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: OKX against SunX−0.087%7-day average −0.070% · 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−0.024%−$2 on $10k
Price spread, last 3 days (all we have)−0.200%−$20 · spread now −0.087%, 7d avg −0.070%
Together, before fees−0.224%−$22 on $10k · with fees, hour by hour
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongSunX PENDLE-USDT2.51920.0100pay 0.0100% / 8h2h 52m$2K$1.7M20x
ShortOKX PENDLE-USDT-SWAP2.51700.0100get 0.0050% / 4h2h 52m$3.2M$5.6M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

OKX 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: −0.087% → −0.070%
−$1.73
Slippage, 4 orders
no order book: not counted
Fee SunX: 4 bp × 2 orders
−$8
Fee OKX: 5 bp × 2 orders
−$10
Net
−$19.73
Costs to cover
0.180%
Break-even
never at this rate
Slippage unknown: SunX: live order book, 3 min ago; OKX: live order book, 1 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, 3 min ago500.21 bpdoesn't fitdoesn't fitdoesn't fitdoesn't fit
Sell OKX live order book, 1 min ago1.99 bp15.9 bp −$1666.5 bp −$665doesn'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%1h2.4860−1.318%$2K$7K5.5xas long as short
Kraken Futures PF_PENDLEUSD−0.0430%1h2.5180−0.046%$158K$259K20xas long as short
Deribit PENDLE_USDC-PERPETUAL−0.0107%1h2.5181−0.044%$30K$10K10xas long as short
dYdX PENDLE-USD0.0000%1h2.5190−0.009%$11K5xas long as short
Variational Omni PENDLE+0.0010%8h2.5125−0.266%$607K$2.3Mas long as short
Reya PENDLERUSDPERP+0.0034%1h2.5170−0.086%$4K15xas long as short
Orderly PERP_PENDLE_USDC+0.0035%8h2.5177−0.060%$23K$8K10xas long as short
Binance PENDLEUSDT+0.0037%8h2.5172−0.079%$27.5M$39.0M75xas long as short
MEXC PENDLE_USDT+0.0037%8h2.5174−0.071%$16.9M$2.2M125xas long as short
Extended PENDLE-USD+0.0040%1h2.5159−0.130%$165K$524K10xas long as short
Show all 30 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BloFin PENDLE-USDT+0.0041%8h2.5191−0.004%$1.3M$799K75xas long as short
Aster PENDLEUSDT+0.0078%8h2.5182−0.040%$41K$177K10xas long as short
Aevo PENDLE-PERP+0.0088%1h2.5177−0.058%$26K3xas long as short
Lighter PENDLE+0.0096%1h2.5173−0.075%$551K$376K5xas long as short
Paradex PENDLE-USD-PERP+0.0100%8h2.5165−0.105%$35K$22K10xas long as short
Hyperliquid PENDLE+0.0100%1h2.5201+0.036%$12.4M$5.5M5xas long as short
Bybit PENDLEUSDT+0.0100%8h2.5150−0.167%$15.6M$12.3M50xas long as short
OKX PENDLE-USDT-SWAPshort+0.0100%4h2.5170−0.087%$3.2M$5.6M50x
Gate PENDLE_USDT+0.0100%8h2.5170−0.087%$847K$1.1M75xas long as short
KuCoin PENDLEUSDTM+0.0100%8h2.5185−0.028%$908K$607K50xas long as short
Bitget PENDLEUSDT+0.0100%8h2.5178−0.056%$3.8M$2.6M75xas long as short
BingX PENDLE-USDT+0.0100%8h2.5172−0.079%$36.4Mas long as short
edgeX PENDLEUSDC+0.0100%4h2.5194+0.008%$25K$411K10xas long as short
GRVT PENDLE_USDT_Perp+0.0100%8h2.5218+0.103%$416K$1.6M10xas long as short
ApeX Omni PENDLEUSDT+0.0100%1h2.5100−0.365%$77K$239K50xas long as short
Polymarket Perps PENDLE-USD+0.0100%1h2.51920.000%$16K$19K5xas long as short
SunX PENDLE-USDTlong+0.0100%8h2.5192long leg$2K$1.7M20x
GMX PENDLE/USD [PENDLE-USDC]L +0.0200% / S −0.0277%1h2.5183−0.037%$5K100xas long as short
Coinbase International PENDLE-PERP-INTX+0.0560%1h2.5270+0.310%$118K$440K25xas long as short
Backpack PENDLE_USDC_PERP+0.0823%1h2.5227+0.139%$365K$466K15xas long as short