Funding you earn now, next payment 01:00 UTC−0.0147%/8h= −16.1% APRnext payment −$0.18 per $10,000 · paid last 24h +0.026%
Price spread now: Extended against Reya−0.087%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
=Together, before fees—+ Points / potential airdropReya: Active · Extended: Active · farm boardneeds both histories
Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and Extended is 0.087% cheaper against Reya than usual: you would sell low and buy high (−$9 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 | Reya PENDLERUSDPERP | 2.5230 | 0.0051 | pay 0.0006% / 1h | 17m 16s | $4K | — | 15x |
| Short | Extended PENDLE-USD | 2.5208 | −0.0096 | pay 0.0012% / 1h | 17m 16s | $164K | $570K | 10x |
Reya PENDLERUSDPERP
Extended PENDLE-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Extended 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
- −$30.83
- Price spread: −0.087% → 0.000%
- −$8.71
- Slippage, 4 orders
- no order book: not counted
- Fee Reya: 3 bp × 2 orders
- −$6
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Net
- −$50.53
- Costs to cover
- 0.110%
- Break-even
- never at this rate
Slippage unknown: Reya: no order-book sample; Extended: live order book, 56 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 Extended live order book, 56 min ago | 1.19 bp | 14.9 bp −$15 | 93.7 bp −$937 | 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 | −0.4643% | 1h | 2.4970 | −1.032% | $2K | $54K | 5.5x | as long as short |
| Deribit PENDLE_USDC-PERPETUAL | −0.0463% | 1h | 2.5226 | −0.017% | $26K | $14K | 10x | as long as short |
| GRVT PENDLE_USDT_Perp | −0.0121% | 8h | 2.5264 | +0.134% | $427K | $1.6M | 10x | as long as short |
| Bybit PENDLEUSDT | −0.0105% | 8h | 2.5200 | −0.120% | $15.5M | $11.9M | 50x | as long as short |
| Binance PENDLEUSDT | −0.0100% | 8h | 2.5223 | −0.029% | $27.3M | $42.7M | 75x | as long as short |
| MEXC PENDLE_USDT | −0.0097% | 8h | 2.5224 | −0.025% | $17.1M | $1.9M | 125x | as long as short |
| Extended PENDLE-USDshort | −0.0096% | 1h | 2.5208 | −0.087% | $164K | $570K | 10x | |
| BloFin PENDLE-USDT | −0.0084% | 8h | 2.5219 | −0.045% | $1.3M | $669K | 75x | as long as short |
| Orderly PERP_PENDLE_USDC | −0.0024% | 8h | 2.5224 | −0.025% | $20K | $16K | 10x | as long as short |
| ApeX Omni PENDLEUSDT | −0.0010% | 1h | 2.5280 | +0.197% | $77K | $237K | 50x | as long as short |
Injective PENDLE/USDC PERP
Deribit PENDLE_USDC-PERPETUAL
GRVT PENDLE_USDT_Perp
Bybit PENDLEUSDT
Binance PENDLEUSDT
MEXC PENDLE_USDT
BloFin PENDLE-USDT
Orderly PERP_PENDLE_USDC
ApeX Omni PENDLEUSDTShow all 30 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| dYdX PENDLE-USD | 0.0000% | 1h | 2.5281 | +0.201% | $11K | — | 5x | as long as short |
| Variational Omni PENDLE | +0.0002% | 8h | 2.5241 | +0.042% | $608K | $1.8M | — | as long as short |
| Gate PENDLE_USDT | +0.0023% | 8h | 2.5250 | +0.078% | $782K | $1.2M | 75x | as long as short |
| Aster PENDLEUSDT | +0.0043% | 8h | 2.5261 | +0.123% | $47K | $173K | 10x | as long as short |
| Reya PENDLERUSDPERPlong | +0.0051% | 1h | 2.5230 | long leg | $4K | — | 15x | |
| Aevo PENDLE-PERP | +0.0056% | 1h | 2.5213 | −0.068% | $26K | — | 3x | as long as short |
| Lighter PENDLE | +0.0096% | 1h | 2.5231 | +0.003% | $536K | $418K | 5x | as long as short |
| Paradex PENDLE-USD-PERP | +0.0100% | 8h | 2.5227 | −0.014% | $35K | $18K | 10x | as long as short |
| OKX PENDLE-USDT-SWAP | +0.0100% | 4h | 2.5210 | −0.081% | $3.2M | $6.0M | 50x | as long as short |
| KuCoin PENDLEUSDTM | +0.0100% | 8h | 2.5264 | +0.133% | $884K | $587K | 50x | as long as short |
| Bitget PENDLEUSDT | +0.0100% | 8h | 2.5221 | −0.037% | $3.8M | $2.5M | 75x | as long as short |
| BingX PENDLE-USDT | +0.0100% | 8h | 2.5211 | −0.077% | — | $35.7M | — | as long as short |
| edgeX PENDLEUSDC | +0.0100% | 4h | 2.5263 | +0.128% | $25K | $381K | 10x | as long as short |
| Polymarket Perps PENDLE-USD | +0.0100% | 1h | 2.5248 | +0.070% | $16K | $20K | 5x | as long as short |
| SunX PENDLE-USDT | +0.0100% | 8h | 2.5229 | −0.005% | $1K | $1.8M | 20x | as long as short |
| GMX PENDLE/USD [PENDLE-USDC] | L +0.0203% / S −0.0382% | 1h | 2.5245 | +0.056% | $7K | — | 100x | as long as short |
| Hyperliquid PENDLE | +0.0365% | 1h | 2.5290 | +0.237% | $13.0M | $6.4M | 5x | as long as short |
| Kraken Futures PF_PENDLEUSD | +0.0616% | 1h | 2.5277 | +0.186% | $118K | $293K | 20x | as long as short |
| Coinbase International PENDLE-PERP-INTX | +0.0728% | 1h | 2.5320 | +0.355% | $143K | $460K | 25x | as long as short |
| Backpack PENDLE_USDC_PERP | +0.0844% | 1h | 2.5303 | +0.288% | $354K | $490K | 15x | as long as short |
dYdX PENDLE-USD
Variational Omni PENDLE
Gate PENDLE_USDT
Aster PENDLEUSDT
Aevo PENDLE-PERP
Lighter PENDLE
Paradex PENDLE-USD-PERP
OKX PENDLE-USDT-SWAP
KuCoin PENDLEUSDTM
Bitget PENDLEUSDT
BingX PENDLE-USDT
edgeX PENDLEUSDC
Polymarket Perps PENDLE-USD
SunX PENDLE-USDT
GMX PENDLE/USD [PENDLE-USDC]
Hyperliquid PENDLE
Kraken Futures PF_PENDLEUSD
Coinbase International PENDLE-PERP-INTX
Backpack PENDLE_USDC_PERP