data as of
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Funding arb /

PENDLE

all PENDLE markets
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Funding spread now, next payment 19:00 UTC−0.0144%/8h
paid, last 24h−0.028%paid, last 3 days−0.036%to open and closeno order book
Long on GMXShort on MEXC
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongGMX PENDLE/USD [PENDLE-USDC]2.5440L +0.0200% / S −0.0272%pay 0.0025% / 1h23m 48s$5K—100x
ShortMEXC PENDLE_USDT2.54230.0056get 0.0056% / 8h5h 23m$17.0M$2.2M125x

Funding history

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Range statsloading…

Funding on every exchange

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latest

Profit calculator

Funding earned
−$30.19
Slippage, 4 orders
no order book: not counted
Fee GMX: 6 bp × 2 orders
−$12
Fee MEXC: 2 bp × 2 orders
−$4
Net
−$46.19
Break-even
never at this rate
Slippage unknown: GMX: no order-book sample; MEXC: live order book, 1 min ago. Net counts fees only.

Price risk

price view
Price gap now
−0.068%
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 MEXC live order book, 1 min ago0.59 bp5.4 bp −$538.8 bp −$38885.4 bp −$8,540doesn'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−0.4421%1h$2K$7K5.5xas long as short
Variational Omni PENDLE−0.0106%8h$656K$2.2M—as long as short
Aster PENDLEUSDT−0.0022%8h$51K$138K10xas 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+0.0021%1h$4K—15xas long as short
Orderly PERP_PENDLE_USDC+0.0041%8h$20K$4K10xas long as short
Extended PENDLE-USD+0.0056%1h$168K$519K10xas long as short
MEXC PENDLE_USDTshort+0.0056%8h$17.0M$2.2M125x
Binance PENDLEUSDT+0.0056%8h$27.9M$36.0M75xas long as short
Show all 29 venues
ExchangeFunding /8hEveryOIVol 24hMax lev
BloFin PENDLE-USDT+0.0063%8h$1.4M$816K75xas long as short
Lighter PENDLE+0.0096%1h$556K$359K5xas long as short
Aevo PENDLE-PERP+0.0096%1h$27K—3xas long as short
Paradex PENDLE-USD-PERP+0.0100%8h$36K$28K10xas long as short
Hyperliquid PENDLE+0.0100%1h$12.3M$5.3M5xas long as short
Bybit PENDLEUSDT+0.0100%8h$15.8M$11.9M50xas long as short
OKX PENDLE-USDT-SWAP+0.0100%4h$3.3M$5.3M50xas long as short
Gate PENDLE_USDT+0.0100%8h$816K$1.0M75xas long as short
KuCoin PENDLEUSDTM+0.0100%8h$932K$599K50xas long as short
Bitget PENDLEUSDT+0.0100%8h$3.9M$2.6M75xas long as short
BingX PENDLE-USDT+0.0100%8h—$34.3M—as long as short
edgeX PENDLEUSDC+0.0100%4h$25K$414K10xas long as short
ApeX Omni PENDLEUSDT+0.0100%1h$78K$238K50xas long as short
Polymarket Perps PENDLE-USD+0.0100%1h$16K$30K5xas long as short
SunX PENDLE-USDT+0.0100%8h$2K$1.6M20xas long as short
GMX PENDLE/USD [PENDLE-USDC]longL +0.0200% / S −0.0272%1h$5K—100x
Backpack PENDLE_USDC_PERP+0.0586%1h$375K$460K15xas long as short
Coinbase International PENDLE-PERP-INTX+0.0624%1h$116K$438K25xas long as short
Kraken Futures PF_PENDLEUSD+0.1435%1h$158K$251K20xas long as short