Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.037%
Price spread now: Bybit against OKX−0.040%7-day average −0.020% · you buy dearer than you sell
Net, funding: paid 7d − costs−$98as in the Funding arb table
Net, price: spread back to 7d avg − costs−$83as in the Price arb table
costs, in and out, $10k−$810.814% of the position
Funding, last 7 days−0.164%−$16 on $10k
+Price spread, last 7 days−0.024%−$2 · spread now −0.040%, 7d avg −0.020%
=| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | OKX PENDLE-USDT-SWAP | 2.5100 | 0.0100 | pay 0.0050% / 4h | 2h 15m | $3.2M | $5.7M | 50x |
| Short | Bybit PENDLEUSDT | 2.5090 | 0.0100 | get 0.0100% / 8h | 2h 15m | $15.5M | $12.0M | 50x |
OKX PENDLE-USDT-SWAP
Bybit PENDLEUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit against OKX. 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
- Price spread: −0.040% → −0.020%
- −$2
- Slippage, 4 orders
- −$60.36
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$83.35
- Costs to cover
- 0.814%
- Break-even
- never at this rate
Slippage from OKX: live order book, 2 min ago; Bybit: live order book, 3 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 OKX live order book, 2 min ago | 1.98 bp | 16.8 bp −$17 | 148.0 bp −$1,480 | doesn't fit | doesn't fit |
| Sell Bybit live order book, 3 min ago | 3.97 bp | 25.3 bp −$25 | 50.3 bp −$503 | 299.9 bp −$30.0K | 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 | +0.398% | $2K | $53K | 5.5x | as long as short |
| Kraken Futures PF_PENDLEUSD | −0.0429% | 1h | 2.5256 | +0.622% | $150K | $277K | 20x | as long as short |
| Deribit PENDLE_USDC-PERPETUAL | −0.0186% | 1h | 2.5191 | +0.363% | $30K | $10K | 10x | as long as short |
| dYdX PENDLE-USD | 0.0000% | 1h | 2.5196 | +0.381% | $11K | — | 5x | as long as short |
| BloFin PENDLE-USDT | +0.0020% | 8h | 2.5190 | +0.359% | $1.3M | $741K | 75x | as long as short |
| Orderly PERP_PENDLE_USDC | +0.0034% | 8h | 2.5189 | +0.355% | $25K | $11K | 10x | as long as short |
| Reya PENDLERUSDPERP | +0.0036% | 1h | 2.5097 | −0.012% | $4K | — | 15x | as long as short |
| Binance PENDLEUSDT | +0.0045% | 8h | 2.5104 | +0.016% | $27.3M | $39.2M | 75x | as long as short |
| MEXC PENDLE_USDT | +0.0045% | 8h | 2.5094 | −0.024% | $16.9M | $2.3M | 125x | as long as short |
| Extended PENDLE-USD | +0.0048% | 1h | 2.5154 | +0.215% | $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
Binance PENDLEUSDT
MEXC PENDLE_USDT
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 | +0.512% | $621K | $2.3M | — | as long as short |
| ApeX Omni PENDLEUSDT | +0.0075% | 1h | 2.5188 | +0.351% | $77K | $239K | 50x | as long as short |
| Lighter PENDLE | +0.0096% | 1h | 2.5185 | +0.339% | $547K | $396K | 5x | as long as short |
| Aevo PENDLE-PERP | +0.0096% | 1h | 2.5187 | +0.345% | $26K | — | 3x | as long as short |
| Paradex PENDLE-USD-PERP | +0.0100% | 8h | 2.5169 | +0.276% | $35K | $22K | 10x | as long as short |
| Hyperliquid PENDLE | +0.0100% | 1h | 2.5126 | +0.104% | $12.3M | $5.6M | 5x | as long as short |
| Aster PENDLEUSDT | +0.0100% | 8h | 2.5147 | +0.186% | $41K | $177K | 10x | as long as short |
| Bybit PENDLEUSDTshort | +0.0100% | 8h | 2.5090 | −0.040% | $15.5M | $12.0M | 50x | |
| OKX PENDLE-USDT-SWAPlong | +0.0100% | 4h | 2.5100 | long leg | $3.2M | $5.7M | 50x | |
| Gate PENDLE_USDT | +0.0100% | 8h | 2.5180 | +0.319% | $841K | $1.1M | 75x | as long as short |
| KuCoin PENDLEUSDTM | +0.0100% | 8h | 2.5093 | −0.028% | $912K | $610K | 50x | as long as short |
| Bitget PENDLEUSDT | +0.0100% | 8h | 2.5095 | −0.020% | $3.7M | $2.6M | 75x | as long as short |
| BingX PENDLE-USDT | +0.0100% | 8h | 2.5092 | −0.032% | — | $36.3M | — | as long as short |
| edgeX PENDLEUSDC | +0.0100% | 4h | 2.5193 | +0.370% | $25K | $412K | 10x | as long as short |
| GRVT PENDLE_USDT_Perp | +0.0100% | 8h | 2.5173 | +0.293% | $425K | $1.6M | 10x | as long as short |
| Polymarket Perps PENDLE-USD | +0.0100% | 1h | 2.5123 | +0.092% | $16K | $19K | 5x | as long as short |
| SunX PENDLE-USDT | +0.0100% | 8h | 2.5194 | +0.375% | $1K | $1.7M | 20x | as long as short |
| GMX PENDLE/USD [PENDLE-USDC] | L +0.0200% / S −0.0277% | 1h | 2.5129 | +0.114% | $5K | — | 100x | as long as short |
| Coinbase International PENDLE-PERP-INTX | +0.0560% | 1h | 2.5360 | +1.036% | $117K | $422K | 25x | as long as short |
| Backpack PENDLE_USDC_PERP | +0.0850% | 1h | 2.5249 | +0.594% | $365K | $460K | 15x | as long as short |
Variational Omni PENDLE
ApeX Omni PENDLEUSDT
Lighter PENDLE
Aevo PENDLE-PERP
Paradex PENDLE-USD-PERP
Hyperliquid PENDLE
Aster PENDLEUSDT
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
Backpack PENDLE_USDC_PERP