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% APRnext payment +$0.00 per $10,000 · paid last 24h +0.009%
Price spread now: KuCoin against Gate+0.044%7-day average +0.025% · you sell dearer than you buy
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 7 days+0.057%+$6 on $10k
Price spread, last 4 days (all we have)+0.047%+$5 · spread now +0.044%, 7d avg +0.025%
Together, before fees+0.104%+$10 on $10k · with fees, hour by hour
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongGate PENDLE_USDT2.51600.0100pay 0.0100% / 8h2h 50m$846K$1.1M75x
ShortKuCoin PENDLEUSDTM2.51710.0100get 0.0100% / 8h2h 50m$907K$607K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

KuCoin 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
Price spread: +0.044% → +0.025%
$1.9
Slippage, 4 orders
no order book: not counted
Fee Gate: 7.5 bp × 2 orders
−$15
Fee KuCoin: 6 bp × 2 orders
−$12
Net
−$25.1
Costs to cover
0.270%
Break-even
never at this rate
Slippage unknown: Gate: live order book, 1 min ago; KuCoin: live order book, 33 min ago. 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, 1 min ago3.98 bp30.0 bp −$30247.1 bp −$2,471doesn't fitdoesn't fit
Sell KuCoin live order book, 33 min ago5.91 bpdoesn't fitdoesn't fitdoesn'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%1h2.4860−1.192%$2K$7K5.5xas long as short
Kraken Futures PF_PENDLEUSD−0.0430%1h2.5153−0.029%$145K$274K20xas long as short
dYdX PENDLE-USD0.0000%1h2.51600.000%$11K5xas long as short
Deribit PENDLE_USDC-PERPETUAL0.0000%1h2.5167+0.028%$30K$10K10xas long as short
Variational Omni PENDLE+0.0010%8h2.5125−0.140%$607K$2.3Mas long as short
BloFin PENDLE-USDT+0.0024%8h2.5151−0.036%$1.3M$783K75xas long as short
Extended PENDLE-USD+0.0032%1h2.5161+0.002%$165K$524K10xas long as short
Reya PENDLERUSDPERP+0.0034%1h2.5150−0.038%$4K15xas long as short
MEXC PENDLE_USDT+0.0035%8h2.5176+0.064%$16.9M$2.2M125xas long as short
Orderly PERP_PENDLE_USDC+0.0035%8h2.5159−0.004%$23K$8K10xas long as short
Show all 30 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Binance PENDLEUSDT+0.0036%8h2.5163+0.011%$27.5M$39.0M75xas long as short
Aster PENDLEUSDT+0.0083%8h2.5173+0.050%$41K$177K10xas long as short
Aevo PENDLE-PERP+0.0088%1h2.5151−0.035%$26K3xas long as short
Lighter PENDLE+0.0096%1h2.5168+0.032%$551K$376K5xas long as short
Paradex PENDLE-USD-PERP+0.0100%8h2.5168+0.034%$35K$22K10xas long as short
Hyperliquid PENDLE+0.0100%1h2.5202+0.167%$12.4M$5.5M5xas long as short
Bybit PENDLEUSDT+0.0100%8h2.5150−0.040%$15.6M$12.3M50xas long as short
OKX PENDLE-USDT-SWAP+0.0100%4h2.5170+0.040%$3.2M$5.6M50xas long as short
Gate PENDLE_USDTlong+0.0100%8h2.5160long leg$846K$1.1M75x
KuCoin PENDLEUSDTMshort+0.0100%8h2.5171+0.044%$907K$607K50x
Bitget PENDLEUSDT+0.0100%8h2.5151−0.036%$3.7M$2.6M75xas long as short
BingX PENDLE-USDT+0.0100%8h2.5168+0.032%$36.4Mas long as short
edgeX PENDLEUSDC+0.0100%4h2.5188+0.113%$25K$412K10xas long as short
GRVT PENDLE_USDT_Perp+0.0100%8h2.5218+0.230%$416K$1.6M10xas long as short
ApeX Omni PENDLEUSDT+0.0100%1h2.5202+0.167%$77K$239K50xas long as short
Polymarket Perps PENDLE-USD+0.0100%1h2.5178+0.072%$16K$19K5xas long as short
SunX PENDLE-USDT+0.0100%8h2.5173+0.052%$2K$1.7M20xas long as short
GMX PENDLE/USD [PENDLE-USDC]L +0.0200% / S −0.0277%1h2.5163+0.012%$5K100xas long as short
Coinbase International PENDLE-PERP-INTX+0.0560%1h2.5270+0.437%$118K$440K25xas long as short
Backpack PENDLE_USDC_PERP+0.0827%1h2.5219+0.234%$365K$466K15xas long as short