PENDLE

Alert

Funding spread now, next payment 20:00 UTC−0.0268%/8h

paid, last 24h−0.037%paid, last 7 days−0.164%to open and close $10k−$68

The current rate is far above what this pair has been paying: over the last 7 days it paid -0.164% in total (about -8.6% 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	OKX PENDLE-USDT-SWAP	2.5800	0.0100	pay 0.0050% / 4h	3h 24m	$3.3M	$5.2M	50x
Short	Bybit PENDLEUSDT	2.5770	−0.0168	pay 0.0168% / 8h	7h 24m	$16.1M	$12.0M	50x

Funding history

latest

Range statsloading…

Funding on every exchange

click an exchange to add or hide it

latest

Profit calculator

Position, each leg$Hold fordaysFee OKXbpFee BybitbpOrdersRate

Funding earned: −$56.22
Slippage, 4 orders: −$47.02
Fee OKX: 5 bp × 2 orders: −$10
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$124.24
Break-even: never at this rate

Slippage from OKX: live order book, 5 min ago; Bybit: live order book, 1 min ago.

Price risk

price view

Price gap now: −0.116%
Avg gap 7d: −0.019%

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 OKX live order book, 5 min ago	1.93 bp	16.8 bp −$17	126.9 bp −$1,269	doesn't fit	doesn't fit
Sell Bybit live order book, 1 min ago	1.94 bp	18.6 bp −$19	66.4 bp −$664	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	−0.1875%	1h	$2K	$6K	5.5x	as long as short
Variational Omni PENDLE	−0.0271%	8h	$671K	$2.3M	—	as long as short
Bybit PENDLEUSDTshort	−0.0168%	8h	$16.1M	$12.0M	50x
dYdX PENDLE-USD	0.0000%	1h	$11K	—	5x	as long as short
Deribit PENDLE_USDC-PERPETUAL	0.0000%	1h	$30K	$11K	10x	as long as short
Aster PENDLEUSDT	+0.0007%	8h	$51K	$128K	10x	as long as short
Reya PENDLERUSDPERP	+0.0012%	1h	$4K	—	15x	as long as short
Orderly PERP_PENDLE_USDC	+0.0054%	8h	$20K	$4K	10x	as long as short
ApeX Omni PENDLEUSDT	+0.0073%	1h	$78K	$237K	50x	as long as short
Lighter PENDLE	+0.0096%	1h	$563K	$352K	5x	as long as short

Show all 29 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Extended PENDLE-USD	+0.0096%	1h	$170K	$520K	10x	as long as short
Binance PENDLEUSDT	+0.0099%	8h	$28.7M	$33.9M	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
OKX PENDLE-USDT-SWAPlong	+0.0100%	4h	$3.3M	$5.2M	50x
Gate PENDLE_USDT	+0.0100%	8h	$820K	$1.1M	75x	as long as short
MEXC PENDLE_USDT	+0.0100%	8h	$16.8M	$2.1M	125x	as long as short
KuCoin PENDLEUSDTM	+0.0100%	8h	$951K	$533K	50x	as long as short
Bitget PENDLEUSDT	+0.0100%	8h	$3.8M	$2.6M	75x	as long as short
BingX PENDLE-USDT	+0.0100%	8h	—	$34.3M	—	as long as short
edgeX PENDLEUSDC	+0.0100%	4h	$26K	$415K	10x	as long as short
Polymarket Perps PENDLE-USD	+0.0100%	1h	$16K	$42K	5x	as long as short
SunX PENDLE-USDT	+0.0100%	8h	$2K	$1.5M	20x	as long as short
Aevo PENDLE-PERP	+0.0104%	1h	$27K	—	3x	as long as short
BloFin PENDLE-USDT	+0.0111%	8h	$1.4M	$853K	75x	as long as short
GMX PENDLE/USD [PENDLE-USDC]	L +0.0200% / S −0.0272%	1h	$5K	—	100x	as long as short
Backpack PENDLE_USDC_PERP	+0.0286%	1h	$372K	$451K	15x	as long as short
Coinbase International PENDLE-PERP-INTX	+0.0432%	1h	$115K	$432K	25x	as long as short
Kraken Futures PF_PENDLEUSD	+0.1745%	1h	$163K	$232K	20x	as long as short