Settings8H · net · $10k
LanguageThe language of the site
FundingPeriod funding rates are shown in
UnitsPercent or basis points
CostsCount taker fees and slippage in Net
SizePosition per leg used for Net and slippage
ExchangesWhich exchanges to include everywhere
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Funding arb · Price arb / Crypto

PENDLE

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Backtest 30d
LegExchangePriceFund. /8hEach paymentNext inOIVol 24hLev
LONG
OrderlyPERP_PENDLE_USDC
2.3772−0.0050get 0.0050% / 8h46m 53s$19K$1K10xLong Orderly
SHORT
PhemexPENDLEUSDT
2.3779+0.0100get 0.0100% / 8h46m 53s$1.1M$1.4M20xShort Phemex
Price gap+0.029%
Funding gap+0.0150% /8h

Both sides work: funding pays +$5 a day on $10k, and the gap is 0.029% above zero (no 7-day history yet): +$3 more if it goes back.

If you open now and hold

on $10k a leg · figures of the last 7D, not a forecast
Funding—+0.0150% /8h now · no funding history yet
Price—spread +0.029% now · no price history on both exchanges yet
Costsno datano order book for Orderly
Result, before costs—no pointsneeds funding history

Funding history

you earnyou payavg
RANGE STATS · 7D
Average /8h—
Highest—
Lowest—
Paid you—

Short leg rate minus long leg rate, per 8h. Above zero: the pair pays you.

Price spread between the two exchanges

Phemex price against Orderlynow
RANGE STATS · 7D
Now+0.029%
Average—
Range—
Wider than now—

Where the spread has been, last 7D

share of time at each level

Funding on every exchange

/8h

PENDLE on 30 exchanges

lowest funding first

Before you open

1 ok · 2 to watch
  • Note: Order book unknown—
    No order-book sample for Orderly: its slippage is not counted.
  • Note: Margin at max leverage$1,000 + $500
    Orderly 10x, Phemex 20x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
  • OK: Same payment interval8h / 8h
    Both legs pay at the same time.
    Next 24h at the current rates, on $10k a leg: +$4.51Long Orderly: 3 payments, +$1.51; short Phemex: 3 payments, +$3.00.
  • Note: No 7-day spread history+0.029%
    The gap cannot be compared with its average yet.
  • Watch: Long leg is thinner$19K vs $1.1M OI
    Orderly sets your exit cost. Check its book before closing.
  • Note: No points program—
    Neither exchange runs points right now.
  • Watch: KYCOrderly No · Phemex Yes
    KYC unlocks spot and futures trading; an unverified account cannot withdraw at all.

Profit calculator

both legs, in and out
Position, each leg
Hold for
Orders
Price spread
Funding rate
Funding earnedno history yet: current rate+$31.57
Price spread+0.029% → 0+$2.94
Slippage, 4 ordersno data for Orderly—
Fee Orderly bp × 2 orders−$6.00
Fee Phemex bp × 2 orders−$12.00
Net, fees only · 7 days · $10k+$16.52
Costs to cover0.180%Break-even3.3 days
Slippage: Orderly: no order-book sample; Phemex: live order book, 1 min ago

Cost to enter

taker + slippage from mid, one side
BUY · LONGOrderly—————
SELL · SHORTPhemex3.5833.2 bp−$33doesn’t fitdoesn’t fitdoesn’t fit

Closing costs about the same again.
Orderly: no data.

Alert

PENDLE news

posts that mention PENDLE, from every exchangeSearch all news →
09-24 18:20PhemexOtherPhemex Futures TradFi Listing: ethereum:0xaea46a60368a7bd060eec7df8cba43b7ef41ad85, ethereum:0x5a98fcbea516cf06857215779fd812ca3bef1b32, $PENDLE, ethereum:0x455e53cbb86018ac2b8092fdcd39d8444affc3f6, $CAKE, $INJ 🔹 Trading Zone: Perpetual 🔹 Max Leverage: Up to 50x 🔹 Trading Starts: @Phemex_official on X ↗
09-24 09:36PhemexListingnew market PENDLEUSDT ($PENDLE) seen by our collector