Funding you earn now, next payment 16:00 UTC−0.0003%/8h= −0.4% APRnext payment −$0.03 per $10,000 · paid last 24h −0.034%
Price spread now: Bybit against BingX−0.041%7-day average −0.024% · you buy dearer than you sell
Net, funding: paid 7d − costs−$72as in the Funding arb table
Net, price: spread back to 7d avg − costs−$58as in the Price arb table
costs, in and out, $10k−$560.561% of the position
Funding, last 7 days−0.155%−$16 on $10k
+Price spread, last 7 days−0.007%−$1 · spread now −0.041%, 7d avg −0.024%
=| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BingX PENDLE-USDT | 2.4331 | 0.0100 | pay 0.0100% / 8h | 7h 23m | — | $8.2M | — |
| Short | Bybit PENDLEUSDT | 2.4321 | 0.0097 | get 0.0097% / 8h | 7h 23m | $14.2M | $11.9M | 50x |
BingX PENDLE-USDT
Bybit PENDLEUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit against BingX. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$0.68
- Price spread: −0.041% → −0.024%
- −$1.73
- Slippage, 4 orders
- −$35.12
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$58.53
- Costs to cover
- 0.561%
- Break-even
- never at this rate
Slippage from BingX: live order book, 15 min ago; Bybit: live order book, 5 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, 15 min ago | 3.09 bp | 11.8 bp −$12 | 24.0 bp −$240 | 256.1 bp −$25.6K | 443.8 bp −$221.9K |
| Sell Bybit live order book, 5 min ago | 2.07 bp | 16.4 bp −$16 | 39.6 bp −$396 | 266.1 bp −$26.6K | 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 | −0.3627% | 1h | 2.3970 | −1.484% | $2K | $55K | 5.5x | as long as short |
| GRVT PENDLE_USDT_Perp | −0.0638% | 8h | 2.4168 | −0.669% | $407K | $2.7M | 10x | as long as short |
| Gate PENDLE_USDT | −0.0102% | 8h | 2.4320 | −0.045% | $770K | $993K | 75x | as long as short |
| Binance PENDLEUSDT | −0.0099% | 8h | 2.4332 | +0.005% | $25.5M | $46.3M | 75x | as long as short |
| MEXC PENDLE_USDT | −0.0099% | 8h | 2.4310 | −0.086% | $18.0M | $2.1M | 125x | as long as short |
| Extended PENDLE-USD | −0.0096% | 1h | 2.4323 | −0.035% | $161K | $934K | 10x | as long as short |
| BloFin PENDLE-USDT | −0.0093% | 8h | 2.4174 | −0.645% | $1.1M | $505K | 75x | as long as short |
| ApeX Omni PENDLEUSDT | −0.0064% | 1h | 2.4177 | −0.633% | $74K | $231K | 50x | as long as short |
| Orderly PERP_PENDLE_USDC | −0.0012% | 8h | 2.4337 | +0.025% | $18K | $15K | 10x | as long as short |
| dYdX PENDLE-USD | 0.0000% | 1h | 2.4208 | −0.507% | $10K | — | 5x | as long as short |
Injective PENDLE/USDC PERP
GRVT PENDLE_USDT_Perp
Gate PENDLE_USDT
Binance PENDLEUSDT
MEXC PENDLE_USDT
Extended PENDLE-USD
BloFin PENDLE-USDT
ApeX Omni PENDLEUSDT
Orderly PERP_PENDLE_USDC
dYdX PENDLE-USDShow all 30 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Deribit PENDLE_USDC-PERPETUAL | 0.0000% | 1h | 2.4291 | −0.164% | $25K | $14K | 10x | as long as short |
| Aster PENDLEUSDT | +0.0015% | 8h | 2.4312 | −0.079% | $47K | $171K | 10x | as long as short |
| Aevo PENDLE-PERP | +0.0056% | 1h | 2.4346 | +0.062% | $25K | — | 3x | as long as short |
| Reya PENDLERUSDPERP | +0.0089% | 1h | 2.4313 | −0.076% | $3K | — | 15x | as long as short |
| Lighter PENDLE | +0.0096% | 1h | 2.4311 | −0.082% | $524K | $430K | 5x | as long as short |
| Bybit PENDLEUSDTshort | +0.0097% | 8h | 2.4321 | −0.041% | $14.2M | $11.9M | 50x | |
| Paradex PENDLE-USD-PERP | +0.0100% | 8h | 2.4306 | −0.105% | $34K | $3K | 10x | as long as short |
| Hyperliquid PENDLE | +0.0100% | 1h | 2.4350 | +0.078% | $12.7M | $6.0M | 5x | as long as short |
| OKX PENDLE-USDT-SWAP | +0.0100% | 4h | 2.4330 | −0.004% | $3.1M | $6.7M | 50x | as long as short |
| KuCoin PENDLEUSDTM | +0.0100% | 8h | 2.4311 | −0.082% | $699K | $601K | 50x | as long as short |
| Bitget PENDLEUSDT | +0.0100% | 8h | 2.4368 | +0.152% | $3.8M | $2.4M | 75x | as long as short |
| BingX PENDLE-USDTlong | +0.0100% | 8h | 2.4331 | long leg | — | $8.2M | — | |
| Variational Omni PENDLE | +0.0100% | 8h | 2.4110 | −0.907% | $562K | $1.2M | — | as long as short |
| edgeX PENDLEUSDC | +0.0100% | 4h | 2.4162 | −0.695% | $22K | $369K | 10x | as long as short |
| Polymarket Perps PENDLE-USD | +0.0100% | 1h | 2.4320 | −0.045% | $16K | $4K | 5x | as long as short |
| SunX PENDLE-USDT | +0.0100% | 8h | 2.4314 | −0.070% | $2K | $1.8M | 20x | as long as short |
| GMX PENDLE/USD [PENDLE-USDC] | L +0.0151% / S −0.0168% | 1h | 2.4288 | −0.178% | $5K | — | 100x | as long as short |
| Coinbase International PENDLE-PERP-INTX | +0.0664% | 1h | 2.4310 | −0.086% | $168K | $524K | 25x | as long as short |
| Backpack PENDLE_USDC_PERP | +0.0694% | 1h | 2.4342 | +0.045% | $359K | $430K | 15x | as long as short |
| Kraken Futures PF_PENDLEUSD | +0.1279% | 1h | 2.4267 | −0.263% | $114K | $255K | 20x | as long as short |
Deribit PENDLE_USDC-PERPETUAL
Aster PENDLEUSDT
Aevo PENDLE-PERP
Reya PENDLERUSDPERP
Lighter PENDLE
Paradex PENDLE-USD-PERP
Hyperliquid PENDLE
OKX PENDLE-USDT-SWAP
KuCoin PENDLEUSDTM
Bitget PENDLEUSDT
Variational Omni PENDLE
edgeX PENDLEUSDC
Polymarket Perps PENDLE-USD
SunX PENDLE-USDT
GMX PENDLE/USD [PENDLE-USDC]
Coinbase International PENDLE-PERP-INTX
Backpack PENDLE_USDC_PERP
Kraken Futures PF_PENDLEUSD