PENDLE

Leg	Exchange	Price	Fund. /8h	Each payment	Next in	OI	Vol 24h	Lev
LONG	PhemexPENDLEUSDT	2.4773	+0.0100	pay 0.0100% / 8h	1h 45m	$1.4M	$1.2M	20x	Long Phemex
SHORT	HyperliquidPENDLE	2.4805	+0.0100	get 0.0013% / 1h	45m 42s	$14.6M	$1.7M	5x	Short Hyperliquid4% off

Price gap+0.129%

Funding gap0.0000% /8h

Funding is ≈ 0 and the gap is at its 7d average: nothing to capture right now.

If you open now and hold

on $10k a leg · figures of the last 7D, not a forecast

Funding+$50.0000% /8h now · paid +0.054% over the last 7D

Price+$2spread +0.129% now, avg +0.110% → +0.019% if it goes back

Costs−$970.965% of $10k · taker + slippage, in and out

Result−$89−0.89%+ Points / potential airdropHyperliquid: Season 2 · farm boardWhat the last 7D really paid, hour by hour → backtest

Price and funding

1h · history

Entry / Exit

Price spread

Prices

Fundingper 8h

ENTRY / EXIT · 7D

Entry now—

Entry average—

Best entry—

Exit now—

Exit average—

Best exit—

Exit free—

PRICE SPREAD · 7D

Now+0.129%

Average—

Range—

Wider than now—

FUNDING SPREAD · 7D

Average /8h—

Highest—

Lowest—

Paid you—

Where the spread has been, last 7D

share of time at each level

Funding on every exchange

/8h

PENDLE on 31 exchanges

lowest funding first

Before you open

1 ok · 4 to watch

Watch: Thin at this size37.6 / 12.5 bp
At $10k entering Phemex costs 37.6 bp, fee and slippage, 3.0× Hyperliquid’s.
Note: Margin at max leverage$500 + $2,000
Phemex 20x, Hyperliquid 5x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
Watch: Payment intervals differ8h / 1h
Payments land at different times. Close right after the slower leg pays.
Next 24h at the current rates, on $10k a leg: $0.00Long Phemex: 3 payments, −$3.00; short Hyperliquid: 24 payments, +$3.00.
Note: Gap at its usual level+0.129% vs +0.110%
The price leg adds little either way.
Watch: Long leg is thinner$1.4M vs $14.6M OI
Phemex sets your exit cost. Check its book before closing.
OK: Points on a legHyperliquid Season 2
Volume here counts toward the points program.
Watch: KYCPhemex Yes · Hyperliquid No
KYC unlocks spot and futures trading; an unverified account cannot withdraw at all.

Profit calculator

both legs, in and out

Position, each leg

Hold for

Orders

Price spread

Funding rate

Funding earned+0.0026%/8h × 21 periods+$5.41

Price spread+0.129% → +0.110% (7d avg)+$1.93

Slippage, 4 orderslive order books−$75.55

Fee Phemex bp × 2 orders−$12.00

Fee Hyperliquid bp × 2 orders−$9.00

Net · 7 days · $10k−$89.20

Costs to cover0.965%Break-even122.3 days

Slippage: Phemex: live order book, 2 min ago; Hyperliquid: live order book, 3 min ago

Cost to enter

taker + slippage from mid, one side

BUY · LONGPhemex2.8337.6 bp−$38157.6 bp−$1,576doesn’t fitdoesn’t fit

SELL · SHORTHyperliquid0.8112.5 bp−$1323.3 bp−$233124.5 bp−$12.5Kdoesn’t fit

Closing costs about the same again.

PENDLE news

posts that mention PENDLE, from every exchangeSearch all news →

09-30 01:05	Reya	Listing	PENDLERUSDPERP no longer reported ($PENDLE) seen by our collector
09-24 18:20	Phemex	Other	Phemex Futures TradFi Listing: ethereum:0xaea46a60368a7bd060eec7df8cba43b7ef41ad85, ethereum:0x5a98fcbea516cf06857215779fd812ca3bef1b32, $PENDLE, ethereum:0x455e53cbb86018ac2b8092fdcd39d8444affc3f6, $CAKE, $INJ 🔹 Trading Zone: Perpetual 🔹 Max Leverage: Up to 50x 🔹 Trading Starts: @Phemex_official on X ↗
09-24 09:36	Phemex	Listing	new market PENDLEUSDT ($PENDLE) seen by our collector