Funding you earn now, next payment 22:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h −0.007%
Price spread now: Gate against Lighter−0.040%7-day average −0.051% · you buy dearer than you sell
Net, funding: paid 7d − costs−$74as in the Funding arb table
Net, price: spread back to 7d avg − costs−$70as in the Price arb table
costs, in and out, $10k−$710.710% of the position
Funding, last 7 days−0.030%−$3 on $10k
+Price spread, last 4 days (all we have)−0.126%−$13 · spread now −0.040%, 7d avg −0.051%
=Together, before fees−0.156%+ Points / potential airdropLighter: Season 3 · farm board−$16 on $10k · with fees, hour by hour
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter PENDLE | 2.5210 | 0.0096 | pay 0.0012% / 1h | 16m 26s | $548K | $396K | 5x |
| Short | Gate PENDLE_USDT | 2.5200 | 0.0100 | get 0.0100% / 8h | 2h 16m | $842K | $1.1M | 75x |
Lighter PENDLE
Gate PENDLE_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Gate against Lighter. 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
- $0.84
- Price spread: −0.040% → −0.051%
- $1.15
- Slippage, 4 orders
- −$56.05
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$69.06
- Costs to cover
- 0.710%
- Break-even
- 582.5 days
Slippage from Lighter: live order book, 67 min ago; Gate: live order book, 6 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 Lighter live order book, 67 min ago | 8.07 bp | 8.9 bp −$9 | 62.8 bp −$628 | doesn't fit | doesn't fit |
| Sell Gate live order book, 6 min ago | 3.96 bp | 27.4 bp −$27 | 221.5 bp −$2,215 | 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 | −0.4806% | 1h | 2.5200 | −0.040% | $2K | $53K | 5.5x | as long as short |
| Kraken Futures PF_PENDLEUSD | −0.0428% | 1h | 2.5270 | +0.239% | $150K | $279K | 20x | as long as short |
| Deribit PENDLE_USDC-PERPETUAL | −0.0345% | 1h | 2.5208 | −0.008% | $30K | $10K | 10x | as long as short |
| dYdX PENDLE-USD | 0.0000% | 1h | 2.5194 | −0.063% | $11K | — | 5x | as long as short |
| BloFin PENDLE-USDT | +0.0020% | 8h | 2.5190 | −0.079% | $1.3M | $741K | 75x | as long as short |
| Orderly PERP_PENDLE_USDC | +0.0034% | 8h | 2.5208 | −0.008% | $25K | $11K | 10x | as long as short |
| Reya PENDLERUSDPERP | +0.0036% | 1h | 2.5195 | −0.060% | $4K | — | 15x | as long as short |
| MEXC PENDLE_USDT | +0.0045% | 8h | 2.5204 | −0.024% | $17.0M | $2.3M | 125x | as long as short |
| Binance PENDLEUSDT | +0.0046% | 8h | 2.5196 | −0.057% | $27.4M | $39.1M | 75x | as long as short |
| Extended PENDLE-USD | +0.0048% | 1h | 2.5193 | −0.066% | $166K | $524K | 10x | as long as short |
Injective PENDLE/USDC PERP
Kraken Futures PF_PENDLEUSD
Deribit PENDLE_USDC-PERPETUAL
dYdX PENDLE-USD
BloFin PENDLE-USDT
Orderly PERP_PENDLE_USDC
Reya PENDLERUSDPERP
MEXC PENDLE_USDT
Binance PENDLEUSDT
Extended PENDLE-USDShow all 30 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni PENDLE | +0.0053% | 8h | 2.5229 | +0.074% | $621K | $2.3M | — | as long as short |
| Lighter PENDLElong | +0.0096% | 1h | 2.5210 | long leg | $548K | $396K | 5x | |
| Aevo PENDLE-PERP | +0.0096% | 1h | 2.5198 | −0.048% | $26K | — | 3x | as long as short |
| Paradex PENDLE-USD-PERP | +0.0100% | 8h | 2.5203 | −0.028% | $35K | $22K | 10x | as long as short |
| Hyperliquid PENDLE | +0.0100% | 1h | 2.5223 | +0.052% | $12.4M | $5.6M | 5x | as long as short |
| Aster PENDLEUSDT | +0.0100% | 8h | 2.5199 | −0.042% | $41K | $177K | 10x | as long as short |
| Bybit PENDLEUSDT | +0.0100% | 8h | 2.5170 | −0.159% | $15.6M | $11.9M | 50x | as long as short |
| OKX PENDLE-USDT-SWAP | +0.0100% | 4h | 2.5210 | 0.000% | $3.3M | $5.7M | 50x | as long as short |
| Gate PENDLE_USDTshort | +0.0100% | 8h | 2.5200 | −0.040% | $842K | $1.1M | 75x | |
| KuCoin PENDLEUSDTM | +0.0100% | 8h | 2.5217 | +0.028% | $917K | $610K | 50x | as long as short |
| Bitget PENDLEUSDT | +0.0100% | 8h | 2.5196 | −0.056% | $3.7M | $2.6M | 75x | as long as short |
| BingX PENDLE-USDT | +0.0100% | 8h | 2.5194 | −0.063% | — | $36.3M | — | as long as short |
| edgeX PENDLEUSDC | +0.0100% | 4h | 2.5210 | +0.002% | $25K | $412K | 10x | as long as short |
| GRVT PENDLE_USDT_Perp | +0.0100% | 8h | 2.5216 | +0.024% | $425K | $1.6M | 10x | as long as short |
| ApeX Omni PENDLEUSDT | +0.0100% | 1h | 2.5236 | +0.103% | $77K | $240K | 50x | as long as short |
| Polymarket Perps PENDLE-USD | +0.0100% | 1h | 2.5210 | 0.000% | $16K | $19K | 5x | as long as short |
| SunX PENDLE-USDT | +0.0100% | 8h | 2.5214 | +0.016% | $1K | $1.7M | 20x | as long as short |
| GMX PENDLE/USD [PENDLE-USDC] | L +0.0200% / S −0.0277% | 1h | 2.5218 | +0.030% | $5K | — | 100x | as long as short |
| Coinbase International PENDLE-PERP-INTX | +0.0560% | 1h | 2.5360 | +0.595% | $117K | $422K | 25x | as long as short |
| Backpack PENDLE_USDC_PERP | +0.0845% | 1h | 2.5239 | +0.115% | $365K | $460K | 15x | as long as short |
Variational Omni PENDLE
Aevo PENDLE-PERP
Paradex PENDLE-USD-PERP
Hyperliquid PENDLE
Aster PENDLEUSDT
Bybit PENDLEUSDT
OKX PENDLE-USDT-SWAP
KuCoin PENDLEUSDTM
Bitget PENDLEUSDT
BingX PENDLE-USDT
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