PENDLE

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.4400%/8h= +481.8% APRnext payment +$5.50 per $10,000 · paid last 24h +0.736%

Price spread now: Reya against Injective+1.606%7-day average — · you sell dearer than you buy

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

Long on Injective Short on Reya

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

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

Together, before fees—+ Points / potential airdropReya: Active · farm boardneeds both histories

Both sides work for this trade now. Funding pays +$132 a day on $10k at the current rate, and Reya is 1.606% dearer against Injective than usual: you sell high and buy low: +$161 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	2.4350	−0.4334	get 0.0542% / 1h	2m 48s	$2K	$54K	5.5x
Short	Reya PENDLERUSDPERP	2.4741	0.0066	get 0.0008% / 1h	2m 48s	$3K	—	15x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Reya against Injective. 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 InjectivebpFee ReyabpOrdersPrice spread, now +1.606%Rate

Funding earned: $924.06
Price spread: +1.606% → 0.000%: $160.57
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee Reya: 3 bp × 2 orders: −$6
Net: $1,078.61
Costs to cover: 0.060%
Break-even: from the start

Slippage unknown: Injective: no order-book sample; Reya: 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 Reya no order-book sample	—	—	—	—	—

Injective and Reya: 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	2.4350	long leg	$2K	$54K	5.5x
Extended PENDLE-USD	−0.0056%	1h	2.4709	+1.473%	$159K	$578K	10x	as long as short
MEXC PENDLE_USDT	−0.0053%	8h	2.4716	+1.503%	$17.4M	$2.0M	125x	as long as short
Binance PENDLEUSDT	−0.0051%	8h	2.4704	+1.454%	$26.2M	$43.6M	75x	as long as short
Aster PENDLEUSDT	−0.0044%	8h	2.4723	+1.531%	$47K	$179K	10x	as long as short
Gate PENDLE_USDT	−0.0043%	8h	2.4690	+1.396%	$720K	$1.1M	75x	as long as short
Orderly PERP_PENDLE_USDC	−0.0038%	8h	2.4726	+1.544%	$19K	$15K	10x	as long as short
BloFin PENDLE-USDT	−0.0036%	8h	2.4723	+1.532%	$1.2M	$594K	75x	as long as short
dYdX PENDLE-USD	0.0000%	1h	2.4698	+1.429%	$10K	—	5x	as long as short
Deribit PENDLE_USDC-PERPETUAL	0.0000%	1h	2.4739	+1.598%	$25K	$14K	10x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aevo PENDLE-PERP	+0.0064%	1h	2.4718	+1.511%	$26K	—	3x	as long as short
Reya PENDLERUSDPERPshort	+0.0066%	1h	2.4741	+1.606%	$3K	—	15x
Variational Omni PENDLE	+0.0066%	8h	2.4591	+0.988%	$552K	$1.4M	—	as long as short
GRVT PENDLE_USDT_Perp	+0.0071%	8h	2.4627	+1.138%	$409K	$1.9M	10x	as long as short
Lighter PENDLE	+0.0096%	1h	2.4715	+1.499%	$518K	$429K	5x	as long as short
Paradex PENDLE-USD-PERP	+0.0100%	8h	2.4710	+1.480%	$35K	$13K	10x	as long as short
Bybit PENDLEUSDT	+0.0100%	8h	2.4701	+1.441%	$14.6M	$11.9M	50x	as long as short
OKX PENDLE-USDT-SWAP	+0.0100%	4h	2.4750	+1.643%	$3.1M	$6.3M	50x	as long as short
KuCoin PENDLEUSDTM	+0.0100%	8h	2.4715	+1.499%	$869K	$558K	50x	as long as short
Bitget PENDLEUSDT	+0.0100%	8h	2.4713	+1.491%	$3.7M	$2.3M	75x	as long as short
BingX PENDLE-USDT	+0.0100%	8h	2.4723	+1.532%	—	$8.5M	—	as long as short
edgeX PENDLEUSDC	+0.0100%	4h	2.4620	+1.108%	$24K	$377K	10x	as long as short
ApeX Omni PENDLEUSDT	+0.0100%	1h	2.4643	+1.203%	$75K	$235K	50x	as long as short
Polymarket Perps PENDLE-USD	+0.0100%	1h	2.4746	+1.626%	$16K	$8K	5x	as long as short
SunX PENDLE-USDT	+0.0100%	8h	2.4747	+1.630%	$2K	$1.8M	20x	as long as short
GMX PENDLE/USD [PENDLE-USDC]	L +0.0196% / S −0.0222%	1h	2.4733	+1.572%	$5K	—	100x	as long as short
Hyperliquid PENDLE	+0.0343%	1h	2.4755	+1.663%	$12.8M	$6.0M	5x	as long as short
Coinbase International PENDLE-PERP-INTX	+0.0608%	1h	2.4760	+1.684%	$147K	$497K	25x	as long as short
Backpack PENDLE_USDC_PERP	+0.0676%	1h	2.4773	+1.737%	$360K	$460K	15x	as long as short
Kraken Futures PF_PENDLEUSD	+0.1173%	1h	2.4785	+1.785%	$115K	$268K	20x	as long as short