PENDLE

Alert

Funding spread now, next payment 17:00 UTC−0.0533%/8h

paid, last 24h+0.079%paid, last 7 days−0.013%to open and close $10k−$58

Long on Coinbase International Short on Binance

The current rate is far above what this pair has been paying: over the last 7 days it paid -0.013% in total (about -0.7% 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	Coinbase International PENDLE-PERP-INTX	2.5580	0.0592	pay 0.0074% / 1h	35m 36s	$115K	$433K	25x
Short	Binance PENDLEUSDT	2.5589	0.0059	get 0.0059% / 8h	6h 35m	$28.0M	$35.0M	75x

Funding history

latest

Range statsloading…

Funding on every exchange

click an exchange to add or hide it

latest

Profit calculator

Position, each leg$Hold fordaysFee Coinbase InternationalbpFee BinancebpOrdersRate

Funding earned: −$111.88
Slippage, 4 orders: −$37.59
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Binance: 5 bp × 2 orders: −$10
Net: −$169.46
Break-even: never at this rate

Slippage from Coinbase International: live order book, 4 min ago; Binance: live order book, 7 min ago.

Price risk

price view

Price gap now: +0.033%
Avg gap 7d: −0.045%

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, 4 min ago	7.85 bp	12.8 bp −$13	doesn't fit	doesn't fit	doesn't fit
Sell Binance live order book, 7 min ago	0.20 bp	6.9 bp −$7	23.8 bp −$238	101.4 bp −$10.1K	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	−0.4277%	1h	$2K	$7K	5.5x	as long as short
Variational Omni PENDLE	−0.0235%	8h	$663K	$2.2M	—	as long as short
Aster PENDLEUSDT	−0.0028%	8h	$51K	$133K	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	+0.0016%	1h	$4K	—	15x	as long as short
BloFin PENDLE-USDT	+0.0044%	8h	$1.4M	$848K	75x	as long as short
Orderly PERP_PENDLE_USDC	+0.0049%	8h	$20K	$4K	10x	as long as short
Extended PENDLE-USD	+0.0056%	1h	$168K	$518K	10x	as long as short
MEXC PENDLE_USDT	+0.0057%	8h	$17.0M	$2.2M	125x	as long as short

Show all 29 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Binance PENDLEUSDTshort	+0.0059%	8h	$28.0M	$35.0M	75x
Gate PENDLE_USDT	+0.0092%	8h	$821K	$1.1M	75x	as long as short
Lighter PENDLE	+0.0096%	1h	$560K	$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 PENDLEUSDT	+0.0100%	8h	$15.9M	$11.8M	50x	as long as short
OKX PENDLE-USDT-SWAP	+0.0100%	4h	$3.3M	$5.2M	50x	as long as short
KuCoin PENDLEUSDTM	+0.0100%	8h	$940K	$561K	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	$416K	10x	as long as short
ApeX Omni PENDLEUSDT	+0.0100%	1h	$78K	$238K	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-INTXlong	+0.0592%	1h	$115K	$433K	25x
Backpack PENDLE_USDC_PERP	+0.0712%	1h	$374K	$458K	15x	as long as short
Kraken Futures PF_PENDLEUSD	+0.2119%	1h	$156K	$269K	20x	as long as short