PENDLE

Leg	Exchange	Price	Fund. /8h	Each payment	Next in	OI	Vol 24h	Lev
LONG	PhemexPENDLEUSDT	2.3570	+0.0100	pay 0.0100% / 8h	7h 35m	$1.1M	$1.4M	20x	Long Phemex
SHORT	OrderlyPERP_PENDLE_USDC	2.3566	−0.0047	pay 0.0047% / 8h	7h 35m	$19K	$1K	10x	Short Orderly

Price gap−0.017%

Funding gap−0.0147% /8h

Funding costs $4 a day on $10k at the current rate. Swap the legs.

If you open now and hold

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

Funding—−0.0147% /8h now · no funding history yet

Price—spread −0.017% now · no price history on both exchanges yet

Costsno datano order book for Orderly

Result, before costs—no pointsneeds funding history

Funding history

you earnyou payavg

RANGE STATS · 7D

Average /8h—

Highest—

Lowest—

Paid you—

Short leg rate minus long leg rate, per 8h. Above zero: the pair pays you.

Price spread between the two exchanges

Orderly price against Phemexnow

RANGE STATS · 7D

Now−0.017%

Average—

Range—

Wider than now—

Where the spread has been, last 7D

share of time at each level

Funding on every exchange

/8h

PENDLE on 30 exchanges

lowest funding first

Before you open

1 ok · 2 to watch

Note: Order book unknown—
No order-book sample for Orderly: its slippage is not counted.
Note: Margin at max leverage$500 + $1,000
Phemex 20x, Orderly 10x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
OK: Same payment interval8h / 8h
Both legs pay at the same time.
Next 24h at the current rates, on $10k a leg: −$4.41Long Phemex: 3 payments, −$3.00; short Orderly: 3 payments, −$1.41.
Note: No 7-day spread history−0.017%
The gap cannot be compared with its average yet.
Watch: Short leg is thinner$19K vs $1.1M OI
Orderly sets your exit cost. Check its book before closing.
Note: No points program—
Neither exchange runs points right now.
Watch: KYCPhemex Yes · Orderly 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 earnedno history yet: current rate−$30.86

Price spread−0.017% → 0−$1.70

Slippage, 4 ordersno data for Orderly—

Fee Phemex bp × 2 orders−$12.00

Fee Orderly bp × 2 orders−$6.00

Net, fees only · 7 days · $10k−$50.55

Costs to cover0.180%Break-evennever at this rate

Slippage: Phemex: live order book, 2 min ago; Orderly: no order-book sample

Cost to enter

taker + slippage from mid, one side

BUY · LONGPhemex3.6038.0 bp−$38doesn’t fitdoesn’t fitdoesn’t fit

SELL · SHORTOrderly—————

Closing costs about the same again.
Orderly: no data.

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