PENDLE

Alert

Funding spread now, next payment 14:00 UTC−0.0289%/8h

paid, last 24h−0.009%paid, last 7 days−0.060%to open and close $10k−$80

The current rate is far above what this pair has been paying: over the last 7 days it paid -0.060% in total (about -3.1% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hyperliquid PENDLE	2.6756	0.0287	pay 0.0036% / 1h	0m 34s	$12.8M	$4.8M	5x
Short	Gate PENDLE_USDT	2.6700	−0.0002	pay 0.0002% / 8h	2h 00m	$840K	$1.0M	75x

Funding history

latest

Range statsloading…

Funding on every exchange

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latest

Profit calculator

Position, each leg$Hold fordaysFee HyperliquidbpFee GatebpOrdersRate

Funding earned: −$60.79
Slippage, 4 orders: −$55.87
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$140.65
Break-even: never at this rate

Slippage from Hyperliquid: live order book, 4 min ago; Gate: live order book, 3 min ago.

Price risk

price view

Price gap now: −0.209%
Avg gap 7d: −0.138%

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 Hyperliquid live order book, 4 min ago	1.30 bp	16.3 bp −$16	doesn't fit	doesn't fit	doesn't fit
Sell Gate live order book, 3 min ago	1.86 bp	21.1 bp −$21	138.8 bp −$1,388	doesn't fit	doesn't fit

PENDLE on 29 venues

lowest funding first. Swap a leg.

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Injective PENDLE/USDC PERP	−0.0760%	1h	$4K	$51K	5.5x	as long as short
Deribit PENDLE_USDC-PERPETUAL	−0.0272%	1h	$32K	$10K	10x	as long as short
Variational Omni PENDLE	−0.0182%	8h	$892K	$2.1M	—	as long as short
Bybit PENDLEUSDT	−0.0160%	8h	$16.7M	$11.0M	50x	as long as short
Gate PENDLE_USDTshort	−0.0002%	8h	$840K	$1.0M	75x
Reya PENDLERUSDPERP	−0.0001%	1h	$4K	—	15x	as long as short
dYdX PENDLE-USD	0.0000%	1h	$11K	—	5x	as long as short
Orderly PERP_PENDLE_USDC	+0.0046%	8h	$22K	$4K	10x	as long as short
ApeX Omni PENDLEUSDT	+0.0059%	1h	$81K	$237K	50x	as long as short
BloFin PENDLE-USDT	+0.0076%	8h	$1.5M	$830K	75x	as long as short

Show all 29 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Lighter PENDLE	+0.0096%	1h	$591K	$325K	5x	as long as short
Paradex PENDLE-USD-PERP	+0.0100%	8h	$37K	$32K	10x	as long as short
Aster PENDLEUSDT	+0.0100%	8h	$51K	$116K	10x	as long as short
Binance PENDLEUSDT	+0.0100%	8h	$30.1M	$30.2M	75x	as long as short
OKX PENDLE-USDT-SWAP	+0.0100%	4h	$3.3M	$4.6M	50x	as long as short
MEXC PENDLE_USDT	+0.0100%	8h	$17.5M	$1.9M	125x	as long as short
KuCoin PENDLEUSDTM	+0.0100%	8h	$1.1M	$453K	50x	as long as short
Bitget PENDLEUSDT	+0.0100%	8h	$4.0M	$2.5M	75x	as long as short
BingX PENDLE-USDT	+0.0100%	8h	—	$34.1M	—	as long as short
edgeX PENDLEUSDC	+0.0100%	4h	$27K	$415K	10x	as long as short
Polymarket Perps PENDLE-USD	+0.0100%	1h	$19K	$73K	5x	as long as short
SunX PENDLE-USDT	+0.0100%	8h	$1K	$1.4M	20x	as long as short
Extended PENDLE-USD	+0.0104%	1h	$177K	$520K	10x	as long as short
Aevo PENDLE-PERP	+0.0104%	1h	$28K	—	3x	as long as short
GMX PENDLE/USD [PENDLE-USDC]	L +0.0200% / S −0.0269%	1h	$6K	—	100x	as long as short
Coinbase International PENDLE-PERP-INTX	+0.0200%	1h	$72K	$335K	25x	as long as short
Hyperliquid PENDLElong	+0.0287%	1h	$12.8M	$4.8M	5x
Backpack PENDLE_USDC_PERP	+0.0408%	1h	$378K	$445K	15x	as long as short
Kraken Futures PF_PENDLEUSD	+0.0941%	1h	$162K	$203K	20x	as long as short