PENDLE

Alert

Funding spread now, next payment 15:00 UTC−0.1651%/8h

paid, last 24h−0.441%paid, last 7 days−0.308%to open and close $10k−$181

The current rate is far above what this pair has been paying: over the last 7 days it paid -0.308% in total (about -16.1% 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	Kraken Futures PF_PENDLEUSD	2.6556	0.1452	pay 0.0181% / 1h	59m 41s	$171K	$216K	20x
Short	Bybit PENDLEUSDT	2.6450	−0.0199	pay 0.0199% / 8h	59m 41s	$16.5M	$11.4M	50x

Funding history

latest

Range statsloading…

Funding on every exchange

click an exchange to add or hide it

latest

Profit calculator

Position, each leg$Hold fordaysFee Kraken FuturesbpFee BybitbpOrdersRate

Funding earned: −$346.77
Slippage, 4 orders: −$160.08
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$527.85
Break-even: never at this rate

Slippage from Kraken Futures: live order book, 54 min ago; Bybit: live order book, just now.

Price risk

price view

Price gap now: −0.400%
Avg gap 7d: −0.183%

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, 54 min ago	13.23 bp	86.2 bp −$86	doesn't fit	doesn't fit	doesn't fit
Sell Bybit live order book, just now	1.89 bp	16.8 bp −$17	66.7 bp −$667	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	−0.3627%	1h	$3K	$53K	5.5x	as long as short
Variational Omni PENDLE	−0.0228%	8h	$885K	$2.1M	—	as long as short
Bybit PENDLEUSDTshort	−0.0199%	8h	$16.5M	$11.4M	50x
Gate PENDLE_USDT	−0.0024%	8h	$826K	$1.0M	75x	as long as short
dYdX PENDLE-USD	0.0000%	1h	$11K	—	5x	as long as short
Deribit PENDLE_USDC-PERPETUAL	0.0000%	1h	$31K	$10K	10x	as long as short
Reya PENDLERUSDPERP	+0.0004%	1h	$4K	—	15x	as long as short
Polymarket Perps PENDLE-USD	+0.0008%	1h	$18K	$65K	5x	as long as short
Orderly PERP_PENDLE_USDC	+0.0051%	8h	$21K	$4K	10x	as long as short
ApeX Omni PENDLEUSDT	+0.0054%	1h	$81K	$234K	50x	as long as short

Show all 29 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Aster PENDLEUSDT	+0.0062%	8h	$51K	$122K	10x	as long as short
BloFin PENDLE-USDT	+0.0071%	8h	$1.5M	$853K	75x	as long as short
Lighter PENDLE	+0.0096%	1h	$577K	$356K	5x	as long as short
Paradex PENDLE-USD-PERP	+0.0100%	8h	$37K	$31K	10x	as long as short
Hyperliquid PENDLE	+0.0100%	1h	$12.6M	$5.1M	5x	as long as short
Binance PENDLEUSDT	+0.0100%	8h	$29.5M	$31.8M	75x	as long as short
OKX PENDLE-USDT-SWAP	+0.0100%	4h	$3.3M	$4.8M	50x	as long as short
MEXC PENDLE_USDT	+0.0100%	8h	$17.1M	$2.0M	125x	as long as short
KuCoin PENDLEUSDTM	+0.0100%	8h	$1.1M	$466K	50x	as long as short
Bitget PENDLEUSDT	+0.0100%	8h	$4.0M	$2.6M	75x	as long as short
BingX PENDLE-USDT	+0.0100%	8h	—	$34.1M	—	as long as short
edgeX PENDLEUSDC	+0.0100%	4h	$26K	$417K	10x	as long as short
SunX PENDLE-USDT	+0.0100%	8h	$1K	$1.5M	20x	as long as short
Extended PENDLE-USD	+0.0104%	1h	$175K	$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	$5K	—	100x	as long as short
Backpack PENDLE_USDC_PERP	+0.0319%	1h	$375K	$446K	15x	as long as short
Coinbase International PENDLE-PERP-INTX	+0.0368%	1h	$85K	$368K	25x	as long as short
Kraken Futures PF_PENDLEUSDlong	+0.1452%	1h	$171K	$216K	20x