PENDLE

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0172%/8h= +18.8% APRnext payment +$1.72 per $10,000 · paid last 24h +0.018%

Price spread now: KuCoin against BloFin+0.036%110s7-day average −0.001% · you sell dearer than you buy

Net, funding: paid 7d − costs−$88as 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−$970.966% of the position

Long on BloFin Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.086%+$9 on $10k

Price spread, last 4 days (all we have)−0.159%−$16 · spread now +0.036%, 7d avg −0.001%

Together, before fees−0.073%−$7 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$5 a day on $10k at the current rate, and KuCoin is 0.038% dearer against BloFin than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of −0.001%. The two prices were read 110 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	2.4672	−0.0072	get 0.0072% / 8h	4h 45m	$1.3M	$627K	75x
Short	KuCoin PENDLEUSDTM	2.4681	0.0100	get 0.0100% / 8h	4h 45m	$868K	$583K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now +0.036%Rate

Funding earned: $36.04
Price spread: +0.036% → −0.001%: $3.77
Slippage, 4 orders: −$72.56
Fee BloFin: 6 bp × 2 orders: −$12
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$56.75
Costs to cover: 0.966%
Break-even: 18.0 days

Slippage from BloFin: live order book, 2 min ago; KuCoin: live order book, 59 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	0.41 bp	12.4 bp −$12	19.5 bp −$195	doesn't fit	doesn't fit
Sell KuCoin live order book, 59 min ago	9.46 bp	28.4 bp −$28	141.9 bp −$1,419	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	−0.4334%	1h	2.4400	−1.102%	$2K	$54K	5.5x	as long as short
Extended PENDLE-USD	−0.0072%	1h	2.4648	−0.095%	$161K	$570K	10x	as long as short
BloFin PENDLE-USDTlong	−0.0072%	8h	2.4672	long leg	$1.3M	$627K	75x
MEXC PENDLE_USDT	−0.0068%	8h	2.4665	−0.028%	$17.4M	$1.9M	125x	as long as short
Binance PENDLEUSDT	−0.0066%	8h	2.4666	−0.024%	$26.2M	$43.9M	75x	as long as short
Aster PENDLEUSDT	−0.0042%	8h	2.4675	+0.013%	$47K	$178K	10x	as long as short
Orderly PERP_PENDLE_USDC	−0.0035%	8h	2.4667	−0.020%	$19K	$15K	10x	as long as short
Gate PENDLE_USDT	−0.0026%	8h	2.4650	−0.089%	$716K	$1.1M	75x	as long as short
dYdX PENDLE-USD	0.0000%	1h	2.4690	+0.072%	$10K	—	5x	as long as short
Deribit PENDLE_USDC-PERPETUAL	0.0000%	1h	2.4680	+0.032%	$25K	$14K	10x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni PENDLE	+0.0039%	8h	2.4660	−0.047%	$563K	$1.7M	—	as long as short
Reya PENDLERUSDPERP	+0.0063%	1h	2.4670	−0.010%	$3K	—	15x	as long as short
Aevo PENDLE-PERP	+0.0064%	1h	2.4668	−0.014%	$26K	—	3x	as long as short
GRVT PENDLE_USDT_Perp	+0.0075%	8h	2.4640	−0.130%	$413K	$1.8M	10x	as long as short
Lighter PENDLE	+0.0096%	1h	2.4664	−0.032%	$527K	$414K	5x	as long as short
Paradex PENDLE-USD-PERP	+0.0100%	8h	2.4648	−0.098%	$34K	$13K	10x	as long as short
Bybit PENDLEUSDT	+0.0100%	8h	2.4670	−0.008%	$14.7M	$12.2M	50x	as long as short
OKX PENDLE-USDT-SWAP	+0.0100%	4h	2.4670	−0.008%	$3.1M	$6.1M	50x	as long as short
KuCoin PENDLEUSDTMshort	+0.0100%	8h	2.4681	+0.036%	$868K	$583K	50x
Bitget PENDLEUSDT	+0.0100%	8h	2.4652	−0.081%	$3.7M	$2.4M	75x	as long as short
BingX PENDLE-USDT	+0.0100%	8h	2.4654	−0.073%	—	$8.6M	—	as long as short
edgeX PENDLEUSDC	+0.0100%	4h	2.4669	−0.011%	$24K	$379K	10x	as long as short
ApeX Omni PENDLEUSDT	+0.0100%	1h	2.4684	+0.049%	$75K	$234K	50x	as long as short
Polymarket Perps PENDLE-USD	+0.0100%	1h	2.4689	+0.069%	$16K	$8K	5x	as long as short
SunX PENDLE-USDT	+0.0100%	8h	2.4669	−0.012%	$2K	$1.8M	20x	as long as short
GMX PENDLE/USD [PENDLE-USDC]	L +0.0196% / S −0.0222%	1h	2.4670	−0.007%	$5K	—	100x	as long as short
Hyperliquid PENDLE	+0.0416%	1h	2.4715	+0.174%	$12.6M	$6.1M	5x	as long as short
Backpack PENDLE_USDC_PERP	+0.0501%	1h	2.4736	+0.259%	$356K	$477K	15x	as long as short
Coinbase International PENDLE-PERP-INTX	+0.0608%	1h	2.4710	+0.154%	$147K	$492K	25x	as long as short
Kraken Futures PF_PENDLEUSD	+0.1177%	1h	2.4698	+0.107%	$115K	$278K	20x	as long as short