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: SunX against Gate+0.080%7-day average +0.051% · 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 3 days (all we have)−0.111%−$11 · spread now +0.080%, 7d avg +0.051%
Together, before fees−0.054%−$5 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: SunX is 0.028% dearer against Gate than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of +0.051%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongGate PENDLE_USDT2.51000.0100pay 0.0100% / 8h10m 44s$780K$1.2M75x
ShortSunX PENDLE-USDT2.51200.0100get 0.0100% / 8h10m 44s$2K$1.8M20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

SunX 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: +0.080% → +0.051%
$2.84
Slippage, 4 orders
no order book: not counted
Fee Gate: 7.5 bp × 2 orders
−$15
Fee SunX: 4 bp × 2 orders
−$8
Net
−$20.16
Costs to cover
0.230%
Break-even
never at this rate
Slippage unknown: Gate: live order book, 1 min ago; SunX: live order book, 5 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 bp25.4 bp −$25172.6 bp −$1,726doesn't fitdoesn't fit
Sell SunX live order book, 5 min ago500.22 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−0.5000%1h2.4940−0.637%$2K$54K5.5xas long as short
Deribit PENDLE_USDC-PERPETUAL−0.0625%1h2.5116+0.064%$28K$11K10xas long as short
ApeX Omni PENDLEUSDT−0.0066%1h2.5150+0.199%$77K$239K50xas long as short
Binance PENDLEUSDT−0.0066%8h2.5133+0.131%$27.2M$42.1M75xas long as short
Extended PENDLE-USD−0.0064%1h2.5104+0.018%$165K$528K10xas long as short
MEXC PENDLE_USDT−0.0063%8h2.5121+0.084%$17.0M$1.9M125xas long as short
BloFin PENDLE-USDT−0.0047%8h2.5102+0.008%$1.3M$707K75xas long as short
Orderly PERP_PENDLE_USDC−0.0008%8h2.5110+0.040%$20K$16K10xas long as short
dYdX PENDLE-USD0.0000%1h2.5173+0.290%$11K5xas long as short
GRVT PENDLE_USDT_Perp+0.0016%8h2.5140+0.160%$416K$1.6M10xas long as short
Show all 30 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Variational Omni PENDLE+0.0022%8h2.5081−0.074%$596K$1.9Mas long as short
Reya PENDLERUSDPERP+0.0046%1h2.5108+0.030%$4K15xas long as short
Aevo PENDLE-PERP+0.0064%1h2.5101+0.004%$26K3xas long as short
Lighter PENDLE+0.0096%1h2.5119+0.076%$529K$416K5xas long as short
Paradex PENDLE-USD-PERP+0.0100%8h2.5130+0.120%$35K$18K10xas long as short
Aster PENDLEUSDT+0.0100%8h2.5142+0.166%$47K$177K10xas long as short
Bybit PENDLEUSDT+0.0100%8h2.5120+0.080%$15.5M$12.0M50xas long as short
OKX PENDLE-USDT-SWAP+0.0100%4h2.5120+0.080%$3.2M$6.0M50xas long as short
Gate PENDLE_USDTlong+0.0100%8h2.5100long leg$780K$1.2M75x
KuCoin PENDLEUSDTM+0.0100%8h2.5115+0.060%$882K$600K50xas long as short
Bitget PENDLEUSDT+0.0100%8h2.5107+0.028%$3.7M$2.5M75xas long as short
BingX PENDLE-USDT+0.0100%8h2.5137+0.147%$35.7Mas long as short
edgeX PENDLEUSDC+0.0100%4h2.5152+0.209%$25K$380K10xas long as short
Polymarket Perps PENDLE-USD+0.0100%1h2.5135+0.139%$16K$20K5xas long as short
SunX PENDLE-USDTshort+0.0100%8h2.5120+0.080%$2K$1.8M20x
GMX PENDLE/USD [PENDLE-USDC]L +0.0199% / S −0.0256%1h2.5116+0.063%$5K100xas long as short
Hyperliquid PENDLE+0.0337%1h2.5184+0.335%$12.8M$6.2M5xas long as short
Kraken Futures PF_PENDLEUSD+0.0597%1h2.5161+0.244%$119K$298K20xas long as short
Coinbase International PENDLE-PERP-INTX+0.0600%1h2.5340+0.956%$141K$450K25xas long as short
Backpack PENDLE_USDC_PERP+0.0669%1h2.5152+0.207%$330K$489K15xas long as short