data as of
Settings8H · net · $10k
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Funding arb /

PENDLE

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Funding spread now, next payment 14:00 UTC+0.0187%/8h
paid, last 24h+0.114%paid, last 7 days+0.763%to open and close $10k−$52
Long on BybitShort on Backpack
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBybit PENDLEUSDT2.6830−0.0039get 0.0039% / 8h2h 40m$16.8M$10.1M50x
ShortBackpack PENDLE_USDC_PERP2.69300.0148get 0.0019% / 1h40m 38s$348K$423K15x

Funding history

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Funding on every exchange

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latest

Profit calculator

Funding earned
$39.33
Slippage, 4 orders
−$30.6
Fee Bybit: 5.5 bp × 2 orders
−$11
Fee Backpack: 5 bp × 2 orders
−$10
Net
−$12.27
Break-even
9.2 days
Slippage from Bybit: live order book, 4 min ago; Backpack: live order book, 20 min ago.

Price risk

price view
Price gap now
+0.373%
Avg gap 7d
+0.151%
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 Bybit live order book, 4 min ago1.85 bp15.3 bp −$1548.2 bp −$482doesn't fitdoesn't fit
Sell Backpack live order book, 20 min ago1.83 bp7.9 bp −$8209.8 bp −$2,098doesn't fitdoesn't fit

PENDLE on 29 venues

lowest funding first. Swap a leg.
ExchangeFunding /8hEveryOIVol 24hMax lev
Injective PENDLE/USDC PERP−0.0760%1h$4K$51K5.5xas long as short
Variational Omni PENDLE−0.0092%8h$908K$2.1M—as long as short
Deribit PENDLE_USDC-PERPETUAL−0.0047%1h$29K$8K10xas long as short
Bybit PENDLEUSDTlong−0.0039%8h$16.8M$10.1M50x
Reya PENDLERUSDPERP−0.0004%1h$4K—15xas long as short
dYdX PENDLE-USD0.0000%1h$11K—5xas long as short
ApeX Omni PENDLEUSDT+0.0037%1h$82K$237K50xas long as short
Gate PENDLE_USDT+0.0038%8h$839K$977K75xas long as short
Orderly PERP_PENDLE_USDC+0.0043%8h$22K$4K10xas long as short
BloFin PENDLE-USDT+0.0076%8h$1.6M$827K75xas long as short
Show all 29 venues
ExchangeFunding /8hEveryOIVol 24hMax lev
Aster PENDLEUSDT+0.0095%8h$51K$116K10xas long as short
Lighter PENDLE+0.0096%1h$567K$254K5xas long as short
Paradex PENDLE-USD-PERP+0.0100%8h$38K$32K10xas long as short
Binance PENDLEUSDT+0.0100%8h$29.9M$29.1M75xas long as short
OKX PENDLE-USDT-SWAP+0.0100%4h$3.3M$4.5M50xas long as short
MEXC PENDLE_USDT+0.0100%8h$17.4M$1.8M125xas long as short
KuCoin PENDLEUSDTM+0.0100%8h$1.1M$451K50xas long as short
Bitget PENDLEUSDT+0.0100%8h$4.0M$2.5M75xas long as short
BingX PENDLE-USDT+0.0100%8h—$34.0M—as long as short
edgeX PENDLEUSDC+0.0100%4h$27K$411K10xas long as short
Polymarket Perps PENDLE-USD+0.0100%1h$19K$87K5xas long as short
SunX PENDLE-USDT+0.0100%8h$2K$1.3M20xas long as short
Extended PENDLE-USD+0.0104%1h$180K$516K10xas long as short
Aevo PENDLE-PERP+0.0104%1h$28K—3xas long as short
Backpack PENDLE_USDC_PERPshort+0.0148%1h$348K$423K15x
GMX PENDLE/USD [PENDLE-USDC]L +0.0200% / S −0.0269%1h$6K—100xas long as short
Coinbase International PENDLE-PERP-INTX+0.0200%1h$63K$300K25xas long as short
Hyperliquid PENDLE+0.0410%1h$12.7M$4.5M5xas long as short
Kraken Futures PF_PENDLEUSD+0.0937%1h$148K$178K20xas long as short