PENDLE

Alert

Funding spread now, next payment 16:00 UTC+0.1776%/8h

paid, last 24h+0.438%paid, last 7 days+0.250%to open and close $10k−$168

The current rate is far above what this pair has been paying: over the last 7 days it paid 0.250% in total (about 13.0% a year). A funding rate is set anew for every payment. 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	BloFin PENDLE-USDT	2.6423	0.0074	pay 0.0074% / 8h	40m 32s	$1.5M	$851K	75x
Short	Kraken Futures PF_PENDLEUSD	2.6487	0.1850	get 0.0231% / 1h	40m 32s	$170K	$215K	20x

Funding history

latest

Range statsloading…

Funding on every exchange

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latest

Profit calculator

Position, each leg$Hold fordaysFee BloFinbpFee Kraken FuturesbpOrdersRate

Funding earned: $372.9
Slippage, 4 orders: −$146.31
Fee BloFin: 6 bp × 2 orders: −$12
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: $204.6
Break-even: 3.2 days

Slippage from BloFin: live order book, 4 min ago; Kraken Futures: live order book, 8 min ago.

Price risk

price view

Price gap now: +0.243%
Avg gap 7d: +0.133%

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 BloFin live order book, 4 min ago	1.13 bp	13.0 bp −$13	30.3 bp −$303	doesn't fit	doesn't fit
Sell Kraken Futures live order book, 8 min ago	9.40 bp	45.9 bp −$46	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	−0.1178%	1h	$2K	$6K	5.5x	as long as short
Variational Omni PENDLE	−0.0231%	8h	$885K	$2.1M	—	as long as short
Bybit PENDLEUSDT	−0.0196%	8h	$16.4M	$11.2M	50x	as long as short
Polymarket Perps PENDLE-USD	−0.0036%	1h	$18K	$59K	5x	as long as short
Gate PENDLE_USDT	−0.0028%	8h	$815K	$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
Reya PENDLERUSDPERP	+0.0006%	1h	$4K	—	15x	as long as short
Aster PENDLEUSDT	+0.0043%	8h	$51K	$122K	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-USDTlong	+0.0074%	8h	$1.5M	$851K	75x
Lighter PENDLE	+0.0096%	1h	$576K	$356K	5x	as long as short
Paradex PENDLE-USD-PERP	+0.0100%	8h	$37K	$30K	10x	as long as short
Hyperliquid PENDLE	+0.0100%	1h	$12.5M	$5.1M	5x	as long as short
Binance PENDLEUSDT	+0.0100%	8h	$29.5M	$32.0M	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	$17.1M	$2.1M	125x	as long as short
KuCoin PENDLEUSDTM	+0.0100%	8h	$1.1M	$467K	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	$414K	10x	as long as short
ApeX Omni PENDLEUSDT	+0.0100%	1h	$80K	$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	$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	$5K	—	100x	as long as short
Backpack PENDLE_USDC_PERP	+0.0293%	1h	$375K	$445K	15x	as long as short
Coinbase International PENDLE-PERP-INTX	+0.0496%	1h	$98K	$388K	25x	as long as short
Kraken Futures PF_PENDLEUSDshort	+0.1850%	1h	$170K	$215K	20x