PENDLE

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0011%/8h= +1.2% APRnext payment +$0.11 per $10,000 · paid last 24h +0.009%

Price spread now: SunX against GRVT+0.679%74s7-day average +0.139% · you sell dearer than you buy

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

Long on GRVT Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.069%+$7 on $10k

Price spread, last 4 days (all we have)−0.703%−$70 · spread now +0.679%, 7d avg +0.139%

Together, before fees−0.634%+ Points / potential airdropGRVT: Active · farm board−$63 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays $0 a day on $10k at the current rate, and SunX is 0.540% dearer against GRVT than usual: you sell high and buy low: +$54 more if the spread goes back to its 7-day average of +0.139%. The two prices were read 74 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GRVT PENDLE_USDT_Perp	2.4622	0.0089	pay 0.0089% / 8h	4h 29m	$407K	$1.9M	10x
Short	SunX PENDLE-USDT	2.4789	0.0100	get 0.0100% / 8h	4h 29m	$2K	$1.8M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now +0.679%Rate

Funding earned: $2.31
Price spread: +0.679% → +0.139%: $53.98
Slippage, 4 orders: no order book: not counted
Fee GRVT: 4.5 bp × 2 orders: −$9
Fee SunX: 4 bp × 2 orders: −$8
Net: $39.29
Costs to cover: 0.170%
Break-even: from the start

Slippage unknown: GRVT: live order book, 4 min ago; SunX: live order book, 6 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 GRVT live order book, 4 min ago	1.21 bp	12.7 bp −$13	28.7 bp −$287	doesn't fit	doesn't fit
Sell SunX live order book, 6 min ago	500.25 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit

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	2.4340	−1.145%	$2K	$54K	5.5x	as long as short
Deribit PENDLE_USDC-PERPETUAL	−0.0113%	1h	2.4787	+0.671%	$25K	$14K	10x	as long as short
BloFin PENDLE-USDT	−0.0059%	8h	2.4712	+0.366%	$1.2M	$631K	75x	as long as short
Binance PENDLEUSDT	−0.0049%	8h	2.4773	+0.614%	$26.3M	$43.9M	75x	as long as short
MEXC PENDLE_USDT	−0.0049%	8h	2.4775	+0.622%	$17.4M	$2.0M	125x	as long as short
Extended PENDLE-USD	−0.0048%	1h	2.4769	+0.598%	$159K	$574K	10x	as long as short
Orderly PERP_PENDLE_USDC	−0.0036%	8h	2.4782	+0.651%	$19K	$15K	10x	as long as short
Aster PENDLEUSDT	−0.0029%	8h	2.4798	+0.718%	$47K	$179K	10x	as long as short
Gate PENDLE_USDT	−0.0025%	8h	2.4780	+0.642%	$724K	$1.1M	75x	as long as short
dYdX PENDLE-USD	0.0000%	1h	2.4736	+0.463%	$10K	—	5x	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	+0.0049%	8h	2.4696	+0.300%	$554K	$1.5M	—	as long as short
Aevo PENDLE-PERP	+0.0064%	1h	2.4780	+0.642%	$26K	—	3x	as long as short
Reya PENDLERUSDPERP	+0.0064%	1h	2.4772	+0.612%	$3K	—	15x	as long as short
GRVT PENDLE_USDT_Perplong	+0.0089%	8h	2.4622	long leg	$407K	$1.9M	10x
Lighter PENDLE	+0.0096%	1h	2.4769	+0.598%	$519K	$424K	5x	as long as short
Paradex PENDLE-USD-PERP	+0.0100%	8h	2.4763	+0.572%	$35K	$13K	10x	as long as short
Bybit PENDLEUSDT	+0.0100%	8h	2.4755	+0.541%	$14.6M	$12.1M	50x	as long as short
OKX PENDLE-USDT-SWAP	+0.0100%	4h	2.4770	+0.602%	$3.1M	$6.1M	50x	as long as short
KuCoin PENDLEUSDTM	+0.0100%	8h	2.4805	+0.744%	$872K	$581K	50x	as long as short
Bitget PENDLEUSDT	+0.0100%	8h	2.4750	+0.521%	$3.7M	$2.3M	75x	as long as short
BingX PENDLE-USDT	+0.0100%	8h	2.4794	+0.699%	—	$8.6M	—	as long as short
edgeX PENDLEUSDC	+0.0100%	4h	2.4614	−0.033%	$24K	$378K	10x	as long as short
ApeX Omni PENDLEUSDT	+0.0100%	1h	2.4713	+0.370%	$75K	$235K	50x	as long as short
Polymarket Perps PENDLE-USD	+0.0100%	1h	2.4809	+0.760%	$16K	$8K	5x	as long as short
SunX PENDLE-USDTshort	+0.0100%	8h	2.4789	+0.679%	$2K	$1.8M	20x
GMX PENDLE/USD [PENDLE-USDC]	L +0.0196% / S −0.0222%	1h	2.4778	+0.636%	$5K	—	100x	as long as short
Hyperliquid PENDLE	+0.0434%	1h	2.4801	+0.728%	$12.9M	$6.0M	5x	as long as short
Coinbase International PENDLE-PERP-INTX	+0.0608%	1h	2.4820	+0.805%	$148K	$497K	25x	as long as short
Backpack PENDLE_USDC_PERP	+0.0723%	1h	2.4846	+0.910%	$359K	$470K	15x	as long as short
Kraken Futures PF_PENDLEUSD	+0.1171%	1h	2.4836	+0.872%	$116K	$269K	20x	as long as short