PENDLE

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0044%/8h= −4.8% APRnext payment −$0.06 per $10,000 · paid last 24h 0.000%

Price spread now: Extended against Polymarket Perps−0.192%7-day average — · you buy dearer than you sell

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

Long on Polymarket Perps Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days+0.089%+$9 on $10k

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 against this trade now: funding costs −$1 a day on $10k at the current rate, and Extended is 0.192% cheaper against Polymarket Perps than usual: you would sell low and buy high (−$19 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.089%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Polymarket Perps PENDLE-USD	2.5276	0.0100	pay 0.0013% / 1h	21m 13s	$16K	$19K	5x
Short	Extended PENDLE-USD	2.5227	0.0056	get 0.0007% / 1h	21m 13s	$166K	$524K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended 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 ExtendedbpOrdersPrice spread, now −0.192%Rate

Funding earned: −$9.24
Price spread: −0.192% → 0.000%: −$19.2
Slippage, 4 orders: no order book: not counted
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$41.44
Costs to cover: 0.130%
Break-even: never at this rate

Slippage unknown: Polymarket Perps: no order-book sample; Extended: live order book, 2 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 Extended live order book, 2 min ago	0.99 bp	13.6 bp −$14	132.4 bp −$1,324	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	−0.4806%	1h	2.4990	−1.132%	$2K	$7K	5.5x	as long as short
Kraken Futures PF_PENDLEUSD	−0.0428%	1h	2.5299	+0.090%	$150K	$279K	20x	as long as short
Deribit PENDLE_USDC-PERPETUAL	−0.0384%	1h	2.5232	−0.174%	$30K	$10K	10x	as long as short
dYdX PENDLE-USD	0.0000%	1h	2.5278	+0.007%	$11K	—	5x	as long as short
Orderly PERP_PENDLE_USDC	+0.0035%	8h	2.5232	−0.174%	$25K	$11K	10x	as long as short
Reya PENDLERUSDPERP	+0.0036%	1h	2.5244	−0.127%	$4K	—	15x	as long as short
Variational Omni PENDLE	+0.0043%	8h	2.5289	+0.052%	$611K	$2.3M	—	as long as short
Binance PENDLEUSDT	+0.0056%	8h	2.5234	−0.166%	$27.5M	$39.3M	75x	as long as short
Extended PENDLE-USDshort	+0.0056%	1h	2.5227	−0.192%	$166K	$524K	10x
MEXC PENDLE_USDT	+0.0057%	8h	2.5233	−0.170%	$17.0M	$2.3M	125x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BloFin PENDLE-USDT	+0.0082%	8h	2.5243	−0.131%	$1.3M	$747K	75x	as long as short
ApeX Omni PENDLEUSDT	+0.0094%	1h	2.5272	−0.016%	$77K	$240K	50x	as long as short
Lighter PENDLE	+0.0096%	1h	2.5240	−0.142%	$548K	$396K	5x	as long as short
Aevo PENDLE-PERP	+0.0096%	1h	2.5235	−0.160%	$26K	—	3x	as long as short
Paradex PENDLE-USD-PERP	+0.0100%	8h	2.5257	−0.077%	$35K	$22K	10x	as long as short
Hyperliquid PENDLE	+0.0100%	1h	2.5273	−0.012%	$12.4M	$5.6M	5x	as long as short
Aster PENDLEUSDT	+0.0100%	8h	2.5257	−0.076%	$41K	$177K	10x	as long as short
Bybit PENDLEUSDT	+0.0100%	8h	2.5220	−0.222%	$15.6M	$12.2M	50x	as long as short
OKX PENDLE-USDT-SWAP	+0.0100%	4h	2.5250	−0.103%	$3.3M	$5.7M	50x	as long as short
Gate PENDLE_USDT	+0.0100%	8h	2.5240	−0.142%	$842K	$1.1M	75x	as long as short
KuCoin PENDLEUSDTM	+0.0100%	8h	2.5266	−0.040%	$914K	$611K	50x	as long as short
Bitget PENDLEUSDT	+0.0100%	8h	2.5257	−0.075%	$3.8M	$2.6M	75x	as long as short
BingX PENDLE-USDT	+0.0100%	8h	2.5237	−0.154%	—	$36.3M	—	as long as short
edgeX PENDLEUSDC	+0.0100%	4h	2.5273	−0.010%	$25K	$411K	10x	as long as short
GRVT PENDLE_USDT_Perp	+0.0100%	8h	2.5266	−0.038%	$426K	$1.6M	10x	as long as short
Polymarket Perps PENDLE-USDlong	+0.0100%	1h	2.5276	long leg	$16K	$19K	5x
SunX PENDLE-USDT	+0.0100%	8h	2.5282	+0.024%	$1K	$1.7M	20x	as long as short
GMX PENDLE/USD [PENDLE-USDC]	L +0.0200% / S −0.0277%	1h	2.5246	−0.117%	$5K	—	100x	as long as short
Coinbase International PENDLE-PERP-INTX	+0.0560%	1h	2.5360	+0.332%	$117K	$434K	25x	as long as short
Backpack PENDLE_USDC_PERP	+0.0845%	1h	2.5286	+0.040%	$365K	$465K	15x	as long as short