PENDLE

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0132%/8h= +14.4% APRnext payment +$1.32 per $10,000 · paid last 24h +0.022%

Price spread now: KuCoin against Orderly+0.151%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 KuCoin

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 KuCoin is 0.151% dearer against Orderly than usual: you sell high and buy low: +$15 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	2.5130	−0.0032	get 0.0032% / 8h	6h 49m	$20K	$16K	10x
Short	KuCoin PENDLEUSDTM	2.5168	0.0100	get 0.0100% / 8h	6h 49m	$855K	$593K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now +0.151%Rate

Funding earned: $27.62
Price spread: +0.151% → 0.000%: $15.12
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee KuCoin: 6 bp × 2 orders: −$12
Net: $24.74
Costs to cover: 0.180%
Break-even: 0.7 days

Slippage unknown: Orderly: no order-book sample; KuCoin: live order book, 65 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 KuCoin live order book, 65 min ago	8.94 bp	68.0 bp −$68	doesn't fit	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	−0.4742%	1h	2.4750	−1.512%	$2K	$54K	5.5x	as long as short
Deribit PENDLE_USDC-PERPETUAL	−0.0823%	1h	2.5144	+0.056%	$26K	$14K	10x	as long as short
ApeX Omni PENDLEUSDT	−0.0606%	1h	2.5137	+0.028%	$77K	$237K	50x	as long as short
Bybit PENDLEUSDT	−0.0144%	8h	2.5118	−0.048%	$15.4M	$12.1M	50x	as long as short
GRVT PENDLE_USDT_Perp	−0.0129%	8h	2.5154	+0.095%	$420K	$1.7M	10x	as long as short
Extended PENDLE-USD	−0.0112%	1h	2.5127	−0.012%	$163K	$565K	10x	as long as short
BloFin PENDLE-USDT	−0.0112%	8h	2.5148	+0.072%	$1.3M	$655K	75x	as long as short
Binance PENDLEUSDT	−0.0111%	8h	2.5145	+0.061%	$27.1M	$43.2M	75x	as long as short
MEXC PENDLE_USDT	−0.0111%	8h	2.5149	+0.076%	$17.4M	$1.8M	125x	as long as short
Variational Omni PENDLE	−0.0040%	8h	2.5116	−0.055%	$599K	$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	−0.0032%	8h	2.5130	long leg	$20K	$16K	10x
Gate PENDLE_USDT	−0.0026%	8h	2.5150	+0.080%	$785K	$1.2M	75x	as long as short
dYdX PENDLE-USD	0.0000%	1h	2.5166	+0.143%	$11K	—	5x	as long as short
Aster PENDLEUSDT	+0.0011%	8h	2.5158	+0.113%	$50K	$180K	10x	as long as short
Reya PENDLERUSDPERP	+0.0053%	1h	2.5148	+0.071%	$4K	—	15x	as long as short
Aevo PENDLE-PERP	+0.0056%	1h	2.5141	+0.042%	$26K	—	3x	as long as short
Lighter PENDLE	+0.0096%	1h	2.5147	+0.068%	$535K	$414K	5x	as long as short
Paradex PENDLE-USD-PERP	+0.0100%	8h	2.5133	+0.013%	$35K	$16K	10x	as long as short
OKX PENDLE-USDT-SWAP	+0.0100%	4h	2.5150	+0.080%	$3.2M	$6.2M	50x	as long as short
KuCoin PENDLEUSDTMshort	+0.0100%	8h	2.5168	+0.151%	$855K	$593K	50x
Bitget PENDLEUSDT	+0.0100%	8h	2.5161	+0.123%	$3.8M	$2.5M	75x	as long as short
BingX PENDLE-USDT	+0.0100%	8h	2.5140	+0.040%	—	$33.8M	—	as long as short
edgeX PENDLEUSDC	+0.0100%	4h	2.5102	−0.111%	$25K	$380K	10x	as long as short
Polymarket Perps PENDLE-USD	+0.0100%	1h	2.5166	+0.143%	$16K	$20K	5x	as long as short
SunX PENDLE-USDT	+0.0100%	8h	2.5139	+0.036%	$1K	$1.8M	20x	as long as short
GMX PENDLE/USD [PENDLE-USDC]	L +0.0158% / S −0.0256%	1h	2.5160	+0.121%	$7K	—	100x	as long as short
Hyperliquid PENDLE	+0.0309%	1h	2.5200	+0.279%	$13.0M	$6.4M	5x	as long as short
Backpack PENDLE_USDC_PERP	+0.0319%	1h	2.5194	+0.255%	$353K	$485K	15x	as long as short
Coinbase International PENDLE-PERP-INTX	+0.0632%	1h	2.5150	+0.080%	$145K	$468K	25x	as long as short
Kraken Futures PF_PENDLEUSD	+0.0865%	1h	2.5196	+0.264%	$117K	$291K	20x	as long as short