PENDLE

Leg	Exchange	Price	Fund. /8h	Each payment	Next in	OI	Vol 24h	Lev
LONG	PhemexPENDLEUSDT	1.7473	+0.0100	pay 0.0100% / 8h	7h 52m	$1.3M	$1.1M	20x	Long Phemex
SHORT	LighterPENDLE	1.7467	+0.0096	get 0.0012% / 1h	52m 49s	$301K	$466K	5x	Short Lighter7d free

Price gap−0.034%

Funding gap−0.0004% /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−$1−0.0004% /8h now · paid −0.015% over the last 7D

Price−$1spread −0.034% now, avg −0.029% → −0.005% if it goes back

Costs−$1031.032% of $10k · taker + slippage, in and out

Result−$105−1.05%+ Points / potential airdropLighter: Season 3 · 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−0.034%

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 size34.5 / 8.1 bp
At $10k entering Phemex costs 34.5 bp, fee and slippage, 4.2× Lighter’s.
Note: Margin at max leverage$500 + $2,000
Phemex 20x, Lighter 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: −$0.12Long Phemex: 3 payments, −$3.00; short Lighter: 24 payments, +$2.88.
Note: Gap at its usual level−0.034% vs −0.029%
The price leg adds little either way.
Watch: Short leg is thinner$301K vs $1.3M OI
Lighter sets your exit cost. Check its book before closing.
OK: Points on a legLighter Season 3
Volume here counts toward the points program.
Watch: KYCPhemex Yes · Lighter 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−0.0007%/8h × 21 periods−$1.49

Price spread−0.034% → −0.029% (7d avg)−$0.51

Slippage, 4 orderslive order books−$91.16

Fee Phemex bp × 2 orders−$12.00

Fee Lighter bp × 2 orders$0.00

Net · 7 days · $10k−$105.16

Costs to cover1.032%Break-evennever at this rate

Slippage: Phemex: live order book, 1 min ago; Lighter: live order book, 32 min ago

Cost to enter

taker + slippage from mid, one side

BUY · LONGPhemex5.4334.5 bp−$35151.3 bp−$1,513doesn’t fitdoesn’t fit

SELL · SHORTLighter3.978.1 bp−$883.5 bp−$835doesn’t fitdoesn’t fit

Closing costs about the same again.

PENDLE news

posts that mention PENDLE, from every exchangeSearch all news →

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