PENDLE

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0051%/8h= −5.6% APRnext payment −$0.06 per $10,000 · paid last 24h +0.002%

Price spread now: dYdX against Reya+0.086%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 dYdX

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

The price spread pays, funding is against you. dYdX is 0.086% dearer against Reya than usual: you sell high and buy low (spread +0.086% now, against zero (this spread has no 7-day history yet)): +$9 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 5.6 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Reya PENDLERUSDPERP	2.5354	0.0051	pay 0.0006% / 1h	12m 00s	$4K	—	15x
Short	dYdX PENDLE-USD	2.5376	0	get 0.0000% / 1h	12m 00s	$11K	—	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

dYdX 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 dYdXbpOrdersPrice spread, now +0.086%Rate

Funding earned: −$10.75
Price spread: +0.086% → 0.000%: $8.6
Slippage, 4 orders: no order book: not counted
Fee Reya: 3 bp × 2 orders: −$6
Fee dYdX: 5 bp × 2 orders: −$10
Net: −$18.15
Costs to cover: 0.160%
Break-even: never at this rate

Slippage unknown: Reya: no order-book sample; dYdX: 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 Reya no order-book sample	—	—	—	—	—
Sell dYdX no order-book sample	—	—	—	—	—

Reya and dYdX: 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	−0.4643%	1h	2.5030	−1.278%	$2K	$54K	5.5x	as long as short
Deribit PENDLE_USDC-PERPETUAL	−0.0223%	1h	2.5371	+0.066%	$26K	$14K	10x	as long as short
Bybit PENDLEUSDT	−0.0194%	8h	2.5350	−0.016%	$15.6M	$11.9M	50x	as long as short
GRVT PENDLE_USDT_Perp	−0.0162%	8h	2.5294	−0.238%	$418K	$1.7M	10x	as long as short
BloFin PENDLE-USDT	−0.0114%	8h	2.5346	−0.032%	$1.3M	$672K	75x	as long as short
MEXC PENDLE_USDT	−0.0100%	8h	2.5340	−0.056%	$17.1M	$1.9M	125x	as long as short
Binance PENDLEUSDT	−0.0098%	8h	2.5355	+0.003%	$27.4M	$42.7M	75x	as long as short
Extended PENDLE-USD	−0.0096%	1h	2.5325	−0.115%	$165K	$565K	10x	as long as short
ApeX Omni PENDLEUSDT	−0.0076%	1h	2.5345	−0.036%	$77K	$238K	50x	as long as short
Orderly PERP_PENDLE_USDC	−0.0024%	8h	2.5365	+0.043%	$20K	$16K	10x	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	−0.0013%	8h	2.5261	−0.367%	$609K	$1.8M	—	as long as short
dYdX PENDLE-USDshort	0.0000%	1h	2.5376	+0.086%	$11K	—	5x
Aster PENDLEUSDT	+0.0043%	8h	2.5363	+0.034%	$48K	$173K	10x	as long as short
Reya PENDLERUSDPERPlong	+0.0051%	1h	2.5354	long leg	$4K	—	15x
Aevo PENDLE-PERP	+0.0056%	1h	2.5358	+0.017%	$27K	—	3x	as long as short
Gate PENDLE_USDT	+0.0062%	8h	2.5360	+0.023%	$789K	$1.2M	75x	as long as short
Lighter PENDLE	+0.0096%	1h	2.5361	+0.027%	$539K	$418K	5x	as long as short
Paradex PENDLE-USD-PERP	+0.0100%	8h	2.5353	−0.003%	$35K	$18K	10x	as long as short
OKX PENDLE-USDT-SWAP	+0.0100%	4h	2.5350	−0.016%	$3.2M	$6.0M	50x	as long as short
KuCoin PENDLEUSDTM	+0.0100%	8h	2.5354	−0.001%	$887K	$588K	50x	as long as short
Bitget PENDLEUSDT	+0.0100%	8h	2.5326	−0.111%	$3.9M	$2.5M	75x	as long as short
BingX PENDLE-USDT	+0.0100%	8h	2.5345	−0.036%	—	$35.7M	—	as long as short
edgeX PENDLEUSDC	+0.0100%	4h	2.5317	−0.145%	$25K	$383K	10x	as long as short
Polymarket Perps PENDLE-USD	+0.0100%	1h	2.5369	+0.059%	$16K	$20K	5x	as long as short
SunX PENDLE-USDT	+0.0100%	8h	2.5364	+0.039%	$2K	$1.8M	20x	as long as short
GMX PENDLE/USD [PENDLE-USDC]	L +0.0203% / S −0.0382%	1h	2.5375	+0.083%	$7K	—	100x	as long as short
Hyperliquid PENDLE	+0.0351%	1h	2.5408	+0.212%	$13.1M	$6.4M	5x	as long as short
Kraken Futures PF_PENDLEUSD	+0.0612%	1h	2.5427	+0.287%	$118K	$292K	20x	as long as short
Coinbase International PENDLE-PERP-INTX	+0.0728%	1h	2.5400	+0.181%	$143K	$462K	25x	as long as short
Backpack PENDLE_USDC_PERP	+0.0881%	1h	2.5396	+0.165%	$356K	$488K	15x	as long as short