PENDLE

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.1584%/8h= +173.4% APRnext payment +$1.98 per $10,000 · paid last 24h +0.307%

Price spread now: Kraken Futures against Reya+0.217%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 Kraken Futures

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 +$48 a day on $10k at the current rate, and Kraken Futures is 0.217% dearer against Reya than usual: you sell high and buy low: +$22 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	2.4473	0.0078	pay 0.0010% / 1h	33m 57s	$3K	—	15x
Short	Kraken Futures PF_PENDLEUSD	2.4526	0.1662	get 0.0208% / 1h	33m 57s	$115K	$262K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures 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 Kraken FuturesbpOrdersPrice spread, now +0.217%Rate

Funding earned: $332.55
Price spread: +0.217% → 0.000%: $21.71
Slippage, 4 orders: no order book: not counted
Fee Reya: 3 bp × 2 orders: −$6
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: $338.26
Costs to cover: 0.160%
Break-even: from the start

Slippage unknown: Reya: no order-book sample; Kraken Futures: live order book, 9 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 Kraken Futures live order book, 9 min ago	16.33 bp	33.7 bp −$34	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	−0.4348%	1h	2.4250	−0.909%	$2K	$54K	5.5x	as long as short
Deribit PENDLE_USDC-PERPETUAL	−0.0117%	1h	2.4483	+0.043%	$25K	$16K	10x	as long as short
Orderly PERP_PENDLE_USDC	−0.0028%	8h	2.4475	+0.010%	$19K	$15K	10x	as long as short
dYdX PENDLE-USD	0.0000%	1h	2.4481	+0.034%	$10K	—	5x	as long as short
Gate PENDLE_USDT	+0.0006%	8h	2.4480	+0.031%	$752K	$1.0M	75x	as long as short
Extended PENDLE-USD	+0.0040%	1h	2.4481	+0.035%	$158K	$483K	10x	as long as short
MEXC PENDLE_USDT	+0.0041%	8h	2.4484	+0.047%	$17.5M	$2.0M	125x	as long as short
Binance PENDLEUSDT	+0.0042%	8h	2.4491	+0.075%	$25.9M	$45.2M	75x	as long as short
BloFin PENDLE-USDT	+0.0045%	8h	2.4479	+0.026%	$1.1M	$497K	75x	as long as short
Reya PENDLERUSDPERPlong	+0.0078%	1h	2.4473	long leg	$3K	—	15x

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aevo PENDLE-PERP	+0.0088%	1h	2.4480	+0.028%	$26K	—	3x	as long as short
Lighter PENDLE	+0.0096%	1h	2.4488	+0.063%	$518K	$416K	5x	as long as short
Paradex PENDLE-USD-PERP	+0.0100%	8h	2.4458	−0.058%	$34K	$7K	10x	as long as short
Hyperliquid PENDLE	+0.0100%	1h	2.4523	+0.206%	$12.7M	$6.1M	5x	as long as short
Aster PENDLEUSDT	+0.0100%	8h	2.4494	+0.088%	$47K	$169K	10x	as long as short
Bybit PENDLEUSDT	+0.0100%	8h	2.4480	+0.031%	$14.3M	$12.2M	50x	as long as short
OKX PENDLE-USDT-SWAP	+0.0100%	4h	2.4500	+0.112%	$3.1M	$6.6M	50x	as long as short
KuCoin PENDLEUSDTM	+0.0100%	8h	2.4491	+0.075%	$872K	$558K	50x	as long as short
Bitget PENDLEUSDT	+0.0100%	8h	2.4500	+0.112%	$3.8M	$2.4M	75x	as long as short
BingX PENDLE-USDT	+0.0100%	8h	2.4483	+0.043%	—	$8.4M	—	as long as short
Variational Omni PENDLE	+0.0100%	8h	2.4476	+0.013%	$565K	$1.4M	—	as long as short
edgeX PENDLEUSDC	+0.0100%	4h	2.4493	+0.082%	$24K	$371K	10x	as long as short
GRVT PENDLE_USDT_Perp	+0.0100%	8h	2.4493	+0.083%	$412K	$2.3M	10x	as long as short
ApeX Omni PENDLEUSDT	+0.0100%	1h	2.4501	+0.116%	$75K	$232K	50x	as long as short
Polymarket Perps PENDLE-USD	+0.0100%	1h	2.4499	+0.108%	$16K	$7K	5x	as long as short
SunX PENDLE-USDT	+0.0100%	8h	2.4497	+0.100%	$2K	$1.8M	20x	as long as short
GMX PENDLE/USD [PENDLE-USDC]	L +0.0196% / S −0.0222%	1h	2.4491	+0.076%	$5K	—	100x	as long as short
Backpack PENDLE_USDC_PERP	+0.0538%	1h	2.4533	+0.247%	$351K	$433K	15x	as long as short
Coinbase International PENDLE-PERP-INTX	+0.0688%	1h	2.4530	+0.235%	$159K	$505K	25x	as long as short
Kraken Futures PF_PENDLEUSDshort	+0.1662%	1h	2.4526	+0.217%	$115K	$262K	20x