PENDLE

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0164%/8h= +18.0% APRnext payment +$1.64 per $10,000 · paid last 24h +0.008%

Price spread now: Paradex against Gate−0.048%45s7-day average — · you buy dearer than you sell

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

Long on Gate Short on Paradex

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropParadex: Active · farm boardneeds both histories

Funding pays, the price is against you. Paradex is 0.048% cheaper against Gate than usual: you would sell low and buy high (spread −0.048% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$5 on $10k: about 24 hours of funding at the current rate (+$5 a day). The two prices were read 45 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate PENDLE_USDT	2.4640	−0.0064	get 0.0064% / 8h	3h 52m	$716K	$1.1M	75x
Short	Paradex PENDLE-USD-PERP	2.4628	0.0100	get 0.0100% / 8h	3h 52m	$34K	$11K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paradex against Gate. 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 GatebpFee ParadexbpOrdersPrice spread, now −0.048%Rate

Funding earned: $34.44
Price spread: −0.048% → 0.000%: −$4.82
Slippage, 4 orders: no order book: not counted
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Paradex: 2 bp × 2 orders: −$4
Net: $10.62
Costs to cover: 0.190%
Break-even: 4.8 days

Slippage unknown: Gate: live order book, 4 min ago; Paradex: 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 Gate live order book, 4 min ago	4.07 bp	18.3 bp −$18	138.2 bp −$1,382	doesn't fit	doesn't fit
Sell Paradex no order-book sample	—	—	—	—	—

Paradex: 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	−0.4243%	1h	2.4370	−1.096%	$2K	$54K	5.5x	as long as short
ApeX Omni PENDLEUSDT	−0.0423%	1h	2.4629	−0.045%	$75K	$235K	50x	as long as short
Deribit PENDLE_USDC-PERPETUAL	−0.0236%	1h	2.4675	+0.142%	$25K	$14K	10x	as long as short
BloFin PENDLE-USDT	−0.0083%	8h	2.4651	+0.045%	$1.1M	$596K	75x	as long as short
Extended PENDLE-USD	−0.0064%	1h	2.4642	+0.007%	$159K	$578K	10x	as long as short
Gate PENDLE_USDTlong	−0.0064%	8h	2.4640	long leg	$716K	$1.1M	75x
Binance PENDLEUSDT	−0.0061%	8h	2.4649	+0.035%	$26.1M	$43.6M	75x	as long as short
MEXC PENDLE_USDT	−0.0060%	8h	2.4646	+0.024%	$17.4M	$1.9M	125x	as long as short
Aster PENDLEUSDT	−0.0050%	8h	2.4685	+0.183%	$47K	$171K	10x	as long as short
Orderly PERP_PENDLE_USDC	−0.0041%	8h	2.4663	+0.093%	$19K	$15K	10x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
dYdX PENDLE-USD	0.0000%	1h	2.4665	+0.102%	$10K	—	5x	as long as short
GRVT PENDLE_USDT_Perp	+0.0054%	8h	2.4595	−0.184%	$408K	$1.9M	10x	as long as short
Aevo PENDLE-PERP	+0.0064%	1h	2.4668	+0.114%	$26K	—	3x	as long as short
Reya PENDLERUSDPERP	+0.0067%	1h	2.4639	−0.003%	$3K	—	15x	as long as short
Variational Omni PENDLE	+0.0070%	8h	2.4586	−0.220%	$552K	$1.4M	—	as long as short
Lighter PENDLE	+0.0096%	1h	2.4665	+0.101%	$517K	$428K	5x	as long as short
Paradex PENDLE-USD-PERPshort	+0.0100%	8h	2.4628	−0.048%	$34K	$11K	10x
Bybit PENDLEUSDT	+0.0100%	8h	2.4630	−0.041%	$14.5M	$11.9M	50x	as long as short
OKX PENDLE-USDT-SWAP	+0.0100%	4h	2.4670	+0.122%	$3.1M	$6.3M	50x	as long as short
KuCoin PENDLEUSDTM	+0.0100%	8h	2.4682	+0.170%	$886K	$550K	50x	as long as short
Bitget PENDLEUSDT	+0.0100%	8h	2.4631	−0.037%	$3.7M	$2.2M	75x	as long as short
BingX PENDLE-USDT	+0.0100%	8h	2.4649	+0.037%	—	$8.5M	—	as long as short
edgeX PENDLEUSDC	+0.0100%	4h	2.4627	−0.054%	$24K	$376K	10x	as long as short
Polymarket Perps PENDLE-USD	+0.0100%	1h	2.4664	+0.097%	$16K	$7K	5x	as long as short
SunX PENDLE-USDT	+0.0100%	8h	2.4655	+0.061%	$1K	$1.8M	20x	as long as short
Hyperliquid PENDLE	+0.0182%	1h	2.4692	+0.211%	$12.8M	$6.0M	5x	as long as short
GMX PENDLE/USD [PENDLE-USDC]	L +0.0196% / S −0.0222%	1h	2.4648	+0.031%	$5K	—	100x	as long as short
Backpack PENDLE_USDC_PERP	+0.0481%	1h	2.4706	+0.268%	$359K	$399K	15x	as long as short
Coinbase International PENDLE-PERP-INTX	+0.0640%	1h	2.4660	+0.081%	$147K	$496K	25x	as long as short
Kraken Futures PF_PENDLEUSD	+0.1177%	1h	2.4726	+0.349%	$115K	$268K	20x	as long as short