PENDLE

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0115%/8h= −12.6% APRnext payment −$1.15 per $10,000 · paid last 24h −0.022%

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

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

Long on Bitget 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	Bitget PENDLEUSDT	2.4178	0.0100	pay 0.0100% / 8h	24m 26s	$3.7M	$2.5M	75x
Short	Orderly PERP_PENDLE_USDC	2.4179	−0.0015	pay 0.0015% / 8h	24m 26s	$18K	$15K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly against Bitget. 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 BitgetbpFee OrderlybpOrdersPrice spread, now +0.004%Rate

Funding earned: −$24.24
Price spread: +0.004% → 0.000%: $0.41
Slippage, 4 orders: no order book: not counted
Fee Bitget: 6 bp × 2 orders: −$12
Fee Orderly: 3 bp × 2 orders: −$6
Net: −$41.83
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: Bitget: 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 Bitget live order book, 3 min ago	3.92 bp	15.6 bp −$16	25.1 bp −$251	doesn't fit	doesn't fit
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	−0.4810%	1h	2.3920	−1.067%	$2K	$54K	5.5x	as long as short
Deribit PENDLE_USDC-PERPETUAL	−0.0205%	1h	2.4187	+0.037%	$24K	$16K	10x	as long as short
Orderly PERP_PENDLE_USDCshort	−0.0015%	8h	2.4179	+0.004%	$18K	$15K	10x
dYdX PENDLE-USD	0.0000%	1h	2.4225	+0.196%	$10K	—	5x	as long as short
Binance PENDLEUSDT	+0.0008%	8h	2.4181	+0.012%	$25.4M	$46.0M	75x	as long as short
Extended PENDLE-USD	+0.0008%	1h	2.4173	−0.020%	$157K	$927K	10x	as long as short
MEXC PENDLE_USDT	+0.0009%	8h	2.4170	−0.033%	$17.9M	$2.1M	125x	as long as short
ApeX Omni PENDLEUSDT	+0.0023%	1h	2.4203	+0.103%	$74K	$232K	50x	as long as short
BloFin PENDLE-USDT	+0.0032%	8h	2.4188	+0.041%	$1.1M	$501K	75x	as long as short
Gate PENDLE_USDT	+0.0064%	8h	2.4200	+0.091%	$760K	$1.1M	75x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT PENDLE_USDT_Perp	+0.0080%	8h	2.4226	+0.199%	$409K	$2.5M	10x	as long as short
Aevo PENDLE-PERP	+0.0080%	1h	2.4171	−0.027%	$25K	—	3x	as long as short
Reya PENDLERUSDPERP	+0.0084%	1h	2.4183	+0.021%	$3K	—	15x	as long as short
Lighter PENDLE	+0.0096%	1h	2.4194	+0.066%	$521K	$432K	5x	as long as short
Paradex PENDLE-USD-PERP	+0.0100%	8h	2.4170	−0.032%	$34K	$5K	10x	as long as short
Hyperliquid PENDLE	+0.0100%	1h	2.4208	+0.125%	$12.6M	$6.1M	5x	as long as short
Aster PENDLEUSDT	+0.0100%	8h	2.4201	+0.095%	$47K	$171K	10x	as long as short
Bybit PENDLEUSDT	+0.0100%	8h	2.4170	−0.033%	$14.1M	$12.2M	50x	as long as short
OKX PENDLE-USDT-SWAP	+0.0100%	4h	2.4190	+0.050%	$3.1M	$6.7M	50x	as long as short
KuCoin PENDLEUSDTM	+0.0100%	8h	2.4211	+0.136%	$719K	$617K	50x	as long as short
Bitget PENDLEUSDTlong	+0.0100%	8h	2.4178	long leg	$3.7M	$2.5M	75x
BingX PENDLE-USDT	+0.0100%	8h	2.4185	+0.029%	—	$8.2M	—	as long as short
Variational Omni PENDLE	+0.0100%	8h	2.4186	+0.031%	$563K	$1.3M	—	as long as short
edgeX PENDLEUSDC	+0.0100%	4h	2.4218	+0.167%	$24K	$368K	10x	as long as short
Polymarket Perps PENDLE-USD	+0.0100%	1h	2.4213	+0.145%	$16K	$4K	5x	as long as short
SunX PENDLE-USDT	+0.0100%	8h	2.4203	+0.103%	$1K	$1.8M	20x	as long as short
GMX PENDLE/USD [PENDLE-USDC]	L +0.0196% / S −0.0222%	1h	2.4218	+0.166%	$5K	—	100x	as long as short
Backpack PENDLE_USDC_PERP	+0.0642%	1h	2.4247	+0.285%	$350K	$435K	15x	as long as short
Coinbase International PENDLE-PERP-INTX	+0.0672%	1h	2.4260	+0.339%	$156K	$506K	25x	as long as short
Kraken Futures PF_PENDLEUSD	+0.1529%	1h	2.4246	+0.282%	$115K	$262K	20x	as long as short