PENDLE

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0628%/8h= +68.8% APRnext payment +$0.79 per $10,000 · paid last 24h −0.012%

Price spread now: Coinbase International against Polymarket Perps+0.039%7-day average — · you sell dearer than you buy

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

Long on Polymarket Perps Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days+0.132%+$13 on $10k

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Both sides work for this trade now. Funding pays +$19 a day on $10k at the current rate, and Coinbase International is 0.039% dearer against Polymarket Perps than usual: you sell high and buy low: +$4 more if the spread goes back to zero (this spread has no 7-day history yet).

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.132% in total (about 6.9% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.79 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Polymarket Perps PENDLE-USD	2.5390	0.0100	pay 0.0013% / 1h	7m 57s	$16K	$20K	5x
Short	Coinbase International PENDLE-PERP-INTX	2.5400	0.0728	get 0.0091% / 1h	7m 57s	$144K	$464K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against Polymarket Perps. 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 Polymarket PerpsbpFee Coinbase InternationalbpOrdersPrice spread, now +0.039%Rate

Funding earned: $131.88
Price spread: +0.039% → 0.000%: $3.94
Slippage, 4 orders: no order book: not counted
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: $117.82
Costs to cover: 0.180%
Break-even: 0.7 days

Slippage unknown: Polymarket Perps: no order-book sample; Coinbase International: 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 Polymarket Perps no order-book sample	—	—	—	—	—
Sell Coinbase International live order book, 65 min ago	13.90 bp	395.5 bp −$395	doesn't fit	doesn't fit	doesn't fit

Polymarket Perps: 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	−0.4643%	1h	2.5030	−1.418%	$2K	$54K	5.5x	as long as short
Deribit PENDLE_USDC-PERPETUAL	−0.0380%	1h	2.5383	−0.028%	$26K	$14K	10x	as long as short
Bybit PENDLEUSDT	−0.0193%	8h	2.5360	−0.118%	$15.6M	$12.0M	50x	as long as short
GRVT PENDLE_USDT_Perp	−0.0133%	8h	2.5346	−0.173%	$419K	$1.7M	10x	as long as short
MEXC PENDLE_USDT	−0.0097%	8h	2.5377	−0.051%	$17.2M	$1.9M	125x	as long as short
Binance PENDLEUSDT	−0.0096%	8h	2.5373	−0.067%	$27.4M	$42.9M	75x	as long as short
Extended PENDLE-USD	−0.0096%	1h	2.5353	−0.146%	$165K	$565K	10x	as long as short
ApeX Omni PENDLEUSDT	−0.0081%	1h	2.5358	−0.126%	$77K	$237K	50x	as long as short
BloFin PENDLE-USDT	−0.0080%	8h	2.5430	+0.158%	$1.3M	$677K	75x	as long as short
Orderly PERP_PENDLE_USDC	−0.0025%	8h	2.5382	−0.032%	$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	−0.135%	$611K	$1.8M	—	as long as short
dYdX PENDLE-USD	0.0000%	1h	2.5397	+0.027%	$11K	—	5x	as long as short
Aster PENDLEUSDT	+0.0043%	8h	2.5416	+0.101%	$48K	$174K	10x	as long as short
Reya PENDLERUSDPERP	+0.0052%	1h	2.5374	−0.062%	$4K	—	15x	as long as short
Aevo PENDLE-PERP	+0.0056%	1h	2.5377	−0.049%	$27K	—	3x	as long as short
Lighter PENDLE	+0.0096%	1h	2.5381	−0.035%	$539K	$418K	5x	as long as short
Paradex PENDLE-USD-PERP	+0.0100%	8h	2.5344	−0.182%	$35K	$18K	10x	as long as short
OKX PENDLE-USDT-SWAP	+0.0100%	4h	2.5370	−0.079%	$3.2M	$6.1M	50x	as long as short
Gate PENDLE_USDT	+0.0100%	8h	2.5380	−0.039%	$791K	$1.2M	75x	as long as short
KuCoin PENDLEUSDTM	+0.0100%	8h	2.5407	+0.067%	$882K	$589K	50x	as long as short
Bitget PENDLEUSDT	+0.0100%	8h	2.5359	−0.122%	$3.9M	$2.5M	75x	as long as short
BingX PENDLE-USDT	+0.0100%	8h	2.5375	−0.059%	—	$35.6M	—	as long as short
edgeX PENDLEUSDC	+0.0100%	4h	2.5355	−0.138%	$25K	$380K	10x	as long as short
Polymarket Perps PENDLE-USDlong	+0.0100%	1h	2.5390	long leg	$16K	$20K	5x
SunX PENDLE-USDT	+0.0100%	8h	2.5385	−0.020%	$2K	$1.8M	20x	as long as short
GMX PENDLE/USD [PENDLE-USDC]	L +0.0203% / S −0.0382%	1h	2.5401	+0.045%	$7K	—	100x	as long as short
Hyperliquid PENDLE	+0.0362%	1h	2.5435	+0.177%	$13.1M	$6.3M	5x	as long as short
Kraken Futures PF_PENDLEUSD	+0.0612%	1h	2.5441	+0.200%	$118K	$292K	20x	as long as short
Coinbase International PENDLE-PERP-INTXshort	+0.0728%	1h	2.5400	+0.039%	$144K	$464K	25x
Backpack PENDLE_USDC_PERP	+0.0903%	1h	2.5423	+0.130%	$356K	$487K	15x	as long as short