PENDLE

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.1412%/8h= +154.6% APRnext payment +$1.76 per $10,000 · paid last 24h +0.289%

Price spread now: Kraken Futures against Polymarket Perps+0.054%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 Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 7 days+0.392%+$39 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 +$42 a day on $10k at the current rate, and Kraken Futures is 0.054% dearer against Polymarket Perps than usual: you sell high and buy low: +$5 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 0.392% in total (about 20.4% a year). A funding rate is set anew for every payment; at this rate the next one is about +$1.76 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	2.4509	0.0100	pay 0.0013% / 1h	42m 50s	$16K	$4K	5x
Short	Kraken Futures PF_PENDLEUSD	2.4522	0.1512	get 0.0189% / 1h	42m 50s	$117K	$261K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures 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 Kraken FuturesbpOrdersPrice spread, now +0.054%Rate

Funding earned: $296.5
Price spread: +0.054% → 0.000%: $5.42
Slippage, 4 orders: no order book: not counted
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: $283.93
Costs to cover: 0.180%
Break-even: 0.3 days

Slippage unknown: Polymarket Perps: no order-book sample; Kraken Futures: live order book, 60 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 Kraken Futures live order book, 60 min ago	16.33 bp	33.7 bp −$34	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	−0.4810%	1h	2.4240	−1.098%	$2K	$54K	5.5x	as long as short
Deribit PENDLE_USDC-PERPETUAL	−0.0608%	1h	2.4463	−0.188%	$25K	$16K	10x	as long as short
Orderly PERP_PENDLE_USDC	−0.0019%	8h	2.4456	−0.216%	$19K	$15K	10x	as long as short
dYdX PENDLE-USD	0.0000%	1h	2.4477	−0.132%	$10K	—	5x	as long as short
BloFin PENDLE-USDT	+0.0010%	8h	2.4451	−0.237%	$1.1M	$478K	75x	as long as short
MEXC PENDLE_USDT	+0.0021%	8h	2.4433	−0.310%	$17.5M	$2.0M	125x	as long as short
Binance PENDLEUSDT	+0.0022%	8h	2.4430	−0.322%	$25.8M	$45.5M	75x	as long as short
Extended PENDLE-USD	+0.0024%	1h	2.4427	−0.336%	$158K	$889K	10x	as long as short
Gate PENDLE_USDT	+0.0070%	8h	2.4440	−0.282%	$767K	$1.0M	75x	as long as short
Reya PENDLERUSDPERP	+0.0082%	1h	2.4476	−0.134%	$3K	—	15x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aevo PENDLE-PERP	+0.0088%	1h	2.4460	−0.198%	$26K	—	3x	as long as short
GRVT PENDLE_USDT_Perp	+0.0094%	8h	2.4468	−0.167%	$415K	$2.4M	10x	as long as short
Lighter PENDLE	+0.0096%	1h	2.4463	−0.188%	$520K	$407K	5x	as long as short
Paradex PENDLE-USD-PERP	+0.0100%	8h	2.4467	−0.170%	$34K	$5K	10x	as long as short
Hyperliquid PENDLE	+0.0100%	1h	2.4482	−0.112%	$12.7M	$6.1M	5x	as long as short
Aster PENDLEUSDT	+0.0100%	8h	2.4456	−0.216%	$48K	$170K	10x	as long as short
Bybit PENDLEUSDT	+0.0100%	8h	2.4420	−0.363%	$14.2M	$12.3M	50x	as long as short
OKX PENDLE-USDT-SWAP	+0.0100%	4h	2.4450	−0.241%	$3.1M	$6.7M	50x	as long as short
KuCoin PENDLEUSDTM	+0.0100%	8h	2.4477	−0.131%	$870K	$548K	50x	as long as short
Bitget PENDLEUSDT	+0.0100%	8h	2.4443	−0.269%	$3.8M	$2.4M	75x	as long as short
BingX PENDLE-USDT	+0.0100%	8h	2.4441	−0.277%	—	$8.2M	—	as long as short
Variational Omni PENDLE	+0.0100%	8h	2.4465	−0.179%	$595K	$1.4M	—	as long as short
edgeX PENDLEUSDC	+0.0100%	4h	2.4497	−0.049%	$24K	$371K	10x	as long as short
ApeX Omni PENDLEUSDT	+0.0100%	1h	2.4476	−0.135%	$74K	$232K	50x	as long as short
Polymarket Perps PENDLE-USDlong	+0.0100%	1h	2.4509	long leg	$16K	$4K	5x
SunX PENDLE-USDT	+0.0100%	8h	2.4488	−0.086%	$2K	$1.8M	20x	as long as short
GMX PENDLE/USD [PENDLE-USDC]	L +0.0196% / S −0.0222%	1h	2.4476	−0.135%	$5K	—	100x	as long as short
Coinbase International PENDLE-PERP-INTX	+0.0672%	1h	2.4590	+0.330%	$158K	$508K	25x	as long as short
Backpack PENDLE_USDC_PERP	+0.0817%	1h	2.4515	+0.024%	$350K	$434K	15x	as long as short
Kraken Futures PF_PENDLEUSDshort	+0.1512%	1h	2.4522	+0.054%	$117K	$261K	20x