PENDLE

Alert

Funding spread now, next payment 16:00 UTC−0.0297%/8h

next payment, per $10,000−$2.97paid, last 24h−0.025%paid, last 3 days−0.087%to open and closeno order book

The current rate is far above what this pair has been paying: over the last 3 days it paid -0.087% in total (about -10.7% a year). A funding rate is set anew for every payment; at this rate the next one is about −$2.97 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	Aster PENDLEUSDT	2.6602	0.0071	pay 0.0071% / 8h	1h 07m	$51K	$121K	10x
Short	Variational Omni PENDLE	2.6424	−0.0227	pay 0.0227% / 8h	1h 07m	$880K	$2.1M	—

Funding history

latest

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Funding on every exchange

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latest

Profit calculator

Position, each leg$Hold fordaysFee AsterbpFee Variational OmnibpOrdersRate

Funding earned: −$62.42
Slippage, 4 orders: no order book: not counted
Fee Aster: 4 bp × 2 orders: −$8
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$70.42
Break-even: never at this rate

Slippage unknown: Aster: live order book, 62 min ago; Variational Omni: RFQ quote, 3 min ago. Net counts fees only.

Price risk

price view

Price gap now: −0.670%
Avg gap 7d: −0.058%

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 Aster live order book, 62 min ago	12.67 bp	217.1 bp −$217	doesn't fit	doesn't fit	doesn't fit
Sell Variational Omni RFQ quote, 3 min ago	6.51 bp	doesn't fit	75.5 bp −$755	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	−0.3627%	1h	$3K	$52K	5.5x	as long as short
Variational Omni PENDLEshort	−0.0227%	8h	$880K	$2.1M	—
Bybit PENDLEUSDT	−0.0197%	8h	$16.5M	$11.3M	50x	as long as short
Gate PENDLE_USDT	−0.0030%	8h	$830K	$1.0M	75x	as long as short
dYdX PENDLE-USD	0.0000%	1h	$11K	—	5x	as long as short
Deribit PENDLE_USDC-PERPETUAL	0.0000%	1h	$31K	$10K	10x	as long as short
ApeX Omni PENDLEUSDT	+0.0002%	1h	$80K	$234K	50x	as long as short
Reya PENDLERUSDPERP	+0.0003%	1h	$4K	—	15x	as long as short
Polymarket Perps PENDLE-USD	+0.0013%	1h	$18K	$70K	5x	as long as short
Orderly PERP_PENDLE_USDC	+0.0050%	8h	$22K	$4K	10x	as long as short

Show all 29 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Aster PENDLEUSDTlong	+0.0071%	8h	$51K	$121K	10x
BloFin PENDLE-USDT	+0.0078%	8h	$1.5M	$835K	75x	as long as short
Lighter PENDLE	+0.0096%	1h	$587K	$337K	5x	as long as short
Paradex PENDLE-USD-PERP	+0.0100%	8h	$37K	$31K	10x	as long as short
Hyperliquid PENDLE	+0.0100%	1h	$12.6M	$5.0M	5x	as long as short
Binance PENDLEUSDT	+0.0100%	8h	$29.6M	$31.8M	75x	as long as short
OKX PENDLE-USDT-SWAP	+0.0100%	4h	$3.3M	$4.8M	50x	as long as short
MEXC PENDLE_USDT	+0.0100%	8h	$17.2M	$2.1M	125x	as long as short
KuCoin PENDLEUSDTM	+0.0100%	8h	$1.1M	$465K	50x	as long as short
Bitget PENDLEUSDT	+0.0100%	8h	$4.0M	$2.6M	75x	as long as short
BingX PENDLE-USDT	+0.0100%	8h	—	$34.1M	—	as long as short
edgeX PENDLEUSDC	+0.0100%	4h	$26K	$415K	10x	as long as short
SunX PENDLE-USDT	+0.0100%	8h	$1K	$1.4M	20x	as long as short
Extended PENDLE-USD	+0.0104%	1h	$175K	$520K	10x	as long as short
Aevo PENDLE-PERP	+0.0104%	1h	$28K	—	3x	as long as short
GMX PENDLE/USD [PENDLE-USDC]	L +0.0200% / S −0.0269%	1h	$6K	—	100x	as long as short
Backpack PENDLE_USDC_PERP	+0.0341%	1h	$377K	$445K	15x	as long as short
Coinbase International PENDLE-PERP-INTX	+0.0368%	1h	$87K	$366K	25x	as long as short
Kraken Futures PF_PENDLEUSD	+0.1446%	1h	$171K	$215K	20x	as long as short