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

PENDLE

all PENDLE markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 22:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h +0.009%
Price spread now: Aevo against Gate−0.016%7-day average · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 5 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before feesneeds both histories
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongGate PENDLE_USDT2.52200.0100pay 0.0100% / 8h2h 18m$842K$1.1M75x
ShortAevo PENDLE-PERP2.52160.0096get 0.0012% / 1h18m 00s$26K3x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Aevo against Gate. 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
−$0.84
Price spread: −0.016% → 0.000%
−$1.59
Slippage, 4 orders
no order book: not counted
Fee Gate: 7.5 bp × 2 orders
−$15
Fee Aevo: 8 bp × 2 orders
−$16
Net
−$33.43
Costs to cover
0.310%
Break-even
never at this rate
Slippage unknown: Gate: live order book, 4 min ago; Aevo: no order-book sample. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Gate live order book, 4 min ago3.96 bp22.2 bp −$22207.7 bp −$2,077doesn't fitdoesn't fit
Sell Aevo no order-book sample
Aevo: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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%1h2.5210−0.040%$49K$30K5.5xas long as short
Kraken Futures PF_PENDLEUSD−0.0428%1h2.5279+0.235%$150K$279K20xas long as short
Deribit PENDLE_USDC-PERPETUAL−0.0344%1h2.52200.000%$30K$10K10xas long as short
dYdX PENDLE-USD0.0000%1h2.5229+0.038%$11K5xas long as short
Orderly PERP_PENDLE_USDC+0.0034%8h2.5218−0.008%$25K$11K10xas long as short
Reya PENDLERUSDPERP+0.0036%1h2.5219−0.003%$4K15xas long as short
Extended PENDLE-USD+0.0048%1h2.5191−0.117%$166K$524K10xas long as short
Binance PENDLEUSDT+0.0049%8h2.5194−0.103%$27.4M$39.3M75xas long as short
MEXC PENDLE_USDT+0.0051%8h2.5195−0.099%$17.0M$2.3M125xas long as short
Variational Omni PENDLE+0.0053%8h2.5229+0.034%$621K$2.3Mas long as short
Show all 30 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BloFin PENDLE-USDT+0.0069%8h2.5221+0.004%$1.3M$747K75xas long as short
Lighter PENDLE+0.0096%1h2.52200.000%$548K$396K5xas long as short
Aevo PENDLE-PERPshort+0.0096%1h2.5216−0.016%$26K3x
Paradex PENDLE-USD-PERP+0.0100%8h2.5208−0.046%$35K$22K10xas long as short
Hyperliquid PENDLE+0.0100%1h2.5237+0.067%$12.4M$5.6M5xas long as short
Aster PENDLEUSDT+0.0100%8h2.5216−0.014%$41K$177K10xas long as short
Bybit PENDLEUSDT+0.0100%8h2.5190−0.119%$15.6M$12.1M50xas long as short
OKX PENDLE-USDT-SWAP+0.0100%4h2.5200−0.079%$3.2M$5.7M50xas long as short
Gate PENDLE_USDTlong+0.0100%8h2.5220long leg$842K$1.1M75x
KuCoin PENDLEUSDTM+0.0100%8h2.5221+0.004%$917K$611K50xas long as short
Bitget PENDLEUSDT+0.0100%8h2.5221+0.004%$3.7M$2.6M75xas long as short
BingX PENDLE-USDT+0.0100%8h2.5201−0.075%$36.3Mas long as short
edgeX PENDLEUSDC+0.0100%4h2.5246+0.103%$25K$411K10xas long as short
GRVT PENDLE_USDT_Perp+0.0100%8h2.5266+0.184%$426K$1.6M10xas long as short
ApeX Omni PENDLEUSDT+0.0100%1h2.5236+0.063%$77K$240K50xas long as short
Polymarket Perps PENDLE-USD+0.0100%1h2.5235+0.059%$16K$19K5xas long as short
SunX PENDLE-USDT+0.0100%8h2.5226+0.024%$1K$1.7M20xas long as short
GMX PENDLE/USD [PENDLE-USDC]L +0.0200% / S −0.0277%1h2.5229+0.035%$5K100xas long as short
Coinbase International PENDLE-PERP-INTX+0.0560%1h2.5360+0.555%$117K$428K25xas long as short
Backpack PENDLE_USDC_PERP+0.0845%1h2.5263+0.170%$365K$464K15xas long as short