PENDLE

Alert

Funding spread now, next payment 17:00 UTC−0.0122%/8h

paid, last 24h−0.028%paid, last 3 days−0.030%to open and closeno order book

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GMX PENDLE/USD [PENDLE-USDC]	2.5929	L +0.0200% / S −0.0272%	pay 0.0025% / 1h	57m 46s	$5K	—	100x
Short	BloFin PENDLE-USDT	2.5895	0.0077	get 0.0077% / 8h	7h 57m	$1.5M	$858K	75x

Funding history

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Funding on every exchange

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Profit calculator

Position, each leg$Hold fordaysFee GMXbpFee BloFinbpOrdersRate

Funding earned: −$25.7
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$49.7
Break-even: never at this rate

Slippage unknown: GMX: no order-book sample; BloFin: live order book, 1 min ago. Net counts fees only.

Price risk

price view

Price gap now: −0.130%
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 GMX no order-book sample	—	—	—	—	—
Sell BloFin live order book, 1 min ago	1.16 bp	11.0 bp −$11	19.4 bp −$194	doesn't fit	doesn't fit

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 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	−0.0282%	8h	$814K	$2.2M	—	as long as short
Gate PENDLE_USDT	−0.0141%	8h	$824K	$1.1M	75x	as long as short
Bybit PENDLEUSDT	−0.0119%	8h	$16.2M	$11.6M	50x	as long as short
Polymarket Perps PENDLE-USD	−0.0055%	1h	$17K	$52K	5x	as long as short
Deribit PENDLE_USDC-PERPETUAL	−0.0020%	1h	$31K	$10K	10x	as long as short
dYdX PENDLE-USD	0.0000%	1h	$11K	—	5x	as long as short
Reya PENDLERUSDPERP	+0.0009%	1h	$4K	—	15x	as long as short
Aster PENDLEUSDT	+0.0013%	8h	$50K	$127K	10x	as long as short
Orderly PERP_PENDLE_USDC	+0.0055%	8h	$20K	$5K	10x	as long as short

Show all 29 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
BloFin PENDLE-USDTshort	+0.0077%	8h	$1.5M	$858K	75x
Lighter PENDLE	+0.0096%	1h	$563K	$349K	5x	as long as short
Paradex PENDLE-USD-PERP	+0.0100%	8h	$36K	$30K	10x	as long as short
Hyperliquid PENDLE	+0.0100%	1h	$12.3M	$5.2M	5x	as long as short
Binance PENDLEUSDT	+0.0100%	8h	$28.9M	$33.3M	75x	as long as short
OKX PENDLE-USDT-SWAP	+0.0100%	4h	$3.2M	$4.9M	50x	as long as short
MEXC PENDLE_USDT	+0.0100%	8h	$16.8M	$2.1M	125x	as long as short
KuCoin PENDLEUSDTM	+0.0100%	8h	$969K	$519K	50x	as long as short
Bitget PENDLEUSDT	+0.0100%	8h	$3.9M	$2.7M	75x	as long as short
BingX PENDLE-USDT	+0.0100%	8h	—	$34.2M	—	as long as short
edgeX PENDLEUSDC	+0.0100%	4h	$26K	$418K	10x	as long as short
ApeX Omni PENDLEUSDT	+0.0100%	1h	$79K	$236K	50x	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
GMX PENDLE/USD [PENDLE-USDC]long	L +0.0200% / S −0.0272%	1h	$5K	—	100x
Backpack PENDLE_USDC_PERP	+0.0273%	1h	$367K	$450K	15x	as long as short
Coinbase International PENDLE-PERP-INTX	+0.0432%	1h	$111K	$416K	25x	as long as short
Kraken Futures PF_PENDLEUSD	+0.1740%	1h	$165K	$229K	20x	as long as short