Funding you earn now, next payment 23:00 UTC−0.0059%/8h= −6.5% APRpaid last 24h −0.035%
Price spread now: Reya against KuCoin−0.004%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: −$2 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 | 2.4937 | 0.0100 | pay 0.0100% / 8h | 1h 24m | $890K | $613K | 50x |
| Short | Reya PENDLERUSDPERP | 2.4936 | 0.0041 | get 0.0005% / 1h | 24m 12s | $4K | — | 15x |
KuCoin PENDLEUSDTM
Reya PENDLERUSDPERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Reya 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
- −$12.48
- Price spread: −0.004% → 0.000%
- −$0.44
- Slippage, 4 orders
- no order book: not counted
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Reya: 3 bp × 2 orders
- −$6
- Net
- −$30.92
- Costs to cover
- 0.180%
- Break-even
- never at this rate
Slippage unknown: KuCoin: live order book, 50 min ago; Reya: 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, 50 min ago | 8.16 bp | 53.2 bp −$53 | 173.5 bp −$1,735 | doesn't fit | doesn't fit |
| Sell Reya no order-book sample | — | — | — | — | — |
Reya: 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 30 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 | −0.3656% | 1h | 2.4770 | −0.670% | $2K | $53K | 5.5x | as long as short |
| Deribit PENDLE_USDC-PERPETUAL | −0.0311% | 1h | 2.4942 | +0.020% | $29K | $10K | 10x | as long as short |
| ApeX Omni PENDLEUSDT | −0.0108% | 1h | 2.4910 | −0.108% | $76K | $239K | 50x | as long as short |
| dYdX PENDLE-USD | 0.0000% | 1h | 2.4968 | +0.126% | $10K | — | 5x | as long as short |
| Binance PENDLEUSDT | +0.0004% | 8h | 2.4928 | −0.034% | $27.0M | $40.8M | 75x | as long as short |
| MEXC PENDLE_USDT | +0.0005% | 8h | 2.4929 | −0.032% | $16.9M | $2.1M | 125x | as long as short |
| Extended PENDLE-USD | +0.0008% | 1h | 2.4916 | −0.083% | $164K | $526K | 10x | as long as short |
| Orderly PERP_PENDLE_USDC | +0.0020% | 8h | 2.4931 | −0.024% | $20K | $16K | 10x | as long as short |
| BloFin PENDLE-USDT | +0.0033% | 8h | 2.4888 | −0.196% | $1.3M | $736K | 75x | as long as short |
| Reya PENDLERUSDPERPshort | +0.0041% | 1h | 2.4936 | −0.004% | $4K | — | 15x |
Injective PENDLE/USDC PERP
Deribit PENDLE_USDC-PERPETUAL
ApeX Omni PENDLEUSDT
dYdX PENDLE-USD
Binance PENDLEUSDT
MEXC PENDLE_USDT
Extended PENDLE-USD
Orderly PERP_PENDLE_USDC
BloFin PENDLE-USDTShow all 30 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni PENDLE | +0.0064% | 8h | 2.4887 | −0.201% | $550K | $2.0M | — | as long as short |
| Aevo PENDLE-PERP | +0.0080% | 1h | 2.4931 | −0.024% | $26K | — | 3x | as long as short |
| GRVT PENDLE_USDT_Perp | +0.0085% | 8h | 2.4901 | −0.146% | $414K | $1.6M | 10x | as long as short |
| Lighter PENDLE | +0.0096% | 1h | 2.4937 | 0.000% | $525K | $423K | 5x | as long as short |
| Paradex PENDLE-USD-PERP | +0.0100% | 8h | 2.4938 | +0.004% | $35K | $20K | 10x | as long as short |
| Hyperliquid PENDLE | +0.0100% | 1h | 2.4976 | +0.156% | $12.3M | $5.9M | 5x | as long as short |
| Aster PENDLEUSDT | +0.0100% | 8h | 2.4930 | −0.028% | $43K | $176K | 10x | as long as short |
| Bybit PENDLEUSDT | +0.0100% | 8h | 2.4924 | −0.052% | $15.4M | $11.9M | 50x | as long as short |
| OKX PENDLE-USDT-SWAP | +0.0100% | 4h | 2.4940 | +0.012% | $3.2M | $5.9M | 50x | as long as short |
| Gate PENDLE_USDT | +0.0100% | 8h | 2.4920 | −0.068% | $782K | $1.2M | 75x | as long as short |
| KuCoin PENDLEUSDTMlong | +0.0100% | 8h | 2.4937 | long leg | $890K | $613K | 50x | |
| Bitget PENDLEUSDT | +0.0100% | 8h | 2.4910 | −0.108% | $3.7M | $2.7M | 75x | as long as short |
| BingX PENDLE-USDT | +0.0100% | 8h | 2.4934 | −0.012% | — | $36.2M | — | as long as short |
| edgeX PENDLEUSDC | +0.0100% | 4h | 2.4897 | −0.161% | $25K | $395K | 10x | as long as short |
| Polymarket Perps PENDLE-USD | +0.0100% | 1h | 2.4965 | +0.112% | $16K | $20K | 5x | as long as short |
| SunX PENDLE-USDT | +0.0100% | 8h | 2.4954 | +0.068% | $2K | $1.7M | 20x | as long as short |
| GMX PENDLE/USD [PENDLE-USDC] | L +0.0199% / S −0.0256% | 1h | 2.4954 | +0.068% | $5K | — | 100x | as long as short |
| Coinbase International PENDLE-PERP-INTX | +0.0592% | 1h | 2.4980 | +0.172% | $138K | $461K | 25x | as long as short |
| Backpack PENDLE_USDC_PERP | +0.0674% | 1h | 2.4981 | +0.176% | $353K | $474K | 15x | as long as short |
| Kraken Futures PF_PENDLEUSD | +0.0754% | 1h | 2.4992 | +0.219% | $120K | $304K | 20x | as long as short |
Variational Omni PENDLE
Aevo PENDLE-PERP
GRVT PENDLE_USDT_Perp
Lighter PENDLE
Paradex PENDLE-USD-PERP
Hyperliquid PENDLE
Aster PENDLEUSDT
Bybit PENDLEUSDT
OKX PENDLE-USDT-SWAP
Gate PENDLE_USDT
Bitget PENDLEUSDT
BingX PENDLE-USDT
edgeX PENDLEUSDC
Polymarket Perps PENDLE-USD
SunX PENDLE-USDT
GMX PENDLE/USD [PENDLE-USDC]
Coinbase International PENDLE-PERP-INTX
Backpack PENDLE_USDC_PERP
Kraken Futures PF_PENDLEUSD