PENDLE

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0053%/8h= +5.8% APRnext payment +$0.07 per $10,000 · paid last 24h −0.001%

Price spread now: Reya against dYdX−0.027%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 Reya

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

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

Together, before fees—+ Points / potential airdropReya: Active · farm boardneeds both histories

Funding pays, the price is against you. Reya is 0.027% cheaper against dYdX than usual: you would sell low and buy high (spread −0.027% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$3 on $10k: about 41 hours of funding at the current rate (+$2 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	dYdX PENDLE-USD	2.5141	0	get 0.0000% / 1h	50m 35s	$11K	—	5x
Short	Reya PENDLERUSDPERP	2.5134	0.0053	get 0.0007% / 1h	50m 35s	$4K	—	15x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Reya 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 ReyabpOrdersPrice spread, now −0.027%Rate

Funding earned: $11.12
Price spread: −0.027% → 0.000%: −$2.74
Slippage, 4 orders: no order book: not counted
Fee dYdX: 5 bp × 2 orders: −$10
Fee Reya: 3 bp × 2 orders: −$6
Net: −$7.62
Costs to cover: 0.160%
Break-even: 11.8 days

Slippage unknown: dYdX: no order-book sample; Reya: 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 Reya no order-book sample	—	—	—	—	—

dYdX and Reya: 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	−0.4742%	1h	2.4750	−1.555%	$2K	$54K	5.5x	as long as short
Deribit PENDLE_USDC-PERPETUAL	−0.0742%	1h	2.5169	+0.111%	$26K	$14K	10x	as long as short
ApeX Omni PENDLEUSDT	−0.0640%	1h	2.5131	−0.040%	$77K	$237K	50x	as long as short
Bybit PENDLEUSDT	−0.0163%	8h	2.5133	−0.032%	$15.4M	$12.1M	50x	as long as short
GRVT PENDLE_USDT_Perp	−0.0129%	8h	2.5154	+0.052%	$420K	$1.7M	10x	as long as short
Extended PENDLE-USD	−0.0112%	1h	2.5124	−0.069%	$163K	$565K	10x	as long as short
BloFin PENDLE-USDT	−0.0112%	8h	2.5148	+0.028%	$1.3M	$655K	75x	as long as short
Binance PENDLEUSDT	−0.0111%	8h	2.5157	+0.062%	$27.2M	$43.2M	75x	as long as short
MEXC PENDLE_USDT	−0.0111%	8h	2.5159	+0.072%	$17.4M	$1.8M	125x	as long as short
Gate PENDLE_USDT	−0.0041%	8h	2.5150	+0.036%	$785K	$1.2M	75x	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	−0.0040%	8h	2.5116	−0.099%	$599K	$1.8M	—	as long as short
Orderly PERP_PENDLE_USDC	−0.0031%	8h	2.5133	−0.032%	$20K	$16K	10x	as long as short
dYdX PENDLE-USDlong	0.0000%	1h	2.5141	long leg	$11K	—	5x
Aster PENDLEUSDT	+0.0011%	8h	2.5160	+0.076%	$50K	$180K	10x	as long as short
Reya PENDLERUSDPERPshort	+0.0053%	1h	2.5134	−0.027%	$4K	—	15x
Aevo PENDLE-PERP	+0.0056%	1h	2.5125	−0.064%	$26K	—	3x	as long as short
Lighter PENDLE	+0.0096%	1h	2.5159	+0.072%	$535K	$414K	5x	as long as short
Paradex PENDLE-USD-PERP	+0.0100%	8h	2.5151	+0.040%	$35K	$16K	10x	as long as short
OKX PENDLE-USDT-SWAP	+0.0100%	4h	2.5120	−0.083%	$3.2M	$6.2M	50x	as long as short
KuCoin PENDLEUSDTM	+0.0100%	8h	2.5166	+0.100%	$855K	$593K	50x	as long as short
Bitget PENDLEUSDT	+0.0100%	8h	2.5133	−0.032%	$3.8M	$2.5M	75x	as long as short
BingX PENDLE-USDT	+0.0100%	8h	2.5123	−0.072%	—	$33.8M	—	as long as short
edgeX PENDLEUSDC	+0.0100%	4h	2.5102	−0.154%	$25K	$380K	10x	as long as short
Polymarket Perps PENDLE-USD	+0.0100%	1h	2.5165	+0.096%	$16K	$20K	5x	as long as short
SunX PENDLE-USDT	+0.0100%	8h	2.5146	+0.020%	$1K	$1.8M	20x	as long as short
GMX PENDLE/USD [PENDLE-USDC]	L +0.0158% / S −0.0256%	1h	2.5166	+0.100%	$7K	—	100x	as long as short
Hyperliquid PENDLE	+0.0307%	1h	2.5196	+0.219%	$13.0M	$6.4M	5x	as long as short
Backpack PENDLE_USDC_PERP	+0.0315%	1h	2.5198	+0.227%	$353K	$485K	15x	as long as short
Coinbase International PENDLE-PERP-INTX	+0.0632%	1h	2.5140	−0.004%	$145K	$468K	25x	as long as short
Kraken Futures PF_PENDLEUSD	+0.0865%	1h	2.5188	+0.186%	$117K	$291K	20x	as long as short