Funding you earn now, next payment 08:00 UTC+0.0020%/8h= +2.2% APRpaid last 24h +0.008%
Price spread now: OKX against Gate0.000%7-day average +0.020% · you sell dearer than you buy
Net, funding: paid 7d − costs−$78as in the Funding arb table
Net, price: spread back to 7d avg − costs−$82as in the Price arb table
costs, in and out, $10k−$800.799% of the position
Funding, last 7 days+0.020%+$2 on $10k
+Price spread, last 7 days+0.085%+$9 · spread now 0.000%, 7d avg +0.020%
=The price spread sits at its 7-day average of +0.020%, so right now this pair is about funding alone: +$1 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Gate PENDLE_USDT | 2.4270 | 0.0080 | pay 0.0080% / 8h | 14m 50s | $760K | $1.1M | 75x |
| Short | OKX PENDLE-USDT-SWAP | 2.4270 | 0.0100 | get 0.0050% / 4h | 14m 50s | $3.1M | $6.7M | 50x |
Gate PENDLE_USDT
OKX PENDLE-USDT-SWAPFunding history
latest
Range statsloading…
Price spread between the two exchanges
OKX against Gate. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $4.2
- Price spread: 0.000% → +0.020%
- −$1.97
- Slippage, 4 orders
- −$54.9
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$77.67
- Costs to cover
- 0.799%
- Break-even
- 136.5 days
Slippage from Gate: live order book, 2 min ago; OKX: live order book, 3 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, 2 min ago | 4.11 bp | 26.2 bp −$26 | 130.9 bp −$1,309 | doesn't fit | doesn't fit |
| Sell OKX live order book, 3 min ago | 2.06 bp | 14.1 bp −$14 | 65.0 bp −$650 | 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 | −0.4810% | 1h | 2.3940 | −1.360% | $2K | $54K | 5.5x | as long as short |
| Deribit PENDLE_USDC-PERPETUAL | −0.0285% | 1h | 2.4277 | +0.029% | $25K | $16K | 10x | as long as short |
| Orderly PERP_PENDLE_USDC | −0.0014% | 8h | 2.4268 | −0.008% | $18K | $15K | 10x | as long as short |
| BloFin PENDLE-USDT | −0.0006% | 8h | 2.4262 | −0.033% | $1.1M | $502K | 75x | as long as short |
| dYdX PENDLE-USD | 0.0000% | 1h | 2.4306 | +0.147% | $10K | — | 5x | as long as short |
| Extended PENDLE-USD | +0.0008% | 1h | 2.4266 | −0.016% | $158K | $927K | 10x | as long as short |
| MEXC PENDLE_USDT | +0.0009% | 8h | 2.4269 | −0.004% | $18.0M | $2.1M | 125x | as long as short |
| Binance PENDLEUSDT | +0.0010% | 8h | 2.4272 | +0.008% | $25.5M | $46.1M | 75x | as long as short |
| GRVT PENDLE_USDT_Perp | +0.0078% | 8h | 2.4230 | −0.164% | $405K | $2.5M | 10x | as long as short |
| Gate PENDLE_USDTlong | +0.0080% | 8h | 2.4270 | long leg | $760K | $1.1M | 75x |
Injective PENDLE/USDC PERP
Deribit PENDLE_USDC-PERPETUAL
Orderly PERP_PENDLE_USDC
BloFin PENDLE-USDT
dYdX PENDLE-USD
Extended PENDLE-USD
MEXC PENDLE_USDT
Binance PENDLEUSDT
GRVT PENDLE_USDT_PerpShow all 30 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aevo PENDLE-PERP | +0.0080% | 1h | 2.4265 | −0.022% | $25K | — | 3x | as long as short |
| Reya PENDLERUSDPERP | +0.0085% | 1h | 2.4275 | +0.021% | $3K | — | 15x | as long as short |
| Lighter PENDLE | +0.0096% | 1h | 2.4279 | +0.037% | $522K | $432K | 5x | as long as short |
| ApeX Omni PENDLEUSDT | +0.0097% | 1h | 2.4241 | −0.119% | $74K | $232K | 50x | as long as short |
| Paradex PENDLE-USD-PERP | +0.0100% | 8h | 2.4273 | +0.012% | $34K | $5K | 10x | as long as short |
| Hyperliquid PENDLE | +0.0100% | 1h | 2.4320 | +0.206% | $12.7M | $6.1M | 5x | as long as short |
| Aster PENDLEUSDT | +0.0100% | 8h | 2.4272 | +0.009% | $47K | $171K | 10x | as long as short |
| Bybit PENDLEUSDT | +0.0100% | 8h | 2.4264 | −0.025% | $14.1M | $12.2M | 50x | as long as short |
| OKX PENDLE-USDT-SWAPshort | +0.0100% | 4h | 2.4270 | 0.000% | $3.1M | $6.7M | 50x | |
| KuCoin PENDLEUSDTM | +0.0100% | 8h | 2.4273 | +0.012% | $721K | $617K | 50x | as long as short |
| Bitget PENDLEUSDT | +0.0100% | 8h | 2.4290 | +0.082% | $3.8M | $2.5M | 75x | as long as short |
| BingX PENDLE-USDT | +0.0100% | 8h | 2.4266 | −0.016% | — | $8.2M | — | as long as short |
| Variational Omni PENDLE | +0.0100% | 8h | 2.4266 | −0.015% | $565K | $1.3M | — | as long as short |
| edgeX PENDLEUSDC | +0.0100% | 4h | 2.4263 | −0.028% | $24K | $370K | 10x | as long as short |
| Polymarket Perps PENDLE-USD | +0.0100% | 1h | 2.4304 | +0.140% | $16K | $4K | 5x | as long as short |
| SunX PENDLE-USDT | +0.0100% | 8h | 2.4301 | +0.128% | $1K | $1.8M | 20x | as long as short |
| GMX PENDLE/USD [PENDLE-USDC] | L +0.0196% / S −0.0222% | 1h | 2.4282 | +0.049% | $5K | — | 100x | as long as short |
| Backpack PENDLE_USDC_PERP | +0.0628% | 1h | 2.4323 | +0.218% | $351K | $435K | 15x | as long as short |
| Coinbase International PENDLE-PERP-INTX | +0.0672% | 1h | 2.4320 | +0.206% | $157K | $509K | 25x | as long as short |
| Kraken Futures PF_PENDLEUSD | +0.1525% | 1h | 2.4313 | +0.176% | $115K | $262K | 20x | as long as short |
Aevo PENDLE-PERP
Reya PENDLERUSDPERP
Lighter PENDLE
ApeX Omni PENDLEUSDT
Paradex PENDLE-USD-PERP
Hyperliquid PENDLE
Aster PENDLEUSDT
Bybit PENDLEUSDT
KuCoin PENDLEUSDTM
Bitget PENDLEUSDT
BingX PENDLE-USDT
Variational Omni PENDLE
edgeX PENDLEUSDC
Polymarket Perps PENDLE-USD
SunX PENDLE-USDT
GMX PENDLE/USD [PENDLE-USDC]
Backpack PENDLE_USDC_PERP
Coinbase International PENDLE-PERP-INTX
Kraken Futures PF_PENDLEUSD