PENDLE

Alert: funding

Alert: spread

Funding you earn now, next payment 16:00 UTC+0.0161%/8h= +17.6% APRnext payment +$1.61 per $10,000 · paid last 24h +0.026%

Price spread now: BingX against BloFin+0.187%66s7-day average −0.014% · you sell dearer than you buy

Net, funding: paid 7d − costs−$43as 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−$510.507% of the position

Long on BloFin Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.075%+$8 on $10k

Price spread, last 4 days (all we have)−0.455%−$46 · spread now +0.187%, 7d avg −0.014%

Together, before fees−0.380%−$38 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$5 a day on $10k at the current rate, and BingX is 0.202% dearer against BloFin than usual: you sell high and buy low: +$20 more if the spread goes back to its 7-day average of −0.014%. The two prices were read 66 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	2.4545	−0.0061	get 0.0061% / 8h	7h 00m	$1.1M	$517K	75x
Short	BingX PENDLE-USDT	2.4591	0.0100	get 0.0100% / 8h	7h 00m	—	$8.2M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX 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 BingXbpOrdersPrice spread, now +0.187%Rate

Funding earned: $33.76
Price spread: +0.187% → −0.014%: $20.19
Slippage, 4 orders: −$28.74
Fee BloFin: 6 bp × 2 orders: −$12
Fee BingX: 5 bp × 2 orders: −$10
Net: $3.2
Costs to cover: 0.507%
Break-even: 6.3 days

Slippage from BloFin: live order book, 2 min ago; BingX: live order book, 3 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, 2 min ago	2.44 bp	15.8 bp −$16	22.7 bp −$227	doesn't fit	doesn't fit
Sell BingX live order book, 3 min ago	4.28 bp	12.7 bp −$13	23.6 bp −$236	157.3 bp −$15.7K	435.1 bp −$217.6K

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	2.3930	−2.506%	$2K	$55K	5.5x	as long as short
GRVT PENDLE_USDT_Perp	−0.0110%	8h	2.4541	−0.016%	$407K	$2.8M	10x	as long as short
MEXC PENDLE_USDT	−0.0074%	8h	2.4603	+0.236%	$18.7M	$2.2M	125x	as long as short
Binance PENDLEUSDT	−0.0074%	8h	2.4604	+0.242%	$25.7M	$46.8M	75x	as long as short
Extended PENDLE-USD	−0.0072%	1h	2.4605	+0.243%	$162K	$934K	10x	as long as short
BloFin PENDLE-USDTlong	−0.0061%	8h	2.4545	long leg	$1.1M	$517K	75x
Orderly PERP_PENDLE_USDC	−0.0004%	8h	2.4602	+0.232%	$19K	$15K	10x	as long as short
dYdX PENDLE-USD	0.0000%	1h	2.4571	+0.105%	$10K	—	5x	as long as short
Deribit PENDLE_USDC-PERPETUAL	0.0000%	1h	2.4614	+0.281%	$25K	$14K	10x	as long as short
Aster PENDLEUSDT	+0.0033%	8h	2.4604	+0.240%	$50K	$176K	10x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aevo PENDLE-PERP	+0.0064%	1h	2.4601	+0.228%	$26K	—	3x	as long as short
Variational Omni PENDLE	+0.0087%	8h	2.4520	−0.100%	$584K	$1.2M	—	as long as short
Reya PENDLERUSDPERP	+0.0091%	1h	2.4550	+0.019%	$3K	—	15x	as long as short
Lighter PENDLE	+0.0096%	1h	2.4623	+0.318%	$532K	$446K	5x	as long as short
Paradex PENDLE-USD-PERP	+0.0100%	8h	2.4570	+0.101%	$34K	$3K	10x	as long as short
Hyperliquid PENDLE	+0.0100%	1h	2.4658	+0.460%	$13.0M	$6.0M	5x	as long as short
Bybit PENDLEUSDT	+0.0100%	8h	2.4610	+0.265%	$14.3M	$11.8M	50x	as long as short
OKX PENDLE-USDT-SWAP	+0.0100%	4h	2.4640	+0.387%	$3.1M	$6.8M	50x	as long as short
Gate PENDLE_USDT	+0.0100%	8h	2.4610	+0.265%	$780K	$997K	75x	as long as short
KuCoin PENDLEUSDTM	+0.0100%	8h	2.4618	+0.297%	$704K	$596K	50x	as long as short
Bitget PENDLEUSDT	+0.0100%	8h	2.4617	+0.293%	$3.9M	$2.4M	75x	as long as short
BingX PENDLE-USDTshort	+0.0100%	8h	2.4591	+0.187%	—	$8.2M	—
edgeX PENDLEUSDC	+0.0100%	4h	2.4541	−0.018%	$23K	$371K	10x	as long as short
ApeX Omni PENDLEUSDT	+0.0100%	1h	2.4544	−0.004%	$75K	$231K	50x	as long as short
Polymarket Perps PENDLE-USD	+0.0100%	1h	2.4620	+0.306%	$16K	$4K	5x	as long as short
SunX PENDLE-USDT	+0.0100%	8h	2.4607	+0.253%	$2K	$1.8M	20x	as long as short
GMX PENDLE/USD [PENDLE-USDC]	L +0.0151% / S −0.0168%	1h	2.4559	+0.056%	$5K	—	100x	as long as short
Coinbase International PENDLE-PERP-INTX	+0.0664%	1h	2.4640	+0.387%	$171K	$539K	25x	as long as short
Backpack PENDLE_USDC_PERP	+0.0858%	1h	2.4655	+0.448%	$366K	$433K	15x	as long as short
Kraken Futures PF_PENDLEUSD	+0.1262%	1h	2.4592	+0.193%	$116K	$253K	20x	as long as short