PENDLE

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0020%/8h= −2.2% APRnext payment −$0.20 per $10,000 · paid last 24h −0.009%

Price spread now: Binance against Gate+0.084%7-day average +0.056% · you sell dearer than you buy

Net, funding: paid 7d − costs−$71as in the Funding arb table

Net, price: spread back to 7d avg − costs−$64as in the Price arb table

costs, in and out, $10k−$670.669% of the position

Long on Gate Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−0.040%−$4 on $10k

Price spread, last 7 days−0.008%−$1 · spread now +0.084%, 7d avg +0.056%

Together, before fees−0.048%−$5 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Binance is 0.028% dearer against Gate than usual: you sell high and buy low (spread +0.084% now, against its 7-day average of +0.056%): +$3 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 4.7 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate PENDLE_USDT	2.4660	−0.0034	get 0.0034% / 8h	4h 32m	$720K	$1.1M	75x
Short	Binance PENDLEUSDT	2.4681	−0.0054	pay 0.0054% / 8h	4h 32m	$26.2M	$44.0M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance 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

Position, each leg$Hold fordaysFee GatebpFee BinancebpOrdersPrice spread, now +0.084%Rate

Funding earned: −$4.17
Price spread: +0.084% → +0.056%: $2.8
Slippage, 4 orders: −$41.92
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Binance: 5 bp × 2 orders: −$10
Net: −$68.29
Costs to cover: 0.669%
Break-even: never at this rate

Slippage from Gate: live order book, 5 min ago; Binance: live order book, 10 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 Gate live order book, 5 min ago	4.06 bp	21.3 bp −$21	130.1 bp −$1,301	doesn't fit	doesn't fit
Sell Binance live order book, 10 min ago	0.20 bp	11.0 bp −$11	31.2 bp −$312	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	−0.4334%	1h	2.4340	−1.298%	$2K	$54K	5.5x	as long as short
BloFin PENDLE-USDT	−0.0075%	8h	2.4703	+0.174%	$1.2M	$630K	75x	as long as short
MEXC PENDLE_USDT	−0.0057%	8h	2.4691	+0.126%	$17.3M	$2.0M	125x	as long as short
Extended PENDLE-USD	−0.0056%	1h	2.4675	+0.062%	$159K	$574K	10x	as long as short
Binance PENDLEUSDTshort	−0.0054%	8h	2.4681	+0.084%	$26.2M	$44.0M	75x
Orderly PERP_PENDLE_USDC	−0.0036%	8h	2.4695	+0.142%	$19K	$15K	10x	as long as short
Gate PENDLE_USDTlong	−0.0034%	8h	2.4660	long leg	$720K	$1.1M	75x
Aster PENDLEUSDT	−0.0033%	8h	2.4673	+0.053%	$46K	$178K	10x	as long as short
dYdX PENDLE-USD	0.0000%	1h	2.4645	−0.062%	$10K	—	5x	as long as short
Deribit PENDLE_USDC-PERPETUAL	0.0000%	1h	2.4697	+0.150%	$25K	$14K	10x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni PENDLE	+0.0043%	8h	2.4586	−0.301%	$552K	$1.6M	—	as long as short
Aevo PENDLE-PERP	+0.0064%	1h	2.4686	+0.104%	$26K	—	3x	as long as short
Reya PENDLERUSDPERP	+0.0064%	1h	2.4680	+0.082%	$3K	—	15x	as long as short
GRVT PENDLE_USDT_Perp	+0.0089%	8h	2.4622	−0.155%	$407K	$1.9M	10x	as long as short
Lighter PENDLE	+0.0096%	1h	2.4691	+0.126%	$518K	$424K	5x	as long as short
Paradex PENDLE-USD-PERP	+0.0100%	8h	2.4692	+0.128%	$35K	$13K	10x	as long as short
Bybit PENDLEUSDT	+0.0100%	8h	2.4680	+0.081%	$14.6M	$12.2M	50x	as long as short
OKX PENDLE-USDT-SWAP	+0.0100%	4h	2.4700	+0.162%	$3.1M	$6.1M	50x	as long as short
KuCoin PENDLEUSDTM	+0.0100%	8h	2.4659	−0.004%	$866K	$585K	50x	as long as short
Bitget PENDLEUSDT	+0.0100%	8h	2.4673	+0.053%	$3.7M	$2.3M	75x	as long as short
BingX PENDLE-USDT	+0.0100%	8h	2.4687	+0.109%	—	$8.6M	—	as long as short
edgeX PENDLEUSDC	+0.0100%	4h	2.4614	−0.188%	$24K	$378K	10x	as long as short
ApeX Omni PENDLEUSDT	+0.0100%	1h	2.4623	−0.150%	$75K	$235K	50x	as long as short
Polymarket Perps PENDLE-USD	+0.0100%	1h	2.4706	+0.187%	$16K	$8K	5x	as long as short
SunX PENDLE-USDT	+0.0100%	8h	2.4694	+0.138%	$2K	$1.8M	20x	as long as short
GMX PENDLE/USD [PENDLE-USDC]	L +0.0196% / S −0.0222%	1h	2.4688	+0.113%	$5K	—	100x	as long as short
Hyperliquid PENDLE	+0.0428%	1h	2.4741	+0.328%	$12.8M	$6.0M	5x	as long as short
Coinbase International PENDLE-PERP-INTX	+0.0608%	1h	2.4770	+0.446%	$148K	$497K	25x	as long as short
Backpack PENDLE_USDC_PERP	+0.0668%	1h	2.4743	+0.337%	$358K	$470K	15x	as long as short
Kraken Futures PF_PENDLEUSD	+0.1177%	1h	2.4704	+0.179%	$115K	$277K	20x	as long as short