PENDLE

Alert

Funding spread now, next payment 17:00 UTC+0.1685%/8h

next payment, per $10,000+$2.11paid, last 24h+0.431%paid, last 7 days+0.271%to open and close $10k−$174

Long on Extended Short on Kraken Futures

The current rate is far above what this pair has been paying: over the last 7 days it paid 0.271% in total (about 14.1% a year). A funding rate is set anew for every payment; at this rate the next one is about +$2.11 per $10,000. 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	Extended PENDLE-USD	2.5525	0.0080	pay 0.0010% / 1h	1m 29s	$168K	$520K	10x
Short	Kraken Futures PF_PENDLEUSD	2.5608	0.1765	get 0.0221% / 1h	1m 29s	$157K	$267K	20x

Funding history

latest

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Funding on every exchange

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latest

Profit calculator

Position, each leg$Hold fordaysFee ExtendedbpFee Kraken FuturesbpOrdersRate

Funding earned: $353.77
Slippage, 4 orders: −$158.84
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: $179.93
Break-even: 3.4 days

Slippage from Extended: live order book, 43 min ago; Kraken Futures: live order book, 42 min ago.

Price risk

price view

Price gap now: +0.325%
Avg gap 7d: +0.230%

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 Extended live order book, 43 min ago	1.15 bp	14.3 bp −$14	113.9 bp −$1,139	doesn't fit	doesn't fit
Sell Kraken Futures live order book, 42 min ago	15.37 bp	48.8 bp −$49	doesn't fit	doesn't fit	doesn't fit

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	−0.0266%	8h	$659K	$2.2M	—	as long as short
Bybit PENDLEUSDT	−0.0072%	8h	$16.0M	$11.8M	50x	as long as short
Aster PENDLEUSDT	−0.0019%	8h	$51K	$134K	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	+0.0013%	1h	$4K	—	15x	as long as short
Orderly PERP_PENDLE_USDC	+0.0051%	8h	$20K	$4K	10x	as long as short
Binance PENDLEUSDT	+0.0074%	8h	$28.0M	$34.4M	75x	as long as short
Gate PENDLE_USDT	+0.0078%	8h	$815K	$1.1M	75x	as long as short

Show all 29 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
MEXC PENDLE_USDT	+0.0079%	8h	$16.8M	$2.2M	125x	as long as short
Extended PENDLE-USDlong	+0.0080%	1h	$168K	$520K	10x
Lighter PENDLE	+0.0096%	1h	$558K	$359K	5x	as long as short
Paradex PENDLE-USD-PERP	+0.0100%	8h	$36K	$30K	10x	as long as short
Hyperliquid PENDLE	+0.0100%	1h	$12.2M	$5.2M	5x	as long as short
OKX PENDLE-USDT-SWAP	+0.0100%	4h	$3.3M	$5.1M	50x	as long as short
KuCoin PENDLEUSDTM	+0.0100%	8h	$929K	$558K	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	—	$34.2M	—	as long as short
edgeX PENDLEUSDC	+0.0100%	4h	$25K	$417K	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
Aevo PENDLE-PERP	+0.0104%	1h	$27K	—	3x	as long as short
BloFin PENDLE-USDT	+0.0106%	8h	$1.4M	$851K	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	+0.0264%	1h	$372K	$452K	15x	as long as short
Coinbase International PENDLE-PERP-INTX	+0.0432%	1h	$114K	$428K	25x	as long as short
Kraken Futures PF_PENDLEUSDshort	+0.1765%	1h	$157K	$267K	20x