PENDLE

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0427%/8h= +46.8% APRnext payment +$0.53 per $10,000 · paid last 24h −0.404%

Price spread now: dYdX against Kraken Futures−0.177%7-day average — · you buy dearer than you sell

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

Long on Kraken Futures 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—needs both histories

Funding pays, the price is against you. dYdX is 0.177% cheaper against Kraken Futures than usual: you would sell low and buy high (spread −0.177% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$18 on $10k: about 33 hours of funding at the current rate (+$13 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_PENDLEUSD	2.5324	−0.0427	get 0.0053% / 1h	27m 12s	$151K	$279K	20x
Short	dYdX PENDLE-USD	2.5279	0	get 0.0000% / 1h	27m 12s	$11K	—	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

dYdX against Kraken Futures. 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 Kraken FuturesbpFee dYdXbpOrdersPrice spread, now −0.177%Rate

Funding earned: $89.77
Price spread: −0.177% → 0.000%: −$17.7
Slippage, 4 orders: no order book: not counted
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee dYdX: 5 bp × 2 orders: −$10
Net: $52.07
Costs to cover: 0.200%
Break-even: 2.9 days

Slippage unknown: Kraken Futures: live order book, 60 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 Kraken Futures live order book, 60 min ago	7.82 bp	51.0 bp −$51	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	−0.4806%	1h	2.4930	−1.557%	$2K	$7K	5.5x	as long as short
Kraken Futures PF_PENDLEUSDlong	−0.0427%	1h	2.5324	long leg	$151K	$279K	20x
dYdX PENDLE-USDshort	0.0000%	1h	2.5279	−0.177%	$11K	—	5x
Deribit PENDLE_USDC-PERPETUAL	0.0000%	1h	2.5293	−0.124%	$30K	$10K	10x	as long as short
ApeX Omni PENDLEUSDT	+0.0026%	1h	2.5183	−0.558%	$77K	$240K	50x	as long as short
Variational Omni PENDLE	+0.0034%	8h	2.5159	−0.653%	$608K	$2.3M	—	as long as short
Orderly PERP_PENDLE_USDC	+0.0035%	8h	2.5295	−0.116%	$25K	$11K	10x	as long as short
Reya PENDLERUSDPERP	+0.0036%	1h	2.5284	−0.158%	$4K	—	15x	as long as short
MEXC PENDLE_USDT	+0.0052%	8h	2.5274	−0.199%	$17.0M	$2.2M	125x	as long as short
Binance PENDLEUSDT	+0.0052%	8h	2.5278	−0.183%	$27.5M	$39.2M	75x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Extended PENDLE-USD	+0.0056%	1h	2.5268	−0.223%	$166K	$524K	10x	as long as short
BloFin PENDLE-USDT	+0.0058%	8h	2.5265	−0.234%	$1.3M	$748K	75x	as long as short
Lighter PENDLE	+0.0096%	1h	2.5280	−0.175%	$547K	$385K	5x	as long as short
Aevo PENDLE-PERP	+0.0096%	1h	2.5286	−0.153%	$26K	—	3x	as long as short
Paradex PENDLE-USD-PERP	+0.0100%	8h	2.5269	−0.219%	$35K	$22K	10x	as long as short
Hyperliquid PENDLE	+0.0100%	1h	2.5311	−0.053%	$12.4M	$5.6M	5x	as long as short
Aster PENDLEUSDT	+0.0100%	8h	2.5281	−0.171%	$41K	$177K	10x	as long as short
Bybit PENDLEUSDT	+0.0100%	8h	2.5265	−0.234%	$15.6M	$12.2M	50x	as long as short
OKX PENDLE-USDT-SWAP	+0.0100%	4h	2.5290	−0.136%	$3.3M	$5.7M	50x	as long as short
Gate PENDLE_USDT	+0.0100%	8h	2.5270	−0.215%	$849K	$1.1M	75x	as long as short
KuCoin PENDLEUSDTM	+0.0100%	8h	2.5282	−0.167%	$915K	$609K	50x	as long as short
Bitget PENDLEUSDT	+0.0100%	8h	2.5265	−0.234%	$3.8M	$2.6M	75x	as long as short
BingX PENDLE-USDT	+0.0100%	8h	2.5269	−0.218%	—	$36.3M	—	as long as short
edgeX PENDLEUSDC	+0.0100%	4h	2.5176	−0.584%	$25K	$413K	10x	as long as short
GRVT PENDLE_USDT_Perp	+0.0100%	8h	2.5198	−0.499%	$416K	$1.6M	10x	as long as short
Polymarket Perps PENDLE-USD	+0.0100%	1h	2.5296	−0.112%	$16K	$19K	5x	as long as short
SunX PENDLE-USDT	+0.0100%	8h	2.5286	−0.151%	$1K	$1.7M	20x	as long as short
GMX PENDLE/USD [PENDLE-USDC]	L +0.0200% / S −0.0277%	1h	2.5290	−0.136%	$5K	—	100x	as long as short
Coinbase International PENDLE-PERP-INTX	+0.0560%	1h	2.5320	−0.017%	$117K	$433K	25x	as long as short
Backpack PENDLE_USDC_PERP	+0.0799%	1h	2.5341	+0.066%	$367K	$465K	15x	as long as short