PENDLE

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0592%/8h= −64.8% APRnext payment −$0.74 per $10,000 · paid last 24h −0.095%

Price spread now: dYdX against Coinbase International−0.362%7-day average — · you buy dearer than you sell

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

Long on Coinbase International Short on dYdX

What this pair did over the last

the charts below follow

Funding, last 6 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 −$18 a day on $10k at the current rate, and dYdX is 0.362% cheaper against Coinbase International than usual: you would sell low and buy high (−$36 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	Coinbase International PENDLE-PERP-INTX	2.4540	0.0592	pay 0.0074% / 1h	34m 39s	$155K	$522K	25x
Short	dYdX PENDLE-USD	2.4451	0	get 0.0000% / 1h	34m 39s	$10K	—	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

dYdX against Coinbase International. 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 Coinbase InternationalbpFee dYdXbpOrdersPrice spread, now −0.362%Rate

Funding earned: −$124.32
Price spread: −0.362% → 0.000%: −$36.23
Slippage, 4 orders: no order book: not counted
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee dYdX: 5 bp × 2 orders: −$10
Net: −$180.55
Costs to cover: 0.200%
Break-even: never at this rate

Slippage unknown: Coinbase International: live order book, 13 min ago; dYdX: 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 Coinbase International live order book, 13 min ago	12.23 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell dYdX no order-book sample	—	—	—	—	—

dYdX: 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	−0.3926%	1h	2.4150	−1.589%	$2K	$54K	5.5x	as long as short
Gate PENDLE_USDT	−0.0035%	8h	2.4480	−0.244%	$720K	$1.1M	75x	as long as short
Orderly PERP_PENDLE_USDC	−0.0035%	8h	2.4505	−0.143%	$19K	$15K	10x	as long as short
dYdX PENDLE-USDshort	0.0000%	1h	2.4451	−0.362%	$10K	—	5x
Deribit PENDLE_USDC-PERPETUAL	0.0000%	1h	2.4510	−0.122%	$24K	$15K	10x	as long as short
BloFin PENDLE-USDT	+0.0003%	8h	2.4494	−0.187%	$1.1M	$602K	75x	as long as short
MEXC PENDLE_USDT	+0.0005%	8h	2.4433	−0.436%	$17.3M	$2.0M	125x	as long as short
Binance PENDLEUSDT	+0.0005%	8h	2.4423	−0.476%	$25.8M	$44.3M	75x	as long as short
Extended PENDLE-USD	+0.0008%	1h	2.4446	−0.382%	$157K	$582K	10x	as long as short
Reya PENDLERUSDPERP	+0.0073%	1h	2.4506	−0.138%	$3K	—	15x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aevo PENDLE-PERP	+0.0080%	1h	2.4500	−0.161%	$26K	—	3x	as long as short
Lighter PENDLE	+0.0096%	1h	2.4448	−0.375%	$515K	$416K	5x	as long as short
Paradex PENDLE-USD-PERP	+0.0100%	8h	2.4430	−0.446%	$34K	$9K	10x	as long as short
Hyperliquid PENDLE	+0.0100%	1h	2.4482	−0.236%	$12.6M	$6.1M	5x	as long as short
Aster PENDLEUSDT	+0.0100%	8h	2.4441	−0.403%	$46K	$171K	10x	as long as short
Bybit PENDLEUSDT	+0.0100%	8h	2.4420	−0.489%	$14.3M	$12.1M	50x	as long as short
OKX PENDLE-USDT-SWAP	+0.0100%	4h	2.4440	−0.407%	$3.1M	$6.4M	50x	as long as short
KuCoin PENDLEUSDTM	+0.0100%	8h	2.4490	−0.204%	$861K	$553K	50x	as long as short
Bitget PENDLEUSDT	+0.0100%	8h	2.4467	−0.297%	$3.6M	$2.3M	75x	as long as short
BingX PENDLE-USDT	+0.0100%	8h	2.4505	−0.143%	—	$8.4M	—	as long as short
Variational Omni PENDLE	+0.0100%	8h	2.4431	−0.443%	$549K	$1.4M	—	as long as short
edgeX PENDLEUSDC	+0.0100%	4h	2.4422	−0.480%	$24K	$375K	10x	as long as short
GRVT PENDLE_USDT_Perp	+0.0100%	8h	2.4445	−0.387%	$411K	$2.1M	10x	as long as short
ApeX Omni PENDLEUSDT	+0.0100%	1h	2.4433	−0.436%	$74K	$234K	50x	as long as short
Polymarket Perps PENDLE-USD	+0.0100%	1h	2.4526	−0.057%	$16K	$7K	5x	as long as short
SunX PENDLE-USDT	+0.0100%	8h	2.4507	−0.134%	$1K	$1.8M	20x	as long as short
GMX PENDLE/USD [PENDLE-USDC]	L +0.0196% / S −0.0222%	1h	2.4503	−0.150%	$5K	—	100x	as long as short
Coinbase International PENDLE-PERP-INTXlong	+0.0592%	1h	2.4540	long leg	$155K	$522K	25x
Backpack PENDLE_USDC_PERP	+0.0683%	1h	2.4548	+0.033%	$356K	$402K	15x	as long as short
Kraken Futures PF_PENDLEUSD	+0.1188%	1h	2.4557	+0.069%	$115K	$263K	20x	as long as short