PENDLE

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.1461%/8h= +160.0% APRnext payment +$1.83 per $10,000 · paid last 24h +0.266%

Price spread now: Kraken Futures against GMX+0.273%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 Kraken Futures

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 +$44 a day on $10k at the current rate, and Kraken Futures is 0.273% dearer against GMX than usual: you sell high and buy low: +$27 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]	2.4534	L +0.0196% / S −0.0222%	pay 0.0024% / 1h	54m 14s	$5K	—	100x
Short	Kraken Futures PF_PENDLEUSD	2.4601	0.1657	get 0.0207% / 1h	54m 14s	$116K	$262K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures 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 Kraken FuturesbpOrdersPrice spread, now +0.273%Rate

Funding earned: $306.79
Price spread: +0.273% → 0.000%: $27.33
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: $312.12
Costs to cover: 0.220%
Break-even: from the start

Slippage unknown: GMX: no order-book sample; Kraken Futures: live order book, 53 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 Kraken Futures live order book, 53 min ago	12.26 bp	46.2 bp −$46	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	−0.4348%	1h	2.4340	−0.789%	$2K	$54K	5.5x	as long as short
Orderly PERP_PENDLE_USDC	−0.0035%	8h	2.4558	+0.099%	$19K	$15K	10x	as long as short
dYdX PENDLE-USD	0.0000%	1h	2.4506	−0.113%	$10K	—	5x	as long as short
Deribit PENDLE_USDC-PERPETUAL	0.0000%	1h	2.4558	+0.099%	$25K	$16K	10x	as long as short
Gate PENDLE_USDT	+0.0002%	8h	2.4540	+0.026%	$750K	$1.0M	75x	as long as short
BloFin PENDLE-USDT	+0.0016%	8h	2.4487	−0.190%	$1.1M	$509K	75x	as long as short
Binance PENDLEUSDT	+0.0030%	8h	2.4542	+0.034%	$25.9M	$44.9M	75x	as long as short
Extended PENDLE-USD	+0.0032%	1h	2.4550	+0.068%	$160K	$570K	10x	as long as short
MEXC PENDLE_USDT	+0.0034%	8h	2.4558	+0.099%	$17.5M	$2.0M	125x	as long as short
Reya PENDLERUSDPERP	+0.0077%	1h	2.4507	−0.110%	$3K	—	15x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aevo PENDLE-PERP	+0.0088%	1h	2.4551	+0.071%	$26K	—	3x	as long as short
Lighter PENDLE	+0.0096%	1h	2.4556	+0.091%	$520K	$415K	5x	as long as short
Paradex PENDLE-USD-PERP	+0.0100%	8h	2.4470	−0.258%	$34K	$7K	10x	as long as short
Aster PENDLEUSDT	+0.0100%	8h	2.4547	+0.054%	$47K	$170K	10x	as long as short
Bybit PENDLEUSDT	+0.0100%	8h	2.4540	+0.026%	$14.3M	$12.2M	50x	as long as short
OKX PENDLE-USDT-SWAP	+0.0100%	4h	2.4560	+0.107%	$3.1M	$6.6M	50x	as long as short
KuCoin PENDLEUSDTM	+0.0100%	8h	2.4552	+0.075%	$878K	$558K	50x	as long as short
Bitget PENDLEUSDT	+0.0100%	8h	2.4535	+0.005%	$3.8M	$2.4M	75x	as long as short
BingX PENDLE-USDT	+0.0100%	8h	2.4524	−0.039%	—	$8.4M	—	as long as short
Variational Omni PENDLE	+0.0100%	8h	2.4511	−0.094%	$566K	$1.4M	—	as long as short
edgeX PENDLEUSDC	+0.0100%	4h	2.4566	+0.130%	$24K	$370K	10x	as long as short
GRVT PENDLE_USDT_Perp	+0.0100%	8h	2.4530	−0.013%	$411K	$2.3M	10x	as long as short
ApeX Omni PENDLEUSDT	+0.0100%	1h	2.4595	+0.250%	$75K	$233K	50x	as long as short
Polymarket Perps PENDLE-USD	+0.0100%	1h	2.4526	−0.031%	$16K	$7K	5x	as long as short
SunX PENDLE-USDT	+0.0100%	8h	2.4567	+0.136%	$2K	$1.8M	20x	as long as short
Hyperliquid PENDLE	+0.0113%	1h	2.4596	+0.254%	$12.8M	$6.1M	5x	as long as short
GMX PENDLE/USD [PENDLE-USDC]long	L +0.0196% / S −0.0222%	1h	2.4534	long leg	$5K	—	100x
Coinbase International PENDLE-PERP-INTX	+0.0688%	1h	2.4590	+0.230%	$161K	$529K	25x	as long as short
Backpack PENDLE_USDC_PERP	+0.0881%	1h	2.4600	+0.270%	$349K	$434K	15x	as long as short
Kraken Futures PF_PENDLEUSDshort	+0.1657%	1h	2.4601	+0.273%	$116K	$262K	20x