Settings8H · net · $10k
Funding arb · Price arb /

PENDLE

all PENDLE markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%
Price spread now: KuCoin against OKX+0.008%7-day average +0.006% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 7 days+0.024%+$2 on $10k
Price spread, last 7 days−0.092%−$9 · spread now +0.008%, 7d avg +0.006%
Together, before fees−0.068%−$7 on $10k · with fees, hour by hour
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongOKX PENDLE-USDT-SWAP2.53000.0100pay 0.0050% / 4h2h 26m$3.3M$5.7M50x
ShortKuCoin PENDLEUSDTM2.53020.0100get 0.0100% / 8h2h 26m$915K$609K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

KuCoin against OKX. Falling: the short leg gains. Rising: it loses.
latest
Price spreadloading…

Funding on every exchange

click an exchange to add or hide it
latest
How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Funding earned
$0
Price spread: +0.008% → +0.006%
$0.23
Slippage, 4 orders
no order book: not counted
Fee OKX: 5 bp × 2 orders
−$10
Fee KuCoin: 6 bp × 2 orders
−$12
Net
−$21.77
Costs to cover
0.220%
Break-even
never at this rate
Slippage unknown: OKX: live order book, 1 min ago; KuCoin: live order book, 57 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy OKX live order book, 1 min ago3.96 bp19.4 bp −$19184.5 bp −$1,845doesn't fitdoesn't fit
Sell KuCoin live order book, 57 min ago5.91 bpdoesn't fitdoesn't fitdoesn't fitdoesn't fit

PENDLE on 30 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Injective PENDLE/USDC PERP−0.4806%1h2.4930−1.462%$2K$7K5.5xas long as short
Kraken Futures PF_PENDLEUSD−0.0427%1h2.5324+0.096%$151K$279K20xas long as short
dYdX PENDLE-USD0.0000%1h2.5309+0.036%$11K5xas long as short
Deribit PENDLE_USDC-PERPETUAL0.0000%1h2.5293−0.028%$30K$10K10xas long as short
ApeX Omni PENDLEUSDT+0.0026%1h2.5183−0.462%$77K$240K50xas long as short
Variational Omni PENDLE+0.0034%8h2.5159−0.558%$608K$2.3Mas long as short
Orderly PERP_PENDLE_USDC+0.0035%8h2.5295−0.020%$25K$11K10xas long as short
Reya PENDLERUSDPERP+0.0036%1h2.5284−0.062%$4K15xas long as short
MEXC PENDLE_USDT+0.0052%8h2.5313+0.051%$17.0M$2.2M125xas long as short
Binance PENDLEUSDT+0.0055%8h2.5304+0.016%$27.6M$39.2M75xas long as short
Show all 30 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Extended PENDLE-USD+0.0056%1h2.5289−0.044%$166K$524K10xas long as short
BloFin PENDLE-USDT+0.0058%8h2.5265−0.138%$1.3M$748K75xas long as short
Lighter PENDLE+0.0096%1h2.5313+0.051%$547K$385K5xas long as short
Aevo PENDLE-PERP+0.0096%1h2.5286−0.057%$26K3xas long as short
Paradex PENDLE-USD-PERP+0.0100%8h2.5294−0.023%$35K$22K10xas long as short
Hyperliquid PENDLE+0.0100%1h2.5315+0.059%$12.4M$5.6M5xas long as short
Aster PENDLEUSDT+0.0100%8h2.5285−0.058%$41K$177K10xas long as short
Bybit PENDLEUSDT+0.0100%8h2.5280−0.079%$15.6M$12.2M50xas long as short
OKX PENDLE-USDT-SWAPlong+0.0100%4h2.5300long leg$3.3M$5.7M50x
Gate PENDLE_USDT+0.0100%8h2.5290−0.040%$850K$1.1M75xas long as short
KuCoin PENDLEUSDTMshort+0.0100%8h2.5302+0.008%$915K$609K50x
Bitget PENDLEUSDT+0.0100%8h2.5293−0.028%$3.8M$2.6M75xas long as short
BingX PENDLE-USDT+0.0100%8h2.5295−0.020%$36.3Mas long as short
edgeX PENDLEUSDC+0.0100%4h2.5176−0.488%$25K$413K10xas long as short
GRVT PENDLE_USDT_Perp+0.0100%8h2.5198−0.403%$416K$1.6M10xas long as short
Polymarket Perps PENDLE-USD+0.0100%1h2.5296−0.016%$16K$19K5xas long as short
SunX PENDLE-USDT+0.0100%8h2.5286−0.055%$1K$1.7M20xas long as short
GMX PENDLE/USD [PENDLE-USDC]L +0.0200% / S −0.0277%1h2.5290−0.040%$5K100xas long as short
Coinbase International PENDLE-PERP-INTX+0.0560%1h2.5320+0.079%$117K$433K25xas long as short
Backpack PENDLE_USDC_PERP+0.0799%1h2.5341+0.162%$367K$465K15xas long as short