Funding you earn now, next payment 10:00 UTC−0.0151%/8h= −16.5% APRnext payment −$0.19 per $10,000 · paid last 24h −0.058%
Price spread now: dYdX against GMX+0.075%79s7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
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—needs both histories
The price spread pays, funding is against you. dYdX is 0.075% dearer against GMX than usual: you sell high and buy low (spread +0.075% now, against zero (this spread has no 7-day history yet)): +$8 on $10k if it goes back. Holding the pair costs −$5 a day in funding at the current rate, which eats that in about 40 hours. The two prices were read 79 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 | GMX PENDLE/USD [PENDLE-USDC] | 2.4417 | L +0.0151% / S −0.0168% | pay 0.0019% / 1h | 53m 29s | $5K | — | 100x |
| Short | dYdX PENDLE-USD | 2.4435 | 0 | get 0.0000% / 1h | 53m 29s | $10K | — | 5x |
GMX PENDLE/USD [PENDLE-USDC]
dYdX PENDLE-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
dYdX against GMX. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$31.62
- Price spread: +0.075% → 0.000%
- $7.51
- Slippage, 4 orders
- no order book: not counted
- Fee GMX: 6 bp × 2 orders
- −$12
- Fee dYdX: 5 bp × 2 orders
- −$10
- Net
- −$46.11
- Costs to cover
- 0.220%
- Break-even
- never at this rate
Slippage unknown: GMX: 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 GMX no order-book sample | — | — | — | — | — |
| Sell dYdX no order-book sample | — | — | — | — | — |
GMX 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 | −0.5000% | 1h | 2.3930 | −1.994% | $2K | $55K | 5.5x | as long as short |
| ApeX Omni PENDLEUSDT | −0.1140% | 1h | 2.4489 | +0.296% | $74K | $230K | 50x | as long as short |
| BloFin PENDLE-USDT | −0.0093% | 8h | 2.4470 | +0.218% | $1.1M | $518K | 75x | as long as short |
| Extended PENDLE-USD | −0.0080% | 1h | 2.4446 | +0.119% | $163K | $938K | 10x | as long as short |
| Kraken Futures PF_PENDLEUSD | −0.0077% | 1h | 2.4412 | −0.018% | $115K | $252K | 20x | as long as short |
| Binance PENDLEUSDT | −0.0076% | 8h | 2.4410 | −0.028% | $25.5M | $47.2M | 75x | as long as short |
| MEXC PENDLE_USDT | −0.0076% | 8h | 2.4409 | −0.032% | $18.6M | $2.1M | 125x | as long as short |
| GRVT PENDLE_USDT_Perp | −0.0051% | 8h | 2.4560 | +0.587% | $414K | $2.8M | 10x | as long as short |
| Orderly PERP_PENDLE_USDC | −0.0002% | 8h | 2.4404 | −0.052% | $18K | $15K | 10x | as long as short |
| dYdX PENDLE-USDshort | 0.0000% | 1h | 2.4435 | +0.075% | $10K | — | 5x |
Injective PENDLE/USDC PERP
ApeX Omni PENDLEUSDT
BloFin PENDLE-USDT
Extended PENDLE-USD
Kraken Futures PF_PENDLEUSD
Binance PENDLEUSDT
MEXC PENDLE_USDT
GRVT PENDLE_USDT_Perp
Orderly PERP_PENDLE_USDCShow all 30 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Deribit PENDLE_USDC-PERPETUAL | 0.0000% | 1h | 2.4438 | +0.087% | $25K | $13K | 10x | as long as short |
| Aster PENDLEUSDT | +0.0026% | 8h | 2.4424 | +0.031% | $49K | $177K | 10x | as long as short |
| Aevo PENDLE-PERP | +0.0064% | 1h | 2.4456 | +0.159% | $26K | — | 3x | as long as short |
| Bybit PENDLEUSDT | +0.0080% | 8h | 2.4390 | −0.110% | $14.2M | $11.9M | 50x | as long as short |
| Variational Omni PENDLE | +0.0086% | 8h | 2.4555 | +0.567% | $585K | $1.2M | — | as long as short |
| Reya PENDLERUSDPERP | +0.0091% | 1h | 2.4419 | +0.010% | $3K | — | 15x | as long as short |
| Lighter PENDLE | +0.0096% | 1h | 2.4452 | +0.144% | $528K | $376K | 5x | as long as short |
| Paradex PENDLE-USD-PERP | +0.0100% | 8h | 2.4451 | +0.138% | $34K | $1K | 10x | as long as short |
| OKX PENDLE-USDT-SWAP | +0.0100% | 4h | 2.4410 | −0.028% | $3.1M | $6.8M | 50x | as long as short |
| Gate PENDLE_USDT | +0.0100% | 8h | 2.4450 | +0.136% | $774K | $957K | 75x | as long as short |
| KuCoin PENDLEUSDTM | +0.0100% | 8h | 2.4461 | +0.181% | $680K | $598K | 50x | as long as short |
| Bitget PENDLEUSDT | +0.0100% | 8h | 2.4404 | −0.052% | $3.8M | $2.5M | 75x | as long as short |
| BingX PENDLE-USDT | +0.0100% | 8h | 2.4411 | −0.024% | — | $8.3M | — | as long as short |
| edgeX PENDLEUSDC | +0.0100% | 4h | 2.4483 | +0.273% | $23K | $369K | 10x | as long as short |
| Polymarket Perps PENDLE-USD | +0.0100% | 1h | 2.4420 | +0.013% | $16K | $4K | 5x | as long as short |
| SunX PENDLE-USDT | +0.0100% | 8h | 2.4449 | +0.132% | $2K | $1.8M | 20x | as long as short |
| GMX PENDLE/USD [PENDLE-USDC]long | L +0.0151% / S −0.0168% | 1h | 2.4417 | long leg | $5K | — | 100x | |
| Hyperliquid PENDLE | +0.0433% | 1h | 2.4459 | +0.173% | $13.0M | $6.1M | 5x | as long as short |
| Backpack PENDLE_USDC_PERP | +0.0583% | 1h | 2.4492 | +0.308% | $364K | $433K | 15x | as long as short |
| Coinbase International PENDLE-PERP-INTX | +0.0728% | 1h | 2.4450 | +0.136% | $168K | $538K | 25x | as long as short |
Deribit PENDLE_USDC-PERPETUAL
Aster PENDLEUSDT
Aevo PENDLE-PERP
Bybit PENDLEUSDT
Variational Omni PENDLE
Reya PENDLERUSDPERP
Lighter PENDLE
Paradex PENDLE-USD-PERP
OKX PENDLE-USDT-SWAP
Gate PENDLE_USDT
KuCoin PENDLEUSDTM
Bitget PENDLEUSDT
BingX PENDLE-USDT
edgeX PENDLEUSDC
Polymarket Perps PENDLE-USD
SunX PENDLE-USDT
Hyperliquid PENDLE
Backpack PENDLE_USDC_PERP
Coinbase International PENDLE-PERP-INTX