PENDLE

Alert

Funding spread now, next payment 16:00 UTC−0.0343%/8h

next payment, per $10,000−$3.43paid, last 24h−0.015%paid, last 7 days−0.112%to open and close $10k−$60

The current rate is far above what this pair has been paying: over the last 7 days it paid -0.112% in total (about -5.8% a year). A funding rate is set anew for every payment; at this rate the next one is about −$3.43 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	BingX PENDLE-USDT	2.6018	0.0100	pay 0.0100% / 8h	17m 16s	—	$34.2M	—
Short	Bybit PENDLEUSDT	2.6001	−0.0243	pay 0.0243% / 8h	17m 16s	$16.2M	$11.5M	50x

Funding history

latest

Range statsloading…

Funding on every exchange

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latest

Profit calculator

Position, each leg$Hold fordaysFee BingXbpFee BybitbpOrdersRate

Funding earned: −$72.13
Slippage, 4 orders: −$38.59
Fee BingX: 5 bp × 2 orders: −$10
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$131.72
Break-even: never at this rate

Slippage from BingX: live order book, 13 min ago; Bybit: live order book, 3 min ago.

Price risk

price view

Price gap now: −0.065%
Avg gap 7d: −0.022%

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 BingX live order book, 13 min ago	5.74 bp	16.4 bp −$16	27.2 bp −$272	220.1 bp −$22.0K	460.1 bp −$230.0K
Sell Bybit live order book, 3 min ago	1.91 bp	20.8 bp −$21	71.8 bp −$718	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	−0.1178%	1h	$2K	$6K	5.5x	as long as short
Variational Omni PENDLE	−0.0268%	8h	$834K	$2.2M	—	as long as short
Bybit PENDLEUSDTshort	−0.0243%	8h	$16.2M	$11.5M	50x
Polymarket Perps PENDLE-USD	−0.0033%	1h	$17K	$54K	5x	as long as short
Gate PENDLE_USDT	−0.0008%	8h	$808K	$1.1M	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
Reya PENDLERUSDPERP	+0.0007%	1h	$4K	—	15x	as long as short
Aster PENDLEUSDT	+0.0022%	8h	$50K	$125K	10x	as long as short
Orderly PERP_PENDLE_USDC	+0.0054%	8h	$21K	$4K	10x	as long as short

Show all 29 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
BloFin PENDLE-USDT	+0.0074%	8h	$1.5M	$851K	75x	as long as short
Lighter PENDLE	+0.0096%	1h	$567K	$359K	5x	as long as short
Paradex PENDLE-USD-PERP	+0.0100%	8h	$36K	$30K	10x	as long as short
Hyperliquid PENDLE	+0.0100%	1h	$12.3M	$5.1M	5x	as long as short
Binance PENDLEUSDT	+0.0100%	8h	$29.0M	$32.8M	75x	as long as short
OKX PENDLE-USDT-SWAP	+0.0100%	4h	$3.2M	$4.8M	50x	as long as short
MEXC PENDLE_USDT	+0.0100%	8h	$16.9M	$2.1M	125x	as long as short
KuCoin PENDLEUSDTM	+0.0100%	8h	$1.0M	$489K	50x	as long as short
Bitget PENDLEUSDT	+0.0100%	8h	$3.9M	$2.6M	75x	as long as short
BingX PENDLE-USDTlong	+0.0100%	8h	—	$34.2M	—
edgeX PENDLEUSDC	+0.0100%	4h	$26K	$416K	10x	as long as short
ApeX Omni PENDLEUSDT	+0.0100%	1h	$79K	$236K	50x	as long as short
SunX PENDLE-USDT	+0.0100%	8h	$2K	$1.5M	20x	as long as short
Extended PENDLE-USD	+0.0104%	1h	$172K	$520K	10x	as long as short
Aevo PENDLE-PERP	+0.0104%	1h	$27K	—	3x	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	+0.0411%	1h	$369K	$448K	15x	as long as short
Coinbase International PENDLE-PERP-INTX	+0.0496%	1h	$99K	$395K	25x	as long as short
Kraken Futures PF_PENDLEUSD	+0.1877%	1h	$166K	$218K	20x	as long as short