PENDLE

Alert

Funding spread now, next payment 18:00 UTC+0.2024%/8h

next payment, per $10,000+$2.53paid, last 24h+0.440%paid, last 7 days+0.348%to open and close $10k−$142

Long on ApeX Omni Short on Kraken Futures

The current rate is far above what this pair has been paying: over the last 7 days it paid 0.348% in total (about 18.1% a year). A funding rate is set anew for every payment; at this rate the next one is about +$2.53 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	2.5477	0.0100	pay 0.0013% / 1h	7m 00s	$78K	$237K	50x
Short	Kraken Futures PF_PENDLEUSD	2.5562	0.2124	get 0.0265% / 1h	7m 00s	$157K	$284K	20x

Funding history

latest

Range statsloading…

Funding on every exchange

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latest

Profit calculator

Position, each leg$Hold fordaysFee ApeX OmnibpFee Kraken FuturesbpOrdersRate

Funding earned: $424.99
Slippage, 4 orders: −$121.58
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: $283.41
Break-even: 2.3 days

Slippage from ApeX Omni: live order book, 31 min ago; Kraken Futures: live order book, 32 min ago.

Price risk

price view

Price gap now: +0.335%
Avg gap 7d: +0.100%

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, 31 min ago	4.31 bp	15.1 bp −$15	101.0 bp −$1,010	doesn't fit	doesn't fit
Sell Kraken Futures live order book, 32 min ago	5.88 bp	40.1 bp −$40	doesn't fit	doesn't fit	doesn't fit

PENDLE on 29 venues

lowest funding first. Swap a leg.

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Injective PENDLE/USDC PERP	−0.4277%	1h	$2K	$7K	5.5x	as long as short
Variational Omni PENDLE	−0.0174%	8h	$663K	$2.2M	—	as long as short
Deribit PENDLE_USDC-PERPETUAL	−0.0063%	1h	$30K	$11K	10x	as long as short
Aster PENDLEUSDT	−0.0033%	8h	$51K	$137K	10x	as long as short
dYdX PENDLE-USD	0.0000%	1h	$11K	—	5x	as long as short
Reya PENDLERUSDPERP	+0.0018%	1h	$4K	—	15x	as long as short
Orderly PERP_PENDLE_USDC	+0.0045%	8h	$20K	$4K	10x	as long as short
Binance PENDLEUSDT	+0.0052%	8h	$28.0M	$35.8M	75x	as long as short
MEXC PENDLE_USDT	+0.0054%	8h	$16.9M	$2.2M	125x	as long as short
BloFin PENDLE-USDT	+0.0054%	8h	$1.4M	$815K	75x	as long as short

Show all 29 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Extended PENDLE-USD	+0.0056%	1h	$168K	$516K	10x	as long as short
Lighter PENDLE	+0.0096%	1h	$558K	$356K	5x	as long as short
Aevo PENDLE-PERP	+0.0096%	1h	$27K	—	3x	as long as short
Gate PENDLE_USDT	+0.0098%	8h	$823K	$1.1M	75x	as long as short
Paradex PENDLE-USD-PERP	+0.0100%	8h	$36K	$29K	10x	as long as short
Hyperliquid PENDLE	+0.0100%	1h	$12.3M	$5.3M	5x	as long as short
Bybit PENDLEUSDT	+0.0100%	8h	$15.9M	$12.0M	50x	as long as short
OKX PENDLE-USDT-SWAP	+0.0100%	4h	$3.3M	$5.3M	50x	as long as short
KuCoin PENDLEUSDTM	+0.0100%	8h	$939K	$601K	50x	as long as short
Bitget PENDLEUSDT	+0.0100%	8h	$3.9M	$2.7M	75x	as long as short
BingX PENDLE-USDT	+0.0100%	8h	—	$34.2M	—	as long as short
edgeX PENDLEUSDC	+0.0100%	4h	$25K	$415K	10x	as long as short
ApeX Omni PENDLEUSDTlong	+0.0100%	1h	$78K	$237K	50x
Polymarket Perps PENDLE-USD	+0.0100%	1h	$16K	$30K	5x	as long as short
SunX PENDLE-USDT	+0.0100%	8h	$2K	$1.6M	20x	as long as short
GMX PENDLE/USD [PENDLE-USDC]	L +0.0200% / S −0.0272%	1h	$5K	—	100x	as long as short
Coinbase International PENDLE-PERP-INTX	+0.0592%	1h	$116K	$447K	25x	as long as short
Backpack PENDLE_USDC_PERP	+0.0704%	1h	$376K	$461K	15x	as long as short
Kraken Futures PF_PENDLEUSDshort	+0.2124%	1h	$157K	$284K	20x