Settings8H · net · $10k
Funding arb · Price arb /

PENDLE

all PENDLE markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%
Price spread now: SunX against KuCoin+0.060%7-day average +0.027% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 7 days0.000%$0 on $10k
Price spread, last 3 days (all we have)−0.093%−$9 · spread now +0.060%, 7d avg +0.027%
Together, before fees−0.093%−$9 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: SunX is 0.033% dearer against KuCoin than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of +0.027%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongKuCoin PENDLEUSDTM2.51430.0100pay 0.0100% / 8h6h 17m$868K$595K50x
ShortSunX PENDLE-USDT2.51580.0100get 0.0100% / 8h6h 17m$2K$1.8M20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

SunX against KuCoin. 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

Funding earned
$0
Price spread: +0.060% → +0.027%
$3.25
Slippage, 4 orders
no order book: not counted
Fee KuCoin: 6 bp × 2 orders
−$12
Fee SunX: 4 bp × 2 orders
−$8
Net
−$16.75
Costs to cover
0.200%
Break-even
never at this rate
Slippage unknown: KuCoin: live order book, 31 min ago; SunX: live order book, 8 min ago. Net counts fees only.

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, 31 min ago9.93 bp58.8 bp −$59170.8 bp −$1,708doesn't fitdoesn't fit
Sell SunX live order book, 8 min ago500.14 bpdoesn't fitdoesn't fitdoesn't fitdoesn't fit

PENDLE on 29 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Injective PENDLE/USDC PERP−0.4742%1h2.4870−1.086%$2K$54K5.5xas long as short
Deribit PENDLE_USDC-PERPETUAL−0.0386%1h2.5157+0.056%$26K$14K10xas long as short
ApeX Omni PENDLEUSDT−0.0130%1h2.5163+0.080%$77K$236K50xas long as short
Binance PENDLEUSDT−0.0129%8h2.5110−0.132%$27.0M$43.4M75xas long as short
Extended PENDLE-USD−0.0128%1h2.5122−0.083%$163K$570K10xas long as short
MEXC PENDLE_USDT−0.0126%8h2.5147+0.016%$17.4M$1.8M125xas long as short
GRVT PENDLE_USDT_Perp−0.0116%8h2.5198+0.219%$425K$1.7M10xas long as short
Variational Omni PENDLE−0.0039%8h2.5145+0.009%$599K$1.8Mas long as short
Bybit PENDLEUSDT−0.0038%8h2.5110−0.131%$15.2M$12.1M50xas long as short
Orderly PERP_PENDLE_USDC−0.0038%8h2.5147+0.016%$20K$16K10xas long as short
Show all 29 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Gate PENDLE_USDT−0.0029%8h2.5140−0.012%$764K$1.2M75xas long as short
Aster PENDLEUSDT−0.0027%8h2.5174+0.124%$50K$181K10xas long as short
dYdX PENDLE-USD0.0000%1h2.5140−0.011%$11K5xas long as short
Aevo PENDLE-PERP+0.0048%1h2.5140−0.012%$26K3xas long as short
Reya PENDLERUSDPERP+0.0056%1h2.5141−0.010%$4K15xas long as short
Lighter PENDLE+0.0096%1h2.5154+0.044%$535K$416K5xas long as short
Paradex PENDLE-USD-PERP+0.0100%8h2.5158+0.059%$35K$16K10xas long as short
Hyperliquid PENDLE+0.0100%1h2.5168+0.099%$12.9M$6.4M5xas long as short
OKX PENDLE-USDT-SWAP+0.0100%4h2.5110−0.131%$3.2M$6.2M50xas long as short
KuCoin PENDLEUSDTMlong+0.0100%8h2.5143long leg$868K$595K50x
Bitget PENDLEUSDT+0.0100%8h2.5119−0.095%$3.8M$2.5M75xas long as short
BingX PENDLE-USDT+0.0100%8h2.5132−0.044%$33.6Mas long as short
edgeX PENDLEUSDC+0.0100%4h2.5159+0.062%$25K$380K10xas long as short
Polymarket Perps PENDLE-USD+0.0100%1h2.5178+0.139%$16K$20K5xas long as short
SunX PENDLE-USDTshort+0.0100%8h2.5158+0.060%$2K$1.8M20x
GMX PENDLE/USD [PENDLE-USDC]L +0.0158% / S −0.0256%1h2.5174+0.122%$7K100xas long as short
Backpack PENDLE_USDC_PERP+0.0440%1h2.5191+0.191%$353K$481K15xas long as short
Coinbase International PENDLE-PERP-INTX+0.0632%1h2.5260+0.465%$145K$474K25xas long as short
Kraken Futures PF_PENDLEUSD+0.0865%1h2.5207+0.253%$117K$290K20xas long as short