Funding you earn now, next payment 08:00 UTC−0.0020%/8h= −2.2% APRnext payment −$0.20 per $10,000 · paid last 24h −0.009%
Price spread now: GRVT against Paradex+0.230%51s7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
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 · GRVT: Active · farm boardneeds both histories
The price spread pays, funding is against you. GRVT is 0.230% dearer against Paradex than usual: you sell high and buy low (spread +0.230% now, against zero (this spread has no 7-day history yet)): +$23 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 38 days. The two prices were read 51 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Paradex PENDLE-USD-PERP | 2.4170 | 0.0100 | pay 0.0100% / 8h | 23m 53s | $34K | $5K | 10x |
| Short | GRVT PENDLE_USDT_Perp | 2.4226 | 0.0080 | get 0.0080% / 8h | 23m 53s | $409K | $2.5M | 10x |
Paradex PENDLE-USD-PERP
GRVT PENDLE_USDT_PerpFunding history
latest
Range statsloading…
Price spread between the two exchanges
GRVT against Paradex. 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
- −$4.2
- Price spread: +0.230% → 0.000%
- $23.02
- Slippage, 4 orders
- no order book: not counted
- Fee Paradex: 2 bp × 2 orders
- −$4
- Fee GRVT: 4.5 bp × 2 orders
- −$9
- Net
- $5.82
- Costs to cover
- 0.130%
- Break-even
- from the start
Slippage unknown: Paradex: no order-book sample; GRVT: live order book, 5 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 GRVT live order book, 5 min ago | 1.03 bp | 18.1 bp −$18 | doesn't fit | 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 | −0.4810% | 1h | 2.3920 | −1.036% | $2K | $54K | 5.5x | as long as short |
| Deribit PENDLE_USDC-PERPETUAL | −0.0205% | 1h | 2.4187 | +0.069% | $24K | $16K | 10x | as long as short |
| Orderly PERP_PENDLE_USDC | −0.0015% | 8h | 2.4179 | +0.036% | $18K | $15K | 10x | as long as short |
| dYdX PENDLE-USD | 0.0000% | 1h | 2.4225 | +0.228% | $10K | — | 5x | as long as short |
| Binance PENDLEUSDT | +0.0008% | 8h | 2.4184 | +0.058% | $25.4M | $46.0M | 75x | as long as short |
| Extended PENDLE-USD | +0.0008% | 1h | 2.4173 | +0.011% | $157K | $927K | 10x | as long as short |
| MEXC PENDLE_USDT | +0.0009% | 8h | 2.4186 | +0.065% | $17.9M | $2.1M | 125x | as long as short |
| ApeX Omni PENDLEUSDT | +0.0023% | 1h | 2.4203 | +0.135% | $74K | $232K | 50x | as long as short |
| BloFin PENDLE-USDT | +0.0032% | 8h | 2.4188 | +0.073% | $1.1M | $501K | 75x | as long as short |
| Gate PENDLE_USDT | +0.0064% | 8h | 2.4200 | +0.123% | $760K | $1.1M | 75x | as long as short |
Injective PENDLE/USDC PERP
Deribit PENDLE_USDC-PERPETUAL
Orderly PERP_PENDLE_USDC
dYdX PENDLE-USD
Binance PENDLEUSDT
Extended PENDLE-USD
MEXC PENDLE_USDT
ApeX Omni PENDLEUSDT
BloFin PENDLE-USDT
Gate PENDLE_USDTShow all 30 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| GRVT PENDLE_USDT_Perpshort | +0.0080% | 8h | 2.4226 | +0.230% | $409K | $2.5M | 10x | |
| Aevo PENDLE-PERP | +0.0080% | 1h | 2.4171 | +0.005% | $25K | — | 3x | as long as short |
| Reya PENDLERUSDPERP | +0.0084% | 1h | 2.4183 | +0.053% | $3K | — | 15x | as long as short |
| Lighter PENDLE | +0.0096% | 1h | 2.4190 | +0.081% | $521K | $432K | 5x | as long as short |
| Paradex PENDLE-USD-PERPlong | +0.0100% | 8h | 2.4170 | long leg | $34K | $5K | 10x | |
| Hyperliquid PENDLE | +0.0100% | 1h | 2.4214 | +0.180% | $12.6M | $6.1M | 5x | as long as short |
| Aster PENDLEUSDT | +0.0100% | 8h | 2.4201 | +0.127% | $47K | $171K | 10x | as long as short |
| Bybit PENDLEUSDT | +0.0100% | 8h | 2.4180 | +0.040% | $14.1M | $12.2M | 50x | as long as short |
| OKX PENDLE-USDT-SWAP | +0.0100% | 4h | 2.4190 | +0.081% | $3.1M | $6.7M | 50x | as long as short |
| KuCoin PENDLEUSDTM | +0.0100% | 8h | 2.4187 | +0.069% | $718K | $617K | 50x | as long as short |
| Bitget PENDLEUSDT | +0.0100% | 8h | 2.4184 | +0.056% | $3.7M | $2.5M | 75x | as long as short |
| BingX PENDLE-USDT | +0.0100% | 8h | 2.4189 | +0.077% | — | $8.2M | — | as long as short |
| Variational Omni PENDLE | +0.0100% | 8h | 2.4186 | +0.063% | $563K | $1.3M | — | as long as short |
| edgeX PENDLEUSDC | +0.0100% | 4h | 2.4218 | +0.199% | $24K | $368K | 10x | as long as short |
| Polymarket Perps PENDLE-USD | +0.0100% | 1h | 2.4213 | +0.176% | $16K | $4K | 5x | as long as short |
| SunX PENDLE-USDT | +0.0100% | 8h | 2.4203 | +0.135% | $1K | $1.8M | 20x | as long as short |
| GMX PENDLE/USD [PENDLE-USDC] | L +0.0196% / S −0.0222% | 1h | 2.4190 | +0.081% | $5K | — | 100x | as long as short |
| Backpack PENDLE_USDC_PERP | +0.0625% | 1h | 2.4235 | +0.267% | $350K | $435K | 15x | as long as short |
| Coinbase International PENDLE-PERP-INTX | +0.0672% | 1h | 2.4260 | +0.371% | $156K | $506K | 25x | as long as short |
| Kraken Futures PF_PENDLEUSD | +0.1529% | 1h | 2.4246 | +0.314% | $115K | $262K | 20x | as long as short |
Aevo PENDLE-PERP
Reya PENDLERUSDPERP
Lighter PENDLE
Hyperliquid PENDLE
Aster PENDLEUSDT
Bybit PENDLEUSDT
OKX PENDLE-USDT-SWAP
KuCoin PENDLEUSDTM
Bitget PENDLEUSDT
BingX PENDLE-USDT
Variational Omni PENDLE
edgeX PENDLEUSDC
Polymarket Perps PENDLE-USD
SunX PENDLE-USDT
GMX PENDLE/USD [PENDLE-USDC]
Backpack PENDLE_USDC_PERP
Coinbase International PENDLE-PERP-INTX
Kraken Futures PF_PENDLEUSD