Funding you earn now, next payment 22:00 UTC+0.4806%/8h= +526.3% APRnext payment +$6.01 per $10,000 · paid last 24h +0.318%
Price spread now: dYdX against Injective+1.408%98s7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 4 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
Both sides work for this trade now. Funding pays +$144 a day on $10k at the current rate, and dYdX is 1.408% dearer against Injective than usual: you sell high and buy low: +$141 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 98 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 | Injective PENDLE/USDC PERP | 2.4860 | −0.4806 | get 0.0601% / 1h | 47m 41s | $2K | $7K | 5.5x |
| Short | dYdX PENDLE-USD | 2.5210 | 0 | get 0.0000% / 1h | 47m 41s | $11K | — | 5x |
Injective PENDLE/USDC PERP
dYdX PENDLE-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
dYdX against Injective. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $1,009.3
- Price spread: +1.408% → 0.000%
- $140.79
- Slippage, 4 orders
- no order book: not counted
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Fee dYdX: 5 bp × 2 orders
- −$10
- Net
- $1,140.06
- Costs to cover
- 0.100%
- Break-even
- from the start
Slippage unknown: Injective: 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 Injective no order-book sample | — | — | — | — | — |
| Sell dYdX no order-book sample | — | — | — | — | — |
Injective 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 PERPlong | −0.4806% | 1h | 2.4860 | long leg | $2K | $7K | 5.5x | |
| Kraken Futures PF_PENDLEUSD | −0.0429% | 1h | 2.5255 | +1.591% | $150K | $279K | 20x | as long as short |
| ApeX Omni PENDLEUSDT | −0.0001% | 1h | 2.5150 | +1.167% | $77K | $239K | 50x | as long as short |
| dYdX PENDLE-USDshort | 0.0000% | 1h | 2.5210 | +1.408% | $11K | — | 5x | |
| Deribit PENDLE_USDC-PERPETUAL | 0.0000% | 1h | 2.5209 | +1.404% | $30K | $10K | 10x | as long as short |
| Variational Omni PENDLE | +0.0011% | 8h | 2.5135 | +1.107% | $608K | $2.3M | — | as long as short |
| Reya PENDLERUSDPERP | +0.0034% | 1h | 2.5202 | +1.374% | $4K | — | 15x | as long as short |
| Orderly PERP_PENDLE_USDC | +0.0036% | 8h | 2.5205 | +1.388% | $23K | $8K | 10x | as long as short |
| MEXC PENDLE_USDT | +0.0038% | 8h | 2.5176 | +1.271% | $16.9M | $2.2M | 125x | as long as short |
| Binance PENDLEUSDT | +0.0039% | 8h | 2.5179 | +1.282% | $27.5M | $39.0M | 75x | as long as short |
Kraken Futures PF_PENDLEUSD
ApeX Omni PENDLEUSDT
Deribit PENDLE_USDC-PERPETUAL
Variational Omni PENDLE
Reya PENDLERUSDPERP
Orderly PERP_PENDLE_USDC
MEXC PENDLE_USDT
Binance PENDLEUSDTShow all 30 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Extended PENDLE-USD | +0.0040% | 1h | 2.5170 | +1.248% | $165K | $524K | 10x | as long as short |
| BloFin PENDLE-USDT | +0.0065% | 8h | 2.5181 | +1.291% | $1.3M | $784K | 75x | as long as short |
| Aevo PENDLE-PERP | +0.0088% | 1h | 2.5200 | +1.370% | $26K | — | 3x | as long as short |
| Aster PENDLEUSDT | +0.0090% | 8h | 2.5203 | +1.379% | $41K | $177K | 10x | as long as short |
| Lighter PENDLE | +0.0096% | 1h | 2.5180 | +1.287% | $551K | $376K | 5x | as long as short |
| Paradex PENDLE-USD-PERP | +0.0100% | 8h | 2.5174 | +1.262% | $35K | $22K | 10x | as long as short |
| Hyperliquid PENDLE | +0.0100% | 1h | 2.5225 | +1.468% | $12.4M | $5.6M | 5x | as long as short |
| Bybit PENDLEUSDT | +0.0100% | 8h | 2.5160 | +1.207% | $15.6M | $12.2M | 50x | as long as short |
| OKX PENDLE-USDT-SWAP | +0.0100% | 4h | 2.5190 | +1.327% | $3.2M | $5.6M | 50x | as long as short |
| Gate PENDLE_USDT | +0.0100% | 8h | 2.5200 | +1.368% | $848K | $1.1M | 75x | as long as short |
| KuCoin PENDLEUSDTM | +0.0100% | 8h | 2.5192 | +1.335% | $909K | $608K | 50x | as long as short |
| Bitget PENDLEUSDT | +0.0100% | 8h | 2.5190 | +1.327% | $3.8M | $2.6M | 75x | as long as short |
| BingX PENDLE-USDT | +0.0100% | 8h | 2.5187 | +1.315% | — | $36.3M | — | as long as short |
| edgeX PENDLEUSDC | +0.0100% | 4h | 2.5188 | +1.321% | $25K | $412K | 10x | as long as short |
| GRVT PENDLE_USDT_Perp | +0.0100% | 8h | 2.5164 | +1.221% | $415K | $1.6M | 10x | as long as short |
| Polymarket Perps PENDLE-USD | +0.0100% | 1h | 2.5220 | +1.448% | $16K | $19K | 5x | as long as short |
| SunX PENDLE-USDT | +0.0100% | 8h | 2.5218 | +1.440% | $2K | $1.7M | 20x | as long as short |
| GMX PENDLE/USD [PENDLE-USDC] | L +0.0200% / S −0.0277% | 1h | 2.5210 | +1.409% | $5K | — | 100x | as long as short |
| Coinbase International PENDLE-PERP-INTX | +0.0560% | 1h | 2.5260 | +1.609% | $118K | $440K | 25x | as long as short |
| Backpack PENDLE_USDC_PERP | +0.0908% | 1h | 2.5260 | +1.609% | $366K | $466K | 15x | as long as short |
Extended PENDLE-USD
BloFin PENDLE-USDT
Aevo PENDLE-PERP
Aster PENDLEUSDT
Lighter PENDLE
Paradex PENDLE-USD-PERP
Hyperliquid PENDLE
Bybit PENDLEUSDT
OKX PENDLE-USDT-SWAP
Gate PENDLE_USDT
KuCoin PENDLEUSDTM
Bitget PENDLEUSDT
BingX PENDLE-USDT
edgeX PENDLEUSDC
GRVT PENDLE_USDT_Perp
Polymarket Perps PENDLE-USD
SunX PENDLE-USDT
GMX PENDLE/USD [PENDLE-USDC]
Coinbase International PENDLE-PERP-INTX
Backpack PENDLE_USDC_PERP