PENDLE

Alert: funding

Alert: spread

Funding you earn now, next payment 10:00 UTC−0.0680%/8h= −74.5% APRnext payment −$0.85 per $10,000 · paid last 24h −0.160%

Price spread now: dYdX against Coinbase International−0.135%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Coinbase International Short on dYdX

What this pair did over the last

the charts below follow

Funding, last 6 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Both sides work against this trade now: funding costs −$20 a day on $10k at the current rate, and dYdX is 0.135% cheaper against Coinbase International than usual: you would sell low and buy high (−$13 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International PENDLE-PERP-INTX	2.4100	0.0680	pay 0.0085% / 1h	8m 44s	$160K	$539K	25x
Short	dYdX PENDLE-USD	2.4068	0	get 0.0000% / 1h	8m 44s	$10K	—	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

dYdX against Coinbase International. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee Coinbase InternationalbpFee dYdXbpOrdersPrice spread, now −0.135%Rate

Funding earned: −$142.8
Price spread: −0.135% → 0.000%: −$13.47
Slippage, 4 orders: no order book: not counted
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee dYdX: 5 bp × 2 orders: −$10
Net: −$176.27
Costs to cover: 0.200%
Break-even: never at this rate

Slippage unknown: Coinbase International: live order book, 37 min ago; dYdX: no order-book sample. Net counts fees only.

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, 37 min ago	6.17 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell dYdX no order-book sample	—	—	—	—	—

dYdX: 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 30 exchanges

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Kraken Futures PF_PENDLEUSD	−0.0400%	1h	2.4110	+0.042%	$124K	$255K	20x	as long as short
Extended PENDLE-USD	−0.0088%	1h	2.4085	−0.063%	$156K	$940K	10x	as long as short
MEXC PENDLE_USDT	−0.0088%	8h	2.4099	−0.004%	$18.5M	$2.2M	125x	as long as short
Binance PENDLEUSDT	−0.0084%	8h	2.4110	+0.041%	$24.9M	$47.1M	75x	as long as short
BloFin PENDLE-USDT	−0.0071%	8h	2.4082	−0.075%	$1.1M	$524K	75x	as long as short
Aster PENDLEUSDT	−0.0021%	8h	2.4110	+0.040%	$48K	$165K	10x	as long as short
dYdX PENDLE-USDshort	0.0000%	1h	2.4068	−0.135%	$10K	—	5x
Deribit PENDLE_USDC-PERPETUAL	0.0000%	1h	2.4095	−0.021%	$24K	$10K	10x	as long as short
GRVT PENDLE_USDT_Perp	+0.0003%	8h	2.4041	−0.245%	$399K	$3.2M	10x	as long as short
Orderly PERP_PENDLE_USDC	+0.0012%	8h	2.4083	−0.071%	$18K	$15K	10x	as long as short

Show all 30 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aevo PENDLE-PERP	+0.0056%	1h	2.4074	−0.110%	$25K	—	3x	as long as short
Variational Omni PENDLE	+0.0078%	8h	2.4024	−0.316%	$547K	$922K	—	as long as short
Lighter PENDLE	+0.0096%	1h	2.4128	+0.116%	$650K	$538K	5x	as long as short
Reya PENDLERUSDPERP	+0.0100%	1h	2.4093	−0.030%	$3K	—	15x	as long as short
Paradex PENDLE-USD-PERP	+0.0100%	8h	2.4063	−0.151%	$34K	—	10x	as long as short
Bybit PENDLEUSDT	+0.0100%	8h	2.4110	+0.041%	$14.4M	$12.1M	50x	as long as short
OKX PENDLE-USDT-SWAP	+0.0100%	4h	2.4120	+0.083%	$3.1M	$6.8M	50x	as long as short
Gate PENDLE_USDT	+0.0100%	8h	2.4080	−0.083%	$767K	$990K	75x	as long as short
KuCoin PENDLEUSDTM	+0.0100%	8h	2.4071	−0.120%	$635K	$506K	50x	as long as short
Bitget PENDLEUSDT	+0.0100%	8h	2.4118	+0.075%	$3.8M	$2.5M	75x	as long as short
BingX PENDLE-USDT	+0.0100%	8h	2.4084	−0.066%	—	$8.1M	—	as long as short
edgeX PENDLEUSDC	+0.0100%	4h	2.4010	−0.373%	$22K	$363K	10x	as long as short
ApeX Omni PENDLEUSDT	+0.0100%	1h	2.4013	−0.361%	$73K	$232K	50x	as long as short
Polymarket Perps PENDLE-USD	+0.0100%	1h	2.4100	0.000%	$16K	$4K	5x	as long as short
SunX PENDLE-USDT	+0.0100%	8h	2.4109	+0.037%	$1K	$1.8M	20x	as long as short
Hyperliquid PENDLE	+0.0141%	1h	2.4151	+0.212%	$12.9M	$5.9M	5x	as long as short
GMX PENDLE/USD [PENDLE-USDC]	L +0.0175% / S −0.0165%	1h	2.4026	−0.307%	$5K	—	100x	as long as short
Coinbase International PENDLE-PERP-INTXlong	+0.0680%	1h	2.4100	long leg	$160K	$539K	25x
Backpack PENDLE_USDC_PERP	+0.0928%	1h	2.4145	+0.187%	$359K	$384K	15x	as long as short
Injective PENDLE/USDC PERP	+0.3871%	1h	2.4660	+2.324%	$2K	$55K	5.5x	as long as short