Funding you earn now, next payment 08:00 UTC+0.0028%/8h= +3.1% APRnext payment +$0.28 per $10,000 · paid last 24h −0.020%
Price spread now: Bybit against MEXC−0.044%7-day average −0.050% · you buy dearer than you sell
Net, funding: paid 7d − costs−$58as in the Funding arb table
Net, price: spread back to 7d avg − costs−$47as in the Price arb table
costs, in and out, $10k−$470.472% of the position
Funding, last 7 days−0.104%−$10 on $10k
+Price spread, last 7 days+0.054%+$5 · spread now −0.044%, 7d avg −0.050%
=The price spread sits at its 7-day average of −0.050%, so right now this pair is about funding alone: +$1 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair cost −0.104%, so the current rate has only just turned in your favour.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | MEXC PENDLE_USDT | 2.5151 | −0.0118 | get 0.0118% / 8h | 6h 31m | $17.4M | $1.8M | 125x |
| Short | Bybit PENDLEUSDT | 2.5140 | −0.0090 | pay 0.0090% / 8h | 6h 31m | $15.3M | $12.1M | 50x |
MEXC PENDLE_USDT
Bybit PENDLEUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit 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
- $5.92
- Price spread: −0.044% → −0.050%
- $0.65
- Slippage, 4 orders
- −$32.17
- Fee MEXC: 2 bp × 2 orders
- −$4
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$40.6
- Costs to cover
- 0.472%
- Break-even
- 55.0 days
Slippage from MEXC: live order book, 2 min ago; Bybit: live order book, 1 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 | 0.80 bp | 6.6 bp −$7 | 36.8 bp −$368 | 103.8 bp −$10.4K | doesn't fit |
| Sell Bybit live order book, 1 min ago | 3.98 bp | 15.9 bp −$16 | 48.5 bp −$485 | 485.0 bp −$48.5K | doesn't fit |
PENDLE on 29 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 | −0.4742% | 1h | 2.4830 | −1.276% | $2K | $54K | 5.5x | as long as short |
| Deribit PENDLE_USDC-PERPETUAL | −0.0704% | 1h | 2.5141 | −0.040% | $26K | $14K | 10x | as long as short |
| ApeX Omni PENDLEUSDT | −0.0249% | 1h | 2.5126 | −0.099% | $77K | $236K | 50x | as long as short |
| GRVT PENDLE_USDT_Perp | −0.0127% | 8h | 2.5147 | −0.016% | $422K | $1.7M | 10x | as long as short |
| Extended PENDLE-USD | −0.0120% | 1h | 2.5147 | −0.015% | $167K | $566K | 10x | as long as short |
| Binance PENDLEUSDT | −0.0118% | 8h | 2.5160 | +0.036% | $27.1M | $43.4M | 75x | as long as short |
| MEXC PENDLE_USDTlong | −0.0118% | 8h | 2.5151 | long leg | $17.4M | $1.8M | 125x | |
| Bybit PENDLEUSDTshort | −0.0090% | 8h | 2.5140 | −0.044% | $15.3M | $12.1M | 50x | |
| Variational Omni PENDLE | −0.0036% | 8h | 2.5186 | +0.140% | $600K | $1.8M | — | as long as short |
| Orderly PERP_PENDLE_USDC | −0.0036% | 8h | 2.5138 | −0.052% | $20K | $16K | 10x | as long as short |
Injective PENDLE/USDC PERP
Deribit PENDLE_USDC-PERPETUAL
ApeX Omni PENDLEUSDT
GRVT PENDLE_USDT_Perp
Extended PENDLE-USD
Binance PENDLEUSDT
Variational Omni PENDLE
Orderly PERP_PENDLE_USDCShow all 29 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster PENDLEUSDT | −0.0007% | 8h | 2.5165 | +0.057% | $50K | $181K | 10x | as long as short |
| dYdX PENDLE-USD | 0.0000% | 1h | 2.5178 | +0.107% | $11K | — | 5x | as long as short |
| Gate PENDLE_USDT | 0.0000% | 8h | 2.5120 | −0.123% | $763K | $1.2M | 75x | as long as short |
| Aevo PENDLE-PERP | +0.0048% | 1h | 2.5130 | −0.084% | $26K | — | 3x | as long as short |
| Reya PENDLERUSDPERP | +0.0054% | 1h | 2.5146 | −0.022% | $4K | — | 15x | as long as short |
| Lighter PENDLE | +0.0096% | 1h | 2.5131 | −0.080% | $535K | $414K | 5x | as long as short |
| Paradex PENDLE-USD-PERP | +0.0100% | 8h | 2.5167 | +0.065% | $35K | $16K | 10x | as long as short |
| OKX PENDLE-USDT-SWAP | +0.0100% | 4h | 2.5150 | −0.004% | $3.2M | $6.2M | 50x | as long as short |
| KuCoin PENDLEUSDTM | +0.0100% | 8h | 2.5148 | −0.012% | $868K | $595K | 50x | as long as short |
| Bitget PENDLEUSDT | +0.0100% | 8h | 2.5139 | −0.048% | $3.8M | $2.5M | 75x | as long as short |
| BingX PENDLE-USDT | +0.0100% | 8h | 2.5131 | −0.080% | — | $33.8M | — | as long as short |
| edgeX PENDLEUSDC | +0.0100% | 4h | 2.5129 | −0.089% | $25K | $381K | 10x | as long as short |
| Polymarket Perps PENDLE-USD | +0.0100% | 1h | 2.5178 | +0.107% | $16K | $20K | 5x | as long as short |
| SunX PENDLE-USDT | +0.0100% | 8h | 2.5150 | −0.004% | $2K | $1.8M | 20x | as long as short |
| Hyperliquid PENDLE | +0.0122% | 1h | 2.5193 | +0.167% | $12.9M | $6.4M | 5x | as long as short |
| GMX PENDLE/USD [PENDLE-USDC] | L +0.0158% / S −0.0256% | 1h | 2.5175 | +0.097% | $7K | — | 100x | as long as short |
| Backpack PENDLE_USDC_PERP | +0.0369% | 1h | 2.5196 | +0.179% | $353K | $483K | 15x | as long as short |
| Coinbase International PENDLE-PERP-INTX | +0.0632% | 1h | 2.5220 | +0.274% | $146K | $472K | 25x | as long as short |
| Kraken Futures PF_PENDLEUSD | +0.0865% | 1h | 2.5200 | +0.195% | $117K | $290K | 20x | as long as short |
Aster PENDLEUSDT
dYdX PENDLE-USD
Gate PENDLE_USDT
Aevo PENDLE-PERP
Reya PENDLERUSDPERP
Lighter PENDLE
Paradex PENDLE-USD-PERP
OKX PENDLE-USDT-SWAP
KuCoin PENDLEUSDTM
Bitget PENDLEUSDT
BingX PENDLE-USDT
edgeX PENDLEUSDC
Polymarket Perps PENDLE-USD
SunX PENDLE-USDT
Hyperliquid PENDLE
GMX PENDLE/USD [PENDLE-USDC]
Backpack PENDLE_USDC_PERP
Coinbase International PENDLE-PERP-INTX
Kraken Futures PF_PENDLEUSD