PENDLE

Alert

Funding spread now, next payment 19:00 UTC+0.4401%/8h

paid, last 24h+0.171%paid, last 4 days+0.141%to open and closeno order book

The current rate is far above what this pair has been paying: over the last 4 days it paid 0.141% in total (about 13.7% 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	Injective PENDLE/USDC PERP	2.5080	−0.4421	get 0.0553% / 1h	14m 31s	$2K	$7K	5.5x
Short	Aster PENDLEUSDT	2.5499	−0.0020	pay 0.0020% / 8h	5h 14m	$52K	$140K	10x

Funding history

latest

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Funding on every exchange

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latest

Profit calculator

Position, each leg$Hold fordaysFee InjectivebpFee AsterbpOrdersRate

Funding earned: $924.19
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee Aster: 4 bp × 2 orders: −$8
Net: $916.17
Break-even: 0.1 days

Slippage unknown: Injective: no order-book sample; Aster: live order book, 35 min ago. Net counts fees only.

Price risk

price view

Price gap now: +1.671%
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 Injective no order-book sample	—	—	—	—	—
Sell Aster live order book, 35 min ago	3.12 bp	142.0 bp −$142	doesn't fit	doesn't fit	doesn't fit

Injective: 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 PERPlong	−0.4421%	1h	$2K	$7K	5.5x
Variational Omni PENDLE	−0.0097%	8h	$656K	$2.2M	—	as long as short
Aster PENDLEUSDTshort	−0.0020%	8h	$52K	$140K	10x
dYdX PENDLE-USD	0.0000%	1h	$11K	—	5x	as long as short
Reya PENDLERUSDPERP	+0.0022%	1h	$4K	—	15x	as long as short
Deribit PENDLE_USDC-PERPETUAL	+0.0024%	1h	$30K	$11K	10x	as long as short
Orderly PERP_PENDLE_USDC	+0.0040%	8h	$20K	$4K	10x	as long as short
BloFin PENDLE-USDT	+0.0047%	8h	$1.4M	$819K	75x	as long as short
Extended PENDLE-USD	+0.0048%	1h	$167K	$519K	10x	as long as short
MEXC PENDLE_USDT	+0.0051%	8h	$17.0M	$2.2M	125x	as long as short

Show all 29 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Binance PENDLEUSDT	+0.0052%	8h	$28.0M	$36.4M	75x	as long as short
Lighter PENDLE	+0.0096%	1h	$558K	$359K	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	$15.9M	$11.9M	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	$817K	$1.1M	75x	as long as short
KuCoin PENDLEUSDTM	+0.0100%	8h	$935K	$600K	50x	as long as short
Bitget PENDLEUSDT	+0.0100%	8h	$3.8M	$2.6M	75x	as long as short
BingX PENDLE-USDT	+0.0100%	8h	—	$34.3M	—	as long as short
edgeX PENDLEUSDC	+0.0100%	4h	$25K	$417K	10x	as long as short
ApeX Omni PENDLEUSDT	+0.0100%	1h	$78K	$238K	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]	L +0.0200% / S −0.0272%	1h	$5K	—	100x	as long as short
Coinbase International PENDLE-PERP-INTX	+0.0624%	1h	$116K	$438K	25x	as long as short
Backpack PENDLE_USDC_PERP	+0.0636%	1h	$376K	$460K	15x	as long as short
Kraken Futures PF_PENDLEUSD	+0.1431%	1h	$159K	$251K	20x	as long as short