PENDLE

Alert

Funding spread now, next payment 18:00 UTC+0.0030%/8h

paid, last 24h+0.040%paid, last 3 days+0.274%to open and closeno order book

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Reya PENDLERUSDPERP	2.5428	0.0018	pay 0.0002% / 1h	2m 52s	$4K	—	15x
Short	MEXC PENDLE_USDT	2.5463	0.0048	get 0.0048% / 8h	6h 02m	$16.9M	$2.2M	125x

Funding history

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Funding on every exchange

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Profit calculator

Position, each leg$Hold fordaysFee ReyabpFee MEXCbpOrdersRate

Funding earned: $6.26
Slippage, 4 orders: no order book: not counted
Fee Reya: 3 bp × 2 orders: −$6
Fee MEXC: 2 bp × 2 orders: −$4
Net: −$3.74
Break-even: 11.2 days

Slippage unknown: Reya: no order-book sample; MEXC: live order book, 2 min ago. Net counts fees only.

Price risk

price view

Price gap now: +0.137%
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 MEXC live order book, 2 min ago	2.16 bp	8.6 bp −$9	34.0 bp −$340	90.5 bp −$9,047	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	$7K	5.5x	as long as short
Variational Omni PENDLE	−0.0166%	8h	$659K	$2.3M	—	as long as short
Aster PENDLEUSDT	−0.0038%	8h	$51K	$137K	10x	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	+0.0018%	1h	$4K	—	15x
BloFin PENDLE-USDT	+0.0031%	8h	$1.4M	$812K	75x	as long as short
Orderly PERP_PENDLE_USDC	+0.0044%	8h	$20K	$4K	10x	as long as short
Extended PENDLE-USD	+0.0048%	1h	$167K	$516K	10x	as long as short
MEXC PENDLE_USDTshort	+0.0048%	8h	$16.9M	$2.2M	125x

Show all 29 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Binance PENDLEUSDT	+0.0049%	8h	$27.9M	$35.9M	75x	as long as short
Lighter PENDLE	+0.0096%	1h	$556K	$364K	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	$5.3M	5x	as long as short
Bybit PENDLEUSDT	+0.0100%	8h	$15.9M	$12.0M	50x	as long as short
OKX PENDLE-USDT-SWAP	+0.0100%	4h	$3.3M	$5.3M	50x	as long as short
Gate PENDLE_USDT	+0.0100%	8h	$821K	$1.1M	75x	as long as short
KuCoin PENDLEUSDTM	+0.0100%	8h	$937K	$602K	50x	as long as short
Bitget PENDLEUSDT	+0.0100%	8h	$3.9M	$2.7M	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 PENDLEUSDT	+0.0100%	1h	$77K	$237K	50x	as long as short
Polymarket Perps PENDLE-USD	+0.0100%	1h	$16K	$30K	5x	as long as short
SunX PENDLE-USDT	+0.0100%	8h	$1K	$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	$117K	$460K	25x	as long as short
Backpack PENDLE_USDC_PERP	+0.0690%	1h	$375K	$461K	15x	as long as short
Kraken Futures PF_PENDLEUSD	+0.2131%	1h	$156K	$283K	20x	as long as short