PENDLE

Alert

Funding spread now, next payment 15:00 UTC−0.0444%/8h

paid, last 24h+0.099%paid, last 5 days−0.091%to open and closeno order book

Long on Coinbase International Short on Orderly

The current rate is far above what this pair has been paying: over the last 5 days it paid -0.091% in total (about -7.2% 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	2.6440	0.0496	pay 0.0062% / 1h	54m 21s	$85K	$367K	25x
Short	Orderly PERP_PENDLE_USDC	2.6450	0.0052	get 0.0052% / 8h	54m 21s	$21K	$4K	10x

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 OrderlybpOrdersRate

Funding earned: −$93.29
Slippage, 4 orders: no order book: not counted
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Orderly: 3 bp × 2 orders: −$6
Net: −$109.29
Break-even: never at this rate

Slippage unknown: Coinbase International: live order book, 60 min ago; Orderly: no order-book sample. Net counts fees only.

Price risk

price view

Price gap now: +0.038%
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 Coinbase International live order book, 60 min ago	7.52 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell Orderly no order-book sample	—	—	—	—	—

Orderly: 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	−0.1178%	1h	$3K	$6K	5.5x	as long as short
Variational Omni PENDLE	−0.0230%	8h	$884K	$2.1M	—	as long as short
Bybit PENDLEUSDT	−0.0191%	8h	$16.4M	$11.4M	50x	as long as short
Deribit PENDLE_USDC-PERPETUAL	−0.0128%	1h	$31K	$10K	10x	as long as short
Gate PENDLE_USDT	−0.0022%	8h	$826K	$1.0M	75x	as long as short
dYdX PENDLE-USD	0.0000%	1h	$11K	—	5x	as long as short
Reya PENDLERUSDPERP	+0.0004%	1h	$4K	—	15x	as long as short
Orderly PERP_PENDLE_USDCshort	+0.0052%	8h	$21K	$4K	10x
Aster PENDLEUSDT	+0.0060%	8h	$51K	$122K	10x	as long as short
Lighter PENDLE	+0.0096%	1h	$576K	$356K	5x	as long as short

Show all 29 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Paradex PENDLE-USD-PERP	+0.0100%	8h	$37K	$30K	10x	as long as short
Hyperliquid PENDLE	+0.0100%	1h	$12.5M	$5.1M	5x	as long as short
Binance PENDLEUSDT	+0.0100%	8h	$29.5M	$31.8M	75x	as long as short
OKX PENDLE-USDT-SWAP	+0.0100%	4h	$3.3M	$4.8M	50x	as long as short
MEXC PENDLE_USDT	+0.0100%	8h	$17.1M	$2.0M	125x	as long as short
KuCoin PENDLEUSDTM	+0.0100%	8h	$1.1M	$466K	50x	as long as short
Bitget PENDLEUSDT	+0.0100%	8h	$4.0M	$2.6M	75x	as long as short
BingX PENDLE-USDT	+0.0100%	8h	—	$34.1M	—	as long as short
edgeX PENDLEUSDC	+0.0100%	4h	$26K	$414K	10x	as long as short
ApeX Omni PENDLEUSDT	+0.0100%	1h	$80K	$235K	50x	as long as short
Polymarket Perps PENDLE-USD	+0.0100%	1h	$18K	$65K	5x	as long as short
SunX PENDLE-USDT	+0.0100%	8h	$1K	$1.4M	20x	as long as short
BloFin PENDLE-USDT	+0.0103%	8h	$1.5M	$851K	75x	as long as short
Extended PENDLE-USD	+0.0104%	1h	$175K	$520K	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	$5K	—	100x	as long as short
Backpack PENDLE_USDC_PERP	+0.0249%	1h	$375K	$446K	15x	as long as short
Coinbase International PENDLE-PERP-INTXlong	+0.0496%	1h	$85K	$367K	25x
Kraken Futures PF_PENDLEUSD	+0.1847%	1h	$171K	$215K	20x	as long as short