PENDLE

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0138%/8h= −15.1% APRnext payment −$1.38 per $10,000 · paid last 24h −0.022%

Price spread now: Orderly against Paradex−0.158%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 Orderly

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 −$4 a day on $10k at the current rate, and Orderly is 0.158% cheaper against Paradex than usual: you would sell low and buy high (−$16 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	2.4583	0.0100	pay 0.0100% / 8h	3h 12m	$34K	$11K	10x
Short	Orderly PERP_PENDLE_USDC	2.4544	−0.0038	pay 0.0038% / 8h	3h 12m	$19K	$15K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly 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 OrderlybpOrdersPrice spread, now −0.158%Rate

Funding earned: −$28.91
Price spread: −0.158% → 0.000%: −$15.82
Slippage, 4 orders: no order book: not counted
Fee Paradex: 2 bp × 2 orders: −$4
Fee Orderly: 3 bp × 2 orders: −$6
Net: −$54.73
Costs to cover: 0.100%
Break-even: never at this rate

Slippage unknown: Paradex: no order-book sample; Orderly: 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 Paradex no order-book sample	—	—	—	—	—
Sell Orderly no order-book sample	—	—	—	—	—

Paradex and 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	−0.4243%	1h	2.4280	−1.232%	$2K	$54K	5.5x	as long as short
ApeX Omni PENDLEUSDT	−0.0084%	1h	2.4529	−0.219%	$75K	$233K	50x	as long as short
Gate PENDLE_USDT	−0.0060%	8h	2.4580	−0.012%	$721K	$1.1M	75x	as long as short
BloFin PENDLE-USDT	−0.0059%	8h	2.4604	+0.086%	$1.1M	$596K	75x	as long as short
Binance PENDLEUSDT	−0.0051%	8h	2.4531	−0.211%	$25.9M	$44.5M	75x	as long as short
MEXC PENDLE_USDT	−0.0050%	8h	2.4535	−0.195%	$17.4M	$2.0M	125x	as long as short
Extended PENDLE-USD	−0.0048%	1h	2.4523	−0.246%	$158K	$579K	10x	as long as short
Orderly PERP_PENDLE_USDCshort	−0.0038%	8h	2.4544	−0.158%	$19K	$15K	10x
dYdX PENDLE-USD	0.0000%	1h	2.4623	+0.162%	$10K	—	5x	as long as short
Deribit PENDLE_USDC-PERPETUAL	0.0000%	1h	2.4537	−0.187%	$24K	$15K	10x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster PENDLEUSDT	+0.0031%	8h	2.4614	+0.125%	$47K	$172K	10x	as long as short
GRVT PENDLE_USDT_Perp	+0.0045%	8h	2.4497	−0.348%	$415K	$2.1M	10x	as long as short
Variational Omni PENDLE	+0.0069%	8h	2.4496	−0.355%	$549K	$1.4M	—	as long as short
Reya PENDLERUSDPERP	+0.0070%	1h	2.4562	−0.086%	$3K	—	15x	as long as short
Aevo PENDLE-PERP	+0.0072%	1h	2.4533	−0.205%	$26K	—	3x	as long as short
Lighter PENDLE	+0.0096%	1h	2.4550	−0.134%	$517K	$431K	5x	as long as short
Paradex PENDLE-USD-PERPlong	+0.0100%	8h	2.4583	long leg	$34K	$11K	10x
Bybit PENDLEUSDT	+0.0100%	8h	2.4528	−0.223%	$14.4M	$12.1M	50x	as long as short
OKX PENDLE-USDT-SWAP	+0.0100%	4h	2.4530	−0.215%	$3.1M	$6.4M	50x	as long as short
KuCoin PENDLEUSDTM	+0.0100%	8h	2.4568	−0.061%	$867K	$557K	50x	as long as short
Bitget PENDLEUSDT	+0.0100%	8h	2.4546	−0.150%	$3.7M	$2.3M	75x	as long as short
BingX PENDLE-USDT	+0.0100%	8h	2.4568	−0.061%	—	$8.4M	—	as long as short
edgeX PENDLEUSDC	+0.0100%	4h	2.4507	−0.310%	$24K	$377K	10x	as long as short
Polymarket Perps PENDLE-USD	+0.0100%	1h	2.4582	−0.004%	$16K	$7K	5x	as long as short
SunX PENDLE-USDT	+0.0100%	8h	2.4549	−0.138%	$2K	$1.8M	20x	as long as short
GMX PENDLE/USD [PENDLE-USDC]	L +0.0196% / S −0.0222%	1h	2.4542	−0.168%	$5K	—	100x	as long as short
Hyperliquid PENDLE	+0.0275%	1h	2.4609	+0.106%	$12.8M	$6.1M	5x	as long as short
Coinbase International PENDLE-PERP-INTX	+0.0640%	1h	2.4610	+0.110%	$150K	$509K	25x	as long as short
Backpack PENDLE_USDC_PERP	+0.0699%	1h	2.4656	+0.297%	$358K	$400K	15x	as long as short
Kraken Futures PF_PENDLEUSD	+0.1185%	1h	2.4577	−0.026%	$115K	$268K	20x	as long as short