PENDLE

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC+0.0004%/8h= +0.4% APRnext payment +$0.01 per $10,000 · paid last 24h −0.002%

Price spread now: Polymarket Perps against Lighter+0.062%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Lighter Short on Polymarket Perps

What this pair did over the last

the charts below follow

Funding, last 7 days−0.126%−$13 on $10k

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropLighter: Season 3 · farm boardneeds both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Polymarket Perps is 0.062% dearer against Lighter than usual: you sell high and buy low, +$6 on $10k if it goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter PENDLE	2.4087	0.0096	pay 0.0012% / 1h	47m 25s	$647K	$528K	5x
Short	Polymarket Perps PENDLE-USD	2.4102	0.0100	get 0.0013% / 1h	47m 25s	$16K	$4K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Polymarket Perps against Lighter. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee LighterbpFee Polymarket PerpsbpOrdersPrice spread, now +0.062%Rate

Funding earned: $0.84
Price spread: +0.062% → 0.000%: $6.23
Slippage, 4 orders: no order book: not counted
Fee Lighter: 0 bp × 2 orders: $0
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: −$0.93
Costs to cover: 0.080%
Break-even: 14.8 days

Slippage unknown: Lighter: live order book, 51 min ago; Polymarket Perps: 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 Lighter live order book, 51 min ago	4.55 bp	7.0 bp −$7	70.0 bp −$700	doesn't fit	doesn't fit
Sell Polymarket Perps no order-book sample	—	—	—	—	—

Polymarket Perps: 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 exchanges

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	−0.3596%	1h	2.3810	−1.150%	$2K	$52K	5.5x	as long as short
Kraken Futures PF_PENDLEUSD	−0.0139%	1h	2.4083	−0.015%	$124K	$255K	20x	as long as short
BloFin PENDLE-USDT	−0.0103%	8h	2.3990	−0.403%	$1.1M	$523K	75x	as long as short
Extended PENDLE-USD	−0.0088%	1h	2.4078	−0.036%	$155K	$943K	10x	as long as short
MEXC PENDLE_USDT	−0.0087%	8h	2.4088	+0.004%	$18.5M	$2.1M	125x	as long as short
Binance PENDLEUSDT	−0.0086%	8h	2.4087	0.000%	$24.9M	$47.3M	75x	as long as short
Aster PENDLEUSDT	−0.0033%	8h	2.4077	−0.042%	$49K	$166K	10x	as long as short
dYdX PENDLE-USD	0.0000%	1h	2.4053	−0.140%	$10K	—	5x	as long as short
Deribit PENDLE_USDC-PERPETUAL	0.0000%	1h	2.4072	−0.062%	$24K	$10K	10x	as long as short
Orderly PERP_PENDLE_USDC	+0.0003%	8h	2.4087	0.000%	$18K	$15K	10x	as long as short

Show all 30 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT PENDLE_USDT_Perp	+0.0004%	8h	2.4017	−0.291%	$403K	$3.2M	10x	as long as short
Aevo PENDLE-PERP	+0.0056%	1h	2.4080	−0.029%	$25K	—	3x	as long as short
Variational Omni PENDLE	+0.0075%	8h	2.3979	−0.450%	$546K	$921K	—	as long as short
Lighter PENDLElong	+0.0096%	1h	2.4087	long leg	$647K	$528K	5x
Paradex PENDLE-USD-PERP	+0.0100%	8h	2.4083	−0.017%	$34K	—	10x	as long as short
Bybit PENDLEUSDT	+0.0100%	8h	2.4080	−0.029%	$14.5M	$12.1M	50x	as long as short
OKX PENDLE-USDT-SWAP	+0.0100%	4h	2.4100	+0.054%	$3.1M	$6.9M	50x	as long as short
Gate PENDLE_USDT	+0.0100%	8h	2.4070	−0.071%	$769K	$895K	75x	as long as short
KuCoin PENDLEUSDTM	+0.0100%	8h	2.4067	−0.083%	$634K	$505K	50x	as long as short
Bitget PENDLEUSDT	+0.0100%	8h	2.4093	+0.025%	$3.8M	$2.6M	75x	as long as short
BingX PENDLE-USDT	+0.0100%	8h	2.4089	+0.008%	—	$8.1M	—	as long as short
edgeX PENDLEUSDC	+0.0100%	4h	2.4002	−0.352%	$22K	$365K	10x	as long as short
ApeX Omni PENDLEUSDT	+0.0100%	1h	2.3999	−0.365%	$73K	$232K	50x	as long as short
Polymarket Perps PENDLE-USDshort	+0.0100%	1h	2.4102	+0.062%	$16K	$4K	5x
SunX PENDLE-USDT	+0.0100%	8h	2.4060	−0.112%	$2K	$1.8M	20x	as long as short
Reya PENDLERUSDPERP	+0.0101%	1h	2.4091	+0.018%	$3K	—	15x	as long as short
GMX PENDLE/USD [PENDLE-USDC]	L +0.0175% / S −0.0165%	1h	2.4100	+0.053%	$5K	—	100x	as long as short
Hyperliquid PENDLE	+0.0294%	1h	2.4127	+0.166%	$12.9M	$5.9M	5x	as long as short
Coinbase International PENDLE-PERP-INTX	+0.0600%	1h	2.4080	−0.029%	$160K	$533K	25x	as long as short
Backpack PENDLE_USDC_PERP	+0.0879%	1h	2.4132	+0.187%	$359K	$384K	15x	as long as short