PENDLE

Alert

Funding spread now, next payment 17:00 UTC−0.1677%/8h

paid, last 24h−0.434%paid, last 7 days−0.278%to open and close $10k−$170

The current rate is far above what this pair has been paying: over the last 7 days it paid -0.278% in total (about -14.5% 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	Kraken Futures PF_PENDLEUSD	2.5676	0.1760	pay 0.0220% / 1h	4m 04s	$157K	$267K	20x
Short	Binance PENDLEUSDT	2.5568	0.0083	get 0.0083% / 8h	7h 04m	$28.1M	$34.4M	75x

Funding history

latest

Range statsloading…

Funding on every exchange

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latest

Profit calculator

Position, each leg$Hold fordaysFee Kraken FuturesbpFee BinancebpOrdersRate

Funding earned: −$352.15
Slippage, 4 orders: −$150.44
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Binance: 5 bp × 2 orders: −$10
Net: −$522.59
Break-even: never at this rate

Slippage from Kraken Futures: live order book, 40 min ago; Binance: live order book, 9 min ago.

Price risk

price view

Price gap now: −0.420%
Avg gap 7d: −0.135%

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 Kraken Futures live order book, 40 min ago	15.37 bp	97.6 bp −$98	doesn't fit	doesn't fit	doesn't fit
Sell Binance live order book, 9 min ago	0.39 bp	12.0 bp −$12	30.9 bp −$309	124.3 bp −$12.4K	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	−0.1875%	1h	$2K	$6K	5.5x	as long as short
Variational Omni PENDLE	−0.0266%	8h	$659K	$2.2M	—	as long as short
Bybit PENDLEUSDT	−0.0061%	8h	$16.0M	$11.8M	50x	as long as short
Aster PENDLEUSDT	−0.0009%	8h	$51K	$134K	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	+0.0013%	1h	$4K	—	15x	as long as short
Orderly PERP_PENDLE_USDC	+0.0051%	8h	$20K	$4K	10x	as long as short
BloFin PENDLE-USDT	+0.0062%	8h	$1.4M	$854K	75x	as long as short
Extended PENDLE-USD	+0.0080%	1h	$168K	$520K	10x	as long as short

Show all 29 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
MEXC PENDLE_USDT	+0.0082%	8h	$16.8M	$2.2M	125x	as long as short
Binance PENDLEUSDTshort	+0.0083%	8h	$28.1M	$34.4M	75x
Lighter PENDLE	+0.0096%	1h	$560K	$359K	5x	as long as short
ApeX Omni PENDLEUSDT	+0.0096%	1h	$78K	$237K	50x	as long as short
Paradex PENDLE-USD-PERP	+0.0100%	8h	$36K	$30K	10x	as long as short
Hyperliquid PENDLE	+0.0100%	1h	$12.3M	$5.2M	5x	as long as short
OKX PENDLE-USDT-SWAP	+0.0100%	4h	$3.3M	$5.1M	50x	as long as short
Gate PENDLE_USDT	+0.0100%	8h	$818K	$1.1M	75x	as long as short
KuCoin PENDLEUSDTM	+0.0100%	8h	$932K	$558K	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	—	$34.2M	—	as long as short
edgeX PENDLEUSDC	+0.0100%	4h	$25K	$416K	10x	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
Aevo PENDLE-PERP	+0.0104%	1h	$27K	—	3x	as long as short
GMX PENDLE/USD [PENDLE-USDC]	L +0.0200% / S −0.0272%	1h	$5K	—	100x	as long as short
Backpack PENDLE_USDC_PERP	+0.0275%	1h	$373K	$451K	15x	as long as short
Coinbase International PENDLE-PERP-INTX	+0.0432%	1h	$114K	$435K	25x	as long as short
Kraken Futures PF_PENDLEUSDlong	+0.1760%	1h	$157K	$267K	20x