PENDLE

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0135%/8h= −14.8% APRnext payment −$1.35 per $10,000 · paid last 24h −0.022%

Price spread now: Orderly against KuCoin−0.024%7-day average — · you buy dearer than you sell

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

Long on KuCoin Short on Orderly

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

Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and Orderly is 0.024% cheaper against KuCoin than usual: you would sell low and buy high (−$2 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin PENDLEUSDTM	2.4656	0.0100	pay 0.0100% / 8h	4h 48m	$872K	$580K	50x
Short	Orderly PERP_PENDLE_USDC	2.4650	−0.0035	pay 0.0035% / 8h	4h 48m	$19K	$15K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly against KuCoin. 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 KuCoinbpFee OrderlybpOrdersPrice spread, now −0.024%Rate

Funding earned: −$28.43
Price spread: −0.024% → 0.000%: −$2.43
Slippage, 4 orders: no order book: not counted
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Orderly: 3 bp × 2 orders: −$6
Net: −$48.86
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: KuCoin: live order book, 56 min ago; Orderly: 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 KuCoin live order book, 56 min ago	9.46 bp	44.0 bp −$44	147.0 bp −$1,470	doesn't fit	doesn't fit
Sell Orderly no order-book sample	—	—	—	—	—

Orderly: 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	−0.4334%	1h	2.4400	−1.038%	$2K	$54K	5.5x	as long as short
BloFin PENDLE-USDT	−0.0075%	8h	2.4640	−0.065%	$1.3M	$626K	75x	as long as short
Deribit PENDLE_USDC-PERPETUAL	−0.0074%	1h	2.4656	0.000%	$25K	$14K	10x	as long as short
Extended PENDLE-USD	−0.0072%	1h	2.4646	−0.042%	$161K	$570K	10x	as long as short
MEXC PENDLE_USDT	−0.0071%	8h	2.4642	−0.057%	$17.3M	$1.9M	125x	as long as short
Binance PENDLEUSDT	−0.0071%	8h	2.4642	−0.057%	$26.2M	$43.9M	75x	as long as short
Aster PENDLEUSDT	−0.0047%	8h	2.4659	+0.013%	$47K	$178K	10x	as long as short
Orderly PERP_PENDLE_USDCshort	−0.0035%	8h	2.4650	−0.024%	$19K	$15K	10x
Gate PENDLE_USDT	−0.0023%	8h	2.4630	−0.105%	$715K	$1.1M	75x	as long as short
dYdX PENDLE-USD	0.0000%	1h	2.4646	−0.042%	$10K	—	5x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni PENDLE	+0.0034%	8h	2.4626	−0.123%	$563K	$1.7M	—	as long as short
Reya PENDLERUSDPERP	+0.0063%	1h	2.4643	−0.055%	$3K	—	15x	as long as short
Aevo PENDLE-PERP	+0.0064%	1h	2.4638	−0.074%	$26K	—	3x	as long as short
GRVT PENDLE_USDT_Perp	+0.0081%	8h	2.4685	+0.117%	$412K	$1.8M	10x	as long as short
Lighter PENDLE	+0.0096%	1h	2.4652	−0.016%	$526K	$414K	5x	as long as short
Paradex PENDLE-USD-PERP	+0.0100%	8h	2.4635	−0.086%	$34K	$13K	10x	as long as short
Bybit PENDLEUSDT	+0.0100%	8h	2.4650	−0.024%	$14.6M	$12.3M	50x	as long as short
OKX PENDLE-USDT-SWAP	+0.0100%	4h	2.4650	−0.024%	$3.1M	$6.1M	50x	as long as short
KuCoin PENDLEUSDTMlong	+0.0100%	8h	2.4656	long leg	$872K	$580K	50x
Bitget PENDLEUSDT	+0.0100%	8h	2.4636	−0.081%	$3.7M	$2.4M	75x	as long as short
BingX PENDLE-USDT	+0.0100%	8h	2.4631	−0.101%	—	$8.6M	—	as long as short
edgeX PENDLEUSDC	+0.0100%	4h	2.4687	+0.124%	$24K	$377K	10x	as long as short
ApeX Omni PENDLEUSDT	+0.0100%	1h	2.4656	0.000%	$75K	$235K	50x	as long as short
Polymarket Perps PENDLE-USD	+0.0100%	1h	2.4668	+0.049%	$16K	$8K	5x	as long as short
SunX PENDLE-USDT	+0.0100%	8h	2.4658	+0.008%	$2K	$1.8M	20x	as long as short
GMX PENDLE/USD [PENDLE-USDC]	L +0.0196% / S −0.0222%	1h	2.4658	+0.008%	$5K	—	100x	as long as short
Backpack PENDLE_USDC_PERP	+0.0420%	1h	2.4693	+0.150%	$355K	$477K	15x	as long as short
Hyperliquid PENDLE	+0.0442%	1h	2.4694	+0.154%	$12.6M	$6.1M	5x	as long as short
Coinbase International PENDLE-PERP-INTX	+0.0608%	1h	2.4660	+0.016%	$146K	$491K	25x	as long as short
Kraken Futures PF_PENDLEUSD	+0.1178%	1h	2.4685	+0.117%	$115K	$278K	20x	as long as short