PENDLE

Alert

Funding spread now, next payment 18:00 UTC+0.0086%/8h

next payment, per $10,000+$0.11paid, last 24h+0.030%paid, last 3 days+0.198%to open and closeno order book

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Reya PENDLERUSDPERP	2.5565	0.0014	pay 0.0002% / 1h	52m 27s	$4K	—	15x
Short	ApeX Omni PENDLEUSDT	2.5513	0.0100	get 0.0013% / 1h	52m 27s	$78K	$238K	50x

Funding history

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Funding on every exchange

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Profit calculator

Position, each leg$Hold fordaysFee ReyabpFee ApeX OmnibpOrdersRate

Funding earned: $18.01
Slippage, 4 orders: no order book: not counted
Fee Reya: 3 bp × 2 orders: −$6
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: $2.01
Break-even: 6.2 days

Slippage unknown: Reya: no order-book sample; ApeX Omni: live order book, 50 min ago. Net counts fees only.

Price risk

price view

Price gap now: −0.203%
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 Reya no order-book sample	—	—	—	—	—
Sell ApeX Omni live order book, 50 min ago	6.34 bp	13.9 bp −$14	100.8 bp −$1,008	doesn't fit	doesn't fit

Reya: 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	−0.4277%	1h	$2K	$6K	5.5x	as long as short
Variational Omni PENDLE	−0.0255%	8h	$659K	$2.2M	—	as long as short
Aster PENDLEUSDT	−0.0021%	8h	$51K	$130K	10x	as long as short
Bybit PENDLEUSDT	−0.0017%	8h	$16.0M	$11.8M	50x	as long as short
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
Reya PENDLERUSDPERPlong	+0.0014%	1h	$4K	—	15x
Gate PENDLE_USDT	+0.0050%	8h	$818K	$1.1M	75x	as long as short
Orderly PERP_PENDLE_USDC	+0.0050%	8h	$20K	$4K	10x	as long as short
MEXC PENDLE_USDT	+0.0066%	8h	$16.9M	$2.1M	125x	as long as short

Show all 29 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Binance PENDLEUSDT	+0.0068%	8h	$28.0M	$34.4M	75x	as long as short
Extended PENDLE-USD	+0.0072%	1h	$168K	$520K	10x	as long as short
BloFin PENDLE-USDT	+0.0072%	8h	$1.4M	$848K	75x	as long as short
Lighter PENDLE	+0.0096%	1h	$559K	$356K	5x	as long as short
Aevo PENDLE-PERP	+0.0096%	1h	$27K	—	3x	as long as short
Paradex PENDLE-USD-PERP	+0.0100%	8h	$36K	$29K	10x	as long as short
Hyperliquid PENDLE	+0.0100%	1h	$12.2M	$5.2M	5x	as long as short
OKX PENDLE-USDT-SWAP	+0.0100%	4h	$3.3M	$5.1M	50x	as long as short
KuCoin PENDLEUSDTM	+0.0100%	8h	$936K	$559K	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	—	$34.2M	—	as long as short
edgeX PENDLEUSDC	+0.0100%	4h	$25K	$416K	10x	as long as short
ApeX Omni PENDLEUSDTshort	+0.0100%	1h	$78K	$238K	50x
Polymarket Perps PENDLE-USD	+0.0100%	1h	$16K	$30K	5x	as long as short
SunX PENDLE-USDT	+0.0100%	8h	$2K	$1.6M	20x	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	+0.0592%	1h	$112K	$423K	25x	as long as short
Backpack PENDLE_USDC_PERP	+0.0744%	1h	$377K	$454K	15x	as long as short
Kraken Futures PF_PENDLEUSD	+0.2118%	1h	$156K	$268K	20x	as long as short