PENDLE

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0141%/8h= −15.5% APRnext payment −$1.41 per $10,000 · paid last 24h −0.022%

Price spread now: Orderly against BingX+0.081%7-day average — · you sell dearer than you buy

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

Long on BingX Short on Orderly

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

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

Together, before fees—needs both histories

The price spread pays, funding is against you. Orderly is 0.081% dearer against BingX than usual: you sell high and buy low (spread +0.081% now, against zero (this spread has no 7-day history yet)): +$8 on $10k if it goes back. Holding the pair costs −$4 a day in funding at the current rate, which eats that in about 46 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX PENDLE-USDT	2.4643	0.0100	pay 0.0100% / 8h	3h 53m	—	$8.5M	—
Short	Orderly PERP_PENDLE_USDC	2.4663	−0.0041	pay 0.0041% / 8h	3h 53m	$19K	$15K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly against BingX. 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 BingXbpFee OrderlybpOrdersPrice spread, now +0.081%Rate

Funding earned: −$29.68
Price spread: +0.081% → 0.000%: $8.12
Slippage, 4 orders: no order book: not counted
Fee BingX: 5 bp × 2 orders: −$10
Fee Orderly: 3 bp × 2 orders: −$6
Net: −$37.56
Costs to cover: 0.160%
Break-even: never at this rate

Slippage unknown: BingX: live order book, 10 min ago; Orderly: 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 BingX live order book, 10 min ago	3.64 bp	12.2 bp −$12	22.8 bp −$228	220.7 bp −$22.1K	442.9 bp −$221.5K
Sell Orderly no order-book sample	—	—	—	—	—

Orderly: 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	2.4370	−1.108%	$2K	$54K	5.5x	as long as short
ApeX Omni PENDLEUSDT	−0.0423%	1h	2.4629	−0.057%	$75K	$235K	50x	as long as short
Deribit PENDLE_USDC-PERPETUAL	−0.0278%	1h	2.4614	−0.118%	$25K	$14K	10x	as long as short
BloFin PENDLE-USDT	−0.0066%	8h	2.4656	+0.053%	$1.1M	$596K	75x	as long as short
Extended PENDLE-USD	−0.0064%	1h	2.4654	+0.046%	$159K	$578K	10x	as long as short
Gate PENDLE_USDT	−0.0064%	8h	2.4620	−0.093%	$715K	$1.1M	75x	as long as short
Binance PENDLEUSDT	−0.0061%	8h	2.4659	+0.066%	$26.1M	$43.6M	75x	as long as short
MEXC PENDLE_USDT	−0.0060%	8h	2.4638	−0.020%	$17.4M	$1.9M	125x	as long as short
Aster PENDLEUSDT	−0.0050%	8h	2.4655	+0.049%	$47K	$171K	10x	as long as short
Orderly PERP_PENDLE_USDCshort	−0.0041%	8h	2.4663	+0.081%	$19K	$15K	10x

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
dYdX PENDLE-USD	0.0000%	1h	2.4665	+0.090%	$10K	—	5x	as long as short
GRVT PENDLE_USDT_Perp	+0.0054%	8h	2.4595	−0.196%	$408K	$1.9M	10x	as long as short
Aevo PENDLE-PERP	+0.0064%	1h	2.4668	+0.101%	$26K	—	3x	as long as short
Reya PENDLERUSDPERP	+0.0067%	1h	2.4639	−0.015%	$3K	—	15x	as long as short
Variational Omni PENDLE	+0.0070%	8h	2.4586	−0.233%	$552K	$1.4M	—	as long as short
Lighter PENDLE	+0.0096%	1h	2.4640	−0.012%	$517K	$428K	5x	as long as short
Paradex PENDLE-USD-PERP	+0.0100%	8h	2.4628	−0.060%	$34K	$11K	10x	as long as short
Bybit PENDLEUSDT	+0.0100%	8h	2.4670	+0.110%	$14.6M	$11.9M	50x	as long as short
OKX PENDLE-USDT-SWAP	+0.0100%	4h	2.4680	+0.150%	$3.1M	$6.3M	50x	as long as short
KuCoin PENDLEUSDTM	+0.0100%	8h	2.4664	+0.085%	$886K	$550K	50x	as long as short
Bitget PENDLEUSDT	+0.0100%	8h	2.4638	−0.020%	$3.7M	$2.2M	75x	as long as short
BingX PENDLE-USDTlong	+0.0100%	8h	2.4643	long leg	—	$8.5M	—
edgeX PENDLEUSDC	+0.0100%	4h	2.4627	−0.067%	$24K	$376K	10x	as long as short
Polymarket Perps PENDLE-USD	+0.0100%	1h	2.4664	+0.085%	$16K	$7K	5x	as long as short
SunX PENDLE-USDT	+0.0100%	8h	2.4624	−0.077%	$1K	$1.8M	20x	as long as short
GMX PENDLE/USD [PENDLE-USDC]	L +0.0196% / S −0.0222%	1h	2.4648	+0.019%	$5K	—	100x	as long as short
Hyperliquid PENDLE	+0.0206%	1h	2.4684	+0.166%	$12.8M	$6.0M	5x	as long as short
Backpack PENDLE_USDC_PERP	+0.0470%	1h	2.4682	+0.158%	$359K	$399K	15x	as long as short
Coinbase International PENDLE-PERP-INTX	+0.0640%	1h	2.4660	+0.069%	$147K	$496K	25x	as long as short
Kraken Futures PF_PENDLEUSD	+0.1179%	1h	2.4701	+0.234%	$115K	$268K	20x	as long as short