PENDLE

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0027%/8h= +3.0% APRnext payment +$0.27 per $10,000 · paid last 24h +0.008%

Price spread now: KuCoin against Gate−0.029%7-day average +0.029% · you buy dearer than you sell

Net, funding: paid 7d − costs−$162as in the Funding arb table

Net, price: spread back to 7d avg − costs−$172as in the Price arb table

costs, in and out, $10k−$1671.666% of the position

Long on Gate Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.044%+$4 on $10k

Price spread, last 7 days−0.015%−$2 · spread now −0.029%, 7d avg +0.029%

Together, before fees+0.029%+$3 on $10k · with fees, hour by hour

Funding pays, the price is against you. KuCoin is 0.058% cheaper against Gate than usual: you would sell low and buy high (spread −0.029% now, against its 7-day average of +0.029%). If the spread goes back, that is −$6 on $10k: about 7.2 days of funding at the current rate (+$1 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate PENDLE_USDT	2.4230	0.0073	pay 0.0073% / 8h	18m 41s	$759K	$1.1M	75x
Short	KuCoin PENDLEUSDTM	2.4223	0.0100	get 0.0100% / 8h	18m 41s	$719K	$617K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now −0.029%Rate

Funding earned: $5.67
Price spread: −0.029% → +0.029%: −$5.8
Slippage, 4 orders: −$139.63
Fee Gate: 7.5 bp × 2 orders: −$15
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$166.76
Costs to cover: 1.666%
Break-even: 212.9 days

Slippage from Gate: live order book, 3 min ago; KuCoin: live order book, 66 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, 3 min ago	4.14 bp	23.4 bp −$23	133.7 bp −$1,337	doesn't fit	doesn't fit
Sell KuCoin live order book, 66 min ago	9.50 bp	58.3 bp −$58	doesn't fit	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	−0.4810%	1h	2.3940	−1.197%	$2K	$54K	5.5x	as long as short
Deribit PENDLE_USDC-PERPETUAL	−0.0204%	1h	2.4244	+0.058%	$25K	$16K	10x	as long as short
Orderly PERP_PENDLE_USDC	−0.0015%	8h	2.4236	+0.025%	$18K	$15K	10x	as long as short
dYdX PENDLE-USD	0.0000%	1h	2.4227	−0.013%	$10K	—	5x	as long as short
MEXC PENDLE_USDT	+0.0006%	8h	2.4228	−0.008%	$18.0M	$2.1M	125x	as long as short
Binance PENDLEUSDT	+0.0007%	8h	2.4225	−0.021%	$25.5M	$46.0M	75x	as long as short
Extended PENDLE-USD	+0.0008%	1h	2.4224	−0.023%	$157K	$927K	10x	as long as short
BloFin PENDLE-USDT	+0.0017%	8h	2.4232	+0.008%	$1.1M	$502K	75x	as long as short
ApeX Omni PENDLEUSDT	+0.0062%	1h	2.4193	−0.153%	$74K	$231K	50x	as long as short
Gate PENDLE_USDTlong	+0.0073%	8h	2.4230	long leg	$759K	$1.1M	75x

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT PENDLE_USDT_Perp	+0.0076%	8h	2.4191	−0.162%	$404K	$2.5M	10x	as long as short
Aevo PENDLE-PERP	+0.0080%	1h	2.4239	+0.035%	$25K	—	3x	as long as short
Reya PENDLERUSDPERP	+0.0084%	1h	2.4239	+0.036%	$3K	—	15x	as long as short
Lighter PENDLE	+0.0096%	1h	2.4242	+0.050%	$522K	$432K	5x	as long as short
Paradex PENDLE-USD-PERP	+0.0100%	8h	2.4231	+0.005%	$34K	$5K	10x	as long as short
Hyperliquid PENDLE	+0.0100%	1h	2.4279	+0.202%	$12.7M	$6.1M	5x	as long as short
Aster PENDLEUSDT	+0.0100%	8h	2.4238	+0.033%	$47K	$171K	10x	as long as short
Bybit PENDLEUSDT	+0.0100%	8h	2.4226	−0.017%	$14.1M	$12.2M	50x	as long as short
OKX PENDLE-USDT-SWAP	+0.0100%	4h	2.4240	+0.041%	$3.1M	$6.7M	50x	as long as short
KuCoin PENDLEUSDTMshort	+0.0100%	8h	2.4223	−0.029%	$719K	$617K	50x
Bitget PENDLEUSDT	+0.0100%	8h	2.4235	+0.021%	$3.8M	$2.5M	75x	as long as short
BingX PENDLE-USDT	+0.0100%	8h	2.4248	+0.074%	—	$8.2M	—	as long as short
Variational Omni PENDLE	+0.0100%	8h	2.4181	−0.203%	$562K	$1.3M	—	as long as short
edgeX PENDLEUSDC	+0.0100%	4h	2.4183	−0.195%	$24K	$369K	10x	as long as short
Polymarket Perps PENDLE-USD	+0.0100%	1h	2.4272	+0.173%	$16K	$4K	5x	as long as short
SunX PENDLE-USDT	+0.0100%	8h	2.4263	+0.136%	$2K	$1.8M	20x	as long as short
GMX PENDLE/USD [PENDLE-USDC]	L +0.0196% / S −0.0222%	1h	2.4246	+0.065%	$5K	—	100x	as long as short
Backpack PENDLE_USDC_PERP	+0.0626%	1h	2.4301	+0.293%	$351K	$435K	15x	as long as short
Coinbase International PENDLE-PERP-INTX	+0.0672%	1h	2.4290	+0.248%	$156K	$507K	25x	as long as short
Kraken Futures PF_PENDLEUSD	+0.1526%	1h	2.4290	+0.246%	$115K	$263K	20x	as long as short