PENDLE

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0154%/8h= −16.9% APRnext payment −$1.54 per $10,000 · paid last 24h −0.004%

Price spread now: BloFin against Bitget+0.004%7-day average +0.051% · you sell dearer than you buy

Net, funding: paid 7d − costs−$67as in the Funding arb table

Net, price: spread back to 7d avg − costs−$69as in the Price arb table

costs, in and out, $10k−$640.641% of the position

Long on Bitget Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.024%−$2 on $10k

Price spread, last 3 days (all we have)+0.125%+$12 · spread now +0.004%, 7d avg +0.051%

Together, before fees+0.101%+$10 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$5 a day on $10k at the current rate, and BloFin is 0.047% cheaper against Bitget than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of +0.051%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget PENDLEUSDT	2.5197	0.0100	pay 0.0100% / 8h	34m 56s	$3.7M	$2.7M	75x
Short	BloFin PENDLE-USDT	2.5198	−0.0054	pay 0.0054% / 8h	34m 56s	$1.3M	$752K	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin against Bitget. 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 BitgetbpFee BloFinbpOrdersPrice spread, now +0.004%Rate

Funding earned: −$32.32
Price spread: +0.004% → +0.051%: −$4.67
Slippage, 4 orders: −$40.09
Fee Bitget: 6 bp × 2 orders: −$12
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$101.08
Costs to cover: 0.641%
Break-even: never at this rate

Slippage from Bitget: live order book, 3 min ago; BloFin: live order book, 3 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	4.96 bp	19.0 bp −$19	45.7 bp −$457	doesn't fit	doesn't fit
Sell BloFin live order book, 3 min ago	0.20 bp	15.0 bp −$15	25.5 bp −$255	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	−0.5000%	1h	2.4940	−1.020%	$2K	$54K	5.5x	as long as short
Deribit PENDLE_USDC-PERPETUAL	−0.0503%	1h	2.5223	+0.103%	$30K	$10K	10x	as long as short
ApeX Omni PENDLEUSDT	−0.0090%	1h	2.5215	+0.071%	$77K	$239K	50x	as long as short
BloFin PENDLE-USDTshort	−0.0054%	8h	2.5198	+0.004%	$1.3M	$752K	75x
Binance PENDLEUSDT	−0.0027%	8h	2.5216	+0.075%	$27.3M	$41.9M	75x	as long as short
MEXC PENDLE_USDT	−0.0026%	8h	2.5215	+0.071%	$17.1M	$1.9M	125x	as long as short
Extended PENDLE-USD	−0.0024%	1h	2.5206	+0.038%	$166K	$528K	10x	as long as short
dYdX PENDLE-USD	0.0000%	1h	2.5242	+0.177%	$11K	—	5x	as long as short
Orderly PERP_PENDLE_USDC	0.0000%	8h	2.5214	+0.067%	$20K	$16K	10x	as long as short
Variational Omni PENDLE	+0.0043%	8h	2.5187	−0.039%	$594K	$1.9M	—	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Reya PENDLERUSDPERP	+0.0045%	1h	2.5204	+0.027%	$4K	—	15x	as long as short
GRVT PENDLE_USDT_Perp	+0.0050%	8h	2.5225	+0.110%	$418K	$1.6M	10x	as long as short
Aevo PENDLE-PERP	+0.0072%	1h	2.5215	+0.071%	$26K	—	3x	as long as short
Lighter PENDLE	+0.0096%	1h	2.5228	+0.123%	$531K	$415K	5x	as long as short
Paradex PENDLE-USD-PERP	+0.0100%	8h	2.5203	+0.022%	$35K	$18K	10x	as long as short
Aster PENDLEUSDT	+0.0100%	8h	2.5238	+0.164%	$46K	$177K	10x	as long as short
Bybit PENDLEUSDT	+0.0100%	8h	2.5202	+0.020%	$15.5M	$11.9M	50x	as long as short
OKX PENDLE-USDT-SWAP	+0.0100%	4h	2.5200	+0.012%	$3.3M	$6.1M	50x	as long as short
Gate PENDLE_USDT	+0.0100%	8h	2.5210	+0.052%	$783K	$1.2M	75x	as long as short
KuCoin PENDLEUSDTM	+0.0100%	8h	2.5245	+0.190%	$893K	$600K	50x	as long as short
Bitget PENDLEUSDTlong	+0.0100%	8h	2.5197	long leg	$3.7M	$2.7M	75x
BingX PENDLE-USDT	+0.0100%	8h	2.5216	+0.075%	—	$35.7M	—	as long as short
edgeX PENDLEUSDC	+0.0100%	4h	2.5204	+0.027%	$25K	$396K	10x	as long as short
Polymarket Perps PENDLE-USD	+0.0100%	1h	2.5228	+0.123%	$16K	$20K	5x	as long as short
SunX PENDLE-USDT	+0.0100%	8h	2.5210	+0.052%	$2K	$1.8M	20x	as long as short
GMX PENDLE/USD [PENDLE-USDC]	L +0.0199% / S −0.0256%	1h	2.5229	+0.128%	$5K	—	100x	as long as short
Hyperliquid PENDLE	+0.0225%	1h	2.5282	+0.337%	$12.7M	$6.1M	5x	as long as short
Kraken Futures PF_PENDLEUSD	+0.0594%	1h	2.5277	+0.316%	$120K	$299K	20x	as long as short
Coinbase International PENDLE-PERP-INTX	+0.0600%	1h	2.5340	+0.568%	$141K	$458K	25x	as long as short
Backpack PENDLE_USDC_PERP	+0.0835%	1h	2.5267	+0.278%	$329K	$491K	15x	as long as short