PENDLE

Alert

Funding spread now, next payment 16:00 UTC+0.0264%/8h

next payment, per $10,000+$2.64paid, last 24h+0.010%paid, last 5 days+0.047%to open and close $10k−$430

The current rate is far above what this pair has been paying: over the last 5 days it paid 0.047% in total (about 3.5% a year). A funding rate is set anew for every payment; at this rate the next one is about +$2.64 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	Bybit PENDLEUSDT	2.6650	−0.0164	get 0.0164% / 8h	1h 57m	$16.7M	$11.0M	50x
Short	Aster PENDLEUSDT	2.6693	0.0100	get 0.0100% / 8h	1h 57m	$51K	$115K	10x

Funding history

latest

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Funding on every exchange

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latest

Profit calculator

Position, each leg$Hold fordaysFee BybitbpFee AsterbpOrdersRate

Funding earned: $55.51
Slippage, 4 orders: −$410.73
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Aster: 4 bp × 2 orders: −$8
Net: −$374.22
Break-even: 54.2 days

Slippage from Bybit: live order book, 3 min ago; Aster: live order book, 12 min ago.

Price risk

price view

Price gap now: +0.163%
Avg gap 7d: +0.067%

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 Bybit live order book, 3 min ago	3.75 bp	17.9 bp −$18	64.4 bp −$644	doesn't fit	doesn't fit
Sell Aster live order book, 12 min ago	12.67 bp	177.6 bp −$178	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	−0.3627%	1h	$4K	$51K	5.5x	as long as short
Deribit PENDLE_USDC-PERPETUAL	−0.0237%	1h	$31K	$10K	10x	as long as short
Variational Omni PENDLE	−0.0182%	8h	$892K	$2.1M	—	as long as short
Bybit PENDLEUSDTlong	−0.0164%	8h	$16.7M	$11.0M	50x
Gate PENDLE_USDT	−0.0005%	8h	$839K	$999K	75x	as long as short
Reya PENDLERUSDPERP	−0.0001%	1h	$4K	—	15x	as long as short
dYdX PENDLE-USD	0.0000%	1h	$11K	—	5x	as long as short
ApeX Omni PENDLEUSDT	+0.0037%	1h	$81K	$236K	50x	as long as short
Orderly PERP_PENDLE_USDC	+0.0046%	8h	$22K	$4K	10x	as long as short
BloFin PENDLE-USDT	+0.0084%	8h	$1.5M	$828K	75x	as long as short

Show all 29 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Lighter PENDLE	+0.0096%	1h	$589K	$325K	5x	as long as short
Paradex PENDLE-USD-PERP	+0.0100%	8h	$37K	$31K	10x	as long as short
Hyperliquid PENDLE	+0.0100%	1h	$12.8M	$4.8M	5x	as long as short
Aster PENDLEUSDTshort	+0.0100%	8h	$51K	$115K	10x
Binance PENDLEUSDT	+0.0100%	8h	$30.1M	$30.3M	75x	as long as short
OKX PENDLE-USDT-SWAP	+0.0100%	4h	$3.3M	$4.6M	50x	as long as short
MEXC PENDLE_USDT	+0.0100%	8h	$17.5M	$1.9M	125x	as long as short
KuCoin PENDLEUSDTM	+0.0100%	8h	$1.1M	$455K	50x	as long as short
Bitget PENDLEUSDT	+0.0100%	8h	$4.0M	$2.5M	75x	as long as short
BingX PENDLE-USDT	+0.0100%	8h	—	$34.1M	—	as long as short
edgeX PENDLEUSDC	+0.0100%	4h	$27K	$413K	10x	as long as short
Polymarket Perps PENDLE-USD	+0.0100%	1h	$19K	$73K	5x	as long as short
SunX PENDLE-USDT	+0.0100%	8h	$2K	$1.4M	20x	as long as short
Extended PENDLE-USD	+0.0104%	1h	$176K	$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
Coinbase International PENDLE-PERP-INTX	+0.0368%	1h	$71K	$336K	25x	as long as short
Backpack PENDLE_USDC_PERP	+0.0526%	1h	$377K	$446K	15x	as long as short
Kraken Futures PF_PENDLEUSD	+0.1442%	1h	$161K	$204K	20x	as long as short