data as of
Settings8H · net · $10k
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Funding arb /

PENDLE

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Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

Funding spread now, next payment 17:00 UTC+0.0189%/8h
paid, last 24h+0.096%paid, last 7 days+0.617%to open and close $10k−$105
Long on KuCoinShort on Backpack
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongKuCoin PENDLEUSDTM2.56700.0100pay 0.0100% / 8h7h 21m$948K$542K50x
ShortBackpack PENDLE_USDC_PERP2.57570.0289get 0.0036% / 1h21m 14s$371K$451K15x

Funding history

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Funding on every exchange

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latest

Profit calculator

Funding earned
$39.62
Slippage, 4 orders
−$82.59
Fee KuCoin: 6 bp × 2 orders
−$12
Fee Backpack: 5 bp × 2 orders
−$10
Net
−$64.97
Break-even
18.5 days
Slippage from KuCoin: live order book, 29 min ago; Backpack: live order book, 24 min ago.

Price risk

price view
Price gap now
+0.339%
Avg gap 7d
+0.126%
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 KuCoin live order book, 29 min ago10.12 bp42.6 bp −$43168.0 bp −$1,680doesn't fitdoesn't fit
Sell Backpack live order book, 24 min ago2.31 bp7.8 bp −$883.8 bp −$838doesn't fitdoesn't fit

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$671K$2.3M—as long as short
Bybit PENDLEUSDT−0.0158%8h$16.0M$11.9M50xas long as short
dYdX PENDLE-USD0.0000%1h$11K—5xas long as short
Deribit PENDLE_USDC-PERPETUAL0.0000%1h$30K$11K10xas long as short
Aster PENDLEUSDT+0.0005%8h$51K$130K10xas long as short
Reya PENDLERUSDPERP+0.0012%1h$4K—15xas long as short
Orderly PERP_PENDLE_USDC+0.0054%8h$20K$4K10xas long as short
ApeX Omni PENDLEUSDT+0.0064%1h$78K$237K50xas long as short
BloFin PENDLE-USDT+0.0090%8h$1.4M$854K75xas long as short
Show all 29 venues
ExchangeFunding /8hEveryOIVol 24hMax lev
Lighter PENDLE+0.0096%1h$560K$356K5xas long as short
Extended PENDLE-USD+0.0096%1h$169K$520K10xas long as short
Binance PENDLEUSDT+0.0097%8h$28.4M$34.0M75xas long as short
MEXC PENDLE_USDT+0.0099%8h$16.7M$2.1M125xas long as short
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$817K$1.1M75xas long as short
KuCoin PENDLEUSDTMlong+0.0100%8h$948K$542K50x
Bitget PENDLEUSDT+0.0100%8h$3.8M$2.6M75xas long as short
BingX PENDLE-USDT+0.0100%8h—$34.3M—as long as short
edgeX PENDLEUSDC+0.0100%4h$26K$416K10xas long as short
Polymarket Perps PENDLE-USD+0.0100%1h$16K$42K5xas 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
GMX PENDLE/USD [PENDLE-USDC]L +0.0200% / S −0.0272%1h$5K—100xas long as short
Backpack PENDLE_USDC_PERPshort+0.0289%1h$371K$451K15x
Coinbase International PENDLE-PERP-INTX+0.0432%1h$115K$431K25xas long as short
Kraken Futures PF_PENDLEUSD+0.1757%1h$162K$231K20xas long as short