Funding you earn now, next payment 04:00 UTC+0.0106%/8h= +11.6% APRpaid last 24h −0.006%
Price spread now: Reya against Orderly+0.071%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Reya is 0.071% dearer against Orderly than usual: you sell high and buy low: +$7 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 | 2.4692 | −0.0039 | get 0.0039% / 8h | 4h 00m | $19K | $15K | 10x |
| Short | Reya PENDLERUSDPERP | 2.4709 | 0.0067 | get 0.0008% / 1h | 0m 37s | $3K | — | 15x |
Orderly PERP_PENDLE_USDC
Reya PENDLERUSDPERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Reya against Orderly. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $22.21
- Price spread: +0.071% → 0.000%
- $7.08
- Slippage, 4 orders
- no order book: not counted
- Fee Orderly: 3 bp × 2 orders
- −$6
- Fee Reya: 3 bp × 2 orders
- −$6
- Net
- $17.29
- Costs to cover
- 0.120%
- Break-even
- 1.6 days
Slippage unknown: Orderly: no order-book sample; Reya: 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 Reya no order-book sample | — | — | — | — | — |
Orderly and Reya: 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 | 2.4350 | −1.385% | $2K | $54K | 5.5x | as long as short |
| Deribit PENDLE_USDC-PERPETUAL | −0.0236% | 1h | 2.4704 | +0.049% | $25K | $14K | 10x | as long as short |
| BloFin PENDLE-USDT | −0.0060% | 8h | 2.4684 | −0.032% | $1.2M | $593K | 75x | as long as short |
| Binance PENDLEUSDT | −0.0049% | 8h | 2.4698 | +0.025% | $26.2M | $43.5M | 75x | as long as short |
| Extended PENDLE-USD | −0.0048% | 1h | 2.4687 | −0.019% | $159K | $578K | 10x | as long as short |
| MEXC PENDLE_USDT | −0.0048% | 8h | 2.4699 | +0.028% | $17.4M | $2.0M | 125x | as long as short |
| Aster PENDLEUSDT | −0.0042% | 8h | 2.4731 | +0.156% | $47K | $179K | 10x | as long as short |
| Gate PENDLE_USDT | −0.0040% | 8h | 2.4720 | +0.113% | $720K | $1.1M | 75x | as long as short |
| Orderly PERP_PENDLE_USDClong | −0.0039% | 8h | 2.4692 | long leg | $19K | $15K | 10x | |
| dYdX PENDLE-USD | 0.0000% | 1h | 2.4717 | +0.102% | $10K | — | 5x | as long as short |
Injective PENDLE/USDC PERP
Deribit PENDLE_USDC-PERPETUAL
BloFin PENDLE-USDT
Binance PENDLEUSDT
Extended PENDLE-USD
MEXC PENDLE_USDT
Aster PENDLEUSDT
Gate PENDLE_USDT
dYdX PENDLE-USDShow all 30 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aevo PENDLE-PERP | +0.0064% | 1h | 2.4677 | −0.059% | $26K | — | 3x | as long as short |
| Reya PENDLERUSDPERPshort | +0.0067% | 1h | 2.4709 | +0.071% | $3K | — | 15x | |
| Variational Omni PENDLE | +0.0074% | 8h | 2.4726 | +0.136% | $555K | $1.4M | — | as long as short |
| GRVT PENDLE_USDT_Perp | +0.0077% | 8h | 2.4709 | +0.069% | $417K | $1.9M | 10x | as long as short |
| Lighter PENDLE | +0.0096% | 1h | 2.4710 | +0.073% | $518K | $429K | 5x | as long as short |
| Paradex PENDLE-USD-PERP | +0.0100% | 8h | 2.4691 | −0.004% | $35K | $13K | 10x | as long as short |
| Bybit PENDLEUSDT | +0.0100% | 8h | 2.4691 | −0.004% | $14.6M | $11.9M | 50x | as long as short |
| OKX PENDLE-USDT-SWAP | +0.0100% | 4h | 2.4700 | +0.032% | $3.1M | $6.3M | 50x | as long as short |
| KuCoin PENDLEUSDTM | +0.0100% | 8h | 2.4741 | +0.198% | $870K | $556K | 50x | as long as short |
| Bitget PENDLEUSDT | +0.0100% | 8h | 2.4703 | +0.045% | $3.7M | $2.3M | 75x | as long as short |
| BingX PENDLE-USDT | +0.0100% | 8h | 2.4732 | +0.162% | — | $8.5M | — | as long as short |
| edgeX PENDLEUSDC | +0.0100% | 4h | 2.4709 | +0.067% | $24K | $378K | 10x | as long as short |
| ApeX Omni PENDLEUSDT | +0.0100% | 1h | 2.4730 | +0.154% | $75K | $235K | 50x | as long as short |
| Polymarket Perps PENDLE-USD | +0.0100% | 1h | 2.4754 | +0.251% | $16K | $7K | 5x | as long as short |
| SunX PENDLE-USDT | +0.0100% | 8h | 2.4789 | +0.393% | $1K | $1.8M | 20x | as long as short |
| GMX PENDLE/USD [PENDLE-USDC] | L +0.0196% / S −0.0222% | 1h | 2.4718 | +0.104% | $5K | — | 100x | as long as short |
| Hyperliquid PENDLE | +0.0339% | 1h | 2.4746 | +0.219% | $12.8M | $6.0M | 5x | as long as short |
| Coinbase International PENDLE-PERP-INTX | +0.0608% | 1h | 2.4740 | +0.194% | $147K | $497K | 25x | as long as short |
| Backpack PENDLE_USDC_PERP | +0.0688% | 1h | 2.4756 | +0.259% | $360K | $421K | 15x | as long as short |
| Kraken Futures PF_PENDLEUSD | +0.1175% | 1h | 2.4750 | +0.237% | $115K | $268K | 20x | as long as short |
Aevo PENDLE-PERP
Variational Omni PENDLE
GRVT PENDLE_USDT_Perp
Lighter PENDLE
Paradex PENDLE-USD-PERP
Bybit PENDLEUSDT
OKX PENDLE-USDT-SWAP
KuCoin PENDLEUSDTM
Bitget PENDLEUSDT
BingX PENDLE-USDT
edgeX PENDLEUSDC
ApeX Omni PENDLEUSDT
Polymarket Perps PENDLE-USD
SunX PENDLE-USDT
GMX PENDLE/USD [PENDLE-USDC]
Hyperliquid PENDLE
Coinbase International PENDLE-PERP-INTX
Backpack PENDLE_USDC_PERP
Kraken Futures PF_PENDLEUSD