PENDLE

Alert

Funding spread now, next payment 15:00 UTC−0.1391%/8h

next payment, per $10,000−$1.74paid, last 24h−0.546%paid, last 7 days−0.240%to open and close $10k−$188

Long on Kraken Futures Short on Coinbase International

The current rate is far above what this pair has been paying: over the last 7 days it paid -0.240% in total (about -12.5% a year). A funding rate is set anew for every payment; at this rate the next one is about −$1.74 per $10,000. 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	2.5967	0.1887	pay 0.0236% / 1h	0m 04s	$165K	$229K	20x
Short	Coinbase International PENDLE-PERP-INTX	2.5980	0.0496	get 0.0062% / 1h	0m 04s	$111K	$416K	25x

Funding history

latest

Range statsloading…

Funding on every exchange

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latest

Profit calculator

Position, each leg$Hold fordaysFee Kraken FuturesbpFee Coinbase InternationalbpOrdersRate

Funding earned: −$292.14
Slippage, 4 orders: −$167.92
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$480.06
Break-even: never at this rate

Slippage from Kraken Futures: live order book, 49 min ago; Coinbase International: live order book, 49 min ago.

Price risk

price view

Price gap now: +0.050%
Avg gap 7d: −0.096%

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, 49 min ago	9.40 bp	99.3 bp −$99	doesn't fit	doesn't fit	doesn't fit
Sell Coinbase International live order book, 49 min ago	5.63 bp	28.4 bp −$28	doesn't fit	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	−0.1178%	1h	$2K	$6K	5.5x	as long as short
Variational Omni PENDLE	−0.0282%	8h	$814K	$2.2M	—	as long as short
Bybit PENDLEUSDT	−0.0238%	8h	$16.2M	$11.6M	50x	as long as short
Polymarket Perps PENDLE-USD	−0.0060%	1h	$17K	$53K	5x	as long as short
Deribit PENDLE_USDC-PERPETUAL	−0.0020%	1h	$31K	$10K	10x	as long as short
dYdX PENDLE-USD	0.0000%	1h	$11K	—	5x	as long as short
Reya PENDLERUSDPERP	+0.0009%	1h	$4K	—	15x	as long as short
Aster PENDLEUSDT	+0.0012%	8h	$50K	$127K	10x	as long as short
Gate PENDLE_USDT	+0.0014%	8h	$824K	$1.1M	75x	as long as short
Orderly PERP_PENDLE_USDC	+0.0055%	8h	$20K	$5K	10x	as long as short

Show all 29 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
BloFin PENDLE-USDT	+0.0074%	8h	$1.5M	$858K	75x	as long as short
Lighter PENDLE	+0.0096%	1h	$564K	$359K	5x	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
Binance PENDLEUSDT	+0.0100%	8h	$28.9M	$33.3M	75x	as long as short
OKX PENDLE-USDT-SWAP	+0.0100%	4h	$3.2M	$4.9M	50x	as long as short
MEXC PENDLE_USDT	+0.0100%	8h	$16.8M	$2.1M	125x	as long as short
KuCoin PENDLEUSDTM	+0.0100%	8h	$969K	$519K	50x	as long as short
Bitget PENDLEUSDT	+0.0100%	8h	$3.9M	$2.7M	75x	as long as short
BingX PENDLE-USDT	+0.0100%	8h	—	$34.2M	—	as long as short
edgeX PENDLEUSDC	+0.0100%	4h	$26K	$417K	10x	as long as short
ApeX Omni PENDLEUSDT	+0.0100%	1h	$79K	$236K	50x	as long as short
SunX PENDLE-USDT	+0.0100%	8h	$2K	$1.5M	20x	as long as short
Extended PENDLE-USD	+0.0104%	1h	$171K	$520K	10x	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
Coinbase International PENDLE-PERP-INTXshort	+0.0496%	1h	$111K	$416K	25x
Backpack PENDLE_USDC_PERP	+0.0509%	1h	$367K	$449K	15x	as long as short
Kraken Futures PF_PENDLEUSDlong	+0.1887%	1h	$165K	$229K	20x