Funding you earn now, next payment 01:00 UTC+0.4739%/8h= +518.9% APRnext payment +$5.92 per $10,000 · paid last 24h +0.521%
Price spread now: Lighter against Injective+1.418%7-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—+ Points / potential airdropLighter: Season 3 · farm boardneeds both histories
Both sides work for this trade now. Funding pays +$142 a day on $10k at the current rate, and Lighter is 1.418% dearer against Injective than usual: you sell high and buy low: +$142 more if the spread goes back to zero (this spread has no 7-day history yet).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Injective PENDLE/USDC PERP | 2.4970 | −0.4643 | get 0.0580% / 1h | 42m 50s | $2K | $54K | 5.5x |
| Short | Lighter PENDLE | 2.5324 | 0.0096 | get 0.0012% / 1h | 42m 50s | $536K | $413K | 5x |
Injective PENDLE/USDC PERP
Lighter PENDLEFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter 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
- $995.22
- Price spread: +1.418% → 0.000%
- $141.77
- Slippage, 4 orders
- no order book: not counted
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- $1,136.97
- Costs to cover
- 0.000%
- Break-even
- from the start
Slippage unknown: Injective: no order-book sample; Lighter: live order book, 22 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 Injective no order-book sample | — | — | — | — | — |
| Sell Lighter live order book, 22 min ago | 7.96 bp | 9.0 bp −$9 | 83.6 bp −$836 | doesn't fit | doesn't fit |
Injective: 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 | −0.4643% | 1h | 2.4970 | long leg | $2K | $54K | 5.5x | |
| Deribit PENDLE_USDC-PERPETUAL | −0.0618% | 1h | 2.5328 | +1.434% | $26K | $14K | 10x | as long as short |
| BloFin PENDLE-USDT | −0.0076% | 8h | 2.5289 | +1.278% | $1.3M | $712K | 75x | as long as short |
| Binance PENDLEUSDT | −0.0074% | 8h | 2.5280 | +1.241% | $27.3M | $42.7M | 75x | as long as short |
| MEXC PENDLE_USDT | −0.0074% | 8h | 2.5287 | +1.270% | $17.1M | $1.9M | 125x | as long as short |
| Extended PENDLE-USD | −0.0072% | 1h | 2.5264 | +1.179% | $165K | $694K | 10x | as long as short |
| ApeX Omni PENDLEUSDT | −0.0054% | 1h | 2.5317 | +1.390% | $77K | $238K | 50x | as long as short |
| Gate PENDLE_USDT | −0.0042% | 8h | 2.5320 | +1.402% | $782K | $1.2M | 75x | as long as short |
| Orderly PERP_PENDLE_USDC | −0.0014% | 8h | 2.5337 | +1.470% | $20K | $16K | 10x | as long as short |
| dYdX PENDLE-USD | 0.0000% | 1h | 2.5361 | +1.566% | $11K | — | 5x | as long as short |
Deribit PENDLE_USDC-PERPETUAL
BloFin PENDLE-USDT
Binance PENDLEUSDT
MEXC PENDLE_USDT
Extended PENDLE-USD
ApeX Omni PENDLEUSDT
Gate PENDLE_USDT
Orderly PERP_PENDLE_USDC
dYdX PENDLE-USDShow all 30 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni PENDLE | +0.0014% | 8h | 2.5226 | +1.026% | $604K | $1.9M | — | as long as short |
| GRVT PENDLE_USDT_Perp | +0.0044% | 8h | 2.5369 | +1.598% | $429K | $1.6M | 10x | as long as short |
| Reya PENDLERUSDPERP | +0.0049% | 1h | 2.5337 | +1.469% | $4K | — | 15x | as long as short |
| Aevo PENDLE-PERP | +0.0064% | 1h | 2.5330 | +1.440% | $26K | — | 3x | as long as short |
| Bybit PENDLEUSDT | +0.0089% | 8h | 2.5278 | +1.233% | $15.6M | $12.1M | 50x | as long as short |
| Aster PENDLEUSDT | +0.0091% | 8h | 2.5311 | +1.366% | $47K | $178K | 10x | as long as short |
| Lighter PENDLEshort | +0.0096% | 1h | 2.5324 | +1.418% | $536K | $413K | 5x | |
| Paradex PENDLE-USD-PERP | +0.0100% | 8h | 2.5327 | +1.430% | $35K | $18K | 10x | as long as short |
| OKX PENDLE-USDT-SWAP | +0.0100% | 4h | 2.5270 | +1.201% | $3.2M | $6.1M | 50x | as long as short |
| KuCoin PENDLEUSDTM | +0.0100% | 8h | 2.5330 | +1.442% | $889K | $593K | 50x | as long as short |
| Bitget PENDLEUSDT | +0.0100% | 8h | 2.5315 | +1.382% | $3.8M | $2.4M | 75x | as long as short |
| BingX PENDLE-USDT | +0.0100% | 8h | 2.5299 | +1.318% | — | $35.7M | — | as long as short |
| edgeX PENDLEUSDC | +0.0100% | 4h | 2.5320 | +1.402% | $25K | $383K | 10x | as long as short |
| Polymarket Perps PENDLE-USD | +0.0100% | 1h | 2.5367 | +1.590% | $16K | $20K | 5x | as long as short |
| SunX PENDLE-USDT | +0.0100% | 8h | 2.5339 | +1.478% | $2K | $1.8M | 20x | as long as short |
| Hyperliquid PENDLE | +0.0103% | 1h | 2.5347 | +1.510% | $12.9M | $6.3M | 5x | as long as short |
| GMX PENDLE/USD [PENDLE-USDC] | L +0.0203% / S −0.0382% | 1h | 2.5352 | +1.529% | $7K | — | 100x | as long as short |
| Kraken Futures PF_PENDLEUSD | +0.0614% | 1h | 2.5356 | +1.545% | $118K | $295K | 20x | as long as short |
| Coinbase International PENDLE-PERP-INTX | +0.0728% | 1h | 2.5360 | +1.562% | $141K | $441K | 25x | as long as short |
| Backpack PENDLE_USDC_PERP | +0.0885% | 1h | 2.5340 | +1.482% | $333K | $487K | 15x | as long as short |
Variational Omni PENDLE
GRVT PENDLE_USDT_Perp
Reya PENDLERUSDPERP
Aevo PENDLE-PERP
Bybit PENDLEUSDT
Aster PENDLEUSDT
Paradex PENDLE-USD-PERP
OKX PENDLE-USDT-SWAP
KuCoin PENDLEUSDTM
Bitget PENDLEUSDT
BingX PENDLE-USDT
edgeX PENDLEUSDC
Polymarket Perps PENDLE-USD
SunX PENDLE-USDT
Hyperliquid PENDLE
GMX PENDLE/USD [PENDLE-USDC]
Kraken Futures PF_PENDLEUSD
Coinbase International PENDLE-PERP-INTX
Backpack PENDLE_USDC_PERP