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

PENDLE

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Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

Funding spread now, next payment 16:00 UTC−0.0300%/8h
paid, last 24h−0.101%paid, last 7 days−0.685%to open and close $10k−$38
Long on BackpackShort on Binance
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBackpack PENDLE_USDC_PERP2.61810.0400pay 0.0050% / 1h21m 18s$371K$447K15x
ShortBinance PENDLEUSDT2.61660.0100get 0.0100% / 8h21m 18s$29.1M$32.7M75x

Funding history

latest
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Funding on every exchange

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latest

Profit calculator

Funding earned
−$62.9
Slippage, 4 orders
−$18.31
Fee Backpack: 5 bp × 2 orders
−$10
Fee Binance: 5 bp × 2 orders
−$10
Net
−$101.2
Break-even
never at this rate
Slippage from Backpack: live order book, 29 min ago; Binance: live order book, 7 min ago.

Price risk

price view
Price gap now
−0.056%
Avg gap 7d
−0.108%
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 Backpack live order book, 29 min ago0.19 bp10.9 bp −$1135.9 bp −$359doesn't fitdoesn't fit
Sell Binance live order book, 7 min ago0.76 bp8.6 bp −$926.3 bp −$263168.0 bp −$16.8Kdoesn't fit

PENDLE on 29 venues

lowest funding first. Swap a leg.
ExchangeFunding /8hEveryOIVol 24hMax lev
Injective PENDLE/USDC PERP−0.1178%1h$2K$6K5.5xas long as short
Variational Omni PENDLE−0.0253%8h$847K$2.2M—as long as short
Bybit PENDLEUSDT−0.0233%8h$16.2M$11.4M50xas long as short
Polymarket Perps PENDLE-USD−0.0044%1h$18K$57K5xas long as short
Gate PENDLE_USDT−0.0011%8h$813K$1.1M75xas long as short
dYdX PENDLE-USD0.0000%1h$11K—5xas long as short
Deribit PENDLE_USDC-PERPETUAL0.0000%1h$31K$10K10xas long as short
Reya PENDLERUSDPERP+0.0007%1h$4K—15xas long as short
Aster PENDLEUSDT+0.0028%8h$51K$125K10xas long as short
Orderly PERP_PENDLE_USDC+0.0054%8h$21K$4K10xas long as short
Show all 29 venues
ExchangeFunding /8hEveryOIVol 24hMax lev
Lighter PENDLE+0.0096%1h$570K$359K5xas long as short
Paradex PENDLE-USD-PERP+0.0100%8h$37K$30K10xas long as short
Hyperliquid PENDLE+0.0100%1h$12.3M$5.1M5xas long as short
Binance PENDLEUSDTshort+0.0100%8h$29.1M$32.7M75x
OKX PENDLE-USDT-SWAP+0.0100%4h$3.2M$4.9M50xas long as short
MEXC PENDLE_USDT+0.0100%8h$16.9M$2.1M125xas long as short
KuCoin PENDLEUSDTM+0.0100%8h$1.0M$484K50xas long as short
Bitget PENDLEUSDT+0.0100%8h$3.9M$2.6M75xas long as short
BingX PENDLE-USDT+0.0100%8h—$34.2M—as long as short
edgeX PENDLEUSDC+0.0100%4h$26K$415K10xas long as short
ApeX Omni PENDLEUSDT+0.0100%1h$79K$236K50xas long as short
SunX PENDLE-USDT+0.0100%8h$2K$1.5M20xas long as short
BloFin PENDLE-USDT+0.0104%8h$1.5M$853K75xas long as short
Extended PENDLE-USD+0.0104%1h$172K$520K10xas long as short
Aevo PENDLE-PERP+0.0104%1h$27K—3xas long as short
GMX PENDLE/USD [PENDLE-USDC]L +0.0200% / S −0.0269%1h$5K—100xas long as short
Backpack PENDLE_USDC_PERPlong+0.0400%1h$371K$447K15x
Coinbase International PENDLE-PERP-INTX+0.0496%1h$100K$400K25xas long as short
Kraken Futures PF_PENDLEUSD+0.1869%1h$167K$218K20xas long as short