PENDLE

Alert

Funding spread now, next payment 16:00 UTC+0.0175%/8h

next payment, per $10,000+$0.22paid, last 24h+0.097%paid, last 3 days+0.357%to open and closeno order book

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Polymarket Perps PENDLE-USD	2.6476	0.0094	pay 0.0012% / 1h	53m 20s	$18K	$62K	5x
Short	GMX PENDLE/USD [PENDLE-USDC]	2.6490	L +0.0200% / S −0.0269%	get 0.0034% / 1h	53m 20s	$5K	—	100x

Funding history

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Funding on every exchange

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Profit calculator

Position, each leg$Hold fordaysFee Polymarket PerpsbpFee GMXbpOrdersRate

Funding earned: $36.76
Slippage, 4 orders: no order book: not counted
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee GMX: 6 bp × 2 orders: −$12
Net: $16.76
Break-even: 3.8 days

Slippage unknown: Polymarket Perps: no order-book sample; GMX: no order-book sample. Net counts fees only.

Price risk

price view

Price gap now: +0.051%
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 Polymarket Perps no order-book sample	—	—	—	—	—
Sell GMX no order-book sample	—	—	—	—	—

Polymarket Perps and GMX: 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	−0.1178%	1h	$3K	$6K	5.5x	as long as short
Variational Omni PENDLE	−0.0230%	8h	$884K	$2.1M	—	as long as short
Bybit PENDLEUSDT	−0.0187%	8h	$16.4M	$11.3M	50x	as long as short
Gate PENDLE_USDT	−0.0020%	8h	$827K	$1.0M	75x	as long as short
dYdX PENDLE-USD	0.0000%	1h	$11K	—	5x	as long as short
Deribit PENDLE_USDC-PERPETUAL	0.0000%	1h	$31K	$10K	10x	as long as short
Reya PENDLERUSDPERP	+0.0005%	1h	$4K	—	15x	as long as short
Orderly PERP_PENDLE_USDC	+0.0052%	8h	$22K	$4K	10x	as long as short
Aster PENDLEUSDT	+0.0059%	8h	$51K	$122K	10x	as long as short
Polymarket Perps PENDLE-USDlong	+0.0094%	1h	$18K	$62K	5x

Show all 29 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Lighter PENDLE	+0.0096%	1h	$577K	$356K	5x	as long as short
Paradex PENDLE-USD-PERP	+0.0100%	8h	$37K	$30K	10x	as long as short
Hyperliquid PENDLE	+0.0100%	1h	$12.5M	$5.1M	5x	as long as short
Binance PENDLEUSDT	+0.0100%	8h	$29.5M	$31.8M	75x	as long as short
OKX PENDLE-USDT-SWAP	+0.0100%	4h	$3.3M	$4.8M	50x	as long as short
MEXC PENDLE_USDT	+0.0100%	8h	$17.1M	$2.0M	125x	as long as short
KuCoin PENDLEUSDTM	+0.0100%	8h	$1.1M	$466K	50x	as long as short
Bitget PENDLEUSDT	+0.0100%	8h	$4.0M	$2.6M	75x	as long as short
BingX PENDLE-USDT	+0.0100%	8h	—	$34.1M	—	as long as short
edgeX PENDLEUSDC	+0.0100%	4h	$26K	$415K	10x	as long as short
ApeX Omni PENDLEUSDT	+0.0100%	1h	$80K	$235K	50x	as long as short
SunX PENDLE-USDT	+0.0100%	8h	$1K	$1.4M	20x	as long as short
BloFin PENDLE-USDT	+0.0103%	8h	$1.5M	$851K	75x	as long as short
Extended PENDLE-USD	+0.0104%	1h	$175K	$520K	10x	as long as short
Aevo PENDLE-PERP	+0.0104%	1h	$28K	—	3x	as long as short
GMX PENDLE/USD [PENDLE-USDC]short	L +0.0200% / S −0.0269%	1h	$5K	—	100x
Backpack PENDLE_USDC_PERP	+0.0205%	1h	$376K	$446K	15x	as long as short
Coinbase International PENDLE-PERP-INTX	+0.0496%	1h	$85K	$368K	25x	as long as short
Kraken Futures PF_PENDLEUSD	+0.1846%	1h	$171K	$214K	20x	as long as short