PENDLE

Alert

Funding spread now, next payment 16:00 UTC+0.1738%/8h

paid, last 24h+0.436%paid, last 7 days+0.179%to open and close $10k−$242

The current rate is far above what this pair has been paying: over the last 7 days it paid 0.179% in total (about 9.3% 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	KuCoin PENDLEUSDTM	2.6623	0.0100	pay 0.0100% / 8h	48m 59s	$1.1M	$467K	50x
Short	Kraken Futures PF_PENDLEUSD	2.6659	0.1838	get 0.0230% / 1h	48m 59s	$171K	$214K	20x

Funding history

latest

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Funding on every exchange

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latest

Profit calculator

Position, each leg$Hold fordaysFee KuCoinbpFee Kraken FuturesbpOrdersRate

Funding earned: $365.01
Slippage, 4 orders: −$220.18
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: $122.83
Break-even: 4.6 days

Slippage from KuCoin: live order book, 2 min ago; Kraken Futures: live order book, 65 min ago.

Price risk

price view

Price gap now: +0.136%
Avg gap 7d: +0.150%

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, 2 min ago	7.88 bp	46.8 bp −$47	113.9 bp −$1,139	doesn't fit	doesn't fit
Sell Kraken Futures live order book, 65 min ago	13.23 bp	59.3 bp −$59	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	$3K	$6K	5.5x	as long as short
Variational Omni PENDLE	−0.0222%	8h	$887K	$2.1M	—	as long as short
Bybit PENDLEUSDT	−0.0182%	8h	$16.5M	$11.3M	50x	as long as short
Gate PENDLE_USDT	−0.0011%	8h	$831K	$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	+0.0005%	1h	$4K	—	15x	as long as short
Orderly PERP_PENDLE_USDC	+0.0053%	8h	$22K	$4K	10x	as long as short
Aster PENDLEUSDT	+0.0069%	8h	$52K	$122K	10x	as long as short
Lighter PENDLE	+0.0096%	1h	$580K	$356K	5x	as long as short

Show all 29 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Paradex PENDLE-USD-PERP	+0.0100%	8h	$37K	$30K	10x	as long as short
Hyperliquid PENDLE	+0.0100%	1h	$12.6M	$5.1M	5x	as long as short
Binance PENDLEUSDT	+0.0100%	8h	$29.7M	$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	$2.0M	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
Polymarket Perps PENDLE-USD	+0.0100%	1h	$18K	$62K	5x	as long as short
SunX PENDLE-USDT	+0.0100%	8h	$2K	$1.4M	20x	as long as short
Extended PENDLE-USD	+0.0104%	1h	$176K	$520K	10x	as long as short
Aevo PENDLE-PERP	+0.0104%	1h	$28K	—	3x	as long as short
BloFin PENDLE-USDT	+0.0106%	8h	$1.5M	$857K	75x	as long as short
GMX PENDLE/USD [PENDLE-USDC]	L +0.0200% / S −0.0269%	1h	$6K	—	100x	as long as short
Coinbase International PENDLE-PERP-INTX	+0.0496%	1h	$100K	$389K	25x	as long as short
Backpack PENDLE_USDC_PERP	+0.0546%	1h	$378K	$446K	15x	as long as short
Kraken Futures PF_PENDLEUSDshort	+0.1838%	1h	$171K	$214K	20x