Funding you earn now, next payment 00:00 UTC−0.0002%/8h= −0.2% APRnext payment −$0.02 per $10,000 · paid last 24h −0.002%
Price spread now: BloFin against MEXC−0.016%7-day average +0.002% · you buy dearer than you sell
Net, funding: paid 7d − costs−$37as in the Funding arb table
Net, price: spread back to 7d avg − costs−$39as in the Price arb table
costs, in and out, $10k−$370.371% of the position
Funding, last 7 days−0.003%$0 on $10k
+Price spread, last 3 days (all we have)+0.139%+$14 · spread now −0.016%, 7d avg +0.002%
=| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | MEXC PENDLE_USDT | 2.5016 | 0.0025 | pay 0.0025% / 8h | 1h 38m | $16.9M | $2.1M | 125x |
| Short | BloFin PENDLE-USDT | 2.5012 | 0.0023 | get 0.0023% / 8h | 1h 38m | $1.3M | $731K | 75x |
MEXC PENDLE_USDT
BloFin PENDLE-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin 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
- −$0.32
- Price spread: −0.016% → +0.002%
- −$1.78
- Slippage, 4 orders
- −$21.07
- Fee MEXC: 2 bp × 2 orders
- −$4
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$39.17
- Costs to cover
- 0.371%
- Break-even
- never at this rate
Slippage from MEXC: live order book, 5 min ago; BloFin: live order book, 4 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, 5 min ago | 1.80 bp | 7.0 bp −$7 | 29.5 bp −$295 | 93.5 bp −$9,351 | doesn't fit |
| Sell BloFin live order book, 4 min ago | 3.00 bp | 13.7 bp −$14 | 25.2 bp −$252 | 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 | −0.3656% | 1h | 2.4770 | −0.983% | $2K | $53K | 5.5x | as long as short |
| Deribit PENDLE_USDC-PERPETUAL | −0.0468% | 1h | 2.5044 | +0.112% | $30K | $10K | 10x | as long as short |
| dYdX PENDLE-USD | 0.0000% | 1h | 2.5043 | +0.109% | $11K | — | 5x | as long as short |
| BloFin PENDLE-USDTshort | +0.0023% | 8h | 2.5012 | −0.016% | $1.3M | $731K | 75x | |
| Extended PENDLE-USD | +0.0024% | 1h | 2.5011 | −0.018% | $164K | $526K | 10x | as long as short |
| Binance PENDLEUSDT | +0.0024% | 8h | 2.5020 | +0.017% | $27.1M | $40.1M | 75x | as long as short |
| MEXC PENDLE_USDTlong | +0.0025% | 8h | 2.5016 | long leg | $16.9M | $2.1M | 125x | |
| Orderly PERP_PENDLE_USDC | +0.0026% | 8h | 2.5037 | +0.084% | $20K | $16K | 10x | as long as short |
| Reya PENDLERUSDPERP | +0.0039% | 1h | 2.5036 | +0.079% | $4K | — | 15x | as long as short |
| ApeX Omni PENDLEUSDT | +0.0060% | 1h | 2.5020 | +0.016% | $76K | $240K | 50x | as long as short |
Injective PENDLE/USDC PERP
Deribit PENDLE_USDC-PERPETUAL
dYdX PENDLE-USD
Extended PENDLE-USD
Binance PENDLEUSDT
Orderly PERP_PENDLE_USDC
Reya PENDLERUSDPERP
ApeX Omni PENDLEUSDTShow all 30 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni PENDLE | +0.0065% | 8h | 2.5012 | −0.015% | $553K | $2.0M | — | as long as short |
| Aevo PENDLE-PERP | +0.0088% | 1h | 2.5040 | +0.097% | $26K | — | 3x | as long as short |
| Lighter PENDLE | +0.0096% | 1h | 2.5031 | +0.060% | $526K | $422K | 5x | as long as short |
| Paradex PENDLE-USD-PERP | +0.0100% | 8h | 2.5015 | −0.003% | $35K | $20K | 10x | as long as short |
| Hyperliquid PENDLE | +0.0100% | 1h | 2.5066 | +0.200% | $12.3M | $5.8M | 5x | as long as short |
| Aster PENDLEUSDT | +0.0100% | 8h | 2.5039 | +0.090% | $42K | $175K | 10x | as long as short |
| Bybit PENDLEUSDT | +0.0100% | 8h | 2.5010 | −0.024% | $15.4M | $11.8M | 50x | as long as short |
| OKX PENDLE-USDT-SWAP | +0.0100% | 4h | 2.5050 | +0.136% | $3.2M | $5.8M | 50x | as long as short |
| Gate PENDLE_USDT | +0.0100% | 8h | 2.5040 | +0.096% | $786K | $1.1M | 75x | as long as short |
| KuCoin PENDLEUSDTM | +0.0100% | 8h | 2.5037 | +0.084% | $893K | $608K | 50x | as long as short |
| Bitget PENDLEUSDT | +0.0100% | 8h | 2.5028 | +0.048% | $3.7M | $2.7M | 75x | as long as short |
| BingX PENDLE-USDT | +0.0100% | 8h | 2.5018 | +0.008% | — | $36.3M | — | as long as short |
| edgeX PENDLEUSDC | +0.0100% | 4h | 2.5004 | −0.048% | $25K | $410K | 10x | as long as short |
| GRVT PENDLE_USDT_Perp | +0.0100% | 8h | 2.4989 | −0.106% | $412K | $1.6M | 10x | as long as short |
| Polymarket Perps PENDLE-USD | +0.0100% | 1h | 2.5065 | +0.196% | $16K | $19K | 5x | as long as short |
| SunX PENDLE-USDT | +0.0100% | 8h | 2.5053 | +0.148% | $2K | $1.7M | 20x | as long as short |
| GMX PENDLE/USD [PENDLE-USDC] | L +0.0199% / S −0.0256% | 1h | 2.5056 | +0.159% | $5K | — | 100x | as long as short |
| Coinbase International PENDLE-PERP-INTX | +0.0592% | 1h | 2.5040 | +0.096% | $139K | $461K | 25x | as long as short |
| Kraken Futures PF_PENDLEUSD | +0.0751% | 1h | 2.5068 | +0.208% | $147K | $278K | 20x | as long as short |
| Backpack PENDLE_USDC_PERP | +0.0763% | 1h | 2.5079 | +0.252% | $356K | $461K | 15x | as long as short |
Variational Omni PENDLE
Aevo PENDLE-PERP
Lighter PENDLE
Paradex PENDLE-USD-PERP
Hyperliquid PENDLE
Aster PENDLEUSDT
Bybit PENDLEUSDT
OKX PENDLE-USDT-SWAP
Gate PENDLE_USDT
KuCoin PENDLEUSDTM
Bitget PENDLEUSDT
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
Kraken Futures PF_PENDLEUSD
Backpack PENDLE_USDC_PERP