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

PENDLE

all PENDLE markets
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Funding spread now, next payment 15:00 UTC−0.0338%/8h
next payment, per $10,000$0.42paid, last 24h−0.147%paid, last 3 days−0.955%to open and closeno order book
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBackpack PENDLE_USDC_PERP2.65420.0342pay 0.0043% / 1h1m 53s$375K$446K15x
ShortReya PENDLERUSDPERP2.65590.0004get 0.0000% / 1h1m 53s$4K15x

Funding history

latest
Range statsloading…

Funding on every exchange

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latest

Profit calculator

Funding earned
−$70.98
Slippage, 4 orders
no order book: not counted
Fee Backpack: 5 bp × 2 orders
−$10
Fee Reya: 3 bp × 2 orders
−$6
Net
−$86.98
Break-even
never at this rate
Slippage unknown: Backpack: live order book, 53 min ago; Reya: no order-book sample. Net counts fees only.

Price risk

price view
Price gap now
+0.063%
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 Backpack live order book, 53 min ago2.06 bp11.3 bp −$11doesn't fitdoesn't fitdoesn't fit
Sell Reya no order-book sample
Reya: 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−0.3627%1h$3K$52K5.5xas long as short
Variational Omni PENDLE−0.0225%8h$888K$2.1Mas long as short
Bybit PENDLEUSDT−0.0198%8h$16.5M$11.3M50xas long as short
Gate PENDLE_USDT−0.0027%8h$827K$1.0M75xas long as short
Deribit PENDLE_USDC-PERPETUAL−0.0014%1h$31K$10K10xas long as short
dYdX PENDLE-USD0.0000%1h$11K5xas long as short
Reya PENDLERUSDPERPshort+0.0004%1h$4K15x
Polymarket Perps PENDLE-USD+0.0015%1h$18K$65K5xas long as short
ApeX Omni PENDLEUSDT+0.0038%1h$80K$234K50xas long as short
Orderly PERP_PENDLE_USDC+0.0051%8h$22K$4K10xas long as short
Show all 29 venues
ExchangeFunding /8hEveryOIVol 24hMax lev
Aster PENDLEUSDT+0.0070%8h$51K$122K10xas long as short
Lighter PENDLE+0.0096%1h$577K$361K5xas long as short
Paradex PENDLE-USD-PERP+0.0100%8h$37K$31K10xas long as short
Hyperliquid PENDLE+0.0100%1h$12.6M$5.1M5xas long as short
Binance PENDLEUSDT+0.0100%8h$29.5M$31.8M75xas long as short
OKX PENDLE-USDT-SWAP+0.0100%4h$3.3M$4.8M50xas long as short
MEXC PENDLE_USDT+0.0100%8h$17.1M$2.1M125xas long as short
KuCoin PENDLEUSDTM+0.0100%8h$1.1M$465K50xas long as short
Bitget PENDLEUSDT+0.0100%8h$4.0M$2.6M75xas long as short
BingX PENDLE-USDT+0.0100%8h$34.1Mas long as short
edgeX PENDLEUSDC+0.0100%4h$26K$416K10xas long as short
SunX PENDLE-USDT+0.0100%8h$2K$1.4M20xas long as short
Extended PENDLE-USD+0.0104%1h$175K$520K10xas long as short
Aevo PENDLE-PERP+0.0104%1h$28K3xas long as short
BloFin PENDLE-USDT+0.0122%8h$1.5M$855K75xas long as short
GMX PENDLE/USD [PENDLE-USDC]L +0.0200% / S −0.0269%1h$5K100xas long as short
Backpack PENDLE_USDC_PERPlong+0.0342%1h$375K$446K15x
Coinbase International PENDLE-PERP-INTX+0.0368%1h$85K$366K25xas long as short
Kraken Futures PF_PENDLEUSD+0.1450%1h$171K$216K20xas long as short