PENDLE

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.4547%/8h= +497.9% APRnext payment +$5.68 per $10,000 · paid last 24h +0.516%

Price spread now: Extended against Injective+1.355%60s7-day average — · you sell dearer than you buy

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

Long on Injective Short on Extended

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 airdropExtended: Active · farm boardneeds both histories

Both sides work for this trade now. Funding pays +$136 a day on $10k at the current rate, and Extended is 1.355% dearer against Injective than usual: you sell high and buy low: +$135 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 60 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	Injective PENDLE/USDC PERP	2.5030	−0.4643	get 0.0580% / 1h	8m 19s	$2K	$54K	5.5x
Short	Extended PENDLE-USD	2.5369	−0.0096	pay 0.0012% / 1h	8m 19s	$165K	$565K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended against Injective. 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 InjectivebpFee ExtendedbpOrdersPrice spread, now +1.355%Rate

Funding earned: $954.9
Price spread: +1.355% → 0.000%: $135.45
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee Extended: 2.5 bp × 2 orders: −$5
Net: $1,085.33
Costs to cover: 0.050%
Break-even: from the start

Slippage unknown: Injective: no order-book sample; Extended: live order book, 65 min ago. 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 Injective no order-book sample	—	—	—	—	—
Sell Extended live order book, 65 min ago	1.19 bp	14.9 bp −$15	93.7 bp −$937	doesn't fit	doesn't fit

Injective: 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 PERPlong	−0.4643%	1h	2.5030	long leg	$2K	$54K	5.5x
Deribit PENDLE_USDC-PERPETUAL	−0.0380%	1h	2.5383	+1.410%	$26K	$14K	10x	as long as short
Bybit PENDLEUSDT	−0.0193%	8h	2.5361	+1.322%	$15.6M	$12.0M	50x	as long as short
GRVT PENDLE_USDT_Perp	−0.0133%	8h	2.5346	+1.262%	$419K	$1.7M	10x	as long as short
MEXC PENDLE_USDT	−0.0097%	8h	2.5375	+1.378%	$17.2M	$1.9M	125x	as long as short
Binance PENDLEUSDT	−0.0096%	8h	2.5384	+1.414%	$27.4M	$42.9M	75x	as long as short
Extended PENDLE-USDshort	−0.0096%	1h	2.5369	+1.355%	$165K	$565K	10x
ApeX Omni PENDLEUSDT	−0.0081%	1h	2.5358	+1.310%	$77K	$237K	50x	as long as short
BloFin PENDLE-USDT	−0.0080%	8h	2.5430	+1.598%	$1.3M	$677K	75x	as long as short
Orderly PERP_PENDLE_USDC	−0.0025%	8h	2.5382	+1.406%	$20K	$16K	10x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni PENDLE	−0.0024%	8h	2.5356	+1.302%	$611K	$1.8M	—	as long as short
dYdX PENDLE-USD	0.0000%	1h	2.5397	+1.466%	$11K	—	5x	as long as short
Aster PENDLEUSDT	+0.0043%	8h	2.5407	+1.507%	$48K	$174K	10x	as long as short
Reya PENDLERUSDPERP	+0.0052%	1h	2.5374	+1.375%	$4K	—	15x	as long as short
Aevo PENDLE-PERP	+0.0056%	1h	2.5377	+1.388%	$27K	—	3x	as long as short
Lighter PENDLE	+0.0096%	1h	2.5396	+1.462%	$540K	$418K	5x	as long as short
Paradex PENDLE-USD-PERP	+0.0100%	8h	2.5344	+1.253%	$35K	$18K	10x	as long as short
OKX PENDLE-USDT-SWAP	+0.0100%	4h	2.5370	+1.358%	$3.2M	$6.1M	50x	as long as short
Gate PENDLE_USDT	+0.0100%	8h	2.5380	+1.398%	$791K	$1.2M	75x	as long as short
KuCoin PENDLEUSDTM	+0.0100%	8h	2.5407	+1.506%	$882K	$589K	50x	as long as short
Bitget PENDLEUSDT	+0.0100%	8h	2.5359	+1.314%	$3.9M	$2.5M	75x	as long as short
BingX PENDLE-USDT	+0.0100%	8h	2.5382	+1.406%	—	$35.6M	—	as long as short
edgeX PENDLEUSDC	+0.0100%	4h	2.5355	+1.298%	$25K	$380K	10x	as long as short
Polymarket Perps PENDLE-USD	+0.0100%	1h	2.5390	+1.438%	$16K	$20K	5x	as long as short
SunX PENDLE-USDT	+0.0100%	8h	2.5385	+1.418%	$2K	$1.8M	20x	as long as short
GMX PENDLE/USD [PENDLE-USDC]	L +0.0203% / S −0.0382%	1h	2.5401	+1.484%	$7K	—	100x	as long as short
Hyperliquid PENDLE	+0.0361%	1h	2.5435	+1.618%	$13.1M	$6.3M	5x	as long as short
Kraken Futures PF_PENDLEUSD	+0.0612%	1h	2.5441	+1.641%	$118K	$292K	20x	as long as short
Coinbase International PENDLE-PERP-INTX	+0.0728%	1h	2.5400	+1.478%	$144K	$464K	25x	as long as short
Backpack PENDLE_USDC_PERP	+0.0906%	1h	2.5471	+1.762%	$357K	$488K	15x	as long as short