PENDLE

Alert

Funding spread now, next payment 17:00 UTC−0.0096%/8h

next payment, per $10,000−$0.12paid, last 24h−0.029%paid, last 5 days−0.182%to open and closeno order book

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter PENDLE	2.5950	0.0096	pay 0.0012% / 1h	56m 20s	$565K	$349K	5x
Short	dYdX PENDLE-USD	2.5910	0	get 0.0000% / 1h	56m 20s	$11K	—	5x

Funding history

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Funding on every exchange

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Profit calculator

Position, each leg$Hold fordaysFee LighterbpFee dYdXbpOrdersRate

Funding earned: −$20.16
Slippage, 4 orders: no order book: not counted
Fee Lighter: 0 bp × 2 orders: $0
Fee dYdX: 5 bp × 2 orders: −$10
Net: −$30.16
Break-even: never at this rate

Slippage unknown: Lighter: live order book, 50 min ago; dYdX: no order-book sample. Net counts fees only.

Price risk

price view

Price gap now: −0.154%
Avg gap 7d: —

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 Lighter live order book, 50 min ago	3.58 bp	4.3 bp −$4	60.6 bp −$606	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.

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	−0.0282%	8h	$814K	$2.2M	—	as long as short
Polymarket Perps PENDLE-USD	−0.0047%	1h	$17K	$51K	5x	as long as short
Deribit PENDLE_USDC-PERPETUAL	−0.0020%	1h	$31K	$10K	10x	as long as short
dYdX PENDLE-USDshort	0.0000%	1h	$11K	—	5x
Reya PENDLERUSDPERP	+0.0009%	1h	$4K	—	15x	as long as short
Aster PENDLEUSDT	+0.0013%	8h	$50K	$127K	10x	as long as short
Bybit PENDLEUSDT	+0.0040%	8h	$16.2M	$11.6M	50x	as long as short
Orderly PERP_PENDLE_USDC	+0.0055%	8h	$20K	$5K	10x	as long as short
Lighter PENDLElong	+0.0096%	1h	$565K	$349K	5x

Show all 29 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Gate PENDLE_USDT	+0.0099%	8h	$823K	$1.1M	75x	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	$5.2M	5x	as long as short
Binance PENDLEUSDT	+0.0100%	8h	$28.9M	$33.3M	75x	as long as short
OKX PENDLE-USDT-SWAP	+0.0100%	4h	$3.2M	$4.9M	50x	as long as short
MEXC PENDLE_USDT	+0.0100%	8h	$16.8M	$2.1M	125x	as long as short
KuCoin PENDLEUSDTM	+0.0100%	8h	$969K	$519K	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	$418K	10x	as long as short
ApeX Omni PENDLEUSDT	+0.0100%	1h	$79K	$236K	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	$171K	$520K	10x	as long as short
Aevo PENDLE-PERP	+0.0104%	1h	$27K	—	3x	as long as short
BloFin PENDLE-USDT	+0.0124%	8h	$1.5M	$857K	75x	as long as short
Backpack PENDLE_USDC_PERP	+0.0139%	1h	$366K	$450K	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	$119K	$425K	25x	as long as short
Kraken Futures PF_PENDLEUSD	+0.1738%	1h	$165K	$228K	20x	as long as short