PENDLE

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0131%/8h= +14.4% APRnext payment +$1.31 per $10,000 · paid last 24h +0.022%

Price spread now: SunX against Orderly+0.108%7-day average — · you sell dearer than you buy

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

Long on Orderly Short on SunX

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

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

Together, before fees—needs both histories

Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and SunX is 0.108% dearer against Orderly than usual: you sell high and buy low: +$11 more if the spread 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	Orderly PERP_PENDLE_USDC	2.5083	−0.0031	get 0.0031% / 8h	6h 44m	$20K	$16K	10x
Short	SunX PENDLE-USDT	2.5110	0.0100	get 0.0100% / 8h	6h 44m	$2K	$1.8M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX against Orderly. 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 OrderlybpFee SunXbpOrdersPrice spread, now +0.108%Rate

Funding earned: $27.58
Price spread: +0.108% → 0.000%: $10.76
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee SunX: 4 bp × 2 orders: −$8
Net: $24.34
Costs to cover: 0.140%
Break-even: 0.8 days

Slippage unknown: Orderly: no order-book sample; SunX: live order book, 11 min ago. 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 Orderly no order-book sample	—	—	—	—	—
Sell SunX live order book, 11 min ago	500.69 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit

Orderly: 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	−0.4742%	1h	2.4750	−1.328%	$2K	$54K	5.5x	as long as short
Deribit PENDLE_USDC-PERPETUAL	−0.0666%	1h	2.5094	+0.044%	$26K	$14K	10x	as long as short
ApeX Omni PENDLEUSDT	−0.0271%	1h	2.5129	+0.183%	$77K	$237K	50x	as long as short
Extended PENDLE-USD	−0.0112%	1h	2.5103	+0.079%	$167K	$569K	10x	as long as short
GRVT PENDLE_USDT_Perp	−0.0112%	8h	2.5146	+0.252%	$420K	$1.7M	10x	as long as short
Binance PENDLEUSDT	−0.0111%	8h	2.5130	+0.188%	$27.1M	$43.3M	75x	as long as short
MEXC PENDLE_USDT	−0.0109%	8h	2.5131	+0.191%	$17.4M	$1.8M	125x	as long as short
Bybit PENDLEUSDT	−0.0098%	8h	2.5120	+0.148%	$15.3M	$12.1M	50x	as long as short
BloFin PENDLE-USDT	−0.0095%	8h	2.5143	+0.239%	$1.3M	$654K	75x	as long as short
Variational Omni PENDLE	−0.0038%	8h	2.5076	−0.027%	$598K	$1.8M	—	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Orderly PERP_PENDLE_USDClong	−0.0031%	8h	2.5083	long leg	$20K	$16K	10x
dYdX PENDLE-USD	0.0000%	1h	2.5135	+0.207%	$11K	—	5x	as long as short
Aster PENDLEUSDT	+0.0007%	8h	2.5097	+0.057%	$50K	$180K	10x	as long as short
Gate PENDLE_USDT	+0.0007%	8h	2.5110	+0.108%	$783K	$1.2M	75x	as long as short
Reya PENDLERUSDPERP	+0.0053%	1h	2.5133	+0.199%	$4K	—	15x	as long as short
Aevo PENDLE-PERP	+0.0056%	1h	2.5094	+0.044%	$26K	—	3x	as long as short
Lighter PENDLE	+0.0096%	1h	2.5112	+0.116%	$534K	$414K	5x	as long as short
Paradex PENDLE-USD-PERP	+0.0100%	8h	2.5111	+0.112%	$35K	$16K	10x	as long as short
OKX PENDLE-USDT-SWAP	+0.0100%	4h	2.5150	+0.267%	$3.2M	$6.2M	50x	as long as short
KuCoin PENDLEUSDTM	+0.0100%	8h	2.5123	+0.159%	$854K	$593K	50x	as long as short
Bitget PENDLEUSDT	+0.0100%	8h	2.5130	+0.187%	$3.8M	$2.5M	75x	as long as short
BingX PENDLE-USDT	+0.0100%	8h	2.5116	+0.132%	—	$33.8M	—	as long as short
edgeX PENDLEUSDC	+0.0100%	4h	2.5121	+0.150%	$25K	$382K	10x	as long as short
Polymarket Perps PENDLE-USD	+0.0100%	1h	2.5150	+0.267%	$16K	$20K	5x	as long as short
SunX PENDLE-USDTshort	+0.0100%	8h	2.5110	+0.108%	$2K	$1.8M	20x
GMX PENDLE/USD [PENDLE-USDC]	L +0.0158% / S −0.0256%	1h	2.5115	+0.127%	$7K	—	100x	as long as short
Backpack PENDLE_USDC_PERP	+0.0311%	1h	2.5134	+0.203%	$352K	$485K	15x	as long as short
Hyperliquid PENDLE	+0.0318%	1h	2.5169	+0.343%	$13.0M	$6.4M	5x	as long as short
Coinbase International PENDLE-PERP-INTX	+0.0632%	1h	2.5100	+0.068%	$146K	$468K	25x	as long as short
Kraken Futures PF_PENDLEUSD	+0.0867%	1h	2.5137	+0.217%	$117K	$291K	20x	as long as short