PENDLE

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0482%/8h= +52.7% APRnext payment +$0.60 per $10,000 · paid last 24h +0.094%

Price spread now: GMX against Deribit+0.016%7-day average — · you sell dearer than you buy

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

Long on Deribit Short on GMX

What this pair did over the last

the charts below follow

Funding, last 3 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

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: +$14 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit PENDLE_USDC-PERPETUAL	2.5221	−0.0226	get 0.0028% / 1h	24m 44s	$30K	$10K	10x
Short	GMX PENDLE/USD [PENDLE-USDC]	2.5225	L +0.0199% / S −0.0256%	get 0.0032% / 1h	24m 44s	$5K	—	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX against Deribit. 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 DeribitbpFee GMXbpOrdersPrice spread, now +0.016%Rate

Funding earned: $101.15
Price spread: +0.016% → 0.000%: $1.65
Slippage, 4 orders: no order book: not counted
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee GMX: 6 bp × 2 orders: −$12
Net: $83.8
Costs to cover: 0.190%
Break-even: 1.2 days

Slippage unknown: Deribit: no order-book sample; GMX: 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 Deribit no order-book sample	—	—	—	—	—
Sell GMX no order-book sample	—	—	—	—	—

Deribit and GMX: 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 venues

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
Injective PENDLE/USDC PERP	−0.5000%	1h	2.4940	−1.114%	$2K	$54K	5.5x	as long as short
Deribit PENDLE_USDC-PERPETUALlong	−0.0226%	1h	2.5221	long leg	$30K	$10K	10x
ApeX Omni PENDLEUSDT	−0.0040%	1h	2.5239	+0.071%	$77K	$239K	50x	as long as short
Binance PENDLEUSDT	−0.0034%	8h	2.5211	−0.040%	$27.3M	$42.0M	75x	as long as short
BloFin PENDLE-USDT	−0.0032%	8h	2.5219	−0.008%	$1.3M	$713K	75x	as long as short
Extended PENDLE-USD	−0.0032%	1h	2.5189	−0.127%	$166K	$528K	10x	as long as short
MEXC PENDLE_USDT	−0.0032%	8h	2.5222	+0.004%	$17.1M	$1.9M	125x	as long as short
Orderly PERP_PENDLE_USDC	−0.0003%	8h	2.5212	−0.036%	$20K	$16K	10x	as long as short
dYdX PENDLE-USD	0.0000%	1h	2.5221	0.000%	$11K	—	5x	as long as short
Variational Omni PENDLE	+0.0036%	8h	2.5202	−0.075%	$595K	$1.9M	—	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT PENDLE_USDT_Perp	+0.0045%	8h	2.5244	+0.092%	$418K	$1.6M	10x	as long as short
Reya PENDLERUSDPERP	+0.0045%	1h	2.5216	−0.020%	$4K	—	15x	as long as short
Aevo PENDLE-PERP	+0.0072%	1h	2.5217	−0.018%	$26K	—	3x	as long as short
Lighter PENDLE	+0.0096%	1h	2.5225	+0.016%	$532K	$416K	5x	as long as short
Paradex PENDLE-USD-PERP	+0.0100%	8h	2.5195	−0.104%	$35K	$18K	10x	as long as short
Aster PENDLEUSDT	+0.0100%	8h	2.5238	+0.067%	$46K	$177K	10x	as long as short
Bybit PENDLEUSDT	+0.0100%	8h	2.5191	−0.119%	$15.5M	$11.9M	50x	as long as short
OKX PENDLE-USDT-SWAP	+0.0100%	4h	2.5180	−0.163%	$3.2M	$6.0M	50x	as long as short
Gate PENDLE_USDT	+0.0100%	8h	2.5210	−0.044%	$785K	$1.2M	75x	as long as short
KuCoin PENDLEUSDTM	+0.0100%	8h	2.5231	+0.040%	$886K	$600K	50x	as long as short
Bitget PENDLEUSDT	+0.0100%	8h	2.5216	−0.020%	$3.8M	$2.5M	75x	as long as short
BingX PENDLE-USDT	+0.0100%	8h	2.5199	−0.087%	—	$35.7M	—	as long as short
edgeX PENDLEUSDC	+0.0100%	4h	2.5231	+0.040%	$25K	$381K	10x	as long as short
Polymarket Perps PENDLE-USD	+0.0100%	1h	2.5230	+0.036%	$16K	$20K	5x	as long as short
SunX PENDLE-USDT	+0.0100%	8h	2.5213	−0.032%	$2K	$1.8M	20x	as long as short
GMX PENDLE/USD [PENDLE-USDC]short	L +0.0199% / S −0.0256%	1h	2.5225	+0.016%	$5K	—	100x
Hyperliquid PENDLE	+0.0333%	1h	2.5264	+0.170%	$12.8M	$6.2M	5x	as long as short
Kraken Futures PF_PENDLEUSD	+0.0594%	1h	2.5263	+0.167%	$119K	$299K	20x	as long as short
Coinbase International PENDLE-PERP-INTX	+0.0600%	1h	2.5340	+0.472%	$141K	$452K	25x	as long as short
Backpack PENDLE_USDC_PERP	+0.0782%	1h	2.5257	+0.143%	$332K	$490K	15x	as long as short