PENDLE

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0059%/8h= +6.5% APRnext payment +$0.59 per $10,000 · paid last 24h +0.004%

Price spread now: BingX against BloFin−0.060%7-day average −0.034% · you buy dearer than you sell

Net, funding: paid 7d − costs−$50as in the Funding arb table

Net, price: spread back to 7d avg − costs−$56as in the Price arb table

costs, in and out, $10k−$540.537% of the position

Long on BloFin Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.035%+$4 on $10k

Price spread, last 3 days (all we have)−0.208%−$21 · spread now −0.060%, 7d avg −0.034%

Together, before fees−0.173%−$17 on $10k · with fees, hour by hour

Funding pays, the price is against you. BingX is 0.026% cheaper against BloFin than usual: you would sell low and buy high (spread −0.060% now, against its 7-day average of −0.034%). If the spread goes back, that is −$3 on $10k: about 35 hours of funding at the current rate (+$2 a day). At the pace of the last 7 days (+0.035% in total) that is about 5.1 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin PENDLE-USDT	2.5191	0.0041	pay 0.0041% / 8h	2h 52m	$1.3M	$799K	75x
Short	BingX PENDLE-USDT	2.5176	0.0100	get 0.0100% / 8h	2h 52m	—	$36.3M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX 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 BingXbpOrdersPrice spread, now −0.060%Rate

Funding earned: $12.42
Price spread: −0.060% → −0.034%: −$2.57
Slippage, 4 orders: −$31.68
Fee BloFin: 6 bp × 2 orders: −$12
Fee BingX: 5 bp × 2 orders: −$10
Net: −$43.82
Costs to cover: 0.537%
Break-even: 31.7 days

Slippage from BloFin: live order book, 5 min ago; BingX: live order book, 16 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, 5 min ago	0.20 bp	14.1 bp −$14	31.0 bp −$310	doesn't fit	doesn't fit
Sell BingX live order book, 16 min ago	4.15 bp	14.1 bp −$14	25.2 bp −$252	122.3 bp −$12.2K	405.4 bp −$202.7K

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	−0.4806%	1h	2.4860	−1.314%	$2K	$7K	5.5x	as long as short
Kraken Futures PF_PENDLEUSD	−0.0429%	1h	2.5207	+0.063%	$159K	$259K	20x	as long as short
Deribit PENDLE_USDC-PERPETUAL	−0.0067%	1h	2.5209	+0.071%	$30K	$10K	10x	as long as short
dYdX PENDLE-USD	0.0000%	1h	2.5190	−0.005%	$11K	—	5x	as long as short
Variational Omni PENDLE	+0.0010%	8h	2.5125	−0.262%	$607K	$2.3M	—	as long as short
Reya PENDLERUSDPERP	+0.0033%	1h	2.5206	+0.058%	$4K	—	15x	as long as short
Orderly PERP_PENDLE_USDC	+0.0035%	8h	2.5203	+0.048%	$23K	$8K	10x	as long as short
MEXC PENDLE_USDT	+0.0035%	8h	2.5179	−0.048%	$16.9M	$2.2M	125x	as long as short
Binance PENDLEUSDT	+0.0037%	8h	2.5168	−0.091%	$27.5M	$38.9M	75x	as long as short
Extended PENDLE-USD	+0.0040%	1h	2.5180	−0.042%	$165K	$524K	10x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BloFin PENDLE-USDTlong	+0.0041%	8h	2.5191	long leg	$1.3M	$799K	75x
Aster PENDLEUSDT	+0.0078%	8h	2.5197	+0.025%	$41K	$177K	10x	as long as short
Aevo PENDLE-PERP	+0.0088%	1h	2.5200	+0.037%	$26K	—	3x	as long as short
Lighter PENDLE	+0.0096%	1h	2.5172	−0.075%	$551K	$376K	5x	as long as short
Paradex PENDLE-USD-PERP	+0.0100%	8h	2.5198	+0.026%	$35K	$22K	10x	as long as short
Hyperliquid PENDLE	+0.0100%	1h	2.5200	+0.036%	$12.4M	$5.5M	5x	as long as short
Bybit PENDLEUSDT	+0.0100%	8h	2.5150	−0.163%	$15.6M	$12.2M	50x	as long as short
OKX PENDLE-USDT-SWAP	+0.0100%	4h	2.5170	−0.083%	$3.3M	$5.6M	50x	as long as short
Gate PENDLE_USDT	+0.0100%	8h	2.5170	−0.083%	$848K	$1.1M	75x	as long as short
KuCoin PENDLEUSDTM	+0.0100%	8h	2.5205	+0.056%	$909K	$607K	50x	as long as short
Bitget PENDLEUSDT	+0.0100%	8h	2.5188	−0.012%	$3.8M	$2.6M	75x	as long as short
BingX PENDLE-USDTshort	+0.0100%	8h	2.5176	−0.060%	—	$36.3M	—
edgeX PENDLEUSDC	+0.0100%	4h	2.5194	+0.012%	$25K	$411K	10x	as long as short
GRVT PENDLE_USDT_Perp	+0.0100%	8h	2.5218	+0.107%	$416K	$1.6M	10x	as long as short
ApeX Omni PENDLEUSDT	+0.0100%	1h	2.5100	−0.361%	$77K	$239K	50x	as long as short
Polymarket Perps PENDLE-USD	+0.0100%	1h	2.5213	+0.087%	$16K	$19K	5x	as long as short
SunX PENDLE-USDT	+0.0100%	8h	2.5213	+0.087%	$2K	$1.7M	20x	as long as short
GMX PENDLE/USD [PENDLE-USDC]	L +0.0200% / S −0.0277%	1h	2.5207	+0.065%	$5K	—	100x	as long as short
Coinbase International PENDLE-PERP-INTX	+0.0560%	1h	2.5270	+0.314%	$118K	$440K	25x	as long as short
Backpack PENDLE_USDC_PERP	+0.0802%	1h	2.5253	+0.246%	$366K	$466K	15x	as long as short