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

PENDLE

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Funding spread now, next payment 00:00 UTC−0.0197%/8h
next payment, per $10,000−$1.97paid, last 24h−0.051%paid, last 3 days−0.185%to open and closeno order book
Long on BingXShort on Variational Omni
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBingX PENDLE-USDT2.55160.0100pay 0.0100% / 8h5h 14m—$34.3M—
ShortVariational Omni PENDLE2.5471−0.0097pay 0.0097% / 8h5h 14m$656K$2.2M—

Funding history

latest
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Funding on every exchange

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latest

Profit calculator

Funding earned
−$41.41
Slippage, 4 orders
no order book: not counted
Fee BingX: 5 bp × 2 orders
−$10
Fee Variational Omni: 0 bp × 2 orders
$0
Net
−$51.41
Break-even
never at this rate
Slippage unknown: BingX: live order book, 16 min ago; Variational Omni: RFQ quote, 1 min ago. Net counts fees only.

Price risk

price view
Price gap now
−0.177%
Avg gap 7d
−0.032%
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 BingX live order book, 16 min ago1.96 bp12.5 bp −$1223.2 bp −$232208.3 bp −$20.8K456.0 bp −$228.0K
Sell Variational Omni RFQ quote, 1 min ago6.63 bpdoesn't fit70.2 bp −$702doesn't fitdoesn't fit

PENDLE on 29 venues

lowest funding first. Swap a leg.
ExchangeFunding /8hEveryOIVol 24hMax lev
Injective PENDLE/USDC PERP−0.4421%1h$2K$7K5.5xas long as short
Variational Omni PENDLEshort−0.0097%8h$656K$2.2M—
Aster PENDLEUSDT−0.0020%8h$52K$140K10xas long as short
dYdX PENDLE-USD0.0000%1h$11K—5xas long as short
Reya PENDLERUSDPERP+0.0022%1h$4K—15xas long as short
Deribit PENDLE_USDC-PERPETUAL+0.0024%1h$30K$11K10xas long as short
Orderly PERP_PENDLE_USDC+0.0040%8h$20K$4K10xas long as short
BloFin PENDLE-USDT+0.0047%8h$1.4M$819K75xas long as short
Extended PENDLE-USD+0.0048%1h$167K$519K10xas long as short
MEXC PENDLE_USDT+0.0051%8h$17.0M$2.2M125xas long as short
Show all 29 venues
ExchangeFunding /8hEveryOIVol 24hMax lev
Binance PENDLEUSDT+0.0052%8h$28.0M$36.4M75xas long as short
Lighter PENDLE+0.0096%1h$558K$359K5xas long as short
Aevo PENDLE-PERP+0.0096%1h$27K—3xas long as short
Paradex PENDLE-USD-PERP+0.0100%8h$36K$28K10xas long as short
Hyperliquid PENDLE+0.0100%1h$12.3M$5.3M5xas long as short
Bybit PENDLEUSDT+0.0100%8h$15.9M$11.9M50xas long as short
OKX PENDLE-USDT-SWAP+0.0100%4h$3.3M$5.4M50xas long as short
Gate PENDLE_USDT+0.0100%8h$817K$1.1M75xas long as short
KuCoin PENDLEUSDTM+0.0100%8h$935K$600K50xas long as short
Bitget PENDLEUSDT+0.0100%8h$3.8M$2.6M75xas long as short
BingX PENDLE-USDTlong+0.0100%8h—$34.3M—
edgeX PENDLEUSDC+0.0100%4h$25K$417K10xas long as short
ApeX Omni PENDLEUSDT+0.0100%1h$78K$238K50xas long as short
Polymarket Perps PENDLE-USD+0.0100%1h$16K$30K5xas long as short
SunX PENDLE-USDT+0.0100%8h$2K$1.6M20xas long as short
GMX PENDLE/USD [PENDLE-USDC]L +0.0200% / S −0.0272%1h$5K—100xas long as short
Coinbase International PENDLE-PERP-INTX+0.0624%1h$116K$438K25xas long as short
Backpack PENDLE_USDC_PERP+0.0636%1h$376K$460K15xas long as short
Kraken Futures PF_PENDLEUSD+0.1431%1h$159K$251K20xas long as short