Funding you earn now, next payment 02:00 UTC−0.0527%/8h= −57.8% APRpaid last 24h −0.052%
Price spread now: Deribit against edgeX−0.043%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 5 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Both sides work against this trade now: funding costs −$16 a day on $10k at the current rate, and Deribit is 0.043% cheaper against edgeX than usual: you would sell low and buy high (−$4 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | edgeX PENDLEUSDC | 2.5090 | 0.0100 | pay 0.0050% / 4h | 2h 02m | $25K | $379K | 10x |
| Short | Deribit PENDLE_USDC-PERPETUAL | 2.5079 | −0.0427 | pay 0.0053% / 1h | 2m 32s | $26K | $14K | 10x |
edgeX PENDLEUSDC
Deribit PENDLE_USDC-PERPETUALFunding history
latest
Range statsloading…
Price spread between the two exchanges
Deribit against edgeX. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$110.75
- Price spread: −0.043% → 0.000%
- −$4.3
- Slippage, 4 orders
- no order book: not counted
- Fee edgeX: 4.5 bp × 2 orders
- −$9
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- −$131.05
- Costs to cover
- 0.160%
- Break-even
- never at this rate
Slippage unknown: edgeX: live order book, 1 min ago; Deribit: 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 edgeX live order book, 1 min ago | 2.39 bp | 7.2 bp −$7 | 14.7 bp −$147 | doesn't fit | doesn't fit |
| Sell Deribit no order-book sample | — | — | — | — | — |
Deribit: 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: 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 | −0.4742% | 1h | 2.4870 | −0.876% | $2K | $54K | 5.5x | as long as short |
| Deribit PENDLE_USDC-PERPETUALshort | −0.0427% | 1h | 2.5079 | −0.043% | $26K | $14K | 10x | |
| Extended PENDLE-USD | −0.0136% | 1h | 2.5125 | +0.141% | $163K | $570K | 10x | as long as short |
| Binance PENDLEUSDT | −0.0134% | 8h | 2.5139 | +0.196% | $27.0M | $43.3M | 75x | as long as short |
| MEXC PENDLE_USDT | −0.0133% | 8h | 2.5109 | +0.077% | $17.4M | $1.8M | 125x | as long as short |
| ApeX Omni PENDLEUSDT | −0.0117% | 1h | 2.5103 | +0.053% | $77K | $236K | 50x | as long as short |
| GRVT PENDLE_USDT_Perp | −0.0115% | 8h | 2.5046 | −0.175% | $421K | $1.7M | 10x | as long as short |
| Aster PENDLEUSDT | −0.0046% | 8h | 2.5101 | +0.045% | $50K | $181K | 10x | as long as short |
| Variational Omni PENDLE | −0.0040% | 8h | 2.5086 | −0.017% | $613K | $1.8M | — | as long as short |
| Gate PENDLE_USDT | −0.0039% | 8h | 2.5110 | +0.081% | $760K | $1.2M | 75x | as long as short |
Injective PENDLE/USDC PERP
Extended PENDLE-USD
Binance PENDLEUSDT
MEXC PENDLE_USDT
ApeX Omni PENDLEUSDT
GRVT PENDLE_USDT_Perp
Aster PENDLEUSDT
Variational Omni PENDLE
Gate PENDLE_USDTShow all 29 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Orderly PERP_PENDLE_USDC | −0.0038% | 8h | 2.5064 | −0.103% | $20K | $15K | 10x | as long as short |
| dYdX PENDLE-USD | 0.0000% | 1h | 2.5095 | +0.023% | $11K | — | 5x | as long as short |
| Bybit PENDLEUSDT | +0.0026% | 8h | 2.5131 | +0.164% | $15.2M | $12.0M | 50x | as long as short |
| Aevo PENDLE-PERP | +0.0048% | 1h | 2.5076 | −0.057% | $26K | — | 3x | as long as short |
| Reya PENDLERUSDPERP | +0.0057% | 1h | 2.5142 | +0.206% | $4K | — | 15x | as long as short |
| Lighter PENDLE | +0.0096% | 1h | 2.5114 | +0.097% | $535K | $416K | 5x | as long as short |
| Paradex PENDLE-USD-PERP | +0.0100% | 8h | 2.5131 | +0.162% | $35K | $16K | 10x | as long as short |
| Hyperliquid PENDLE | +0.0100% | 1h | 2.5186 | +0.383% | $12.9M | $6.3M | 5x | as long as short |
| OKX PENDLE-USDT-SWAP | +0.0100% | 4h | 2.5130 | +0.160% | $3.2M | $6.1M | 50x | as long as short |
| KuCoin PENDLEUSDTM | +0.0100% | 8h | 2.5104 | +0.057% | $863K | $593K | 50x | as long as short |
| Bitget PENDLEUSDT | +0.0100% | 8h | 2.5142 | +0.208% | $3.8M | $2.4M | 75x | as long as short |
| BingX PENDLE-USDT | +0.0100% | 8h | 2.5133 | +0.172% | — | $33.6M | — | as long as short |
| edgeX PENDLEUSDClong | +0.0100% | 4h | 2.5090 | long leg | $25K | $379K | 10x | |
| Polymarket Perps PENDLE-USD | +0.0100% | 1h | 2.5160 | +0.280% | $16K | $20K | 5x | as long as short |
| SunX PENDLE-USDT | +0.0100% | 8h | 2.5086 | −0.015% | $1K | $1.8M | 20x | as long as short |
| GMX PENDLE/USD [PENDLE-USDC] | L +0.0182% / S −0.0298% | 1h | 2.5083 | −0.027% | $7K | — | 100x | as long as short |
| Backpack PENDLE_USDC_PERP | +0.0412% | 1h | 2.5112 | +0.089% | $352K | $434K | 15x | as long as short |
| Coinbase International PENDLE-PERP-INTX | +0.0632% | 1h | 2.5100 | +0.041% | $144K | $471K | 25x | as long as short |
| Kraken Futures PF_PENDLEUSD | +0.0867% | 1h | 2.5134 | +0.177% | $117K | $289K | 20x | as long as short |
Orderly PERP_PENDLE_USDC
dYdX PENDLE-USD
Bybit PENDLEUSDT
Aevo PENDLE-PERP
Reya PENDLERUSDPERP
Lighter PENDLE
Paradex PENDLE-USD-PERP
Hyperliquid PENDLE
OKX PENDLE-USDT-SWAP
KuCoin PENDLEUSDTM
Bitget PENDLEUSDT
BingX PENDLE-USDT
Polymarket Perps PENDLE-USD
SunX PENDLE-USDT
GMX PENDLE/USD [PENDLE-USDC]
Backpack PENDLE_USDC_PERP
Coinbase International PENDLE-PERP-INTX
Kraken Futures PF_PENDLEUSD