PENDLE

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0045%/8h= −4.9% APRnext payment −$0.06 per $10,000 · paid last 24h +0.008%

Price spread now: Extended against Reya−0.255%7-day average — · you buy dearer than you sell

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

Long on Reya Short on Extended

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

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

Together, before fees—+ Points / potential airdropReya: Active · Extended: 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 0.255% cheaper against Reya than usual: you would sell low and buy high (−$26 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Reya PENDLERUSDPERP	2.4532	0.0077	pay 0.0010% / 1h	54m 55s	$3K	—	15x
Short	Extended PENDLE-USD	2.4470	0.0032	get 0.0004% / 1h	54m 55s	$160K	$570K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended against Reya. 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 ReyabpFee ExtendedbpOrdersPrice spread, now −0.255%Rate

Funding earned: −$9.38
Price spread: −0.255% → 0.000%: −$25.52
Slippage, 4 orders: no order book: not counted
Fee Reya: 3 bp × 2 orders: −$6
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$45.9
Costs to cover: 0.110%
Break-even: never at this rate

Slippage unknown: Reya: no order-book sample; Extended: live order book, 53 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 Reya no order-book sample	—	—	—	—	—
Sell Extended live order book, 53 min ago	1.02 bp	14.1 bp −$14	120.8 bp −$1,208	doesn't fit	doesn't fit

Reya: 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	−0.4348%	1h	2.4340	−0.784%	$2K	$54K	5.5x	as long as short
Deribit PENDLE_USDC-PERPETUAL	−0.0239%	1h	2.4525	−0.030%	$25K	$16K	10x	as long as short
Orderly PERP_PENDLE_USDC	−0.0035%	8h	2.4519	−0.054%	$19K	$15K	10x	as long as short
Gate PENDLE_USDT	−0.0001%	8h	2.4490	−0.172%	$749K	$1.0M	75x	as long as short
dYdX PENDLE-USD	0.0000%	1h	2.4529	−0.012%	$10K	—	5x	as long as short
BloFin PENDLE-USDT	+0.0016%	8h	2.4487	−0.185%	$1.1M	$509K	75x	as long as short
Extended PENDLE-USDshort	+0.0032%	1h	2.4470	−0.255%	$160K	$570K	10x
Binance PENDLEUSDT	+0.0035%	8h	2.4470	−0.254%	$25.8M	$44.9M	75x	as long as short
MEXC PENDLE_USDT	+0.0039%	8h	2.4475	−0.234%	$17.5M	$2.0M	125x	as long as short
Reya PENDLERUSDPERPlong	+0.0077%	1h	2.4532	long leg	$3K	—	15x

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aevo PENDLE-PERP	+0.0088%	1h	2.4516	−0.064%	$26K	—	3x	as long as short
Lighter PENDLE	+0.0096%	1h	2.4520	−0.050%	$519K	$415K	5x	as long as short
Paradex PENDLE-USD-PERP	+0.0100%	8h	2.4494	−0.155%	$34K	$7K	10x	as long as short
Aster PENDLEUSDT	+0.0100%	8h	2.4509	−0.095%	$47K	$170K	10x	as long as short
Bybit PENDLEUSDT	+0.0100%	8h	2.4480	−0.213%	$14.3M	$12.2M	50x	as long as short
OKX PENDLE-USDT-SWAP	+0.0100%	4h	2.4490	−0.172%	$3.1M	$6.6M	50x	as long as short
KuCoin PENDLEUSDTM	+0.0100%	8h	2.4504	−0.115%	$876K	$558K	50x	as long as short
Bitget PENDLEUSDT	+0.0100%	8h	2.4495	−0.152%	$3.8M	$2.4M	75x	as long as short
BingX PENDLE-USDT	+0.0100%	8h	2.4479	−0.217%	—	$8.4M	—	as long as short
Variational Omni PENDLE	+0.0100%	8h	2.4511	−0.088%	$566K	$1.4M	—	as long as short
edgeX PENDLEUSDC	+0.0100%	4h	2.4566	+0.136%	$24K	$370K	10x	as long as short
GRVT PENDLE_USDT_Perp	+0.0100%	8h	2.4530	−0.008%	$411K	$2.3M	10x	as long as short
ApeX Omni PENDLEUSDT	+0.0100%	1h	2.4595	+0.256%	$75K	$233K	50x	as long as short
Polymarket Perps PENDLE-USD	+0.0100%	1h	2.4550	+0.072%	$16K	$7K	5x	as long as short
SunX PENDLE-USDT	+0.0100%	8h	2.4538	+0.023%	$2K	$1.8M	20x	as long as short
Hyperliquid PENDLE	+0.0149%	1h	2.4532	−0.001%	$12.7M	$6.1M	5x	as long as short
GMX PENDLE/USD [PENDLE-USDC]	L +0.0196% / S −0.0222%	1h	2.4533	+0.004%	$5K	—	100x	as long as short
Coinbase International PENDLE-PERP-INTX	+0.0688%	1h	2.4710	+0.724%	$161K	$531K	25x	as long as short
Backpack PENDLE_USDC_PERP	+0.0917%	1h	2.4552	+0.080%	$349K	$434K	15x	as long as short
Kraken Futures PF_PENDLEUSD	+0.1660%	1h	2.4552	+0.079%	$115K	$262K	20x	as long as short