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

PENDLE

all PENDLE markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%
Price spread now: SunX against Bitget+0.110%7-day average +0.068% · 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 4 days (all we have)−0.116%−$12 · spread now +0.110%, 7d avg +0.068%
Together, before fees−0.068%−$7 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 0.043% dearer against Bitget than usual: you sell high and buy low, +$4 on $10k if it goes back to its 7-day average of +0.068%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBitget PENDLEUSDT2.44590.0100pay 0.0100% / 8h2h 43m$3.6M$2.3M75x
ShortSunX PENDLE-USDT2.44860.0100get 0.0100% / 8h2h 43m$2K$1.8M20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

SunX 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: +0.110% → +0.068%
$4.27
Slippage, 4 orders
no order book: not counted
Fee Bitget: 6 bp × 2 orders
−$12
Fee SunX: 4 bp × 2 orders
−$8
Net
−$15.73
Costs to cover
0.200%
Break-even
never at this rate
Slippage unknown: Bitget: live order book, 4 min ago; SunX: live order book, 12 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 ago3.27 bp19.0 bp −$1938.0 bp −$380doesn't fitdoesn't fit
Sell SunX live order book, 12 min ago499.11 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−0.3926%1h2.4240−0.895%$2K$54K5.5xas long as short
Gate PENDLE_USDT−0.0051%8h2.4470+0.045%$719K$1.1M75xas long as short
Orderly PERP_PENDLE_USDC−0.0036%8h2.4483+0.098%$19K$15K10xas long as short
MEXC PENDLE_USDT−0.0013%8h2.44590.000%$17.4M$2.0M125xas long as short
Binance PENDLEUSDT−0.0011%8h2.4462+0.012%$25.8M$44.3M75xas long as short
Extended PENDLE-USD−0.0008%1h2.4444−0.063%$158K$579K10xas long as short
dYdX PENDLE-USD0.0000%1h2.4505+0.188%$10K5xas long as short
Deribit PENDLE_USDC-PERPETUAL0.0000%1h2.4487+0.114%$24K$15K10xas long as short
BloFin PENDLE-USDT+0.0004%8h2.4465+0.025%$1.1M$600K75xas long as short
ApeX Omni PENDLEUSDT+0.0047%1h2.4479+0.082%$74K$233K50xas long as short
Show all 30 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Reya PENDLERUSDPERP+0.0073%1h2.4476+0.068%$3K15xas long as short
Aevo PENDLE-PERP+0.0080%1h2.4476+0.069%$26K3xas long as short
Aster PENDLEUSDT+0.0088%8h2.4470+0.044%$46K$171K10xas long as short
GRVT PENDLE_USDT_Perp+0.0090%8h2.4483+0.096%$413K$2.1M10xas long as short
Lighter PENDLE+0.0096%1h2.4475+0.065%$516K$415K5xas long as short
Paradex PENDLE-USD-PERP+0.0100%8h2.4477+0.072%$34K$9K10xas long as short
Hyperliquid PENDLE+0.0100%1h2.4504+0.184%$12.6M$6.1M5xas long as short
Bybit PENDLEUSDT+0.0100%8h2.4450−0.037%$14.3M$12.0M50xas long as short
OKX PENDLE-USDT-SWAP+0.0100%4h2.4480+0.086%$3.1M$6.4M50xas long as short
KuCoin PENDLEUSDTM+0.0100%8h2.4491+0.131%$862K$555K50xas long as short
Bitget PENDLEUSDTlong+0.0100%8h2.4459long leg$3.6M$2.3M75x
BingX PENDLE-USDT+0.0100%8h2.4471+0.049%$8.4Mas long as short
Variational Omni PENDLE+0.0100%8h2.4451−0.034%$549K$1.4Mas long as short
edgeX PENDLEUSDC+0.0100%4h2.4469+0.039%$24K$376K10xas long as short
Polymarket Perps PENDLE-USD+0.0100%1h2.4501+0.172%$16K$7K5xas long as short
SunX PENDLE-USDTshort+0.0100%8h2.4486+0.110%$2K$1.8M20x
GMX PENDLE/USD [PENDLE-USDC]L +0.0196% / S −0.0222%1h2.4480+0.087%$5K100xas long as short
Backpack PENDLE_USDC_PERP+0.0566%1h2.4527+0.278%$354K$402K15xas long as short
Coinbase International PENDLE-PERP-INTX+0.0592%1h2.4530+0.290%$154K$520K25xas long as short
Kraken Futures PF_PENDLEUSD+0.1190%1h2.4527+0.278%$115K$263K20xas long as short