PENDLE

Alert

Funding spread now, next payment 18:00 UTC−0.0524%/8h

paid, last 24h+0.064%paid, last 3 days−0.060%to open and closeno order book

Long on Coinbase International Short on Paradex

The current rate is far above what this pair has been paying: over the last 3 days it paid -0.060% in total (about -6.3% 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	2.5510	0.0624	pay 0.0078% / 1h	26m 37s	$116K	$457K	25x
Short	Paradex PENDLE-USD-PERP	2.5444	0.0100	get 0.0100% / 8h	5h 26m	$36K	$28K	10x

Funding history

latest

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Funding on every exchange

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latest

Profit calculator

Position, each leg$Hold fordaysFee Coinbase InternationalbpFee ParadexbpOrdersRate

Funding earned: −$110.04
Slippage, 4 orders: no order book: not counted
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Paradex: 2 bp × 2 orders: −$4
Net: −$124.04
Break-even: never at this rate

Slippage unknown: Coinbase International: live order book, 8 min ago; Paradex: no order-book sample. Net counts fees only.

Price risk

price view

Price gap now: −0.257%
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, 8 min ago	9.78 bp	18.6 bp −$19	doesn't fit	doesn't fit	doesn't fit
Sell Paradex no order-book sample	—	—	—	—	—

Paradex: 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	−0.4421%	1h	$2K	$7K	5.5x	as long as short
Variational Omni PENDLE	−0.0113%	8h	$657K	$2.2M	—	as long as short
Aster PENDLEUSDT	−0.0020%	8h	$52K	$139K	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	+0.0021%	1h	$4K	—	15x	as long as short
Orderly PERP_PENDLE_USDC	+0.0042%	8h	$20K	$4K	10x	as long as short
Binance PENDLEUSDT	+0.0061%	8h	$27.9M	$36.0M	75x	as long as short
BloFin PENDLE-USDT	+0.0061%	8h	$1.4M	$817K	75x	as long as short
MEXC PENDLE_USDT	+0.0062%	8h	$17.0M	$2.2M	125x	as long as short

Show all 29 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Extended PENDLE-USD	+0.0064%	1h	$168K	$519K	10x	as long as short
Lighter PENDLE	+0.0096%	1h	$557K	$358K	5x	as long as short
Aevo PENDLE-PERP	+0.0096%	1h	$27K	—	3x	as long as short
Paradex PENDLE-USD-PERPshort	+0.0100%	8h	$36K	$28K	10x
Hyperliquid PENDLE	+0.0100%	1h	$12.3M	$5.4M	5x	as long as short
Bybit PENDLEUSDT	+0.0100%	8h	$15.9M	$11.9M	50x	as long as short
OKX PENDLE-USDT-SWAP	+0.0100%	4h	$3.3M	$5.3M	50x	as long as short
Gate PENDLE_USDT	+0.0100%	8h	$819K	$1.0M	75x	as long as short
KuCoin PENDLEUSDTM	+0.0100%	8h	$934K	$603K	50x	as long as short
Bitget PENDLEUSDT	+0.0100%	8h	$3.9M	$2.6M	75x	as long as short
BingX PENDLE-USDT	+0.0100%	8h	—	$34.2M	—	as long as short
edgeX PENDLEUSDC	+0.0100%	4h	$25K	$414K	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	$1K	$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
Backpack PENDLE_USDC_PERP	+0.0606%	1h	$375K	$460K	15x	as long as short
Coinbase International PENDLE-PERP-INTXlong	+0.0624%	1h	$116K	$457K	25x
Kraken Futures PF_PENDLEUSD	+0.1432%	1h	$159K	$251K	20x	as long as short