Settings8H · net · $10k
Funding arb · Price arb /

PENDLE

all PENDLE markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 20:00 UTC+0.0104%/8hnext payment +$0.13 per $10,000 · paid last 24h +0.051%
Price spread now: Aevo against Deribit0.000%7-day average · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 5 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before feesneeds both histories
The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: +$3 a day on $10k at the current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongDeribit PENDLE_USDC-PERPETUAL2.54300get 0.0000% / 1h5m 39s$30K$11K10x
ShortAevo PENDLE-PERP2.54300.0104get 0.0013% / 1h5m 39s$27K3x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Aevo against Deribit. 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

Funding earned
$21.84
Price spread: 0.000% → 0.000%
$0.01
Slippage, 4 orders
no order book: not counted
Fee Deribit: 3.5 bp × 2 orders
−$7
Fee Aevo: 8 bp × 2 orders
−$16
Net
−$1.15
Costs to cover
0.230%
Break-even
7.4 days
Slippage unknown: Deribit: no order-book sample; Aevo: 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
LegHalf-spread$10k$100k$1M$5M
Buy Deribit no order-book sample
Sell Aevo no order-book sample
Deribit and Aevo: 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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Injective PENDLE/USDC PERP−0.4300%1h2.5140−1.140%$2K$7K5.5xas long as short
Kraken Futures PF_PENDLEUSD−0.0625%1h2.5440+0.039%$158K$248K20xas long as short
Variational Omni PENDLE−0.0017%8h2.5445+0.058%$657K$2.2Mas long as short
dYdX PENDLE-USD0.0000%1h2.5465+0.138%$11K5xas long as short
Deribit PENDLE_USDC-PERPETUALlong0.0000%1h2.5430long leg$30K$11K10x
Aster PENDLEUSDT+0.0019%8h2.5442+0.048%$51K$140K10xas long as short
Reya PENDLERUSDPERP+0.0028%1h2.5425−0.020%$4K15xas long as short
Orderly PERP_PENDLE_USDC+0.0041%8h2.5429−0.004%$23K$8K10xas long as short
MEXC PENDLE_USDT+0.0078%8h2.5415−0.059%$17.0M$2.2M125xas long as short
Binance PENDLEUSDT+0.0078%8h2.5403−0.108%$27.9M$37.1M75xas long as short
Show all 30 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Extended PENDLE-USD+0.0080%1h2.5406−0.093%$167K$519K10xas long as short
Lighter PENDLE+0.0096%1h2.5424−0.024%$555K$380K5xas long as short
BloFin PENDLE-USDT+0.0097%8h2.5452+0.087%$1.4M$822K75xas long as short
Paradex PENDLE-USD-PERP+0.0100%8h2.5418−0.047%$36K$26K10xas long as short
Hyperliquid PENDLE+0.0100%1h2.5467+0.145%$12.4M$5.3M5xas long as short
Bybit PENDLEUSDT+0.0100%8h2.5391−0.153%$15.8M$12.0M50xas long as short
OKX PENDLE-USDT-SWAP+0.0100%4h2.5410−0.079%$3.3M$5.4M50xas long as short
Gate PENDLE_USDT+0.0100%8h2.5420−0.039%$814K$1.0M75xas long as short
KuCoin PENDLEUSDTM+0.0100%8h2.5443+0.051%$927K$599K50xas long as short
Bitget PENDLEUSDT+0.0100%8h2.5424−0.024%$3.8M$2.6M75xas long as short
BingX PENDLE-USDT+0.0100%8h2.5410−0.079%$34.9Mas long as short
edgeX PENDLEUSDC+0.0100%4h2.5441+0.045%$25K$414K10xas long as short
GRVT PENDLE_USDT_Perp+0.0100%8h2.5456+0.102%$430K$1.4M10xas long as short
ApeX Omni PENDLEUSDT+0.0100%1h2.5443+0.051%$78K$239K50xas long as short
Polymarket Perps PENDLE-USD+0.0100%1h2.5450+0.079%$16K$30K5xas long as short
SunX PENDLE-USDT+0.0100%8h2.5433+0.012%$2K$1.6M20xas long as short
Aevo PENDLE-PERPshort+0.0104%1h2.54300.000%$27K3x
GMX PENDLE/USD [PENDLE-USDC]L +0.0200% / S −0.0272%1h2.5435+0.021%$5K100xas long as short
Coinbase International PENDLE-PERP-INTX+0.0576%1h2.5520+0.354%$118K$438K25xas long as short
Backpack PENDLE_USDC_PERP+0.0972%1h2.5476+0.181%$376K$458K15xas long as short