PENDLE

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0040%/8h= +4.4% APRnext payment +$0.05 per $10,000 · paid last 24h +0.027%

Price spread now: Extended against dYdX−0.025%7-day average — · you buy dearer than you sell

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

Long on dYdX Short on Extended

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—+ Points / potential airdropExtended: Active · farm boardneeds both histories

Funding pays, the price is against you. Extended is 0.025% cheaper against dYdX than usual: you would sell low and buy high (spread −0.025% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$3 on $10k: about 2.1 days of funding at the current rate (+$1 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	dYdX PENDLE-USD	2.5190	0	get 0.0000% / 1h	53m 09s	$11K	—	5x
Short	Extended PENDLE-USD	2.5183	0.0040	get 0.0005% / 1h	53m 09s	$165K	$524K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended 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 ExtendedbpOrdersPrice spread, now −0.025%Rate

Funding earned: $8.4
Price spread: −0.025% → 0.000%: −$2.54
Slippage, 4 orders: no order book: not counted
Fee dYdX: 5 bp × 2 orders: −$10
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$9.14
Costs to cover: 0.150%
Break-even: 14.6 days

Slippage unknown: dYdX: no order-book sample; Extended: live order book, 34 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 dYdX no order-book sample	—	—	—	—	—
Sell Extended live order book, 34 min ago	1.18 bp	13.6 bp −$14	109.6 bp −$1,096	doesn't fit	doesn't fit

dYdX: 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	−0.4806%	1h	2.4860	−1.309%	$2K	$7K	5.5x	as long as short
Kraken Futures PF_PENDLEUSD	−0.0429%	1h	2.5207	+0.068%	$159K	$259K	20x	as long as short
Deribit PENDLE_USDC-PERPETUAL	−0.0067%	1h	2.5209	+0.076%	$30K	$10K	10x	as long as short
dYdX PENDLE-USDlong	0.0000%	1h	2.5190	long leg	$11K	—	5x
Variational Omni PENDLE	+0.0010%	8h	2.5125	−0.258%	$607K	$2.3M	—	as long as short
Reya PENDLERUSDPERP	+0.0033%	1h	2.5206	+0.063%	$4K	—	15x	as long as short
Orderly PERP_PENDLE_USDC	+0.0035%	8h	2.5203	+0.053%	$23K	$8K	10x	as long as short
MEXC PENDLE_USDT	+0.0035%	8h	2.5193	+0.013%	$16.9M	$2.2M	125x	as long as short
Binance PENDLEUSDT	+0.0037%	8h	2.5196	+0.024%	$27.5M	$39.0M	75x	as long as short
Extended PENDLE-USDshort	+0.0040%	1h	2.5183	−0.025%	$165K	$524K	10x

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BloFin PENDLE-USDT	+0.0041%	8h	2.5191	+0.005%	$1.3M	$799K	75x	as long as short
Aster PENDLEUSDT	+0.0076%	8h	2.5214	+0.095%	$41K	$177K	10x	as long as short
Aevo PENDLE-PERP	+0.0088%	1h	2.5200	+0.042%	$26K	—	3x	as long as short
Lighter PENDLE	+0.0096%	1h	2.5201	+0.045%	$552K	$376K	5x	as long as short
Paradex PENDLE-USD-PERP	+0.0100%	8h	2.5198	+0.031%	$35K	$22K	10x	as long as short
Hyperliquid PENDLE	+0.0100%	1h	2.5226	+0.144%	$12.4M	$5.5M	5x	as long as short
Bybit PENDLEUSDT	+0.0100%	8h	2.5184	−0.023%	$15.6M	$12.3M	50x	as long as short
OKX PENDLE-USDT-SWAP	+0.0100%	4h	2.5200	+0.041%	$3.3M	$5.6M	50x	as long as short
Gate PENDLE_USDT	+0.0100%	8h	2.5200	+0.041%	$849K	$1.1M	75x	as long as short
KuCoin PENDLEUSDTM	+0.0100%	8h	2.5205	+0.061%	$909K	$607K	50x	as long as short
Bitget PENDLEUSDT	+0.0100%	8h	2.5198	+0.033%	$3.8M	$2.6M	75x	as long as short
BingX PENDLE-USDT	+0.0100%	8h	2.5196	+0.025%	—	$36.3M	—	as long as short
edgeX PENDLEUSDC	+0.0100%	4h	2.5194	+0.017%	$25K	$411K	10x	as long as short
GRVT PENDLE_USDT_Perp	+0.0100%	8h	2.5218	+0.112%	$416K	$1.6M	10x	as long as short
ApeX Omni PENDLEUSDT	+0.0100%	1h	2.5100	−0.356%	$77K	$239K	50x	as long as short
Polymarket Perps PENDLE-USD	+0.0100%	1h	2.5213	+0.092%	$16K	$19K	5x	as long as short
SunX PENDLE-USDT	+0.0100%	8h	2.5213	+0.092%	$2K	$1.7M	20x	as long as short
GMX PENDLE/USD [PENDLE-USDC]	L +0.0200% / S −0.0277%	1h	2.5207	+0.070%	$5K	—	100x	as long as short
Coinbase International PENDLE-PERP-INTX	+0.0560%	1h	2.5270	+0.319%	$118K	$440K	25x	as long as short
Backpack PENDLE_USDC_PERP	+0.0802%	1h	2.5253	+0.251%	$366K	$466K	15x	as long as short