Settings8H · net · $10k
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Funding arb · Price arb / Crypto

PENDLE

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LegExchangePriceFund. /8hEach paymentNext inOIVol 24hLev
LONG
Bybit SpotPENDLEUSDT
1.6439spotno funding——$955K1xBuy Bybit Spot
SHORT
BybitPENDLEUSDT
1.6430−0.0030pay 0.0030% / 8h7h 48m$9.3M$3.0M50xShort Bybit
Price gap−0.052%
Funding gap−0.0030% /8h

Both sides work against this pair now: funding costs $1 a day on $10k and the gap is 0.066% under its 7d average. Spot cannot be shorted here, so there is no reverse.

If you open now and hold

on $10k a leg · figures of the last 7D, not a forecast
Funding−$11−0.0030% /8h now · paid −0.108% over the last 7D
Price−$7spread −0.052% now, avg +0.014% → −0.066% if it goes back
Costs−$1311.307% of $10k · taker + slippage, in and out
Result−$148−1.48%no points

Price and funding

1h · history
PRICE SPREAD · 7D
Now−0.052%
Average—
Range—
Wider than now—
FUNDING SPREAD · 7D
Average /8h—
Highest—
Lowest—
Paid you—

Where the spread has been, last 7D

share of time at each level

Funding on every exchange

/8h

PENDLE on 30 exchanges

lowest funding first

Before you open

1 ok · 3 to watch
  • Watch: Thin at this size37.2 / 26.6 bp
    At $10k entering Bybit Spot costs 37.2 bp, fee and slippage, 1.4× Bybit’s.
  • Note: Spot in full, margin on the short$10,000 + $200
    The spot leg is bought with the whole $10k; Bybit runs at up to 50x. Only the short can be liquidated, when the price rises, while the spot leg's gain is not yet realised: keep about 2× the margin on Bybit.
  • OK: Only the short pays funding— / 8h
    The spot leg pays no funding; Bybit settles every 8h.
    Next 24h at the current rates, on $10k a leg: −$0.89Long Bybit Spot: 0 payments, $0.00; short Bybit: 3 payments, −$0.89.
  • Watch: Gap narrower than usual−0.052% vs +0.014%
    Less room for the price leg to pay you. If it goes back to average, the short loses.
  • Note: Spot has no open interest$9.3M OI
    Only Bybit reports one; the spot book's depth is in the cost check above.
  • Note: No points program—
    Neither exchange runs points right now.
  • Watch: KYCBybit Spot Yes · Bybit Yes
    Standard verification is mandatory for every product.

Profit calculator

both legs, in and out
Position, each leg
Hold for
Orders
Price spread
Funding rate
Funding earned−0.0051%/8h × 21 periods−$10.77
Price spread−0.052% → +0.014% (7d avg)−$6.56
Slippage, 4 orderslive order books−$99.66
Fee Bybit Spot bp × 2 orders−$20.00
Fee Bybit bp × 2 orders−$11.00
Net · 7 days · $10k−$147.98
Costs to cover1.307%Break-evennever at this rate
Slippage: Bybit Spot: live order book, 12 min ago; Bybit: live order book, 3 min ago

Cost to enter

taker + slippage from mid, one side
BUY · LONGBybit Spot3.3837.2 bp−$37274.8 bp−$2,748doesn’t fitdoesn’t fit
SELL · SHORTBybit1.8326.6 bp−$2750.8 bp−$508doesn’t fitdoesn’t fit

Closing costs about the same again.

Alert

PENDLE news

posts that mention PENDLE, from every exchange
11-03 07:08BinanceOtherLatest Withdrawal Update Withdrawals have now been re-enabled for the following networks and assets: New: ✅ ETH: ENA, USDE, PENDLE, WLD, QNT, SHIB, ZRO, FET, NIL, ONDO, ALT, SKY, LINK, ETHFI, REZ, JASMY, PUNDIX, BTC, BAT, STRK, POL, ANIME, LSK, RE, BREV, RLC, AMP, PLUME, BLUR, WBETH, ZBT, ENSO, AVA, TUSD ✅ SOL: USD1, PUMP, FDUSD, BMT, RENDER, RAY, TRUMP, MET, PENGU, JUP, PYTH, BONK, KMNO, BNSOL, ORCA, WIF, W, HUMA, JTO, IO, 2Z, BOME Already Enabled: ✅ ETH: RLUSD, USD1, TUSD, FDUSD, XUSD We will continue to restore additional assets and networks in phases as security checks are completed. Further updates will be shared through official Binance channels. @binance on X ↗
09-24 18:20PhemexOtherPhemex Futures TradFi Listing: ethereum:0xaea46a60368a7bd060eec7df8cba43b7ef41ad85, ethereum:0x5a98fcbea516cf06857215779fd812ca3bef1b32, $PENDLE, ethereum:0x455e53cbb86018ac2b8092fdcd39d8444affc3f6, $CAKE, $INJ 🔹 Trading Zone: Perpetual 🔹 Max Leverage: Up to 50x 🔹 Trading Starts: @Phemex_official on X ↗
09-24 09:36PhemexListingnew market PENDLEUSDT ($PENDLE) seen by our collector