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% APRnext payment +$0.00 per $10,000 · paid last 24h −0.037%
Price spread now: Bybit against SunX−0.072%7-day average −0.062% · you buy dearer than you sell
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−0.188%−$19 on $10k
Price spread, last 3 days (all we have)+0.154%+$15 · spread now −0.072%, 7d avg −0.062%
Together, before fees−0.034%−$3 on $10k · with fees, hour by hour
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongSunX PENDLE-USDT2.51180.0100pay 0.0100% / 8h1h 56m$2K$1.7M20x
ShortBybit PENDLEUSDT2.51000.0100get 0.0100% / 8h1h 56m$15.5M$11.9M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bybit 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

Funding earned
$0
Price spread: −0.072% → −0.062%
−$0.95
Slippage, 4 orders
no order book: not counted
Fee SunX: 4 bp × 2 orders
−$8
Fee Bybit: 5.5 bp × 2 orders
−$11
Net
−$19.95
Costs to cover
0.190%
Break-even
never at this rate
Slippage unknown: SunX: live order book, 9 min ago; Bybit: 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
LegHalf-spread$10k$100k$1M$5M
Buy SunX live order book, 9 min ago255.15 bpdoesn't fitdoesn't fitdoesn't fitdoesn't fit
Sell Bybit live order book, 2 min ago2.00 bp15.8 bp −$1645.4 bp −$454279.2 bp −$27.9Kdoesn'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−0.3656%1h2.4770−1.385%$2K$53K5.5xas long as short
Deribit PENDLE_USDC-PERPETUAL−0.0068%1h2.5113−0.020%$30K$10K10xas long as short
dYdX PENDLE-USD0.0000%1h2.5119+0.003%$11K5xas long as short
Orderly PERP_PENDLE_USDC+0.0032%8h2.5108−0.040%$20K$16K10xas long as short
Reya PENDLERUSDPERP+0.0038%1h2.5109−0.035%$4K15xas long as short
Extended PENDLE-USD+0.0040%1h2.5115−0.014%$165K$524K10xas long as short
MEXC PENDLE_USDT+0.0043%8h2.5101−0.068%$16.9M$2.1M125xas long as short
Binance PENDLEUSDT+0.0043%8h2.5111−0.028%$27.2M$39.6M75xas long as short
Variational Omni PENDLE+0.0053%8h2.5054−0.255%$615K$2.1Mas long as short
BloFin PENDLE-USDT+0.0068%8h2.5140+0.088%$1.3M$732K75xas long as short
Show all 30 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
ApeX Omni PENDLEUSDT+0.0077%1h2.5038−0.318%$76K$240K50xas long as short
Aevo PENDLE-PERP+0.0088%1h2.5101−0.069%$26K3xas long as short
Lighter PENDLE+0.0096%1h2.5110−0.032%$527K$421K5xas long as short
Paradex PENDLE-USD-PERP+0.0100%8h2.5109−0.037%$35K$20K10xas long as short
Aster PENDLEUSDT+0.0100%8h2.5119+0.004%$41K$172K10xas long as short
Bybit PENDLEUSDTshort+0.0100%8h2.5100−0.072%$15.5M$11.9M50x
OKX PENDLE-USDT-SWAP+0.0100%4h2.5120+0.008%$3.2M$5.8M50xas long as short
Gate PENDLE_USDT+0.0100%8h2.5110−0.032%$857K$1.1M75xas long as short
KuCoin PENDLEUSDTM+0.0100%8h2.5117−0.004%$895K$608K50xas long as short
Bitget PENDLEUSDT+0.0100%8h2.5110−0.032%$3.7M$2.7M75xas long as short
BingX PENDLE-USDT+0.0100%8h2.5111−0.028%$36.3Mas long as short
edgeX PENDLEUSDC+0.0100%4h2.5048−0.280%$25K$409K10xas long as short
GRVT PENDLE_USDT_Perp+0.0100%8h2.5032−0.343%$422K$1.6M10xas long as short
Polymarket Perps PENDLE-USD+0.0100%1h2.5127+0.036%$16K$19K5xas long as short
SunX PENDLE-USDTlong+0.0100%8h2.5118long leg$2K$1.7M20x
GMX PENDLE/USD [PENDLE-USDC]L +0.0200% / S −0.0277%1h2.5112−0.023%$5K100xas long as short
Hyperliquid PENDLE+0.0232%1h2.5147+0.115%$12.4M$5.7M5xas long as short
Coinbase International PENDLE-PERP-INTX+0.0592%1h2.5180+0.247%$117K$417K25xas long as short
Kraken Futures PF_PENDLEUSD+0.0749%1h2.5161+0.171%$150K$274K20xas long as short
Backpack PENDLE_USDC_PERP+0.1354%1h2.5163+0.179%$358K$460K15xas long as short