PENDLE

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0181%/8h= −19.8% APRnext payment −$1.81 per $10,000 · paid last 24h −0.018%

Price spread now: BloFin against SunX−0.055%7-day average −0.009% · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on SunX Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.086%−$9 on $10k

Price spread, last 3 days (all we have)+0.163%+$16 · spread now −0.055%, 7d avg −0.009%

Together, before fees+0.077%+$8 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$5 a day on $10k at the current rate, and BloFin is 0.046% cheaper against SunX than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of −0.009%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX PENDLE-USDT	2.5274	0.0100	pay 0.0100% / 8h	7h 40m	$2K	$1.8M	20x
Short	BloFin PENDLE-USDT	2.5260	−0.0081	pay 0.0081% / 8h	7h 40m	$1.3M	$711K	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin against SunX. 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

Position, each leg$Hold fordaysFee SunXbpFee BloFinbpOrdersPrice spread, now −0.055%Rate

Funding earned: −$38.01
Price spread: −0.055% → −0.009%: −$4.6
Slippage, 4 orders: no order book: not counted
Fee SunX: 4 bp × 2 orders: −$8
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$62.61
Costs to cover: 0.200%
Break-even: never at this rate

Slippage unknown: SunX: live order book, 5 min ago; BloFin: live order book, 2 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, 5 min ago	500.20 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell BloFin live order book, 2 min ago	0.79 bp	15.2 bp −$15	26.8 bp −$268	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	−0.4643%	1h	2.4970	−1.203%	$2K	$54K	5.5x	as long as short
Gate PENDLE_USDT	−0.0225%	8h	2.5270	−0.016%	$780K	$1.2M	75x	as long as short
Deribit PENDLE_USDC-PERPETUAL	−0.0185%	1h	2.5272	−0.008%	$26K	$14K	10x	as long as short
BloFin PENDLE-USDTshort	−0.0081%	8h	2.5260	−0.055%	$1.3M	$711K	75x
Extended PENDLE-USD	−0.0080%	1h	2.5279	+0.020%	$167K	$733K	10x	as long as short
Binance PENDLEUSDT	−0.0077%	8h	2.5293	+0.075%	$27.3M	$42.7M	75x	as long as short
MEXC PENDLE_USDT	−0.0074%	8h	2.5280	+0.024%	$17.1M	$1.9M	125x	as long as short
ApeX Omni PENDLEUSDT	−0.0054%	1h	2.5317	+0.170%	$77K	$238K	50x	as long as short
Orderly PERP_PENDLE_USDC	−0.0015%	8h	2.5270	−0.016%	$20K	$16K	10x	as long as short
dYdX PENDLE-USD	0.0000%	1h	2.5298	+0.094%	$11K	—	5x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT PENDLE_USDT_Perp	+0.0008%	8h	2.5291	+0.066%	$427K	$1.6M	10x	as long as short
Variational Omni PENDLE	+0.0013%	8h	2.5266	−0.031%	$610K	$1.9M	—	as long as short
Reya PENDLERUSDPERP	+0.0049%	1h	2.5278	+0.014%	$4K	—	15x	as long as short
Aevo PENDLE-PERP	+0.0064%	1h	2.5263	−0.044%	$26K	—	3x	as long as short
Bybit PENDLEUSDT	+0.0084%	8h	2.5290	+0.063%	$15.6M	$12.1M	50x	as long as short
Aster PENDLEUSDT	+0.0087%	8h	2.5280	+0.023%	$47K	$178K	10x	as long as short
Lighter PENDLE	+0.0096%	1h	2.5283	+0.036%	$535K	$413K	5x	as long as short
Paradex PENDLE-USD-PERP	+0.0100%	8h	2.5260	−0.057%	$35K	$18K	10x	as long as short
OKX PENDLE-USDT-SWAP	+0.0100%	4h	2.5290	+0.063%	$3.3M	$6.1M	50x	as long as short
KuCoin PENDLEUSDTM	+0.0100%	8h	2.5308	+0.135%	$888K	$593K	50x	as long as short
Bitget PENDLEUSDT	+0.0100%	8h	2.5266	−0.032%	$3.8M	$2.4M	75x	as long as short
BingX PENDLE-USDT	+0.0100%	8h	2.5291	+0.067%	—	$35.7M	—	as long as short
edgeX PENDLEUSDC	+0.0100%	4h	2.5337	+0.250%	$25K	$380K	10x	as long as short
Polymarket Perps PENDLE-USD	+0.0100%	1h	2.5299	+0.099%	$16K	$20K	5x	as long as short
SunX PENDLE-USDTlong	+0.0100%	8h	2.5274	long leg	$2K	$1.8M	20x
Hyperliquid PENDLE	+0.0158%	1h	2.5328	+0.214%	$12.9M	$6.3M	5x	as long as short
GMX PENDLE/USD [PENDLE-USDC]	L +0.0203% / S −0.0382%	1h	2.5284	+0.040%	$7K	—	100x	as long as short
Kraken Futures PF_PENDLEUSD	+0.0615%	1h	2.5319	+0.178%	$118K	$294K	20x	as long as short
Coinbase International PENDLE-PERP-INTX	+0.0728%	1h	2.5360	+0.340%	$141K	$441K	25x	as long as short
Backpack PENDLE_USDC_PERP	+0.0873%	1h	2.5322	+0.190%	$333K	$487K	15x	as long as short