PENDLE

Alert

Funding spread now, next payment 18:00 UTC−0.0100%/8h

paid, last 24h−0.017%paid, last 5 days−0.114%to open and closeno order book

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit PENDLEUSDT	2.5520	0.0100	pay 0.0100% / 8h	6h 31m	$15.9M	$11.7M	50x
Short	Deribit PENDLE_USDC-PERPETUAL	2.5535	0	get 0.0000% / 1h	31m 08s	$30K	$11K	10x

Funding history

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Funding on every exchange

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Profit calculator

Position, each leg$Hold fordaysFee BybitbpFee DeribitbpOrdersRate

Funding earned: −$21
Slippage, 4 orders: no order book: not counted
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$39
Break-even: never at this rate

Slippage unknown: Bybit: live order book, 4 min ago; Deribit: no order-book sample. Net counts fees only.

Price risk

price view

Price gap now: +0.059%
Avg gap 7d: —

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, 4 min ago	3.91 bp	13.9 bp −$14	46.4 bp −$464	doesn't fit	doesn't fit
Sell Deribit no order-book sample	—	—	—	—	—

Deribit: 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 29 venues

lowest funding first. Swap a leg.

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Injective PENDLE/USDC PERP	−0.4277%	1h	$2K	$7K	5.5x	as long as short
Variational Omni PENDLE	−0.0225%	8h	$659K	$2.2M	—	as long as short
Aster PENDLEUSDT	−0.0025%	8h	$51K	$133K	10x	as long as short
dYdX PENDLE-USD	0.0000%	1h	$11K	—	5x	as long as short
Deribit PENDLE_USDC-PERPETUALshort	0.0000%	1h	$30K	$11K	10x
Reya PENDLERUSDPERP	+0.0016%	1h	$4K	—	15x	as long as short
Orderly PERP_PENDLE_USDC	+0.0049%	8h	$20K	$4K	10x	as long as short
MEXC PENDLE_USDT	+0.0061%	8h	$16.9M	$2.2M	125x	as long as short
Binance PENDLEUSDT	+0.0062%	8h	$28.0M	$35.0M	75x	as long as short
Extended PENDLE-USD	+0.0064%	1h	$168K	$518K	10x	as long as short

Show all 29 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
BloFin PENDLE-USDT	+0.0082%	8h	$1.4M	$813K	75x	as long as short
Lighter PENDLE	+0.0096%	1h	$558K	$356K	5x	as long as short
Aevo PENDLE-PERP	+0.0096%	1h	$27K	—	3x	as long as short
Paradex PENDLE-USD-PERP	+0.0100%	8h	$36K	$29K	10x	as long as short
Hyperliquid PENDLE	+0.0100%	1h	$12.3M	$5.3M	5x	as long as short
Bybit PENDLEUSDTlong	+0.0100%	8h	$15.9M	$11.7M	50x
OKX PENDLE-USDT-SWAP	+0.0100%	4h	$3.3M	$5.2M	50x	as long as short
Gate PENDLE_USDT	+0.0100%	8h	$819K	$1.1M	75x	as long as short
KuCoin PENDLEUSDTM	+0.0100%	8h	$940K	$563K	50x	as long as short
Bitget PENDLEUSDT	+0.0100%	8h	$3.8M	$2.6M	75x	as long as short
BingX PENDLE-USDT	+0.0100%	8h	—	$34.2M	—	as long as short
edgeX PENDLEUSDC	+0.0100%	4h	$25K	$417K	10x	as long as short
ApeX Omni PENDLEUSDT	+0.0100%	1h	$78K	$237K	50x	as long as short
Polymarket Perps PENDLE-USD	+0.0100%	1h	$16K	$30K	5x	as long as short
SunX PENDLE-USDT	+0.0100%	8h	$2K	$1.6M	20x	as long as short
GMX PENDLE/USD [PENDLE-USDC]	L +0.0200% / S −0.0272%	1h	$5K	—	100x	as long as short
Coinbase International PENDLE-PERP-INTX	+0.0592%	1h	$116K	$435K	25x	as long as short
Backpack PENDLE_USDC_PERP	+0.0733%	1h	$374K	$458K	15x	as long as short
Kraken Futures PF_PENDLEUSD	+0.2122%	1h	$155K	$269K	20x	as long as short