PENDLE

Alert

Funding spread now, next payment 16:00 UTC−0.0289%/8h

next payment, per $10,000−$2.89paid, last 24h−0.015%paid, last 7 days−0.154%to open and close $10k−$133

The current rate is far above what this pair has been paying: over the last 7 days it paid -0.154% in total (about -8.0% a year). A funding rate is set anew for every payment; at this rate the next one is about −$2.89 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	KuCoin PENDLEUSDTM	2.6550	0.0100	pay 0.0100% / 8h	45m 32s	$1.1M	$467K	50x
Short	Bybit PENDLEUSDT	2.6460	−0.0189	pay 0.0189% / 8h	45m 32s	$16.4M	$11.2M	50x

Funding history

latest

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Funding on every exchange

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latest

Profit calculator

Position, each leg$Hold fordaysFee KuCoinbpFee BybitbpOrdersRate

Funding earned: −$60.78
Slippage, 4 orders: −$109.92
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$193.71
Break-even: never at this rate

Slippage from KuCoin: live order book, 5 min ago; Bybit: live order book, 4 min ago.

Price risk

price view

Price gap now: −0.339%
Avg gap 7d: −0.022%

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 KuCoin live order book, 5 min ago	7.88 bp	46.8 bp −$47	113.9 bp −$1,139	doesn't fit	doesn't fit
Sell Bybit live order book, 4 min ago	1.88 bp	18.0 bp −$18	67.8 bp −$678	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	$3K	$6K	5.5x	as long as short
Variational Omni PENDLE	−0.0220%	8h	$888K	$2.1M	—	as long as short
Deribit PENDLE_USDC-PERPETUAL	−0.0202%	1h	$31K	$10K	10x	as long as short
Bybit PENDLEUSDTshort	−0.0189%	8h	$16.4M	$11.2M	50x
Gate PENDLE_USDT	−0.0022%	8h	$826K	$1.0M	75x	as long as short
dYdX PENDLE-USD	0.0000%	1h	$11K	—	5x	as long as short
Reya PENDLERUSDPERP	+0.0005%	1h	$4K	—	15x	as long as short
Polymarket Perps PENDLE-USD	+0.0048%	1h	$18K	$59K	5x	as long as short
Orderly PERP_PENDLE_USDC	+0.0053%	8h	$22K	$4K	10x	as long as short
Aster PENDLEUSDT	+0.0063%	8h	$51K	$122K	10x	as long as short

Show all 29 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Lighter PENDLE	+0.0096%	1h	$578K	$356K	5x	as long as short
Paradex PENDLE-USD-PERP	+0.0100%	8h	$37K	$30K	10x	as long as short
Hyperliquid PENDLE	+0.0100%	1h	$12.5M	$5.1M	5x	as long as short
Binance PENDLEUSDT	+0.0100%	8h	$29.5M	$31.9M	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	$17.2M	$2.1M	125x	as long as short
KuCoin PENDLEUSDTMlong	+0.0100%	8h	$1.1M	$467K	50x
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	$416K	10x	as long as short
ApeX Omni PENDLEUSDT	+0.0100%	1h	$81K	$235K	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	$175K	$520K	10x	as long as short
Aevo PENDLE-PERP	+0.0104%	1h	$28K	—	3x	as long as short
BloFin PENDLE-USDT	+0.0125%	8h	$1.5M	$855K	75x	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	+0.0475%	1h	$377K	$445K	15x	as long as short
Coinbase International PENDLE-PERP-INTX	+0.0496%	1h	$99K	$387K	25x	as long as short
Kraken Futures PF_PENDLEUSD	+0.1841%	1h	$171K	$215K	20x	as long as short