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: SunX against BingX−0.012%7-day average +0.044% · 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 7 days+0.037%+$4 on $10k
Price spread, last 3 days (all we have)−0.088%−$9 · spread now −0.012%, 7d avg +0.044%
Together, before fees−0.050%−$5 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: SunX is 0.056% cheaper against BingX than usual: you would sell low and buy high, −$6 on $10k if it goes back to its 7-day average of +0.044%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBingX PENDLE-USDT2.51700.0100pay 0.0100% / 8h1h 54m$36.3M
ShortSunX PENDLE-USDT2.51670.0100get 0.0100% / 8h1h 54m$2K$1.7M20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

SunX 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: −0.012% → +0.044%
−$5.6
Slippage, 4 orders
no order book: not counted
Fee BingX: 5 bp × 2 orders
−$10
Fee SunX: 4 bp × 2 orders
−$8
Net
−$23.6
Costs to cover
0.180%
Break-even
never at this rate
Slippage unknown: BingX: live order book, 14 min ago; SunX: live order book, 11 min ago. 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, 14 min ago3.19 bp11.6 bp −$1222.5 bp −$225231.0 bp −$23.1K476.8 bp −$238.4K
Sell SunX live order book, 11 min ago255.15 bpdoesn't fitdoesn't fitdoesn't fitdoesn't fit

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%1h2.4770−1.589%$2K$53K5.5xas long as short
Deribit PENDLE_USDC-PERPETUAL−0.0226%1h2.5172+0.008%$30K$10K10xas long as short
dYdX PENDLE-USD0.0000%1h2.5181+0.044%$11K5xas long as short
BloFin PENDLE-USDT+0.0021%8h2.5155−0.060%$1.3M$732K75xas long as short
Orderly PERP_PENDLE_USDC+0.0032%8h2.5164−0.024%$20K$16K10xas long as short
Reya PENDLERUSDPERP+0.0038%1h2.5167−0.010%$4K15xas long as short
MEXC PENDLE_USDT+0.0045%8h2.5150−0.079%$17.0M$2.1M125xas long as short
Binance PENDLEUSDT+0.0047%8h2.5137−0.130%$27.3M$39.6M75xas long as short
Extended PENDLE-USD+0.0048%1h2.5139−0.123%$165K$524K10xas long as short
Variational Omni PENDLE+0.0060%8h2.5103−0.267%$618K$2.0Mas long as short
Show all 30 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Lighter PENDLE+0.0096%1h2.5157−0.052%$528K$421K5xas long as short
Aevo PENDLE-PERP+0.0096%1h2.5160−0.038%$26K3xas long as short
Paradex PENDLE-USD-PERP+0.0100%8h2.5147−0.090%$35K$20K10xas long as short
Aster PENDLEUSDT+0.0100%8h2.5160−0.039%$41K$172K10xas long as short
Bybit PENDLEUSDT+0.0100%8h2.5120−0.199%$15.6M$11.9M50xas long as short
OKX PENDLE-USDT-SWAP+0.0100%4h2.5130−0.159%$3.2M$5.8M50xas long as short
Gate PENDLE_USDT+0.0100%8h2.5190+0.079%$860K$1.1M75xas long as short
KuCoin PENDLEUSDTM+0.0100%8h2.5173+0.012%$898K$605K50xas long as short
Bitget PENDLEUSDT+0.0100%8h2.5138−0.127%$3.7M$2.7M75xas long as short
BingX PENDLE-USDTlong+0.0100%8h2.5170long leg$36.3M
edgeX PENDLEUSDC+0.0100%4h2.5048−0.486%$25K$409K10xas long as short
GRVT PENDLE_USDT_Perp+0.0100%8h2.5144−0.104%$424K$1.6M10xas long as short
ApeX Omni PENDLEUSDT+0.0100%1h2.5121−0.195%$77K$240K50xas long as short
Polymarket Perps PENDLE-USD+0.0100%1h2.5178+0.032%$16K$19K5xas long as short
SunX PENDLE-USDTshort+0.0100%8h2.5167−0.012%$2K$1.7M20x
Hyperliquid PENDLE+0.0168%1h2.5206+0.143%$12.5M$5.6M5xas long as short
GMX PENDLE/USD [PENDLE-USDC]L +0.0200% / S −0.0277%1h2.5189+0.077%$5K100xas long as short
Coinbase International PENDLE-PERP-INTX+0.0592%1h2.5180+0.040%$117K$417K25xas long as short
Kraken Futures PF_PENDLEUSD+0.0747%1h2.5225+0.217%$150K$274K20xas long as short
Backpack PENDLE_USDC_PERP+0.1300%1h2.5244+0.294%$359K$460K15xas long as short