PENDLE

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0096%/8h= −10.5% APRnext payment −$0.12 per $10,000 · paid last 24h −0.027%

Price spread now: Polymarket Perps against GMX+0.047%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 Polymarket Perps

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 pays, funding is against you. Polymarket Perps is 0.047% dearer against GMX than usual: you sell high and buy low (spread +0.047% now, against zero (this spread has no 7-day history yet)): +$5 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 39 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GMX PENDLE/USD [PENDLE-USDC]	2.4544	L +0.0196% / S −0.0222%	pay 0.0024% / 1h	27m 09s	$5K	—	100x
Short	Polymarket Perps PENDLE-USD	2.4556	0.0100	get 0.0013% / 1h	27m 09s	$16K	$7K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Polymarket Perps 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 Polymarket PerpsbpOrdersPrice spread, now +0.047%Rate

Funding earned: −$20.09
Price spread: +0.047% → 0.000%: $4.71
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: −$35.39
Costs to cover: 0.200%
Break-even: never at this rate

Slippage unknown: GMX: no order-book sample; Polymarket Perps: 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 Polymarket Perps no order-book sample	—	—	—	—	—

GMX and Polymarket Perps: 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	−0.914%	$2K	$54K	5.5x	as long as short
Deribit PENDLE_USDC-PERPETUAL	−0.0402%	1h	2.4538	−0.026%	$25K	$14K	10x	as long as short
ApeX Omni PENDLEUSDT	−0.0129%	1h	2.4570	+0.104%	$75K	$234K	50x	as long as short
Gate PENDLE_USDT	−0.0066%	8h	2.4550	+0.023%	$718K	$1.1M	75x	as long as short
Binance PENDLEUSDT	−0.0058%	8h	2.4531	−0.053%	$26.0M	$44.2M	75x	as long as short
MEXC PENDLE_USDT	−0.0057%	8h	2.4535	−0.039%	$17.4M	$2.0M	125x	as long as short
Extended PENDLE-USD	−0.0056%	1h	2.4521	−0.097%	$158K	$581K	10x	as long as short
BloFin PENDLE-USDT	−0.0055%	8h	2.4519	−0.104%	$1.1M	$595K	75x	as long as short
Orderly PERP_PENDLE_USDC	−0.0041%	8h	2.4530	−0.059%	$19K	$15K	10x	as long as short
dYdX PENDLE-USD	0.0000%	1h	2.4563	+0.074%	$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	2.4608	+0.257%	$47K	$172K	10x	as long as short
GRVT PENDLE_USDT_Perp	+0.0040%	8h	2.4548	+0.014%	$405K	$2.0M	10x	as long as short
Variational Omni PENDLE	+0.0063%	8h	2.4581	+0.148%	$551K	$1.4M	—	as long as short
Aevo PENDLE-PERP	+0.0064%	1h	2.4524	−0.081%	$26K	—	3x	as long as short
Reya PENDLERUSDPERP	+0.0069%	1h	2.4534	−0.043%	$3K	—	15x	as long as short
Lighter PENDLE	+0.0096%	1h	2.4540	−0.018%	$515K	$428K	5x	as long as short
Paradex PENDLE-USD-PERP	+0.0100%	8h	2.4528	−0.065%	$34K	$11K	10x	as long as short
Bybit PENDLEUSDT	+0.0100%	8h	2.4523	−0.087%	$14.4M	$12.1M	50x	as long as short
OKX PENDLE-USDT-SWAP	+0.0100%	4h	2.4530	−0.059%	$3.1M	$6.4M	50x	as long as short
KuCoin PENDLEUSDTM	+0.0100%	8h	2.4570	+0.104%	$886K	$552K	50x	as long as short
Bitget PENDLEUSDT	+0.0100%	8h	2.4539	−0.022%	$3.7M	$2.3M	75x	as long as short
BingX PENDLE-USDT	+0.0100%	8h	2.4544	−0.002%	—	$8.4M	—	as long as short
edgeX PENDLEUSDC	+0.0100%	4h	2.4536	−0.034%	$24K	$374K	10x	as long as short
Polymarket Perps PENDLE-USDshort	+0.0100%	1h	2.4556	+0.047%	$16K	$7K	5x
SunX PENDLE-USDT	+0.0100%	8h	2.4549	+0.019%	$2K	$1.8M	20x	as long as short
Hyperliquid PENDLE	+0.0174%	1h	2.4587	+0.173%	$12.7M	$6.1M	5x	as long as short
GMX PENDLE/USD [PENDLE-USDC]long	L +0.0196% / S −0.0222%	1h	2.4544	long leg	$5K	—	100x
Coinbase International PENDLE-PERP-INTX	+0.0640%	1h	2.4600	+0.226%	$146K	$500K	25x	as long as short
Backpack PENDLE_USDC_PERP	+0.0703%	1h	2.4591	+0.190%	$357K	$400K	15x	as long as short
Kraken Futures PF_PENDLEUSD	+0.1184%	1h	2.4590	+0.187%	$115K	$269K	20x	as long as short