Funding you earn now, next payment 22:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.011%
Price spread now: BingX against Hyperliquid−0.107%7-day average −0.123% · you buy dearer than you sell
Net, funding: paid 7d − costs−$63as in the Funding arb table
Net, price: spread back to 7d avg − costs−$56as in the Price arb table
costs, in and out, $10k−$570.575% of the position
Funding, last 7 days−0.051%−$5 on $10k
+Price spread, last 7 days+0.122%+$12 · spread now −0.107%, 7d avg −0.123%
=Together, before fees+0.071%+ Points / potential airdropHyperliquid: Season 2 · farm board+$7 on $10k · with fees, hour by hour
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hyperliquid PENDLE | 2.5251 | 0.0100 | pay 0.0013% / 1h | 19m 02s | $12.4M | $5.6M | 5x |
| Short | BingX PENDLE-USDT | 2.5224 | 0.0100 | get 0.0100% / 8h | 2h 19m | — | $36.3M | — |
Hyperliquid PENDLE
BingX PENDLE-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BingX against Hyperliquid. 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
- $0
- Price spread: −0.107% → −0.123%
- $1.57
- Slippage, 4 orders
- −$38.47
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- −$55.9
- Costs to cover
- 0.575%
- Break-even
- never at this rate
Slippage from Hyperliquid: live order book, 4 min ago; BingX: live order book, 5 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 Hyperliquid live order book, 4 min ago | 2.37 bp | 13.3 bp −$13 | doesn't fit | doesn't fit | doesn't fit |
| Sell BingX live order book, 5 min ago | 3.56 bp | 12.9 bp −$13 | 23.1 bp −$231 | 128.2 bp −$12.8K | 409.4 bp −$204.7K |
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 | −0.4806% | 1h | 2.5210 | −0.162% | $49K | $30K | 5.5x | as long as short |
| Kraken Futures PF_PENDLEUSD | −0.0428% | 1h | 2.5282 | +0.124% | $150K | $279K | 20x | as long as short |
| Deribit PENDLE_USDC-PERPETUAL | −0.0186% | 1h | 2.5229 | −0.087% | $30K | $10K | 10x | as long as short |
| dYdX PENDLE-USD | 0.0000% | 1h | 2.5229 | −0.085% | $11K | — | 5x | as long as short |
| Orderly PERP_PENDLE_USDC | +0.0035% | 8h | 2.5227 | −0.095% | $25K | $11K | 10x | as long as short |
| Reya PENDLERUSDPERP | +0.0036% | 1h | 2.5229 | −0.086% | $4K | — | 15x | as long as short |
| Extended PENDLE-USD | +0.0048% | 1h | 2.5211 | −0.158% | $166K | $524K | 10x | as long as short |
| Binance PENDLEUSDT | +0.0052% | 8h | 2.5212 | −0.154% | $27.4M | $39.3M | 75x | as long as short |
| Variational Omni PENDLE | +0.0053% | 8h | 2.5229 | −0.089% | $621K | $2.3M | — | as long as short |
| MEXC PENDLE_USDT | +0.0055% | 8h | 2.5215 | −0.143% | $17.0M | $2.3M | 125x | as long as short |
Injective PENDLE/USDC PERP
Kraken Futures PF_PENDLEUSD
Deribit PENDLE_USDC-PERPETUAL
dYdX PENDLE-USD
Orderly PERP_PENDLE_USDC
Reya PENDLERUSDPERP
Extended PENDLE-USD
Binance PENDLEUSDT
Variational Omni PENDLE
MEXC PENDLE_USDTShow all 30 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BloFin PENDLE-USDT | +0.0069% | 8h | 2.5221 | −0.119% | $1.3M | $747K | 75x | as long as short |
| Lighter PENDLE | +0.0096% | 1h | 2.5220 | −0.123% | $548K | $396K | 5x | as long as short |
| Aevo PENDLE-PERP | +0.0096% | 1h | 2.5222 | −0.115% | $26K | — | 3x | as long as short |
| Paradex PENDLE-USD-PERP | +0.0100% | 8h | 2.5207 | −0.176% | $35K | $22K | 10x | as long as short |
| Hyperliquid PENDLElong | +0.0100% | 1h | 2.5251 | long leg | $12.4M | $5.6M | 5x | |
| Aster PENDLEUSDT | +0.0100% | 8h | 2.5216 | −0.138% | $41K | $177K | 10x | as long as short |
| Bybit PENDLEUSDT | +0.0100% | 8h | 2.5200 | −0.202% | $15.6M | $12.1M | 50x | as long as short |
| OKX PENDLE-USDT-SWAP | +0.0100% | 4h | 2.5240 | −0.044% | $3.3M | $5.7M | 50x | as long as short |
| Gate PENDLE_USDT | +0.0100% | 8h | 2.5230 | −0.083% | $842K | $1.1M | 75x | as long as short |
| KuCoin PENDLEUSDTM | +0.0100% | 8h | 2.5232 | −0.075% | $917K | $611K | 50x | as long as short |
| Bitget PENDLEUSDT | +0.0100% | 8h | 2.5223 | −0.111% | $3.7M | $2.6M | 75x | as long as short |
| BingX PENDLE-USDTshort | +0.0100% | 8h | 2.5224 | −0.107% | — | $36.3M | — | |
| edgeX PENDLEUSDC | +0.0100% | 4h | 2.5246 | −0.020% | $25K | $411K | 10x | as long as short |
| GRVT PENDLE_USDT_Perp | +0.0100% | 8h | 2.5266 | +0.061% | $426K | $1.6M | 10x | as long as short |
| ApeX Omni PENDLEUSDT | +0.0100% | 1h | 2.5236 | −0.059% | $77K | $240K | 50x | as long as short |
| Polymarket Perps PENDLE-USD | +0.0100% | 1h | 2.5240 | −0.044% | $16K | $19K | 5x | as long as short |
| SunX PENDLE-USDT | +0.0100% | 8h | 2.5230 | −0.083% | $2K | $1.7M | 20x | as long as short |
| GMX PENDLE/USD [PENDLE-USDC] | L +0.0200% / S −0.0277% | 1h | 2.5234 | −0.067% | $5K | — | 100x | as long as short |
| Coinbase International PENDLE-PERP-INTX | +0.0560% | 1h | 2.5360 | +0.432% | $117K | $428K | 25x | as long as short |
| Backpack PENDLE_USDC_PERP | +0.0844% | 1h | 2.5274 | +0.091% | $365K | $464K | 15x | as long as short |
BloFin PENDLE-USDT
Lighter PENDLE
Aevo PENDLE-PERP
Paradex PENDLE-USD-PERP
Aster PENDLEUSDT
Bybit PENDLEUSDT
OKX PENDLE-USDT-SWAP
Gate PENDLE_USDT
KuCoin PENDLEUSDTM
Bitget PENDLEUSDT
edgeX PENDLEUSDC
GRVT PENDLE_USDT_Perp
ApeX Omni PENDLEUSDT
Polymarket Perps PENDLE-USD
SunX PENDLE-USDT
GMX PENDLE/USD [PENDLE-USDC]
Coinbase International PENDLE-PERP-INTX
Backpack PENDLE_USDC_PERP