PENDLE

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0001%/8h= +0.1% APRnext payment +$0.01 per $10,000 · paid last 24h −0.001%

Price spread now: BloFin against Binance+0.079%111s7-day average +0.004% · you sell dearer than you buy

Net, funding: paid 7d − costs−$53as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$530.529% of the position

Long on Binance Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.002%$0 on $10k

Price spread, last 3 days (all we have)−0.022%−$2 · spread now +0.079%, 7d avg +0.004%

Together, before fees−0.024%−$2 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: BloFin is 0.075% dearer against Binance than usual: you sell high and buy low, +$8 on $10k if it goes back to its 7-day average of +0.004%. The two prices were read 111 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance PENDLEUSDT	2.5269	−0.0077	get 0.0077% / 8h	7h 41m	$27.3M	$42.7M	75x
Short	BloFin PENDLE-USDT	2.5289	−0.0076	pay 0.0076% / 8h	7h 41m	$1.3M	$712K	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin 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 BloFinbpOrdersPrice spread, now +0.079%Rate

Funding earned: $0.18
Price spread: +0.079% → +0.004%: $7.5
Slippage, 4 orders: −$30.87
Fee Binance: 5 bp × 2 orders: −$10
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$45.19
Costs to cover: 0.529%
Break-even: 1769.7 days

Slippage from Binance: live order book, 16 min ago; BloFin: 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, 16 min ago	0.40 bp	13.2 bp −$13	29.4 bp −$294	doesn't fit	doesn't fit
Sell BloFin live order book, 1 min ago	0.79 bp	15.2 bp −$15	26.8 bp −$268	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	−0.4643%	1h	2.4970	−1.183%	$2K	$54K	5.5x	as long as short
Deribit PENDLE_USDC-PERPETUAL	−0.0421%	1h	2.5312	+0.170%	$26K	$14K	10x	as long as short
Gate PENDLE_USDT	−0.0225%	8h	2.5300	+0.123%	$781K	$1.2M	75x	as long as short
Binance PENDLEUSDTlong	−0.0077%	8h	2.5269	long leg	$27.3M	$42.7M	75x
BloFin PENDLE-USDTshort	−0.0076%	8h	2.5289	+0.079%	$1.3M	$712K	75x
MEXC PENDLE_USDT	−0.0074%	8h	2.5274	+0.020%	$17.1M	$1.9M	125x	as long as short
Extended PENDLE-USD	−0.0072%	1h	2.5253	−0.063%	$165K	$720K	10x	as long as short
ApeX Omni PENDLEUSDT	−0.0054%	1h	2.5317	+0.190%	$77K	$238K	50x	as long as short
Orderly PERP_PENDLE_USDC	−0.0015%	8h	2.5270	+0.004%	$20K	$16K	10x	as long as short
dYdX PENDLE-USD	0.0000%	1h	2.5298	+0.114%	$11K	—	5x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT PENDLE_USDT_Perp	+0.0008%	8h	2.5291	+0.086%	$427K	$1.6M	10x	as long as short
Variational Omni PENDLE	+0.0014%	8h	2.5226	−0.170%	$604K	$1.9M	—	as long as short
Reya PENDLERUSDPERP	+0.0049%	1h	2.5278	+0.034%	$4K	—	15x	as long as short
Aevo PENDLE-PERP	+0.0064%	1h	2.5313	+0.172%	$26K	—	3x	as long as short
Bybit PENDLEUSDT	+0.0084%	8h	2.5260	−0.036%	$15.6M	$12.1M	50x	as long as short
Aster PENDLEUSDT	+0.0087%	8h	2.5288	+0.075%	$47K	$178K	10x	as long as short
Lighter PENDLE	+0.0096%	1h	2.5282	+0.051%	$535K	$413K	5x	as long as short
Paradex PENDLE-USD-PERP	+0.0100%	8h	2.5260	−0.038%	$35K	$18K	10x	as long as short
OKX PENDLE-USDT-SWAP	+0.0100%	4h	2.5260	−0.036%	$3.3M	$6.1M	50x	as long as short
KuCoin PENDLEUSDTM	+0.0100%	8h	2.5313	+0.174%	$888K	$593K	50x	as long as short
Bitget PENDLEUSDT	+0.0100%	8h	2.5297	+0.111%	$3.8M	$2.4M	75x	as long as short
BingX PENDLE-USDT	+0.0100%	8h	2.5286	+0.067%	—	$35.7M	—	as long as short
edgeX PENDLEUSDC	+0.0100%	4h	2.5337	+0.270%	$25K	$380K	10x	as long as short
Polymarket Perps PENDLE-USD	+0.0100%	1h	2.5299	+0.119%	$16K	$20K	5x	as long as short
SunX PENDLE-USDT	+0.0100%	8h	2.5323	+0.214%	$2K	$1.8M	20x	as long as short
Hyperliquid PENDLE	+0.0140%	1h	2.5333	+0.255%	$12.9M	$6.3M	5x	as long as short
GMX PENDLE/USD [PENDLE-USDC]	L +0.0203% / S −0.0382%	1h	2.5284	+0.060%	$7K	—	100x	as long as short
Kraken Futures PF_PENDLEUSD	+0.0614%	1h	2.5357	+0.348%	$118K	$294K	20x	as long as short
Coinbase International PENDLE-PERP-INTX	+0.0728%	1h	2.5360	+0.360%	$141K	$441K	25x	as long as short
Backpack PENDLE_USDC_PERP	+0.0879%	1h	2.5370	+0.400%	$334K	$487K	15x	as long as short