Funding you earn now, next payment 22:00 UTC−0.0004%/8h= −0.4% APRnext payment −$0.01 per $10,000 · paid last 24h +0.002%
Price spread now: Lighter against Polymarket Perps+0.119%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.126%+$13 on $10k
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—+ Points / potential airdropLighter: Season 3 · farm boardneeds both histories
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Lighter is 0.119% dearer against Polymarket Perps than usual: you sell high and buy low, +$12 on $10k if it goes back to zero (this spread has no 7-day history yet).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Polymarket Perps PENDLE-USD | 2.5150 | 0.0100 | pay 0.0013% / 1h | 54m 07s | $16K | $19K | 5x |
| Short | Lighter PENDLE | 2.5180 | 0.0096 | get 0.0012% / 1h | 54m 07s | $551K | $375K | 5x |
Polymarket Perps PENDLE-USD
Lighter PENDLEFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter 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
- −$0.84
- Price spread: +0.119% → 0.000%
- $11.93
- Slippage, 4 orders
- no order book: not counted
- Fee Polymarket Perps: 4 bp × 2 orders
- −$8
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- $3.09
- Costs to cover
- 0.080%
- Break-even
- from the start
Slippage unknown: Polymarket Perps: no order-book sample; Lighter: live order book, 30 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 Lighter live order book, 30 min ago | 8.07 bp | 12.6 bp −$13 | 85.1 bp −$851 | 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 | −0.4806% | 1h | 2.4860 | −1.153% | $2K | $7K | 5.5x | as long as short |
| Kraken Futures PF_PENDLEUSD | −0.0430% | 1h | 2.5193 | +0.170% | $159K | $259K | 20x | as long as short |
| Deribit PENDLE_USDC-PERPETUAL | −0.0068% | 1h | 2.5166 | +0.064% | $30K | $10K | 10x | as long as short |
| dYdX PENDLE-USD | 0.0000% | 1h | 2.5214 | +0.256% | $11K | — | 5x | as long as short |
| Variational Omni PENDLE | +0.0010% | 8h | 2.5125 | −0.100% | $607K | $2.3M | — | as long as short |
| BloFin PENDLE-USDT | +0.0018% | 8h | 2.5219 | +0.274% | $1.3M | $800K | 75x | as long as short |
| Extended PENDLE-USD | +0.0032% | 1h | 2.5162 | +0.048% | $165K | $524K | 10x | as long as short |
| Reya PENDLERUSDPERP | +0.0033% | 1h | 2.5143 | −0.026% | $4K | — | 15x | as long as short |
| Orderly PERP_PENDLE_USDC | +0.0035% | 8h | 2.5174 | +0.095% | $23K | $8K | 10x | as long as short |
| MEXC PENDLE_USDT | +0.0035% | 8h | 2.5193 | +0.171% | $16.9M | $2.2M | 125x | as long as short |
Injective PENDLE/USDC PERP
Kraken Futures PF_PENDLEUSD
Deribit PENDLE_USDC-PERPETUAL
dYdX PENDLE-USD
Variational Omni PENDLE
BloFin PENDLE-USDT
Extended PENDLE-USD
Reya PENDLERUSDPERP
Orderly PERP_PENDLE_USDC
MEXC PENDLE_USDTShow all 30 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance PENDLEUSDT | +0.0036% | 8h | 2.5195 | +0.180% | $27.5M | $38.9M | 75x | as long as short |
| Aster PENDLEUSDT | +0.0076% | 8h | 2.5142 | −0.033% | $41K | $177K | 10x | as long as short |
| Aevo PENDLE-PERP | +0.0088% | 1h | 2.5163 | +0.052% | $26K | — | 3x | as long as short |
| Lighter PENDLEshort | +0.0096% | 1h | 2.5180 | +0.119% | $551K | $375K | 5x | |
| Paradex PENDLE-USD-PERP | +0.0100% | 8h | 2.5159 | +0.036% | $35K | $22K | 10x | as long as short |
| Hyperliquid PENDLE | +0.0100% | 1h | 2.5225 | +0.298% | $12.5M | $5.5M | 5x | as long as short |
| Bybit PENDLEUSDT | +0.0100% | 8h | 2.5180 | +0.119% | $15.6M | $12.3M | 50x | as long as short |
| OKX PENDLE-USDT-SWAP | +0.0100% | 4h | 2.5190 | +0.159% | $3.3M | $5.6M | 50x | as long as short |
| Gate PENDLE_USDT | +0.0100% | 8h | 2.5170 | +0.080% | $850K | $1.1M | 75x | as long as short |
| KuCoin PENDLEUSDTM | +0.0100% | 8h | 2.5153 | +0.012% | $909K | $605K | 50x | as long as short |
| Bitget PENDLEUSDT | +0.0100% | 8h | 2.5183 | +0.131% | $3.8M | $2.6M | 75x | as long as short |
| BingX PENDLE-USDT | +0.0100% | 8h | 2.5188 | +0.151% | — | $36.4M | — | as long as short |
| edgeX PENDLEUSDC | +0.0100% | 4h | 2.5141 | −0.037% | $25K | $411K | 10x | as long as short |
| GRVT PENDLE_USDT_Perp | +0.0100% | 8h | 2.5138 | −0.048% | $427K | $1.6M | 10x | as long as short |
| ApeX Omni PENDLEUSDT | +0.0100% | 1h | 2.5100 | −0.199% | $77K | $239K | 50x | as long as short |
| Polymarket Perps PENDLE-USDlong | +0.0100% | 1h | 2.5150 | long leg | $16K | $19K | 5x | |
| SunX PENDLE-USDT | +0.0100% | 8h | 2.5199 | +0.195% | $2K | $1.7M | 20x | as long as short |
| GMX PENDLE/USD [PENDLE-USDC] | L +0.0200% / S −0.0277% | 1h | 2.5173 | +0.090% | $5K | — | 100x | as long as short |
| Coinbase International PENDLE-PERP-INTX | +0.0560% | 1h | 2.5240 | +0.358% | $118K | $438K | 25x | as long as short |
| Backpack PENDLE_USDC_PERP | +0.0764% | 1h | 2.5251 | +0.402% | $366K | $466K | 15x | as long as short |
Binance PENDLEUSDT
Aster PENDLEUSDT
Aevo PENDLE-PERP
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
ApeX Omni PENDLEUSDT
SunX PENDLE-USDT
GMX PENDLE/USD [PENDLE-USDC]
Coinbase International PENDLE-PERP-INTX
Backpack PENDLE_USDC_PERP