PENDLE

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0081%/8h= +8.9% APRnext payment +$0.81 per $10,000 · paid last 24h +0.020%

Price spread now: Gate against GRVT−0.064%7-day average −0.023% · you buy dearer than you sell

Net, funding: paid 7d − costs−$82as in the Funding arb table

Net, price: spread back to 7d avg − costs−$90as in the Price arb table

costs, in and out, $10k−$860.860% of the position

Long on GRVT Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days+0.045%+$4 on $10k

Price spread, last 4 days (all we have)−1.380%−$138 · spread now −0.064%, 7d avg −0.023%

Together, before fees−1.335%+ Points / potential airdropGRVT: Active · farm board−$134 on $10k · with fees, hour by hour

Funding pays, the price is against you. Gate is 0.042% cheaper against GRVT than usual: you would sell low and buy high (spread −0.064% now, against its 7-day average of −0.023%). If the spread goes back, that is −$4 on $10k: about 41 hours of funding at the current rate (+$2 a day). At the pace of the last 7 days (+0.045% in total) that is about 6.6 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GRVT PENDLE_USDT_Perp	2.5086	−0.0121	get 0.0121% / 8h	6h 11m	$422K	$1.7M	10x
Short	Gate PENDLE_USDT	2.5070	−0.0040	pay 0.0040% / 8h	6h 11m	$762K	$1.2M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against GRVT. 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 GRVTbpFee GatebpOrdersPrice spread, now −0.064%Rate

Funding earned: $17.01
Price spread: −0.064% → −0.023%: −$4.19
Slippage, 4 orders: −$62.01
Fee GRVT: 4.5 bp × 2 orders: −$9
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$73.19
Costs to cover: 0.860%
Break-even: 37.1 days

Slippage from GRVT: live order book, 2 min ago; Gate: live order book, 1 min ago.

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 GRVT live order book, 2 min ago	1.60 bp	25.6 bp −$26	76641.8 bp −$766.4K	doesn't fit	doesn't fit
Sell Gate live order book, 1 min ago	3.99 bp	22.7 bp −$23	163.8 bp −$1,638	doesn't fit	doesn't fit

PENDLE on 29 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	2.4870	−0.862%	$2K	$54K	5.5x	as long as short
Deribit PENDLE_USDC-PERPETUAL	−0.0308%	1h	2.5085	−0.005%	$26K	$14K	10x	as long as short
Binance PENDLEUSDT	−0.0132%	8h	2.5073	−0.053%	$27.0M	$43.4M	75x	as long as short
Extended PENDLE-USD	−0.0128%	1h	2.5057	−0.117%	$163K	$570K	10x	as long as short
MEXC PENDLE_USDT	−0.0128%	8h	2.5082	−0.017%	$17.3M	$1.8M	125x	as long as short
GRVT PENDLE_USDT_Perplong	−0.0121%	8h	2.5086	long leg	$422K	$1.7M	10x
ApeX Omni PENDLEUSDT	−0.0097%	1h	2.5098	+0.047%	$77K	$236K	50x	as long as short
Gate PENDLE_USDTshort	−0.0040%	8h	2.5070	−0.064%	$762K	$1.2M	75x
Variational Omni PENDLE	−0.0040%	8h	2.5105	+0.076%	$613K	$1.8M	—	as long as short
Orderly PERP_PENDLE_USDC	−0.0038%	8h	2.5074	−0.049%	$20K	$16K	10x	as long as short

Show all 29 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster PENDLEUSDT	−0.0037%	8h	2.5114	+0.112%	$50K	$181K	10x	as long as short
Bybit PENDLEUSDT	−0.0022%	8h	2.5070	−0.064%	$15.2M	$12.0M	50x	as long as short
dYdX PENDLE-USD	0.0000%	1h	2.5120	+0.135%	$11K	—	5x	as long as short
Aevo PENDLE-PERP	+0.0048%	1h	2.5072	−0.058%	$26K	—	3x	as long as short
Reya PENDLERUSDPERP	+0.0056%	1h	2.5068	−0.074%	$4K	—	15x	as long as short
Lighter PENDLE	+0.0096%	1h	2.5088	+0.007%	$534K	$416K	5x	as long as short
Paradex PENDLE-USD-PERP	+0.0100%	8h	2.5071	−0.062%	$35K	$16K	10x	as long as short
Hyperliquid PENDLE	+0.0100%	1h	2.5126	+0.159%	$12.9M	$6.4M	5x	as long as short
OKX PENDLE-USDT-SWAP	+0.0100%	4h	2.5060	−0.104%	$3.2M	$6.2M	50x	as long as short
KuCoin PENDLEUSDTM	+0.0100%	8h	2.5098	+0.047%	$867K	$593K	50x	as long as short
Bitget PENDLEUSDT	+0.0100%	8h	2.5066	−0.080%	$3.8M	$2.4M	75x	as long as short
BingX PENDLE-USDT	+0.0100%	8h	2.5071	−0.060%	—	$33.6M	—	as long as short
edgeX PENDLEUSDC	+0.0100%	4h	2.5110	+0.094%	$25K	$381K	10x	as long as short
Polymarket Perps PENDLE-USD	+0.0100%	1h	2.5088	+0.007%	$16K	$20K	5x	as long as short
SunX PENDLE-USDT	+0.0100%	8h	2.5090	+0.015%	$2K	$1.8M	20x	as long as short
GMX PENDLE/USD [PENDLE-USDC]	L +0.0158% / S −0.0256%	1h	2.5094	+0.030%	$7K	—	100x	as long as short
Backpack PENDLE_USDC_PERP	+0.0407%	1h	2.5129	+0.171%	$352K	$482K	15x	as long as short
Coinbase International PENDLE-PERP-INTX	+0.0632%	1h	2.5260	+0.693%	$145K	$473K	25x	as long as short
Kraken Futures PF_PENDLEUSD	+0.0867%	1h	2.5132	+0.181%	$117K	$289K	20x	as long as short