PENDLE

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0071%/8h= +7.8% APRnext payment +$0.71 per $10,000 · paid last 24h +0.003%

Price spread now: Bitget against Binance+0.113%7-day average −0.082% · you sell dearer than you buy

Net, funding: paid 7d − costs−$67as in the Funding arb table

Net, price: spread back to 7d avg − costs−$50as in the Price arb table

costs, in and out, $10k−$690.692% of the position

Long on Binance Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days+0.020%+$2 on $10k

Price spread, last 7 days−0.231%−$23 · spread now +0.113%, 7d avg −0.082%

Together, before fees−0.211%−$21 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Bitget is 0.195% dearer against Binance than usual: you sell high and buy low: +$19 more if the spread goes back to its 7-day average of −0.082%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance PENDLEUSDT	2.5006	0.0029	pay 0.0029% / 8h	1h 41m	$27.2M	$40.1M	75x
Short	Bitget PENDLEUSDT	2.5034	0.0100	get 0.0100% / 8h	1h 41m	$3.7M	$2.7M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against Binance. 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 BinancebpFee BitgetbpOrdersPrice spread, now +0.113%Rate

Funding earned: $15.01
Price spread: +0.113% → −0.082%: $19.49
Slippage, 4 orders: −$47.15
Fee Binance: 5 bp × 2 orders: −$10
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$34.65
Costs to cover: 0.692%
Break-even: 23.2 days

Slippage from Binance: live order book, 15 min ago; Bitget: live order book, 1 min ago.

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 Binance live order book, 15 min ago	1.20 bp	11.8 bp −$12	29.0 bp −$290	doesn't fit	doesn't fit
Sell Bitget live order book, 1 min ago	4.40 bp	21.4 bp −$21	54.7 bp −$547	doesn't fit	doesn't fit

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	−0.3656%	1h	2.4770	−0.943%	$2K	$53K	5.5x	as long as short
Deribit PENDLE_USDC-PERPETUAL	−0.0588%	1h	2.5052	+0.185%	$30K	$10K	10x	as long as short
dYdX PENDLE-USD	0.0000%	1h	2.5046	+0.162%	$11K	—	5x	as long as short
ApeX Omni PENDLEUSDT	+0.0019%	1h	2.4955	−0.203%	$76K	$240K	50x	as long as short
Orderly PERP_PENDLE_USDC	+0.0027%	8h	2.4997	−0.035%	$20K	$16K	10x	as long as short
Binance PENDLEUSDTlong	+0.0029%	8h	2.5006	long leg	$27.2M	$40.1M	75x
MEXC PENDLE_USDT	+0.0029%	8h	2.5005	−0.003%	$16.9M	$2.1M	125x	as long as short
BloFin PENDLE-USDT	+0.0029%	8h	2.5013	+0.029%	$1.3M	$731K	75x	as long as short
Extended PENDLE-USD	+0.0032%	1h	2.5015	+0.038%	$164K	$526K	10x	as long as short
Reya PENDLERUSDPERP	+0.0039%	1h	2.5002	−0.016%	$4K	—	15x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni PENDLE	+0.0064%	8h	2.5033	+0.108%	$603K	$2.0M	—	as long as short
Aevo PENDLE-PERP	+0.0088%	1h	2.4987	−0.074%	$26K	—	3x	as long as short
Lighter PENDLE	+0.0096%	1h	2.5036	+0.121%	$525K	$422K	5x	as long as short
Paradex PENDLE-USD-PERP	+0.0100%	8h	2.5019	+0.053%	$35K	$20K	10x	as long as short
Hyperliquid PENDLE	+0.0100%	1h	2.5057	+0.205%	$12.3M	$5.9M	5x	as long as short
Aster PENDLEUSDT	+0.0100%	8h	2.5020	+0.056%	$42K	$175K	10x	as long as short
Bybit PENDLEUSDT	+0.0100%	8h	2.4992	−0.055%	$15.4M	$11.8M	50x	as long as short
OKX PENDLE-USDT-SWAP	+0.0100%	4h	2.5010	+0.017%	$3.2M	$5.8M	50x	as long as short
Gate PENDLE_USDT	+0.0100%	8h	2.5040	+0.137%	$786K	$1.1M	75x	as long as short
KuCoin PENDLEUSDTM	+0.0100%	8h	2.5038	+0.129%	$893K	$623K	50x	as long as short
Bitget PENDLEUSDTshort	+0.0100%	8h	2.5034	+0.113%	$3.7M	$2.7M	75x
BingX PENDLE-USDT	+0.0100%	8h	2.5024	+0.073%	—	$36.3M	—	as long as short
edgeX PENDLEUSDC	+0.0100%	4h	2.5003	−0.010%	$25K	$409K	10x	as long as short
GRVT PENDLE_USDT_Perp	+0.0100%	8h	2.4964	−0.165%	$412K	$1.6M	10x	as long as short
Polymarket Perps PENDLE-USD	+0.0100%	1h	2.5040	+0.137%	$16K	$19K	5x	as long as short
SunX PENDLE-USDT	+0.0100%	8h	2.5065	+0.237%	$2K	$1.7M	20x	as long as short
GMX PENDLE/USD [PENDLE-USDC]	L +0.0199% / S −0.0256%	1h	2.5023	+0.068%	$5K	—	100x	as long as short
Coinbase International PENDLE-PERP-INTX	+0.0592%	1h	2.5100	+0.377%	$139K	$461K	25x	as long as short
Kraken Futures PF_PENDLEUSD	+0.0751%	1h	2.5087	+0.326%	$147K	$278K	20x	as long as short
Backpack PENDLE_USDC_PERP	+0.0789%	1h	2.5095	+0.357%	$357K	$461K	15x	as long as short