PENDLE

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0759%/8h= −83.2% APRnext payment −$0.95 per $10,000 · paid last 24h −0.089%

Price spread now: Deribit against GMX−0.004%7-day average — · you buy dearer than you sell

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

Long on GMX Short on Deribit

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

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: −$23 a day on $10k at the current rate.

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	27m 37s	$5K	—	100x
Short	Deribit PENDLE_USDC-PERPETUAL	2.4558	−0.0564	pay 0.0070% / 1h	27m 37s	$25K	$14K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit 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 DeribitbpOrdersPrice spread, now −0.004%Rate

Funding earned: −$159.48
Price spread: −0.004% → 0.000%: −$0.35
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$178.83
Costs to cover: 0.190%
Break-even: never at this rate

Slippage unknown: GMX: no order-book sample; 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 GMX no order-book sample	—	—	—	—	—
Sell Deribit no order-book sample	—	—	—	—	—

GMX and 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 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-PERPETUALshort	−0.0564%	1h	2.4558	−0.004%	$25K	$14K	10x
ApeX Omni PENDLEUSDT	−0.0129%	1h	2.4570	+0.045%	$75K	$234K	50x	as long as short
Gate PENDLE_USDT	−0.0066%	8h	2.4550	−0.036%	$718K	$1.1M	75x	as long as short
BloFin PENDLE-USDT	−0.0065%	8h	2.4525	−0.138%	$1.1M	$595K	75x	as long as short
Binance PENDLEUSDT	−0.0058%	8h	2.4529	−0.120%	$26.0M	$44.2M	75x	as long as short
MEXC PENDLE_USDT	−0.0057%	8h	2.4538	−0.085%	$17.4M	$2.0M	125x	as long as short
Extended PENDLE-USD	−0.0056%	1h	2.4525	−0.138%	$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	+0.0004%	8h	2.4605	+0.188%	$47K	$172K	10x	as long as short
GRVT PENDLE_USDT_Perp	+0.0040%	8h	2.4548	−0.044%	$405K	$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	2.4542	−0.069%	$515K	$428K	5x	as long as short
Paradex PENDLE-USD-PERP	+0.0100%	8h	2.4528	−0.124%	$34K	$11K	10x	as long as short
Bybit PENDLEUSDT	+0.0100%	8h	2.4515	−0.179%	$14.4M	$12.1M	50x	as long as short
OKX PENDLE-USDT-SWAP	+0.0100%	4h	2.4540	−0.077%	$3.1M	$6.4M	50x	as long as short
KuCoin PENDLEUSDTM	+0.0100%	8h	2.4567	+0.033%	$886K	$552K	50x	as long as short
Bitget PENDLEUSDT	+0.0100%	8h	2.4539	−0.081%	$3.7M	$2.3M	75x	as long as short
BingX PENDLE-USDT	+0.0100%	8h	2.4541	−0.073%	—	$8.4M	—	as long as short
edgeX PENDLEUSDC	+0.0100%	4h	2.4536	−0.093%	$24K	$374K	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	+0.0172%	1h	2.4597	+0.155%	$12.7M	$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-INTX	+0.0640%	1h	2.4600	+0.167%	$146K	$500K	25x	as long as short
Backpack PENDLE_USDC_PERP	+0.0703%	1h	2.4591	+0.131%	$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