PENDLE

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0444%/8h= +48.7% APRnext payment +$0.56 per $10,000 · paid last 24h +0.026%

Price spread now: Coinbase International against GMX+0.167%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on GMX Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Both sides work for this trade now. Funding pays +$13 a day on $10k at the current rate, and Coinbase International is 0.167% dearer against GMX than usual: you sell high and buy low: +$17 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GMX PENDLE/USD [PENDLE-USDC]	2.4559	L +0.0196% / S −0.0222%	pay 0.0024% / 1h	28m 23s	$5K	—	100x
Short	Coinbase International PENDLE-PERP-INTX	2.4600	0.0640	get 0.0080% / 1h	28m 23s	$146K	$500K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against GMX. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee GMXbpFee Coinbase InternationalbpOrdersPrice spread, now +0.167%Rate

Funding earned: $93.31
Price spread: +0.167% → 0.000%: $16.75
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: $88.05
Costs to cover: 0.220%
Break-even: 0.4 days

Slippage unknown: GMX: no order-book sample; Coinbase International: live order book, 25 min ago. 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 GMX no order-book sample	—	—	—	—	—
Sell Coinbase International live order book, 25 min ago	6.08 bp	26.5 bp −$26	doesn't fit	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 30 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	−0.4243%	1h	2.4320	−0.973%	$2K	$54K	5.5x	as long as short
Deribit PENDLE_USDC-PERPETUAL	−0.0564%	1h	2.4558	−0.004%	$25K	$14K	10x	as long as short
ApeX Omni PENDLEUSDT	−0.0129%	1h	2.4570	+0.045%	$75K	$234K	50x	as long as short
BloFin PENDLE-USDT	−0.0065%	8h	2.4525	−0.138%	$1.1M	$595K	75x	as long as short
Gate PENDLE_USDT	−0.0062%	8h	2.4560	+0.005%	$718K	$1.1M	75x	as long as short
Binance PENDLEUSDT	−0.0057%	8h	2.4555	−0.017%	$26.0M	$44.2M	75x	as long as short
MEXC PENDLE_USDT	−0.0057%	8h	2.4557	−0.008%	$17.4M	$2.0M	125x	as long as short
Extended PENDLE-USD	−0.0056%	1h	2.4533	−0.104%	$158K	$581K	10x	as long as short
Orderly PERP_PENDLE_USDC	−0.0041%	8h	2.4550	−0.036%	$19K	$15K	10x	as long as short
dYdX PENDLE-USD	0.0000%	1h	2.4563	+0.015%	$10K	—	5x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster PENDLEUSDT	+0.0002%	8h	2.4620	+0.250%	$47K	$172K	10x	as long as short
GRVT PENDLE_USDT_Perp	+0.0042%	8h	2.4598	+0.161%	$406K	$2.0M	10x	as long as short
Variational Omni PENDLE	+0.0063%	8h	2.4581	+0.089%	$551K	$1.4M	—	as long as short
Aevo PENDLE-PERP	+0.0064%	1h	2.4544	−0.062%	$26K	—	3x	as long as short
Reya PENDLERUSDPERP	+0.0069%	1h	2.4558	−0.003%	$3K	—	15x	as long as short
Lighter PENDLE	+0.0096%	1h	2.4556	−0.012%	$515K	$428K	5x	as long as short
Paradex PENDLE-USD-PERP	+0.0100%	8h	2.4544	−0.061%	$34K	$11K	10x	as long as short
Bybit PENDLEUSDT	+0.0100%	8h	2.4560	+0.005%	$14.4M	$12.1M	50x	as long as short
OKX PENDLE-USDT-SWAP	+0.0100%	4h	2.4570	+0.045%	$3.1M	$6.4M	50x	as long as short
KuCoin PENDLEUSDTM	+0.0100%	8h	2.4587	+0.115%	$887K	$552K	50x	as long as short
Bitget PENDLEUSDT	+0.0100%	8h	2.4551	−0.032%	$3.7M	$2.3M	75x	as long as short
BingX PENDLE-USDT	+0.0100%	8h	2.4559	+0.001%	—	$8.4M	—	as long as short
edgeX PENDLEUSDC	+0.0100%	4h	2.4567	+0.032%	$24K	$377K	10x	as long as short
Polymarket Perps PENDLE-USD	+0.0100%	1h	2.4584	+0.102%	$16K	$7K	5x	as long as short
SunX PENDLE-USDT	+0.0100%	8h	2.4556	−0.012%	$2K	$1.8M	20x	as long as short
Hyperliquid PENDLE	+0.0165%	1h	2.4612	+0.216%	$12.8M	$6.1M	5x	as long as short
GMX PENDLE/USD [PENDLE-USDC]long	L +0.0196% / S −0.0222%	1h	2.4559	long leg	$5K	—	100x
Coinbase International PENDLE-PERP-INTXshort	+0.0640%	1h	2.4600	+0.167%	$146K	$500K	25x
Backpack PENDLE_USDC_PERP	+0.0713%	1h	2.4594	+0.143%	$357K	$400K	15x	as long as short
Kraken Futures PF_PENDLEUSD	+0.1183%	1h	2.4604	+0.184%	$115K	$269K	20x	as long as short