Settings8H · net · $10k
Funding arb · Price arb /

PENDLE

all PENDLE markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 01:00 UTC−0.0064%/8h= −7.0% APRnext payment $0.08 per $10,000 · paid last 24h −0.029%
Price spread now: dYdX against Aevo+0.145%7-day average · you sell dearer than you buy
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 5 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before feesneeds both histories
The price spread pays, funding is against you. dYdX is 0.145% dearer against Aevo than usual: you sell high and buy low (spread +0.145% now, against zero (this spread has no 7-day history yet)): +$15 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 7.6 days.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongAevo PENDLE-PERP2.52760.0064pay 0.0008% / 1h32m 04s$26K3x
ShortdYdX PENDLE-USD2.53130get 0.0000% / 1h32m 04s$11K5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

dYdX against Aevo. 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
−$13.44
Price spread: +0.145% → 0.000%
$14.53
Slippage, 4 orders
no order book: not counted
Fee Aevo: 8 bp × 2 orders
−$16
Fee dYdX: 5 bp × 2 orders
−$10
Net
−$24.91
Costs to cover
0.260%
Break-even
never at this rate
Slippage unknown: Aevo: no order-book sample; dYdX: no order-book sample. 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 Aevo no order-book sample
Sell dYdX no order-book sample
Aevo and dYdX: 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 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−0.4643%1h2.4970−1.212%$2K$54K5.5xas long as short
Deribit PENDLE_USDC-PERPETUAL−0.0106%1h2.5272−0.017%$26K$14K10xas long as short
Binance PENDLEUSDT−0.0082%8h2.5300+0.094%$27.3M$42.7M75xas long as short
Extended PENDLE-USD−0.0080%1h2.5278+0.006%$165K$656K10xas long as short
MEXC PENDLE_USDT−0.0080%8h2.5298+0.086%$17.1M$1.9M125xas long as short
BloFin PENDLE-USDT−0.0071%8h2.5279+0.011%$1.3M$704K75xas long as short
GRVT PENDLE_USDT_Perp−0.0066%8h2.5297+0.082%$428K$1.6M10xas long as short
ApeX Omni PENDLEUSDT−0.0060%1h2.5347+0.280%$77K$238K50xas long as short
Orderly PERP_PENDLE_USDC−0.0018%8h2.5279+0.011%$20K$16K10xas long as short
dYdX PENDLE-USDshort0.0000%1h2.5313+0.145%$11K5x
Show all 30 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Variational Omni PENDLE+0.0014%8h2.5291+0.059%$609K$1.9Mas long as short
Gate PENDLE_USDT+0.0023%8h2.5270−0.025%$786K$1.2M75xas long as short
Reya PENDLERUSDPERP+0.0050%1h2.5263−0.051%$4K15xas long as short
Aevo PENDLE-PERPlong+0.0064%1h2.5276long leg$26K3x
Aster PENDLEUSDT+0.0076%8h2.5294+0.071%$47K$178K10xas long as short
Lighter PENDLE+0.0096%1h2.5289+0.050%$537K$415K5xas long as short
Bybit PENDLEUSDT+0.0097%8h2.5290+0.054%$15.6M$12.0M50xas long as short
Paradex PENDLE-USD-PERP+0.0100%8h2.5249−0.109%$35K$18K10xas long as short
OKX PENDLE-USDT-SWAP+0.0100%4h2.5290+0.054%$3.2M$6.1M50xas long as short
KuCoin PENDLEUSDTM+0.0100%8h2.5315+0.153%$890K$592K50xas long as short
Bitget PENDLEUSDT+0.0100%8h2.5288+0.046%$3.8M$2.5M75xas long as short
BingX PENDLE-USDT+0.0100%8h2.5288+0.046%$35.7Mas long as short
edgeX PENDLEUSDC+0.0100%4h2.5293+0.068%$25K$382K10xas long as short
Polymarket Perps PENDLE-USD+0.0100%1h2.5274−0.009%$16K$20K5xas long as short
SunX PENDLE-USDT+0.0100%8h2.5304+0.110%$2K$1.8M20xas long as short
GMX PENDLE/USD [PENDLE-USDC]L +0.0203% / S −0.0382%1h2.5279+0.013%$7K100xas long as short
Hyperliquid PENDLE+0.0323%1h2.5361+0.335%$13.0M$6.4M5xas long as short
Kraken Futures PF_PENDLEUSD+0.0614%1h2.5350+0.291%$118K$293K20xas long as short
Coinbase International PENDLE-PERP-INTX+0.0728%1h2.5310+0.134%$140K$442K25xas long as short
Backpack PENDLE_USDC_PERP+0.0856%1h2.5341+0.256%$333K$486K15xas long as short