PENDLE

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0029%/8h= +3.2% APRnext payment +$0.29 per $10,000 · paid last 24h +0.001%

Price spread now: Binance against BloFin−0.012%61s7-day average −0.004% · you buy dearer than you sell

Net, funding: paid 7d − costs−$55as 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−$550.552% of the position

Long on BloFin Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days+0.002%$0 on $10k

Price spread, last 3 days (all we have)−0.045%−$5 · spread now −0.012%, 7d avg −0.004%

Together, before fees−0.044%−$4 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.004%, so right now this pair is about funding alone: +$1 a day on $10k at the current rate. The two prices were read 61 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	BloFin PENDLE-USDT	2.5327	−0.0106	get 0.0106% / 8h	7h 36m	$1.3M	$706K	75x
Short	Binance PENDLEUSDT	2.5324	−0.0078	pay 0.0078% / 8h	7h 36m	$27.3M	$42.8M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against BloFin. 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 BloFinbpFee BinancebpOrdersPrice spread, now −0.012%Rate

Funding earned: $6.04
Price spread: −0.012% → −0.004%: −$0.77
Slippage, 4 orders: −$33.17
Fee BloFin: 6 bp × 2 orders: −$12
Fee Binance: 5 bp × 2 orders: −$10
Net: −$49.9
Costs to cover: 0.552%
Break-even: 64.8 days

Slippage from BloFin: live order book, 1 min ago; Binance: live order book, 6 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 BloFin live order book, 1 min ago	3.75 bp	15.1 bp −$15	27.8 bp −$278	doesn't fit	doesn't fit
Sell Binance live order book, 6 min ago	0.59 bp	10.8 bp −$11	27.7 bp −$277	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	−0.4643%	1h	2.4970	−1.410%	$2K	$54K	5.5x	as long as short
BloFin PENDLE-USDTlong	−0.0106%	8h	2.5327	long leg	$1.3M	$706K	75x
Extended PENDLE-USD	−0.0080%	1h	2.5311	−0.064%	$165K	$696K	10x	as long as short
MEXC PENDLE_USDT	−0.0078%	8h	2.5309	−0.071%	$17.1M	$1.9M	125x	as long as short
Binance PENDLEUSDTshort	−0.0078%	8h	2.5324	−0.012%	$27.3M	$42.8M	75x
ApeX Omni PENDLEUSDT	−0.0057%	1h	2.5356	+0.115%	$77K	$238K	50x	as long as short
GRVT PENDLE_USDT_Perp	−0.0045%	8h	2.5333	+0.024%	$428K	$1.6M	10x	as long as short
Orderly PERP_PENDLE_USDC	−0.0016%	8h	2.5317	−0.039%	$20K	$16K	10x	as long as short
dYdX PENDLE-USD	0.0000%	1h	2.5367	+0.158%	$11K	—	5x	as long as short
Deribit PENDLE_USDC-PERPETUAL	0.0000%	1h	2.5327	0.000%	$26K	$14K	10x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate PENDLE_USDT	+0.0014%	8h	2.5320	−0.028%	$782K	$1.2M	75x	as long as short
Variational Omni PENDLE	+0.0014%	8h	2.5291	−0.142%	$609K	$1.9M	—	as long as short
Reya PENDLERUSDPERP	+0.0049%	1h	2.5309	−0.071%	$4K	—	15x	as long as short
Aevo PENDLE-PERP	+0.0064%	1h	2.5311	−0.063%	$26K	—	3x	as long as short
Aster PENDLEUSDT	+0.0082%	8h	2.5338	+0.044%	$47K	$178K	10x	as long as short
Lighter PENDLE	+0.0096%	1h	2.5324	−0.012%	$536K	$413K	5x	as long as short
Paradex PENDLE-USD-PERP	+0.0100%	8h	2.5303	−0.095%	$35K	$18K	10x	as long as short
Bybit PENDLEUSDT	+0.0100%	8h	2.5311	−0.063%	$15.6M	$12.0M	50x	as long as short
OKX PENDLE-USDT-SWAP	+0.0100%	4h	2.5320	−0.028%	$3.3M	$6.1M	50x	as long as short
KuCoin PENDLEUSDTM	+0.0100%	8h	2.5343	+0.063%	$891K	$594K	50x	as long as short
Bitget PENDLEUSDT	+0.0100%	8h	2.5313	−0.055%	$3.8M	$2.4M	75x	as long as short
BingX PENDLE-USDT	+0.0100%	8h	2.5318	−0.036%	—	$35.7M	—	as long as short
edgeX PENDLEUSDC	+0.0100%	4h	2.5331	+0.015%	$25K	$381K	10x	as long as short
Polymarket Perps PENDLE-USD	+0.0100%	1h	2.5324	−0.012%	$16K	$20K	5x	as long as short
SunX PENDLE-USDT	+0.0100%	8h	2.5321	−0.024%	$1K	$1.8M	20x	as long as short
GMX PENDLE/USD [PENDLE-USDC]	L +0.0203% / S −0.0382%	1h	2.5324	−0.012%	$7K	—	100x	as long as short
Hyperliquid PENDLE	+0.0241%	1h	2.5372	+0.176%	$12.9M	$6.3M	5x	as long as short
Kraken Futures PF_PENDLEUSD	+0.0614%	1h	2.5381	+0.215%	$118K	$294K	20x	as long as short
Coinbase International PENDLE-PERP-INTX	+0.0728%	1h	2.5330	+0.012%	$141K	$442K	25x	as long as short
Backpack PENDLE_USDC_PERP	+0.0899%	1h	2.5389	+0.245%	$334K	$488K	15x	as long as short