Funding arb · Price arb / Crypto
PENDLE
All PENDLE markets →
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 1.7377 | +0.0100 | pay 0.0013% / 1h | 2m 35s | $25K | $227K | 25x | Long TxFlow5% off | |
| SHORT | 1.7449 | +0.0100 | get 0.0100% / 8h | 2m 35s | $2.5M | $12.5M | — | Short BingX |
Price gap+0.414%
Funding gap0.0000% /8h
Funding is ≈ 0, so this is a price-spread trade: +$30 on $10k if the gap goes back to its 7d average.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding+$80.0000% /8h now · paid +0.078% over the last 7D
Price+$30spread +0.414% now, avg +0.111% → +0.304% if it goes back
Costs−$460.457% of $10k · taker + slippage, in and out
Result−$7−0.07%+ Points / potential airdropTxFlow: points · farm boardWhat the last 7D really paid, hour by hour → backtest
Price and funding
1h · historyEntry / Exit
Price spread
Prices
Fundingper 8h
ENTRY / EXIT · 7D
Entry now—
Entry average—
Best entry—
Exit now—
Exit average—
Best exit—
Exit free—
PRICE SPREAD · 7D
Now+0.414%
Average—
Range—
Wider than now—
FUNDING SPREAD · 7D
Average /8h—
Highest—
Lowest—
Paid you—
Where the spread has been, last 7D▾
share of time at each level
Funding on every exchange
/8hPENDLE on 31 exchanges
lowest funding firstBefore you open
2 ok · 4 to watch- Watch: Large against open interest13.2 / 10.9 bp$10k is over 10% of TxFlow’s open interest.
- Note: Margin at max leverage$400 + —TxFlow 25x, BingX —. Keep about 2× this so a sharp move doesn’t liquidate one leg.
- Watch: Payment intervals differ1h / 8hPayments land at different times. Close right after the slower leg pays.Next 24h at the current rates, on $10k a leg: $0.00Long TxFlow: 24 payments, −$3.00; short BingX: 3 payments, +$3.00.
- OK: Entry gap works for you+0.414% vs +0.111%You short the dearer leg. If the gap goes back to average, the short gains.
- Watch: Long leg is thinner$25K vs $2.5M OITxFlow sets your exit cost. Check its book before closing.
- OK: Points on a legTxFlow pointsVolume here counts toward the points program.
- Watch: KYCTxFlow No · BingX YesAdvanced KYC to deposit or trade; unverified accounts can only withdraw, up to 20,000 USDT a day. Rules vary by region.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned+0.0037%/8h × 21 periods+$7.81
Price spread+0.414% → +0.111% (7d avg)+$30.37
Slippage, 4 orderslive order books−$26.67
Fee TxFlow bp × 2 orders−$9.00
Fee BingX bp × 2 orders−$10.00
Net · 7 days · $10k−$7.49
Costs to cover0.457%Break-even13.7 days
Slippage: TxFlow: live order book, 27 min ago; BingX: live order book, 5 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGTxFlow0.2813.2 bp−$1370.8 bp−$708doesn’t fitdoesn’t fit
SELL · SHORTBingX0.5710.9 bp−$1127.4 bp−$274182.2 bp−$18.2K374.6 bp−$187.3K
Closing costs about the same again.
| 09-24 18:20 | Phemex | Other | Phemex Futures TradFi Listing: ethereum:0xaea46a60368a7bd060eec7df8cba43b7ef41ad85, ethereum:0x5a98fcbea516cf06857215779fd812ca3bef1b32, $PENDLE, ethereum:0x455e53cbb86018ac2b8092fdcd39d8444affc3f6, $CAKE, $INJ 🔹 Trading Zone: Perpetual 🔹 Max Leverage: Up to 50x 🔹 Trading Starts: @Phemex_official on X ↗ |
| 09-24 09:36 | Phemex | Listing | new market PENDLEUSDT ($PENDLE) seen by our collector |
Phemex