PENDLE

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0066%/8h= +7.2% APRnext payment +$0.08 per $10,000 · paid last 24h +0.019%

Price spread now: dYdX against Deribit+0.142%7-day average — · you sell dearer than you buy

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

Long on Deribit Short on dYdX

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 for this trade now. Funding pays +$2 a day on $10k at the current rate, and dYdX is 0.142% dearer against Deribit than usual: you sell high and buy low: +$14 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit PENDLE_USDC-PERPETUAL	2.5331	−0.0066	get 0.0008% / 1h	36m 25s	$26K	$14K	10x
Short	dYdX PENDLE-USD	2.5367	0	get 0.0000% / 1h	36m 25s	$11K	—	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

dYdX against Deribit. 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 DeribitbpFee dYdXbpOrdersPrice spread, now +0.142%Rate

Funding earned: $13.8
Price spread: +0.142% → 0.000%: $14.19
Slippage, 4 orders: no order book: not counted
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee dYdX: 5 bp × 2 orders: −$10
Net: $10.99
Costs to cover: 0.170%
Break-even: 1.4 days

Slippage unknown: Deribit: no order-book sample; 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 Deribit no order-book sample	—	—	—	—	—
Sell dYdX no order-book sample	—	—	—	—	—

Deribit and 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	−0.4643%	1h	2.4970	−1.425%	$2K	$54K	5.5x	as long as short
BloFin PENDLE-USDT	−0.0106%	8h	2.5327	−0.016%	$1.3M	$706K	75x	as long as short
Extended PENDLE-USD	−0.0080%	1h	2.5294	−0.146%	$165K	$696K	10x	as long as short
MEXC PENDLE_USDT	−0.0078%	8h	2.5309	−0.087%	$17.1M	$1.9M	125x	as long as short
Binance PENDLEUSDT	−0.0078%	8h	2.5325	−0.024%	$27.4M	$42.8M	75x	as long as short
Deribit PENDLE_USDC-PERPETUALlong	−0.0066%	1h	2.5331	long leg	$26K	$14K	10x
ApeX Omni PENDLEUSDT	−0.0057%	1h	2.5356	+0.099%	$77K	$238K	50x	as long as short
GRVT PENDLE_USDT_Perp	−0.0045%	8h	2.5333	+0.009%	$428K	$1.6M	10x	as long as short
Orderly PERP_PENDLE_USDC	−0.0016%	8h	2.5317	−0.055%	$20K	$16K	10x	as long as short
dYdX PENDLE-USDshort	0.0000%	1h	2.5367	+0.142%	$11K	—	5x

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni PENDLE	+0.0013%	8h	2.5266	−0.256%	$610K	$1.9M	—	as long as short
Gate PENDLE_USDT	+0.0014%	8h	2.5320	−0.043%	$782K	$1.2M	75x	as long as short
Reya PENDLERUSDPERP	+0.0049%	1h	2.5309	−0.086%	$4K	—	15x	as long as short
Aevo PENDLE-PERP	+0.0064%	1h	2.5314	−0.069%	$26K	—	3x	as long as short
Aster PENDLEUSDT	+0.0082%	8h	2.5341	+0.039%	$47K	$178K	10x	as long as short
Lighter PENDLE	+0.0096%	1h	2.5326	−0.020%	$536K	$413K	5x	as long as short
Paradex PENDLE-USD-PERP	+0.0100%	8h	2.5303	−0.111%	$35K	$18K	10x	as long as short
Bybit PENDLEUSDT	+0.0100%	8h	2.5310	−0.083%	$15.6M	$12.1M	50x	as long as short
OKX PENDLE-USDT-SWAP	+0.0100%	4h	2.5310	−0.083%	$3.3M	$6.1M	50x	as long as short
KuCoin PENDLEUSDTM	+0.0100%	8h	2.5343	+0.047%	$891K	$594K	50x	as long as short
Bitget PENDLEUSDT	+0.0100%	8h	2.5303	−0.111%	$3.8M	$2.4M	75x	as long as short
BingX PENDLE-USDT	+0.0100%	8h	2.5318	−0.051%	—	$35.7M	—	as long as short
edgeX PENDLEUSDC	+0.0100%	4h	2.5331	−0.001%	$25K	$381K	10x	as long as short
Polymarket Perps PENDLE-USD	+0.0100%	1h	2.5324	−0.028%	$16K	$20K	5x	as long as short
SunX PENDLE-USDT	+0.0100%	8h	2.5332	+0.004%	$1K	$1.8M	20x	as long as short
GMX PENDLE/USD [PENDLE-USDC]	L +0.0203% / S −0.0382%	1h	2.5324	−0.028%	$7K	—	100x	as long as short
Hyperliquid PENDLE	+0.0241%	1h	2.5372	+0.161%	$12.9M	$6.3M	5x	as long as short
Kraken Futures PF_PENDLEUSD	+0.0613%	1h	2.5397	+0.262%	$118K	$294K	20x	as long as short
Coinbase International PENDLE-PERP-INTX	+0.0728%	1h	2.5400	+0.272%	$141K	$443K	25x	as long as short
Backpack PENDLE_USDC_PERP	+0.0899%	1h	2.5389	+0.229%	$334K	$488K	15x	as long as short