Settings8H · net · $10k
Funding arb · Price arb /

PENDLE

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 03:00 UTC−0.0033%/8h= −3.6% APRpaid last 24h −0.007%
Price spread now: Gate against Aevo−0.006%7-day average · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 5 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before feesneeds both histories
The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: −$1 a day on $10k at the current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongAevo PENDLE-PERP2.49510.0056pay 0.0007% / 1h20m 59s$26K3x
ShortGate PENDLE_USDT2.49500.0023get 0.0023% / 8h5h 20m$722K$1.1M75x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Gate against Aevo. 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

Funding earned
−$6.93
Price spread: −0.006% → 0.000%
−$0.58
Slippage, 4 orders
no order book: not counted
Fee Aevo: 8 bp × 2 orders
−$16
Fee Gate: 7.5 bp × 2 orders
−$15
Net
−$38.51
Costs to cover
0.310%
Break-even
never at this rate
Slippage unknown: Aevo: no order-book sample; Gate: live order book, 1 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Aevo no order-book sample
Sell Gate live order book, 1 min ago4.02 bp22.3 bp −$22167.9 bp −$1,679doesn't fitdoesn't fit
Aevo: 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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Injective PENDLE/USDC PERP−0.4938%1h2.4520−1.729%$2K$54K5.5xas long as short
BloFin PENDLE-USDT−0.0102%8h2.4951−0.002%$1.3M$650K75xas long as short
Extended PENDLE-USD−0.0088%1h2.4932−0.078%$162K$570K10xas long as short
Binance PENDLEUSDT−0.0084%8h2.4950−0.006%$26.7M$43.5M75xas long as short
MEXC PENDLE_USDT−0.0084%8h2.4942−0.038%$17.4M$1.9M125xas long as short
Orderly PERP_PENDLE_USDC−0.0035%8h2.4963+0.046%$19K$15K10xas long as short
Aster PENDLEUSDT−0.0030%8h2.4958+0.026%$47K$177K10xas long as short
dYdX PENDLE-USD0.0000%1h2.4933−0.074%$10K5xas long as short
Deribit PENDLE_USDC-PERPETUAL0.0000%1h2.4967+0.062%$26K$14K10xas long as short
Variational Omni PENDLE+0.0011%8h2.4945−0.024%$561K$1.8Mas long as short
Show all 30 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Gate PENDLE_USDTshort+0.0023%8h2.4950−0.006%$722K$1.1M75x
Aevo PENDLE-PERPlong+0.0056%1h2.4951long leg$26K3x
GRVT PENDLE_USDT_Perp+0.0059%8h2.4892−0.238%$416K$1.8M10xas long as short
Reya PENDLERUSDPERP+0.0060%1h2.4974+0.089%$4K15xas long as short
Lighter PENDLE+0.0096%1h2.4955+0.014%$533K$418K5xas long as short
Paradex PENDLE-USD-PERP+0.0100%8h2.4952+0.002%$35K$15K10xas long as short
Hyperliquid PENDLE+0.0100%1h2.4989+0.150%$12.7M$6.0M5xas long as short
Bybit PENDLEUSDT+0.0100%8h2.4940−0.046%$14.9M$12.2M50xas long as short
OKX PENDLE-USDT-SWAP+0.0100%4h2.4960+0.034%$3.2M$6.2M50xas long as short
KuCoin PENDLEUSDTM+0.0100%8h2.4966+0.058%$852K$573K50xas long as short
Bitget PENDLEUSDT+0.0100%8h2.4954+0.010%$3.7M$2.3M75xas long as short
BingX PENDLE-USDT+0.0100%8h2.4947−0.018%$33.6Mas long as short
edgeX PENDLEUSDC+0.0100%4h2.4819−0.529%$25K$377K10xas long as short
ApeX Omni PENDLEUSDT+0.0100%1h2.4856−0.383%$76K$235K50xas long as short
Polymarket Perps PENDLE-USD+0.0100%1h2.4988+0.146%$16K$8K5xas long as short
SunX PENDLE-USDT+0.0100%8h2.4964+0.050%$1K$1.8M20xas long as short
GMX PENDLE/USD [PENDLE-USDC]L +0.0158% / S −0.0257%1h2.4967+0.064%$7K100xas long as short
Coinbase International PENDLE-PERP-INTX+0.0552%1h2.4990+0.155%$148K$493K25xas long as short
Backpack PENDLE_USDC_PERP+0.0715%1h2.5002+0.203%$361K$488K15xas long as short
Kraken Futures PF_PENDLEUSD+0.0749%1h2.5017+0.265%$116K$280K20xas long as short