PENDLE

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0176%/8h= +19.3% APRnext payment +$1.76 per $10,000 · paid last 24h +0.018%

Price spread now: KuCoin against BloFin−0.273%95s7-day average −0.018% · you buy dearer than you sell

Net, funding: paid 7d − costs−$148as 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−$1561.562% of the position

Long on BloFin Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.086%+$9 on $10k

Price spread, last 3 days (all we have)+0.185%+$19 · spread now −0.273%, 7d avg −0.018%

Together, before fees+0.271%+$27 on $10k · with fees, hour by hour

Funding pays, the price is against you. KuCoin is 0.256% cheaper against BloFin than usual: you would sell low and buy high (spread −0.273% now, against its 7-day average of −0.018%). If the spread goes back, that is −$26 on $10k: about 4.8 days of funding at the current rate (+$5 a day). At the pace of the last 7 days (+0.086% in total) that is about 21 days. The two prices were read 95 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	2.5230	−0.0076	get 0.0076% / 8h	7h 01m	$1.3M	$659K	75x
Short	KuCoin PENDLEUSDTM	2.5161	0.0100	get 0.0100% / 8h	7h 01m	$874K	$589K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now −0.273%Rate

Funding earned: $37
Price spread: −0.273% → −0.018%: −$25.59
Slippage, 4 orders: −$132.17
Fee BloFin: 6 bp × 2 orders: −$12
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$144.76
Costs to cover: 1.562%
Break-even: 34.4 days

Slippage from BloFin: live order book, 6 min ago; KuCoin: live order book, 53 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, 6 min ago	2.76 bp	17.4 bp −$17	25.5 bp −$255	doesn't fit	doesn't fit
Sell KuCoin live order book, 53 min ago	8.94 bp	68.0 bp −$68	doesn't fit	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	2.5030	−0.793%	$2K	$54K	5.5x	as long as short
Deribit PENDLE_USDC-PERPETUAL	−0.0465%	1h	2.5160	−0.277%	$26K	$14K	10x	as long as short
Bybit PENDLEUSDT	−0.0190%	8h	2.5118	−0.444%	$15.4M	$12.0M	50x	as long as short
ApeX Omni PENDLEUSDT	−0.0162%	1h	2.5253	+0.091%	$77K	$237K	50x	as long as short
GRVT PENDLE_USDT_Perp	−0.0152%	8h	2.5270	+0.160%	$418K	$1.7M	10x	as long as short
Binance PENDLEUSDT	−0.0110%	8h	2.5127	−0.409%	$27.2M	$42.9M	75x	as long as short
MEXC PENDLE_USDT	−0.0107%	8h	2.5139	−0.361%	$17.0M	$1.9M	125x	as long as short
Extended PENDLE-USD	−0.0104%	1h	2.5122	−0.427%	$163K	$565K	10x	as long as short
BloFin PENDLE-USDTlong	−0.0076%	8h	2.5230	long leg	$1.3M	$659K	75x
Variational Omni PENDLE	−0.0032%	8h	2.5240	+0.041%	$608K	$1.8M	—	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Orderly PERP_PENDLE_USDC	−0.0027%	8h	2.5121	−0.432%	$20K	$16K	10x	as long as short
dYdX PENDLE-USD	0.0000%	1h	2.5191	−0.156%	$11K	—	5x	as long as short
Aster PENDLEUSDT	+0.0024%	8h	2.5155	−0.297%	$50K	$181K	10x	as long as short
Reya PENDLERUSDPERP	+0.0052%	1h	2.5094	−0.540%	$4K	—	15x	as long as short
Aevo PENDLE-PERP	+0.0056%	1h	2.5135	−0.375%	$26K	—	3x	as long as short
Lighter PENDLE	+0.0096%	1h	2.5157	−0.289%	$535K	$419K	5x	as long as short
Paradex PENDLE-USD-PERP	+0.0100%	8h	2.5127	−0.408%	$35K	$18K	10x	as long as short
OKX PENDLE-USDT-SWAP	+0.0100%	4h	2.5150	−0.317%	$3.2M	$6.0M	50x	as long as short
Gate PENDLE_USDT	+0.0100%	8h	2.5130	−0.396%	$786K	$1.2M	75x	as long as short
KuCoin PENDLEUSDTMshort	+0.0100%	8h	2.5161	−0.273%	$874K	$589K	50x
Bitget PENDLEUSDT	+0.0100%	8h	2.5126	−0.412%	$3.8M	$2.5M	75x	as long as short
BingX PENDLE-USDT	+0.0100%	8h	2.5142	−0.349%	—	$35.6M	—	as long as short
edgeX PENDLEUSDC	+0.0100%	4h	2.5263	+0.129%	$25K	$382K	10x	as long as short
Polymarket Perps PENDLE-USD	+0.0100%	1h	2.5157	−0.289%	$16K	$20K	5x	as long as short
SunX PENDLE-USDT	+0.0100%	8h	2.5117	−0.448%	$1K	$1.8M	20x	as long as short
GMX PENDLE/USD [PENDLE-USDC]	L +0.0158% / S −0.0290%	1h	2.5126	−0.412%	$6K	—	100x	as long as short
Hyperliquid PENDLE	+0.0363%	1h	2.5199	−0.123%	$13.0M	$6.4M	5x	as long as short
Kraken Futures PF_PENDLEUSD	+0.0618%	1h	2.5186	−0.176%	$117K	$291K	20x	as long as short
Coinbase International PENDLE-PERP-INTX	+0.0728%	1h	2.5140	−0.357%	$146K	$463K	25x	as long as short
Backpack PENDLE_USDC_PERP	+0.0866%	1h	2.5166	−0.254%	$353K	$487K	15x	as long as short