PENDLE

Alert: funding

Alert: spread

Funding you earn now, next payment 16:00 UTC−0.0004%/8h= −0.4% APRnext payment −$0.04 per $10,000 · paid last 24h +0.001%

Price spread now: BloFin against Binance−0.049%91s7-day average −0.013% · you buy dearer than you sell

Net, funding: paid 7d − costs−$41as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$410.409% of the position

Long on Binance Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days0.000%$0 on $10k

Price spread, last 4 days (all we have)+0.301%+$30 · spread now −0.049%, 7d avg −0.013%

Together, before fees+0.301%+$30 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: BloFin is 0.037% cheaper against Binance than usual: you would sell low and buy high, −$4 on $10k if it goes back to its 7-day average of −0.013%. The two prices were read 91 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance PENDLEUSDT	2.4246	−0.0066	get 0.0066% / 8h	7h 37m	$25.4M	$45.8M	75x
Short	BloFin PENDLE-USDT	2.4234	−0.0069	pay 0.0069% / 8h	7h 37m	$1.1M	$504K	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin against Binance. 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

Position, each leg$Hold fordaysFee BinancebpFee BloFinbpOrdersPrice spread, now −0.049%Rate

Funding earned: −$0.77
Price spread: −0.049% → −0.013%: −$3.67
Slippage, 4 orders: −$18.95
Fee Binance: 5 bp × 2 orders: −$10
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$45.38
Costs to cover: 0.409%
Break-even: never at this rate

Slippage from Binance: live order book, 4 min ago; BloFin: live order book, 5 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Binance live order book, 4 min ago	1.44 bp	11.0 bp −$11	26.4 bp −$264	doesn't fit	doesn't fit
Sell BloFin live order book, 5 min ago	0.62 bp	9.2 bp −$9	22.2 bp −$222	doesn't fit	doesn't fit

PENDLE on 30 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Injective PENDLE/USDC PERP	−0.3627%	1h	2.4010	−0.973%	$2K	$55K	5.5x	as long as short
GRVT PENDLE_USDT_Perp	−0.0736%	8h	2.4270	+0.100%	$403K	$2.6M	10x	as long as short
Gate PENDLE_USDT	−0.0327%	8h	2.4240	−0.025%	$769K	$991K	75x	as long as short
Deribit PENDLE_USDC-PERPETUAL	−0.0162%	1h	2.4257	+0.045%	$25K	$16K	10x	as long as short
BloFin PENDLE-USDTshort	−0.0069%	8h	2.4234	−0.049%	$1.1M	$504K	75x
Binance PENDLEUSDTlong	−0.0066%	8h	2.4246	long leg	$25.4M	$45.8M	75x
MEXC PENDLE_USDT	−0.0065%	8h	2.4284	+0.157%	$18.0M	$2.1M	125x	as long as short
Extended PENDLE-USD	−0.0064%	1h	2.4265	+0.078%	$156K	$924K	10x	as long as short
Orderly PERP_PENDLE_USDC	−0.0014%	8h	2.4241	−0.021%	$18K	$15K	10x	as long as short
dYdX PENDLE-USD	0.0000%	1h	2.4263	+0.070%	$10K	—	5x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
ApeX Omni PENDLEUSDT	+0.0015%	1h	2.4235	−0.045%	$74K	$231K	50x	as long as short
Aster PENDLEUSDT	+0.0044%	8h	2.4243	−0.012%	$47K	$168K	10x	as long as short
Bybit PENDLEUSDT	+0.0058%	8h	2.4235	−0.045%	$14.0M	$11.9M	50x	as long as short
Aevo PENDLE-PERP	+0.0072%	1h	2.4240	−0.027%	$25K	—	3x	as long as short
Reya PENDLERUSDPERP	+0.0088%	1h	2.4251	+0.021%	$3K	—	15x	as long as short
Lighter PENDLE	+0.0096%	1h	2.4251	+0.021%	$522K	$429K	5x	as long as short
Paradex PENDLE-USD-PERP	+0.0100%	8h	2.4232	−0.058%	$34K	$3K	10x	as long as short
Hyperliquid PENDLE	+0.0100%	1h	2.4276	+0.124%	$12.7M	$6.0M	5x	as long as short
OKX PENDLE-USDT-SWAP	+0.0100%	4h	2.4290	+0.181%	$3.1M	$6.7M	50x	as long as short
KuCoin PENDLEUSDTM	+0.0100%	8h	2.4265	+0.078%	$687K	$600K	50x	as long as short
Bitget PENDLEUSDT	+0.0100%	8h	2.4270	+0.099%	$3.8M	$2.4M	75x	as long as short
BingX PENDLE-USDT	+0.0100%	8h	2.4262	+0.066%	—	$8.3M	—	as long as short
Variational Omni PENDLE	+0.0100%	8h	2.4221	−0.103%	$564K	$1.2M	—	as long as short
edgeX PENDLEUSDC	+0.0100%	4h	2.4231	−0.061%	$24K	$368K	10x	as long as short
Polymarket Perps PENDLE-USD	+0.0100%	1h	2.4260	+0.058%	$16K	$4K	5x	as long as short
SunX PENDLE-USDT	+0.0100%	8h	2.4275	+0.120%	$2K	$1.8M	20x	as long as short
GMX PENDLE/USD [PENDLE-USDC]	L +0.0196% / S −0.0222%	1h	2.4257	+0.044%	$5K	—	100x	as long as short
Coinbase International PENDLE-PERP-INTX	+0.0664%	1h	2.4310	+0.264%	$163K	$516K	25x	as long as short
Backpack PENDLE_USDC_PERP	+0.0706%	1h	2.4300	+0.223%	$358K	$432K	15x	as long as short
Kraken Futures PF_PENDLEUSD	+0.1277%	1h	2.4299	+0.219%	$115K	$253K	20x	as long as short