PENDLE

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0171%/8h= −18.7% APRnext payment −$1.71 per $10,000 · paid last 24h −0.017%

Price spread now: Binance against BingX+0.113%7-day average +0.034% · you sell dearer than you buy

Net, funding: paid 7d − costs−$51as in the Funding arb table

Net, price: spread back to 7d avg − costs−$39as in the Price arb table

costs, in and out, $10k−$460.464% of the position

Long on BingX Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−0.051%−$5 on $10k

Price spread, last 7 days−0.099%−$10 · spread now +0.113%, 7d avg +0.034%

Together, before fees−0.149%−$15 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Binance is 0.079% dearer against BingX than usual: you sell high and buy low (spread +0.113% now, against its 7-day average of +0.034%): +$8 on $10k if it goes back. Holding the pair costs −$5 a day in funding at the current rate, which eats that in about 37 hours. At the pace of the last 7 days (−0.051% in total) that is about 11 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX PENDLE-USDT	2.4724	0.0100	pay 0.0100% / 8h	4h 56m	—	$8.6M	—
Short	Binance PENDLEUSDT	2.4752	−0.0071	pay 0.0071% / 8h	4h 56m	$26.4M	$43.9M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance 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

Position, each leg$Hold fordaysFee BingXbpFee BinancebpOrdersPrice spread, now +0.113%Rate

Funding earned: −$35.87
Price spread: +0.113% → +0.034%: $7.85
Slippage, 4 orders: −$26.4
Fee BingX: 5 bp × 2 orders: −$10
Fee Binance: 5 bp × 2 orders: −$10
Net: −$74.42
Costs to cover: 0.464%
Break-even: never at this rate

Slippage from BingX: live order book, 13 min ago; Binance: live order book, 16 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 BingX live order book, 13 min ago	4.23 bp	10.5 bp −$10	22.3 bp −$223	224.6 bp −$22.5K	465.1 bp −$232.6K
Sell Binance live order book, 16 min ago	1.60 bp	13.1 bp −$13	33.5 bp −$335	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	−0.4334%	1h	2.4430	−1.189%	$2K	$54K	5.5x	as long as short
Extended PENDLE-USD	−0.0072%	1h	2.4749	+0.102%	$161K	$570K	10x	as long as short
MEXC PENDLE_USDT	−0.0072%	8h	2.4754	+0.121%	$17.3M	$1.9M	125x	as long as short
Binance PENDLEUSDTshort	−0.0071%	8h	2.4752	+0.113%	$26.4M	$43.9M	75x
BloFin PENDLE-USDT	−0.0066%	8h	2.4680	−0.178%	$1.3M	$653K	75x	as long as short
Aster PENDLEUSDT	−0.0040%	8h	2.4755	+0.124%	$47K	$178K	10x	as long as short
Orderly PERP_PENDLE_USDC	−0.0035%	8h	2.4759	+0.142%	$19K	$15K	10x	as long as short
dYdX PENDLE-USD	0.0000%	1h	2.4712	−0.050%	$10K	—	5x	as long as short
Deribit PENDLE_USDC-PERPETUAL	0.0000%	1h	2.4766	+0.170%	$25K	$14K	10x	as long as short
Gate PENDLE_USDT	+0.0007%	8h	2.4770	+0.186%	$719K	$1.1M	75x	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	+0.0024%	8h	2.4655	−0.279%	$563K	$1.8M	—	as long as short
Reya PENDLERUSDPERP	+0.0062%	1h	2.4772	+0.194%	$3K	—	15x	as long as short
Aevo PENDLE-PERP	+0.0064%	1h	2.4749	+0.101%	$26K	—	3x	as long as short
GRVT PENDLE_USDT_Perp	+0.0074%	8h	2.4676	−0.195%	$412K	$1.8M	10x	as long as short
Lighter PENDLE	+0.0096%	1h	2.4764	+0.162%	$528K	$413K	5x	as long as short
Paradex PENDLE-USD-PERP	+0.0100%	8h	2.4727	+0.013%	$35K	$13K	10x	as long as short
Bybit PENDLEUSDT	+0.0100%	8h	2.4750	+0.105%	$14.7M	$12.4M	50x	as long as short
OKX PENDLE-USDT-SWAP	+0.0100%	4h	2.4770	+0.186%	$3.1M	$6.2M	50x	as long as short
KuCoin PENDLEUSDTM	+0.0100%	8h	2.4767	+0.174%	$839K	$573K	50x	as long as short
Bitget PENDLEUSDT	+0.0100%	8h	2.4765	+0.166%	$3.7M	$2.4M	75x	as long as short
BingX PENDLE-USDTlong	+0.0100%	8h	2.4724	long leg	—	$8.6M	—
edgeX PENDLEUSDC	+0.0100%	4h	2.4669	−0.221%	$24K	$379K	10x	as long as short
ApeX Omni PENDLEUSDT	+0.0100%	1h	2.4682	−0.170%	$75K	$235K	50x	as long as short
Polymarket Perps PENDLE-USD	+0.0100%	1h	2.4785	+0.247%	$16K	$8K	5x	as long as short
SunX PENDLE-USDT	+0.0100%	8h	2.4763	+0.158%	$2K	$1.8M	20x	as long as short
GMX PENDLE/USD [PENDLE-USDC]	L +0.0196% / S −0.0222%	1h	2.4769	+0.180%	$5K	—	100x	as long as short
Hyperliquid PENDLE	+0.0374%	1h	2.4790	+0.267%	$12.6M	$6.1M	5x	as long as short
Coinbase International PENDLE-PERP-INTX	+0.0608%	1h	2.4760	+0.146%	$147K	$493K	25x	as long as short
Backpack PENDLE_USDC_PERP	+0.0904%	1h	2.4811	+0.352%	$357K	$479K	15x	as long as short
Kraken Futures PF_PENDLEUSD	+0.1173%	1h	2.4790	+0.265%	$115K	$278K	20x	as long as short