PENDLE

Alert: funding

Alert: spread

Funding you earn now, next payment 16:00 UTC−0.0113%/8h= −12.4% APRnext payment −$1.13 per $10,000 · paid last 24h −0.027%

Price spread now: Orderly against KuCoin+0.037%7-day average — · you sell dearer than you buy

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

Long on KuCoin Short on Orderly

What this pair did over the last

the charts below follow

Funding, last 5 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. Orderly is 0.037% dearer against KuCoin than usual: you sell high and buy low (spread +0.037% now, against zero (this spread has no 7-day history yet)): +$4 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 26 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin PENDLEUSDTM	2.4271	0.0100	pay 0.0100% / 8h	7h 24m	$684K	$600K	50x
Short	Orderly PERP_PENDLE_USDC	2.4280	−0.0013	pay 0.0013% / 8h	7h 24m	$18K	$15K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly against KuCoin. 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 KuCoinbpFee OrderlybpOrdersPrice spread, now +0.037%Rate

Funding earned: −$23.69
Price spread: +0.037% → 0.000%: $3.71
Slippage, 4 orders: no order book: not counted
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Orderly: 3 bp × 2 orders: −$6
Net: −$37.98
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: KuCoin: live order book, 50 min ago; Orderly: 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 KuCoin live order book, 50 min ago	7.41 bp	24.7 bp −$25	133.0 bp −$1,330	doesn't fit	doesn't fit
Sell Orderly no order-book sample	—	—	—	—	—

Orderly: 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	−0.3627%	1h	2.3970	−1.240%	$2K	$55K	5.5x	as long as short
GRVT PENDLE_USDT_Perp	−0.0716%	8h	2.4181	−0.373%	$399K	$2.7M	10x	as long as short
Gate PENDLE_USDT	−0.0136%	8h	2.4270	−0.004%	$769K	$992K	75x	as long as short
MEXC PENDLE_USDT	−0.0100%	8h	2.4271	0.000%	$18.0M	$2.1M	125x	as long as short
Binance PENDLEUSDT	−0.0099%	8h	2.4278	+0.027%	$25.4M	$46.3M	75x	as long as short
Extended PENDLE-USD	−0.0096%	1h	2.4281	+0.042%	$161K	$934K	10x	as long as short
BloFin PENDLE-USDT	−0.0093%	8h	2.4174	−0.400%	$1.1M	$505K	75x	as long as short
ApeX Omni PENDLEUSDT	−0.0064%	1h	2.4177	−0.387%	$74K	$231K	50x	as long as short
Orderly PERP_PENDLE_USDCshort	−0.0013%	8h	2.4280	+0.037%	$18K	$15K	10x
dYdX PENDLE-USD	0.0000%	1h	2.4208	−0.261%	$10K	—	5x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Deribit PENDLE_USDC-PERPETUAL	0.0000%	1h	2.4291	+0.082%	$25K	$14K	10x	as long as short
Aster PENDLEUSDT	+0.0011%	8h	2.4258	−0.053%	$47K	$171K	10x	as long as short
Aevo PENDLE-PERP	+0.0056%	1h	2.4283	+0.049%	$25K	—	3x	as long as short
Reya PENDLERUSDPERP	+0.0089%	1h	2.4283	+0.050%	$3K	—	15x	as long as short
Lighter PENDLE	+0.0096%	1h	2.4285	+0.058%	$524K	$430K	5x	as long as short
Paradex PENDLE-USD-PERP	+0.0100%	8h	2.4170	−0.416%	$34K	$3K	10x	as long as short
Hyperliquid PENDLE	+0.0100%	1h	2.4298	+0.111%	$12.7M	$6.0M	5x	as long as short
Bybit PENDLEUSDT	+0.0100%	8h	2.4263	−0.033%	$14.1M	$11.9M	50x	as long as short
OKX PENDLE-USDT-SWAP	+0.0100%	4h	2.4300	+0.119%	$3.1M	$6.7M	50x	as long as short
KuCoin PENDLEUSDTMlong	+0.0100%	8h	2.4271	long leg	$684K	$600K	50x
Bitget PENDLEUSDT	+0.0100%	8h	2.4287	+0.066%	$3.8M	$2.4M	75x	as long as short
BingX PENDLE-USDT	+0.0100%	8h	2.4281	+0.041%	—	$8.3M	—	as long as short
Variational Omni PENDLE	+0.0100%	8h	2.4110	−0.662%	$562K	$1.2M	—	as long as short
edgeX PENDLEUSDC	+0.0100%	4h	2.4158	−0.465%	$22K	$369K	10x	as long as short
Polymarket Perps PENDLE-USD	+0.0100%	1h	2.4285	+0.058%	$16K	$4K	5x	as long as short
SunX PENDLE-USDT	+0.0100%	8h	2.4314	+0.177%	$2K	$1.8M	20x	as long as short
GMX PENDLE/USD [PENDLE-USDC]	L +0.0151% / S −0.0168%	1h	2.4288	+0.069%	$5K	—	100x	as long as short
Coinbase International PENDLE-PERP-INTX	+0.0664%	1h	2.4310	+0.161%	$168K	$524K	25x	as long as short
Backpack PENDLE_USDC_PERP	+0.0683%	1h	2.4228	−0.177%	$357K	$431K	15x	as long as short
Kraken Futures PF_PENDLEUSD	+0.1279%	1h	2.4267	−0.016%	$114K	$255K	20x	as long as short