PENDLE

Alert: funding

Alert: spread

Funding you earn now, next payment 21:00 UTC+0.0360%/8h= +39.4% APRnext payment +$0.45 per $10,000 · paid last 24h −0.062%

Price spread now: Coinbase International against GMX+0.160%7-day average — · you sell dearer than you buy

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

Long on GMX Short on Coinbase International

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—needs both histories

Both sides work for this trade now. Funding pays +$11 a day on $10k at the current rate, and Coinbase International is 0.160% dearer against GMX than usual: you sell high and buy low: +$16 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	GMX PENDLE/USD [PENDLE-USDC]	2.5180	L +0.0200% / S −0.0277%	pay 0.0025% / 1h	38m 14s	$5K	—	100x
Short	Coinbase International PENDLE-PERP-INTX	2.5220	0.0560	get 0.0070% / 1h	38m 14s	$117K	$433K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against GMX. 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 GMXbpFee Coinbase InternationalbpOrdersPrice spread, now +0.160%Rate

Funding earned: $75.62
Price spread: +0.160% → 0.000%: $16.02
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: $69.64
Costs to cover: 0.220%
Break-even: 0.6 days

Slippage unknown: GMX: no order-book sample; Coinbase International: live order book, 49 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 GMX no order-book sample	—	—	—	—	—
Sell Coinbase International live order book, 49 min ago	5.86 bp	28.0 bp −$28	doesn't fit	doesn't fit	doesn't fit

GMX: 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	−0.4806%	1h	2.4860	−1.269%	$2K	$7K	5.5x	as long as short
Kraken Futures PF_PENDLEUSD	−0.0429%	1h	2.5214	+0.136%	$150K	$279K	20x	as long as short
dYdX PENDLE-USD	0.0000%	1h	2.5179	−0.001%	$11K	—	5x	as long as short
Deribit PENDLE_USDC-PERPETUAL	0.0000%	1h	2.5180	+0.001%	$30K	$10K	10x	as long as short
Variational Omni PENDLE	+0.0019%	8h	2.5180	+0.002%	$609K	$2.3M	—	as long as short
Reya PENDLERUSDPERP	+0.0035%	1h	2.5166	−0.056%	$4K	—	15x	as long as short
Orderly PERP_PENDLE_USDC	+0.0036%	8h	2.5169	−0.042%	$23K	$8K	10x	as long as short
Extended PENDLE-USD	+0.0040%	1h	2.5156	−0.093%	$165K	$524K	10x	as long as short
Binance PENDLEUSDT	+0.0042%	8h	2.5160	−0.079%	$27.4M	$39.1M	75x	as long as short
MEXC PENDLE_USDT	+0.0043%	8h	2.5163	−0.066%	$16.9M	$2.2M	125x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BloFin PENDLE-USDT	+0.0070%	8h	2.5144	−0.142%	$1.3M	$743K	75x	as long as short
Aevo PENDLE-PERP	+0.0088%	1h	2.5159	−0.080%	$26K	—	3x	as long as short
Lighter PENDLE	+0.0096%	1h	2.5172	−0.030%	$544K	$385K	5x	as long as short
Paradex PENDLE-USD-PERP	+0.0100%	8h	2.5148	−0.126%	$35K	$22K	10x	as long as short
Hyperliquid PENDLE	+0.0100%	1h	2.5188	+0.033%	$12.4M	$5.6M	5x	as long as short
Aster PENDLEUSDT	+0.0100%	8h	2.5156	−0.093%	$41K	$177K	10x	as long as short
Bybit PENDLEUSDT	+0.0100%	8h	2.5150	−0.118%	$15.6M	$12.2M	50x	as long as short
OKX PENDLE-USDT-SWAP	+0.0100%	4h	2.5170	−0.038%	$3.3M	$5.7M	50x	as long as short
Gate PENDLE_USDT	+0.0100%	8h	2.5140	−0.157%	$845K	$1.1M	75x	as long as short
KuCoin PENDLEUSDTM	+0.0100%	8h	2.5166	−0.054%	$912K	$608K	50x	as long as short
Bitget PENDLEUSDT	+0.0100%	8h	2.5147	−0.130%	$3.7M	$2.6M	75x	as long as short
BingX PENDLE-USDT	+0.0100%	8h	2.5165	−0.058%	—	$36.3M	—	as long as short
edgeX PENDLEUSDC	+0.0100%	4h	2.5192	+0.050%	$25K	$411K	10x	as long as short
GRVT PENDLE_USDT_Perp	+0.0100%	8h	2.5192	+0.048%	$416K	$1.6M	10x	as long as short
ApeX Omni PENDLEUSDT	+0.0100%	1h	2.5192	+0.049%	$77K	$240K	50x	as long as short
Polymarket Perps PENDLE-USD	+0.0100%	1h	2.5183	+0.013%	$16K	$19K	5x	as long as short
SunX PENDLE-USDT	+0.0100%	8h	2.5162	−0.070%	$2K	$1.7M	20x	as long as short
GMX PENDLE/USD [PENDLE-USDC]long	L +0.0200% / S −0.0277%	1h	2.5180	long leg	$5K	—	100x
Coinbase International PENDLE-PERP-INTXshort	+0.0560%	1h	2.5220	+0.160%	$117K	$433K	25x
Backpack PENDLE_USDC_PERP	+0.0839%	1h	2.5192	+0.049%	$365K	$465K	15x	as long as short