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

PENDLE

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Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

Funding spread now, next payment 16:00 UTC−0.0336%/8h
next payment, per $10,000−$0.42paid, last 24h+0.099%paid, last 7 days−0.002%to open and closeno order book
Long on Coinbase InternationalShort on Extended
The current rate is far above what this pair has been paying: over the last 7 days it paid -0.002% in total (about -0.1% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.42 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongCoinbase International PENDLE-PERP-INTX2.58300.0432pay 0.0054% / 1h23m 32s$115K$432K25x
ShortExtended PENDLE-USD2.57750.0096get 0.0012% / 1h23m 32s$170K$520K10x

Funding history

latest
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Funding on every exchange

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latest

Profit calculator

Funding earned
−$70.56
Slippage, 4 orders
no order book: not counted
Fee Coinbase International: 5 bp × 2 orders
−$10
Fee Extended: 2.5 bp × 2 orders
−$5
Net
−$85.56
Break-even
never at this rate
Slippage unknown: Coinbase International: live order book, 21 min ago; Extended: live order book, 21 min ago. Net counts fees only.

Price risk

price view
Price gap now
−0.214%
Avg gap 7d
−0.136%
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 Coinbase International live order book, 21 min ago17.27 bpdoesn't fitdoesn't fitdoesn't fitdoesn't fit
Sell Extended live order book, 21 min ago1.15 bp13.2 bp −$13105.0 bp −$1,050doesn't fitdoesn't fit

PENDLE on 29 venues

lowest funding first. Swap a leg.
ExchangeFunding /8hEveryOIVol 24hMax lev
Injective PENDLE/USDC PERP−0.1875%1h$2K$6K5.5xas long as short
Variational Omni PENDLE−0.0271%8h$671K$2.3M—as long as short
Bybit PENDLEUSDT−0.0143%8h$16.1M$11.9M50xas long as short
dYdX PENDLE-USD0.0000%1h$11K—5xas long as short
Deribit PENDLE_USDC-PERPETUAL0.0000%1h$30K$11K10xas long as short
Aster PENDLEUSDT+0.0007%8h$51K$128K10xas long as short
Reya PENDLERUSDPERP+0.0012%1h$4K—15xas long as short
Orderly PERP_PENDLE_USDC+0.0054%8h$20K$4K10xas long as short
ApeX Omni PENDLEUSDT+0.0064%1h$78K$237K50xas long as short
Lighter PENDLE+0.0096%1h$563K$352K5xas long as short
Show all 29 venues
ExchangeFunding /8hEveryOIVol 24hMax lev
Extended PENDLE-USDshort+0.0096%1h$170K$520K10x
MEXC PENDLE_USDT+0.0099%8h$16.8M$2.1M125xas long as short
Binance PENDLEUSDT+0.0099%8h$28.6M$33.8M75xas long as short
Paradex PENDLE-USD-PERP+0.0100%8h$36K$30K10xas long as short
Hyperliquid PENDLE+0.0100%1h$12.3M$5.2M5xas long as short
OKX PENDLE-USDT-SWAP+0.0100%4h$3.3M$5.1M50xas long as short
Gate PENDLE_USDT+0.0100%8h$820K$1.1M75xas long as short
KuCoin PENDLEUSDTM+0.0100%8h$952K$533K50xas long as short
Bitget PENDLEUSDT+0.0100%8h$3.8M$2.6M75xas long as short
BingX PENDLE-USDT+0.0100%8h—$34.3M—as long as short
edgeX PENDLEUSDC+0.0100%4h$26K$415K10xas long as short
Polymarket Perps PENDLE-USD+0.0100%1h$16K$42K5xas long as short
SunX PENDLE-USDT+0.0100%8h$2K$1.5M20xas long as short
Aevo PENDLE-PERP+0.0104%1h$27K—3xas long as short
BloFin PENDLE-USDT+0.0111%8h$1.4M$853K75xas long as short
GMX PENDLE/USD [PENDLE-USDC]L +0.0200% / S −0.0272%1h$5K—100xas long as short
Backpack PENDLE_USDC_PERP+0.0293%1h$373K$451K15xas long as short
Coinbase International PENDLE-PERP-INTXlong+0.0432%1h$115K$432K25x
Kraken Futures PF_PENDLEUSD+0.1745%1h$163K$232K20xas long as short