Funding you earn now, next payment 04:00 UTC+0.4434%/8h= +485.5% APRnext payment +$5.54 per $10,000 · paid last 24h +0.761%
Price spread now: Polymarket Perps against Injective+1.339%51s7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+1.064%+$106 on $10k
+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 +$133 a day on $10k at the current rate, and Polymarket Perps is 1.339% dearer against Injective than usual: you sell high and buy low: +$134 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 51 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 1.064% in total (about 55.5% a year). A funding rate is set anew for every payment; at this rate the next one is about +$5.54 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Injective PENDLE/USDC PERP | 2.4340 | −0.4334 | get 0.0542% / 1h | 4m 20s | $2K | $54K | 5.5x |
| Short | Polymarket Perps PENDLE-USD | 2.4666 | 0.0100 | get 0.0013% / 1h | 4m 20s | $16K | $8K | 5x |
Injective PENDLE/USDC PERP
Polymarket Perps PENDLE-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Polymarket Perps 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
- $931.13
- Price spread: +1.339% → 0.000%
- $133.94
- Slippage, 4 orders
- no order book: not counted
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Fee Polymarket Perps: 4 bp × 2 orders
- −$8
- Net
- $1,057.04
- Costs to cover
- 0.080%
- Break-even
- from the start
Slippage unknown: Injective: no order-book sample; Polymarket Perps: 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 Polymarket Perps no order-book sample | — | — | — | — | — |
Injective and Polymarket Perps: 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 | −0.4334% | 1h | 2.4340 | long leg | $2K | $54K | 5.5x | |
| BloFin PENDLE-USDT | −0.0069% | 8h | 2.4638 | +1.224% | $1.1M | $592K | 75x | as long as short |
| Extended PENDLE-USD | −0.0056% | 1h | 2.4658 | +1.307% | $159K | $578K | 10x | as long as short |
| MEXC PENDLE_USDT | −0.0054% | 8h | 2.4664 | +1.331% | $17.3M | $2.0M | 125x | as long as short |
| Binance PENDLEUSDT | −0.0054% | 8h | 2.4676 | +1.379% | $26.1M | $43.6M | 75x | as long as short |
| Aster PENDLEUSDT | −0.0050% | 8h | 2.4637 | +1.221% | $47K | $179K | 10x | as long as short |
| Gate PENDLE_USDT | −0.0047% | 8h | 2.4610 | +1.109% | $718K | $1.1M | 75x | as long as short |
| Orderly PERP_PENDLE_USDC | −0.0039% | 8h | 2.4680 | +1.397% | $19K | $15K | 10x | as long as short |
| dYdX PENDLE-USD | 0.0000% | 1h | 2.4636 | +1.214% | $10K | — | 5x | as long as short |
| Deribit PENDLE_USDC-PERPETUAL | 0.0000% | 1h | 2.4681 | +1.401% | $25K | $14K | 10x | as long as short |
BloFin PENDLE-USDT
Extended PENDLE-USD
MEXC PENDLE_USDT
Binance PENDLEUSDT
Aster PENDLEUSDT
Gate PENDLE_USDT
Orderly PERP_PENDLE_USDC
dYdX PENDLE-USD
Deribit PENDLE_USDC-PERPETUALShow all 30 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aevo PENDLE-PERP | +0.0064% | 1h | 2.4664 | +1.329% | $26K | — | 3x | as long as short |
| Reya PENDLERUSDPERP | +0.0066% | 1h | 2.4666 | +1.340% | $3K | — | 15x | as long as short |
| Variational Omni PENDLE | +0.0066% | 8h | 2.4591 | +1.030% | $552K | $1.4M | — | as long as short |
| GRVT PENDLE_USDT_Perp | +0.0071% | 8h | 2.4627 | +1.179% | $409K | $1.9M | 10x | as long as short |
| Lighter PENDLE | +0.0096% | 1h | 2.4692 | +1.446% | $518K | $429K | 5x | as long as short |
| Paradex PENDLE-USD-PERP | +0.0100% | 8h | 2.4609 | +1.105% | $34K | $13K | 10x | as long as short |
| Bybit PENDLEUSDT | +0.0100% | 8h | 2.4670 | +1.356% | $14.6M | $12.0M | 50x | as long as short |
| OKX PENDLE-USDT-SWAP | +0.0100% | 4h | 2.4700 | +1.479% | $3.1M | $6.2M | 50x | as long as short |
| KuCoin PENDLEUSDTM | +0.0100% | 8h | 2.4663 | +1.327% | $867K | $558K | 50x | as long as short |
| Bitget PENDLEUSDT | +0.0100% | 8h | 2.4663 | +1.327% | $3.7M | $2.3M | 75x | as long as short |
| BingX PENDLE-USDT | +0.0100% | 8h | 2.4669 | +1.352% | — | $8.5M | — | as long as short |
| edgeX PENDLEUSDC | +0.0100% | 4h | 2.4600 | +1.068% | $24K | $377K | 10x | as long as short |
| ApeX Omni PENDLEUSDT | +0.0100% | 1h | 2.4612 | +1.118% | $75K | $235K | 50x | as long as short |
| Polymarket Perps PENDLE-USDshort | +0.0100% | 1h | 2.4666 | +1.339% | $16K | $8K | 5x | |
| SunX PENDLE-USDT | +0.0100% | 8h | 2.4673 | +1.368% | $2K | $1.8M | 20x | as long as short |
| GMX PENDLE/USD [PENDLE-USDC] | L +0.0196% / S −0.0222% | 1h | 2.4690 | +1.438% | $5K | — | 100x | as long as short |
| Hyperliquid PENDLE | +0.0342% | 1h | 2.4714 | +1.537% | $12.8M | $6.0M | 5x | as long as short |
| Coinbase International PENDLE-PERP-INTX | +0.0608% | 1h | 2.4640 | +1.233% | $147K | $494K | 25x | as long as short |
| Backpack PENDLE_USDC_PERP | +0.0660% | 1h | 2.4677 | +1.385% | $359K | $473K | 15x | as long as short |
| Kraken Futures PF_PENDLEUSD | +0.1176% | 1h | 2.4731 | +1.605% | $115K | $268K | 20x | as long as short |
Aevo PENDLE-PERP
Reya PENDLERUSDPERP
Variational Omni PENDLE
GRVT PENDLE_USDT_Perp
Lighter PENDLE
Paradex PENDLE-USD-PERP
Bybit PENDLEUSDT
OKX PENDLE-USDT-SWAP
KuCoin PENDLEUSDTM
Bitget PENDLEUSDT
BingX PENDLE-USDT
edgeX PENDLEUSDC
ApeX Omni PENDLEUSDT
SunX PENDLE-USDT
GMX PENDLE/USD [PENDLE-USDC]
Hyperliquid PENDLE
Coinbase International PENDLE-PERP-INTX
Backpack PENDLE_USDC_PERP
Kraken Futures PF_PENDLEUSD