PENDLE

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.1656%/8h= −181.4% APRnext payment −$2.07 per $10,000 · paid last 24h −0.313%

Price spread now: dYdX against Kraken Futures−0.243%7-day average — · you buy dearer than you sell

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

Long on Kraken Futures 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—needs both histories

Both sides work against this trade now: funding costs −$50 a day on $10k at the current rate, and dYdX is 0.243% cheaper against Kraken Futures than usual: you would sell low and buy high (−$24 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	Kraken Futures PF_PENDLEUSD	2.4609	0.1656	pay 0.0207% / 1h	49m 24s	$116K	$262K	20x
Short	dYdX PENDLE-USD	2.4550	0	get 0.0000% / 1h	49m 24s	$10K	—	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

dYdX against Kraken Futures. 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 Kraken FuturesbpFee dYdXbpOrdersPrice spread, now −0.243%Rate

Funding earned: −$347.81
Price spread: −0.243% → 0.000%: −$24.32
Slippage, 4 orders: no order book: not counted
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee dYdX: 5 bp × 2 orders: −$10
Net: −$392.13
Costs to cover: 0.200%
Break-even: never at this rate

Slippage unknown: Kraken Futures: live order book, 58 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 Kraken Futures live order book, 58 min ago	12.26 bp	77.2 bp −$77	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	−0.4348%	1h	2.4250	−1.461%	$2K	$54K	5.5x	as long as short
Orderly PERP_PENDLE_USDC	−0.0033%	8h	2.4505	−0.424%	$19K	$15K	10x	as long as short
dYdX PENDLE-USDshort	0.0000%	1h	2.4550	−0.243%	$10K	—	5x
Deribit PENDLE_USDC-PERPETUAL	0.0000%	1h	2.4565	−0.181%	$25K	$16K	10x	as long as short
Gate PENDLE_USDT	+0.0006%	8h	2.4540	−0.282%	$750K	$1.0M	75x	as long as short
BloFin PENDLE-USDT	+0.0024%	8h	2.4523	−0.351%	$1.1M	$499K	75x	as long as short
MEXC PENDLE_USDT	+0.0031%	8h	2.4494	−0.469%	$17.5M	$2.0M	125x	as long as short
Extended PENDLE-USD	+0.0032%	1h	2.4495	−0.463%	$160K	$575K	10x	as long as short
Binance PENDLEUSDT	+0.0033%	8h	2.4500	−0.445%	$25.8M	$45.0M	75x	as long as short
ApeX Omni PENDLEUSDT	+0.0040%	1h	2.4504	−0.428%	$75K	$232K	50x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Reya PENDLERUSDPERP	+0.0077%	1h	2.4508	−0.414%	$3K	—	15x	as long as short
Aevo PENDLE-PERP	+0.0088%	1h	2.4503	−0.431%	$26K	—	3x	as long as short
Lighter PENDLE	+0.0096%	1h	2.4511	−0.400%	$519K	$415K	5x	as long as short
Paradex PENDLE-USD-PERP	+0.0100%	8h	2.4508	−0.411%	$34K	$7K	10x	as long as short
Hyperliquid PENDLE	+0.0100%	1h	2.4552	−0.233%	$12.8M	$6.1M	5x	as long as short
Aster PENDLEUSDT	+0.0100%	8h	2.4519	−0.368%	$47K	$170K	10x	as long as short
Bybit PENDLEUSDT	+0.0100%	8h	2.4493	−0.473%	$14.3M	$12.3M	50x	as long as short
OKX PENDLE-USDT-SWAP	+0.0100%	4h	2.4520	−0.363%	$3.1M	$6.6M	50x	as long as short
KuCoin PENDLEUSDTM	+0.0100%	8h	2.4529	−0.327%	$878K	$559K	50x	as long as short
Bitget PENDLEUSDT	+0.0100%	8h	2.4520	−0.363%	$3.8M	$2.4M	75x	as long as short
BingX PENDLE-USDT	+0.0100%	8h	2.4522	−0.355%	—	$8.4M	—	as long as short
Variational Omni PENDLE	+0.0100%	8h	2.4506	−0.420%	$565K	$1.4M	—	as long as short
edgeX PENDLEUSDC	+0.0100%	4h	2.4486	−0.501%	$24K	$371K	10x	as long as short
GRVT PENDLE_USDT_Perp	+0.0100%	8h	2.4512	−0.397%	$416K	$2.3M	10x	as long as short
Polymarket Perps PENDLE-USD	+0.0100%	1h	2.4528	−0.331%	$16K	$7K	5x	as long as short
SunX PENDLE-USDT	+0.0100%	8h	2.4565	−0.181%	$2K	$1.8M	20x	as long as short
GMX PENDLE/USD [PENDLE-USDC]	L +0.0196% / S −0.0222%	1h	2.4514	−0.389%	$5K	—	100x	as long as short
Coinbase International PENDLE-PERP-INTX	+0.0688%	1h	2.4580	−0.120%	$161K	$529K	25x	as long as short
Backpack PENDLE_USDC_PERP	+0.0715%	1h	2.4601	−0.034%	$349K	$434K	15x	as long as short
Kraken Futures PF_PENDLEUSDlong	+0.1656%	1h	2.4609	long leg	$116K	$262K	20x