Funding you earn now, next payment 00:00 UTC+0.0063%/8h= +6.9% APRnext payment +$0.63 per $10,000 · paid last 24h +0.003%
Price spread now: BingX against MEXC−0.008%7-day average −0.027% · you buy dearer than you sell
Net, funding: paid 7d − costs−$34as in the Funding arb table
Net, price: spread back to 7d avg − costs−$36as in the Price arb table
costs, in and out, $10k−$370.375% of the position
Funding, last 7 days+0.032%+$3 on $10k
+Price spread, last 7 days+0.009%+$1 · spread now −0.008%, 7d avg −0.027%
=The price spread sits at its 7-day average of −0.027%, so right now this pair is about funding alone: +$2 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | MEXC PENDLE_USDT | 2.5174 | 0.0037 | pay 0.0037% / 8h | 2h 51m | $16.9M | $2.2M | 125x |
| Short | BingX PENDLE-USDT | 2.5172 | 0.0100 | get 0.0100% / 8h | 2h 51m | — | $36.4M | — |
MEXC PENDLE_USDT
BingX PENDLE-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BingX against MEXC. 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
- $13.23
- Price spread: −0.008% → −0.027%
- $1.93
- Slippage, 4 orders
- −$23.48
- Fee MEXC: 2 bp × 2 orders
- −$4
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- −$22.31
- Costs to cover
- 0.375%
- Break-even
- 18.8 days
Slippage from MEXC: live order book, 2 min ago; BingX: live order book, 2 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 MEXC live order book, 2 min ago | 0.60 bp | 5.8 bp −$6 | 31.0 bp −$310 | 100.2 bp −$10.0K | doesn't fit |
| Sell BingX live order book, 2 min ago | 3.37 bp | 10.7 bp −$11 | 25.5 bp −$255 | 138.0 bp −$13.8K | 378.5 bp −$189.3K |
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 | 2.4860 | −1.247% | $2K | $7K | 5.5x | as long as short |
| Kraken Futures PF_PENDLEUSD | −0.0430% | 1h | 2.5180 | +0.026% | $158K | $259K | 20x | as long as short |
| Deribit PENDLE_USDC-PERPETUAL | −0.0107% | 1h | 2.5181 | +0.028% | $30K | $10K | 10x | as long as short |
| dYdX PENDLE-USD | 0.0000% | 1h | 2.5190 | +0.063% | $11K | — | 5x | as long as short |
| Variational Omni PENDLE | +0.0010% | 8h | 2.5125 | −0.195% | $607K | $2.3M | — | as long as short |
| Reya PENDLERUSDPERP | +0.0034% | 1h | 2.5170 | −0.015% | $4K | — | 15x | as long as short |
| Orderly PERP_PENDLE_USDC | +0.0035% | 8h | 2.5177 | +0.012% | $23K | $8K | 10x | as long as short |
| Binance PENDLEUSDT | +0.0037% | 8h | 2.5172 | −0.008% | $27.5M | $39.0M | 75x | as long as short |
| MEXC PENDLE_USDTlong | +0.0037% | 8h | 2.5174 | long leg | $16.9M | $2.2M | 125x | |
| Extended PENDLE-USD | +0.0040% | 1h | 2.5159 | −0.058% | $165K | $524K | 10x | as long as short |
Injective PENDLE/USDC PERP
Kraken Futures PF_PENDLEUSD
Deribit PENDLE_USDC-PERPETUAL
dYdX PENDLE-USD
Variational Omni PENDLE
Reya PENDLERUSDPERP
Orderly PERP_PENDLE_USDC
Binance PENDLEUSDT
Extended PENDLE-USDShow all 30 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BloFin PENDLE-USDT | +0.0041% | 8h | 2.5191 | +0.068% | $1.3M | $799K | 75x | as long as short |
| Aster PENDLEUSDT | +0.0078% | 8h | 2.5182 | +0.032% | $41K | $177K | 10x | as long as short |
| Aevo PENDLE-PERP | +0.0088% | 1h | 2.5177 | +0.014% | $26K | — | 3x | as long as short |
| Lighter PENDLE | +0.0096% | 1h | 2.5173 | −0.004% | $551K | $376K | 5x | as long as short |
| Paradex PENDLE-USD-PERP | +0.0100% | 8h | 2.5165 | −0.034% | $35K | $22K | 10x | as long as short |
| Hyperliquid PENDLE | +0.0100% | 1h | 2.5201 | +0.107% | $12.4M | $5.5M | 5x | as long as short |
| Bybit PENDLEUSDT | +0.0100% | 8h | 2.5150 | −0.095% | $15.6M | $12.3M | 50x | as long as short |
| OKX PENDLE-USDT-SWAP | +0.0100% | 4h | 2.5170 | −0.016% | $3.2M | $5.6M | 50x | as long as short |
| Gate PENDLE_USDT | +0.0100% | 8h | 2.5170 | −0.016% | $847K | $1.1M | 75x | as long as short |
| KuCoin PENDLEUSDTM | +0.0100% | 8h | 2.5185 | +0.044% | $908K | $607K | 50x | as long as short |
| Bitget PENDLEUSDT | +0.0100% | 8h | 2.5178 | +0.016% | $3.8M | $2.6M | 75x | as long as short |
| BingX PENDLE-USDTshort | +0.0100% | 8h | 2.5172 | −0.008% | — | $36.4M | — | |
| edgeX PENDLEUSDC | +0.0100% | 4h | 2.5194 | +0.080% | $25K | $411K | 10x | as long as short |
| GRVT PENDLE_USDT_Perp | +0.0100% | 8h | 2.5218 | +0.174% | $416K | $1.6M | 10x | as long as short |
| ApeX Omni PENDLEUSDT | +0.0100% | 1h | 2.5100 | −0.294% | $77K | $239K | 50x | as long as short |
| Polymarket Perps PENDLE-USD | +0.0100% | 1h | 2.5192 | +0.072% | $16K | $19K | 5x | as long as short |
| SunX PENDLE-USDT | +0.0100% | 8h | 2.5192 | +0.072% | $2K | $1.7M | 20x | as long as short |
| GMX PENDLE/USD [PENDLE-USDC] | L +0.0200% / S −0.0277% | 1h | 2.5183 | +0.034% | $5K | — | 100x | as long as short |
| Coinbase International PENDLE-PERP-INTX | +0.0560% | 1h | 2.5270 | +0.381% | $118K | $440K | 25x | as long as short |
| Backpack PENDLE_USDC_PERP | +0.0823% | 1h | 2.5227 | +0.211% | $365K | $466K | 15x | as long as short |
BloFin PENDLE-USDT
Aster PENDLEUSDT
Aevo PENDLE-PERP
Lighter PENDLE
Paradex PENDLE-USD-PERP
Hyperliquid PENDLE
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