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

PENDLE

all PENDLE markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.009%
Price spread now: Gate against edgeX−0.002%7-day average −0.019% · you buy dearer than you sell
Net, funding: paid 7d − costs−$68as in the Funding arb table
Net, price: spread back to 7d avg − costs−$60as in the Price arb table
costs, in and out, $10k−$620.621% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.057%−$6 on $10k
Price spread, last 3 days (all we have)−0.473%−$47 · spread now −0.002%, 7d avg −0.019%
Together, before fees−0.530%+ Points / potential airdropedgeX: Active · farm board−$53 on $10k · with fees, hour by hour
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongedgeX PENDLEUSDC2.52100.0100pay 0.0050% / 4h2h 17m$25K$412K10x
ShortGate PENDLE_USDT2.52100.0100get 0.0100% / 8h2h 17m$841K$1.1M75x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Gate against edgeX. 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

Funding earned
$0
Price spread: −0.002% → −0.019%
$1.76
Slippage, 4 orders
−$38.12
Fee edgeX: 4.5 bp × 2 orders
−$9
Fee Gate: 7.5 bp × 2 orders
−$15
Net
−$60.35
Costs to cover
0.621%
Break-even
never at this rate
Slippage from edgeX: live order book, 6 min ago; Gate: live order book, 4 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy edgeX live order book, 6 min ago1.19 bp6.4 bp −$666.0 bp −$660doesn't fitdoesn't fit
Sell Gate live order book, 4 min ago3.96 bp27.4 bp −$27221.5 bp −$2,215doesn't fitdoesn't fit

PENDLE on 30 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Injective PENDLE/USDC PERP−0.4806%1h2.5210−0.002%$49K$30K5.5xas long as short
Kraken Futures PF_PENDLEUSD−0.0428%1h2.5279+0.273%$150K$279K20xas long as short
Deribit PENDLE_USDC-PERPETUAL−0.0344%1h2.5220+0.038%$30K$10K10xas long as short
dYdX PENDLE-USD0.0000%1h2.5229+0.076%$11K5xas long as short
Orderly PERP_PENDLE_USDC+0.0034%8h2.5218+0.030%$25K$11K10xas long as short
Reya PENDLERUSDPERP+0.0036%1h2.5219+0.035%$4K15xas long as short
Binance PENDLEUSDT+0.0046%8h2.5193−0.069%$27.4M$39.3M75xas long as short
Extended PENDLE-USD+0.0048%1h2.5191−0.076%$166K$524K10xas long as short
MEXC PENDLE_USDT+0.0048%8h2.5193−0.069%$17.0M$2.3M125xas long as short
Variational Omni PENDLE+0.0053%8h2.5229+0.072%$621K$2.3Mas long as short
Show all 30 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BloFin PENDLE-USDT+0.0069%8h2.5221+0.042%$1.3M$747K75xas long as short
Lighter PENDLE+0.0096%1h2.5200−0.041%$547K$396K5xas long as short
Aevo PENDLE-PERP+0.0096%1h2.5216+0.022%$26K3xas long as short
Paradex PENDLE-USD-PERP+0.0100%8h2.5193−0.070%$35K$22K10xas long as short
Hyperliquid PENDLE+0.0100%1h2.5237+0.105%$12.4M$5.6M5xas long as short
Aster PENDLEUSDT+0.0100%8h2.5195−0.060%$41K$177K10xas long as short
Bybit PENDLEUSDT+0.0100%8h2.5174−0.145%$15.6M$11.9M50xas long as short
OKX PENDLE-USDT-SWAP+0.0100%4h2.5200−0.041%$3.2M$5.7M50xas long as short
Gate PENDLE_USDTshort+0.0100%8h2.5210−0.002%$841K$1.1M75x
KuCoin PENDLEUSDTM+0.0100%8h2.5216+0.022%$917K$611K50xas long as short
Bitget PENDLEUSDT+0.0100%8h2.5219+0.034%$3.7M$2.6M75xas long as short
BingX PENDLE-USDT+0.0100%8h2.5201−0.037%$36.3Mas long as short
edgeX PENDLEUSDClong+0.0100%4h2.5210long leg$25K$412K10x
GRVT PENDLE_USDT_Perp+0.0100%8h2.5216+0.022%$425K$1.6M10xas long as short
ApeX Omni PENDLEUSDT+0.0100%1h2.5236+0.101%$77K$240K50xas long as short
Polymarket Perps PENDLE-USD+0.0100%1h2.5235+0.097%$16K$19K5xas long as short
SunX PENDLE-USDT+0.0100%8h2.5226+0.062%$1K$1.7M20xas long as short
GMX PENDLE/USD [PENDLE-USDC]L +0.0200% / S −0.0277%1h2.5229+0.073%$5K100xas long as short
Coinbase International PENDLE-PERP-INTX+0.0560%1h2.5360+0.593%$117K$428K25xas long as short
Backpack PENDLE_USDC_PERP+0.0845%1h2.5263+0.209%$365K$464K15xas long as short