Funding you earn now, next payment 00:00 UTC+0.0057%/8h= +6.2% APRnext payment +$0.57 per $10,000 · paid last 24h +0.003%
Price spread now: Bitget against MEXC−0.032%7-day average −0.076% · you buy dearer than you sell
Net, funding: paid 7d − costs−$45as in the Funding arb table
Net, price: spread back to 7d avg − costs−$43as in the Price arb table
costs, in and out, $10k−$470.473% of the position
Funding, last 7 days+0.021%+$2 on $10k
+Price spread, last 7 days−0.076%−$8 · spread now −0.032%, 7d avg −0.076%
=Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Bitget is 0.044% dearer against MEXC than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of −0.076%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | MEXC PENDLE_USDT | 2.5076 | 0.0043 | pay 0.0043% / 8h | 2h 12m | $16.9M | $2.3M | 125x |
| Short | Bitget PENDLEUSDT | 2.5068 | 0.0100 | get 0.0100% / 8h | 2h 12m | $3.7M | $2.6M | 75x |
MEXC PENDLE_USDT
Bitget PENDLEUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget 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
- $11.97
- Price spread: −0.032% → −0.076%
- $4.42
- Slippage, 4 orders
- −$31.25
- Fee MEXC: 2 bp × 2 orders
- −$4
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$30.87
- Costs to cover
- 0.473%
- Break-even
- 25.1 days
Slippage from MEXC: live order book, 6 min ago; Bitget: 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 MEXC live order book, 6 min ago | 0.40 bp | 5.8 bp −$6 | 32.3 bp −$323 | 79.2 bp −$7,921 | doesn't fit |
| Sell Bitget live order book, 5 min ago | 1.99 bp | 22.6 bp −$23 | 47.0 bp −$470 | 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 | 2.4840 | −0.941% | $2K | $53K | 5.5x | as long as short |
| Kraken Futures PF_PENDLEUSD | −0.0431% | 1h | 2.5097 | +0.084% | $149K | $277K | 20x | as long as short |
| Deribit PENDLE_USDC-PERPETUAL | −0.0228% | 1h | 2.5091 | +0.060% | $30K | $10K | 10x | as long as short |
| dYdX PENDLE-USD | 0.0000% | 1h | 2.5079 | +0.013% | $11K | — | 5x | as long as short |
| Orderly PERP_PENDLE_USDC | +0.0034% | 8h | 2.5086 | +0.040% | $25K | $11K | 10x | as long as short |
| Reya PENDLERUSDPERP | +0.0037% | 1h | 2.5077 | +0.005% | $4K | — | 15x | as long as short |
| Extended PENDLE-USD | +0.0040% | 1h | 2.5075 | −0.005% | $165K | $524K | 10x | as long as short |
| MEXC PENDLE_USDTlong | +0.0043% | 8h | 2.5076 | long leg | $16.9M | $2.3M | 125x | |
| Binance PENDLEUSDT | +0.0045% | 8h | 2.5073 | −0.012% | $27.2M | $39.5M | 75x | as long as short |
| BloFin PENDLE-USDT | +0.0046% | 8h | 2.5067 | −0.036% | $1.3M | $738K | 75x | 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
BloFin PENDLE-USDTShow all 30 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni PENDLE | +0.0055% | 8h | 2.5174 | +0.390% | $619K | $2.1M | — | as long as short |
| ApeX Omni PENDLEUSDT | +0.0077% | 1h | 2.5130 | +0.215% | $77K | $239K | 50x | as long as short |
| Aevo PENDLE-PERP | +0.0088% | 1h | 2.5084 | +0.030% | $26K | — | 3x | as long as short |
| Lighter PENDLE | +0.0096% | 1h | 2.5080 | +0.016% | $544K | $397K | 5x | as long as short |
| Paradex PENDLE-USD-PERP | +0.0100% | 8h | 2.5089 | +0.051% | $35K | $22K | 10x | as long as short |
| Hyperliquid PENDLE | +0.0100% | 1h | 2.5101 | +0.100% | $12.3M | $5.7M | 5x | as long as short |
| Aster PENDLEUSDT | +0.0100% | 8h | 2.5078 | +0.008% | $41K | $172K | 10x | as long as short |
| Bybit PENDLEUSDT | +0.0100% | 8h | 2.5062 | −0.056% | $15.5M | $12.0M | 50x | as long as short |
| OKX PENDLE-USDT-SWAP | +0.0100% | 4h | 2.5080 | +0.016% | $3.2M | $5.7M | 50x | as long as short |
| Gate PENDLE_USDT | +0.0100% | 8h | 2.5040 | −0.144% | $848K | $1.1M | 75x | as long as short |
| KuCoin PENDLEUSDTM | +0.0100% | 8h | 2.5071 | −0.020% | $892K | $606K | 50x | as long as short |
| Bitget PENDLEUSDTshort | +0.0100% | 8h | 2.5068 | −0.032% | $3.7M | $2.6M | 75x | |
| BingX PENDLE-USDT | +0.0100% | 8h | 2.5068 | −0.032% | — | $36.3M | — | as long as short |
| edgeX PENDLEUSDC | +0.0100% | 4h | 2.5135 | +0.235% | $25K | $413K | 10x | as long as short |
| GRVT PENDLE_USDT_Perp | +0.0100% | 8h | 2.5173 | +0.389% | $425K | $1.6M | 10x | as long as short |
| Polymarket Perps PENDLE-USD | +0.0100% | 1h | 2.5111 | +0.140% | $16K | $19K | 5x | as long as short |
| SunX PENDLE-USDT | +0.0100% | 8h | 2.5097 | +0.084% | $2K | $1.7M | 20x | as long as short |
| GMX PENDLE/USD [PENDLE-USDC] | L +0.0200% / S −0.0277% | 1h | 2.5089 | +0.052% | $5K | — | 100x | as long as short |
| Coinbase International PENDLE-PERP-INTX | +0.0560% | 1h | 2.5210 | +0.534% | $116K | $419K | 25x | as long as short |
| Backpack PENDLE_USDC_PERP | +0.0841% | 1h | 2.5083 | +0.028% | $362K | $460K | 15x | as long as short |
Variational Omni PENDLE
ApeX Omni PENDLEUSDT
Aevo PENDLE-PERP
Lighter PENDLE
Paradex PENDLE-USD-PERP
Hyperliquid PENDLE
Aster PENDLEUSDT
Bybit PENDLEUSDT
OKX PENDLE-USDT-SWAP
Gate PENDLE_USDT
KuCoin PENDLEUSDTM
BingX PENDLE-USDT
edgeX PENDLEUSDC
GRVT PENDLE_USDT_Perp
Polymarket Perps PENDLE-USD
SunX PENDLE-USDT
GMX PENDLE/USD [PENDLE-USDC]
Coinbase International PENDLE-PERP-INTX
Backpack PENDLE_USDC_PERP