PENDLE

Alert

Funding spread now, next payment 15:00 UTC+0.1646%/8h

paid, last 24h+0.441%paid, last 7 days+0.308%to open and close $10k−$185

The current rate is far above what this pair has been paying: over the last 7 days it paid 0.308% in total (about 16.1% 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	2.6290	−0.0184	get 0.0184% / 8h	1h 46m	$16.4M	$11.2M	50x
Short	Kraken Futures PF_PENDLEUSD	2.6374	0.1462	get 0.0183% / 1h	46m 27s	$170K	$217K	20x

Funding history

latest

Range statsloading…

Funding on every exchange

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latest

Profit calculator

Position, each leg$Hold fordaysFee BybitbpFee Kraken FuturesbpOrdersRate

Funding earned: $345.64
Slippage, 4 orders: −$163.55
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: $161.1
Break-even: 3.7 days

Slippage from Bybit: live order book, 3 min ago; Kraken Futures: live order book, 7 min ago.

Price risk

price view

Price gap now: +0.318%
Avg gap 7d: +0.183%

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	3.79 bp	16.3 bp −$16	69.2 bp −$692	doesn't fit	doesn't fit
Sell Kraken Futures live order book, 7 min ago	13.23 bp	59.3 bp −$59	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	−0.0510%	1h	$31K	$10K	10x	as long as short
ApeX Omni PENDLEUSDT	−0.0282%	1h	$80K	$234K	50x	as long as short
Variational Omni PENDLE	−0.0206%	8h	$870K	$2.1M	—	as long as short
Bybit PENDLEUSDTlong	−0.0184%	8h	$16.4M	$11.2M	50x
Gate PENDLE_USDT	−0.0019%	8h	$829K	$1.0M	75x	as long as short
dYdX PENDLE-USD	0.0000%	1h	$11K	—	5x	as long as short
Reya PENDLERUSDPERP	0.0000%	1h	$4K	—	15x	as long as short
Orderly PERP_PENDLE_USDC	+0.0046%	8h	$21K	$4K	10x	as long as short
BloFin PENDLE-USDT	+0.0083%	8h	$1.5M	$825K	75x	as long as short

Show all 29 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Aster PENDLEUSDT	+0.0086%	8h	$50K	$118K	10x	as long as short
Lighter PENDLE	+0.0096%	1h	$581K	$328K	5x	as long as short
Paradex PENDLE-USD-PERP	+0.0100%	8h	$37K	$31K	10x	as long as short
Hyperliquid PENDLE	+0.0100%	1h	$12.5M	$4.9M	5x	as long as short
Binance PENDLEUSDT	+0.0100%	8h	$29.4M	$31.3M	75x	as long as short
OKX PENDLE-USDT-SWAP	+0.0100%	4h	$3.2M	$4.7M	50x	as long as short
MEXC PENDLE_USDT	+0.0100%	8h	$16.8M	$2.0M	125x	as long as short
KuCoin PENDLEUSDTM	+0.0100%	8h	$1.1M	$461K	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	$415K	10x	as long as short
Polymarket Perps PENDLE-USD	+0.0100%	1h	$19K	$71K	5x	as long as short
SunX PENDLE-USDT	+0.0100%	8h	$1K	$1.4M	20x	as long as short
Extended PENDLE-USD	+0.0104%	1h	$174K	$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	+0.0358%	1h	$372K	$447K	15x	as long as short
Coinbase International PENDLE-PERP-INTX	+0.0368%	1h	$68K	$334K	25x	as long as short
Kraken Futures PF_PENDLEUSDshort	+0.1462%	1h	$170K	$217K	20x