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

PENDLE

all PENDLE markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 21:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h +0.009%
Price spread now: Aevo against Gate+0.001%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
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongGate PENDLE_USDT2.54200.0100pay 0.0100% / 8h3h 22m$811K$1.0M75x
ShortAevo PENDLE-PERP2.54200.0096get 0.0012% / 1h22m 54s$27K3x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Aevo against Gate. 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
−$0.84
Price spread: +0.001% → 0.000%
$0.05
Slippage, 4 orders
no order book: not counted
Fee Gate: 7.5 bp × 2 orders
−$15
Fee Aevo: 8 bp × 2 orders
−$16
Net
−$31.79
Costs to cover
0.310%
Break-even
never at this rate
Slippage unknown: Gate: live order book, 4 min ago; 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 Gate live order book, 4 min ago3.92 bp25.3 bp −$25237.8 bp −$2,378doesn't fitdoesn't fit
Sell Aevo no order-book sample
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−0.4037%1h2.5260−0.629%$2K$7K5.5xas long as short
Kraken Futures PF_PENDLEUSD−0.0287%1h2.5428+0.030%$160K$249K20xas long as short
Deribit PENDLE_USDC-PERPETUAL−0.0261%1h2.5410−0.039%$30K$11K10xas long as short
ApeX Omni PENDLEUSDT−0.0029%1h2.5492+0.283%$78K$240K50xas long as short
dYdX PENDLE-USD0.0000%1h2.5445+0.098%$11K5xas long as short
Variational Omni PENDLE+0.0005%8h2.5530+0.434%$661K$2.3Mas long as short
Aster PENDLEUSDT+0.0014%8h2.5433+0.051%$41K$179K10xas long as short
Reya PENDLERUSDPERP+0.0031%1h2.5407−0.052%$4K15xas long as short
Orderly PERP_PENDLE_USDC+0.0034%8h2.5407−0.051%$23K$8K10xas long as short
Extended PENDLE-USD+0.0040%1h2.5452+0.125%$167K$524K10xas long as short
Show all 30 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Binance PENDLEUSDT+0.0043%8h2.5459+0.155%$27.7M$37.6M75xas long as short
MEXC PENDLE_USDT+0.0046%8h2.5459+0.153%$17.1M$2.2M125xas long as short
BloFin PENDLE-USDT+0.0058%8h2.5436+0.063%$1.4M$824K75xas long as short
Lighter PENDLE+0.0096%1h2.5428+0.031%$556K$381K5xas long as short
Aevo PENDLE-PERPshort+0.0096%1h2.5420+0.001%$27K3x
Paradex PENDLE-USD-PERP+0.0100%8h2.5386−0.133%$35K$24K10xas long as short
Hyperliquid PENDLE+0.0100%1h2.5503+0.327%$12.6M$5.4M5xas long as short
Bybit PENDLEUSDT+0.0100%8h2.5440+0.079%$15.8M$12.0M50xas long as short
OKX PENDLE-USDT-SWAP+0.0100%4h2.5470+0.197%$3.3M$5.5M50xas long as short
Gate PENDLE_USDTlong+0.0100%8h2.5420long leg$811K$1.0M75x
KuCoin PENDLEUSDTM+0.0100%8h2.5445+0.098%$923K$602K50xas long as short
Bitget PENDLEUSDT+0.0100%8h2.5450+0.118%$3.8M$2.6M75xas long as short
BingX PENDLE-USDT+0.0100%8h2.5442+0.087%$36.3Mas long as short
edgeX PENDLEUSDC+0.0100%4h2.5473+0.209%$25K$414K10xas long as short
GRVT PENDLE_USDT_Perp+0.0100%8h2.5461+0.161%$424K$1.5M10xas long as short
Polymarket Perps PENDLE-USD+0.0100%1h2.5419−0.004%$16K$19K5xas long as short
SunX PENDLE-USDT+0.0100%8h2.5418−0.008%$1K$1.6M20xas long as short
GMX PENDLE/USD [PENDLE-USDC]L +0.0200% / S −0.0273%1h2.5415−0.019%$5K100xas long as short
Coinbase International PENDLE-PERP-INTX+0.0552%1h2.5440+0.079%$119K$437K25xas long as short
Backpack PENDLE_USDC_PERP+0.1100%1h2.5493+0.287%$377K$457K15xas long as short