PENDLE

Alert

Funding spread now, next payment 13:00 UTC+0.0672%/8h

paid, last 24h+0.015%paid, last 7 days+0.157%to open and close $10k−$63

The current rate is far above what this pair has been paying: over the last 7 days it paid 0.157% in total (about 8.2% 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	Bybit PENDLEUSDT	2.7160	−0.0019	get 0.0019% / 8h	3h 33m	$17.2M	$10.1M	50x
Short	Hyperliquid PENDLE	2.7259	0.0654	get 0.0082% / 1h	33m 20s	$12.8M	$4.6M	5x

Funding history

latest

Range statsloading…

Funding on every exchange

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latest

Profit calculator

Position, each leg$Hold fordaysFee BybitbpFee HyperliquidbpOrdersRate

Funding earned: $141.21
Slippage, 4 orders: −$42.51
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Net: $78.71
Break-even: 3.1 days

Slippage from Bybit: live order book, 2 min ago; Hyperliquid: live order book, 11 min ago.

Price risk

price view

Price gap now: +0.365%
Avg gap 7d: +0.139%

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, 2 min ago	3.68 bp	17.5 bp −$18	48.7 bp −$487	doesn't fit	doesn't fit
Sell Hyperliquid live order book, 11 min ago	1.66 bp	11.7 bp −$12	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	−0.1959%	1h	$2K	$49K	5.5x	as long as short
Variational Omni PENDLE	−0.0086%	8h	$906K	$2.2M	—	as long as short
Bybit PENDLEUSDTlong	−0.0019%	8h	$17.2M	$10.1M	50x
Reya PENDLERUSDPERP	−0.0008%	1h	$4K	—	15x	as long as short
dYdX PENDLE-USD	0.0000%	1h	$11K	—	5x	as long as short
Deribit PENDLE_USDC-PERPETUAL	0.0000%	1h	$30K	$8K	10x	as long as short
Orderly PERP_PENDLE_USDC	+0.0046%	8h	$22K	$4K	10x	as long as short
Coinbase International PENDLE-PERP-INTX	+0.0064%	1h	$50K	$263K	25x	as long as short
BloFin PENDLE-USDT	+0.0076%	8h	$1.6M	$828K	75x	as long as short
Lighter PENDLE	+0.0096%	1h	$574K	$249K	5x	as long as short

Show all 29 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Paradex PENDLE-USD-PERP	+0.0100%	8h	$38K	$32K	10x	as long as short
Aster PENDLEUSDT	+0.0100%	8h	$51K	$114K	10x	as long as short
Binance PENDLEUSDT	+0.0100%	8h	$30.4M	$29.0M	75x	as long as short
OKX PENDLE-USDT-SWAP	+0.0100%	4h	$3.3M	$4.6M	50x	as long as short
Gate PENDLE_USDT	+0.0100%	8h	$856K	$970K	75x	as long as short
MEXC PENDLE_USDT	+0.0100%	8h	$17.0M	$1.7M	125x	as long as short
KuCoin PENDLEUSDTM	+0.0100%	8h	$1.1M	$447K	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	—	$33.8M	—	as long as short
edgeX PENDLEUSDC	+0.0100%	4h	$27K	$412K	10x	as long as short
ApeX Omni PENDLEUSDT	+0.0100%	1h	$82K	$237K	50x	as long as short
Polymarket Perps PENDLE-USD	+0.0100%	1h	$19K	$103K	5x	as long as short
SunX PENDLE-USDT	+0.0100%	8h	$2K	$1.3M	20x	as long as short
Extended PENDLE-USD	+0.0104%	1h	$179K	$499K	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
Backpack PENDLE_USDC_PERP	+0.0386%	1h	$347K	$418K	15x	as long as short
Hyperliquid PENDLEshort	+0.0654%	1h	$12.8M	$4.6M	5x
Kraken Futures PF_PENDLEUSD	+0.1064%	1h	$147K	$176K	20x	as long as short