Funding you earn now, next payment 02:00 UTC−0.0100%/8h= −10.9% APRpaid last 24h −0.030%
Price spread now: dYdX against KuCoin−0.011%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 5 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: −$3 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | KuCoin PENDLEUSDTM | 2.5143 | 0.0100 | pay 0.0100% / 8h | 6h 18m | $868K | $595K | 50x |
| Short | dYdX PENDLE-USD | 2.5140 | 0 | get 0.0000% / 1h | 18m 01s | $11K | — | 5x |
KuCoin PENDLEUSDTM
dYdX PENDLE-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
dYdX against KuCoin. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$21
- Price spread: −0.011% → 0.000%
- −$1.1
- Slippage, 4 orders
- no order book: not counted
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee dYdX: 5 bp × 2 orders
- −$10
- Net
- −$44.1
- Costs to cover
- 0.220%
- Break-even
- never at this rate
Slippage unknown: KuCoin: live order book, 31 min ago; dYdX: no order-book sample. Net counts fees only.
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, 31 min ago | 9.93 bp | 58.8 bp −$59 | 170.8 bp −$1,708 | doesn't fit | doesn't fit |
| Sell dYdX no order-book sample | — | — | — | — | — |
dYdX: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
PENDLE on 29 venues
lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Injective PENDLE/USDC PERP | −0.4742% | 1h | 2.4870 | −1.086% | $2K | $54K | 5.5x | as long as short |
| Deribit PENDLE_USDC-PERPETUAL | −0.0386% | 1h | 2.5157 | +0.056% | $26K | $14K | 10x | as long as short |
| ApeX Omni PENDLEUSDT | −0.0130% | 1h | 2.5163 | +0.080% | $77K | $236K | 50x | as long as short |
| Binance PENDLEUSDT | −0.0129% | 8h | 2.5110 | −0.132% | $27.0M | $43.4M | 75x | as long as short |
| Extended PENDLE-USD | −0.0128% | 1h | 2.5122 | −0.083% | $163K | $570K | 10x | as long as short |
| MEXC PENDLE_USDT | −0.0126% | 8h | 2.5147 | +0.016% | $17.4M | $1.8M | 125x | as long as short |
| GRVT PENDLE_USDT_Perp | −0.0116% | 8h | 2.5198 | +0.219% | $425K | $1.7M | 10x | as long as short |
| Variational Omni PENDLE | −0.0039% | 8h | 2.5145 | +0.009% | $599K | $1.8M | — | as long as short |
| Bybit PENDLEUSDT | −0.0038% | 8h | 2.5110 | −0.131% | $15.2M | $12.1M | 50x | as long as short |
| Orderly PERP_PENDLE_USDC | −0.0038% | 8h | 2.5147 | +0.016% | $20K | $16K | 10x | as long as short |
Injective PENDLE/USDC PERP
Deribit PENDLE_USDC-PERPETUAL
ApeX Omni PENDLEUSDT
Binance PENDLEUSDT
Extended PENDLE-USD
MEXC PENDLE_USDT
GRVT PENDLE_USDT_Perp
Variational Omni PENDLE
Bybit PENDLEUSDT
Orderly PERP_PENDLE_USDCShow all 29 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Gate PENDLE_USDT | −0.0029% | 8h | 2.5140 | −0.012% | $764K | $1.2M | 75x | as long as short |
| Aster PENDLEUSDT | −0.0027% | 8h | 2.5174 | +0.124% | $50K | $181K | 10x | as long as short |
| dYdX PENDLE-USDshort | 0.0000% | 1h | 2.5140 | −0.011% | $11K | — | 5x | |
| Aevo PENDLE-PERP | +0.0048% | 1h | 2.5140 | −0.012% | $26K | — | 3x | as long as short |
| Reya PENDLERUSDPERP | +0.0056% | 1h | 2.5141 | −0.010% | $4K | — | 15x | as long as short |
| Lighter PENDLE | +0.0096% | 1h | 2.5154 | +0.044% | $535K | $416K | 5x | as long as short |
| Paradex PENDLE-USD-PERP | +0.0100% | 8h | 2.5158 | +0.059% | $35K | $16K | 10x | as long as short |
| Hyperliquid PENDLE | +0.0100% | 1h | 2.5168 | +0.099% | $12.9M | $6.4M | 5x | as long as short |
| OKX PENDLE-USDT-SWAP | +0.0100% | 4h | 2.5110 | −0.131% | $3.2M | $6.2M | 50x | as long as short |
| KuCoin PENDLEUSDTMlong | +0.0100% | 8h | 2.5143 | long leg | $868K | $595K | 50x | |
| Bitget PENDLEUSDT | +0.0100% | 8h | 2.5119 | −0.095% | $3.8M | $2.5M | 75x | as long as short |
| BingX PENDLE-USDT | +0.0100% | 8h | 2.5132 | −0.044% | — | $33.6M | — | as long as short |
| edgeX PENDLEUSDC | +0.0100% | 4h | 2.5159 | +0.062% | $25K | $380K | 10x | as long as short |
| Polymarket Perps PENDLE-USD | +0.0100% | 1h | 2.5178 | +0.139% | $16K | $20K | 5x | as long as short |
| SunX PENDLE-USDT | +0.0100% | 8h | 2.5158 | +0.060% | $2K | $1.8M | 20x | as long as short |
| GMX PENDLE/USD [PENDLE-USDC] | L +0.0158% / S −0.0256% | 1h | 2.5174 | +0.122% | $7K | — | 100x | as long as short |
| Backpack PENDLE_USDC_PERP | +0.0440% | 1h | 2.5191 | +0.191% | $353K | $481K | 15x | as long as short |
| Coinbase International PENDLE-PERP-INTX | +0.0632% | 1h | 2.5260 | +0.465% | $145K | $474K | 25x | as long as short |
| Kraken Futures PF_PENDLEUSD | +0.0865% | 1h | 2.5207 | +0.253% | $117K | $290K | 20x | as long as short |
Gate PENDLE_USDT
Aster PENDLEUSDT
Aevo PENDLE-PERP
Reya PENDLERUSDPERP
Lighter PENDLE
Paradex PENDLE-USD-PERP
Hyperliquid PENDLE
OKX PENDLE-USDT-SWAP
Bitget PENDLEUSDT
BingX PENDLE-USDT
edgeX PENDLEUSDC
Polymarket Perps PENDLE-USD
SunX PENDLE-USDT
GMX PENDLE/USD [PENDLE-USDC]
Backpack PENDLE_USDC_PERP
Coinbase International PENDLE-PERP-INTX
Kraken Futures PF_PENDLEUSD