Funding you earn now, next payment 08:00 UTC−0.0157%/8h= −17.2% APRnext payment −$1.57 per $10,000 · paid last 24h −0.017%
Price spread now: Binance against Bitget+0.066%7-day average +0.080% · you sell dearer than you buy
Net, funding: paid 7d − costs−$63as in the Funding arb table
Net, price: spread back to 7d avg − costs−$61as in the Price arb table
costs, in and out, $10k−$590.592% of the position
Funding, last 7 days−0.036%−$4 on $10k
+Price spread, last 7 days+0.051%+$5 · spread now +0.066%, 7d avg +0.080%
=The price spread sits at its 7-day average of +0.080%, so right now this pair is about funding alone: −$5 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bitget PENDLEUSDT | 2.4569 | 0.0100 | pay 0.0100% / 8h | 3h 34m | $3.7M | $2.3M | 75x |
| Short | Binance PENDLEUSDT | 2.4585 | −0.0057 | pay 0.0057% / 8h | 3h 34m | $26.0M | $44.0M | 75x |
Bitget PENDLEUSDT
Binance PENDLEUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against Bitget. 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
- −$32.96
- Price spread: +0.066% → +0.080%
- −$1.38
- Slippage, 4 orders
- −$37.2
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$93.54
- Costs to cover
- 0.592%
- Break-even
- never at this rate
Slippage from Bitget: live order book, 3 min ago; Binance: live order book, 8 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 Bitget live order book, 3 min ago | 3.86 bp | 12.1 bp −$12 | 25.6 bp −$256 | doesn't fit | doesn't fit |
| Sell Binance live order book, 8 min ago | 0.41 bp | 13.7 bp −$14 | 30.9 bp −$309 | 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 | −0.4243% | 1h | 2.4260 | −1.258% | $2K | $54K | 5.5x | as long as short |
| Deribit PENDLE_USDC-PERPETUAL | −0.0238% | 1h | 2.4588 | +0.077% | $25K | $14K | 10x | as long as short |
| ApeX Omni PENDLEUSDT | −0.0175% | 1h | 2.4607 | +0.155% | $75K | $234K | 50x | as long as short |
| MEXC PENDLE_USDT | −0.0059% | 8h | 2.4600 | +0.126% | $17.4M | $2.0M | 125x | as long as short |
| Binance PENDLEUSDTshort | −0.0057% | 8h | 2.4585 | +0.066% | $26.0M | $44.0M | 75x | |
| Extended PENDLE-USD | −0.0056% | 1h | 2.4565 | −0.016% | $158K | $581K | 10x | as long as short |
| Gate PENDLE_USDT | −0.0046% | 8h | 2.4600 | +0.126% | $720K | $1.1M | 75x | as long as short |
| Orderly PERP_PENDLE_USDC | −0.0040% | 8h | 2.4577 | +0.033% | $19K | $15K | 10x | as long as short |
| BloFin PENDLE-USDT | −0.0036% | 8h | 2.4602 | +0.134% | $1.1M | $596K | 75x | as long as short |
| Aster PENDLEUSDT | −0.0010% | 8h | 2.4670 | +0.411% | $47K | $172K | 10x | as long as short |
Injective PENDLE/USDC PERP
Deribit PENDLE_USDC-PERPETUAL
ApeX Omni PENDLEUSDT
MEXC PENDLE_USDT
Extended PENDLE-USD
Gate PENDLE_USDT
Orderly PERP_PENDLE_USDC
BloFin PENDLE-USDT
Aster PENDLEUSDTShow all 30 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| dYdX PENDLE-USD | 0.0000% | 1h | 2.4600 | +0.127% | $10K | — | 5x | as long as short |
| GRVT PENDLE_USDT_Perp | +0.0034% | 8h | 2.4538 | −0.125% | $407K | $2.0M | 10x | as long as short |
| Aevo PENDLE-PERP | +0.0064% | 1h | 2.4569 | 0.000% | $26K | — | 3x | as long as short |
| Variational Omni PENDLE | +0.0066% | 8h | 2.4571 | +0.007% | $552K | $1.4M | — | as long as short |
| Reya PENDLERUSDPERP | +0.0069% | 1h | 2.4581 | +0.051% | $3K | — | 15x | as long as short |
| Lighter PENDLE | +0.0096% | 1h | 2.4612 | +0.175% | $516K | $428K | 5x | as long as short |
| Paradex PENDLE-USD-PERP | +0.0100% | 8h | 2.4587 | +0.071% | $34K | $11K | 10x | as long as short |
| Hyperliquid PENDLE | +0.0100% | 1h | 2.4638 | +0.281% | $12.8M | $6.1M | 5x | as long as short |
| Bybit PENDLEUSDT | +0.0100% | 8h | 2.4570 | +0.004% | $14.4M | $12.1M | 50x | as long as short |
| OKX PENDLE-USDT-SWAP | +0.0100% | 4h | 2.4600 | +0.126% | $3.1M | $6.4M | 50x | as long as short |
| KuCoin PENDLEUSDTM | +0.0100% | 8h | 2.4611 | +0.171% | $884K | $551K | 50x | as long as short |
| Bitget PENDLEUSDTlong | +0.0100% | 8h | 2.4569 | long leg | $3.7M | $2.3M | 75x | |
| BingX PENDLE-USDT | +0.0100% | 8h | 2.4593 | +0.098% | — | $8.5M | — | as long as short |
| edgeX PENDLEUSDC | +0.0100% | 4h | 2.4603 | +0.138% | $24K | $376K | 10x | as long as short |
| Polymarket Perps PENDLE-USD | +0.0100% | 1h | 2.4618 | +0.199% | $16K | $7K | 5x | as long as short |
| SunX PENDLE-USDT | +0.0100% | 8h | 2.4587 | +0.073% | $2K | $1.8M | 20x | as long as short |
| GMX PENDLE/USD [PENDLE-USDC] | L +0.0196% / S −0.0222% | 1h | 2.4593 | +0.096% | $5K | — | 100x | as long as short |
| Coinbase International PENDLE-PERP-INTX | +0.0640% | 1h | 2.4620 | +0.208% | $146K | $501K | 25x | as long as short |
| Backpack PENDLE_USDC_PERP | +0.0701% | 1h | 2.4651 | +0.334% | $358K | $400K | 15x | as long as short |
| Kraken Futures PF_PENDLEUSD | +0.1182% | 1h | 2.4623 | +0.221% | $115K | $268K | 20x | as long as short |
dYdX PENDLE-USD
GRVT PENDLE_USDT_Perp
Aevo PENDLE-PERP
Variational Omni PENDLE
Reya PENDLERUSDPERP
Lighter PENDLE
Paradex PENDLE-USD-PERP
Hyperliquid PENDLE
Bybit PENDLEUSDT
OKX PENDLE-USDT-SWAP
KuCoin PENDLEUSDTM
BingX PENDLE-USDT
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