PENDLE

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0078%/8h= −8.6% APRnext payment −$0.78 per $10,000 · paid last 24h −0.020%

Price spread now: Orderly against SunX−0.036%7-day average — · you buy dearer than you sell

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

Long on SunX Short on Orderly

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 against this trade now: funding costs −$2 a day on $10k at the current rate, and Orderly is 0.036% cheaper against SunX than usual: you would sell low and buy high (−$4 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX PENDLE-USDT	2.4926	0.0100	pay 0.0100% / 8h	1h 27m	$1K	$1.7M	20x
Short	Orderly PERP_PENDLE_USDC	2.4917	0.0022	get 0.0022% / 8h	1h 27m	$20K	$16K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly against SunX. 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 SunXbpFee OrderlybpOrdersPrice spread, now −0.036%Rate

Funding earned: −$16.42
Price spread: −0.036% → 0.000%: −$3.61
Slippage, 4 orders: no order book: not counted
Fee SunX: 4 bp × 2 orders: −$8
Fee Orderly: 3 bp × 2 orders: −$6
Net: −$34.03
Costs to cover: 0.140%
Break-even: never at this rate

Slippage unknown: SunX: live order book, 7 min ago; Orderly: 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 SunX live order book, 7 min ago	500.21 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell Orderly no order-book sample	—	—	—	—	—

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	−0.3656%	1h	2.4770	−0.626%	$2K	$53K	5.5x	as long as short
Deribit PENDLE_USDC-PERPETUAL	−0.0191%	1h	2.4928	+0.008%	$29K	$10K	10x	as long as short
ApeX Omni PENDLEUSDT	−0.0109%	1h	2.4948	+0.088%	$76K	$240K	50x	as long as short
BloFin PENDLE-USDT	−0.0006%	8h	2.4902	−0.096%	$1.3M	$736K	75x	as long as short
dYdX PENDLE-USD	0.0000%	1h	2.4974	+0.192%	$10K	—	5x	as long as short
Extended PENDLE-USD	+0.0008%	1h	2.4868	−0.231%	$164K	$526K	10x	as long as short
MEXC PENDLE_USDT	+0.0010%	8h	2.4875	−0.205%	$16.8M	$2.1M	125x	as long as short
Binance PENDLEUSDT	+0.0011%	8h	2.4887	−0.156%	$26.9M	$40.5M	75x	as long as short
Orderly PERP_PENDLE_USDCshort	+0.0022%	8h	2.4917	−0.036%	$20K	$16K	10x
Reya PENDLERUSDPERP	+0.0040%	1h	2.4949	+0.091%	$4K	—	15x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni PENDLE	+0.0062%	8h	2.4902	−0.097%	$550K	$2.0M	—	as long as short
Aevo PENDLE-PERP	+0.0080%	1h	2.4933	+0.029%	$26K	—	3x	as long as short
GRVT PENDLE_USDT_Perp	+0.0087%	8h	2.4900	−0.104%	$419K	$1.6M	10x	as long as short
Lighter PENDLE	+0.0096%	1h	2.4917	−0.036%	$524K	$423K	5x	as long as short
Paradex PENDLE-USD-PERP	+0.0100%	8h	2.4970	+0.178%	$35K	$20K	10x	as long as short
Hyperliquid PENDLE	+0.0100%	1h	2.4918	−0.032%	$12.3M	$5.9M	5x	as long as short
Aster PENDLEUSDT	+0.0100%	8h	2.4913	−0.054%	$43K	$173K	10x	as long as short
Bybit PENDLEUSDT	+0.0100%	8h	2.4870	−0.225%	$15.3M	$11.9M	50x	as long as short
OKX PENDLE-USDT-SWAP	+0.0100%	4h	2.4890	−0.144%	$3.2M	$5.8M	50x	as long as short
Gate PENDLE_USDT	+0.0100%	8h	2.4880	−0.185%	$780K	$1.2M	75x	as long as short
KuCoin PENDLEUSDTM	+0.0100%	8h	2.4920	−0.024%	$891K	$613K	50x	as long as short
Bitget PENDLEUSDT	+0.0100%	8h	2.4878	−0.193%	$3.7M	$2.7M	75x	as long as short
BingX PENDLE-USDT	+0.0100%	8h	2.4873	−0.213%	—	$36.2M	—	as long as short
edgeX PENDLEUSDC	+0.0100%	4h	2.4935	+0.036%	$25K	$412K	10x	as long as short
Polymarket Perps PENDLE-USD	+0.0100%	1h	2.4985	+0.237%	$16K	$20K	5x	as long as short
SunX PENDLE-USDTlong	+0.0100%	8h	2.4926	long leg	$1K	$1.7M	20x
GMX PENDLE/USD [PENDLE-USDC]	L +0.0199% / S −0.0256%	1h	2.4948	+0.086%	$5K	—	100x	as long as short
Coinbase International PENDLE-PERP-INTX	+0.0592%	1h	2.4970	+0.177%	$138K	$461K	25x	as long as short
Backpack PENDLE_USDC_PERP	+0.0679%	1h	2.4956	+0.120%	$354K	$473K	15x	as long as short
Kraken Futures PF_PENDLEUSD	+0.0756%	1h	2.4914	−0.047%	$124K	$300K	20x	as long as short