Funding you earn now, next payment 22:00 UTC+0.0745%/8h= +81.6% APRpaid last 24h +0.105%
Price spread now: Backpack against SunX+0.147%7-day average +0.112% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.656%+$66 on $10k
+Price spread, last 3 days (all we have)+0.099%+$10 · spread now +0.147%, 7d avg +0.112%
=Both sides work for this trade now. Funding pays +$22 a day on $10k at the current rate, and Backpack is 0.035% dearer against SunX than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of +0.112%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | SunX PENDLE-USDT | 2.5226 | 0.0100 | pay 0.0100% / 8h | 2h 18m | $1K | $1.7M | 20x |
| Short | Backpack PENDLE_USDC_PERP | 2.5263 | 0.0845 | get 0.0106% / 1h | 18m 09s | $365K | $464K | 15x |
SunX PENDLE-USDT
Backpack PENDLE_USDC_PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Backpack against SunX. 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
- $156.52
- Price spread: +0.147% → +0.112%
- $3.5
- Slippage, 4 orders
- no order book: not counted
- Fee SunX: 4 bp × 2 orders
- −$8
- Fee Backpack: 5 bp × 2 orders
- −$10
- Net
- $142.02
- Costs to cover
- 0.180%
- Break-even
- 0.6 days
Slippage unknown: SunX: live order book, 7 min ago; Backpack: live order book, 6 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 SunX live order book, 7 min ago | 500.22 bp | doesn't fit | doesn't fit | doesn't fit | doesn't fit |
| Sell Backpack live order book, 6 min ago | 1.77 bp | 10.4 bp −$10 | 30.4 bp −$304 | 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 | −0.4806% | 1h | 2.5210 | −0.063% | $49K | $30K | 5.5x | as long as short |
| Kraken Futures PF_PENDLEUSD | −0.0428% | 1h | 2.5279 | +0.211% | $150K | $279K | 20x | as long as short |
| Deribit PENDLE_USDC-PERPETUAL | −0.0344% | 1h | 2.5220 | −0.024% | $30K | $10K | 10x | as long as short |
| dYdX PENDLE-USD | 0.0000% | 1h | 2.5229 | +0.014% | $11K | — | 5x | as long as short |
| Orderly PERP_PENDLE_USDC | +0.0034% | 8h | 2.5218 | −0.032% | $25K | $11K | 10x | as long as short |
| Reya PENDLERUSDPERP | +0.0036% | 1h | 2.5219 | −0.026% | $4K | — | 15x | as long as short |
| Extended PENDLE-USD | +0.0048% | 1h | 2.5207 | −0.076% | $166K | $524K | 10x | as long as short |
| Binance PENDLEUSDT | +0.0049% | 8h | 2.5206 | −0.080% | $27.4M | $39.3M | 75x | as long as short |
| MEXC PENDLE_USDT | +0.0051% | 8h | 2.5206 | −0.079% | $17.0M | $2.3M | 125x | as long as short |
| Variational Omni PENDLE | +0.0053% | 8h | 2.5229 | +0.010% | $621K | $2.3M | — | as long as short |
Injective PENDLE/USDC PERP
Kraken Futures PF_PENDLEUSD
Deribit PENDLE_USDC-PERPETUAL
dYdX PENDLE-USD
Orderly PERP_PENDLE_USDC
Reya PENDLERUSDPERP
Extended PENDLE-USD
Binance PENDLEUSDT
MEXC PENDLE_USDT
Variational Omni PENDLEShow all 30 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BloFin PENDLE-USDT | +0.0069% | 8h | 2.5221 | −0.020% | $1.3M | $747K | 75x | as long as short |
| Lighter PENDLE | +0.0096% | 1h | 2.5220 | −0.024% | $548K | $396K | 5x | as long as short |
| Aevo PENDLE-PERP | +0.0096% | 1h | 2.5216 | −0.040% | $26K | — | 3x | as long as short |
| Paradex PENDLE-USD-PERP | +0.0100% | 8h | 2.5208 | −0.070% | $35K | $22K | 10x | as long as short |
| Hyperliquid PENDLE | +0.0100% | 1h | 2.5237 | +0.044% | $12.4M | $5.6M | 5x | as long as short |
| Aster PENDLEUSDT | +0.0100% | 8h | 2.5216 | −0.039% | $41K | $177K | 10x | as long as short |
| Bybit PENDLEUSDT | +0.0100% | 8h | 2.5198 | −0.111% | $15.6M | $12.1M | 50x | as long as short |
| OKX PENDLE-USDT-SWAP | +0.0100% | 4h | 2.5220 | −0.024% | $3.3M | $5.7M | 50x | as long as short |
| Gate PENDLE_USDT | +0.0100% | 8h | 2.5220 | −0.024% | $842K | $1.1M | 75x | as long as short |
| KuCoin PENDLEUSDTM | +0.0100% | 8h | 2.5240 | +0.055% | $918K | $611K | 50x | as long as short |
| Bitget PENDLEUSDT | +0.0100% | 8h | 2.5220 | −0.024% | $3.7M | $2.6M | 75x | as long as short |
| BingX PENDLE-USDT | +0.0100% | 8h | 2.5201 | −0.099% | — | $36.3M | — | as long as short |
| edgeX PENDLEUSDC | +0.0100% | 4h | 2.5246 | +0.079% | $25K | $411K | 10x | as long as short |
| GRVT PENDLE_USDT_Perp | +0.0100% | 8h | 2.5266 | +0.161% | $426K | $1.6M | 10x | as long as short |
| ApeX Omni PENDLEUSDT | +0.0100% | 1h | 2.5236 | +0.040% | $77K | $240K | 50x | as long as short |
| Polymarket Perps PENDLE-USD | +0.0100% | 1h | 2.5235 | +0.036% | $16K | $19K | 5x | as long as short |
| SunX PENDLE-USDTlong | +0.0100% | 8h | 2.5226 | long leg | $1K | $1.7M | 20x | |
| GMX PENDLE/USD [PENDLE-USDC] | L +0.0200% / S −0.0277% | 1h | 2.5229 | +0.011% | $5K | — | 100x | as long as short |
| Coinbase International PENDLE-PERP-INTX | +0.0560% | 1h | 2.5360 | +0.531% | $117K | $428K | 25x | as long as short |
| Backpack PENDLE_USDC_PERPshort | +0.0845% | 1h | 2.5263 | +0.147% | $365K | $464K | 15x |
BloFin PENDLE-USDT
Lighter PENDLE
Aevo PENDLE-PERP
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
ApeX Omni PENDLEUSDT
Polymarket Perps PENDLE-USD
GMX PENDLE/USD [PENDLE-USDC]
Coinbase International PENDLE-PERP-INTX