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

PENDLE

all PENDLE markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment $0.00 per $10,000 · paid last 24h 0.000%
Price spread now: Paradex against BingX+0.001%7-day average · you sell dearer than you buy
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 4 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropParadex: Active · farm boardneeds both histories
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBingX PENDLE-USDT2.51470.0100pay 0.0100% / 8h1h 53m$36.3M
ShortParadex PENDLE-USD-PERP2.51470.0100get 0.0100% / 8h1h 53m$35K$20K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Paradex 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
$0
Price spread: +0.001% → 0.000%
$0.12
Slippage, 4 orders
no order book: not counted
Fee BingX: 5 bp × 2 orders
−$10
Fee Paradex: 2 bp × 2 orders
−$4
Net
−$13.88
Costs to cover
0.140%
Break-even
never at this rate
Slippage unknown: BingX: live order book, 15 min ago; Paradex: 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 ago3.19 bp11.6 bp −$1222.5 bp −$225231.0 bp −$23.1K476.8 bp −$238.4K
Sell Paradex no order-book sample
Paradex: 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−0.3656%1h2.4770−1.499%$2K$53K5.5xas long as short
Deribit PENDLE_USDC-PERPETUAL−0.0625%1h2.5112−0.139%$30K$10K10xas long as short
dYdX PENDLE-USD0.0000%1h2.5181+0.135%$11K5xas long as short
BloFin PENDLE-USDT+0.0021%8h2.5155+0.032%$1.3M$732K75xas long as short
Orderly PERP_PENDLE_USDC+0.0031%8h2.5118−0.115%$20K$16K10xas long as short
Reya PENDLERUSDPERP+0.0038%1h2.5112−0.140%$4K15xas long as short
MEXC PENDLE_USDT+0.0045%8h2.5096−0.203%$16.9M$2.1M125xas long as short
Binance PENDLEUSDT+0.0047%8h2.5083−0.254%$27.2M$39.6M75xas long as short
Extended PENDLE-USD+0.0048%1h2.5087−0.238%$165K$524K10xas long as short
Variational Omni PENDLE+0.0060%8h2.5103−0.176%$618K$2.0Mas long as short
Show all 30 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Lighter PENDLE+0.0096%1h2.5106−0.163%$527K$421K5xas long as short
Aevo PENDLE-PERP+0.0096%1h2.5097−0.197%$26K3xas long as short
Paradex PENDLE-USD-PERPshort+0.0100%8h2.5147+0.001%$35K$20K10x
Aster PENDLEUSDT+0.0100%8h2.5122−0.101%$41K$172K10xas long as short
Bybit PENDLEUSDT+0.0100%8h2.5093−0.215%$15.5M$11.9M50xas long as short
OKX PENDLE-USDT-SWAP+0.0100%4h2.5100−0.187%$3.2M$5.8M50xas long as short
Gate PENDLE_USDT+0.0100%8h2.5170+0.091%$859K$1.1M75xas long as short
KuCoin PENDLEUSDTM+0.0100%8h2.5139−0.032%$897K$605K50xas long as short
Bitget PENDLEUSDT+0.0100%8h2.5127−0.080%$3.7M$2.7M75xas long as short
BingX PENDLE-USDTlong+0.0100%8h2.5147long leg$36.3M
edgeX PENDLEUSDC+0.0100%4h2.5048−0.395%$25K$409K10xas long as short
GRVT PENDLE_USDT_Perp+0.0100%8h2.5144−0.012%$424K$1.6M10xas long as short
ApeX Omni PENDLEUSDT+0.0100%1h2.5121−0.103%$77K$240K50xas long as short
Polymarket Perps PENDLE-USD+0.0100%1h2.5149+0.008%$16K$19K5xas long as short
SunX PENDLE-USDT+0.0100%8h2.5107−0.159%$1K$1.7M20xas long as short
Hyperliquid PENDLE+0.0130%1h2.5134−0.052%$12.4M$5.6M5xas long as short
GMX PENDLE/USD [PENDLE-USDC]L +0.0200% / S −0.0277%1h2.5129−0.071%$5K100xas long as short
Coinbase International PENDLE-PERP-INTX+0.0592%1h2.5180+0.131%$117K$417K25xas long as short
Kraken Futures PF_PENDLEUSD+0.0750%1h2.5105−0.169%$149K$274K20xas long as short
Backpack PENDLE_USDC_PERP+0.1196%1h2.51470.000%$358K$460K15xas long as short