PENDLE

Alert

Funding spread now, next payment 17:00 UTC−0.1633%/8h

paid, last 24h−0.431%paid, last 7 days−0.233%to open and close $10k−$191

The current rate is far above what this pair has been paying: over the last 7 days it paid -0.233% in total (about -12.2% 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	2.6080	0.1733	pay 0.0217% / 1h	43m 29s	$164K	$232K	20x
Short	OKX PENDLE-USDT-SWAP	2.6010	0.0100	get 0.0050% / 4h	3h 43m	$3.2M	$5.0M	50x

Funding history

latest

Range statsloading…

Funding on every exchange

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latest

Profit calculator

Position, each leg$Hold fordaysFee Kraken FuturesbpFee OKXbpOrdersRate

Funding earned: −$342.86
Slippage, 4 orders: −$171.22
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee OKX: 5 bp × 2 orders: −$10
Net: −$534.08
Break-even: never at this rate

Slippage from Kraken Futures: live order book, just now; OKX: live order book, 1 min ago.

Price risk

price view

Price gap now: −0.269%
Avg gap 7d: −0.201%

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, just now	15.37 bp	97.6 bp −$98	doesn't fit	doesn't fit	doesn't fit
Sell OKX live order book, 1 min ago	1.92 bp	22.5 bp −$22	80.6 bp −$806	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	−0.1875%	1h	$2K	$6K	5.5x	as long as short
Variational Omni PENDLE	−0.0276%	8h	$670K	$2.4M	—	as long as short
Bybit PENDLEUSDT	−0.0118%	8h	$16.2M	$12.0M	50x	as long as short
ApeX Omni PENDLEUSDT	−0.0032%	1h	$78K	$236K	50x	as long as short
dYdX PENDLE-USD	0.0000%	1h	$11K	—	5x	as long as short
Deribit PENDLE_USDC-PERPETUAL	0.0000%	1h	$31K	$11K	10x	as long as short
Reya PENDLERUSDPERP	+0.0010%	1h	$4K	—	15x	as long as short
Aster PENDLEUSDT	+0.0017%	8h	$52K	$128K	10x	as long as short
Orderly PERP_PENDLE_USDC	+0.0055%	8h	$20K	$5K	10x	as long as short
Polymarket Perps PENDLE-USD	+0.0086%	1h	$17K	$49K	5x	as long as short

Show all 29 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Lighter PENDLE	+0.0096%	1h	$567K	$350K	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	$5.3M	5x	as long as short
Binance PENDLEUSDT	+0.0100%	8h	$28.9M	$33.9M	75x	as long as short
OKX PENDLE-USDT-SWAPshort	+0.0100%	4h	$3.2M	$5.0M	50x
Gate PENDLE_USDT	+0.0100%	8h	$822K	$1.1M	75x	as long as short
MEXC PENDLE_USDT	+0.0100%	8h	$16.8M	$2.1M	125x	as long as short
KuCoin PENDLEUSDTM	+0.0100%	8h	$966K	$529K	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
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
BloFin PENDLE-USDT	+0.0113%	8h	$1.5M	$859K	75x	as long as short
Backpack PENDLE_USDC_PERP	+0.0178%	1h	$376K	$454K	15x	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	+0.0432%	1h	$117K	$431K	25x	as long as short
Kraken Futures PF_PENDLEUSDlong	+0.1733%	1h	$164K	$232K	20x