PENDLE

Alert

Funding spread now, next payment 17:00 UTC−0.1970%/8h

next payment, per $10,000−$2.46paid, last 24h−0.087%paid, last 4 days−0.024%to open and closeno order book

The current rate is far above what this pair has been paying: over the last 4 days it paid -0.024% in total (about -2.4% a year). A funding rate is set anew for every payment; at this rate the next one is about −$2.46 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	ApeX Omni PENDLEUSDT	2.5677	0.0095	pay 0.0012% / 1h	17m 59s	$78K	$237K	50x
Short	Injective PENDLE/USDC PERP	2.5600	−0.1875	pay 0.0234% / 1h	17m 59s	$2K	$6K	5.5x

Funding history

latest

Range statsloading…

Funding on every exchange

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Profit calculator

Position, each leg$Hold fordaysFee ApeX OmnibpFee InjectivebpOrdersRate

Funding earned: −$413.7
Slippage, 4 orders: no order book: not counted
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: −$423.72
Break-even: never at this rate

Slippage unknown: ApeX Omni: live order book, 25 min ago; Injective: no order-book sample. Net counts fees only.

Price risk

price view

Price gap now: −0.300%
Avg gap 7d: —

A gap far from its average can cost days of funding.

Backtest

opened in the past, held until now, after costs

Backtest 7 days Backtest 30 days Backtest 90 daysopens the backtester with this pair and $10,000 a leg

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 ApeX Omni live order book, 25 min ago	6.34 bp	13.9 bp −$14	111.9 bp −$1,119	doesn't fit	doesn't fit
Sell Injective no order-book sample	—	—	—	—	—

Injective: 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 29 venues

lowest funding first. Swap a leg.

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Injective PENDLE/USDC PERPshort	−0.1875%	1h	$2K	$6K	5.5x
Variational Omni PENDLE	−0.0271%	8h	$663K	$2.3M	—	as long as short
Bybit PENDLEUSDT	−0.0186%	8h	$16.0M	$11.9M	50x	as long as short
Aster PENDLEUSDT	−0.0009%	8h	$51K	$130K	10x	as long as short
dYdX PENDLE-USD	0.0000%	1h	$11K	—	5x	as long as short
Deribit PENDLE_USDC-PERPETUAL	0.0000%	1h	$30K	$11K	10x	as long as short
Reya PENDLERUSDPERP	+0.0012%	1h	$4K	—	15x	as long as short
Orderly PERP_PENDLE_USDC	+0.0053%	8h	$20K	$4K	10x	as long as short
Extended PENDLE-USD	+0.0088%	1h	$168K	$520K	10x	as long as short
Binance PENDLEUSDT	+0.0089%	8h	$28.4M	$34.1M	75x	as long as short

Show all 29 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
MEXC PENDLE_USDT	+0.0092%	8h	$16.8M	$2.1M	125x	as long as short
ApeX Omni PENDLEUSDTlong	+0.0095%	1h	$78K	$237K	50x
Lighter PENDLE	+0.0096%	1h	$559K	$357K	5x	as long as short
Paradex PENDLE-USD-PERP	+0.0100%	8h	$36K	$30K	10x	as long as short
Hyperliquid PENDLE	+0.0100%	1h	$12.2M	$5.2M	5x	as long as short
OKX PENDLE-USDT-SWAP	+0.0100%	4h	$3.3M	$5.1M	50x	as long as short
Gate PENDLE_USDT	+0.0100%	8h	$815K	$1.1M	75x	as long as short
KuCoin PENDLEUSDTM	+0.0100%	8h	$954K	$555K	50x	as long as short
Bitget PENDLEUSDT	+0.0100%	8h	$3.8M	$2.6M	75x	as long as short
BingX PENDLE-USDT	+0.0100%	8h	—	$34.2M	—	as long as short
edgeX PENDLEUSDC	+0.0100%	4h	$26K	$416K	10x	as long as short
Polymarket Perps PENDLE-USD	+0.0100%	1h	$16K	$39K	5x	as long as short
SunX PENDLE-USDT	+0.0100%	8h	$2K	$1.5M	20x	as long as short
Aevo PENDLE-PERP	+0.0104%	1h	$27K	—	3x	as long as short
BloFin PENDLE-USDT	+0.0107%	8h	$1.4M	$851K	75x	as long as short
GMX PENDLE/USD [PENDLE-USDC]	L +0.0200% / S −0.0272%	1h	$5K	—	100x	as long as short
Backpack PENDLE_USDC_PERP	+0.0243%	1h	$373K	$454K	15x	as long as short
Coinbase International PENDLE-PERP-INTX	+0.0432%	1h	$115K	$432K	25x	as long as short
Kraken Futures PF_PENDLEUSD	+0.1766%	1h	$143K	$252K	20x	as long as short