PENDLE

Alert

Funding spread now, next payment 16:00 UTC−0.0364%/8h

next payment, per $10,000−$0.45paid, last 24h+0.087%paid, last 7 days−0.086%to open and closeno order book

Long on Coinbase International Short on ApeX Omni

The current rate is far above what this pair has been paying: over the last 7 days it paid -0.086% in total (about -4.5% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.45 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	Coinbase International PENDLE-PERP-INTX	2.5700	0.0432	pay 0.0054% / 1h	14m 44s	$115K	$433K	25x
Short	ApeX Omni PENDLEUSDT	2.5587	0.0068	get 0.0009% / 1h	14m 44s	$78K	$238K	50x

Funding history

latest

Range statsloading…

Funding on every exchange

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latest

Profit calculator

Position, each leg$Hold fordaysFee Coinbase InternationalbpFee ApeX OmnibpOrdersRate

Funding earned: −$76.41
Slippage, 4 orders: no order book: not counted
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$96.41
Break-even: never at this rate

Slippage unknown: Coinbase International: live order book, 30 min ago; ApeX Omni: live order book, 28 min ago. Net counts fees only.

Price risk

price view

Price gap now: −0.440%
Avg gap 7d: −0.003%

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 Coinbase International live order book, 30 min ago	17.27 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell ApeX Omni live order book, 28 min ago	6.34 bp	13.9 bp −$14	100.8 bp −$1,008	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	−0.1875%	1h	$2K	$6K	5.5x	as long as short
Variational Omni PENDLE	−0.0278%	8h	$661K	$2.2M	—	as long as short
Bybit PENDLEUSDT	−0.0185%	8h	$16.0M	$11.8M	50x	as long as short
Aster PENDLEUSDT	−0.0008%	8h	$51K	$130K	10x	as long as short
dYdX PENDLE-USD	0.0000%	1h	$11K	—	5x	as long as short
Deribit PENDLE_USDC-PERPETUAL	0.0000%	1h	$30K	$11K	10x	as long as short
Reya PENDLERUSDPERP	+0.0012%	1h	$4K	—	15x	as long as short
Orderly PERP_PENDLE_USDC	+0.0052%	8h	$20K	$4K	10x	as long as short
ApeX Omni PENDLEUSDTshort	+0.0068%	1h	$78K	$238K	50x
Binance PENDLEUSDT	+0.0086%	8h	$28.3M	$34.0M	75x	as long as short

Show all 29 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Extended PENDLE-USD	+0.0088%	1h	$168K	$520K	10x	as long as short
MEXC PENDLE_USDT	+0.0088%	8h	$16.7M	$2.2M	125x	as long as short
Lighter PENDLE	+0.0096%	1h	$559K	$359K	5x	as long as short
Paradex PENDLE-USD-PERP	+0.0100%	8h	$36K	$30K	10x	as long as short
Hyperliquid PENDLE	+0.0100%	1h	$12.2M	$5.3M	5x	as long as short
OKX PENDLE-USDT-SWAP	+0.0100%	4h	$3.3M	$5.1M	50x	as long as short
Gate PENDLE_USDT	+0.0100%	8h	$817K	$1.1M	75x	as long as short
KuCoin PENDLEUSDTM	+0.0100%	8h	$926K	$554K	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	—	$34.3M	—	as long as short
edgeX PENDLEUSDC	+0.0100%	4h	$25K	$417K	10x	as long as short
Polymarket Perps PENDLE-USD	+0.0100%	1h	$16K	$38K	5x	as long as short
SunX PENDLE-USDT	+0.0100%	8h	$2K	$1.5M	20x	as long as short
Aevo PENDLE-PERP	+0.0104%	1h	$27K	—	3x	as long as short
BloFin PENDLE-USDT	+0.0106%	8h	$1.4M	$849K	75x	as long as short
GMX PENDLE/USD [PENDLE-USDC]	L +0.0200% / S −0.0272%	1h	$5K	—	100x	as long as short
Backpack PENDLE_USDC_PERP	+0.0242%	1h	$372K	$453K	15x	as long as short
Coinbase International PENDLE-PERP-INTXlong	+0.0432%	1h	$115K	$433K	25x
Kraken Futures PF_PENDLEUSD	+0.1762%	1h	$157K	$266K	20x	as long as short