PENDLE

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0012%/8h= +1.3% APRnext payment +$0.02 per $10,000 · paid last 24h +0.018%

Price spread now: Polymarket Perps against Reya+0.115%7-day average — · you sell dearer than you buy

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

Long on Reya Short on Polymarket Perps

What this pair did over the last

the charts below follow

Funding, last 4 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 · farm boardneeds both histories

Both sides work for this trade now. Funding pays $0 a day on $10k at the current rate, and Polymarket Perps is 0.115% dearer against Reya than usual: you sell high and buy low: +$11 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Reya PENDLERUSDPERP	2.4242	0.0088	pay 0.0011% / 1h	35m 20s	$3K	—	15x
Short	Polymarket Perps PENDLE-USD	2.4270	0.0100	get 0.0013% / 1h	35m 20s	$16K	$4K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Polymarket Perps 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 Polymarket PerpsbpOrdersPrice spread, now +0.115%Rate

Funding earned: $2.54
Price spread: +0.115% → 0.000%: $11.46
Slippage, 4 orders: no order book: not counted
Fee Reya: 3 bp × 2 orders: −$6
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: −$0.01
Costs to cover: 0.140%
Break-even: 7.0 days

Slippage unknown: Reya: no order-book sample; Polymarket Perps: 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 Polymarket Perps no order-book sample	—	—	—	—	—

Reya and 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	−0.3627%	1h	2.3970	−1.123%	$2K	$55K	5.5x	as long as short
GRVT PENDLE_USDT_Perp	−0.0939%	8h	2.4236	−0.026%	$408K	$2.6M	10x	as long as short
Deribit PENDLE_USDC-PERPETUAL	−0.0574%	1h	2.4253	+0.044%	$25K	$16K	10x	as long as short
Gate PENDLE_USDT	−0.0269%	8h	2.4260	+0.073%	$769K	$991K	75x	as long as short
BloFin PENDLE-USDT	−0.0087%	8h	2.4242	−0.001%	$1.1M	$504K	75x	as long as short
Binance PENDLEUSDT	−0.0081%	8h	2.4240	−0.007%	$25.4M	$45.9M	75x	as long as short
Extended PENDLE-USD	−0.0080%	1h	2.4235	−0.029%	$156K	$924K	10x	as long as short
MEXC PENDLE_USDT	−0.0073%	8h	2.4242	−0.001%	$18.0M	$2.1M	125x	as long as short
Orderly PERP_PENDLE_USDC	−0.0015%	8h	2.4245	+0.011%	$18K	$15K	10x	as long as short
dYdX PENDLE-USD	0.0000%	1h	2.4273	+0.127%	$10K	—	5x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
ApeX Omni PENDLEUSDT	+0.0003%	1h	2.4283	+0.168%	$74K	$231K	50x	as long as short
Bybit PENDLEUSDT	+0.0011%	8h	2.4240	−0.009%	$14.0M	$11.9M	50x	as long as short
Aster PENDLEUSDT	+0.0030%	8h	2.4269	+0.110%	$47K	$168K	10x	as long as short
Aevo PENDLE-PERP	+0.0064%	1h	2.4244	+0.009%	$25K	—	3x	as long as short
Reya PENDLERUSDPERPlong	+0.0088%	1h	2.4242	long leg	$3K	—	15x
Lighter PENDLE	+0.0096%	1h	2.4246	+0.016%	$522K	$429K	5x	as long as short
Paradex PENDLE-USD-PERP	+0.0100%	8h	2.4235	−0.032%	$34K	$3K	10x	as long as short
Hyperliquid PENDLE	+0.0100%	1h	2.4275	+0.135%	$12.7M	$6.0M	5x	as long as short
OKX PENDLE-USDT-SWAP	+0.0100%	4h	2.4250	+0.032%	$3.1M	$6.7M	50x	as long as short
KuCoin PENDLEUSDTM	+0.0100%	8h	2.4252	+0.040%	$686K	$599K	50x	as long as short
Bitget PENDLEUSDT	+0.0100%	8h	2.4242	−0.001%	$3.8M	$2.4M	75x	as long as short
BingX PENDLE-USDT	+0.0100%	8h	2.4245	+0.011%	—	$8.3M	—	as long as short
Variational Omni PENDLE	+0.0100%	8h	2.4226	−0.067%	$565K	$1.2M	—	as long as short
edgeX PENDLEUSDC	+0.0100%	4h	2.4231	−0.045%	$24K	$368K	10x	as long as short
Polymarket Perps PENDLE-USDshort	+0.0100%	1h	2.4270	+0.115%	$16K	$4K	5x
SunX PENDLE-USDT	+0.0100%	8h	2.4273	+0.127%	$2K	$1.8M	20x	as long as short
GMX PENDLE/USD [PENDLE-USDC]	L +0.0151% / S −0.0168%	1h	2.4260	+0.072%	$5K	—	100x	as long as short
Coinbase International PENDLE-PERP-INTX	+0.0664%	1h	2.4340	+0.403%	$163K	$517K	25x	as long as short
Backpack PENDLE_USDC_PERP	+0.0682%	1h	2.4297	+0.226%	$358K	$432K	15x	as long as short
Kraken Futures PF_PENDLEUSD	+0.1277%	1h	2.4305	+0.259%	$115K	$253K	20x	as long as short