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

PENDLE

all PENDLE markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 07:00 UTC−0.0012%/8h= −1.3% APRpaid last 24h −0.003%
Price spread now: Aevo against BingX−0.008%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: $0 a day on $10k at the current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBingX PENDLE-USDT2.45080.0100pay 0.0100% / 8h1h 07m$8.2M
ShortAevo PENDLE-PERP2.45060.0088get 0.0011% / 1h7m 54s$26K3x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Aevo against BingX. 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
−$2.52
Price spread: −0.008% → 0.000%
−$0.8
Slippage, 4 orders
no order book: not counted
Fee BingX: 5 bp × 2 orders
−$10
Fee Aevo: 8 bp × 2 orders
−$16
Net
−$29.32
Costs to cover
0.260%
Break-even
never at this rate
Slippage unknown: BingX: live order book, 15 min ago; Aevo: 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
LegHalf-spread$10k$100k$1M$5M
Buy BingX live order book, 15 min ago3.04 bp15.4 bp −$1520.8 bp −$208187.7 bp −$18.8K423.6 bp −$211.8K
Sell Aevo no order-book sample
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−0.4348%1h2.4230−1.134%$2K$54K5.5xas long as short
Deribit PENDLE_USDC-PERPETUAL−0.0443%1h2.4506−0.008%$25K$16K10xas long as short
Orderly PERP_PENDLE_USDC−0.0017%8h2.4502−0.024%$19K$15K10xas long as short
dYdX PENDLE-USD0.0000%1h2.4546+0.153%$10K5xas long as short
BloFin PENDLE-USDT+0.0018%8h2.4505−0.012%$1.1M$478K75xas long as short
Extended PENDLE-USD+0.0024%1h2.4493−0.060%$158K$471K10xas long as short
Binance PENDLEUSDT+0.0025%8h2.4495−0.055%$25.8M$45.3M75xas long as short
MEXC PENDLE_USDT+0.0025%8h2.4495−0.053%$17.5M$2.0M125xas long as short
Gate PENDLE_USDT+0.0043%8h2.4520+0.049%$784K$1.0M75xas long as short
Reya PENDLERUSDPERP+0.0080%1h2.4508+0.001%$3K15xas long as short
Show all 30 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aevo PENDLE-PERPshort+0.0088%1h2.4506−0.008%$26K3x
Lighter PENDLE+0.0096%1h2.4510+0.008%$519K$417K5xas long as short
Paradex PENDLE-USD-PERP+0.0100%8h2.4494−0.059%$34K$7K10xas long as short
Hyperliquid PENDLE+0.0100%1h2.4532+0.098%$12.7M$6.1M5xas long as short
Aster PENDLEUSDT+0.0100%8h2.4504−0.016%$46K$168K10xas long as short
Bybit PENDLEUSDT+0.0100%8h2.4494−0.057%$14.3M$12.2M50xas long as short
OKX PENDLE-USDT-SWAP+0.0100%4h2.4510+0.008%$3.1M$6.6M50xas long as short
KuCoin PENDLEUSDTM+0.0100%8h2.4519+0.045%$872K$549K50xas long as short
Bitget PENDLEUSDT+0.0100%8h2.4507−0.004%$3.8M$2.4M75xas long as short
BingX PENDLE-USDTlong+0.0100%8h2.4508long leg$8.2M
Variational Omni PENDLE+0.0100%8h2.4490−0.072%$595K$1.4Mas long as short
edgeX PENDLEUSDC+0.0100%4h2.4496−0.048%$24K$369K10xas long as short
GRVT PENDLE_USDT_Perp+0.0100%8h2.4513+0.020%$408K$2.4M10xas long as short
ApeX Omni PENDLEUSDT+0.0100%1h2.4520+0.049%$75K$233K50xas long as short
Polymarket Perps PENDLE-USD+0.0100%1h2.4530+0.090%$16K$4K5xas long as short
SunX PENDLE-USDT+0.0100%8h2.4526+0.073%$2K$1.8M20xas long as short
GMX PENDLE/USD [PENDLE-USDC]L +0.0196% / S −0.0222%1h2.4513+0.021%$5K100xas long as short
Backpack PENDLE_USDC_PERP+0.0539%1h2.4557+0.200%$351K$434K15xas long as short
Coinbase International PENDLE-PERP-INTX+0.0688%1h2.4540+0.131%$158K$507K25xas long as short
Kraken Futures PF_PENDLEUSD+0.1659%1h2.4569+0.248%$115K$260K20xas long as short