PENDLE

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0613%/8h= +67.1% APRnext payment +$0.77 per $10,000 · paid last 24h +0.348%

Price spread now: Kraken Futures against dYdX+0.131%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 Kraken Futures

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

Both sides work for this trade now. Funding pays +$18 a day on $10k at the current rate, and Kraken Futures is 0.131% dearer against dYdX than usual: you sell high and buy low: +$13 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	dYdX PENDLE-USD	2.5376	0	get 0.0000% / 1h	12m 50s	$11K	—	5x
Short	Kraken Futures PF_PENDLEUSD	2.5409	0.0613	get 0.0077% / 1h	12m 50s	$118K	$292K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures 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 Kraken FuturesbpOrdersPrice spread, now +0.131%Rate

Funding earned: $128.7
Price spread: +0.131% → 0.000%: $13.14
Slippage, 4 orders: no order book: not counted
Fee dYdX: 5 bp × 2 orders: −$10
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: $121.85
Costs to cover: 0.200%
Break-even: 0.4 days

Slippage unknown: dYdX: no order-book sample; Kraken Futures: live order book, 60 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 Kraken Futures live order book, 60 min ago	13.91 bp	50.3 bp −$50	doesn't fit	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	−0.4643%	1h	2.5030	−1.363%	$2K	$54K	5.5x	as long as short
Bybit PENDLEUSDT	−0.0165%	8h	2.5350	−0.102%	$15.6M	$11.9M	50x	as long as short
GRVT PENDLE_USDT_Perp	−0.0162%	8h	2.5294	−0.324%	$418K	$1.7M	10x	as long as short
Deribit PENDLE_USDC-PERPETUAL	−0.0144%	1h	2.5363	−0.051%	$26K	$14K	10x	as long as short
BloFin PENDLE-USDT	−0.0114%	8h	2.5346	−0.118%	$1.3M	$672K	75x	as long as short
Extended PENDLE-USD	−0.0104%	1h	2.5337	−0.155%	$165K	$570K	10x	as long as short
Binance PENDLEUSDT	−0.0100%	8h	2.5354	−0.086%	$27.4M	$42.7M	75x	as long as short
MEXC PENDLE_USDT	−0.0100%	8h	2.5358	−0.071%	$17.2M	$1.9M	125x	as long as short
ApeX Omni PENDLEUSDT	−0.0076%	1h	2.5345	−0.122%	$77K	$238K	50x	as long as short
Orderly PERP_PENDLE_USDC	−0.0024%	8h	2.5361	−0.059%	$20K	$16K	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	−0.0013%	8h	2.5261	−0.453%	$609K	$1.8M	—	as long as short
dYdX PENDLE-USDlong	0.0000%	1h	2.5376	long leg	$11K	—	5x
Aster PENDLEUSDT	+0.0042%	8h	2.5358	−0.069%	$48K	$173K	10x	as long as short
Reya PENDLERUSDPERP	+0.0051%	1h	2.5347	−0.114%	$4K	—	15x	as long as short
Aevo PENDLE-PERP	+0.0056%	1h	2.5358	−0.072%	$27K	—	3x	as long as short
Gate PENDLE_USDT	+0.0075%	8h	2.5370	−0.023%	$790K	$1.2M	75x	as long as short
Lighter PENDLE	+0.0096%	1h	2.5357	−0.075%	$539K	$418K	5x	as long as short
Paradex PENDLE-USD-PERP	+0.0100%	8h	2.5355	−0.081%	$35K	$18K	10x	as long as short
OKX PENDLE-USDT-SWAP	+0.0100%	4h	2.5350	−0.102%	$3.2M	$6.0M	50x	as long as short
KuCoin PENDLEUSDTM	+0.0100%	8h	2.5369	−0.027%	$887K	$587K	50x	as long as short
Bitget PENDLEUSDT	+0.0100%	8h	2.5339	−0.146%	$3.9M	$2.5M	75x	as long as short
BingX PENDLE-USDT	+0.0100%	8h	2.5366	−0.039%	—	$35.6M	—	as long as short
edgeX PENDLEUSDC	+0.0100%	4h	2.5317	−0.230%	$25K	$383K	10x	as long as short
Polymarket Perps PENDLE-USD	+0.0100%	1h	2.5365	−0.043%	$16K	$20K	5x	as long as short
SunX PENDLE-USDT	+0.0100%	8h	2.5354	−0.086%	$2K	$1.8M	20x	as long as short
GMX PENDLE/USD [PENDLE-USDC]	L +0.0203% / S −0.0382%	1h	2.5368	−0.031%	$7K	—	100x	as long as short
Hyperliquid PENDLE	+0.0356%	1h	2.5419	+0.170%	$13.1M	$6.4M	5x	as long as short
Kraken Futures PF_PENDLEUSDshort	+0.0613%	1h	2.5409	+0.131%	$118K	$292K	20x
Coinbase International PENDLE-PERP-INTX	+0.0728%	1h	2.5360	−0.063%	$143K	$461K	25x	as long as short
Backpack PENDLE_USDC_PERP	+0.0880%	1h	2.5399	+0.091%	$356K	$488K	15x	as long as short