PENDLE

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0492%/8h= +53.9% APRnext payment +$0.61 per $10,000 · paid last 24h +0.068%

Price spread now: Coinbase International against Polymarket Perps+0.196%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Polymarket Perps Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days+0.157%+$16 on $10k

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Both sides work for this trade now. Funding pays +$15 a day on $10k at the current rate, and Coinbase International is 0.196% dearer against Polymarket Perps than usual: you sell high and buy low: +$20 more if the spread goes back to zero (this spread has no 7-day history yet).

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.157% in total (about 8.2% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.61 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Polymarket Perps PENDLE-USD	2.4482	0.0100	pay 0.0013% / 1h	42m 42s	$16K	$7K	5x
Short	Coinbase International PENDLE-PERP-INTX	2.4530	0.0592	get 0.0074% / 1h	42m 42s	$154K	$520K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against Polymarket Perps. 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 Polymarket PerpsbpFee Coinbase InternationalbpOrdersPrice spread, now +0.196%Rate

Funding earned: $103.32
Price spread: +0.196% → 0.000%: $19.61
Slippage, 4 orders: no order book: not counted
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: $104.93
Costs to cover: 0.180%
Break-even: from the start

Slippage unknown: Polymarket Perps: no order-book sample; Coinbase International: 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 Polymarket Perps no order-book sample	—	—	—	—	—
Sell Coinbase International live order book, 5 min ago	12.23 bp	28.2 bp −$28	doesn't fit	doesn't fit	doesn't fit

Polymarket Perps: 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	−0.3926%	1h	2.4240	−0.988%	$2K	$54K	5.5x	as long as short
Gate PENDLE_USDT	−0.0050%	8h	2.4470	−0.049%	$719K	$1.1M	75x	as long as short
Orderly PERP_PENDLE_USDC	−0.0036%	8h	2.4458	−0.098%	$19K	$15K	10x	as long as short
Extended PENDLE-USD	−0.0008%	1h	2.4440	−0.173%	$158K	$579K	10x	as long as short
MEXC PENDLE_USDT	−0.0008%	8h	2.4452	−0.123%	$17.3M	$2.0M	125x	as long as short
Binance PENDLEUSDT	−0.0007%	8h	2.4458	−0.099%	$25.8M	$44.2M	75x	as long as short
dYdX PENDLE-USD	0.0000%	1h	2.4505	+0.094%	$10K	—	5x	as long as short
Deribit PENDLE_USDC-PERPETUAL	0.0000%	1h	2.4461	−0.086%	$24K	$15K	10x	as long as short
BloFin PENDLE-USDT	+0.0011%	8h	2.4458	−0.098%	$1.1M	$600K	75x	as long as short
ApeX Omni PENDLEUSDT	+0.0068%	1h	2.4489	+0.029%	$74K	$233K	50x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Reya PENDLERUSDPERP	+0.0073%	1h	2.4457	−0.101%	$3K	—	15x	as long as short
Aevo PENDLE-PERP	+0.0080%	1h	2.4452	−0.123%	$26K	—	3x	as long as short
Aster PENDLEUSDT	+0.0090%	8h	2.4468	−0.058%	$46K	$171K	10x	as long as short
GRVT PENDLE_USDT_Perp	+0.0094%	8h	2.4470	−0.049%	$405K	$2.1M	10x	as long as short
Lighter PENDLE	+0.0096%	1h	2.4470	−0.049%	$516K	$415K	5x	as long as short
Paradex PENDLE-USD-PERP	+0.0100%	8h	2.4425	−0.234%	$34K	$9K	10x	as long as short
Hyperliquid PENDLE	+0.0100%	1h	2.4494	+0.049%	$12.6M	$6.1M	5x	as long as short
Bybit PENDLEUSDT	+0.0100%	8h	2.4440	−0.172%	$14.3M	$12.1M	50x	as long as short
OKX PENDLE-USDT-SWAP	+0.0100%	4h	2.4470	−0.049%	$3.1M	$6.4M	50x	as long as short
KuCoin PENDLEUSDTM	+0.0100%	8h	2.4486	+0.016%	$862K	$555K	50x	as long as short
Bitget PENDLEUSDT	+0.0100%	8h	2.4457	−0.102%	$3.6M	$2.3M	75x	as long as short
BingX PENDLE-USDT	+0.0100%	8h	2.4465	−0.069%	—	$8.4M	—	as long as short
Variational Omni PENDLE	+0.0100%	8h	2.4451	−0.128%	$549K	$1.4M	—	as long as short
edgeX PENDLEUSDC	+0.0100%	4h	2.4469	−0.055%	$24K	$376K	10x	as long as short
Polymarket Perps PENDLE-USDlong	+0.0100%	1h	2.4482	long leg	$16K	$7K	5x
SunX PENDLE-USDT	+0.0100%	8h	2.4467	−0.061%	$2K	$1.8M	20x	as long as short
GMX PENDLE/USD [PENDLE-USDC]	L +0.0196% / S −0.0222%	1h	2.4457	−0.104%	$5K	—	100x	as long as short
Backpack PENDLE_USDC_PERP	+0.0552%	1h	2.4505	+0.094%	$354K	$402K	15x	as long as short
Coinbase International PENDLE-PERP-INTXshort	+0.0592%	1h	2.4530	+0.196%	$154K	$520K	25x
Kraken Futures PF_PENDLEUSD	+0.1190%	1h	2.4521	+0.159%	$115K	$263K	20x	as long as short