Funding you earn now, next payment 07:00 UTC−0.4364%/8h= −477.8% APRpaid last 24h −0.854%
Price spread now: Injective against BloFin−0.600%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−1.240%−$124 on $10k
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Both sides work against this trade now: funding costs −$131 a day on $10k at the current rate, and Injective is 0.600% cheaper against BloFin than usual: you would sell low and buy high (−$60 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -1.240% in total (about -64.7% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BloFin PENDLE-USDT | 2.4487 | 0.0016 | pay 0.0016% / 8h | 1h 54m | $1.1M | $509K | 75x |
| Short | Injective PENDLE/USDC PERP | 2.4340 | −0.4348 | pay 0.0543% / 1h | 54m 56s | $2K | $54K | 5.5x |
BloFin PENDLE-USDT
Injective PENDLE/USDC PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Injective against BloFin. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$916.38
- Price spread: −0.600% → 0.000%
- −$60.03
- Slippage, 4 orders
- no order book: not counted
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- −$988.44
- Costs to cover
- 0.120%
- Break-even
- never at this rate
Slippage unknown: BloFin: live order book, 2 min ago; Injective: no order-book sample. Net counts fees only.
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 | 1.02 bp | 11.3 bp −$11 | 25.7 bp −$257 | doesn't fit | doesn't fit |
| Sell Injective no order-book sample | — | — | — | — | — |
Injective: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
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 PERPshort | −0.4348% | 1h | 2.4340 | −0.600% | $2K | $54K | 5.5x | |
| Deribit PENDLE_USDC-PERPETUAL | −0.0239% | 1h | 2.4525 | +0.155% | $25K | $16K | 10x | as long as short |
| Orderly PERP_PENDLE_USDC | −0.0035% | 8h | 2.4519 | +0.131% | $19K | $15K | 10x | as long as short |
| Gate PENDLE_USDT | −0.0001% | 8h | 2.4490 | +0.012% | $749K | $1.0M | 75x | as long as short |
| dYdX PENDLE-USD | 0.0000% | 1h | 2.4529 | +0.173% | $10K | — | 5x | as long as short |
| BloFin PENDLE-USDTlong | +0.0016% | 8h | 2.4487 | long leg | $1.1M | $509K | 75x | |
| Extended PENDLE-USD | +0.0032% | 1h | 2.4470 | −0.071% | $160K | $570K | 10x | as long as short |
| Binance PENDLEUSDT | +0.0035% | 8h | 2.4470 | −0.069% | $25.8M | $44.9M | 75x | as long as short |
| MEXC PENDLE_USDT | +0.0039% | 8h | 2.4475 | −0.049% | $17.5M | $2.0M | 125x | as long as short |
| Reya PENDLERUSDPERP | +0.0077% | 1h | 2.4532 | +0.185% | $3K | — | 15x | as long as short |
Deribit PENDLE_USDC-PERPETUAL
Orderly PERP_PENDLE_USDC
Gate PENDLE_USDT
dYdX PENDLE-USD
Extended PENDLE-USD
Binance PENDLEUSDT
MEXC PENDLE_USDT
Reya PENDLERUSDPERPShow all 30 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aevo PENDLE-PERP | +0.0088% | 1h | 2.4516 | +0.120% | $26K | — | 3x | as long as short |
| Lighter PENDLE | +0.0096% | 1h | 2.4520 | +0.135% | $519K | $415K | 5x | as long as short |
| Paradex PENDLE-USD-PERP | +0.0100% | 8h | 2.4494 | +0.029% | $34K | $7K | 10x | as long as short |
| Aster PENDLEUSDT | +0.0100% | 8h | 2.4509 | +0.090% | $47K | $170K | 10x | as long as short |
| Bybit PENDLEUSDT | +0.0100% | 8h | 2.4480 | −0.029% | $14.3M | $12.2M | 50x | as long as short |
| OKX PENDLE-USDT-SWAP | +0.0100% | 4h | 2.4490 | +0.012% | $3.1M | $6.6M | 50x | as long as short |
| KuCoin PENDLEUSDTM | +0.0100% | 8h | 2.4504 | +0.069% | $876K | $558K | 50x | as long as short |
| Bitget PENDLEUSDT | +0.0100% | 8h | 2.4495 | +0.033% | $3.8M | $2.4M | 75x | as long as short |
| BingX PENDLE-USDT | +0.0100% | 8h | 2.4479 | −0.033% | — | $8.4M | — | as long as short |
| Variational Omni PENDLE | +0.0100% | 8h | 2.4511 | +0.097% | $566K | $1.4M | — | as long as short |
| edgeX PENDLEUSDC | +0.0100% | 4h | 2.4566 | +0.321% | $24K | $370K | 10x | as long as short |
| GRVT PENDLE_USDT_Perp | +0.0100% | 8h | 2.4530 | +0.177% | $411K | $2.3M | 10x | as long as short |
| ApeX Omni PENDLEUSDT | +0.0100% | 1h | 2.4595 | +0.441% | $75K | $233K | 50x | as long as short |
| Polymarket Perps PENDLE-USD | +0.0100% | 1h | 2.4550 | +0.257% | $16K | $7K | 5x | as long as short |
| SunX PENDLE-USDT | +0.0100% | 8h | 2.4538 | +0.208% | $2K | $1.8M | 20x | as long as short |
| Hyperliquid PENDLE | +0.0149% | 1h | 2.4532 | +0.184% | $12.7M | $6.1M | 5x | as long as short |
| GMX PENDLE/USD [PENDLE-USDC] | L +0.0196% / S −0.0222% | 1h | 2.4533 | +0.189% | $5K | — | 100x | as long as short |
| Coinbase International PENDLE-PERP-INTX | +0.0688% | 1h | 2.4710 | +0.911% | $161K | $531K | 25x | as long as short |
| Backpack PENDLE_USDC_PERP | +0.0917% | 1h | 2.4552 | +0.265% | $349K | $434K | 15x | as long as short |
| Kraken Futures PF_PENDLEUSD | +0.1660% | 1h | 2.4552 | +0.265% | $115K | $262K | 20x | as long as short |
Aevo PENDLE-PERP
Lighter PENDLE
Paradex PENDLE-USD-PERP
Aster PENDLEUSDT
Bybit PENDLEUSDT
OKX PENDLE-USDT-SWAP
KuCoin PENDLEUSDTM
Bitget PENDLEUSDT
BingX PENDLE-USDT
Variational Omni PENDLE
edgeX PENDLEUSDC
GRVT PENDLE_USDT_Perp
ApeX Omni PENDLEUSDT
Polymarket Perps PENDLE-USD
SunX PENDLE-USDT
Hyperliquid PENDLE
GMX PENDLE/USD [PENDLE-USDC]
Coinbase International PENDLE-PERP-INTX
Backpack PENDLE_USDC_PERP
Kraken Futures PF_PENDLEUSD