data as of
Settings8H · net · $10k
Funding arb /

PENDLE

all PENDLE markets
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Funding spread now, next payment 18:00 UTC+0.0528%/8h
next payment, per $10,000+$0.66paid, last 24h−0.065%paid, last 5 days+0.020%to open and closeno order book
The current rate is far above what this pair has been paying: over the last 5 days it paid 0.020% in total (about 1.6% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.66 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongAevo PENDLE-PERP2.55890.0096pay 0.0012% / 1h40m 43s$27K3x
ShortCoinbase International PENDLE-PERP-INTX2.57200.0624get 0.0078% / 1h40m 43s$117K$466K25x

Funding history

latest
Range statsloading…

Funding on every exchange

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latest

Profit calculator

Funding earned
$110.88
Slippage, 4 orders
no order book: not counted
Fee Aevo: 8 bp × 2 orders
−$16
Fee Coinbase International: 5 bp × 2 orders
−$10
Net
$84.88
Break-even
1.6 days
Slippage unknown: Aevo: no order-book sample; Coinbase International: live order book, 59 min ago. Net counts fees only.

Price risk

price view
Price gap now
+0.512%
Avg gap 7d
A gap far from its average can cost days of funding.

Backtest

opened in the past, held until now, after costs
Backtest 7 daysBacktest 30 daysBacktest 90 daysopens the backtester with this pair and $10,000 a leg

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Aevo no order-book sample
Sell Coinbase International live order book, 59 min ago7.85 bp28.9 bp −$29doesn't fitdoesn't fitdoesn't fit
Aevo: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

PENDLE on 29 venues

lowest funding first. Swap a leg.
ExchangeFunding /8hEveryOIVol 24hMax lev
Injective PENDLE/USDC PERP−0.4421%1h$2K$7K5.5xas long as short
Variational Omni PENDLE−0.0127%8h$660K$2.2Mas long as short
Aster PENDLEUSDT−0.0009%8h$52K$139K10xas long as short
dYdX PENDLE-USD0.0000%1h$11K5xas long as short
Deribit PENDLE_USDC-PERPETUAL0.0000%1h$30K$11K10xas long as short
Reya PENDLERUSDPERP+0.0020%1h$4K15xas long as short
Orderly PERP_PENDLE_USDC+0.0044%8h$20K$4K10xas long as short
Binance PENDLEUSDT+0.0072%8h$28.0M$36.0M75xas long as short
Extended PENDLE-USD+0.0072%1h$169K$519K10xas long as short
MEXC PENDLE_USDT+0.0073%8h$17.1M$2.1M125xas long as short
Show all 29 venues
ExchangeFunding /8hEveryOIVol 24hMax lev
BloFin PENDLE-USDT+0.0075%8h$1.4M$823K75xas long as short
Lighter PENDLE+0.0096%1h$559K$358K5xas long as short
Aevo PENDLE-PERPlong+0.0096%1h$27K3x
Paradex PENDLE-USD-PERP+0.0100%8h$36K$28K10xas long as short
Hyperliquid PENDLE+0.0100%1h$12.3M$5.4M5xas long as short
Bybit PENDLEUSDT+0.0100%8h$16.0M$12.0M50xas long as short
OKX PENDLE-USDT-SWAP+0.0100%4h$3.4M$5.4M50xas long as short
Gate PENDLE_USDT+0.0100%8h$822K$1.0M75xas long as short
KuCoin PENDLEUSDTM+0.0100%8h$942K$603K50xas long as short
Bitget PENDLEUSDT+0.0100%8h$3.9M$2.7M75xas long as short
BingX PENDLE-USDT+0.0100%8h$34.3Mas long as short
edgeX PENDLEUSDC+0.0100%4h$25K$414K10xas long as short
ApeX Omni PENDLEUSDT+0.0100%1h$78K$237K50xas long as short
Polymarket Perps PENDLE-USD+0.0100%1h$16K$30K5xas long as short
SunX PENDLE-USDT+0.0100%8h$2K$1.6M20xas long as short
GMX PENDLE/USD [PENDLE-USDC]L +0.0200% / S −0.0272%1h$5K100xas long as short
Coinbase International PENDLE-PERP-INTXshort+0.0624%1h$117K$466K25x
Backpack PENDLE_USDC_PERP+0.0690%1h$377K$461K15xas long as short
Kraken Futures PF_PENDLEUSD+0.1426%1h$159K$257K20xas long as short