Funding you earn now, next payment 00:00 UTC+0.0067%/8h= +7.4% APRnext payment +$0.67 per $10,000 · paid last 24h +0.020%
Price spread now: Paradex against Orderly−0.011%7-day average — · you buy dearer than you sell
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
=The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: +$2 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Orderly PERP_PENDLE_USDC | 2.5048 | 0.0033 | pay 0.0033% / 8h | 2h 05m | $25K | $11K | 10x |
| Short | Paradex PENDLE-USD-PERP | 2.5045 | 0.0100 | get 0.0100% / 8h | 2h 05m | $35K | $22K | 10x |
Orderly PERP_PENDLE_USDC
Paradex PENDLE-USD-PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Paradex against Orderly. 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
- $14.1
- Price spread: −0.011% → 0.000%
- −$1.11
- Slippage, 4 orders
- no order book: not counted
- Fee Orderly: 3 bp × 2 orders
- −$6
- Fee Paradex: 2 bp × 2 orders
- −$4
- Net
- $2.99
- Costs to cover
- 0.100%
- Break-even
- 5.5 days
Slippage unknown: Orderly: no order-book sample; Paradex: 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 Orderly no order-book sample | — | — | — | — | — |
| Sell Paradex no order-book sample | — | — | — | — | — |
Orderly and Paradex: 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 | −0.4806% | 1h | 2.4840 | −0.830% | $2K | $53K | 5.5x | as long as short |
| Kraken Futures PF_PENDLEUSD | −0.0432% | 1h | 2.5039 | −0.035% | $149K | $275K | 20x | as long as short |
| Deribit PENDLE_USDC-PERPETUAL | −0.0309% | 1h | 2.5048 | 0.000% | $30K | $10K | 10x | as long as short |
| dYdX PENDLE-USD | 0.0000% | 1h | 2.5075 | +0.106% | $11K | — | 5x | as long as short |
| BloFin PENDLE-USDT | +0.0029% | 8h | 2.5039 | −0.036% | $1.3M | $737K | 75x | as long as short |
| Orderly PERP_PENDLE_USDClong | +0.0033% | 8h | 2.5048 | long leg | $25K | $11K | 10x | |
| Reya PENDLERUSDPERP | +0.0037% | 1h | 2.5042 | −0.026% | $4K | — | 15x | as long as short |
| Extended PENDLE-USD | +0.0040% | 1h | 2.5024 | −0.097% | $165K | $524K | 10x | as long as short |
| Binance PENDLEUSDT | +0.0041% | 8h | 2.5020 | −0.112% | $27.2M | $39.4M | 75x | as long as short |
| MEXC PENDLE_USDT | +0.0043% | 8h | 2.5037 | −0.044% | $16.9M | $2.3M | 125x | as long as short |
Injective PENDLE/USDC PERP
Kraken Futures PF_PENDLEUSD
Deribit PENDLE_USDC-PERPETUAL
dYdX PENDLE-USD
BloFin PENDLE-USDT
Reya PENDLERUSDPERP
Extended PENDLE-USD
Binance PENDLEUSDT
MEXC PENDLE_USDTShow all 30 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni PENDLE | +0.0048% | 8h | 2.4994 | −0.216% | $615K | $2.1M | — | as long as short |
| ApeX Omni PENDLEUSDT | +0.0087% | 1h | 2.5083 | +0.140% | $77K | $240K | 50x | as long as short |
| Aevo PENDLE-PERP | +0.0088% | 1h | 2.5049 | +0.004% | $26K | — | 3x | as long as short |
| Lighter PENDLE | +0.0096% | 1h | 2.5041 | −0.028% | $542K | $398K | 5x | as long as short |
| Paradex PENDLE-USD-PERPshort | +0.0100% | 8h | 2.5045 | −0.011% | $35K | $22K | 10x | |
| Hyperliquid PENDLE | +0.0100% | 1h | 2.5067 | +0.076% | $12.3M | $5.6M | 5x | as long as short |
| Aster PENDLEUSDT | +0.0100% | 8h | 2.5055 | +0.026% | $41K | $172K | 10x | as long as short |
| Bybit PENDLEUSDT | +0.0100% | 8h | 2.5020 | −0.112% | $15.5M | $12.0M | 50x | as long as short |
| OKX PENDLE-USDT-SWAP | +0.0100% | 4h | 2.5040 | −0.032% | $3.2M | $5.7M | 50x | as long as short |
| Gate PENDLE_USDT | +0.0100% | 8h | 2.5050 | +0.008% | $854K | $1.1M | 75x | as long as short |
| KuCoin PENDLEUSDTM | +0.0100% | 8h | 2.5059 | +0.044% | $894K | $608K | 50x | as long as short |
| Bitget PENDLEUSDT | +0.0100% | 8h | 2.5028 | −0.080% | $3.7M | $2.7M | 75x | as long as short |
| BingX PENDLE-USDT | +0.0100% | 8h | 2.5040 | −0.032% | — | $36.3M | — | as long as short |
| edgeX PENDLEUSDC | +0.0100% | 4h | 2.5061 | +0.053% | $25K | $410K | 10x | as long as short |
| GRVT PENDLE_USDT_Perp | +0.0100% | 8h | 2.5064 | +0.065% | $423K | $1.6M | 10x | as long as short |
| Polymarket Perps PENDLE-USD | +0.0100% | 1h | 2.5069 | +0.084% | $16K | $19K | 5x | as long as short |
| SunX PENDLE-USDT | +0.0100% | 8h | 2.5049 | +0.004% | $2K | $1.7M | 20x | as long as short |
| GMX PENDLE/USD [PENDLE-USDC] | L +0.0200% / S −0.0277% | 1h | 2.5057 | +0.035% | $5K | — | 100x | as long as short |
| Coinbase International PENDLE-PERP-INTX | +0.0560% | 1h | 2.5090 | +0.168% | $116K | $417K | 25x | as long as short |
| Backpack PENDLE_USDC_PERP | +0.0828% | 1h | 2.5098 | +0.200% | $362K | $460K | 15x | as long as short |
Variational Omni PENDLE
ApeX Omni PENDLEUSDT
Aevo PENDLE-PERP
Lighter PENDLE
Hyperliquid PENDLE
Aster PENDLEUSDT
Bybit PENDLEUSDT
OKX PENDLE-USDT-SWAP
Gate PENDLE_USDT
KuCoin PENDLEUSDTM
Bitget PENDLEUSDT
BingX PENDLE-USDT
edgeX PENDLEUSDC
GRVT PENDLE_USDT_Perp
Polymarket Perps PENDLE-USD
SunX PENDLE-USDT
GMX PENDLE/USD [PENDLE-USDC]
Coinbase International PENDLE-PERP-INTX
Backpack PENDLE_USDC_PERP