Funding you earn now, next payment 00:00 UTC+0.0055%/8h= +6.1% APRpaid last 24h +0.034%
Price spread now: Bitget against Reya−0.006%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: +$2 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Reya PENDLERUSDPERP | 2.5207 | 0.0045 | pay 0.0006% / 1h | 34m 07s | $4K | — | 15x |
| Short | Bitget PENDLEUSDT | 2.5206 | 0.0100 | get 0.0100% / 8h | 34m 07s | $3.7M | $2.7M | 75x |
Reya PENDLERUSDPERP
Bitget PENDLEUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget against Reya. 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
- $11.63
- Price spread: −0.006% → 0.000%
- −$0.59
- Slippage, 4 orders
- no order book: not counted
- Fee Reya: 3 bp × 2 orders
- −$6
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$6.96
- Costs to cover
- 0.180%
- Break-even
- 11.2 days
Slippage unknown: Reya: no order-book sample; Bitget: live order book, 4 min ago. Net counts fees only.
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 Reya no order-book sample | — | — | — | — | — |
| Sell Bitget live order book, 4 min ago | 4.96 bp | 21.1 bp −$21 | 41.9 bp −$419 | doesn't fit | doesn't fit |
Reya: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
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 | −0.5000% | 1h | 2.4940 | −1.061% | $2K | $54K | 5.5x | as long as short |
| Deribit PENDLE_USDC-PERPETUAL | −0.0424% | 1h | 2.5217 | +0.038% | $30K | $10K | 10x | as long as short |
| ApeX Omni PENDLEUSDT | −0.0090% | 1h | 2.5215 | +0.030% | $77K | $239K | 50x | as long as short |
| BloFin PENDLE-USDT | −0.0054% | 8h | 2.5198 | −0.038% | $1.3M | $752K | 75x | as long as short |
| Binance PENDLEUSDT | −0.0027% | 8h | 2.5208 | +0.003% | $27.3M | $41.9M | 75x | as long as short |
| MEXC PENDLE_USDT | −0.0026% | 8h | 2.5209 | +0.006% | $17.1M | $1.9M | 125x | as long as short |
| Extended PENDLE-USD | −0.0024% | 1h | 2.5198 | −0.039% | $166K | $528K | 10x | as long as short |
| Orderly PERP_PENDLE_USDC | 0.0000% | 8h | 2.5213 | +0.022% | $20K | $16K | 10x | as long as short |
| dYdX PENDLE-USD | 0.0000% | 1h | 2.5242 | +0.136% | $11K | — | 5x | as long as short |
| Variational Omni PENDLE | +0.0043% | 8h | 2.5187 | −0.081% | $594K | $1.9M | — | as long as short |
Injective PENDLE/USDC PERP
Deribit PENDLE_USDC-PERPETUAL
ApeX Omni PENDLEUSDT
BloFin PENDLE-USDT
Binance PENDLEUSDT
MEXC PENDLE_USDT
Extended PENDLE-USD
Orderly PERP_PENDLE_USDC
dYdX PENDLE-USD
Variational Omni PENDLEShow all 30 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Reya PENDLERUSDPERPlong | +0.0045% | 1h | 2.5207 | long leg | $4K | — | 15x | |
| GRVT PENDLE_USDT_Perp | +0.0050% | 8h | 2.5225 | +0.068% | $418K | $1.6M | 10x | as long as short |
| Aevo PENDLE-PERP | +0.0072% | 1h | 2.5210 | +0.012% | $26K | — | 3x | as long as short |
| Lighter PENDLE | +0.0096% | 1h | 2.5219 | +0.046% | $531K | $415K | 5x | as long as short |
| Paradex PENDLE-USD-PERP | +0.0100% | 8h | 2.5212 | +0.019% | $35K | $18K | 10x | as long as short |
| Aster PENDLEUSDT | +0.0100% | 8h | 2.5239 | +0.125% | $46K | $177K | 10x | as long as short |
| Bybit PENDLEUSDT | +0.0100% | 8h | 2.5197 | −0.042% | $15.5M | $11.9M | 50x | as long as short |
| OKX PENDLE-USDT-SWAP | +0.0100% | 4h | 2.5200 | −0.030% | $3.2M | $6.1M | 50x | as long as short |
| Gate PENDLE_USDT | +0.0100% | 8h | 2.5200 | −0.030% | $783K | $1.2M | 75x | as long as short |
| KuCoin PENDLEUSDTM | +0.0100% | 8h | 2.5245 | +0.149% | $893K | $600K | 50x | as long as short |
| Bitget PENDLEUSDTshort | +0.0100% | 8h | 2.5206 | −0.006% | $3.7M | $2.7M | 75x | |
| BingX PENDLE-USDT | +0.0100% | 8h | 2.5214 | +0.026% | — | $35.7M | — | as long as short |
| edgeX PENDLEUSDC | +0.0100% | 4h | 2.5204 | −0.015% | $25K | $396K | 10x | as long as short |
| Polymarket Perps PENDLE-USD | +0.0100% | 1h | 2.5238 | +0.121% | $16K | $20K | 5x | as long as short |
| SunX PENDLE-USDT | +0.0100% | 8h | 2.5218 | +0.042% | $2K | $1.8M | 20x | as long as short |
| GMX PENDLE/USD [PENDLE-USDC] | L +0.0199% / S −0.0256% | 1h | 2.5230 | +0.091% | $5K | — | 100x | as long as short |
| Hyperliquid PENDLE | +0.0230% | 1h | 2.5271 | +0.252% | $12.7M | $6.1M | 5x | as long as short |
| Kraken Futures PF_PENDLEUSD | +0.0594% | 1h | 2.5266 | +0.232% | $120K | $299K | 20x | as long as short |
| Coinbase International PENDLE-PERP-INTX | +0.0600% | 1h | 2.5340 | +0.526% | $141K | $458K | 25x | as long as short |
| Backpack PENDLE_USDC_PERP | +0.0817% | 1h | 2.5256 | +0.192% | $329K | $491K | 15x | as long as short |
GRVT PENDLE_USDT_Perp
Aevo PENDLE-PERP
Lighter PENDLE
Paradex PENDLE-USD-PERP
Aster PENDLEUSDT
Bybit PENDLEUSDT
OKX PENDLE-USDT-SWAP
Gate PENDLE_USDT
KuCoin PENDLEUSDTM
BingX PENDLE-USDT
edgeX PENDLEUSDC
Polymarket Perps PENDLE-USD
SunX PENDLE-USDT
GMX PENDLE/USD [PENDLE-USDC]
Hyperliquid PENDLE
Kraken Futures PF_PENDLEUSD
Coinbase International PENDLE-PERP-INTX
Backpack PENDLE_USDC_PERP