PENDLE

Alert

Funding spread now, next payment 19:00 UTC−0.0100%/8h

paid, last 24h−0.026%paid, last 3 days+0.036%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]	2.5588	L +0.0200% / S −0.0272%	pay 0.0025% / 1h	54m 33s	$5K	—	100x
Short	KuCoin PENDLEUSDTM	2.5613	0.0100	get 0.0100% / 8h	5h 54m	$941K	$602K	50x

Funding history

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Funding on every exchange

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Profit calculator

Position, each leg$Hold fordaysFee GMXbpFee KuCoinbpOrdersRate

Funding earned: −$20.95
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$44.95
Break-even: never at this rate

Slippage unknown: GMX: no order-book sample; KuCoin: live order book, 46 min ago. Net counts fees only.

Price risk

price view

Price gap now: +0.096%
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 KuCoin live order book, 46 min ago	6.89 bp	32.9 bp −$33	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 29 venues

lowest funding first. Swap a leg.

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Injective PENDLE/USDC PERP	−0.4421%	1h	$2K	$7K	5.5x	as long as short
Variational Omni PENDLE	−0.0149%	8h	$661K	$2.2M	—	as long as short
Aster PENDLEUSDT	−0.0017%	8h	$51K	$138K	10x	as long as short
dYdX PENDLE-USD	0.0000%	1h	$11K	—	5x	as long as short
Deribit PENDLE_USDC-PERPETUAL	0.0000%	1h	$30K	$11K	10x	as long as short
Reya PENDLERUSDPERP	+0.0019%	1h	$4K	—	15x	as long as short
Orderly PERP_PENDLE_USDC	+0.0045%	8h	$20K	$4K	10x	as long as short
MEXC PENDLE_USDT	+0.0062%	8h	$17.0M	$2.1M	125x	as long as short
Binance PENDLEUSDT	+0.0063%	8h	$28.1M	$35.9M	75x	as long as short
Extended PENDLE-USD	+0.0064%	1h	$168K	$519K	10x	as long as short

Show all 29 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
BloFin PENDLE-USDT	+0.0070%	8h	$1.4M	$818K	75x	as long as short
Lighter PENDLE	+0.0096%	1h	$560K	$357K	5x	as long as short
Aevo PENDLE-PERP	+0.0096%	1h	$27K	—	3x	as long as short
Paradex PENDLE-USD-PERP	+0.0100%	8h	$36K	$28K	10x	as long as short
Hyperliquid PENDLE	+0.0100%	1h	$12.3M	$5.3M	5x	as long as short
Bybit PENDLEUSDT	+0.0100%	8h	$16.0M	$12.0M	50x	as long as short
OKX PENDLE-USDT-SWAP	+0.0100%	4h	$3.3M	$5.4M	50x	as long as short
Gate PENDLE_USDT	+0.0100%	8h	$824K	$1.0M	75x	as long as short
KuCoin PENDLEUSDTMshort	+0.0100%	8h	$941K	$602K	50x
Bitget PENDLEUSDT	+0.0100%	8h	$3.9M	$2.7M	75x	as long as short
BingX PENDLE-USDT	+0.0100%	8h	—	$34.3M	—	as long as short
edgeX PENDLEUSDC	+0.0100%	4h	$25K	$415K	10x	as long as short
ApeX Omni PENDLEUSDT	+0.0100%	1h	$78K	$237K	50x	as long as short
Polymarket Perps PENDLE-USD	+0.0100%	1h	$16K	$30K	5x	as long as short
SunX PENDLE-USDT	+0.0100%	8h	$2K	$1.6M	20x	as long as short
GMX PENDLE/USD [PENDLE-USDC]long	L +0.0200% / S −0.0272%	1h	$5K	—	100x
Coinbase International PENDLE-PERP-INTX	+0.0624%	1h	$117K	$464K	25x	as long as short
Backpack PENDLE_USDC_PERP	+0.0783%	1h	$377K	$461K	15x	as long as short
Kraken Futures PF_PENDLEUSD	+0.1426%	1h	$157K	$283K	20x	as long as short