Funding you earn now, next payment 22:00 UTC−0.0168%/8h= −18.3% APRnext payment −$0.21 per $10,000 · paid last 24h −0.047%
Price spread now: Deribit against Polymarket Perps−0.032%48s7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 5 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Both sides work against this trade now: funding costs −$5 a day on $10k at the current rate, and Deribit is 0.032% cheaper against Polymarket Perps than usual: you would sell low and buy high (−$3 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 48 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Polymarket Perps PENDLE-USD | 2.5193 | 0.0100 | pay 0.0013% / 1h | 57m 38s | $16K | $19K | 5x |
| Short | Deribit PENDLE_USDC-PERPETUAL | 2.5185 | −0.0068 | pay 0.0008% / 1h | 57m 38s | $30K | $11K | 10x |
Polymarket Perps PENDLE-USD
Deribit PENDLE_USDC-PERPETUALFunding history
latest
Range statsloading…
Price spread between the two exchanges
Deribit 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 itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$35.19
- Price spread: −0.032% → 0.000%
- −$3.18
- Slippage, 4 orders
- no order book: not counted
- Fee Polymarket Perps: 4 bp × 2 orders
- −$8
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- −$53.36
- Costs to cover
- 0.150%
- Break-even
- never at this rate
Slippage unknown: Polymarket Perps: no order-book sample; Deribit: 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 Polymarket Perps no order-book sample | — | — | — | — | — |
| Sell Deribit no order-book sample | — | — | — | — | — |
Polymarket Perps and Deribit: 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 | −0.4806% | 1h | 2.5340 | +0.583% | $2K | $7K | 5.5x | as long as short |
| Kraken Futures PF_PENDLEUSD | −0.0430% | 1h | 2.5177 | −0.064% | $159K | $254K | 20x | as long as short |
| Deribit PENDLE_USDC-PERPETUALshort | −0.0068% | 1h | 2.5185 | −0.032% | $30K | $11K | 10x | |
| dYdX PENDLE-USD | 0.0000% | 1h | 2.5210 | +0.067% | $11K | — | 5x | as long as short |
| Variational Omni PENDLE | +0.0009% | 8h | 2.5225 | +0.129% | $612K | $2.3M | — | as long as short |
| Reya PENDLERUSDPERP | +0.0033% | 1h | 2.5109 | −0.334% | $4K | — | 15x | as long as short |
| Orderly PERP_PENDLE_USDC | +0.0035% | 8h | 2.5193 | 0.000% | $23K | $8K | 10x | as long as short |
| MEXC PENDLE_USDT | +0.0037% | 8h | 2.5161 | −0.127% | $16.9M | $2.2M | 125x | as long as short |
| Binance PENDLEUSDT | +0.0038% | 8h | 2.5162 | −0.123% | $27.5M | $38.6M | 75x | as long as short |
| Extended PENDLE-USD | +0.0040% | 1h | 2.5160 | −0.129% | $166K | $524K | 10x | as long as short |
Injective PENDLE/USDC PERP
Kraken Futures PF_PENDLEUSD
dYdX PENDLE-USD
Variational Omni PENDLE
Reya PENDLERUSDPERP
Orderly PERP_PENDLE_USDC
MEXC PENDLE_USDT
Binance PENDLEUSDT
Extended PENDLE-USDShow all 30 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BloFin PENDLE-USDT | +0.0054% | 8h | 2.5226 | +0.131% | $1.3M | $797K | 75x | as long as short |
| Aster PENDLEUSDT | +0.0067% | 8h | 2.5194 | +0.004% | $41K | $176K | 10x | as long as short |
| ApeX Omni PENDLEUSDT | +0.0073% | 1h | 2.5241 | +0.191% | $77K | $239K | 50x | as long as short |
| Aevo PENDLE-PERP | +0.0088% | 1h | 2.5189 | −0.017% | $26K | — | 3x | as long as short |
| Lighter PENDLE | +0.0096% | 1h | 2.5168 | −0.099% | $551K | $375K | 5x | as long as short |
| Paradex PENDLE-USD-PERP | +0.0100% | 8h | 2.5156 | −0.146% | $35K | $22K | 10x | as long as short |
| Hyperliquid PENDLE | +0.0100% | 1h | 2.5217 | +0.095% | $12.5M | $5.5M | 5x | as long as short |
| Bybit PENDLEUSDT | +0.0100% | 8h | 2.5098 | −0.377% | $15.5M | $12.3M | 50x | as long as short |
| OKX PENDLE-USDT-SWAP | +0.0100% | 4h | 2.5130 | −0.250% | $3.3M | $5.6M | 50x | as long as short |
| Gate PENDLE_USDT | +0.0100% | 8h | 2.5180 | −0.052% | $851K | $1.1M | 75x | as long as short |
| KuCoin PENDLEUSDTM | +0.0100% | 8h | 2.5193 | 0.000% | $913K | $605K | 50x | as long as short |
| Bitget PENDLEUSDT | +0.0100% | 8h | 2.5087 | −0.421% | $3.7M | $2.6M | 75x | as long as short |
| BingX PENDLE-USDT | +0.0100% | 8h | 2.5173 | −0.079% | — | $36.3M | — | as long as short |
| edgeX PENDLEUSDC | +0.0100% | 4h | 2.5237 | +0.175% | $25K | $411K | 10x | as long as short |
| GRVT PENDLE_USDT_Perp | +0.0100% | 8h | 2.5226 | +0.130% | $429K | $1.6M | 10x | as long as short |
| Polymarket Perps PENDLE-USDlong | +0.0100% | 1h | 2.5193 | long leg | $16K | $19K | 5x | |
| SunX PENDLE-USDT | +0.0100% | 8h | 2.5191 | −0.008% | $2K | $1.7M | 20x | as long as short |
| GMX PENDLE/USD [PENDLE-USDC] | L +0.0200% / S −0.0275% | 1h | 2.5192 | −0.003% | $5K | — | 100x | as long as short |
| Coinbase International PENDLE-PERP-INTX | +0.0560% | 1h | 2.5240 | +0.187% | $118K | $438K | 25x | as long as short |
| Backpack PENDLE_USDC_PERP | +0.0562% | 1h | 2.5222 | +0.115% | $363K | $464K | 15x | as long as short |
BloFin PENDLE-USDT
Aster PENDLEUSDT
ApeX Omni PENDLEUSDT
Aevo PENDLE-PERP
Lighter PENDLE
Paradex PENDLE-USD-PERP
Hyperliquid PENDLE
Bybit PENDLEUSDT
OKX PENDLE-USDT-SWAP
Gate PENDLE_USDT
KuCoin PENDLEUSDTM
Bitget PENDLEUSDT
BingX PENDLE-USDT
edgeX PENDLEUSDC
GRVT PENDLE_USDT_Perp
SunX PENDLE-USDT
GMX PENDLE/USD [PENDLE-USDC]
Coinbase International PENDLE-PERP-INTX
Backpack PENDLE_USDC_PERP