PENDLE

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0103%/8h= −11.3% APRnext payment −$1.03 per $10,000 · paid last 24h −0.009%

Price spread now: Gate against Bitget+0.056%7-day average +0.017% · you sell dearer than you buy

Net, funding: paid 7d − costs−$97as in the Funding arb table

Net, price: spread back to 7d avg − costs−$93as in the Price arb table

costs, in and out, $10k−$970.973% of the position

Long on Bitget Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days+0.004%$0 on $10k

Price spread, last 4 days (all we have)+0.022%+$2 · spread now +0.056%, 7d avg +0.017%

Together, before fees+0.027%+$3 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Gate is 0.039% dearer against Bitget than usual: you sell high and buy low (spread +0.056% now, against its 7-day average of +0.017%): +$4 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 30 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget PENDLEUSDT	2.5176	0.0100	pay 0.0100% / 8h	6h 52m	$3.8M	$2.5M	75x
Short	Gate PENDLE_USDT	2.5190	−0.0003	pay 0.0003% / 8h	6h 52m	$787K	$1.2M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now +0.056%Rate

Funding earned: −$21.63
Price spread: +0.056% → +0.017%: $3.86
Slippage, 4 orders: −$70.31
Fee Bitget: 6 bp × 2 orders: −$12
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$115.08
Costs to cover: 0.973%
Break-even: never at this rate

Slippage from Bitget: live order book, 1 min ago; Gate: 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 Bitget live order book, 1 min ago	1.39 bp	27.2 bp −$27	63.4 bp −$634	doesn't fit	doesn't fit
Sell Gate live order book, 5 min ago	3.99 bp	32.0 bp −$32	180.6 bp −$1,806	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	−0.4742%	1h	2.4750	−1.692%	$2K	$54K	5.5x	as long as short
Deribit PENDLE_USDC-PERPETUAL	−0.1100%	1h	2.5157	−0.075%	$26K	$14K	10x	as long as short
ApeX Omni PENDLEUSDT	−0.0934%	1h	2.5163	−0.052%	$77K	$237K	50x	as long as short
Bybit PENDLEUSDT	−0.0155%	8h	2.5163	−0.052%	$15.4M	$12.1M	50x	as long as short
GRVT PENDLE_USDT_Perp	−0.0150%	8h	2.5038	−0.547%	$419K	$1.6M	10x	as long as short
Binance PENDLEUSDT	−0.0114%	8h	2.5194	+0.070%	$27.2M	$43.1M	75x	as long as short
MEXC PENDLE_USDT	−0.0114%	8h	2.5197	+0.083%	$17.3M	$1.8M	125x	as long as short
Extended PENDLE-USD	−0.0112%	1h	2.5159	−0.066%	$163K	$565K	10x	as long as short
BloFin PENDLE-USDT	−0.0109%	8h	2.5135	−0.163%	$1.3M	$654K	75x	as long as short
Variational Omni PENDLE	−0.0035%	8h	2.5006	−0.675%	$596K	$1.8M	—	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Orderly PERP_PENDLE_USDC	−0.0031%	8h	2.5172	−0.016%	$20K	$16K	10x	as long as short
Gate PENDLE_USDTshort	−0.0003%	8h	2.5190	+0.056%	$787K	$1.2M	75x
dYdX PENDLE-USD	0.0000%	1h	2.5176	+0.001%	$11K	—	5x	as long as short
Aster PENDLEUSDT	+0.0009%	8h	2.5182	+0.023%	$50K	$180K	10x	as long as short
Reya PENDLERUSDPERP	+0.0053%	1h	2.5182	+0.023%	$4K	—	15x	as long as short
Aevo PENDLE-PERP	+0.0056%	1h	2.5166	−0.042%	$26K	—	3x	as long as short
Lighter PENDLE	+0.0096%	1h	2.5185	+0.036%	$536K	$414K	5x	as long as short
Paradex PENDLE-USD-PERP	+0.0100%	8h	2.5194	+0.070%	$35K	$16K	10x	as long as short
OKX PENDLE-USDT-SWAP	+0.0100%	4h	2.5170	−0.024%	$3.2M	$6.2M	50x	as long as short
KuCoin PENDLEUSDTM	+0.0100%	8h	2.5207	+0.123%	$855K	$593K	50x	as long as short
Bitget PENDLEUSDTlong	+0.0100%	8h	2.5176	long leg	$3.8M	$2.5M	75x
BingX PENDLE-USDT	+0.0100%	8h	2.5164	−0.048%	—	$33.8M	—	as long as short
edgeX PENDLEUSDC	+0.0100%	4h	2.5136	−0.157%	$25K	$380K	10x	as long as short
Polymarket Perps PENDLE-USD	+0.0100%	1h	2.5216	+0.159%	$16K	$20K	5x	as long as short
SunX PENDLE-USDT	+0.0100%	8h	2.5167	−0.036%	$1K	$1.8M	20x	as long as short
Backpack PENDLE_USDC_PERP	+0.0133%	1h	2.5211	+0.139%	$353K	$485K	15x	as long as short
GMX PENDLE/USD [PENDLE-USDC]	L +0.0158% / S −0.0256%	1h	2.5206	+0.118%	$7K	—	100x	as long as short
Hyperliquid PENDLE	+0.0321%	1h	2.5246	+0.278%	$13.0M	$6.4M	5x	as long as short
Coinbase International PENDLE-PERP-INTX	+0.0632%	1h	2.5210	+0.135%	$145K	$469K	25x	as long as short
Kraken Futures PF_PENDLEUSD	+0.0864%	1h	2.5226	+0.197%	$117K	$291K	20x	as long as short