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: Bitget against Orderly−0.036%7-day average — · you buy dearer than you sell

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

Long on Orderly Short on Bitget

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. Bitget is 0.036% cheaper against Orderly than usual: you would sell low and buy high (spread −0.036% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$4 on $10k: about 21 hours of funding at the current rate (+$4 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Orderly PERP_PENDLE_USDC	2.4963	−0.0035	get 0.0035% / 8h	5h 21m	$19K	$15K	10x
Short	Bitget PENDLEUSDT	2.4954	0.0100	get 0.0100% / 8h	5h 21m	$3.7M	$2.3M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now −0.036%Rate

Funding earned: $28.4
Price spread: −0.036% → 0.000%: −$3.61
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee Bitget: 6 bp × 2 orders: −$12
Net: $6.79
Costs to cover: 0.180%
Break-even: 5.3 days

Slippage unknown: Orderly: no order-book sample; Bitget: live order book, 2 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 Bitget live order book, 2 min ago	3.41 bp	19.7 bp −$20	48.8 bp −$488	doesn't fit	doesn't fit

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	−0.4938%	1h	2.4520	−1.775%	$2K	$54K	5.5x	as long as short
BloFin PENDLE-USDT	−0.0102%	8h	2.4951	−0.048%	$1.3M	$650K	75x	as long as short
Extended PENDLE-USD	−0.0088%	1h	2.4941	−0.090%	$162K	$570K	10x	as long as short
Binance PENDLEUSDT	−0.0084%	8h	2.4950	−0.051%	$26.7M	$43.5M	75x	as long as short
MEXC PENDLE_USDT	−0.0084%	8h	2.4945	−0.072%	$17.4M	$1.9M	125x	as long as short
Orderly PERP_PENDLE_USDClong	−0.0035%	8h	2.4963	long leg	$19K	$15K	10x
Aster PENDLEUSDT	−0.0030%	8h	2.4961	−0.010%	$47K	$177K	10x	as long as short
dYdX PENDLE-USD	0.0000%	1h	2.4933	−0.120%	$10K	—	5x	as long as short
Deribit PENDLE_USDC-PERPETUAL	0.0000%	1h	2.4967	+0.016%	$26K	$14K	10x	as long as short
Variational Omni PENDLE	+0.0003%	8h	2.4795	−0.673%	$546K	$1.8M	—	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate PENDLE_USDT	+0.0023%	8h	2.4950	−0.052%	$722K	$1.1M	75x	as long as short
Aevo PENDLE-PERP	+0.0056%	1h	2.4951	−0.046%	$26K	—	3x	as long as short
GRVT PENDLE_USDT_Perp	+0.0059%	8h	2.4892	−0.284%	$416K	$1.8M	10x	as long as short
Reya PENDLERUSDPERP	+0.0060%	1h	2.4974	+0.043%	$4K	—	15x	as long as short
Lighter PENDLE	+0.0096%	1h	2.4955	−0.032%	$533K	$418K	5x	as long as short
Paradex PENDLE-USD-PERP	+0.0100%	8h	2.4952	−0.045%	$35K	$15K	10x	as long as short
Hyperliquid PENDLE	+0.0100%	1h	2.4989	+0.104%	$12.7M	$6.0M	5x	as long as short
Bybit PENDLEUSDT	+0.0100%	8h	2.4940	−0.092%	$14.9M	$12.2M	50x	as long as short
OKX PENDLE-USDT-SWAP	+0.0100%	4h	2.4960	−0.012%	$3.2M	$6.2M	50x	as long as short
KuCoin PENDLEUSDTM	+0.0100%	8h	2.4966	+0.012%	$852K	$573K	50x	as long as short
Bitget PENDLEUSDTshort	+0.0100%	8h	2.4954	−0.036%	$3.7M	$2.3M	75x
BingX PENDLE-USDT	+0.0100%	8h	2.4947	−0.064%	—	$33.6M	—	as long as short
edgeX PENDLEUSDC	+0.0100%	4h	2.4819	−0.575%	$25K	$377K	10x	as long as short
ApeX Omni PENDLEUSDT	+0.0100%	1h	2.4856	−0.429%	$76K	$235K	50x	as long as short
Polymarket Perps PENDLE-USD	+0.0100%	1h	2.4988	+0.100%	$16K	$8K	5x	as long as short
SunX PENDLE-USDT	+0.0100%	8h	2.4964	+0.004%	$1K	$1.8M	20x	as long as short
GMX PENDLE/USD [PENDLE-USDC]	L +0.0158% / S −0.0257%	1h	2.4967	+0.018%	$7K	—	100x	as long as short
Coinbase International PENDLE-PERP-INTX	+0.0552%	1h	2.4990	+0.108%	$148K	$493K	25x	as long as short
Backpack PENDLE_USDC_PERP	+0.0715%	1h	2.5002	+0.156%	$361K	$488K	15x	as long as short
Kraken Futures PF_PENDLEUSD	+0.0749%	1h	2.5017	+0.218%	$116K	$280K	20x	as long as short