Funding you earn now, next payment 01:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h +0.001%
Price spread now: Paradex against Lighter−0.010%7-day average — · you buy dearer than you sell
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 · Paradex: Active · farm boardneeds both histories
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter PENDLE | 2.5348 | 0.0096 | pay 0.0012% / 1h | 39m 07s | $537K | $413K | 5x |
| Short | Paradex PENDLE-USD-PERP | 2.5345 | 0.0100 | get 0.0100% / 8h | 7h 39m | $35K | $18K | 10x |
Lighter PENDLE
Paradex PENDLE-USD-PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Paradex against Lighter. 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
- $0.84
- Price spread: −0.010% → 0.000%
- −$1
- Slippage, 4 orders
- no order book: not counted
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Paradex: 2 bp × 2 orders
- −$4
- Net
- −$4.16
- Costs to cover
- 0.040%
- Break-even
- 41.7 days
Slippage unknown: Lighter: live order book, 26 min ago; Paradex: 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 Lighter live order book, 26 min ago | 7.96 bp | 12.6 bp −$13 | 65.8 bp −$658 | doesn't fit | doesn't fit |
| Sell Paradex no order-book sample | — | — | — | — | — |
Paradex: 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 | −0.4643% | 1h | 2.4970 | −1.491% | $2K | $54K | 5.5x | as long as short |
| Deribit PENDLE_USDC-PERPETUAL | −0.0223% | 1h | 2.5342 | −0.024% | $26K | $14K | 10x | as long as short |
| ApeX Omni PENDLEUSDT | −0.0119% | 1h | 2.5269 | −0.312% | $77K | $238K | 50x | as long as short |
| Gate PENDLE_USDT | −0.0090% | 8h | 2.5340 | −0.032% | $783K | $1.2M | 75x | as long as short |
| BloFin PENDLE-USDT | −0.0080% | 8h | 2.5331 | −0.067% | $1.3M | $707K | 75x | as long as short |
| Extended PENDLE-USD | −0.0080% | 1h | 2.5316 | −0.127% | $165K | $720K | 10x | as long as short |
| Binance PENDLEUSDT | −0.0079% | 8h | 2.5342 | −0.024% | $27.4M | $42.8M | 75x | as long as short |
| MEXC PENDLE_USDT | −0.0076% | 8h | 2.5340 | −0.032% | $17.1M | $1.9M | 125x | as long as short |
| Orderly PERP_PENDLE_USDC | −0.0015% | 8h | 2.5356 | +0.032% | $20K | $16K | 10x | as long as short |
| dYdX PENDLE-USD | 0.0000% | 1h | 2.5343 | −0.019% | $11K | — | 5x | as long as short |
Injective PENDLE/USDC PERP
Deribit PENDLE_USDC-PERPETUAL
ApeX Omni PENDLEUSDT
Gate PENDLE_USDT
BloFin PENDLE-USDT
Extended PENDLE-USD
Binance PENDLEUSDT
MEXC 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 | |
|---|---|---|---|---|---|---|---|---|
| GRVT PENDLE_USDT_Perp | +0.0008% | 8h | 2.5291 | −0.226% | $427K | $1.6M | 10x | as long as short |
| Variational Omni PENDLE | +0.0013% | 8h | 2.5266 | −0.323% | $610K | $1.9M | — | as long as short |
| Reya PENDLERUSDPERP | +0.0049% | 1h | 2.5352 | +0.016% | $4K | — | 15x | as long as short |
| Aevo PENDLE-PERP | +0.0064% | 1h | 2.5349 | +0.003% | $27K | — | 3x | as long as short |
| Aster PENDLEUSDT | +0.0083% | 8h | 2.5338 | −0.041% | $47K | $178K | 10x | as long as short |
| Lighter PENDLElong | +0.0096% | 1h | 2.5348 | long leg | $537K | $413K | 5x | |
| Paradex PENDLE-USD-PERPshort | +0.0100% | 8h | 2.5345 | −0.010% | $35K | $18K | 10x | |
| Bybit PENDLEUSDT | +0.0100% | 8h | 2.5320 | −0.110% | $15.6M | $12.1M | 50x | as long as short |
| OKX PENDLE-USDT-SWAP | +0.0100% | 4h | 2.5330 | −0.071% | $3.3M | $6.1M | 50x | as long as short |
| KuCoin PENDLEUSDTM | +0.0100% | 8h | 2.5351 | +0.012% | $889K | $594K | 50x | as long as short |
| Bitget PENDLEUSDT | +0.0100% | 8h | 2.5339 | −0.036% | $3.8M | $2.4M | 75x | as long as short |
| BingX PENDLE-USDT | +0.0100% | 8h | 2.5318 | −0.118% | — | $35.7M | — | as long as short |
| edgeX PENDLEUSDC | +0.0100% | 4h | 2.5269 | −0.313% | $25K | $380K | 10x | as long as short |
| Polymarket Perps PENDLE-USD | +0.0100% | 1h | 2.5371 | +0.091% | $16K | $20K | 5x | as long as short |
| SunX PENDLE-USDT | +0.0100% | 8h | 2.5362 | +0.055% | $2K | $1.8M | 20x | as long as short |
| Hyperliquid PENDLE | +0.0195% | 1h | 2.5388 | +0.158% | $12.9M | $6.3M | 5x | as long as short |
| GMX PENDLE/USD [PENDLE-USDC] | L +0.0203% / S −0.0382% | 1h | 2.5362 | +0.054% | $7K | — | 100x | as long as short |
| Kraken Futures PF_PENDLEUSD | +0.0613% | 1h | 2.5396 | +0.189% | $118K | $294K | 20x | as long as short |
| Coinbase International PENDLE-PERP-INTX | +0.0728% | 1h | 2.5370 | +0.087% | $141K | $442K | 25x | as long as short |
| Backpack PENDLE_USDC_PERP | +0.0884% | 1h | 2.5389 | +0.162% | $334K | $487K | 15x | as long as short |
GRVT PENDLE_USDT_Perp
Variational Omni PENDLE
Reya PENDLERUSDPERP
Aevo PENDLE-PERP
Aster PENDLEUSDT
Bybit PENDLEUSDT
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