PENDLE

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0017%/8h= −1.9% APRnext payment −$0.17 per $10,000 · paid last 24h +0.001%

Price spread now: Binance against BloFin−0.003%61s7-day average +0.012% · you buy dearer than you sell

Net, funding: paid 7d − costs−$49as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$490.494% of the position

Long on BloFin Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days+0.002%$0 on $10k

Price spread, last 4 days (all we have)−0.068%−$7 · spread now −0.003%, 7d avg +0.012%

Together, before fees−0.066%−$7 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.012%, so right now this pair is about funding alone: −$1 a day on $10k at the current rate. The two prices were read 61 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin PENDLE-USDT	2.4577	0.0054	pay 0.0054% / 8h	2h 00m	$1.1M	$531K	75x
Short	Binance PENDLEUSDT	2.4576	0.0037	get 0.0037% / 8h	2h 00m	$25.9M	$44.9M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against BloFin. 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 BloFinbpFee BinancebpOrdersPrice spread, now −0.003%Rate

Funding earned: −$3.61
Price spread: −0.003% → +0.012%: −$1.51
Slippage, 4 orders: −$27.36
Fee BloFin: 6 bp × 2 orders: −$12
Fee Binance: 5 bp × 2 orders: −$10
Net: −$54.48
Costs to cover: 0.494%
Break-even: never at this rate

Slippage from BloFin: live order book, 2 min ago; Binance: live order book, 12 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 BloFin live order book, 2 min ago	2.03 bp	13.8 bp −$14	27.0 bp −$270	doesn't fit	doesn't fit
Sell Binance live order book, 12 min ago	0.20 bp	10.3 bp −$10	23.3 bp −$233	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	−0.3926%	1h	2.4410	−0.679%	$2K	$54K	5.5x	as long as short
Deribit PENDLE_USDC-PERPETUAL	−0.0238%	1h	2.4588	+0.045%	$25K	$16K	10x	as long as short
Orderly PERP_PENDLE_USDC	−0.0034%	8h	2.4582	+0.020%	$19K	$15K	10x	as long as short
Gate PENDLE_USDT	−0.0001%	8h	2.4580	+0.012%	$751K	$1.1M	75x	as long as short
dYdX PENDLE-USD	0.0000%	1h	2.4585	+0.033%	$10K	—	5x	as long as short
MEXC PENDLE_USDT	+0.0036%	8h	2.4580	+0.012%	$17.5M	$2.0M	125x	as long as short
Binance PENDLEUSDTshort	+0.0037%	8h	2.4576	−0.003%	$25.9M	$44.9M	75x
Extended PENDLE-USD	+0.0040%	1h	2.4574	−0.013%	$160K	$574K	10x	as long as short
BloFin PENDLE-USDTlong	+0.0054%	8h	2.4577	long leg	$1.1M	$531K	75x
Reya PENDLERUSDPERP	+0.0076%	1h	2.4582	+0.020%	$3K	—	15x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aevo PENDLE-PERP	+0.0088%	1h	2.4583	+0.026%	$26K	—	3x	as long as short
Lighter PENDLE	+0.0096%	1h	2.4586	+0.037%	$520K	$427K	5x	as long as short
Paradex PENDLE-USD-PERP	+0.0100%	8h	2.4575	−0.010%	$34K	$9K	10x	as long as short
Hyperliquid PENDLE	+0.0100%	1h	2.4620	+0.175%	$12.7M	$6.1M	5x	as long as short
Aster PENDLEUSDT	+0.0100%	8h	2.4585	+0.031%	$47K	$170K	10x	as long as short
Bybit PENDLEUSDT	+0.0100%	8h	2.4570	−0.028%	$14.3M	$12.2M	50x	as long as short
OKX PENDLE-USDT-SWAP	+0.0100%	4h	2.4570	−0.028%	$3.1M	$6.6M	50x	as long as short
KuCoin PENDLEUSDTM	+0.0100%	8h	2.4601	+0.098%	$880K	$561K	50x	as long as short
Bitget PENDLEUSDT	+0.0100%	8h	2.4579	+0.008%	$3.8M	$2.4M	75x	as long as short
BingX PENDLE-USDT	+0.0100%	8h	2.4575	−0.008%	—	$8.4M	—	as long as short
Variational Omni PENDLE	+0.0100%	8h	2.4560	−0.067%	$562K	$1.4M	—	as long as short
edgeX PENDLEUSDC	+0.0100%	4h	2.4538	−0.160%	$24K	$373K	10x	as long as short
GRVT PENDLE_USDT_Perp	+0.0100%	8h	2.4544	−0.134%	$413K	$2.2M	10x	as long as short
ApeX Omni PENDLEUSDT	+0.0100%	1h	2.4599	+0.090%	$75K	$233K	50x	as long as short
Polymarket Perps PENDLE-USD	+0.0100%	1h	2.4600	+0.094%	$16K	$7K	5x	as long as short
SunX PENDLE-USDT	+0.0100%	8h	2.4586	+0.037%	$1K	$1.8M	20x	as long as short
GMX PENDLE/USD [PENDLE-USDC]	L +0.0196% / S −0.0222%	1h	2.4593	+0.066%	$5K	—	100x	as long as short
Coinbase International PENDLE-PERP-INTX	+0.0592%	1h	2.4650	+0.297%	$161K	$539K	25x	as long as short
Backpack PENDLE_USDC_PERP	+0.0791%	1h	2.4625	+0.195%	$354K	$432K	15x	as long as short
Kraken Futures PF_PENDLEUSD	+0.1185%	1h	2.4626	+0.198%	$116K	$264K	20x	as long as short