PENDLE

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0108%/8h= −11.9% APRnext payment −$1.08 per $10,000 · paid last 24h −0.020%

Price spread now: Orderly against BingX−0.004%7-day average — · you buy dearer than you sell

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

Long on BingX Short on Orderly

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: −$3 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX PENDLE-USDT	2.5111	0.0100	pay 0.0100% / 8h	11m 11s	—	$35.7M	—
Short	Orderly PERP_PENDLE_USDC	2.5110	−0.0008	pay 0.0008% / 8h	11m 11s	$20K	$16K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly against BingX. 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 BingXbpFee OrderlybpOrdersPrice spread, now −0.004%Rate

Funding earned: −$22.73
Price spread: −0.004% → 0.000%: −$0.4
Slippage, 4 orders: no order book: not counted
Fee BingX: 5 bp × 2 orders: −$10
Fee Orderly: 3 bp × 2 orders: −$6
Net: −$39.12
Costs to cover: 0.160%
Break-even: never at this rate

Slippage unknown: BingX: live order book, 3 min ago; Orderly: no order-book sample. 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 BingX live order book, 3 min ago	4.78 bp	13.5 bp −$14	25.6 bp −$256	214.3 bp −$21.4K	460.5 bp −$230.2K
Sell Orderly no order-book sample	—	—	—	—	—

Orderly: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	−0.5000%	1h	2.4940	−0.681%	$2K	$54K	5.5x	as long as short
Deribit PENDLE_USDC-PERPETUAL	−0.0625%	1h	2.5116	+0.020%	$28K	$11K	10x	as long as short
ApeX Omni PENDLEUSDT	−0.0066%	1h	2.5150	+0.155%	$77K	$239K	50x	as long as short
Binance PENDLEUSDT	−0.0066%	8h	2.5113	+0.008%	$27.2M	$42.1M	75x	as long as short
Extended PENDLE-USD	−0.0064%	1h	2.5095	−0.062%	$165K	$528K	10x	as long as short
MEXC PENDLE_USDT	−0.0063%	8h	2.5113	+0.008%	$17.0M	$1.9M	125x	as long as short
BloFin PENDLE-USDT	−0.0047%	8h	2.5102	−0.036%	$1.3M	$707K	75x	as long as short
Orderly PERP_PENDLE_USDCshort	−0.0008%	8h	2.5110	−0.004%	$20K	$16K	10x
dYdX PENDLE-USD	0.0000%	1h	2.5173	+0.246%	$11K	—	5x	as long as short
GRVT PENDLE_USDT_Perp	+0.0016%	8h	2.5140	+0.116%	$416K	$1.6M	10x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni PENDLE	+0.0022%	8h	2.5081	−0.118%	$596K	$1.9M	—	as long as short
Reya PENDLERUSDPERP	+0.0046%	1h	2.5108	−0.014%	$4K	—	15x	as long as short
Aevo PENDLE-PERP	+0.0064%	1h	2.5101	−0.040%	$26K	—	3x	as long as short
Lighter PENDLE	+0.0096%	1h	2.5119	+0.032%	$529K	$416K	5x	as long as short
Paradex PENDLE-USD-PERP	+0.0100%	8h	2.5130	+0.076%	$35K	$18K	10x	as long as short
Aster PENDLEUSDT	+0.0100%	8h	2.5140	+0.115%	$47K	$177K	10x	as long as short
Bybit PENDLEUSDT	+0.0100%	8h	2.5101	−0.040%	$15.5M	$12.0M	50x	as long as short
OKX PENDLE-USDT-SWAP	+0.0100%	4h	2.5090	−0.084%	$3.2M	$6.0M	50x	as long as short
Gate PENDLE_USDT	+0.0100%	8h	2.5090	−0.084%	$784K	$1.2M	75x	as long as short
KuCoin PENDLEUSDTM	+0.0100%	8h	2.5136	+0.100%	$883K	$600K	50x	as long as short
Bitget PENDLEUSDT	+0.0100%	8h	2.5093	−0.072%	$3.7M	$2.5M	75x	as long as short
BingX PENDLE-USDTlong	+0.0100%	8h	2.5111	long leg	—	$35.7M	—
edgeX PENDLEUSDC	+0.0100%	4h	2.5152	+0.165%	$25K	$380K	10x	as long as short
Polymarket Perps PENDLE-USD	+0.0100%	1h	2.5135	+0.096%	$16K	$20K	5x	as long as short
SunX PENDLE-USDT	+0.0100%	8h	2.5120	+0.036%	$2K	$1.8M	20x	as long as short
GMX PENDLE/USD [PENDLE-USDC]	L +0.0199% / S −0.0256%	1h	2.5116	+0.019%	$5K	—	100x	as long as short
Hyperliquid PENDLE	+0.0338%	1h	2.5155	+0.175%	$12.7M	$6.2M	5x	as long as short
Kraken Futures PF_PENDLEUSD	+0.0597%	1h	2.5161	+0.200%	$119K	$298K	20x	as long as short
Coinbase International PENDLE-PERP-INTX	+0.0600%	1h	2.5340	+0.912%	$141K	$450K	25x	as long as short
Backpack PENDLE_USDC_PERP	+0.0669%	1h	2.5152	+0.163%	$330K	$489K	15x	as long as short