Settings8H · net · $10k
Funding arb · Price arb /

PENDLE

all PENDLE markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC−0.0008%/8h= −0.8% APRnext payment $0.08 per $10,000 · paid last 24h −0.009%
Price spread now: Aster against KuCoin+0.017%7-day average +0.034% · you sell dearer than you buy
Net, funding: paid 7d − costsunder 7 days of funding history
Net, price: spread back to 7d avg − costs−$401as in the Price arb table
costs, in and out, $10k−$3993.994% of the position
What this pair did over the last
the charts below follow
Funding, last 6 days (all we have)−0.047%−$5 on $10k
Price spread, last 4 days (all we have)+0.151%+$15 · spread now +0.017%, 7d avg +0.034%
Together, before fees+0.105%+ Points / potential airdropAster: Stage 5 · farm board+$10 on $10k · with fees, hour by hour
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongKuCoin PENDLEUSDTM2.44450.0100pay 0.0100% / 8h2h 41m$861K$554K50x
ShortAster PENDLEUSDT2.44490.0092get 0.0092% / 8h2h 41m$46K$171K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Aster against KuCoin. 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
−$1.63
Price spread: +0.017% → +0.034%
−$1.7
Slippage, 4 orders
−$379.43
Fee KuCoin: 6 bp × 2 orders
−$12
Fee Aster: 4 bp × 2 orders
−$8
Net
−$402.77
Costs to cover
3.994%
Break-even
never at this rate
Slippage from KuCoin: live order book, 53 min ago; Aster: live order book, 5 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy KuCoin live order book, 53 min ago6.50 bp45.1 bp −$45140.7 bp −$1,407doesn't fitdoesn't fit
Sell Aster live order book, 5 min ago7.97 bp146.2 bp −$146doesn'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−0.3926%1h2.4240−0.839%$2K$54K5.5xas long as short
Gate PENDLE_USDT−0.0053%8h2.4440−0.020%$717K$1.1M75xas long as short
Orderly PERP_PENDLE_USDC−0.0035%8h2.4451+0.025%$19K$15K10xas long as short
Extended PENDLE-USD−0.0008%1h2.4425−0.083%$158K$579K10xas long as short
Binance PENDLEUSDT−0.0007%8h2.4431−0.057%$25.8M$44.2M75xas long as short
MEXC PENDLE_USDT−0.0006%8h2.4428−0.070%$17.3M$2.0M125xas long as short
dYdX PENDLE-USD0.0000%1h2.4466+0.087%$10K5xas long as short
Deribit PENDLE_USDC-PERPETUAL0.0000%1h2.4459+0.057%$24K$15K10xas long as short
BloFin PENDLE-USDT+0.0011%8h2.4458+0.053%$1.1M$600K75xas long as short
Reya PENDLERUSDPERP+0.0073%1h2.4435−0.041%$3K15xas long as short
Show all 30 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aevo PENDLE-PERP+0.0080%1h2.44450.000%$26K3xas long as short
Aster PENDLEUSDTshort+0.0092%8h2.4449+0.017%$46K$171K10x
GRVT PENDLE_USDT_Perp+0.0094%8h2.4470+0.102%$405K$2.1M10xas long as short
Lighter PENDLE+0.0096%1h2.4454+0.037%$515K$415K5xas long as short
Paradex PENDLE-USD-PERP+0.0100%8h2.4419−0.105%$34K$9K10xas long as short
Hyperliquid PENDLE+0.0100%1h2.4473+0.115%$12.6M$6.1M5xas long as short
Bybit PENDLEUSDT+0.0100%8h2.4430−0.061%$14.3M$12.0M50xas long as short
OKX PENDLE-USDT-SWAP+0.0100%4h2.4440−0.020%$3.1M$6.4M50xas long as short
KuCoin PENDLEUSDTMlong+0.0100%8h2.4445long leg$861K$554K50x
Bitget PENDLEUSDT+0.0100%8h2.4427−0.074%$3.6M$2.3M75xas long as short
BingX PENDLE-USDT+0.0100%8h2.4428−0.070%$8.4Mas long as short
Variational Omni PENDLE+0.0100%8h2.4451+0.023%$549K$1.4Mas long as short
edgeX PENDLEUSDC+0.0100%4h2.4457+0.048%$24K$373K10xas long as short
ApeX Omni PENDLEUSDT+0.0100%1h2.4466+0.086%$74K$233K50xas long as short
Polymarket Perps PENDLE-USD+0.0100%1h2.4459+0.057%$16K$7K5xas long as short
SunX PENDLE-USDT+0.0100%8h2.4460+0.061%$2K$1.8M20xas long as short
GMX PENDLE/USD [PENDLE-USDC]L +0.0196% / S −0.0222%1h2.4427−0.073%$5K100xas long as short
Backpack PENDLE_USDC_PERP+0.0538%1h2.4498+0.217%$353K$402K15xas long as short
Coinbase International PENDLE-PERP-INTX+0.0592%1h2.4530+0.348%$154K$520K25xas long as short
Kraken Futures PF_PENDLEUSD+0.1190%1h2.4512+0.273%$115K$263K20xas long as short