PENDLE

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0143%/8h= +15.7% APRnext payment +$0.18 per $10,000 · paid last 24h +0.066%

Price spread now: GMX against Reya+0.010%55s7-day average — · you sell dearer than you buy

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

Long on Reya Short on GMX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

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

Together, before fees—+ Points / potential airdropReya: Active · farm boardneeds both histories

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: +$4 a day on $10k at the current rate. The two prices were read 55 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Reya PENDLERUSDPERP	2.4509	0.0079	pay 0.0010% / 1h	29m 58s	$3K	—	15x
Short	GMX PENDLE/USD [PENDLE-USDC]	2.4511	L +0.0196% / S −0.0222%	get 0.0028% / 1h	29m 58s	$5K	—	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX against Reya. 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 ReyabpFee GMXbpOrdersPrice spread, now +0.010%Rate

Funding earned: $30.04
Price spread: +0.010% → 0.000%: $0.99
Slippage, 4 orders: no order book: not counted
Fee Reya: 3 bp × 2 orders: −$6
Fee GMX: 6 bp × 2 orders: −$12
Net: $13.04
Costs to cover: 0.180%
Break-even: 4.0 days

Slippage unknown: Reya: no order-book sample; GMX: 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 Reya no order-book sample	—	—	—	—	—
Sell GMX no order-book sample	—	—	—	—	—

Reya 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 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	−0.4348%	1h	2.4250	−1.057%	$2K	$54K	5.5x	as long as short
Deribit PENDLE_USDC-PERPETUAL	−0.0076%	1h	2.4510	+0.004%	$25K	$16K	10x	as long as short
Orderly PERP_PENDLE_USDC	−0.0026%	8h	2.4503	−0.025%	$19K	$15K	10x	as long as short
dYdX PENDLE-USD	0.0000%	1h	2.4510	+0.004%	$10K	—	5x	as long as short
Gate PENDLE_USDT	+0.0016%	8h	2.4520	+0.045%	$755K	$1.0M	75x	as long as short
BloFin PENDLE-USDT	+0.0031%	8h	2.4496	−0.053%	$1.1M	$498K	75x	as long as short
MEXC PENDLE_USDT	+0.0044%	8h	2.4502	−0.029%	$17.5M	$2.0M	125x	as long as short
Binance PENDLEUSDT	+0.0044%	8h	2.4496	−0.053%	$25.9M	$45.2M	75x	as long as short
Extended PENDLE-USD	+0.0048%	1h	2.4496	−0.055%	$158K	$478K	10x	as long as short
Reya PENDLERUSDPERPlong	+0.0079%	1h	2.4509	long leg	$3K	—	15x

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter PENDLE	+0.0096%	1h	2.4513	+0.016%	$519K	$416K	5x	as long as short
Aevo PENDLE-PERP	+0.0096%	1h	2.4509	−0.001%	$26K	—	3x	as long as short
Paradex PENDLE-USD-PERP	+0.0100%	8h	2.4491	−0.073%	$34K	$7K	10x	as long as short
Hyperliquid PENDLE	+0.0100%	1h	2.4537	+0.114%	$12.7M	$6.1M	5x	as long as short
Aster PENDLEUSDT	+0.0100%	8h	2.4503	−0.025%	$47K	$170K	10x	as long as short
Bybit PENDLEUSDT	+0.0100%	8h	2.4480	−0.119%	$14.3M	$12.2M	50x	as long as short
OKX PENDLE-USDT-SWAP	+0.0100%	4h	2.4490	−0.078%	$3.1M	$6.6M	50x	as long as short
KuCoin PENDLEUSDTM	+0.0100%	8h	2.4515	+0.024%	$874K	$558K	50x	as long as short
Bitget PENDLEUSDT	+0.0100%	8h	2.4509	0.000%	$3.8M	$2.5M	75x	as long as short
BingX PENDLE-USDT	+0.0100%	8h	2.4503	−0.025%	—	$8.4M	—	as long as short
Variational Omni PENDLE	+0.0100%	8h	2.4486	−0.095%	$590K	$1.4M	—	as long as short
edgeX PENDLEUSDC	+0.0100%	4h	2.4487	−0.090%	$24K	$372K	10x	as long as short
GRVT PENDLE_USDT_Perp	+0.0100%	8h	2.4497	−0.051%	$412K	$2.3M	10x	as long as short
ApeX Omni PENDLEUSDT	+0.0100%	1h	2.4498	−0.045%	$75K	$233K	50x	as long as short
Polymarket Perps PENDLE-USD	+0.0100%	1h	2.4533	+0.098%	$16K	$7K	5x	as long as short
SunX PENDLE-USDT	+0.0100%	8h	2.4520	+0.045%	$2K	$1.8M	20x	as long as short
GMX PENDLE/USD [PENDLE-USDC]short	L +0.0196% / S −0.0222%	1h	2.4511	+0.010%	$5K	—	100x
Backpack PENDLE_USDC_PERP	+0.0543%	1h	2.4556	+0.192%	$351K	$434K	15x	as long as short
Coinbase International PENDLE-PERP-INTX	+0.0688%	1h	2.4540	+0.126%	$159K	$504K	25x	as long as short
Kraken Futures PF_PENDLEUSD	+0.1659%	1h	2.4569	+0.246%	$115K	$262K	20x	as long as short