Funding you earn now, next payment 03:00 UTC−0.0292%/8h= −32.0% APRnext payment −$0.37 per $10,000 · paid last 24h −0.032%
Price spread now: Deribit against Reya−0.009%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 3 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: −$9 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Reya PENDLERUSDPERP | 2.4926 | 0.0061 | pay 0.0008% / 1h | 9m 46s | $4K | — | 15x |
| Short | Deribit PENDLE_USDC-PERPETUAL | 2.4924 | −0.0231 | pay 0.0029% / 1h | 9m 46s | $26K | $14K | 10x |
Reya PENDLERUSDPERP
Deribit PENDLE_USDC-PERPETUALFunding history
latest
Range statsloading…
Price spread between the two exchanges
Deribit against Reya. 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
- −$61.39
- Price spread: −0.009% → 0.000%
- −$0.94
- Slippage, 4 orders
- no order book: not counted
- Fee Reya: 3 bp × 2 orders
- −$6
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- −$75.33
- Costs to cover
- 0.130%
- Break-even
- never at this rate
Slippage unknown: Reya: no order-book sample; Deribit: 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 Reya no order-book sample | — | — | — | — | — |
| Sell Deribit no order-book sample | — | — | — | — | — |
Reya and Deribit: 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 | −0.4938% | 1h | 2.4720 | −0.828% | $2K | $54K | 5.5x | as long as short |
| Deribit PENDLE_USDC-PERPETUALshort | −0.0231% | 1h | 2.4924 | −0.009% | $26K | $14K | 10x | |
| BloFin PENDLE-USDT | −0.0081% | 8h | 2.4957 | +0.123% | $1.3M | $654K | 75x | as long as short |
| MEXC PENDLE_USDT | −0.0073% | 8h | 2.4898 | −0.114% | $17.4M | $1.9M | 125x | as long as short |
| Binance PENDLEUSDT | −0.0072% | 8h | 2.4888 | −0.156% | $26.6M | $43.7M | 75x | as long as short |
| Extended PENDLE-USD | −0.0072% | 1h | 2.4891 | −0.144% | $162K | $570K | 10x | as long as short |
| Orderly PERP_PENDLE_USDC | −0.0035% | 8h | 2.4922 | −0.017% | $19K | $15K | 10x | as long as short |
| Aster PENDLEUSDT | −0.0025% | 8h | 2.4920 | −0.026% | $47K | $177K | 10x | as long as short |
| dYdX PENDLE-USD | 0.0000% | 1h | 2.4936 | +0.037% | $10K | — | 5x | as long as short |
| Variational Omni PENDLE | +0.0023% | 8h | 2.4940 | +0.055% | $566K | $1.8M | — | as long as short |
Injective PENDLE/USDC PERP
BloFin PENDLE-USDT
MEXC PENDLE_USDT
Binance PENDLEUSDT
Extended PENDLE-USD
Orderly PERP_PENDLE_USDC
Aster PENDLEUSDT
dYdX PENDLE-USD
Variational Omni PENDLEShow all 30 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Gate PENDLE_USDT | +0.0058% | 8h | 2.4930 | +0.015% | $724K | $1.1M | 75x | as long as short |
| Reya PENDLERUSDPERPlong | +0.0061% | 1h | 2.4926 | long leg | $4K | — | 15x | |
| Aevo PENDLE-PERP | +0.0064% | 1h | 2.4924 | −0.009% | $26K | — | 3x | as long as short |
| GRVT PENDLE_USDT_Perp | +0.0082% | 8h | 2.4986 | +0.239% | $419K | $1.8M | 10x | as long as short |
| Lighter PENDLE | +0.0096% | 1h | 2.4931 | +0.019% | $532K | $418K | 5x | as long as short |
| Paradex PENDLE-USD-PERP | +0.0100% | 8h | 2.4928 | +0.008% | $35K | $15K | 10x | as long as short |
| Hyperliquid PENDLE | +0.0100% | 1h | 2.4930 | +0.015% | $12.7M | $6.0M | 5x | as long as short |
| Bybit PENDLEUSDT | +0.0100% | 8h | 2.4890 | −0.146% | $14.8M | $12.3M | 50x | as long as short |
| OKX PENDLE-USDT-SWAP | +0.0100% | 4h | 2.4890 | −0.146% | $3.1M | $6.2M | 50x | as long as short |
| KuCoin PENDLEUSDTM | +0.0100% | 8h | 2.4932 | +0.023% | $851K | $574K | 50x | as long as short |
| Bitget PENDLEUSDT | +0.0100% | 8h | 2.4875 | −0.206% | $3.7M | $2.4M | 75x | as long as short |
| BingX PENDLE-USDT | +0.0100% | 8h | 2.4897 | −0.118% | — | $33.6M | — | as long as short |
| edgeX PENDLEUSDC | +0.0100% | 4h | 2.4977 | +0.204% | $25K | $376K | 10x | as long as short |
| ApeX Omni PENDLEUSDT | +0.0100% | 1h | 2.4992 | +0.263% | $76K | $235K | 50x | as long as short |
| Polymarket Perps PENDLE-USD | +0.0100% | 1h | 2.4958 | +0.127% | $16K | $8K | 5x | as long as short |
| SunX PENDLE-USDT | +0.0100% | 8h | 2.4941 | +0.059% | $2K | $1.8M | 20x | as long as short |
| GMX PENDLE/USD [PENDLE-USDC] | L +0.0158% / S −0.0257% | 1h | 2.4927 | +0.003% | $7K | — | 100x | as long as short |
| Coinbase International PENDLE-PERP-INTX | +0.0552% | 1h | 2.4980 | +0.215% | $148K | $496K | 25x | as long as short |
| Kraken Futures PF_PENDLEUSD | +0.0750% | 1h | 2.4981 | +0.217% | $116K | $278K | 20x | as long as short |
| Backpack PENDLE_USDC_PERP | +0.0796% | 1h | 2.4968 | +0.167% | $361K | $488K | 15x | as long as short |
Gate PENDLE_USDT
Aevo PENDLE-PERP
GRVT PENDLE_USDT_Perp
Lighter PENDLE
Paradex PENDLE-USD-PERP
Hyperliquid PENDLE
Bybit PENDLEUSDT
OKX PENDLE-USDT-SWAP
KuCoin PENDLEUSDTM
Bitget PENDLEUSDT
BingX PENDLE-USDT
edgeX PENDLEUSDC
ApeX Omni PENDLEUSDT
Polymarket Perps PENDLE-USD
SunX PENDLE-USDT
GMX PENDLE/USD [PENDLE-USDC]
Coinbase International PENDLE-PERP-INTX
Kraken Futures PF_PENDLEUSD
Backpack PENDLE_USDC_PERP