PENDLE

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0168%/8h= −18.4% APRnext payment −$0.21 per $10,000 · paid last 24h −0.027%

Price spread now: Extended against GMX+0.228%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 Extended

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—+ Points / potential airdropExtended: Active · farm boardneeds both histories

The price spread pays, funding is against you. Extended is 0.228% dearer against GMX than usual: you sell high and buy low (spread +0.228% now, against zero (this spread has no 7-day history yet)): +$23 on $10k if it goes back. Holding the pair costs −$5 a day in funding at the current rate, which eats that in about 4.5 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GMX PENDLE/USD [PENDLE-USDC]	2.5141	L +0.0200% / S −0.0275%	pay 0.0025% / 1h	55m 32s	$5K	—	100x
Short	Extended PENDLE-USD	2.5198	0.0032	get 0.0004% / 1h	55m 32s	$165K	$524K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended 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 ExtendedbpOrdersPrice spread, now +0.228%Rate

Funding earned: −$35.25
Price spread: +0.228% → 0.000%: $22.77
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$29.48
Costs to cover: 0.170%
Break-even: from the start

Slippage unknown: GMX: no order-book sample; Extended: live order book, 32 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 Extended live order book, 32 min ago	1.18 bp	13.6 bp −$14	109.6 bp −$1,096	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	2.4970	−0.680%	$2K	$7K	5.5x	as long as short
Kraken Futures PF_PENDLEUSD	−0.0430%	1h	2.5162	+0.082%	$159K	$258K	20x	as long as short
Deribit PENDLE_USDC-PERPETUAL	−0.0108%	1h	2.5151	+0.040%	$30K	$10K	10x	as long as short
dYdX PENDLE-USD	0.0000%	1h	2.5200	+0.234%	$11K	—	5x	as long as short
Variational Omni PENDLE	+0.0010%	8h	2.5125	−0.064%	$607K	$2.3M	—	as long as short
BloFin PENDLE-USDT	+0.0019%	8h	2.5148	+0.028%	$1.3M	$797K	75x	as long as short
Extended PENDLE-USDshort	+0.0032%	1h	2.5198	+0.228%	$165K	$524K	10x
Reya PENDLERUSDPERP	+0.0033%	1h	2.5132	−0.036%	$4K	—	15x	as long as short
MEXC PENDLE_USDT	+0.0035%	8h	2.5186	+0.179%	$16.9M	$2.2M	125x	as long as short
Orderly PERP_PENDLE_USDC	+0.0035%	8h	2.5147	+0.024%	$23K	$8K	10x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance PENDLEUSDT	+0.0036%	8h	2.5205	+0.254%	$27.5M	$38.8M	75x	as long as short
Aster PENDLEUSDT	+0.0072%	8h	2.5174	+0.129%	$41K	$176K	10x	as long as short
Aevo PENDLE-PERP	+0.0088%	1h	2.5147	+0.022%	$26K	—	3x	as long as short
Lighter PENDLE	+0.0096%	1h	2.5186	+0.179%	$551K	$375K	5x	as long as short
Paradex PENDLE-USD-PERP	+0.0100%	8h	2.5185	+0.175%	$35K	$22K	10x	as long as short
Hyperliquid PENDLE	+0.0100%	1h	2.5191	+0.199%	$12.4M	$5.5M	5x	as long as short
Bybit PENDLEUSDT	+0.0100%	8h	2.5190	+0.195%	$15.6M	$12.3M	50x	as long as short
OKX PENDLE-USDT-SWAP	+0.0100%	4h	2.5220	+0.314%	$3.3M	$5.6M	50x	as long as short
Gate PENDLE_USDT	+0.0100%	8h	2.5170	+0.115%	$850K	$1.1M	75x	as long as short
KuCoin PENDLEUSDTM	+0.0100%	8h	2.5210	+0.274%	$911K	$605K	50x	as long as short
Bitget PENDLEUSDT	+0.0100%	8h	2.5191	+0.199%	$3.8M	$2.6M	75x	as long as short
BingX PENDLE-USDT	+0.0100%	8h	2.5206	+0.258%	—	$36.4M	—	as long as short
edgeX PENDLEUSDC	+0.0100%	4h	2.5141	−0.001%	$25K	$411K	10x	as long as short
GRVT PENDLE_USDT_Perp	+0.0100%	8h	2.5138	−0.012%	$427K	$1.6M	10x	as long as short
ApeX Omni PENDLEUSDT	+0.0100%	1h	2.5100	−0.163%	$77K	$239K	50x	as long as short
Polymarket Perps PENDLE-USD	+0.0100%	1h	2.5150	+0.036%	$16K	$19K	5x	as long as short
SunX PENDLE-USDT	+0.0100%	8h	2.5167	+0.103%	$2K	$1.7M	20x	as long as short
GMX PENDLE/USD [PENDLE-USDC]long	L +0.0200% / S −0.0275%	1h	2.5141	long leg	$5K	—	100x
Backpack PENDLE_USDC_PERP	+0.0539%	1h	2.5200	+0.235%	$365K	$466K	15x	as long as short
Coinbase International PENDLE-PERP-INTX	+0.0560%	1h	2.5200	+0.235%	$118K	$437K	25x	as long as short