Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.037%
Price spread now: OKX against Bybit+0.119%7-day average +0.020% · you sell dearer than you buy
Net, funding: paid 7d − costs−$63as in the Funding arb table
Net, price: spread back to 7d avg − costs−$70as in the Price arb table
costs, in and out, $10k−$800.795% of the position
Funding, last 7 days+0.164%+$16 on $10k
+Price spread, last 7 days−0.056%−$6 · spread now +0.119%, 7d avg +0.020%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: OKX is 0.099% dearer against Bybit than usual: you sell high and buy low, +$10 on $10k if it goes back to its 7-day average of +0.020%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit PENDLEUSDT | 2.5160 | 0.0100 | pay 0.0100% / 8h | 2h 47m | $15.6M | $12.2M | 50x |
| Short | OKX PENDLE-USDT-SWAP | 2.5190 | 0.0100 | get 0.0050% / 4h | 2h 47m | $3.2M | $5.6M | 50x |
Bybit PENDLEUSDT
OKX PENDLE-USDT-SWAPFunding history
latest
Range statsloading…
Price spread between the two exchanges
OKX 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: +0.119% → +0.020%
- $9.94
- Slippage, 4 orders
- −$58.51
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$69.57
- Costs to cover
- 0.795%
- Break-even
- never at this rate
Slippage from Bybit: live order book, 1 min ago; OKX: live order book, 5 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, 1 min ago | 1.99 bp | 23.3 bp −$23 | 58.8 bp −$588 | doesn't fit | doesn't fit |
| Sell OKX live order book, 5 min ago | 1.99 bp | 15.9 bp −$16 | 66.5 bp −$665 | 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 | 2.4860 | −1.192% | $2K | $7K | 5.5x | as long as short |
| Kraken Futures PF_PENDLEUSD | −0.0429% | 1h | 2.5255 | +0.380% | $150K | $279K | 20x | as long as short |
| ApeX Omni PENDLEUSDT | −0.0001% | 1h | 2.5150 | −0.040% | $77K | $239K | 50x | as long as short |
| dYdX PENDLE-USD | 0.0000% | 1h | 2.5210 | +0.199% | $11K | — | 5x | as long as short |
| Deribit PENDLE_USDC-PERPETUAL | 0.0000% | 1h | 2.5209 | +0.195% | $30K | $10K | 10x | as long as short |
| Variational Omni PENDLE | +0.0011% | 8h | 2.5135 | −0.099% | $608K | $2.3M | — | as long as short |
| Reya PENDLERUSDPERP | +0.0034% | 1h | 2.5183 | +0.091% | $4K | — | 15x | as long as short |
| Orderly PERP_PENDLE_USDC | +0.0036% | 8h | 2.5205 | +0.179% | $23K | $8K | 10x | as long as short |
| MEXC PENDLE_USDT | +0.0038% | 8h | 2.5177 | +0.068% | $16.9M | $2.2M | 125x | as long as short |
| Binance PENDLEUSDT | +0.0039% | 8h | 2.5176 | +0.064% | $27.5M | $39.0M | 75x | as long as short |
Injective PENDLE/USDC PERP
Kraken Futures PF_PENDLEUSD
ApeX Omni PENDLEUSDT
dYdX PENDLE-USD
Deribit PENDLE_USDC-PERPETUAL
Variational Omni PENDLE
Reya PENDLERUSDPERP
Orderly PERP_PENDLE_USDC
MEXC PENDLE_USDT
Binance PENDLEUSDTShow all 30 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Extended PENDLE-USD | +0.0040% | 1h | 2.5170 | +0.041% | $165K | $524K | 10x | as long as short |
| BloFin PENDLE-USDT | +0.0065% | 8h | 2.5181 | +0.083% | $1.3M | $784K | 75x | as long as short |
| Aevo PENDLE-PERP | +0.0088% | 1h | 2.5200 | +0.161% | $26K | — | 3x | as long as short |
| Aster PENDLEUSDT | +0.0090% | 8h | 2.5192 | +0.125% | $41K | $177K | 10x | as long as short |
| Lighter PENDLE | +0.0096% | 1h | 2.5180 | +0.079% | $551K | $376K | 5x | as long as short |
| Paradex PENDLE-USD-PERP | +0.0100% | 8h | 2.5174 | +0.055% | $35K | $22K | 10x | as long as short |
| Hyperliquid PENDLE | +0.0100% | 1h | 2.5221 | +0.242% | $12.4M | $5.6M | 5x | as long as short |
| Bybit PENDLEUSDTlong | +0.0100% | 8h | 2.5160 | long leg | $15.6M | $12.2M | 50x | |
| OKX PENDLE-USDT-SWAPshort | +0.0100% | 4h | 2.5190 | +0.119% | $3.2M | $5.6M | 50x | |
| Gate PENDLE_USDT | +0.0100% | 8h | 2.5200 | +0.159% | $848K | $1.1M | 75x | as long as short |
| KuCoin PENDLEUSDTM | +0.0100% | 8h | 2.5185 | +0.099% | $908K | $608K | 50x | as long as short |
| Bitget PENDLEUSDT | +0.0100% | 8h | 2.5187 | +0.107% | $3.8M | $2.6M | 75x | as long as short |
| BingX PENDLE-USDT | +0.0100% | 8h | 2.5187 | +0.107% | — | $36.3M | — | as long as short |
| edgeX PENDLEUSDC | +0.0100% | 4h | 2.5184 | +0.095% | $25K | $413K | 10x | as long as short |
| GRVT PENDLE_USDT_Perp | +0.0100% | 8h | 2.5182 | +0.087% | $416K | $1.6M | 10x | as long as short |
| Polymarket Perps PENDLE-USD | +0.0100% | 1h | 2.5200 | +0.159% | $16K | $19K | 5x | as long as short |
| SunX PENDLE-USDT | +0.0100% | 8h | 2.5218 | +0.231% | $2K | $1.7M | 20x | as long as short |
| GMX PENDLE/USD [PENDLE-USDC] | L +0.0200% / S −0.0277% | 1h | 2.5210 | +0.200% | $5K | — | 100x | as long as short |
| Coinbase International PENDLE-PERP-INTX | +0.0560% | 1h | 2.5260 | +0.397% | $118K | $440K | 25x | as long as short |
| Backpack PENDLE_USDC_PERP | +0.0908% | 1h | 2.5260 | +0.397% | $366K | $466K | 15x | as long as short |
Extended PENDLE-USD
BloFin PENDLE-USDT
Aevo PENDLE-PERP
Aster PENDLEUSDT
Lighter PENDLE
Paradex PENDLE-USD-PERP
Hyperliquid PENDLE
Gate PENDLE_USDT
KuCoin PENDLEUSDTM
Bitget PENDLEUSDT
BingX PENDLE-USDT
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