PENDLE

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0203%/8h= −22.3% APRnext payment −$0.25 per $10,000 · paid last 24h −0.055%

Price spread now: dYdX against GMX−0.002%7-day average — · you buy dearer than you sell

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

Long on GMX Short on dYdX

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

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: −$6 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GMX PENDLE/USD [PENDLE-USDC]	2.5343	L +0.0203% / S −0.0382%	pay 0.0025% / 1h	15m 02s	$7K	—	100x
Short	dYdX PENDLE-USD	2.5343	0	get 0.0000% / 1h	15m 02s	$11K	—	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

dYdX 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 dYdXbpOrdersPrice spread, now −0.002%Rate

Funding earned: −$42.68
Price spread: −0.002% → 0.000%: −$0.23
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee dYdX: 5 bp × 2 orders: −$10
Net: −$64.91
Costs to cover: 0.220%
Break-even: never at this rate

Slippage unknown: GMX: no order-book sample; dYdX: 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 GMX no order-book sample	—	—	—	—	—
Sell dYdX no order-book sample	—	—	—	—	—

GMX and dYdX: 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	−0.4643%	1h	2.4970	−1.473%	$2K	$54K	5.5x	as long as short
Deribit PENDLE_USDC-PERPETUAL	−0.0223%	1h	2.5331	−0.049%	$26K	$14K	10x	as long as short
GRVT PENDLE_USDT_Perp	−0.0196%	8h	2.5228	−0.457%	$417K	$1.7M	10x	as long as short
Bybit PENDLEUSDT	−0.0135%	8h	2.5290	−0.211%	$15.5M	$11.9M	50x	as long as short
BloFin PENDLE-USDT	−0.0121%	8h	2.5295	−0.191%	$1.3M	$671K	75x	as long as short
Extended PENDLE-USD	−0.0104%	1h	2.5290	−0.211%	$164K	$570K	10x	as long as short
Binance PENDLEUSDT	−0.0101%	8h	2.5294	−0.195%	$27.3M	$42.6M	75x	as long as short
MEXC PENDLE_USDT	−0.0099%	8h	2.5294	−0.195%	$17.1M	$1.9M	125x	as long as short
ApeX Omni PENDLEUSDT	−0.0078%	1h	2.5241	−0.404%	$77K	$238K	50x	as long as short
Orderly PERP_PENDLE_USDC	−0.0024%	8h	2.5330	−0.053%	$20K	$16K	10x	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	−0.0013%	8h	2.5261	−0.325%	$609K	$1.8M	—	as long as short
dYdX PENDLE-USDshort	0.0000%	1h	2.5343	−0.002%	$11K	—	5x
Aster PENDLEUSDT	+0.0043%	8h	2.5326	−0.067%	$47K	$173K	10x	as long as short
Reya PENDLERUSDPERP	+0.0051%	1h	2.5332	−0.044%	$4K	—	15x	as long as short
Aevo PENDLE-PERP	+0.0056%	1h	2.5325	−0.074%	$26K	—	3x	as long as short
Gate PENDLE_USDT	+0.0065%	8h	2.5310	−0.132%	$788K	$1.2M	75x	as long as short
Lighter PENDLE	+0.0096%	1h	2.5333	−0.041%	$538K	$418K	5x	as long as short
Paradex PENDLE-USD-PERP	+0.0100%	8h	2.5340	−0.013%	$35K	$18K	10x	as long as short
OKX PENDLE-USDT-SWAP	+0.0100%	4h	2.5290	−0.211%	$3.2M	$6.0M	50x	as long as short
KuCoin PENDLEUSDTM	+0.0100%	8h	2.5327	−0.065%	$886K	$587K	50x	as long as short
Bitget PENDLEUSDT	+0.0100%	8h	2.5294	−0.195%	$3.8M	$2.5M	75x	as long as short
BingX PENDLE-USDT	+0.0100%	8h	2.5300	−0.171%	—	$35.7M	—	as long as short
edgeX PENDLEUSDC	+0.0100%	4h	2.5224	−0.471%	$25K	$382K	10x	as long as short
Polymarket Perps PENDLE-USD	+0.0100%	1h	2.5361	+0.069%	$16K	$20K	5x	as long as short
SunX PENDLE-USDT	+0.0100%	8h	2.5332	−0.045%	$1K	$1.8M	20x	as long as short
GMX PENDLE/USD [PENDLE-USDC]long	L +0.0203% / S −0.0382%	1h	2.5343	long leg	$7K	—	100x
Hyperliquid PENDLE	+0.0361%	1h	2.5359	+0.061%	$13.0M	$6.4M	5x	as long as short
Kraken Futures PF_PENDLEUSD	+0.0614%	1h	2.5365	+0.084%	$118K	$293K	20x	as long as short
Coinbase International PENDLE-PERP-INTX	+0.0728%	1h	2.5370	+0.105%	$144K	$461K	25x	as long as short
Backpack PENDLE_USDC_PERP	+0.0864%	1h	2.5356	+0.050%	$355K	$489K	15x	as long as short