PENDLE

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0036%/8h= −3.9% APRnext payment −$0.04 per $10,000 · paid last 24h −0.025%

Price spread now: Reya against Polymarket Perps−0.056%7-day average — · you buy dearer than you sell

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

Long on Polymarket Perps Short on Reya

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

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

Together, before fees—+ Points / potential airdropReya: Active · farm boardneeds both histories

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Reya is 0.056% cheaper against Polymarket Perps than usual: you would sell low and buy high (−$6 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Polymarket Perps PENDLE-USD	2.4722	0.0100	pay 0.0013% / 1h	28m 24s	$16K	$8K	5x
Short	Reya PENDLERUSDPERP	2.4708	0.0064	get 0.0008% / 1h	28m 24s	$3K	—	15x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Reya 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 ReyabpOrdersPrice spread, now −0.056%Rate

Funding earned: −$7.48
Price spread: −0.056% → 0.000%: −$5.57
Slippage, 4 orders: no order book: not counted
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee Reya: 3 bp × 2 orders: −$6
Net: −$27.06
Costs to cover: 0.140%
Break-even: never at this rate

Slippage unknown: Polymarket Perps: no order-book sample; Reya: 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 Reya no order-book sample	—	—	—	—	—

Polymarket Perps and Reya: 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	−0.4334%	1h	2.4340	−1.545%	$2K	$54K	5.5x	as long as short
Deribit PENDLE_USDC-PERPETUAL	−0.0195%	1h	2.4682	−0.162%	$25K	$14K	10x	as long as short
Extended PENDLE-USD	−0.0048%	1h	2.4693	−0.116%	$159K	$574K	10x	as long as short
Binance PENDLEUSDT	−0.0044%	8h	2.4686	−0.144%	$26.2M	$43.8M	75x	as long as short
Gate PENDLE_USDT	−0.0044%	8h	2.4710	−0.049%	$721K	$1.1M	75x	as long as short
MEXC PENDLE_USDT	−0.0044%	8h	2.4704	−0.073%	$17.3M	$2.0M	125x	as long as short
Orderly PERP_PENDLE_USDC	−0.0036%	8h	2.4683	−0.158%	$19K	$15K	10x	as long as short
BloFin PENDLE-USDT	−0.0036%	8h	2.4726	+0.016%	$1.2M	$631K	75x	as long as short
Aster PENDLEUSDT	−0.0024%	8h	2.4735	+0.051%	$47K	$179K	10x	as long as short
dYdX PENDLE-USD	0.0000%	1h	2.4740	+0.074%	$10K	—	5x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni PENDLE	+0.0049%	8h	2.4696	−0.106%	$554K	$1.5M	—	as long as short
Reya PENDLERUSDPERPshort	+0.0064%	1h	2.4708	−0.056%	$3K	—	15x
Aevo PENDLE-PERP	+0.0072%	1h	2.4683	−0.158%	$26K	—	3x	as long as short
Lighter PENDLE	+0.0096%	1h	2.4711	−0.044%	$518K	$424K	5x	as long as short
Paradex PENDLE-USD-PERP	+0.0100%	8h	2.4700	−0.091%	$35K	$13K	10x	as long as short
Bybit PENDLEUSDT	+0.0100%	8h	2.4684	−0.154%	$14.6M	$12.1M	50x	as long as short
OKX PENDLE-USDT-SWAP	+0.0100%	4h	2.4690	−0.129%	$3.1M	$6.1M	50x	as long as short
KuCoin PENDLEUSDTM	+0.0100%	8h	2.4757	+0.142%	$870K	$581K	50x	as long as short
Bitget PENDLEUSDT	+0.0100%	8h	2.4692	−0.121%	$3.7M	$2.3M	75x	as long as short
BingX PENDLE-USDT	+0.0100%	8h	2.4717	−0.020%	—	$8.6M	—	as long as short
edgeX PENDLEUSDC	+0.0100%	4h	2.4713	−0.037%	$24K	$378K	10x	as long as short
GRVT PENDLE_USDT_Perp	+0.0100%	8h	2.4727	+0.020%	$414K	$1.9M	10x	as long as short
ApeX Omni PENDLEUSDT	+0.0100%	1h	2.4713	−0.036%	$75K	$235K	50x	as long as short
Polymarket Perps PENDLE-USDlong	+0.0100%	1h	2.4722	long leg	$16K	$8K	5x
SunX PENDLE-USDT	+0.0100%	8h	2.4698	−0.097%	$2K	$1.8M	20x	as long as short
GMX PENDLE/USD [PENDLE-USDC]	L +0.0196% / S −0.0222%	1h	2.4697	−0.101%	$5K	—	100x	as long as short
Hyperliquid PENDLE	+0.0433%	1h	2.4749	+0.109%	$12.8M	$6.0M	5x	as long as short
Coinbase International PENDLE-PERP-INTX	+0.0608%	1h	2.4820	+0.396%	$148K	$497K	25x	as long as short
Backpack PENDLE_USDC_PERP	+0.0736%	1h	2.4756	+0.138%	$358K	$469K	15x	as long as short
Kraken Futures PF_PENDLEUSD	+0.1172%	1h	2.4803	+0.328%	$115K	$269K	20x	as long as short