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 16:00 UTC+0.0249%/8h
paid, last 24h+0.098%paid, last 7 days+0.662%to open and close $10k−$60
Long on BitgetShort on Backpack
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBitget PENDLEUSDT2.61320.0100pay 0.0100% / 8h27m 42s$3.9M$2.6M75x
ShortBackpack PENDLE_USDC_PERP2.61860.0349get 0.0044% / 1h27m 42s$371K$447K15x

Funding history

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Funding on every exchange

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latest

Profit calculator

Funding earned
$52.23
Slippage, 4 orders
−$37.86
Fee Bitget: 6 bp × 2 orders
−$12
Fee Backpack: 5 bp × 2 orders
−$10
Net
−$7.63
Break-even
8.0 days
Slippage from Bitget: live order book, 2 min ago; Backpack: live order book, 23 min ago.

Price risk

price view
Price gap now
+0.207%
Avg gap 7d
+0.166%
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 Bitget live order book, 2 min ago3.63 bp22.1 bp −$2246.6 bp −$466doesn't fitdoesn't fit
Sell Backpack live order book, 23 min ago0.19 bp6.0 bp −$689.1 bp −$891doesn't fitdoesn't fit

PENDLE on 29 venues

lowest funding first. Swap a leg.
ExchangeFunding /8hEveryOIVol 24hMax lev
Injective PENDLE/USDC PERP−0.1178%1h$2K$6K5.5xas long as short
Variational Omni PENDLE−0.0246%8h$860K$2.1M—as long as short
Bybit PENDLEUSDT−0.0217%8h$16.2M$11.3M50xas long as short
Polymarket Perps PENDLE-USD−0.0066%1h$18K$57K5xas long as short
Gate PENDLE_USDT−0.0013%8h$813K$1.1M75xas long as short
dYdX PENDLE-USD0.0000%1h$11K—5xas long as short
Deribit PENDLE_USDC-PERPETUAL0.0000%1h$31K$10K10xas long as short
Reya PENDLERUSDPERP+0.0007%1h$4K—15xas long as short
Aster PENDLEUSDT+0.0032%8h$51K$124K10xas long as short
Orderly PERP_PENDLE_USDC+0.0055%8h$21K$4K10xas long as short
Show all 29 venues
ExchangeFunding /8hEveryOIVol 24hMax lev
BloFin PENDLE-USDT+0.0078%8h$1.5M$854K75xas long as short
Lighter PENDLE+0.0096%1h$569K$359K5xas long as short
Paradex PENDLE-USD-PERP+0.0100%8h$37K$30K10xas long as short
Hyperliquid PENDLE+0.0100%1h$12.3M$5.1M5xas long as short
Binance PENDLEUSDT+0.0100%8h$29.1M$32.5M75xas long as short
OKX PENDLE-USDT-SWAP+0.0100%4h$3.2M$4.8M50xas long as short
MEXC PENDLE_USDT+0.0100%8h$16.9M$2.1M125xas long as short
KuCoin PENDLEUSDTM+0.0100%8h$1.0M$481K50xas long as short
Bitget PENDLEUSDTlong+0.0100%8h$3.9M$2.6M75x
BingX PENDLE-USDT+0.0100%8h—$34.2M—as long as short
edgeX PENDLEUSDC+0.0100%4h$26K$417K10xas long as short
ApeX Omni PENDLEUSDT+0.0100%1h$79K$236K50xas long as short
SunX PENDLE-USDT+0.0100%8h$2K$1.5M20xas long as short
Extended PENDLE-USD+0.0104%1h$173K$520K10xas long as short
Aevo PENDLE-PERP+0.0104%1h$27K—3xas long as short
GMX PENDLE/USD [PENDLE-USDC]L +0.0200% / S −0.0269%1h$5K—100xas long as short
Backpack PENDLE_USDC_PERPshort+0.0349%1h$371K$447K15x
Coinbase International PENDLE-PERP-INTX+0.0496%1h$97K$387K25xas long as short
Kraken Futures PF_PENDLEUSD+0.1868%1h$169K$215K20xas long as short