDLE_USDT	+0.0100%	8h	2.5020	−0.012%	$853K	$1.1M	75x	as long as short
KuCoin PENDLEUSDTM	+0.0100%	8h	2.4993	−0.120%	$891K	$605K	50x	as long as short
Bitget PENDLEUSDT	+0.0100%	8h	2.5011	−0.048%	$3.7M	$2.7M	75x	as long as short
BingX PENDLE-USDT	+0.0100%	8h	2.5022	−0.004%	—	$36.3M	—	as long as short
edgeX PENDLEUSDC	+0.0100%	4h	2.5057	+0.137%	$25K	$411K	10x	as long as short
GRVT PENDLE_USDT_Perp	+0.0100%	8h	2.5164	+0.563%	$424K	$1.6M	10x	as long as short
ApeX Omni PENDLEUSDT	+0.0100%	1h	2.5072	+0.196%	$76K	$239K	50x	as long as short
Polymarket Perps PENDLE-USD	+0.0100%	1h	2.5044	+0.084%	$16K	$19K	5x	as long as short
SunX PENDLE-USDTshort	+0.0100%	8h	2.5005	−0.072%	$1K	$1.7M	20x
Hyperliquid PENDLE	+0.0147%	1h	2.5068	+0.180%	$12.4M	$5.6M	5x	as long as short
GMX PENDLE/USD [PENDLE-USDC]	L +0.0200% / S −0.0277%	1h	2.5012	−0.044%	$5K	—	100x	as long as short
Coinbase International PENDLE-PERP-INTX	+0.0592%	1h	2.5030	+0.028%	$117K	$413K	25x	as long as short
Kraken Futures PF_PENDLEUSD	+0.0753%	1h	2.5009	−0.057%	$149K	$273K	20x	as long as short
Backpack PENDLE_USDC_PERP	+0.0854%	1h	2.5062	+0.156%	$357K	$460K	15x	as long as short