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 17:00 UTC+0.0178%/8h
paid, last 24h+0.099%paid, last 7 days+0.686%to open and close $10k−$37
Long on BinanceShort on Backpack
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBinance PENDLEUSDT2.58500.0100pay 0.0100% / 8h7h 34m$28.7M$33.9M75x
ShortBackpack PENDLE_USDC_PERP2.58910.0278get 0.0035% / 1h34m 06s$373K$451K15x

Funding history

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Funding on every exchange

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latest

Profit calculator

Funding earned
$37.45
Slippage, 4 orders
−$17.33
Fee Binance: 5 bp × 2 orders
−$10
Fee Backpack: 5 bp × 2 orders
−$10
Net
$0.12
Break-even
7.0 days
Slippage from Binance: live order book, 9 min ago; Backpack: live order book, 11 min ago.

Price risk

price view
Price gap now
+0.159%
Avg gap 7d
+0.109%
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 Binance live order book, 9 min ago0.19 bp11.1 bp −$1129.9 bp −$299doesn't fitdoesn't fit
Sell Backpack live order book, 11 min ago2.31 bp7.8 bp −$883.8 bp −$838doesn't fitdoesn't fit

PENDLE on 29 venues

lowest funding first. Swap a leg.
ExchangeFunding /8hEveryOIVol 24hMax lev
Injective PENDLE/USDC PERP−0.1875%1h$2K$6K5.5xas long as short
Variational Omni PENDLE−0.0276%8h$671K$2.4M—as long as short
Bybit PENDLEUSDT−0.0094%8h$16.1M$11.9M50xas long as short
dYdX PENDLE-USD0.0000%1h$11K—5xas long as short
Deribit PENDLE_USDC-PERPETUAL0.0000%1h$30K$11K10xas long as short
Reya PENDLERUSDPERP+0.0011%1h$4K—15xas long as short
Aster PENDLEUSDT+0.0012%8h$51K$128K10xas long as short
ApeX Omni PENDLEUSDT+0.0042%1h$79K$236K50xas long as short
Orderly PERP_PENDLE_USDC+0.0054%8h$20K$5K10xas long as short
Gate PENDLE_USDT+0.0092%8h$816K$1.1M75xas long as short
Show all 29 venues
ExchangeFunding /8hEveryOIVol 24hMax lev
Lighter PENDLE+0.0096%1h$563K$351K5xas long as short
Paradex PENDLE-USD-PERP+0.0100%8h$36K$30K10xas long as short
Hyperliquid PENDLE+0.0100%1h$12.2M$5.2M5xas long as short
Binance PENDLEUSDTlong+0.0100%8h$28.7M$33.9M75x
OKX PENDLE-USDT-SWAP+0.0100%4h$3.2M$5.0M50xas long as short
MEXC PENDLE_USDT+0.0100%8h$16.8M$2.1M125xas long as short
KuCoin PENDLEUSDTM+0.0100%8h$958K$530K50xas long as short
Bitget PENDLEUSDT+0.0100%8h$3.9M$2.6M75xas long as short
BingX PENDLE-USDT+0.0100%8h—$34.3M—as long as short
edgeX PENDLEUSDC+0.0100%4h$26K$416K10xas long as short
Polymarket Perps PENDLE-USD+0.0100%1h$16K$46K5xas long as short
SunX PENDLE-USDT+0.0100%8h$2K$1.5M20xas long as short
Extended PENDLE-USD+0.0104%1h$171K$520K10xas long as short
Aevo PENDLE-PERP+0.0104%1h$27K—3xas long as short
BloFin PENDLE-USDT+0.0128%8h$1.4M$857K75xas long as short
GMX PENDLE/USD [PENDLE-USDC]L +0.0200% / S −0.0272%1h$5K—100xas long as short
Backpack PENDLE_USDC_PERPshort+0.0278%1h$373K$451K15x
Coinbase International PENDLE-PERP-INTX+0.0432%1h$117K$430K25xas long as short
Kraken Futures PF_PENDLEUSD+0.1743%1h$163K$232K20xas long as short