PENDLE

Alert

Funding spread now, next payment 17:00 UTC+0.0096%/8h

next payment, per $10,000+$0.12paid, last 24h+0.029%paid, last 5 days+0.182%to open and closeno order book

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	dYdX PENDLE-USD	2.5611	0	get 0.0000% / 1h	14m 08s	$11K	—	5x
Short	Lighter PENDLE	2.5630	0.0096	get 0.0012% / 1h	14m 08s	$560K	$359K	5x

Funding history

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Funding on every exchange

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Profit calculator

Position, each leg$Hold fordaysFee dYdXbpFee LighterbpOrdersRate

Funding earned: $20.16
Slippage, 4 orders: no order book: not counted
Fee dYdX: 5 bp × 2 orders: −$10
Fee Lighter: 0 bp × 2 orders: $0
Net: $10.16
Break-even: 3.5 days

Slippage unknown: dYdX: no order-book sample; Lighter: live order book, 27 min ago. Net counts fees only.

Price risk

price view

Price gap now: +0.076%
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 dYdX no order-book sample	—	—	—	—	—
Sell Lighter live order book, 27 min ago	3.66 bp	6.6 bp −$7	73.2 bp −$732	doesn't fit	doesn't fit

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 29 venues

lowest funding first. Swap a leg.

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Injective PENDLE/USDC PERP	−0.1875%	1h	$2K	$6K	5.5x	as long as short
Variational Omni PENDLE	−0.0278%	8h	$661K	$2.2M	—	as long as short
Bybit PENDLEUSDT	−0.0185%	8h	$16.0M	$11.8M	50x	as long as short
Aster PENDLEUSDT	−0.0008%	8h	$51K	$130K	10x	as long as short
dYdX PENDLE-USDlong	0.0000%	1h	$11K	—	5x
Deribit PENDLE_USDC-PERPETUAL	0.0000%	1h	$30K	$11K	10x	as long as short
Reya PENDLERUSDPERP	+0.0012%	1h	$4K	—	15x	as long as short
Orderly PERP_PENDLE_USDC	+0.0052%	8h	$20K	$4K	10x	as long as short
ApeX Omni PENDLEUSDT	+0.0068%	1h	$78K	$238K	50x	as long as short
Binance PENDLEUSDT	+0.0086%	8h	$28.3M	$34.0M	75x	as long as short

Show all 29 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Extended PENDLE-USD	+0.0088%	1h	$168K	$520K	10x	as long as short
MEXC PENDLE_USDT	+0.0088%	8h	$16.8M	$2.2M	125x	as long as short
Lighter PENDLEshort	+0.0096%	1h	$560K	$359K	5x
Paradex PENDLE-USD-PERP	+0.0100%	8h	$36K	$30K	10x	as long as short
Hyperliquid PENDLE	+0.0100%	1h	$12.3M	$5.3M	5x	as long as short
OKX PENDLE-USDT-SWAP	+0.0100%	4h	$3.3M	$5.1M	50x	as long as short
Gate PENDLE_USDT	+0.0100%	8h	$819K	$1.1M	75x	as long as short
KuCoin PENDLEUSDTM	+0.0100%	8h	$928K	$554K	50x	as long as short
Bitget PENDLEUSDT	+0.0100%	8h	$3.8M	$2.6M	75x	as long as short
BingX PENDLE-USDT	+0.0100%	8h	—	$34.3M	—	as long as short
edgeX PENDLEUSDC	+0.0100%	4h	$25K	$417K	10x	as long as short
Polymarket Perps PENDLE-USD	+0.0100%	1h	$16K	$38K	5x	as long as short
SunX PENDLE-USDT	+0.0100%	8h	$2K	$1.5M	20x	as long as short
Aevo PENDLE-PERP	+0.0104%	1h	$27K	—	3x	as long as short
BloFin PENDLE-USDT	+0.0106%	8h	$1.4M	$849K	75x	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	+0.0233%	1h	$373K	$453K	15x	as long as short
Coinbase International PENDLE-PERP-INTX	+0.0432%	1h	$115K	$433K	25x	as long as short
Kraken Futures PF_PENDLEUSD	+0.1758%	1h	$157K	$266K	20x	as long as short