PENDLE

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0100%/8h= −10.9% APRnext payment −$0.13 per $10,000 · paid last 24h −0.052%

Price spread now: dYdX against Hyperliquid−0.349%7-day average — · you buy dearer than you sell

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

Long on Hyperliquid 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—+ Points / potential airdropHyperliquid: Season 2 · farm boardneeds both histories

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and dYdX is 0.349% cheaper against Hyperliquid than usual: you would sell low and buy high (−$35 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	Hyperliquid PENDLE	2.4787	0.0100	pay 0.0013% / 1h	19m 30s	$12.8M	$6.1M	5x
Short	dYdX PENDLE-USD	2.4701	0	get 0.0000% / 1h	19m 30s	$10K	—	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

dYdX against Hyperliquid. 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 HyperliquidbpFee dYdXbpOrdersPrice spread, now −0.349%Rate

Funding earned: −$21
Price spread: −0.349% → 0.000%: −$34.88
Slippage, 4 orders: no order book: not counted
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Fee dYdX: 5 bp × 2 orders: −$10
Net: −$74.88
Costs to cover: 0.190%
Break-even: never at this rate

Slippage unknown: Hyperliquid: live order book, 3 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 Hyperliquid live order book, 3 min ago	1.83 bp	11.4 bp −$11	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	2.4200	−2.368%	$2K	$54K	5.5x	as long as short
Orderly PERP_PENDLE_USDC	−0.0035%	8h	2.4652	−0.545%	$19K	$15K	10x	as long as short
Gate PENDLE_USDT	−0.0016%	8h	2.4680	−0.432%	$725K	$1.1M	75x	as long as short
dYdX PENDLE-USDshort	0.0000%	1h	2.4701	−0.349%	$10K	—	5x
Deribit PENDLE_USDC-PERPETUAL	0.0000%	1h	2.4657	−0.524%	$24K	$15K	10x	as long as short
BloFin PENDLE-USDT	+0.0016%	8h	2.4497	−1.170%	$1.1M	$602K	75x	as long as short
MEXC PENDLE_USDT	+0.0030%	8h	2.4709	−0.315%	$17.6M	$2.0M	125x	as long as short
Extended PENDLE-USD	+0.0032%	1h	2.4707	−0.322%	$158K	$577K	10x	as long as short
Binance PENDLEUSDT	+0.0035%	8h	2.4738	−0.198%	$26.1M	$44.4M	75x	as long as short
Reya PENDLERUSDPERP	+0.0075%	1h	2.4757	−0.122%	$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	+0.0088%	1h	2.4646	−0.570%	$26K	—	3x	as long as short
Lighter PENDLE	+0.0096%	1h	2.4685	−0.412%	$520K	$416K	5x	as long as short
Paradex PENDLE-USD-PERP	+0.0100%	8h	2.4689	−0.395%	$35K	$9K	10x	as long as short
Hyperliquid PENDLElong	+0.0100%	1h	2.4787	long leg	$12.8M	$6.1M	5x
Aster PENDLEUSDT	+0.0100%	8h	2.4711	−0.305%	$47K	$171K	10x	as long as short
Bybit PENDLEUSDT	+0.0100%	8h	2.4734	−0.214%	$14.4M	$12.1M	50x	as long as short
OKX PENDLE-USDT-SWAP	+0.0100%	4h	2.4760	−0.109%	$3.2M	$6.5M	50x	as long as short
KuCoin PENDLEUSDTM	+0.0100%	8h	2.4722	−0.262%	$872K	$555K	50x	as long as short
Bitget PENDLEUSDT	+0.0100%	8h	2.4734	−0.214%	$3.7M	$2.3M	75x	as long as short
BingX PENDLE-USDT	+0.0100%	8h	2.4708	−0.319%	—	$8.4M	—	as long as short
Variational Omni PENDLE	+0.0100%	8h	2.4491	−1.195%	$551K	$1.4M	—	as long as short
edgeX PENDLEUSDC	+0.0100%	4h	2.4507	−1.128%	$24K	$373K	10x	as long as short
GRVT PENDLE_USDT_Perp	+0.0100%	8h	2.4500	−1.157%	$410K	$2.2M	10x	as long as short
ApeX Omni PENDLEUSDT	+0.0100%	1h	2.4490	−1.198%	$74K	$234K	50x	as long as short
Polymarket Perps PENDLE-USD	+0.0100%	1h	2.4777	−0.040%	$16K	$7K	5x	as long as short
SunX PENDLE-USDT	+0.0100%	8h	2.4585	−0.815%	$2K	$1.8M	20x	as long as short
GMX PENDLE/USD [PENDLE-USDC]	L +0.0196% / S −0.0222%	1h	2.4651	−0.548%	$5K	—	100x	as long as short
Coinbase International PENDLE-PERP-INTX	+0.0592%	1h	2.4690	−0.391%	$157K	$527K	25x	as long as short
Backpack PENDLE_USDC_PERP	+0.0774%	1h	2.4725	−0.250%	$358K	$401K	15x	as long as short
Kraken Futures PF_PENDLEUSD	+0.1180%	1h	2.4716	−0.287%	$116K	$262K	20x	as long as short