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

PENDLE

all PENDLE markets
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Funding spread now, next payment 14:00 UTC+0.0368%/8h
next payment, per $10,000+$0.46paid, last 24h−0.091%paid, last 5 days+0.147%to open and closeno order book
The current rate is far above what this pair has been paying: over the last 5 days it paid 0.147% in total (about 10.9% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.46 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
LongdYdX PENDLE-USD2.63880get 0.0000% / 1h49m 02s$11K5x
ShortCoinbase International PENDLE-PERP-INTX2.64000.0368get 0.0046% / 1h49m 02s$68K$333K25x

Funding history

latest
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Funding on every exchange

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latest

Profit calculator

Funding earned
$77.28
Slippage, 4 orders
no order book: not counted
Fee dYdX: 5 bp × 2 orders
−$10
Fee Coinbase International: 5 bp × 2 orders
−$10
Net
$57.28
Break-even
1.8 days
Slippage unknown: dYdX: no order-book sample; Coinbase International: live order book, 5 min ago. Net counts fees only.

Price risk

price view
Price gap now
+0.045%
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 dYdX no order-book sample
Sell Coinbase International live order book, 5 min ago7.52 bpdoesn't fitdoesn't fitdoesn't fitdoesn't fit
dYdX: 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−0.3627%1h$4K$51K5.5xas long as short
ApeX Omni PENDLEUSDT−0.0282%1h$80K$234K50xas long as short
Deribit PENDLE_USDC-PERPETUAL−0.0242%1h$31K$10K10xas long as short
Variational Omni PENDLE−0.0206%8h$870K$2.1Mas long as short
Bybit PENDLEUSDT−0.0183%8h$16.5M$11.1M50xas long as short
Gate PENDLE_USDT−0.0021%8h$830K$1.0M75xas long as short
dYdX PENDLE-USDlong0.0000%1h$11K5x
Reya PENDLERUSDPERP0.0000%1h$4K15xas long as short
Orderly PERP_PENDLE_USDC+0.0046%8h$21K$4K10xas long as short
Aster PENDLEUSDT+0.0086%8h$50K$115K10xas long as short
Show all 29 venues
ExchangeFunding /8hEveryOIVol 24hMax lev
Lighter PENDLE+0.0096%1h$583K$327K5xas long as short
Paradex PENDLE-USD-PERP+0.0100%8h$37K$31K10xas long as short
Hyperliquid PENDLE+0.0100%1h$12.6M$4.9M5xas long as short
Binance PENDLEUSDT+0.0100%8h$29.7M$31.0M75xas long as short
OKX PENDLE-USDT-SWAP+0.0100%4h$3.3M$4.7M50xas long as short
MEXC PENDLE_USDT+0.0100%8h$16.9M$2.0M125xas long as short
KuCoin PENDLEUSDTM+0.0100%8h$1.1M$459K50xas long as short
Bitget PENDLEUSDT+0.0100%8h$4.0M$2.5M75xas long as short
BingX PENDLE-USDT+0.0100%8h$34.1Mas long as short
edgeX PENDLEUSDC+0.0100%4h$26K$415K10xas long as short
Polymarket Perps PENDLE-USD+0.0100%1h$19K$71K5xas long as short
SunX PENDLE-USDT+0.0100%8h$1K$1.4M20xas long as short
Extended PENDLE-USD+0.0104%1h$174K$520K10xas long as short
Aevo PENDLE-PERP+0.0104%1h$28K3xas long as short
BloFin PENDLE-USDT+0.0125%8h$1.5M$835K75xas long as short
GMX PENDLE/USD [PENDLE-USDC]L +0.0200% / S −0.0269%1h$5K100xas long as short
Backpack PENDLE_USDC_PERP+0.0326%1h$374K$447K15xas long as short
Coinbase International PENDLE-PERP-INTXshort+0.0368%1h$68K$333K25x
Kraken Futures PF_PENDLEUSD+0.1457%1h$170K$216K20xas long as short