Funding you earn now, next payment 22:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.048%
Price spread now: Hyperliquid against Bybit+0.155%7-day average +0.145% · you sell dearer than you buy
Net, funding: paid 7d − costs−$56as in the Funding arb table
Net, price: spread back to 7d avg − costs−$75as in the Price arb table
costs, in and out, $10k−$760.764% of the position
Funding, last 7 days+0.202%+$20 on $10k
+Price spread, last 7 days−0.121%−$12 · spread now +0.155%, 7d avg +0.145%
=Together, before fees+0.081%+ Points / potential airdropHyperliquid: Season 2 · farm board+$8 on $10k · with fees, hour by hour
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit PENDLEUSDT | 2.5198 | 0.0100 | pay 0.0100% / 8h | 2h 18m | $15.6M | $12.1M | 50x |
| Short | Hyperliquid PENDLE | 2.5237 | 0.0100 | get 0.0013% / 1h | 18m 08s | $12.4M | $5.6M | 5x |
Bybit PENDLEUSDT
Hyperliquid PENDLEFunding history
latest
Range statsloading…
Price spread between the two exchanges
Hyperliquid 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: +0.155% → +0.145%
- $0.96
- Slippage, 4 orders
- −$56.39
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- −$75.43
- Costs to cover
- 0.764%
- Break-even
- never at this rate
Slippage from Bybit: live order book, just now; Hyperliquid: live order book, 4 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, just now | 3.97 bp | 22.5 bp −$23 | 54.7 bp −$547 | doesn't fit | doesn't fit |
| Sell Hyperliquid live order book, 4 min ago | 2.37 bp | 15.2 bp −$15 | doesn't fit | 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 | −0.4806% | 1h | 2.5210 | +0.048% | $49K | $30K | 5.5x | as long as short |
| Kraken Futures PF_PENDLEUSD | −0.0428% | 1h | 2.5279 | +0.322% | $150K | $279K | 20x | as long as short |
| Deribit PENDLE_USDC-PERPETUAL | −0.0344% | 1h | 2.5220 | +0.087% | $30K | $10K | 10x | as long as short |
| dYdX PENDLE-USD | 0.0000% | 1h | 2.5229 | +0.125% | $11K | — | 5x | as long as short |
| Orderly PERP_PENDLE_USDC | +0.0034% | 8h | 2.5218 | +0.079% | $25K | $11K | 10x | as long as short |
| Reya PENDLERUSDPERP | +0.0036% | 1h | 2.5219 | +0.085% | $4K | — | 15x | as long as short |
| Extended PENDLE-USD | +0.0048% | 1h | 2.5207 | +0.035% | $166K | $524K | 10x | as long as short |
| Binance PENDLEUSDT | +0.0049% | 8h | 2.5206 | +0.031% | $27.4M | $39.3M | 75x | as long as short |
| MEXC PENDLE_USDT | +0.0051% | 8h | 2.5206 | +0.032% | $17.0M | $2.3M | 125x | as long as short |
| Variational Omni PENDLE | +0.0053% | 8h | 2.5229 | +0.121% | $621K | $2.3M | — | 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
Binance PENDLEUSDT
MEXC PENDLE_USDT
Variational Omni PENDLEShow all 30 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BloFin PENDLE-USDT | +0.0069% | 8h | 2.5221 | +0.091% | $1.3M | $747K | 75x | as long as short |
| Lighter PENDLE | +0.0096% | 1h | 2.5220 | +0.087% | $548K | $396K | 5x | as long as short |
| Aevo PENDLE-PERP | +0.0096% | 1h | 2.5216 | +0.071% | $26K | — | 3x | as long as short |
| Paradex PENDLE-USD-PERP | +0.0100% | 8h | 2.5208 | +0.041% | $35K | $22K | 10x | as long as short |
| Hyperliquid PENDLEshort | +0.0100% | 1h | 2.5237 | +0.155% | $12.4M | $5.6M | 5x | |
| Aster PENDLEUSDT | +0.0100% | 8h | 2.5216 | +0.072% | $41K | $177K | 10x | as long as short |
| Bybit PENDLEUSDTlong | +0.0100% | 8h | 2.5198 | long leg | $15.6M | $12.1M | 50x | |
| OKX PENDLE-USDT-SWAP | +0.0100% | 4h | 2.5220 | +0.087% | $3.3M | $5.7M | 50x | as long as short |
| Gate PENDLE_USDT | +0.0100% | 8h | 2.5220 | +0.087% | $842K | $1.1M | 75x | as long as short |
| KuCoin PENDLEUSDTM | +0.0100% | 8h | 2.5240 | +0.167% | $918K | $611K | 50x | as long as short |
| Bitget PENDLEUSDT | +0.0100% | 8h | 2.5220 | +0.087% | $3.7M | $2.6M | 75x | as long as short |
| BingX PENDLE-USDT | +0.0100% | 8h | 2.5201 | +0.012% | — | $36.3M | — | as long as short |
| edgeX PENDLEUSDC | +0.0100% | 4h | 2.5246 | +0.190% | $25K | $411K | 10x | as long as short |
| GRVT PENDLE_USDT_Perp | +0.0100% | 8h | 2.5266 | +0.272% | $426K | $1.6M | 10x | as long as short |
| ApeX Omni PENDLEUSDT | +0.0100% | 1h | 2.5236 | +0.151% | $77K | $240K | 50x | as long as short |
| Polymarket Perps PENDLE-USD | +0.0100% | 1h | 2.5235 | +0.147% | $16K | $19K | 5x | as long as short |
| SunX PENDLE-USDT | +0.0100% | 8h | 2.5226 | +0.111% | $1K | $1.7M | 20x | as long as short |
| GMX PENDLE/USD [PENDLE-USDC] | L +0.0200% / S −0.0277% | 1h | 2.5229 | +0.122% | $5K | — | 100x | as long as short |
| Coinbase International PENDLE-PERP-INTX | +0.0560% | 1h | 2.5360 | +0.643% | $117K | $428K | 25x | as long as short |
| Backpack PENDLE_USDC_PERP | +0.0845% | 1h | 2.5263 | +0.258% | $365K | $464K | 15x | as long as short |
BloFin PENDLE-USDT
Lighter PENDLE
Aevo PENDLE-PERP
Paradex PENDLE-USD-PERP
Aster PENDLEUSDT
OKX PENDLE-USDT-SWAP
Gate PENDLE_USDT
KuCoin PENDLEUSDTM
Bitget PENDLEUSDT
BingX PENDLE-USDT
edgeX PENDLEUSDC
GRVT PENDLE_USDT_Perp
ApeX Omni PENDLEUSDT
Polymarket Perps PENDLE-USD
SunX PENDLE-USDT
GMX PENDLE/USD [PENDLE-USDC]
Coinbase International PENDLE-PERP-INTX
Backpack PENDLE_USDC_PERP