PENDLE

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0042%/8h= −4.6% APRnext payment −$0.42 per $10,000 · paid last 24h −0.014%

Price spread now: Orderly against Gate−0.044%7-day average — · you buy dearer than you sell

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

Long on Gate Short on Orderly

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 against this trade now: funding costs −$1 a day on $10k at the current rate, and Orderly is 0.044% cheaper against Gate than usual: you would sell low and buy high (−$4 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate PENDLE_USDT	2.4770	0.0007	pay 0.0007% / 8h	4h 55m	$719K	$1.1M	75x
Short	Orderly PERP_PENDLE_USDC	2.4759	−0.0035	pay 0.0035% / 8h	4h 55m	$19K	$15K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly against Gate. 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 GatebpFee OrderlybpOrdersPrice spread, now −0.044%Rate

Funding earned: −$8.91
Price spread: −0.044% → 0.000%: −$4.44
Slippage, 4 orders: no order book: not counted
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Orderly: 3 bp × 2 orders: −$6
Net: −$34.35
Costs to cover: 0.210%
Break-even: never at this rate

Slippage unknown: Gate: live order book, 1 min ago; Orderly: 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 Gate live order book, 1 min ago	4.05 bp	20.2 bp −$20	161.5 bp −$1,615	doesn't fit	doesn't fit
Sell Orderly no order-book sample	—	—	—	—	—

Orderly: 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	−0.4334%	1h	2.4430	−1.373%	$2K	$54K	5.5x	as long as short
Extended PENDLE-USD	−0.0072%	1h	2.4715	−0.221%	$161K	$570K	10x	as long as short
MEXC PENDLE_USDT	−0.0072%	8h	2.4732	−0.153%	$17.3M	$1.9M	125x	as long as short
Binance PENDLEUSDT	−0.0071%	8h	2.4752	−0.072%	$26.4M	$43.9M	75x	as long as short
BloFin PENDLE-USDT	−0.0066%	8h	2.4680	−0.363%	$1.3M	$653K	75x	as long as short
Aster PENDLEUSDT	−0.0040%	8h	2.4754	−0.064%	$47K	$178K	10x	as long as short
Orderly PERP_PENDLE_USDCshort	−0.0035%	8h	2.4759	−0.044%	$19K	$15K	10x
dYdX PENDLE-USD	0.0000%	1h	2.4712	−0.236%	$10K	—	5x	as long as short
Deribit PENDLE_USDC-PERPETUAL	0.0000%	1h	2.4766	−0.016%	$25K	$14K	10x	as long as short
Gate PENDLE_USDTlong	+0.0007%	8h	2.4770	long leg	$719K	$1.1M	75x

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni PENDLE	+0.0030%	8h	2.4746	−0.097%	$564K	$1.8M	—	as long as short
Reya PENDLERUSDPERP	+0.0062%	1h	2.4772	+0.008%	$3K	—	15x	as long as short
Aevo PENDLE-PERP	+0.0064%	1h	2.4749	−0.085%	$26K	—	3x	as long as short
GRVT PENDLE_USDT_Perp	+0.0074%	8h	2.4676	−0.380%	$412K	$1.8M	10x	as long as short
Lighter PENDLE	+0.0096%	1h	2.4764	−0.024%	$528K	$413K	5x	as long as short
Paradex PENDLE-USD-PERP	+0.0100%	8h	2.4727	−0.173%	$35K	$13K	10x	as long as short
Bybit PENDLEUSDT	+0.0100%	8h	2.4739	−0.125%	$14.7M	$12.4M	50x	as long as short
OKX PENDLE-USDT-SWAP	+0.0100%	4h	2.4750	−0.081%	$3.1M	$6.2M	50x	as long as short
KuCoin PENDLEUSDTM	+0.0100%	8h	2.4771	+0.004%	$839K	$581K	50x	as long as short
Bitget PENDLEUSDT	+0.0100%	8h	2.4766	−0.016%	$3.7M	$2.4M	75x	as long as short
BingX PENDLE-USDT	+0.0100%	8h	2.4724	−0.186%	—	$8.6M	—	as long as short
edgeX PENDLEUSDC	+0.0100%	4h	2.4669	−0.406%	$24K	$379K	10x	as long as short
ApeX Omni PENDLEUSDT	+0.0100%	1h	2.4682	−0.355%	$75K	$235K	50x	as long as short
Polymarket Perps PENDLE-USD	+0.0100%	1h	2.4785	+0.061%	$16K	$8K	5x	as long as short
SunX PENDLE-USDT	+0.0100%	8h	2.4763	−0.028%	$2K	$1.8M	20x	as long as short
GMX PENDLE/USD [PENDLE-USDC]	L +0.0196% / S −0.0222%	1h	2.4769	−0.006%	$5K	—	100x	as long as short
Hyperliquid PENDLE	+0.0374%	1h	2.4790	+0.081%	$12.6M	$6.1M	5x	as long as short
Coinbase International PENDLE-PERP-INTX	+0.0608%	1h	2.4760	−0.040%	$147K	$493K	25x	as long as short
Backpack PENDLE_USDC_PERP	+0.0904%	1h	2.4811	+0.166%	$357K	$479K	15x	as long as short
Kraken Futures PF_PENDLEUSD	+0.1173%	1h	2.4790	+0.079%	$115K	$278K	20x	as long as short