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

PENDLE

all PENDLE markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%
Price spread now: Bitget against BingX−0.041%7-day average −0.047% · you buy dearer than you sell
Net, funding: paid 7d − costs−$66as in the Funding arb table
Net, price: spread back to 7d avg − costs−$63as in the Price arb table
costs, in and out, $10k−$640.641% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.015%−$2 on $10k
Price spread, last 7 days−0.062%−$6 · spread now −0.041%, 7d avg −0.047%
Together, before fees−0.077%−$8 on $10k · with fees, hour by hour
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBingX PENDLE-USDT2.45060.0100pay 0.0100% / 8h3h 08m$8.4M
ShortBitget PENDLEUSDT2.44960.0100get 0.0100% / 8h3h 08m$3.6M$2.3M75x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bitget against BingX. 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
$0
Price spread: −0.041% → −0.047%
$0.63
Slippage, 4 orders
−$42.09
Fee BingX: 5 bp × 2 orders
−$10
Fee Bitget: 6 bp × 2 orders
−$12
Net
−$63.47
Costs to cover
0.641%
Break-even
never at this rate
Slippage from BingX: live order book, 14 min ago; Bitget: live order book, 4 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy BingX live order book, 14 min ago3.67 bp12.6 bp −$1322.7 bp −$227190.0 bp −$19.0K429.2 bp −$214.6K
Sell Bitget live order book, 4 min ago0.20 bp16.5 bp −$1740.5 bp −$405doesn't fitdoesn't fit

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−0.4243%1h2.4300−0.841%$2K$54K5.5xas long as short
Gate PENDLE_USDT−0.0064%8h2.4470−0.147%$718K$1.1M75xas long as short
Binance PENDLEUSDT−0.0050%8h2.4515+0.037%$25.9M$44.5M75xas long as short
MEXC PENDLE_USDT−0.0049%8h2.4509+0.012%$17.4M$2.0M125xas long as short
Extended PENDLE-USD−0.0048%1h2.4503−0.013%$158K$579K10xas long as short
Orderly PERP_PENDLE_USDC−0.0037%8h2.4516+0.041%$19K$15K10xas long as short
ApeX Omni PENDLEUSDT−0.0036%1h2.4519+0.053%$75K$234K50xas long as short
BloFin PENDLE-USDT−0.0036%8h2.4449−0.233%$1.1M$592K75xas long as short
dYdX PENDLE-USD0.0000%1h2.4483−0.096%$10K5xas long as short
Deribit PENDLE_USDC-PERPETUAL0.0000%1h2.4532+0.106%$24K$15K10xas long as short
Show all 30 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aster PENDLEUSDT+0.0042%8h2.4524+0.073%$46K$172K10xas long as short
GRVT PENDLE_USDT_Perp+0.0051%8h2.4601+0.388%$417K$2.1M10xas long as short
Reya PENDLERUSDPERP+0.0071%1h2.4512+0.025%$3K15xas long as short
Aevo PENDLE-PERP+0.0072%1h2.4508+0.009%$26K3xas long as short
Variational Omni PENDLE+0.0078%8h2.4500−0.023%$550K$1.4Mas long as short
Lighter PENDLE+0.0096%1h2.4509+0.012%$516K$431K5xas long as short
Paradex PENDLE-USD-PERP+0.0100%8h2.4495−0.045%$34K$11K10xas long as short
Bybit PENDLEUSDT+0.0100%8h2.4510+0.016%$14.4M$12.0M50xas long as short
OKX PENDLE-USDT-SWAP+0.0100%4h2.4530+0.098%$3.1M$6.4M50xas long as short
KuCoin PENDLEUSDTM+0.0100%8h2.4492−0.057%$864K$557K50xas long as short
Bitget PENDLEUSDTshort+0.0100%8h2.4496−0.041%$3.6M$2.3M75x
BingX PENDLE-USDTlong+0.0100%8h2.4506long leg$8.4M
edgeX PENDLEUSDC+0.0100%4h2.4521+0.061%$24K$374K10xas long as short
Polymarket Perps PENDLE-USD+0.0100%1h2.4534+0.114%$16K$7K5xas long as short
SunX PENDLE-USDT+0.0100%8h2.4529+0.094%$1K$1.8M20xas long as short
GMX PENDLE/USD [PENDLE-USDC]L +0.0196% / S −0.0222%1h2.4513+0.027%$5K100xas long as short
Hyperliquid PENDLE+0.0291%1h2.4565+0.241%$12.7M$6.0M5xas long as short
Coinbase International PENDLE-PERP-INTX+0.0640%1h2.4540+0.139%$150K$508K25xas long as short
Backpack PENDLE_USDC_PERP+0.0693%1h2.4525+0.078%$356K$400K15xas long as short
Kraken Futures PF_PENDLEUSD+0.1184%1h2.4585+0.324%$115K$268K20xas long as short