data as of
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Funding arb /

PENDLE

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Funding spread now, next payment 17:00 UTC+0.0172%/8h
paid, last 24h+0.069%paid, last 3 days+0.208%to open and closeno order book
Long on KuCoinShort on GMX
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongKuCoin PENDLEUSDTM2.60200.0100pay 0.0100% / 8h7h 43m$967K$528K50x
ShortGMX PENDLE/USD [PENDLE-USDC]2.6005L +0.0200% / S −0.0272%get 0.0034% / 1h43m 48s$5K—100x

Funding history

latest
Range statsloading…

Funding on every exchange

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latest

Profit calculator

Funding earned
$36.14
Slippage, 4 orders
no order book: not counted
Fee KuCoin: 6 bp × 2 orders
−$12
Fee GMX: 6 bp × 2 orders
−$12
Net
$12.14
Break-even
4.6 days
Slippage unknown: KuCoin: live order book, 7 min ago; GMX: no order-book sample. Net counts fees only.

Price risk

price view
Price gap now
−0.058%
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 KuCoin live order book, 7 min ago10.12 bp42.6 bp −$43168.0 bp −$1,680doesn't fitdoesn't fit
Sell GMX no order-book sample—————
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−0.0276%8h$670K$2.4M—as long as short
Bybit PENDLEUSDT−0.0138%8h$16.2M$12.0M50xas long as short
ApeX Omni PENDLEUSDT−0.0032%1h$78K$236K50xas long as short
dYdX PENDLE-USD0.0000%1h$11K—5xas long as short
Deribit PENDLE_USDC-PERPETUAL0.0000%1h$31K$11K10xas long as short
Reya PENDLERUSDPERP+0.0010%1h$4K—15xas long as short
Aster PENDLEUSDT+0.0013%8h$52K$128K10xas long as short
Orderly PERP_PENDLE_USDC+0.0055%8h$20K$5K10xas long as short
Polymarket Perps PENDLE-USD+0.0070%1h$17K$49K5xas long as short
Show all 29 venues
ExchangeFunding /8hEveryOIVol 24hMax lev
Lighter PENDLE+0.0096%1h$566K$350K5xas long as short
Paradex PENDLE-USD-PERP+0.0100%8h$36K$30K10xas long as short
Hyperliquid PENDLE+0.0100%1h$12.3M$5.3M5xas long as short
Binance PENDLEUSDT+0.0100%8h$28.9M$33.8M75xas long as short
OKX PENDLE-USDT-SWAP+0.0100%4h$3.2M$5.0M50xas long as short
Gate PENDLE_USDT+0.0100%8h$822K$1.1M75xas long as short
MEXC PENDLE_USDT+0.0100%8h$16.8M$2.1M125xas long as short
KuCoin PENDLEUSDTMlong+0.0100%8h$967K$528K50x
Bitget PENDLEUSDT+0.0100%8h$3.9M$2.7M75xas long as short
BingX PENDLE-USDT+0.0100%8h—$34.3M—as long as short
edgeX PENDLEUSDC+0.0100%4h$26K$417K10xas long as short
SunX PENDLE-USDT+0.0100%8h$2K$1.5M20xas long as short
Extended PENDLE-USD+0.0104%1h$171K$520K10xas long as short
Aevo PENDLE-PERP+0.0104%1h$27K—3xas long as short
BloFin PENDLE-USDT+0.0113%8h$1.5M$859K75xas long as short
Backpack PENDLE_USDC_PERP+0.0178%1h$376K$454K15xas long as short
GMX PENDLE/USD [PENDLE-USDC]shortL +0.0200% / S −0.0272%1h$5K—100x
Coinbase International PENDLE-PERP-INTX+0.0432%1h$117K$431K25xas long as short
Kraken Futures PF_PENDLEUSD+0.1733%1h$164K$232K20xas long as short