PENDLE

Alert

Funding spread now, next payment 16:00 UTC+0.0332%/8h

paid, last 24h−0.091%paid, last 7 days−0.002%to open and closeno order book

Long on Gate Short on Coinbase International

The current rate is far above what this pair has been paying: over the last 7 days it paid -0.002% in total (about -0.1% a year). A funding rate is set anew for every payment. 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	Gate PENDLE_USDT	2.5850	0.0100	pay 0.0100% / 8h	7h 28m	$817K	$1.1M	75x
Short	Coinbase International PENDLE-PERP-INTX	2.5910	0.0432	get 0.0054% / 1h	28m 27s	$115K	$432K	25x

Funding history

latest

Range statsloading…

Funding on every exchange

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latest

Profit calculator

Position, each leg$Hold fordaysFee GatebpFee Coinbase InternationalbpOrdersRate

Funding earned: $69.72
Slippage, 4 orders: no order book: not counted
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: $44.72
Break-even: 2.5 days

Slippage unknown: Gate: live order book, 5 min ago; Coinbase International: live order book, 16 min ago. Net counts fees only.

Price risk

price view

Price gap now: +0.232%
Avg gap 7d: +0.081%

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 Gate live order book, 5 min ago	3.87 bp	30.2 bp −$30	146.2 bp −$1,462	doesn't fit	doesn't fit
Sell Coinbase International live order book, 16 min ago	17.27 bp	167.6 bp −$168	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	−0.0270%	8h	$670K	$2.3M	—	as long as short
Bybit PENDLEUSDT	−0.0111%	8h	$16.1M	$11.9M	50x	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	+0.0011%	1h	$4K	—	15x	as long as short
Aster PENDLEUSDT	+0.0013%	8h	$51K	$128K	10x	as long as short
Orderly PERP_PENDLE_USDC	+0.0054%	8h	$20K	$4K	10x	as long as short
ApeX Omni PENDLEUSDT	+0.0095%	1h	$78K	$237K	50x	as long as short
Lighter PENDLE	+0.0096%	1h	$564K	$352K	5x	as long as short

Show all 29 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
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
Binance PENDLEUSDT	+0.0100%	8h	$28.7M	$33.8M	75x	as long as short
OKX PENDLE-USDT-SWAP	+0.0100%	4h	$3.2M	$5.0M	50x	as long as short
Gate PENDLE_USDTlong	+0.0100%	8h	$817K	$1.1M	75x
MEXC PENDLE_USDT	+0.0100%	8h	$16.9M	$2.1M	125x	as long as short
KuCoin PENDLEUSDTM	+0.0100%	8h	$958K	$529K	50x	as long as short
Bitget PENDLEUSDT	+0.0100%	8h	$3.9M	$2.6M	75x	as long as short
BingX PENDLE-USDT	+0.0100%	8h	—	$34.3M	—	as long as short
edgeX PENDLEUSDC	+0.0100%	4h	$26K	$417K	10x	as long as short
Polymarket Perps PENDLE-USD	+0.0100%	1h	$16K	$44K	5x	as long as short
SunX PENDLE-USDT	+0.0100%	8h	$2K	$1.5M	20x	as long as short
Extended PENDLE-USD	+0.0104%	1h	$171K	$520K	10x	as long as short
Aevo PENDLE-PERP	+0.0104%	1h	$27K	—	3x	as long as short
BloFin PENDLE-USDT	+0.0123%	8h	$1.4M	$858K	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	+0.0284%	1h	$373K	$450K	15x	as long as short
Coinbase International PENDLE-PERP-INTXshort	+0.0432%	1h	$115K	$432K	25x
Kraken Futures PF_PENDLEUSD	+0.1743%	1h	$163K	$232K	20x	as long as short