Funding you earn now, next payment 22:00 UTC+0.0003%/8h= +0.4% APRpaid last 24h +0.034%
Price spread now: Binance against Reya−0.011%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Reya PENDLERUSDPERP | 2.5192 | 0.0034 | pay 0.0004% / 1h | 49m 22s | $4K | — | 15x |
| Short | Binance PENDLEUSDT | 2.5189 | 0.0037 | get 0.0037% / 8h | 2h 49m | $27.5M | $39.0M | 75x |
Reya PENDLERUSDPERP
Binance PENDLEUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against Reya. 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
- $0.71
- Price spread: −0.011% → 0.000%
- −$1.15
- Slippage, 4 orders
- no order book: not counted
- Fee Reya: 3 bp × 2 orders
- −$6
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$16.43
- Costs to cover
- 0.160%
- Break-even
- 168.5 days
Slippage unknown: Reya: no order-book sample; Binance: live order book, 7 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 Reya no order-book sample | — | — | — | — | — |
| Sell Binance live order book, 7 min ago | 0.60 bp | 11.6 bp −$12 | 28.6 bp −$286 | 116.0 bp −$11.6K | doesn't fit |
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 | −0.4806% | 1h | 2.4860 | −1.317% | $2K | $7K | 5.5x | as long as short |
| Kraken Futures PF_PENDLEUSD | −0.0430% | 1h | 2.5179 | −0.053% | $145K | $274K | 20x | as long as short |
| ApeX Omni PENDLEUSDT | −0.0001% | 1h | 2.5150 | −0.166% | $77K | $239K | 50x | as long as short |
| dYdX PENDLE-USD | 0.0000% | 1h | 2.5188 | −0.013% | $11K | — | 5x | as long as short |
| Deribit PENDLE_USDC-PERPETUAL | 0.0000% | 1h | 2.5203 | +0.044% | $30K | $10K | 10x | as long as short |
| Variational Omni PENDLE | +0.0011% | 8h | 2.5135 | −0.225% | $608K | $2.3M | — | as long as short |
| Reya PENDLERUSDPERPlong | +0.0034% | 1h | 2.5192 | long leg | $4K | — | 15x | |
| MEXC PENDLE_USDT | +0.0035% | 8h | 2.5184 | −0.031% | $16.9M | $2.2M | 125x | as long as short |
| Orderly PERP_PENDLE_USDC | +0.0035% | 8h | 2.5195 | +0.012% | $23K | $8K | 10x | as long as short |
| Binance PENDLEUSDTshort | +0.0037% | 8h | 2.5189 | −0.011% | $27.5M | $39.0M | 75x |
Injective PENDLE/USDC PERP
Kraken Futures PF_PENDLEUSD
ApeX Omni PENDLEUSDT
dYdX PENDLE-USD
Deribit PENDLE_USDC-PERPETUAL
Variational Omni PENDLE
MEXC PENDLE_USDT
Orderly PERP_PENDLE_USDCShow all 30 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Extended PENDLE-USD | +0.0040% | 1h | 2.5179 | −0.053% | $165K | $524K | 10x | as long as short |
| BloFin PENDLE-USDT | +0.0065% | 8h | 2.5181 | −0.043% | $1.3M | $784K | 75x | as long as short |
| Aster PENDLEUSDT | +0.0085% | 8h | 2.5200 | +0.033% | $41K | $177K | 10x | as long as short |
| Aevo PENDLE-PERP | +0.0088% | 1h | 2.5194 | +0.006% | $26K | — | 3x | as long as short |
| Lighter PENDLE | +0.0096% | 1h | 2.5191 | −0.004% | $552K | $376K | 5x | as long as short |
| Paradex PENDLE-USD-PERP | +0.0100% | 8h | 2.5182 | −0.040% | $35K | $22K | 10x | as long as short |
| Hyperliquid PENDLE | +0.0100% | 1h | 2.5221 | +0.116% | $12.4M | $5.6M | 5x | as long as short |
| Bybit PENDLEUSDT | +0.0100% | 8h | 2.5181 | −0.043% | $15.6M | $12.2M | 50x | as long as short |
| OKX PENDLE-USDT-SWAP | +0.0100% | 4h | 2.5210 | +0.072% | $3.2M | $5.6M | 50x | as long as short |
| Gate PENDLE_USDT | +0.0100% | 8h | 2.5190 | −0.007% | $847K | $1.1M | 75x | as long as short |
| KuCoin PENDLEUSDTM | +0.0100% | 8h | 2.5201 | +0.036% | $908K | $607K | 50x | as long as short |
| Bitget PENDLEUSDT | +0.0100% | 8h | 2.5168 | −0.095% | $3.7M | $2.6M | 75x | as long as short |
| BingX PENDLE-USDT | +0.0100% | 8h | 2.5190 | −0.007% | — | $36.4M | — | as long as short |
| edgeX PENDLEUSDC | +0.0100% | 4h | 2.5188 | −0.014% | $25K | $412K | 10x | as long as short |
| GRVT PENDLE_USDT_Perp | +0.0100% | 8h | 2.5164 | −0.112% | $415K | $1.6M | 10x | as long as short |
| Polymarket Perps PENDLE-USD | +0.0100% | 1h | 2.5214 | +0.088% | $16K | $19K | 5x | as long as short |
| SunX PENDLE-USDT | +0.0100% | 8h | 2.5206 | +0.056% | $2K | $1.7M | 20x | as long as short |
| GMX PENDLE/USD [PENDLE-USDC] | L +0.0200% / S −0.0277% | 1h | 2.5199 | +0.030% | $5K | — | 100x | as long as short |
| Coinbase International PENDLE-PERP-INTX | +0.0560% | 1h | 2.5260 | +0.270% | $118K | $440K | 25x | as long as short |
| Backpack PENDLE_USDC_PERP | +0.0843% | 1h | 2.5241 | +0.195% | $365K | $466K | 15x | as long as short |
Extended PENDLE-USD
BloFin PENDLE-USDT
Aster 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
Polymarket Perps PENDLE-USD
SunX PENDLE-USDT
GMX PENDLE/USD [PENDLE-USDC]
Coinbase International PENDLE-PERP-INTX
Backpack PENDLE_USDC_PERP