PENDLE

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0744%/8h= +81.5% APRnext payment +$0.93 per $10,000 · paid last 24h −0.008%

Price spread now: Coinbase International against Extended+0.279%7-day average +0.148% · you sell dearer than you buy

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

Long on Extended Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days+0.046%+$5 on $10k

Price spread, last 3 days (all we have)−0.045%−$4 · spread now +0.279%, 7d avg +0.148%

Together, before fees+0.001%+ Points / potential airdropExtended: Active · farm board$0 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$22 a day on $10k at the current rate, and Coinbase International is 0.131% dearer against Extended than usual: you sell high and buy low: +$13 more if the spread goes back to its 7-day average of +0.148%.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.046% in total (about 2.4% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.93 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended PENDLE-USD	2.4990	−0.0112	get 0.0014% / 1h	55m 24s	$163K	$565K	10x
Short	Coinbase International PENDLE-PERP-INTX	2.5060	0.0632	get 0.0079% / 1h	55m 24s	$144K	$464K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against Extended. 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 ExtendedbpFee Coinbase InternationalbpOrdersPrice spread, now +0.279%Rate

Funding earned: $156.24
Price spread: +0.279% → +0.148%: $13.11
Slippage, 4 orders: no order book: not counted
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: $154.35
Costs to cover: 0.150%
Break-even: 0.1 days

Slippage unknown: Extended: live order book, 12 min ago; Coinbase International: live order book, 13 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 Extended live order book, 12 min ago	0.99 bp	14.3 bp −$14	128.8 bp −$1,288	doesn't fit	doesn't fit
Sell Coinbase International live order book, 13 min ago	11.82 bp	436.1 bp −$436	doesn't fit	doesn't fit	doesn't fit

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	2.4850	−0.561%	$2K	$54K	5.5x	as long as short
Deribit PENDLE_USDC-PERPETUAL	−0.1108%	1h	2.5002	+0.047%	$26K	$14K	10x	as long as short
ApeX Omni PENDLEUSDT	−0.0934%	1h	2.5163	+0.692%	$77K	$237K	50x	as long as short
Bybit PENDLEUSDT	−0.0176%	8h	2.4977	−0.053%	$15.3M	$12.0M	50x	as long as short
GRVT PENDLE_USDT_Perp	−0.0147%	8h	2.5089	+0.395%	$420K	$1.6M	10x	as long as short
Binance PENDLEUSDT	−0.0113%	8h	2.4995	+0.018%	$27.0M	$43.0M	75x	as long as short
Extended PENDLE-USDlong	−0.0112%	1h	2.4990	long leg	$163K	$565K	10x
MEXC PENDLE_USDT	−0.0110%	8h	2.5008	+0.071%	$17.2M	$1.8M	125x	as long as short
BloFin PENDLE-USDT	−0.0096%	8h	2.5118	+0.511%	$1.3M	$653K	75x	as long as short
Variational Omni PENDLE	−0.0035%	8h	2.5006	+0.064%	$596K	$1.8M	—	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Orderly PERP_PENDLE_USDC	−0.0029%	8h	2.5033	+0.171%	$20K	$16K	10x	as long as short
dYdX PENDLE-USD	0.0000%	1h	2.5025	+0.138%	$11K	—	5x	as long as short
Aster PENDLEUSDT	+0.0013%	8h	2.5026	+0.141%	$50K	$181K	10x	as long as short
Gate PENDLE_USDT	+0.0037%	8h	2.5000	+0.039%	$779K	$1.2M	75x	as long as short
Reya PENDLERUSDPERP	+0.0053%	1h	2.4989	−0.005%	$4K	—	15x	as long as short
Aevo PENDLE-PERP	+0.0056%	1h	2.5030	+0.158%	$26K	—	3x	as long as short
Lighter PENDLE	+0.0096%	1h	2.5007	+0.067%	$532K	$414K	5x	as long as short
Paradex PENDLE-USD-PERP	+0.0100%	8h	2.4999	+0.034%	$35K	$16K	10x	as long as short
OKX PENDLE-USDT-SWAP	+0.0100%	4h	2.5020	+0.119%	$3.2M	$6.1M	50x	as long as short
KuCoin PENDLEUSDTM	+0.0100%	8h	2.5018	+0.111%	$851K	$591K	50x	as long as short
Bitget PENDLEUSDT	+0.0100%	8h	2.4996	+0.023%	$3.8M	$2.5M	75x	as long as short
BingX PENDLE-USDT	+0.0100%	8h	2.4988	−0.009%	—	$33.8M	—	as long as short
edgeX PENDLEUSDC	+0.0100%	4h	2.5136	+0.585%	$25K	$380K	10x	as long as short
Polymarket Perps PENDLE-USD	+0.0100%	1h	2.5021	+0.123%	$16K	$20K	5x	as long as short
SunX PENDLE-USDT	+0.0100%	8h	2.5005	+0.059%	$2K	$1.8M	20x	as long as short
GMX PENDLE/USD [PENDLE-USDC]	L +0.0158% / S −0.0256%	1h	2.5013	+0.093%	$7K	—	100x	as long as short
Hyperliquid PENDLE	+0.0207%	1h	2.5045	+0.219%	$12.9M	$6.4M	5x	as long as short
Backpack PENDLE_USDC_PERP	+0.0247%	1h	2.5052	+0.247%	$351K	$485K	15x	as long as short
Coinbase International PENDLE-PERP-INTXshort	+0.0632%	1h	2.5060	+0.279%	$144K	$464K	25x
Kraken Futures PF_PENDLEUSD	+0.0870%	1h	2.5054	+0.254%	$116K	$290K	20x	as long as short