data as of
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Funding arb /

PENDLE

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Funding spread now, next payment 17:00 UTC−0.0104%/8h
next payment, per $10,000−$0.13paid, last 24h−0.026%paid, last 3 days−0.023%to open and closeno order book
Long on GMXShort on Extended
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongGMX PENDLE/USD [PENDLE-USDC]2.5610L +0.0200% / S −0.0272%pay 0.0025% / 1h18m 24s$5K—100x
ShortExtended PENDLE-USD2.55870.0096get 0.0012% / 1h18m 24s$168K$520K10x

Funding history

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Range statsloading…

Funding on every exchange

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Profit calculator

Funding earned
−$21.79
Slippage, 4 orders
no order book: not counted
Fee GMX: 6 bp × 2 orders
−$12
Fee Extended: 2.5 bp × 2 orders
−$5
Net
−$38.79
Break-even
never at this rate
Slippage unknown: GMX: no order-book sample; Extended: live order book, 26 min ago. Net counts fees only.

Price risk

price view
Price gap now
−0.090%
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 GMX no order-book sample—————
Sell Extended live order book, 26 min ago1.15 bp13.2 bp −$13105.0 bp −$1,050doesn't fitdoesn't fit
GMX: 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−0.1875%1h$2K$6K5.5xas long as short
Variational Omni PENDLE−0.0271%8h$663K$2.3M—as long as short
Bybit PENDLEUSDT−0.0186%8h$16.0M$11.9M50xas long as short
Aster PENDLEUSDT−0.0009%8h$51K$130K10xas long as short
dYdX PENDLE-USD0.0000%1h$11K—5xas long as short
Deribit PENDLE_USDC-PERPETUAL0.0000%1h$30K$11K10xas long as short
Reya PENDLERUSDPERP+0.0012%1h$4K—15xas long as short
Orderly PERP_PENDLE_USDC+0.0053%8h$20K$4K10xas long as short
Binance PENDLEUSDT+0.0089%8h$28.4M$34.0M75xas long as short
MEXC PENDLE_USDT+0.0092%8h$16.8M$2.1M125xas long as short
Show all 29 venues
ExchangeFunding /8hEveryOIVol 24hMax lev
ApeX Omni PENDLEUSDT+0.0095%1h$78K$237K50xas long as short
Lighter PENDLE+0.0096%1h$559K$357K5xas long as short
Extended PENDLE-USDshort+0.0096%1h$168K$520K10x
Paradex PENDLE-USD-PERP+0.0100%8h$36K$30K10xas long as short
Hyperliquid PENDLE+0.0100%1h$12.2M$5.2M5xas long as short
OKX PENDLE-USDT-SWAP+0.0100%4h$3.3M$5.1M50xas long as short
Gate PENDLE_USDT+0.0100%8h$814K$1.1M75xas long as short
KuCoin PENDLEUSDTM+0.0100%8h$948K$555K50xas long as short
Bitget PENDLEUSDT+0.0100%8h$3.8M$2.6M75xas long as short
BingX PENDLE-USDT+0.0100%8h—$34.2M—as long as short
edgeX PENDLEUSDC+0.0100%4h$26K$416K10xas long as short
Polymarket Perps PENDLE-USD+0.0100%1h$16K$39K5xas long as short
SunX PENDLE-USDT+0.0100%8h$1K$1.5M20xas long as short
Aevo PENDLE-PERP+0.0104%1h$27K—3xas long as short
BloFin PENDLE-USDT+0.0107%8h$1.4M$851K75xas long as short
GMX PENDLE/USD [PENDLE-USDC]longL +0.0200% / S −0.0272%1h$5K—100x
Backpack PENDLE_USDC_PERP+0.0249%1h$373K$454K15xas long as short
Coinbase International PENDLE-PERP-INTX+0.0432%1h$115K$431K25xas long as short
Kraken Futures PF_PENDLEUSD+0.1764%1h$144K$252K20xas long as short