PENDLE

Alert

Funding spread now, next payment 14:00 UTC+0.0086%/8h

paid, last 24h−0.034%paid, last 3 days−0.190%to open and closeno order book

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit PENDLEUSDT	2.6620	−0.0090	get 0.0090% / 8h	2h 34m	$16.6M	$10.7M	50x
Short	Reya PENDLERUSDPERP	2.6624	−0.0004	pay 0.0000% / 1h	34m 41s	$4K	—	15x

Funding history

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Funding on every exchange

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Profit calculator

Position, each leg$Hold fordaysFee BybitbpFee ReyabpOrdersRate

Funding earned: $18.04
Slippage, 4 orders: no order book: not counted
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Reya: 3 bp × 2 orders: −$6
Net: $1.04
Break-even: 6.6 days

Slippage unknown: Bybit: live order book, just now; Reya: no order-book sample. Net counts fees only.

Price risk

price view

Price gap now: +0.014%
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, just now	1.88 bp	20.0 bp −$20	45.5 bp −$455	doesn't fit	doesn't fit
Sell Reya no order-book sample	—	—	—	—	—

Reya: 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	−0.0760%	1h	$4K	$51K	5.5x	as long as short
Variational Omni PENDLE	−0.0114%	8h	$901K	$2.1M	—	as long as short
Bybit PENDLEUSDTlong	−0.0090%	8h	$16.6M	$10.7M	50x
ApeX Omni PENDLEUSDT	−0.0075%	1h	$81K	$237K	50x	as long as short
Reya PENDLERUSDPERPshort	−0.0004%	1h	$4K	—	15x
dYdX PENDLE-USD	0.0000%	1h	$11K	—	5x	as long as short
Deribit PENDLE_USDC-PERPETUAL	0.0000%	1h	$29K	$8K	10x	as long as short
Gate PENDLE_USDT	+0.0025%	8h	$833K	$991K	75x	as long as short
Orderly PERP_PENDLE_USDC	+0.0043%	8h	$22K	$4K	10x	as long as short
BloFin PENDLE-USDT	+0.0075%	8h	$1.5M	$819K	75x	as long as short

Show all 29 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Aster PENDLEUSDT	+0.0080%	8h	$51K	$116K	10x	as long as short
Lighter PENDLE	+0.0096%	1h	$577K	$275K	5x	as long as short
Paradex PENDLE-USD-PERP	+0.0100%	8h	$37K	$32K	10x	as long as short
Binance PENDLEUSDT	+0.0100%	8h	$29.7M	$29.8M	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	$17.3M	$1.8M	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	—	$34.0M	—	as long as short
Backpack PENDLE_USDC_PERP	+0.0100%	1h	$345K	$426K	15x	as long as short
edgeX PENDLEUSDC	+0.0100%	4h	$27K	$413K	10x	as long as short
Polymarket Perps PENDLE-USD	+0.0100%	1h	$19K	$86K	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	$178K	$516K	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	+0.0200%	1h	$72K	$319K	25x	as long as short
Hyperliquid PENDLE	+0.0312%	1h	$12.7M	$4.6M	5x	as long as short
Kraken Futures PF_PENDLEUSD	+0.0947%	1h	$151K	$187K	20x	as long as short