PENDLE

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0136%/8h= +14.8% APRnext payment +$1.36 per $10,000 · paid last 24h +0.022%

Price spread now: Paradex against Orderly−0.084%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 Paradex

What this pair did over the last

the charts below follow

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 airdropParadex: Active · farm boardneeds both histories

Funding pays, the price is against you. Paradex is 0.084% cheaper against Orderly than usual: you would sell low and buy high (spread −0.084% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$8 on $10k: about 2.1 days 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	2.4655	−0.0036	get 0.0036% / 8h	4h 51m	$19K	$15K	10x
Short	Paradex PENDLE-USD-PERP	2.4634	0.0100	get 0.0100% / 8h	4h 51m	$34K	$13K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paradex 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 ParadexbpOrdersPrice spread, now −0.084%Rate

Funding earned: $28.48
Price spread: −0.084% → 0.000%: −$8.4
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee Paradex: 2 bp × 2 orders: −$4
Net: $10.08
Costs to cover: 0.100%
Break-even: 4.5 days

Slippage unknown: Orderly: no order-book sample; 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 Orderly no order-book sample	—	—	—	—	—
Sell Paradex no order-book sample	—	—	—	—	—

Orderly and 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	−0.4334%	1h	2.4430	−0.913%	$2K	$54K	5.5x	as long as short
Deribit PENDLE_USDC-PERPETUAL	−0.0358%	1h	2.4653	−0.008%	$25K	$14K	10x	as long as short
BloFin PENDLE-USDT	−0.0082%	8h	2.4693	+0.154%	$1.3M	$652K	75x	as long as short
Extended PENDLE-USD	−0.0072%	1h	2.4634	−0.084%	$161K	$570K	10x	as long as short
Binance PENDLEUSDT	−0.0071%	8h	2.4641	−0.057%	$26.2M	$43.8M	75x	as long as short
MEXC PENDLE_USDT	−0.0068%	8h	2.4638	−0.069%	$17.3M	$1.9M	125x	as long as short
Aster PENDLEUSDT	−0.0044%	8h	2.4682	+0.110%	$47K	$178K	10x	as long as short
Orderly PERP_PENDLE_USDClong	−0.0036%	8h	2.4655	long leg	$19K	$15K	10x
Gate PENDLE_USDT	−0.0019%	8h	2.4650	−0.020%	$716K	$1.1M	75x	as long as short
dYdX PENDLE-USD	0.0000%	1h	2.4666	+0.043%	$10K	—	5x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni PENDLE	+0.0030%	8h	2.4746	+0.369%	$564K	$1.8M	—	as long as short
Reya PENDLERUSDPERP	+0.0062%	1h	2.4678	+0.095%	$3K	—	15x	as long as short
Aevo PENDLE-PERP	+0.0064%	1h	2.4644	−0.047%	$26K	—	3x	as long as short
GRVT PENDLE_USDT_Perp	+0.0081%	8h	2.4707	+0.211%	$412K	$1.8M	10x	as long as short
Lighter PENDLE	+0.0096%	1h	2.4653	−0.008%	$526K	$414K	5x	as long as short
Paradex PENDLE-USD-PERPshort	+0.0100%	8h	2.4634	−0.084%	$34K	$13K	10x
Bybit PENDLEUSDT	+0.0100%	8h	2.4640	−0.061%	$14.6M	$12.3M	50x	as long as short
OKX PENDLE-USDT-SWAP	+0.0100%	4h	2.4650	−0.020%	$3.1M	$6.2M	50x	as long as short
KuCoin PENDLEUSDTM	+0.0100%	8h	2.4681	+0.105%	$873K	$580K	50x	as long as short
Bitget PENDLEUSDT	+0.0100%	8h	2.4656	+0.004%	$3.7M	$2.4M	75x	as long as short
BingX PENDLE-USDT	+0.0100%	8h	2.4663	+0.032%	—	$8.6M	—	as long as short
edgeX PENDLEUSDC	+0.0100%	4h	2.4716	+0.246%	$24K	$377K	10x	as long as short
ApeX Omni PENDLEUSDT	+0.0100%	1h	2.4657	+0.008%	$75K	$235K	50x	as long as short
Polymarket Perps PENDLE-USD	+0.0100%	1h	2.4689	+0.138%	$16K	$8K	5x	as long as short
SunX PENDLE-USDT	+0.0100%	8h	2.4666	+0.045%	$2K	$1.8M	20x	as long as short
GMX PENDLE/USD [PENDLE-USDC]	L +0.0196% / S −0.0222%	1h	2.4666	+0.045%	$5K	—	100x	as long as short
Hyperliquid PENDLE	+0.0221%	1h	2.4690	+0.142%	$12.6M	$6.1M	5x	as long as short
Backpack PENDLE_USDC_PERP	+0.0485%	1h	2.4703	+0.195%	$356K	$478K	15x	as long as short
Coinbase International PENDLE-PERP-INTX	+0.0608%	1h	2.4760	+0.426%	$147K	$493K	25x	as long as short
Kraken Futures PF_PENDLEUSD	+0.1177%	1h	2.4712	+0.231%	$115K	$278K	20x	as long as short