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

PENDLE

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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: KuCoin against Bitget+0.139%7-day average +0.052% · 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 7 days+0.048%+$5 on $10k
Price spread, last 7 days−0.077%−$8 · spread now +0.139%, 7d avg +0.052%
Together, before fees−0.029%−$3 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: KuCoin is 0.088% dearer against Bitget than usual: you sell high and buy low, +$9 on $10k if it goes back to its 7-day average of +0.052%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBitget PENDLEUSDT2.51310.0100pay 0.0100% / 8h2h 38m$3.7M$2.6M75x
ShortKuCoin PENDLEUSDTM2.51660.0100get 0.0100% / 8h2h 38m$912K$608K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

KuCoin 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

Funding earned
$0
Price spread: +0.139% → +0.052%
$8.75
Slippage, 4 orders
no order book: not counted
Fee Bitget: 6 bp × 2 orders
−$12
Fee KuCoin: 6 bp × 2 orders
−$12
Net
−$15.25
Costs to cover
0.240%
Break-even
never at this rate
Slippage unknown: Bitget: live order book, 4 min ago; KuCoin: live order book, 45 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 Bitget live order book, 4 min ago2.78 bp19.3 bp −$1939.3 bp −$393doesn't fitdoesn't fit
Sell KuCoin live order book, 45 min ago5.91 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−0.4806%1h2.4860−1.078%$2K$7K5.5xas long as short
Kraken Futures PF_PENDLEUSD−0.0430%1h2.5200+0.273%$150K$279K20xas long as short
Deribit PENDLE_USDC-PERPETUAL−0.0068%1h2.5155+0.095%$30K$10K10xas long as short
dYdX PENDLE-USD0.0000%1h2.5179+0.192%$11K5xas long as short
Variational Omni PENDLE+0.0019%8h2.5180+0.195%$609K$2.3Mas long as short
Reya PENDLERUSDPERP+0.0035%1h2.5166+0.137%$4K15xas long as short
Orderly PERP_PENDLE_USDC+0.0036%8h2.5169+0.151%$23K$8K10xas long as short
Extended PENDLE-USD+0.0040%1h2.5156+0.101%$165K$524K10xas long as short
Binance PENDLEUSDT+0.0042%8h2.5163+0.128%$27.4M$39.1M75xas long as short
MEXC PENDLE_USDT+0.0043%8h2.5154+0.092%$16.9M$2.2M125xas long as short
Show all 30 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BloFin PENDLE-USDT+0.0070%8h2.5144+0.052%$1.3M$743K75xas long as short
Aevo PENDLE-PERP+0.0088%1h2.5159+0.113%$26K3xas long as short
Lighter PENDLE+0.0096%1h2.5151+0.080%$544K$385K5xas long as short
Paradex PENDLE-USD-PERP+0.0100%8h2.5148+0.068%$35K$22K10xas long as short
Hyperliquid PENDLE+0.0100%1h2.5188+0.227%$12.4M$5.6M5xas long as short
Aster PENDLEUSDT+0.0100%8h2.5155+0.095%$41K$177K10xas long as short
Bybit PENDLEUSDT+0.0100%8h2.5140+0.036%$15.6M$12.2M50xas long as short
OKX PENDLE-USDT-SWAP+0.0100%4h2.5170+0.155%$3.3M$5.7M50xas long as short
Gate PENDLE_USDT+0.0100%8h2.5140+0.036%$845K$1.1M75xas long as short
KuCoin PENDLEUSDTMshort+0.0100%8h2.5166+0.139%$912K$608K50x
Bitget PENDLEUSDTlong+0.0100%8h2.5131long leg$3.7M$2.6M75x
BingX PENDLE-USDT+0.0100%8h2.5165+0.135%$36.3Mas long as short
edgeX PENDLEUSDC+0.0100%4h2.5192+0.243%$25K$411K10xas long as short
GRVT PENDLE_USDT_Perp+0.0100%8h2.5192+0.242%$416K$1.6M10xas long as short
ApeX Omni PENDLEUSDT+0.0100%1h2.5192+0.243%$77K$240K50xas long as short
Polymarket Perps PENDLE-USD+0.0100%1h2.5183+0.207%$16K$19K5xas long as short
SunX PENDLE-USDT+0.0100%8h2.5157+0.103%$1K$1.7M20xas long as short
GMX PENDLE/USD [PENDLE-USDC]L +0.0200% / S −0.0277%1h2.5180+0.194%$5K100xas long as short
Coinbase International PENDLE-PERP-INTX+0.0560%1h2.5220+0.354%$117K$433K25xas long as short
Backpack PENDLE_USDC_PERP+0.0839%1h2.5192+0.243%$365K$465K15xas long as short