Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.037%
Price spread now: BingX against Bybit+0.016%7-day average +0.023% · you sell dearer than you buy
Net, funding: paid 7d − costs−$62as in the Funding arb table
Net, price: spread back to 7d avg − costs−$77as in the Price arb table
costs, in and out, $10k−$770.768% of the position
Funding, last 7 days+0.151%+$15 on $10k
+Price spread, last 7 days+0.033%+$3 · spread now +0.016%, 7d avg +0.023%
=| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit PENDLEUSDT | 2.5064 | 0.0100 | pay 0.0100% / 8h | 2h 12m | $15.5M | $12.0M | 50x |
| Short | BingX PENDLE-USDT | 2.5068 | 0.0100 | get 0.0100% / 8h | 2h 12m | — | $36.3M | — |
Bybit PENDLEUSDT
BingX PENDLE-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BingX against Bybit. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $0
- Price spread: +0.016% → +0.023%
- −$0.67
- Slippage, 4 orders
- −$55.78
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- −$77.45
- Costs to cover
- 0.768%
- Break-even
- never at this rate
Slippage from Bybit: live order book, 5 min ago; BingX: live order book, 11 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 Bybit live order book, 5 min ago | 3.97 bp | 22.5 bp −$23 | 54.7 bp −$547 | doesn't fit | doesn't fit |
| Sell BingX live order book, 11 min ago | 3.56 bp | 12.9 bp −$13 | 23.1 bp −$231 | 128.2 bp −$12.8K | 409.4 bp −$204.7K |
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 | 2.4840 | −0.894% | $2K | $53K | 5.5x | as long as short |
| Kraken Futures PF_PENDLEUSD | −0.0431% | 1h | 2.5097 | +0.132% | $149K | $277K | 20x | as long as short |
| Deribit PENDLE_USDC-PERPETUAL | −0.0228% | 1h | 2.5091 | +0.108% | $30K | $10K | 10x | as long as short |
| dYdX PENDLE-USD | 0.0000% | 1h | 2.5150 | +0.343% | $11K | — | 5x | as long as short |
| Orderly PERP_PENDLE_USDC | +0.0034% | 8h | 2.5086 | +0.088% | $25K | $11K | 10x | as long as short |
| Reya PENDLERUSDPERP | +0.0037% | 1h | 2.5077 | +0.053% | $4K | — | 15x | as long as short |
| Extended PENDLE-USD | +0.0040% | 1h | 2.5075 | +0.043% | $165K | $524K | 10x | as long as short |
| MEXC PENDLE_USDT | +0.0043% | 8h | 2.5070 | +0.024% | $16.9M | $2.3M | 125x | as long as short |
| Binance PENDLEUSDT | +0.0044% | 8h | 2.5073 | +0.036% | $27.2M | $39.5M | 75x | as long as short |
| BloFin PENDLE-USDT | +0.0046% | 8h | 2.5067 | +0.012% | $1.3M | $738K | 75x | as long as short |
Injective PENDLE/USDC PERP
Kraken Futures PF_PENDLEUSD
Deribit PENDLE_USDC-PERPETUAL
dYdX PENDLE-USD
Orderly PERP_PENDLE_USDC
Reya PENDLERUSDPERP
Extended PENDLE-USD
MEXC PENDLE_USDT
Binance PENDLEUSDT
BloFin PENDLE-USDTShow all 30 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni PENDLE | +0.0055% | 8h | 2.5174 | +0.438% | $619K | $2.1M | — | as long as short |
| ApeX Omni PENDLEUSDT | +0.0077% | 1h | 2.5130 | +0.263% | $77K | $239K | 50x | as long as short |
| Aevo PENDLE-PERP | +0.0088% | 1h | 2.5084 | +0.078% | $26K | — | 3x | as long as short |
| Lighter PENDLE | +0.0096% | 1h | 2.5088 | +0.096% | $544K | $397K | 5x | as long as short |
| Paradex PENDLE-USD-PERP | +0.0100% | 8h | 2.5089 | +0.098% | $35K | $22K | 10x | as long as short |
| Hyperliquid PENDLE | +0.0100% | 1h | 2.5075 | +0.044% | $12.3M | $5.6M | 5x | as long as short |
| Aster PENDLEUSDT | +0.0100% | 8h | 2.5052 | −0.048% | $41K | $172K | 10x | as long as short |
| Bybit PENDLEUSDTlong | +0.0100% | 8h | 2.5064 | long leg | $15.5M | $12.0M | 50x | |
| OKX PENDLE-USDT-SWAP | +0.0100% | 4h | 2.5100 | +0.144% | $3.2M | $5.7M | 50x | as long as short |
| Gate PENDLE_USDT | +0.0100% | 8h | 2.5040 | −0.096% | $848K | $1.1M | 75x | as long as short |
| KuCoin PENDLEUSDTM | +0.0100% | 8h | 2.5071 | +0.028% | $892K | $606K | 50x | as long as short |
| Bitget PENDLEUSDT | +0.0100% | 8h | 2.5062 | −0.008% | $3.7M | $2.6M | 75x | as long as short |
| BingX PENDLE-USDTshort | +0.0100% | 8h | 2.5068 | +0.016% | — | $36.3M | — | |
| edgeX PENDLEUSDC | +0.0100% | 4h | 2.5135 | +0.283% | $25K | $413K | 10x | as long as short |
| GRVT PENDLE_USDT_Perp | +0.0100% | 8h | 2.5173 | +0.437% | $425K | $1.6M | 10x | as long as short |
| Polymarket Perps PENDLE-USD | +0.0100% | 1h | 2.5111 | +0.188% | $16K | $19K | 5x | as long as short |
| SunX PENDLE-USDT | +0.0100% | 8h | 2.5097 | +0.132% | $2K | $1.7M | 20x | as long as short |
| GMX PENDLE/USD [PENDLE-USDC] | L +0.0200% / S −0.0277% | 1h | 2.5089 | +0.100% | $5K | — | 100x | as long as short |
| Coinbase International PENDLE-PERP-INTX | +0.0560% | 1h | 2.5210 | +0.583% | $116K | $419K | 25x | as long as short |
| Backpack PENDLE_USDC_PERP | +0.0841% | 1h | 2.5083 | +0.076% | $362K | $460K | 15x | as long as short |
Variational Omni PENDLE
ApeX Omni PENDLEUSDT
Aevo PENDLE-PERP
Lighter PENDLE
Paradex PENDLE-USD-PERP
Hyperliquid PENDLE
Aster PENDLEUSDT
OKX PENDLE-USDT-SWAP
Gate PENDLE_USDT
KuCoin PENDLEUSDTM
Bitget PENDLEUSDT
edgeX PENDLEUSDC
GRVT PENDLE_USDT_Perp
Polymarket Perps PENDLE-USD
SunX PENDLE-USDT
GMX PENDLE/USD [PENDLE-USDC]
Coinbase International PENDLE-PERP-INTX
Backpack PENDLE_USDC_PERP