PENDLE

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0064%/8h= +7.0% APRnext payment +$0.64 per $10,000 · paid last 24h +0.020%

Price spread now: SunX against Orderly−0.028%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 SunX

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. SunX is 0.028% cheaper against Orderly than usual: you would sell low and buy high (spread −0.028% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$3 on $10k: about 35 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	2.5169	0.0036	pay 0.0036% / 8h	2h 38m	$23K	$8K	10x
Short	SunX PENDLE-USDT	2.5162	0.0100	get 0.0100% / 8h	2h 38m	$2K	$1.7M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now −0.028%Rate

Funding earned: $13.49
Price spread: −0.028% → 0.000%: −$2.78
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee SunX: 4 bp × 2 orders: −$8
Net: −$3.29
Costs to cover: 0.140%
Break-even: 8.7 days

Slippage unknown: Orderly: no order-book sample; SunX: live order book, 7 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 SunX live order book, 7 min ago	499.49 bp	doesn't fit	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	−0.4806%	1h	2.4860	−1.228%	$2K	$7K	5.5x	as long as short
Kraken Futures PF_PENDLEUSD	−0.0429%	1h	2.5214	+0.178%	$150K	$279K	20x	as long as short
dYdX PENDLE-USD	0.0000%	1h	2.5179	+0.041%	$11K	—	5x	as long as short
Deribit PENDLE_USDC-PERPETUAL	0.0000%	1h	2.5180	+0.044%	$30K	$10K	10x	as long as short
Variational Omni PENDLE	+0.0019%	8h	2.5180	+0.044%	$609K	$2.3M	—	as long as short
Reya PENDLERUSDPERP	+0.0035%	1h	2.5166	−0.014%	$4K	—	15x	as long as short
Orderly PERP_PENDLE_USDClong	+0.0036%	8h	2.5169	long leg	$23K	$8K	10x
Extended PENDLE-USD	+0.0040%	1h	2.5164	−0.018%	$165K	$524K	10x	as long as short
Binance PENDLEUSDT	+0.0042%	8h	2.5179	+0.040%	$27.5M	$39.1M	75x	as long as short
MEXC PENDLE_USDT	+0.0043%	8h	2.5163	−0.024%	$16.9M	$2.2M	125x	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	+0.0070%	8h	2.5144	−0.099%	$1.3M	$743K	75x	as long as short
Aevo PENDLE-PERP	+0.0088%	1h	2.5159	−0.038%	$26K	—	3x	as long as short
Lighter PENDLE	+0.0096%	1h	2.5172	+0.012%	$544K	$385K	5x	as long as short
Paradex PENDLE-USD-PERP	+0.0100%	8h	2.5148	−0.083%	$35K	$22K	10x	as long as short
Hyperliquid PENDLE	+0.0100%	1h	2.5191	+0.087%	$12.4M	$5.6M	5x	as long as short
Aster PENDLEUSDT	+0.0100%	8h	2.5158	−0.045%	$41K	$177K	10x	as long as short
Bybit PENDLEUSDT	+0.0100%	8h	2.5160	−0.036%	$15.6M	$12.2M	50x	as long as short
OKX PENDLE-USDT-SWAP	+0.0100%	4h	2.5190	+0.083%	$3.3M	$5.7M	50x	as long as short
Gate PENDLE_USDT	+0.0100%	8h	2.5140	−0.115%	$845K	$1.1M	75x	as long as short
KuCoin PENDLEUSDTM	+0.0100%	8h	2.5166	−0.012%	$912K	$608K	50x	as long as short
Bitget PENDLEUSDT	+0.0100%	8h	2.5164	−0.020%	$3.7M	$2.6M	75x	as long as short
BingX PENDLE-USDT	+0.0100%	8h	2.5152	−0.068%	—	$36.3M	—	as long as short
edgeX PENDLEUSDC	+0.0100%	4h	2.5192	+0.092%	$25K	$411K	10x	as long as short
GRVT PENDLE_USDT_Perp	+0.0100%	8h	2.5192	+0.091%	$416K	$1.6M	10x	as long as short
ApeX Omni PENDLEUSDT	+0.0100%	1h	2.5192	+0.091%	$77K	$240K	50x	as long as short
Polymarket Perps PENDLE-USD	+0.0100%	1h	2.5183	+0.056%	$16K	$19K	5x	as long as short
SunX PENDLE-USDTshort	+0.0100%	8h	2.5162	−0.028%	$2K	$1.7M	20x
GMX PENDLE/USD [PENDLE-USDC]	L +0.0200% / S −0.0277%	1h	2.5180	+0.042%	$5K	—	100x	as long as short
Coinbase International PENDLE-PERP-INTX	+0.0560%	1h	2.5220	+0.203%	$117K	$433K	25x	as long as short
Backpack PENDLE_USDC_PERP	+0.0817%	1h	2.5218	+0.195%	$365K	$465K	15x	as long as short