PENDLE

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0100%/8h= −10.9% APRnext payment −$0.13 per $10,000 · paid last 24h −0.041%

Price spread now: dYdX against Hyperliquid−0.390%7-day average — · you buy dearer than you sell

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

Long on Hyperliquid Short on dYdX

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropHyperliquid: Season 2 · farm boardneeds both histories

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and dYdX is 0.390% cheaper against Hyperliquid than usual: you would sell low and buy high (−$39 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hyperliquid PENDLE	2.5081	0.0100	pay 0.0013% / 1h	1m 03s	$12.3M	$6.0M	5x
Short	dYdX PENDLE-USD	2.4983	0	get 0.0000% / 1h	1m 03s	$11K	—	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

dYdX against Hyperliquid. 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 HyperliquidbpFee dYdXbpOrdersPrice spread, now −0.390%Rate

Funding earned: −$21
Price spread: −0.390% → 0.000%: −$38.97
Slippage, 4 orders: no order book: not counted
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Fee dYdX: 5 bp × 2 orders: −$10
Net: −$78.97
Costs to cover: 0.190%
Break-even: never at this rate

Slippage unknown: Hyperliquid: live order book, 12 min ago; 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 Hyperliquid live order book, 12 min ago	0.20 bp	6.6 bp −$7	doesn't fit	doesn't fit	doesn't fit
Sell dYdX no order-book sample	—	—	—	—	—

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	−0.3656%	1h	2.4550	−2.117%	$2K	$53K	5.5x	as long as short
ApeX Omni PENDLEUSDT	−0.0067%	1h	2.4986	−0.379%	$76K	$239K	50x	as long as short
MEXC PENDLE_USDT	−0.0012%	8h	2.5036	−0.179%	$16.9M	$2.1M	125x	as long as short
Binance PENDLEUSDT	−0.0012%	8h	2.5037	−0.176%	$27.0M	$41.4M	75x	as long as short
Extended PENDLE-USD	−0.0008%	1h	2.5019	−0.248%	$164K	$526K	10x	as long as short
dYdX PENDLE-USDshort	0.0000%	1h	2.4983	−0.390%	$11K	—	5x
Deribit PENDLE_USDC-PERPETUAL	0.0000%	1h	2.5041	−0.159%	$29K	$10K	10x	as long as short
BloFin PENDLE-USDT	+0.0009%	8h	2.5015	−0.263%	$1.3M	$749K	75x	as long as short
Orderly PERP_PENDLE_USDC	+0.0010%	8h	2.5021	−0.239%	$20K	$16K	10x	as long as short
Reya PENDLERUSDPERP	+0.0042%	1h	2.5011	−0.277%	$4K	—	15x	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	+0.0058%	8h	2.4872	−0.835%	$550K	$2.0M	—	as long as short
GRVT PENDLE_USDT_Perp	+0.0060%	8h	2.4917	−0.654%	$414K	$1.6M	10x	as long as short
Aevo PENDLE-PERP	+0.0080%	1h	2.5017	−0.253%	$26K	—	3x	as long as short
Lighter PENDLE	+0.0096%	1h	2.5020	−0.243%	$528K	$427K	5x	as long as short
Paradex PENDLE-USD-PERP	+0.0100%	8h	2.4988	−0.372%	$35K	$20K	10x	as long as short
Hyperliquid PENDLElong	+0.0100%	1h	2.5081	long leg	$12.3M	$6.0M	5x
Aster PENDLEUSDT	+0.0100%	8h	2.5027	−0.215%	$44K	$176K	10x	as long as short
Bybit PENDLEUSDT	+0.0100%	8h	2.5030	−0.203%	$15.4M	$11.9M	50x	as long as short
OKX PENDLE-USDT-SWAP	+0.0100%	4h	2.5040	−0.163%	$3.3M	$6.0M	50x	as long as short
Gate PENDLE_USDT	+0.0100%	8h	2.5020	−0.243%	$785K	$1.2M	75x	as long as short
KuCoin PENDLEUSDTM	+0.0100%	8h	2.5024	−0.227%	$890K	$597K	50x	as long as short
Bitget PENDLEUSDT	+0.0100%	8h	2.5028	−0.211%	$3.7M	$2.7M	75x	as long as short
BingX PENDLE-USDT	+0.0100%	8h	2.5040	−0.163%	—	$35.5M	—	as long as short
edgeX PENDLEUSDC	+0.0100%	4h	2.4965	−0.461%	$25K	$397K	10x	as long as short
Polymarket Perps PENDLE-USD	+0.0100%	1h	2.5029	−0.207%	$16K	$20K	5x	as long as short
SunX PENDLE-USDT	+0.0100%	8h	2.5042	−0.155%	$2K	$1.8M	20x	as long as short
GMX PENDLE/USD [PENDLE-USDC]	L +0.0199% / S −0.0256%	1h	2.5038	−0.171%	$5K	—	100x	as long as short
Coinbase International PENDLE-PERP-INTX	+0.0592%	1h	2.5030	−0.203%	$139K	$462K	25x	as long as short
Backpack PENDLE_USDC_PERP	+0.0697%	1h	2.5091	+0.040%	$357K	$477K	15x	as long as short
Kraken Futures PF_PENDLEUSD	+0.0751%	1h	2.5082	+0.002%	$119K	$304K	20x	as long as short