PENDLE

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0157%/8h= −17.2% APRnext payment −$0.20 per $10,000 · paid last 24h −0.035%

Price spread now: Deribit against dYdX+0.113%7-day average — · you sell dearer than you buy

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

Long on dYdX Short on Deribit

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 pays, funding is against you. Deribit is 0.113% dearer against dYdX than usual: you sell high and buy low (spread +0.113% now, against zero (this spread has no 7-day history yet)): +$11 on $10k if it goes back. Holding the pair costs −$5 a day in funding at the current rate, which eats that in about 2.4 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	dYdX PENDLE-USD	2.4554	0	get 0.0000% / 1h	31m 42s	$10K	—	5x
Short	Deribit PENDLE_USDC-PERPETUAL	2.4582	−0.0157	pay 0.0020% / 1h	31m 42s	$25K	$14K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit against dYdX. 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 dYdXbpFee DeribitbpOrdersPrice spread, now +0.113%Rate

Funding earned: −$32.89
Price spread: +0.113% → 0.000%: $11.27
Slippage, 4 orders: no order book: not counted
Fee dYdX: 5 bp × 2 orders: −$10
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$38.62
Costs to cover: 0.170%
Break-even: never at this rate

Slippage unknown: dYdX: no order-book sample; Deribit: 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 dYdX no order-book sample	—	—	—	—	—
Sell Deribit no order-book sample	—	—	—	—	—

dYdX and Deribit: 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	−0.4243%	1h	2.4260	−1.199%	$2K	$54K	5.5x	as long as short
ApeX Omni PENDLEUSDT	−0.0175%	1h	2.4607	+0.215%	$75K	$234K	50x	as long as short
Deribit PENDLE_USDC-PERPETUALshort	−0.0157%	1h	2.4582	+0.113%	$25K	$14K	10x
BloFin PENDLE-USDT	−0.0075%	8h	2.4584	+0.121%	$1.1M	$596K	75x	as long as short
Gate PENDLE_USDT	−0.0066%	8h	2.4530	−0.099%	$718K	$1.1M	75x	as long as short
Binance PENDLEUSDT	−0.0058%	8h	2.4531	−0.095%	$26.0M	$44.1M	75x	as long as short
MEXC PENDLE_USDT	−0.0057%	8h	2.4522	−0.132%	$17.4M	$2.0M	125x	as long as short
Extended PENDLE-USD	−0.0056%	1h	2.4538	−0.067%	$158K	$581K	10x	as long as short
Orderly PERP_PENDLE_USDC	−0.0041%	8h	2.4572	+0.072%	$19K	$15K	10x	as long as short
Aster PENDLEUSDT	−0.0003%	8h	2.4603	+0.198%	$47K	$172K	10x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
dYdX PENDLE-USDlong	0.0000%	1h	2.4554	long leg	$10K	—	5x
GRVT PENDLE_USDT_Perp	+0.0046%	8h	2.4608	+0.219%	$417K	$2.0M	10x	as long as short
Aevo PENDLE-PERP	+0.0064%	1h	2.4562	+0.031%	$26K	—	3x	as long as short
Variational Omni PENDLE	+0.0066%	8h	2.4571	+0.067%	$552K	$1.4M	—	as long as short
Reya PENDLERUSDPERP	+0.0069%	1h	2.4563	+0.035%	$3K	—	15x	as long as short
Lighter PENDLE	+0.0096%	1h	2.4534	−0.083%	$515K	$428K	5x	as long as short
Paradex PENDLE-USD-PERP	+0.0100%	8h	2.4559	+0.021%	$34K	$11K	10x	as long as short
Bybit PENDLEUSDT	+0.0100%	8h	2.4520	−0.140%	$14.4M	$12.1M	50x	as long as short
OKX PENDLE-USDT-SWAP	+0.0100%	4h	2.4550	−0.018%	$3.1M	$6.4M	50x	as long as short
KuCoin PENDLEUSDTM	+0.0100%	8h	2.4551	−0.014%	$887K	$551K	50x	as long as short
Bitget PENDLEUSDT	+0.0100%	8h	2.4525	−0.119%	$3.7M	$2.3M	75x	as long as short
BingX PENDLE-USDT	+0.0100%	8h	2.4552	−0.009%	—	$8.4M	—	as long as short
edgeX PENDLEUSDC	+0.0100%	4h	2.4595	+0.166%	$24K	$377K	10x	as long as short
Polymarket Perps PENDLE-USD	+0.0100%	1h	2.4587	+0.133%	$16K	$7K	5x	as long as short
SunX PENDLE-USDT	+0.0100%	8h	2.4586	+0.129%	$2K	$1.8M	20x	as long as short
Hyperliquid PENDLE	+0.0124%	1h	2.4576	+0.088%	$12.7M	$6.1M	5x	as long as short
GMX PENDLE/USD [PENDLE-USDC]	L +0.0196% / S −0.0222%	1h	2.4583	+0.116%	$5K	—	100x	as long as short
Coinbase International PENDLE-PERP-INTX	+0.0640%	1h	2.4620	+0.267%	$146K	$499K	25x	as long as short
Backpack PENDLE_USDC_PERP	+0.0707%	1h	2.4618	+0.259%	$358K	$400K	15x	as long as short
Kraken Futures PF_PENDLEUSD	+0.1182%	1h	2.4626	+0.291%	$115K	$269K	20x	as long as short