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

PENDLE

all PENDLE markets
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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 15:00 UTC−0.0227%/8h
next payment, per $10,000−$0.28paid, last 24h+0.184%paid, last 3 days+0.265%to open and closeno order book
Long on Coinbase InternationalShort on GMX
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongCoinbase International PENDLE-PERP-INTX2.65900.0496pay 0.0062% / 1h48m 19s$100K$388K25x
ShortGMX PENDLE/USD [PENDLE-USDC]2.6584L +0.0200% / S −0.0269%get 0.0034% / 1h48m 19s$5K—100x

Funding history

latest
Range statsloading…

Funding on every exchange

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latest

Profit calculator

Funding earned
−$47.73
Slippage, 4 orders
no order book: not counted
Fee Coinbase International: 5 bp × 2 orders
−$10
Fee GMX: 6 bp × 2 orders
−$12
Net
−$69.73
Break-even
never at this rate
Slippage unknown: Coinbase International: live order book, 1 min ago; GMX: no order-book sample. Net counts fees only.

Price risk

price view
Price gap now
−0.022%
Avg gap 7d
—
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, 1 min ago5.63 bp14.3 bp −$14doesn't fitdoesn't fitdoesn't fit
Sell GMX no order-book sample—————
GMX: 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 29 venues

lowest funding first. Swap a leg.
ExchangeFunding /8hEveryOIVol 24hMax lev
Injective PENDLE/USDC PERP−0.1178%1h$3K$6K5.5xas long as short
Variational Omni PENDLE−0.0222%8h$887K$2.1M—as long as short
Bybit PENDLEUSDT−0.0182%8h$16.5M$11.3M50xas long as short
Deribit PENDLE_USDC-PERPETUAL−0.0126%1h$31K$10K10xas long as short
Gate PENDLE_USDT−0.0011%8h$829K$1.0M75xas long as short
dYdX PENDLE-USD0.0000%1h$11K—5xas long as short
Reya PENDLERUSDPERP+0.0005%1h$4K—15xas long as short
Orderly PERP_PENDLE_USDC+0.0053%8h$22K$4K10xas long as short
Aster PENDLEUSDT+0.0069%8h$51K$122K10xas long as short
Lighter PENDLE+0.0096%1h$579K$356K5xas long as short
Show all 29 venues
ExchangeFunding /8hEveryOIVol 24hMax lev
Paradex PENDLE-USD-PERP+0.0100%8h$37K$30K10xas long as short
Hyperliquid PENDLE+0.0100%1h$12.6M$5.1M5xas long as short
Binance PENDLEUSDT+0.0100%8h$29.6M$31.9M75xas long as short
OKX PENDLE-USDT-SWAP+0.0100%4h$3.3M$4.8M50xas long as short
MEXC PENDLE_USDT+0.0100%8h$17.2M$2.1M125xas long as short
KuCoin PENDLEUSDTM+0.0100%8h$1.1M$466K50xas long as short
Bitget PENDLEUSDT+0.0100%8h$4.0M$2.6M75xas long as short
BingX PENDLE-USDT+0.0100%8h—$34.1M—as long as short
edgeX PENDLEUSDC+0.0100%4h$26K$416K10xas long as short
ApeX Omni PENDLEUSDT+0.0100%1h$81K$235K50xas long as short
Polymarket Perps PENDLE-USD+0.0100%1h$18K$62K5xas long as short
SunX PENDLE-USDT+0.0100%8h$2K$1.4M20xas long as short
Extended PENDLE-USD+0.0104%1h$176K$520K10xas long as short
Aevo PENDLE-PERP+0.0104%1h$28K—3xas long as short
BloFin PENDLE-USDT+0.0106%8h$1.5M$857K75xas long as short
GMX PENDLE/USD [PENDLE-USDC]shortL +0.0200% / S −0.0269%1h$5K—100x
Coinbase International PENDLE-PERP-INTXlong+0.0496%1h$100K$388K25x
Backpack PENDLE_USDC_PERP+0.0546%1h$378K$446K15xas long as short
Kraken Futures PF_PENDLEUSD+0.1839%1h$171K$215K20xas long as short