PENDLE

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0066%/8h= +7.2% APRnext payment +$0.66 per $10,000 · paid last 24h +0.012%

Price spread now: Gate against Orderly−0.032%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 Gate

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. Gate is 0.032% cheaper against Orderly than usual: you would sell low and buy high (spread −0.032% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$3 on $10k: about 39 hours of funding at the current rate (+$2 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Orderly PERP_PENDLE_USDC	2.5218	0.0034	pay 0.0034% / 8h	2h 17m	$25K	$11K	10x
Short	Gate PENDLE_USDT	2.5210	0.0100	get 0.0100% / 8h	2h 17m	$841K	$1.1M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now −0.032%Rate

Funding earned: $13.82
Price spread: −0.032% → 0.000%: −$3.17
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$10.35
Costs to cover: 0.210%
Break-even: 12.2 days

Slippage unknown: Orderly: no order-book sample; Gate: live order book, 5 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 Gate live order book, 5 min ago	3.96 bp	27.4 bp −$27	221.5 bp −$2,215	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	−0.4806%	1h	2.5210	−0.032%	$49K	$30K	5.5x	as long as short
Kraken Futures PF_PENDLEUSD	−0.0428%	1h	2.5279	+0.243%	$150K	$279K	20x	as long as short
Deribit PENDLE_USDC-PERPETUAL	−0.0344%	1h	2.5220	+0.008%	$30K	$10K	10x	as long as short
dYdX PENDLE-USD	0.0000%	1h	2.5229	+0.046%	$11K	—	5x	as long as short
Orderly PERP_PENDLE_USDClong	+0.0034%	8h	2.5218	long leg	$25K	$11K	10x
Reya PENDLERUSDPERP	+0.0036%	1h	2.5219	+0.005%	$4K	—	15x	as long as short
Binance PENDLEUSDT	+0.0046%	8h	2.5193	−0.099%	$27.4M	$39.3M	75x	as long as short
Extended PENDLE-USD	+0.0048%	1h	2.5191	−0.106%	$166K	$524K	10x	as long as short
MEXC PENDLE_USDT	+0.0048%	8h	2.5193	−0.099%	$17.0M	$2.3M	125x	as long as short
Variational Omni PENDLE	+0.0053%	8h	2.5229	+0.042%	$621K	$2.3M	—	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BloFin PENDLE-USDT	+0.0069%	8h	2.5221	+0.012%	$1.3M	$747K	75x	as long as short
Lighter PENDLE	+0.0096%	1h	2.5200	−0.071%	$547K	$396K	5x	as long as short
Aevo PENDLE-PERP	+0.0096%	1h	2.5216	−0.008%	$26K	—	3x	as long as short
Paradex PENDLE-USD-PERP	+0.0100%	8h	2.5193	−0.100%	$35K	$22K	10x	as long as short
Hyperliquid PENDLE	+0.0100%	1h	2.5237	+0.075%	$12.4M	$5.6M	5x	as long as short
Aster PENDLEUSDT	+0.0100%	8h	2.5195	−0.090%	$41K	$177K	10x	as long as short
Bybit PENDLEUSDT	+0.0100%	8h	2.5174	−0.174%	$15.6M	$11.9M	50x	as long as short
OKX PENDLE-USDT-SWAP	+0.0100%	4h	2.5200	−0.071%	$3.2M	$5.7M	50x	as long as short
Gate PENDLE_USDTshort	+0.0100%	8h	2.5210	−0.032%	$841K	$1.1M	75x
KuCoin PENDLEUSDTM	+0.0100%	8h	2.5216	−0.008%	$917K	$611K	50x	as long as short
Bitget PENDLEUSDT	+0.0100%	8h	2.5219	+0.004%	$3.7M	$2.6M	75x	as long as short
BingX PENDLE-USDT	+0.0100%	8h	2.5201	−0.067%	—	$36.3M	—	as long as short
edgeX PENDLEUSDC	+0.0100%	4h	2.5210	−0.030%	$25K	$412K	10x	as long as short
GRVT PENDLE_USDT_Perp	+0.0100%	8h	2.5216	−0.008%	$425K	$1.6M	10x	as long as short
ApeX Omni PENDLEUSDT	+0.0100%	1h	2.5236	+0.071%	$77K	$240K	50x	as long as short
Polymarket Perps PENDLE-USD	+0.0100%	1h	2.5235	+0.067%	$16K	$19K	5x	as long as short
SunX PENDLE-USDT	+0.0100%	8h	2.5226	+0.032%	$1K	$1.7M	20x	as long as short
GMX PENDLE/USD [PENDLE-USDC]	L +0.0200% / S −0.0277%	1h	2.5229	+0.043%	$5K	—	100x	as long as short
Coinbase International PENDLE-PERP-INTX	+0.0560%	1h	2.5360	+0.563%	$117K	$428K	25x	as long as short
Backpack PENDLE_USDC_PERP	+0.0845%	1h	2.5263	+0.178%	$365K	$464K	15x	as long as short