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

PENDLE

all PENDLE markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 16:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%
Price spread now: SunX against KuCoin+0.132%7-day average +0.023% · 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 days0.000%$0 on $10k
Price spread, last 4 days (all we have)−0.165%−$17 · spread now +0.132%, 7d avg +0.023%
Together, before fees−0.165%−$17 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 0.108% dearer against KuCoin than usual: you sell high and buy low, +$11 on $10k if it goes back to its 7-day average of +0.023%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongKuCoin PENDLEUSDTM2.43320.0100pay 0.0100% / 8h7h 57m$703K$618K50x
ShortSunX PENDLE-USDT2.43640.0100get 0.0100% / 8h7h 57m$1K$1.8M20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

SunX 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
$0
Price spread: +0.132% → +0.023%
$10.83
Slippage, 4 orders
no order book: not counted
Fee KuCoin: 6 bp × 2 orders
−$12
Fee SunX: 4 bp × 2 orders
−$8
Net
−$9.17
Costs to cover
0.200%
Break-even
never at this rate
Slippage unknown: KuCoin: live order book, 17 min ago; SunX: live order book, 9 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 KuCoin live order book, 17 min ago7.41 bp24.7 bp −$25133.0 bp −$1,330doesn't fitdoesn't fit
Sell SunX live order book, 9 min ago500.07 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−0.3627%1h2.4040−1.200%$2K$54K5.5xas long as short
Deribit PENDLE_USDC-PERPETUAL−0.0120%1h2.4339+0.029%$25K$16K10xas long as short
ApeX Omni PENDLEUSDT−0.0023%1h2.4248−0.345%$74K$232K50xas long as short
Orderly PERP_PENDLE_USDC−0.0012%8h2.4335+0.012%$18K$15K10xas long as short
dYdX PENDLE-USD0.0000%1h2.4313−0.077%$10K5xas long as short
Extended PENDLE-USD+0.0008%1h2.4329−0.014%$156K$924K10xas long as short
MEXC PENDLE_USDT+0.0009%8h2.4338+0.025%$18.0M$2.1M125xas long as short
Binance PENDLEUSDT+0.0009%8h2.4312−0.081%$25.5M$46.2M75xas long as short
BloFin PENDLE-USDT+0.0024%8h2.4327−0.021%$1.1M$504K75xas long as short
Aevo PENDLE-PERP+0.0080%1h2.4332−0.001%$25K3xas long as short
Show all 30 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Reya PENDLERUSDPERP+0.0086%1h2.4331−0.005%$3K15xas long as short
Lighter PENDLE+0.0096%1h2.4338+0.025%$524K$429K5xas long as short
Paradex PENDLE-USD-PERP+0.0100%8h2.4307−0.102%$34K$3K10xas long as short
Hyperliquid PENDLE+0.0100%1h2.4360+0.115%$12.7M$6.1M5xas long as short
Aster PENDLEUSDT+0.0100%8h2.4334+0.009%$48K$171K10xas long as short
Bybit PENDLEUSDT+0.0100%8h2.4335+0.012%$14.1M$12.1M50xas long as short
OKX PENDLE-USDT-SWAP+0.0100%4h2.4350+0.074%$3.1M$6.7M50xas long as short
Gate PENDLE_USDT+0.0100%8h2.4320−0.049%$769K$990K75xas long as short
KuCoin PENDLEUSDTMlong+0.0100%8h2.4332long leg$703K$618K50x
Bitget PENDLEUSDT+0.0100%8h2.4343+0.045%$3.8M$2.5M75xas long as short
BingX PENDLE-USDT+0.0100%8h2.4328−0.016%$8.2Mas long as short
Variational Omni PENDLE+0.0100%8h2.4262−0.289%$565K$1.3Mas long as short
edgeX PENDLEUSDC+0.0100%4h2.4258−0.306%$24K$367K10xas long as short
GRVT PENDLE_USDT_Perp+0.0100%8h2.4267−0.266%$400K$2.6M10xas long as short
Polymarket Perps PENDLE-USD+0.0100%1h2.4345+0.053%$16K$4K5xas long as short
SunX PENDLE-USDTshort+0.0100%8h2.4364+0.132%$1K$1.8M20x
GMX PENDLE/USD [PENDLE-USDC]L +0.0196% / S −0.0222%1h2.4340+0.034%$5K100xas long as short
Coinbase International PENDLE-PERP-INTX+0.0664%1h2.4400+0.279%$159K$513K25xas long as short
Backpack PENDLE_USDC_PERP+0.1163%1h2.4385+0.218%$360K$439K15xas long as short
Kraken Futures PF_PENDLEUSD+0.1272%1h2.4394+0.257%$116K$259K20xas long as short