PENDLE

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0124%/8h= +13.6% APRpaid last 24h +0.005%

Price spread now: BingX against Extended+0.063%7-day average +0.053% · you sell dearer than you buy

Net, funding: paid 7d − costs−$51as in the Funding arb table

Net, price: spread back to 7d avg − costs−$53as in the Price arb table

costs, in and out, $10k−$540.543% of the position

What this pair did over the last

the charts below follow

Funding, last 7 days+0.029%+$3 on $10k

Price spread, last 4 days (all we have)−0.051%−$5 · spread now +0.063%, 7d avg +0.053%

Together, before fees−0.022%+ Points / potential airdropExtended: Active · farm board−$2 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.053%, so right now this pair is about funding alone: +$4 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended PENDLE-USD	2.5191	−0.0024	get 0.0003% / 1h	35m 30s	$166K	$528K	10x
Short	BingX PENDLE-USDT	2.5207	0.0100	get 0.0100% / 8h	35m 30s	—	$35.7M	—

Funding history

latest

Range statsloading…

BingX against Extended. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

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

Position, each leg$Hold fordaysFee ExtendedbpFee BingXbpOrdersPrice spread, now +0.063%Rate

Slippage from Extended: live order book, 42 min ago; BingX: live order book, 3 min ago.

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Extended live order book, 42 min ago	1.00 bp	14.0 bp −$14	106.1 bp −$1,061	doesn't fit	doesn't fit
Sell BingX live order book, 3 min ago	4.36 bp	14.0 bp −$14	25.0 bp −$250	136.1 bp −$13.6K	372.9 bp −$186.4K

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	−0.5000%	1h	2.4940	−0.997%	$2K	$54K	5.5x	as long as short
Deribit PENDLE_USDC-PERPETUAL	−0.0344%	1h	2.5224	+0.131%	$30K	$10K	10x	as long as short
ApeX Omni PENDLEUSDT	−0.0090%	1h	2.5215	+0.095%	$77K	$239K	50x	as long as short
Binance PENDLEUSDT	−0.0027%	8h	2.5209	+0.071%	$27.3M	$41.9M	75x	as long as short
MEXC PENDLE_USDT	−0.0026%	8h	2.5197	+0.023%	$17.1M	$1.9M	125x	as long as short
Extended PENDLE-USDlong	−0.0024%	1h	2.5191	long leg	$166K	$528K	10x
BloFin PENDLE-USDT	−0.0009%	8h	2.5234	+0.170%	$1.3M	$763K	75x	as long as short
dYdX PENDLE-USD	0.0000%	1h	2.5242	+0.201%	$11K	—	5x	as long as short
Orderly PERP_PENDLE_USDC	0.0000%	8h	2.5214	+0.091%	$20K	$16K	10x	as long as short
Variational Omni PENDLE	+0.0043%	8h	2.5187	−0.016%	$594K	$1.9M	—	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Reya PENDLERUSDPERP	+0.0045%	1h	2.5204	+0.051%	$4K	—	15x	as long as short
GRVT PENDLE_USDT_Perp	+0.0050%	8h	2.5225	+0.134%	$418K	$1.6M	10x	as long as short
Aevo PENDLE-PERP	+0.0072%	1h	2.5217	+0.103%	$26K	—	3x	as long as short
Lighter PENDLE	+0.0096%	1h	2.5216	+0.099%	$531K	$415K	5x	as long as short
Paradex PENDLE-USD-PERP	+0.0100%	8h	2.5203	+0.046%	$35K	$18K	10x	as long as short
Aster PENDLEUSDT	+0.0100%	8h	2.5227	+0.144%	$46K	$177K	10x	as long as short
Bybit PENDLEUSDT	+0.0100%	8h	2.5198	+0.027%	$15.5M	$11.9M	50x	as long as short
OKX PENDLE-USDT-SWAP	+0.0100%	4h	2.5200	+0.035%	$3.2M	$6.1M	50x	as long as short
Gate PENDLE_USDT	+0.0100%	8h	2.5210	+0.075%	$783K	$1.2M	75x	as long as short
KuCoin PENDLEUSDTM	+0.0100%	8h	2.5242	+0.202%	$893K	$600K	50x	as long as short
Bitget PENDLEUSDT	+0.0100%	8h	2.5210	+0.075%	$3.7M	$2.7M	75x	as long as short
BingX PENDLE-USDTshort	+0.0100%	8h	2.5207	+0.063%	—	$35.7M	—
edgeX PENDLEUSDC	+0.0100%	4h	2.5204	+0.050%	$25K	$396K	10x	as long as short
Polymarket Perps PENDLE-USD	+0.0100%	1h	2.5228	+0.147%	$16K	$20K	5x	as long as short
SunX PENDLE-USDT	+0.0100%	8h	2.5223	+0.127%	$2K	$1.8M	20x	as long as short
GMX PENDLE/USD [PENDLE-USDC]	L +0.0199% / S −0.0256%	1h	2.5229	+0.151%	$5K	—	100x	as long as short
Hyperliquid PENDLE	+0.0222%	1h	2.5268	+0.305%	$12.7M	$6.1M	5x	as long as short
Kraken Futures PF_PENDLEUSD	+0.0594%	1h	2.5270	+0.314%	$120K	$299K	20x	as long as short
Coinbase International PENDLE-PERP-INTX	+0.0600%	1h	2.5340	+0.591%	$141K	$458K	25x	as long as short
Backpack PENDLE_USDC_PERP	+0.0855%	1h	2.5271	+0.317%	$329K	$491K	15x	as long as short