PENDLE

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0102%/8h= +11.2% APRnext payment +$1.02 per $10,000 · paid last 24h +0.008%

Price spread now: Bitget against Gate−0.057%7-day average −0.025% · you buy dearer than you sell

Net, funding: paid 7d − costs−$82as in the Funding arb table

Net, price: spread back to 7d avg − costs−$85as in the Price arb table

costs, in and out, $10k−$820.817% of the position

Long on Gate Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days−0.005%$0 on $10k

Price spread, last 7 days+0.010%+$1 · spread now −0.057%, 7d avg −0.025%

Together, before fees+0.005%+$1 on $10k · with fees, hour by hour

Funding pays, the price is against you. Bitget is 0.032% cheaper against Gate than usual: you would sell low and buy high (spread −0.057% now, against its 7-day average of −0.025%). If the spread goes back, that is −$3 on $10k: about 25 hours of funding at the current rate (+$3 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate PENDLE_USDT	2.4670	−0.0002	get 0.0002% / 8h	4h 51m	$716K	$1.1M	75x
Short	Bitget PENDLEUSDT	2.4656	0.0100	get 0.0100% / 8h	4h 51m	$3.7M	$2.4M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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

Position, each leg$Hold fordaysFee GatebpFee BitgetbpOrdersPrice spread, now −0.057%Rate

Funding earned: $21.42
Price spread: −0.057% → −0.025%: −$3.18
Slippage, 4 orders: −$54.74
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$63.5
Costs to cover: 0.817%
Break-even: 27.8 days

Slippage from Gate: live order book, 5 min ago; Bitget: live order book, 1 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Gate live order book, 5 min ago	4.05 bp	20.2 bp −$20	161.5 bp −$1,615	doesn't fit	doesn't fit
Sell Bitget live order book, 1 min ago	3.25 bp	20.7 bp −$21	45.9 bp −$459	doesn't fit	doesn't fit

PENDLE on 30 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Injective PENDLE/USDC PERP	−0.4334%	1h	2.4430	−0.973%	$2K	$54K	5.5x	as long as short
Deribit PENDLE_USDC-PERPETUAL	−0.0358%	1h	2.4653	−0.069%	$25K	$14K	10x	as long as short
BloFin PENDLE-USDT	−0.0082%	8h	2.4693	+0.093%	$1.3M	$652K	75x	as long as short
Extended PENDLE-USD	−0.0072%	1h	2.4635	−0.140%	$161K	$570K	10x	as long as short
Binance PENDLEUSDT	−0.0068%	8h	2.4651	−0.076%	$26.3M	$43.8M	75x	as long as short
MEXC PENDLE_USDT	−0.0066%	8h	2.4657	−0.053%	$17.3M	$1.9M	125x	as long as short
Aster PENDLEUSDT	−0.0040%	8h	2.4683	+0.053%	$47K	$178K	10x	as long as short
Orderly PERP_PENDLE_USDC	−0.0036%	8h	2.4655	−0.061%	$19K	$15K	10x	as long as short
Gate PENDLE_USDTlong	−0.0002%	8h	2.4670	long leg	$716K	$1.1M	75x
dYdX PENDLE-USD	0.0000%	1h	2.4698	+0.114%	$10K	—	5x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni PENDLE	+0.0030%	8h	2.4746	+0.308%	$564K	$1.8M	—	as long as short
Reya PENDLERUSDPERP	+0.0062%	1h	2.4678	+0.034%	$3K	—	15x	as long as short
Aevo PENDLE-PERP	+0.0064%	1h	2.4644	−0.107%	$26K	—	3x	as long as short
GRVT PENDLE_USDT_Perp	+0.0081%	8h	2.4707	+0.150%	$412K	$1.8M	10x	as long as short
Lighter PENDLE	+0.0096%	1h	2.4668	−0.008%	$527K	$414K	5x	as long as short
Paradex PENDLE-USD-PERP	+0.0100%	8h	2.4651	−0.077%	$34K	$13K	10x	as long as short
Bybit PENDLEUSDT	+0.0100%	8h	2.4642	−0.113%	$14.6M	$12.3M	50x	as long as short
OKX PENDLE-USDT-SWAP	+0.0100%	4h	2.4650	−0.081%	$3.1M	$6.2M	50x	as long as short
KuCoin PENDLEUSDTM	+0.0100%	8h	2.4688	+0.073%	$874K	$580K	50x	as long as short
Bitget PENDLEUSDTshort	+0.0100%	8h	2.4656	−0.057%	$3.7M	$2.4M	75x
BingX PENDLE-USDT	+0.0100%	8h	2.4681	+0.045%	—	$8.6M	—	as long as short
edgeX PENDLEUSDC	+0.0100%	4h	2.4716	+0.185%	$24K	$377K	10x	as long as short
ApeX Omni PENDLEUSDT	+0.0100%	1h	2.4657	−0.053%	$75K	$235K	50x	as long as short
Polymarket Perps PENDLE-USD	+0.0100%	1h	2.4689	+0.077%	$16K	$8K	5x	as long as short
SunX PENDLE-USDT	+0.0100%	8h	2.4666	−0.016%	$2K	$1.8M	20x	as long as short
GMX PENDLE/USD [PENDLE-USDC]	L +0.0196% / S −0.0222%	1h	2.4666	−0.016%	$5K	—	100x	as long as short
Hyperliquid PENDLE	+0.0197%	1h	2.4699	+0.118%	$12.6M	$6.1M	5x	as long as short
Backpack PENDLE_USDC_PERP	+0.0485%	1h	2.4703	+0.134%	$356K	$478K	15x	as long as short
Coinbase International PENDLE-PERP-INTX	+0.0608%	1h	2.4760	+0.365%	$147K	$493K	25x	as long as short
Kraken Futures PF_PENDLEUSD	+0.1177%	1h	2.4712	+0.170%	$115K	$278K	20x	as long as short