PENDLE

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0159%/8h= +17.5% APRnext payment +$1.59 per $10,000 · paid last 24h +0.017%

Price spread now: Paradex against Binance−0.017%48s7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Binance Short on Paradex

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropParadex: Active · farm boardneeds both histories

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: +$5 a day on $10k at the current rate. The two prices were read 48 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance PENDLEUSDT	2.4527	−0.0059	get 0.0059% / 8h	3h 25m	$26.0M	$44.2M	75x
Short	Paradex PENDLE-USD-PERP	2.4523	0.0100	get 0.0100% / 8h	3h 25m	$34K	$11K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paradex against Binance. 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 BinancebpFee ParadexbpOrdersPrice spread, now −0.017%Rate

Funding earned: $33.47
Price spread: −0.017% → 0.000%: −$1.73
Slippage, 4 orders: no order book: not counted
Fee Binance: 5 bp × 2 orders: −$10
Fee Paradex: 2 bp × 2 orders: −$4
Net: $17.74
Costs to cover: 0.140%
Break-even: 3.3 days

Slippage unknown: Binance: live order book, 16 min ago; Paradex: no order-book sample. 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 Binance live order book, 16 min ago	0.41 bp	10.9 bp −$11	30.0 bp −$300	doesn't fit	doesn't fit
Sell Paradex no order-book sample	—	—	—	—	—

Paradex: 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	−0.4243%	1h	2.4320	−0.844%	$2K	$54K	5.5x	as long as short
Deribit PENDLE_USDC-PERPETUAL	−0.0402%	1h	2.4539	+0.049%	$25K	$14K	10x	as long as short
ApeX Omni PENDLEUSDT	−0.0129%	1h	2.4570	+0.176%	$75K	$234K	50x	as long as short
Gate PENDLE_USDT	−0.0072%	8h	2.4540	+0.053%	$717K	$1.1M	75x	as long as short
Binance PENDLEUSDTlong	−0.0059%	8h	2.4527	long leg	$26.0M	$44.2M	75x
MEXC PENDLE_USDT	−0.0057%	8h	2.4528	+0.004%	$17.4M	$2.0M	125x	as long as short
Extended PENDLE-USD	−0.0056%	1h	2.4516	−0.043%	$158K	$581K	10x	as long as short
BloFin PENDLE-USDT	−0.0055%	8h	2.4519	−0.032%	$1.1M	$595K	75x	as long as short
Orderly PERP_PENDLE_USDC	−0.0041%	8h	2.4532	+0.021%	$19K	$15K	10x	as long as short
dYdX PENDLE-USD	0.0000%	1h	2.4563	+0.145%	$10K	—	5x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster PENDLEUSDT	+0.0006%	8h	2.4604	+0.314%	$47K	$172K	10x	as long as short
GRVT PENDLE_USDT_Perp	+0.0040%	8h	2.4548	+0.086%	$405K	$2.0M	10x	as long as short
Variational Omni PENDLE	+0.0060%	8h	2.4510	−0.067%	$551K	$1.4M	—	as long as short
Aevo PENDLE-PERP	+0.0064%	1h	2.4525	−0.009%	$26K	—	3x	as long as short
Reya PENDLERUSDPERP	+0.0069%	1h	2.4535	+0.033%	$3K	—	15x	as long as short
Lighter PENDLE	+0.0096%	1h	2.4539	+0.049%	$515K	$428K	5x	as long as short
Paradex PENDLE-USD-PERPshort	+0.0100%	8h	2.4523	−0.017%	$34K	$11K	10x
Bybit PENDLEUSDT	+0.0100%	8h	2.4519	−0.032%	$14.4M	$12.1M	50x	as long as short
OKX PENDLE-USDT-SWAP	+0.0100%	4h	2.4530	+0.013%	$3.1M	$6.4M	50x	as long as short
KuCoin PENDLEUSDTM	+0.0100%	8h	2.4564	+0.151%	$888K	$552K	50x	as long as short
Bitget PENDLEUSDT	+0.0100%	8h	2.4525	−0.008%	$3.7M	$2.3M	75x	as long as short
BingX PENDLE-USDT	+0.0100%	8h	2.4536	+0.037%	—	$8.4M	—	as long as short
edgeX PENDLEUSDC	+0.0100%	4h	2.4536	+0.038%	$24K	$374K	10x	as long as short
Polymarket Perps PENDLE-USD	+0.0100%	1h	2.4556	+0.119%	$16K	$7K	5x	as long as short
SunX PENDLE-USDT	+0.0100%	8h	2.4550	+0.094%	$2K	$1.8M	20x	as long as short
Hyperliquid PENDLE	+0.0192%	1h	2.4581	+0.221%	$12.7M	$6.1M	5x	as long as short
GMX PENDLE/USD [PENDLE-USDC]	L +0.0196% / S −0.0222%	1h	2.4544	+0.069%	$5K	—	100x	as long as short
Coinbase International PENDLE-PERP-INTX	+0.0640%	1h	2.4600	+0.298%	$146K	$500K	25x	as long as short
Backpack PENDLE_USDC_PERP	+0.0678%	1h	2.4584	+0.233%	$357K	$400K	15x	as long as short
Kraken Futures PF_PENDLEUSD	+0.1185%	1h	2.4571	+0.180%	$115K	$269K	20x	as long as short