PENDLE

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0550%/8h= +60.3% APRnext payment +$0.69 per $10,000 · paid last 24h +0.004%

Price spread now: Coinbase International against Reya+0.068%7-day average — · you sell dearer than you buy

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

Long on Reya Short on Coinbase International

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 for this trade now. Funding pays +$17 a day on $10k at the current rate, and Coinbase International is 0.068% dearer against Reya than usual: you sell high and buy low: +$7 more if the spread 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	Reya PENDLERUSDPERP	2.4843	0.0042	pay 0.0005% / 1h	11m 00s	$4K	—	15x
Short	Coinbase International PENDLE-PERP-INTX	2.4860	0.0592	get 0.0074% / 1h	11m 00s	$138K	$459K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against Reya. 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 ReyabpFee Coinbase InternationalbpOrdersPrice spread, now +0.068%Rate

Funding earned: $115.58
Price spread: +0.068% → 0.000%: $6.77
Slippage, 4 orders: no order book: not counted
Fee Reya: 3 bp × 2 orders: −$6
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: $106.34
Costs to cover: 0.160%
Break-even: 0.6 days

Slippage unknown: Reya: no order-book sample; Coinbase International: 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 Coinbase International live order book, 7 min ago	10.03 bp	29.4 bp −$29	doesn't fit	doesn't fit	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	−0.3656%	1h	2.4770	−0.295%	$2K	$53K	5.5x	as long as short
Deribit PENDLE_USDC-PERPETUAL	−0.0474%	1h	2.4842	−0.005%	$29K	$10K	10x	as long as short
ApeX Omni PENDLEUSDT	−0.0066%	1h	2.4890	+0.188%	$76K	$239K	50x	as long as short
Extended PENDLE-USD	−0.0008%	1h	2.4821	−0.088%	$164K	$526K	10x	as long as short
Binance PENDLEUSDT	−0.0008%	8h	2.4826	−0.067%	$26.7M	$41.0M	75x	as long as short
MEXC PENDLE_USDT	−0.0003%	8h	2.4828	−0.061%	$16.8M	$2.1M	125x	as long as short
dYdX PENDLE-USD	0.0000%	1h	2.4872	+0.114%	$10K	—	5x	as long as short
Orderly PERP_PENDLE_USDC	+0.0014%	8h	2.4846	+0.011%	$20K	$16K	10x	as long as short
BloFin PENDLE-USDT	+0.0021%	8h	2.4826	−0.069%	$1.3M	$731K	75x	as long as short
Reya PENDLERUSDPERPlong	+0.0042%	1h	2.4843	long leg	$4K	—	15x

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni PENDLE	+0.0062%	8h	2.4872	+0.116%	$550K	$2.0M	—	as long as short
GRVT PENDLE_USDT_Perp	+0.0068%	8h	2.4869	+0.102%	$413K	$1.6M	10x	as long as short
Aevo PENDLE-PERP	+0.0080%	1h	2.4845	+0.007%	$26K	—	3x	as long as short
Lighter PENDLE	+0.0096%	1h	2.4842	−0.005%	$523K	$424K	5x	as long as short
Paradex PENDLE-USD-PERP	+0.0100%	8h	2.4845	+0.006%	$35K	$20K	10x	as long as short
Hyperliquid PENDLE	+0.0100%	1h	2.4868	+0.100%	$12.2M	$6.0M	5x	as long as short
Aster PENDLEUSDT	+0.0100%	8h	2.4865	+0.087%	$44K	$176K	10x	as long as short
Bybit PENDLEUSDT	+0.0100%	8h	2.4818	−0.101%	$15.3M	$11.9M	50x	as long as short
OKX PENDLE-USDT-SWAP	+0.0100%	4h	2.4840	−0.013%	$3.2M	$5.9M	50x	as long as short
Gate PENDLE_USDT	+0.0100%	8h	2.4830	−0.053%	$778K	$1.2M	75x	as long as short
KuCoin PENDLEUSDTM	+0.0100%	8h	2.4839	−0.017%	$887K	$611K	50x	as long as short
Bitget PENDLEUSDT	+0.0100%	8h	2.4826	−0.069%	$3.7M	$2.7M	75x	as long as short
BingX PENDLE-USDT	+0.0100%	8h	2.4827	−0.065%	—	$36.2M	—	as long as short
edgeX PENDLEUSDC	+0.0100%	4h	2.4864	+0.082%	$25K	$395K	10x	as long as short
Polymarket Perps PENDLE-USD	+0.0100%	1h	2.4881	+0.152%	$16K	$20K	5x	as long as short
SunX PENDLE-USDT	+0.0100%	8h	2.4859	+0.064%	$2K	$1.7M	20x	as long as short
GMX PENDLE/USD [PENDLE-USDC]	L +0.0199% / S −0.0256%	1h	2.4867	+0.096%	$5K	—	100x	as long as short
Coinbase International PENDLE-PERP-INTXshort	+0.0592%	1h	2.4860	+0.068%	$138K	$459K	25x
Backpack PENDLE_USDC_PERP	+0.0638%	1h	2.4883	+0.160%	$351K	$475K	15x	as long as short
Kraken Futures PF_PENDLEUSD	+0.0757%	1h	2.4897	+0.217%	$118K	$306K	20x	as long as short