PENDLE

Alert

Funding spread now, next payment 15:00 UTC−0.0396%/8h

paid, last 24h+0.110%paid, last 7 days+0.018%to open and close $10k−$67

Long on Coinbase International Short on BingX

The current rate is far above what this pair has been paying: over the last 7 days it paid 0.018% in total (about 1.0% 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	2.6170	0.0496	pay 0.0062% / 1h	11m 17s	$99K	$397K	25x
Short	BingX PENDLE-USDT	2.6151	0.0100	get 0.0100% / 8h	11m 17s	—	$34.2M	—

Funding history

latest

Range statsloading…

Funding on every exchange

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latest

Profit calculator

Position, each leg$Hold fordaysFee Coinbase InternationalbpFee BingXbpOrdersRate

Funding earned: −$83.16
Slippage, 4 orders: −$46.94
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee BingX: 5 bp × 2 orders: −$10
Net: −$150.1
Break-even: never at this rate

Slippage from Coinbase International: live order book, 38 min ago; BingX: live order book, 4 min ago.

Price risk

price view

Price gap now: −0.073%
Avg gap 7d: −0.071%

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, 38 min ago	5.63 bp	14.3 bp −$14	doesn't fit	doesn't fit	doesn't fit
Sell BingX live order book, 4 min ago	2.87 bp	13.4 bp −$13	23.5 bp −$235	140.7 bp −$14.1K	406.8 bp −$203.4K

PENDLE on 29 venues

lowest funding first. Swap a leg.

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Injective PENDLE/USDC PERP	−0.1178%	1h	$2K	$6K	5.5x	as long as short
Variational Omni PENDLE	−0.0281%	8h	$818K	$2.2M	—	as long as short
Bybit PENDLEUSDT	−0.0246%	8h	$16.3M	$11.5M	50x	as long as short
Polymarket Perps PENDLE-USD	−0.0023%	1h	$18K	$53K	5x	as long as short
dYdX PENDLE-USD	0.0000%	1h	$11K	—	5x	as long as short
Deribit PENDLE_USDC-PERPETUAL	0.0000%	1h	$31K	$10K	10x	as long as short
Gate PENDLE_USDT	+0.0003%	8h	$813K	$1.1M	75x	as long as short
Reya PENDLERUSDPERP	+0.0008%	1h	$4K	—	15x	as long as short
Aster PENDLEUSDT	+0.0030%	8h	$51K	$125K	10x	as long as short
Orderly PERP_PENDLE_USDC	+0.0056%	8h	$21K	$4K	10x	as long as short

Show all 29 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
BloFin PENDLE-USDT	+0.0087%	8h	$1.5M	$862K	75x	as long as short
Lighter PENDLE	+0.0096%	1h	$569K	$359K	5x	as long as short
Paradex PENDLE-USD-PERP	+0.0100%	8h	$37K	$30K	10x	as long as short
Hyperliquid PENDLE	+0.0100%	1h	$12.4M	$5.2M	5x	as long as short
Binance PENDLEUSDT	+0.0100%	8h	$29.1M	$32.8M	75x	as long as short
OKX PENDLE-USDT-SWAP	+0.0100%	4h	$3.2M	$4.8M	50x	as long as short
MEXC PENDLE_USDT	+0.0100%	8h	$17.0M	$2.1M	125x	as long as short
KuCoin PENDLEUSDTM	+0.0100%	8h	$1.0M	$489K	50x	as long as short
Bitget PENDLEUSDT	+0.0100%	8h	$3.9M	$2.6M	75x	as long as short
BingX PENDLE-USDTshort	+0.0100%	8h	—	$34.2M	—
edgeX PENDLEUSDC	+0.0100%	4h	$26K	$414K	10x	as long as short
ApeX Omni PENDLEUSDT	+0.0100%	1h	$79K	$236K	50x	as long as short
SunX PENDLE-USDT	+0.0100%	8h	$2K	$1.5M	20x	as long as short
Extended PENDLE-USD	+0.0104%	1h	$172K	$520K	10x	as long as short
Aevo PENDLE-PERP	+0.0104%	1h	$27K	—	3x	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	+0.0493%	1h	$370K	$447K	15x	as long as short
Coinbase International PENDLE-PERP-INTXlong	+0.0496%	1h	$99K	$397K	25x
Kraken Futures PF_PENDLEUSD	+0.1869%	1h	$166K	$219K	20x	as long as short