PENDLE

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0168%/8h= +18.4% APRnext payment +$0.21 per $10,000 · paid last 24h +0.078%

Price spread now: GMX against dYdX+0.160%7-day average — · you sell dearer than you buy

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

Long on dYdX Short on GMX

What this pair did over the last

the charts below follow

Funding, last 4 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 for this trade now. Funding pays +$5 a day on $10k at the current rate, and GMX is 0.160% dearer against dYdX than usual: you sell high and buy low: +$16 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	dYdX PENDLE-USD	2.4166	0	get 0.0000% / 1h	29m 12s	$10K	—	5x
Short	GMX PENDLE/USD [PENDLE-USDC]	2.4205	L +0.0151% / S −0.0168%	get 0.0021% / 1h	29m 12s	$5K	—	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX against dYdX. 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 dYdXbpFee GMXbpOrdersPrice spread, now +0.160%Rate

Funding earned: $35.21
Price spread: +0.160% → 0.000%: $15.98
Slippage, 4 orders: no order book: not counted
Fee dYdX: 5 bp × 2 orders: −$10
Fee GMX: 6 bp × 2 orders: −$12
Net: $29.19
Costs to cover: 0.220%
Break-even: 1.2 days

Slippage unknown: dYdX: 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 dYdX no order-book sample	—	—	—	—	—
Sell GMX no order-book sample	—	—	—	—	—

dYdX 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	−0.3627%	1h	2.3970	−0.811%	$2K	$55K	5.5x	as long as short
GRVT PENDLE_USDT_Perp	−0.0976%	8h	2.4194	+0.115%	$410K	$2.6M	10x	as long as short
Deribit PENDLE_USDC-PERPETUAL	−0.0329%	1h	2.4158	−0.033%	$24K	$16K	10x	as long as short
Gate PENDLE_USDT	−0.0175%	8h	2.4150	−0.066%	$766K	$992K	75x	as long as short
Extended PENDLE-USD	−0.0104%	1h	2.4142	−0.097%	$160K	$932K	10x	as long as short
MEXC PENDLE_USDT	−0.0102%	8h	2.4149	−0.070%	$17.9M	$2.1M	125x	as long as short
Binance PENDLEUSDT	−0.0102%	8h	2.4143	−0.095%	$25.3M	$46.0M	75x	as long as short
BloFin PENDLE-USDT	−0.0072%	8h	2.4144	−0.091%	$1.1M	$503K	75x	as long as short
ApeX Omni PENDLEUSDT	−0.0061%	1h	2.4183	+0.071%	$74K	$231K	50x	as long as short
Orderly PERP_PENDLE_USDC	−0.0014%	8h	2.4143	−0.095%	$18K	$15K	10x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
dYdX PENDLE-USDlong	0.0000%	1h	2.4166	long leg	$10K	—	5x
Bybit PENDLEUSDT	+0.0006%	8h	2.4122	−0.182%	$14.0M	$11.9M	50x	as long as short
Aster PENDLEUSDT	+0.0011%	8h	2.4154	−0.049%	$47K	$169K	10x	as long as short
Aevo PENDLE-PERP	+0.0056%	1h	2.4139	−0.109%	$25K	—	3x	as long as short
Reya PENDLERUSDPERP	+0.0088%	1h	2.4188	+0.093%	$3K	—	15x	as long as short
Lighter PENDLE	+0.0096%	1h	2.4150	−0.066%	$521K	$430K	5x	as long as short
Paradex PENDLE-USD-PERP	+0.0100%	8h	2.4147	−0.076%	$34K	$3K	10x	as long as short
Hyperliquid PENDLE	+0.0100%	1h	2.4177	+0.046%	$12.6M	$6.1M	5x	as long as short
OKX PENDLE-USDT-SWAP	+0.0100%	4h	2.4140	−0.107%	$3.1M	$6.7M	50x	as long as short
KuCoin PENDLEUSDTM	+0.0100%	8h	2.4139	−0.111%	$683K	$596K	50x	as long as short
Bitget PENDLEUSDT	+0.0100%	8h	2.4143	−0.095%	$3.7M	$2.4M	75x	as long as short
BingX PENDLE-USDT	+0.0100%	8h	2.4143	−0.095%	—	$8.3M	—	as long as short
Variational Omni PENDLE	+0.0100%	8h	2.4166	0.000%	$563K	$1.2M	—	as long as short
edgeX PENDLEUSDC	+0.0100%	4h	2.4174	+0.034%	$24K	$370K	10x	as long as short
Polymarket Perps PENDLE-USD	+0.0100%	1h	2.4160	−0.024%	$16K	$4K	5x	as long as short
SunX PENDLE-USDT	+0.0100%	8h	2.4177	+0.046%	$1K	$1.8M	20x	as long as short
GMX PENDLE/USD [PENDLE-USDC]short	L +0.0151% / S −0.0168%	1h	2.4205	+0.160%	$5K	—	100x
Coinbase International PENDLE-PERP-INTX	+0.0664%	1h	2.4190	+0.100%	$162K	$516K	25x	as long as short
Backpack PENDLE_USDC_PERP	+0.0675%	1h	2.4198	+0.133%	$357K	$433K	15x	as long as short
Kraken Futures PF_PENDLEUSD	+0.1286%	1h	2.4131	−0.145%	$114K	$257K	20x	as long as short