PENDLE

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0180%/8h= −19.7% APRnext payment −$1.80 per $10,000 · paid last 24h −0.018%

Price spread now: BloFin against Paradex−0.057%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Paradex Short on BloFin

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

Both sides work against this trade now: funding costs −$5 a day on $10k at the current rate, and BloFin is 0.057% cheaper against Paradex than usual: you would sell low and buy high (−$6 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Paradex PENDLE-USD-PERP	2.5345	0.0100	pay 0.0100% / 8h	7h 39m	$35K	$18K	10x
Short	BloFin PENDLE-USDT	2.5331	−0.0080	pay 0.0080% / 8h	7h 39m	$1.3M	$707K	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin against Paradex. 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 ParadexbpFee BloFinbpOrdersPrice spread, now −0.057%Rate

Funding earned: −$37.86
Price spread: −0.057% → 0.000%: −$5.7
Slippage, 4 orders: no order book: not counted
Fee Paradex: 2 bp × 2 orders: −$4
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$59.56
Costs to cover: 0.160%
Break-even: never at this rate

Slippage unknown: Paradex: no order-book sample; BloFin: live order book, 3 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 Paradex no order-book sample	—	—	—	—	—
Sell BloFin live order book, 3 min ago	0.79 bp	15.2 bp −$15	26.8 bp −$268	doesn't fit	doesn't fit

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	−0.4643%	1h	2.4970	−1.481%	$2K	$54K	5.5x	as long as short
Deribit PENDLE_USDC-PERPETUAL	−0.0223%	1h	2.5342	−0.014%	$26K	$14K	10x	as long as short
ApeX Omni PENDLEUSDT	−0.0119%	1h	2.5269	−0.302%	$77K	$238K	50x	as long as short
Gate PENDLE_USDT	−0.0090%	8h	2.5340	−0.022%	$783K	$1.2M	75x	as long as short
BloFin PENDLE-USDTshort	−0.0080%	8h	2.5331	−0.057%	$1.3M	$707K	75x
Extended PENDLE-USD	−0.0080%	1h	2.5316	−0.117%	$165K	$720K	10x	as long as short
Binance PENDLEUSDT	−0.0079%	8h	2.5342	−0.014%	$27.4M	$42.8M	75x	as long as short
MEXC PENDLE_USDT	−0.0076%	8h	2.5340	−0.022%	$17.1M	$1.9M	125x	as long as short
Orderly PERP_PENDLE_USDC	−0.0015%	8h	2.5356	+0.042%	$20K	$16K	10x	as long as short
dYdX PENDLE-USD	0.0000%	1h	2.5343	−0.009%	$11K	—	5x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT PENDLE_USDT_Perp	+0.0008%	8h	2.5291	−0.216%	$427K	$1.6M	10x	as long as short
Variational Omni PENDLE	+0.0013%	8h	2.5266	−0.313%	$610K	$1.9M	—	as long as short
Reya PENDLERUSDPERP	+0.0049%	1h	2.5352	+0.026%	$4K	—	15x	as long as short
Aevo PENDLE-PERP	+0.0064%	1h	2.5349	+0.013%	$27K	—	3x	as long as short
Aster PENDLEUSDT	+0.0083%	8h	2.5338	−0.031%	$47K	$178K	10x	as long as short
Lighter PENDLE	+0.0096%	1h	2.5348	+0.010%	$537K	$413K	5x	as long as short
Paradex PENDLE-USD-PERPlong	+0.0100%	8h	2.5345	long leg	$35K	$18K	10x
Bybit PENDLEUSDT	+0.0100%	8h	2.5320	−0.100%	$15.6M	$12.1M	50x	as long as short
OKX PENDLE-USDT-SWAP	+0.0100%	4h	2.5330	−0.061%	$3.3M	$6.1M	50x	as long as short
KuCoin PENDLEUSDTM	+0.0100%	8h	2.5351	+0.022%	$889K	$594K	50x	as long as short
Bitget PENDLEUSDT	+0.0100%	8h	2.5339	−0.025%	$3.8M	$2.4M	75x	as long as short
BingX PENDLE-USDT	+0.0100%	8h	2.5318	−0.108%	—	$35.7M	—	as long as short
edgeX PENDLEUSDC	+0.0100%	4h	2.5269	−0.303%	$25K	$380K	10x	as long as short
Polymarket Perps PENDLE-USD	+0.0100%	1h	2.5371	+0.101%	$16K	$20K	5x	as long as short
SunX PENDLE-USDT	+0.0100%	8h	2.5362	+0.065%	$2K	$1.8M	20x	as long as short
Hyperliquid PENDLE	+0.0195%	1h	2.5388	+0.168%	$12.9M	$6.3M	5x	as long as short
GMX PENDLE/USD [PENDLE-USDC]	L +0.0203% / S −0.0382%	1h	2.5362	+0.064%	$7K	—	100x	as long as short
Kraken Futures PF_PENDLEUSD	+0.0613%	1h	2.5396	+0.199%	$118K	$294K	20x	as long as short
Coinbase International PENDLE-PERP-INTX	+0.0728%	1h	2.5370	+0.097%	$141K	$442K	25x	as long as short
Backpack PENDLE_USDC_PERP	+0.0884%	1h	2.5389	+0.172%	$334K	$487K	15x	as long as short