PENDLE

Alert

Funding spread now, next payment 19:00 UTC+0.0134%/8h

paid, last 24h+0.009%paid, last 3 days−0.121%to open and closeno order book

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni PENDLE	2.5496	−0.0113	get 0.0113% / 8h	5h 29m	$657K	$2.2M	—
Short	Reya PENDLERUSDPERP	2.5523	0.0021	get 0.0003% / 1h	29m 07s	$4K	—	15x

Funding history

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Funding on every exchange

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Profit calculator

Position, each leg$Hold fordaysFee Variational OmnibpFee ReyabpOrdersRate

Funding earned: $28.16
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Reya: 3 bp × 2 orders: −$6
Net: $22.16
Break-even: 1.5 days

Slippage unknown: Variational Omni: RFQ quote, 1 min ago; Reya: no order-book sample. Net counts fees only.

Price risk

price view

Price gap now: +0.106%
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 Variational Omni RFQ quote, 1 min ago	4.68 bp	doesn't fit	84.1 bp −$841	doesn't fit	doesn't fit
Sell Reya no order-book sample	—	—	—	—	—

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	−0.4421%	1h	$2K	$7K	5.5x	as long as short
Variational Omni PENDLElong	−0.0113%	8h	$657K	$2.2M	—
Aster PENDLEUSDT	−0.0016%	8h	$52K	$139K	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 PENDLERUSDPERPshort	+0.0021%	1h	$4K	—	15x
Orderly PERP_PENDLE_USDC	+0.0042%	8h	$20K	$4K	10x	as long as short
MEXC PENDLE_USDT	+0.0061%	8h	$17.1M	$2.1M	125x	as long as short
Binance PENDLEUSDT	+0.0062%	8h	$28.0M	$36.0M	75x	as long as short
Extended PENDLE-USD	+0.0064%	1h	$168K	$519K	10x	as long as short

Show all 29 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
BloFin PENDLE-USDT	+0.0076%	8h	$1.4M	$822K	75x	as long as short
Lighter PENDLE	+0.0096%	1h	$558K	$358K	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	$28K	10x	as long as short
Hyperliquid PENDLE	+0.0100%	1h	$12.3M	$5.4M	5x	as long as short
Bybit PENDLEUSDT	+0.0100%	8h	$15.9M	$11.9M	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	$820K	$1.0M	75x	as long as short
KuCoin PENDLEUSDTM	+0.0100%	8h	$935K	$603K	50x	as long as short
Bitget PENDLEUSDT	+0.0100%	8h	$3.9M	$2.6M	75x	as long as short
BingX PENDLE-USDT	+0.0100%	8h	—	$34.3M	—	as long as short
edgeX PENDLEUSDC	+0.0100%	4h	$25K	$417K	10x	as long as short
ApeX Omni PENDLEUSDT	+0.0100%	1h	$78K	$238K	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
Backpack PENDLE_USDC_PERP	+0.0619%	1h	$376K	$460K	15x	as long as short
Coinbase International PENDLE-PERP-INTX	+0.0624%	1h	$116K	$458K	25x	as long as short
Kraken Futures PF_PENDLEUSD	+0.1430%	1h	$159K	$252K	20x	as long as short