PENDLE

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0129%/8h= +14.1% APRnext payment +$1.29 per $10,000 · paid last 24h +0.022%

Price spread now: BingX against Orderly+0.104%7-day average — · you sell dearer than you buy

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

Long on Orderly Short on BingX

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 for this trade now. Funding pays +$4 a day on $10k at the current rate, and BingX is 0.104% dearer against Orderly than usual: you sell high and buy low: +$10 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	Orderly PERP_PENDLE_USDC	2.4994	−0.0029	get 0.0029% / 8h	6h 55m	$20K	$16K	10x
Short	BingX PENDLE-USDT	2.5020	0.0100	get 0.0100% / 8h	6h 55m	—	$33.8M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against Orderly. 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 OrderlybpFee BingXbpOrdersPrice spread, now +0.104%Rate

Funding earned: $27
Price spread: +0.104% → 0.000%: $10.4
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee BingX: 5 bp × 2 orders: −$10
Net: $21.4
Costs to cover: 0.160%
Break-even: 1.5 days

Slippage unknown: Orderly: no order-book sample; BingX: live order book, 13 min ago. 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 Orderly no order-book sample	—	—	—	—	—
Sell BingX live order book, 13 min ago	3.55 bp	13.2 bp −$13	26.6 bp −$266	174.7 bp −$17.5K	423.4 bp −$211.7K

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	−0.4742%	1h	2.4850	−0.576%	$2K	$54K	5.5x	as long as short
Deribit PENDLE_USDC-PERPETUAL	−0.1108%	1h	2.5002	+0.032%	$26K	$14K	10x	as long as short
Bybit PENDLEUSDT	−0.0186%	8h	2.5010	+0.064%	$15.3M	$12.0M	50x	as long as short
GRVT PENDLE_USDT_Perp	−0.0145%	8h	2.5176	+0.729%	$416K	$1.7M	10x	as long as short
ApeX Omni PENDLEUSDT	−0.0142%	1h	2.5174	+0.720%	$77K	$237K	50x	as long as short
Extended PENDLE-USD	−0.0112%	1h	2.5002	+0.033%	$163K	$565K	10x	as long as short
Binance PENDLEUSDT	−0.0110%	8h	2.5010	+0.064%	$27.0M	$43.1M	75x	as long as short
MEXC PENDLE_USDT	−0.0110%	8h	2.5004	+0.040%	$17.1M	$1.8M	125x	as long as short
BloFin PENDLE-USDT	−0.0096%	8h	2.5118	+0.496%	$1.3M	$653K	75x	as long as short
Variational Omni PENDLE	−0.0035%	8h	2.5006	+0.049%	$596K	$1.8M	—	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Orderly PERP_PENDLE_USDClong	−0.0029%	8h	2.4994	long leg	$20K	$16K	10x
dYdX PENDLE-USD	0.0000%	1h	2.5051	+0.227%	$11K	—	5x	as long as short
Aster PENDLEUSDT	+0.0013%	8h	2.5034	+0.161%	$50K	$181K	10x	as long as short
Reya PENDLERUSDPERP	+0.0052%	1h	2.5021	+0.108%	$4K	—	15x	as long as short
Aevo PENDLE-PERP	+0.0056%	1h	2.4991	−0.011%	$26K	—	3x	as long as short
Gate PENDLE_USDT	+0.0068%	8h	2.5020	+0.104%	$780K	$1.2M	75x	as long as short
Lighter PENDLE	+0.0096%	1h	2.4997	+0.012%	$532K	$414K	5x	as long as short
Paradex PENDLE-USD-PERP	+0.0100%	8h	2.5029	+0.140%	$35K	$16K	10x	as long as short
OKX PENDLE-USDT-SWAP	+0.0100%	4h	2.5010	+0.064%	$3.2M	$6.1M	50x	as long as short
KuCoin PENDLEUSDTM	+0.0100%	8h	2.4996	+0.008%	$850K	$591K	50x	as long as short
Bitget PENDLEUSDT	+0.0100%	8h	2.4977	−0.068%	$3.8M	$2.5M	75x	as long as short
BingX PENDLE-USDTshort	+0.0100%	8h	2.5020	+0.104%	—	$33.8M	—
edgeX PENDLEUSDC	+0.0100%	4h	2.5160	+0.663%	$25K	$379K	10x	as long as short
Polymarket Perps PENDLE-USD	+0.0100%	1h	2.5042	+0.192%	$16K	$20K	5x	as long as short
SunX PENDLE-USDT	+0.0100%	8h	2.5005	+0.044%	$2K	$1.8M	20x	as long as short
GMX PENDLE/USD [PENDLE-USDC]	L +0.0158% / S −0.0256%	1h	2.5031	+0.146%	$7K	—	100x	as long as short
Hyperliquid PENDLE	+0.0239%	1h	2.5059	+0.260%	$12.9M	$6.4M	5x	as long as short
Backpack PENDLE_USDC_PERP	+0.0247%	1h	2.5052	+0.232%	$351K	$485K	15x	as long as short
Coinbase International PENDLE-PERP-INTX	+0.0632%	1h	2.5060	+0.264%	$144K	$464K	25x	as long as short
Kraken Futures PF_PENDLEUSD	+0.0870%	1h	2.5054	+0.238%	$116K	$290K	20x	as long as short