data as of
Settings8H · net · $10k
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PENDLE

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Funding spread now, next payment 16:00 UTC−0.0100%/8h
next payment, per $10,000−$0.12paid, last 24h−0.015%paid, last 3 days+0.054%to open and closeno order book
Long on GMXShort on Hyperliquid
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongGMX PENDLE/USD [PENDLE-USDC]2.6145L +0.0200% / S −0.0269%pay 0.0025% / 1h18m 37s$5K—100x
ShortHyperliquid PENDLE2.60840.0100get 0.0013% / 1h18m 37s$12.3M$5.1M5x

Funding history

latest
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Funding on every exchange

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latest

Profit calculator

Funding earned
−$20.92
Slippage, 4 orders
no order book: not counted
Fee GMX: 6 bp × 2 orders
−$12
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Net
−$41.92
Break-even
never at this rate
Slippage unknown: GMX: no order-book sample; Hyperliquid: live order book, 5 min ago. Net counts fees only.

Price risk

price view
Price gap now
−0.234%
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 daysBacktest 30 daysBacktest 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
LegHalf-spread$10k$100k$1M$5M
Buy GMX no order-book sample—————
Sell Hyperliquid live order book, 5 min ago1.34 bp16.7 bp −$17doesn't fitdoesn't fitdoesn'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.
ExchangeFunding /8hEveryOIVol 24hMax lev
Injective PENDLE/USDC PERP−0.1178%1h$2K$6K5.5xas long as short
Variational Omni PENDLE−0.0268%8h$834K$2.2M—as long as short
Bybit PENDLEUSDT−0.0242%8h$16.2M$11.4M50xas long as short
Polymarket Perps PENDLE-USD−0.0035%1h$18K$54K5xas long as short
Gate PENDLE_USDT−0.0010%8h$809K$1.1M75xas long as short
dYdX PENDLE-USD0.0000%1h$11K—5xas long as short
Deribit PENDLE_USDC-PERPETUAL0.0000%1h$31K$10K10xas long as short
Reya PENDLERUSDPERP+0.0007%1h$4K—15xas long as short
Aster PENDLEUSDT+0.0026%8h$50K$125K10xas long as short
Orderly PERP_PENDLE_USDC+0.0054%8h$21K$4K10xas long as short
Show all 29 venues
ExchangeFunding /8hEveryOIVol 24hMax lev
BloFin PENDLE-USDT+0.0074%8h$1.5M$851K75xas long as short
Lighter PENDLE+0.0096%1h$567K$359K5xas long as short
Paradex PENDLE-USD-PERP+0.0100%8h$36K$30K10xas long as short
Hyperliquid PENDLEshort+0.0100%1h$12.3M$5.1M5x
Binance PENDLEUSDT+0.0100%8h$29.0M$32.8M75xas long as short
OKX PENDLE-USDT-SWAP+0.0100%4h$3.2M$4.8M50xas long as short
MEXC PENDLE_USDT+0.0100%8h$16.9M$2.1M125xas long as short
KuCoin PENDLEUSDTM+0.0100%8h$1.0M$484K50xas long as short
Bitget PENDLEUSDT+0.0100%8h$3.9M$2.6M75xas long as short
BingX PENDLE-USDT+0.0100%8h—$34.2M—as long as short
edgeX PENDLEUSDC+0.0100%4h$26K$416K10xas long as short
ApeX Omni PENDLEUSDT+0.0100%1h$79K$236K50xas long as short
SunX PENDLE-USDT+0.0100%8h$2K$1.5M20xas long as short
Extended PENDLE-USD+0.0104%1h$172K$520K10xas long as short
Aevo PENDLE-PERP+0.0104%1h$27K—3xas long as short
GMX PENDLE/USD [PENDLE-USDC]longL +0.0200% / S −0.0269%1h$5K—100x
Backpack PENDLE_USDC_PERP+0.0417%1h$369K$447K15xas long as short
Coinbase International PENDLE-PERP-INTX+0.0496%1h$100K$396K25xas long as short
Kraken Futures PF_PENDLEUSD+0.1874%1h$166K$218K20xas long as short