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+0.0004%/8h
next payment, per $10,000+$0.01paid, last 24h+0.012%paid, last 7 days+0.041%to open and close $10k−$42
Long on LighterShort on Hyperliquid
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongLighter PENDLE2.58620.0096pay 0.0012% / 1h31m 52s$564K$352K5x
ShortHyperliquid PENDLE2.59010.0100get 0.0013% / 1h31m 52s$12.2M$5.2M5x

Funding history

latest
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Funding on every exchange

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latest

Profit calculator

Funding earned
$0.84
Slippage, 4 orders
−$33.25
Fee Lighter: 0 bp × 2 orders
$0
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Net
−$41.41
Break-even
352.1 days
Slippage from Lighter: live order book, 9 min ago; Hyperliquid: live order book, 2 min ago.

Price risk

price view
Price gap now
+0.151%
Avg gap 7d
+0.089%
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 Lighter live order book, 9 min ago3.66 bp5.8 bp −$664.7 bp −$647doesn't fitdoesn't fit
Sell Hyperliquid live order book, 2 min ago1.93 bp14.3 bp −$14doesn't fitdoesn'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−0.0276%8h$671K$2.4M—as long as short
Bybit PENDLEUSDT−0.0101%8h$16.1M$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
Reya PENDLERUSDPERP+0.0011%1h$4K—15xas long as short
Aster PENDLEUSDT+0.0013%8h$51K$128K10xas long as short
ApeX Omni PENDLEUSDT+0.0042%1h$79K$236K50xas long as short
Orderly PERP_PENDLE_USDC+0.0054%8h$20K$4K10xas long as short
BloFin PENDLE-USDT+0.0072%8h$1.4M$857K75xas long as short
Show all 29 venues
ExchangeFunding /8hEveryOIVol 24hMax lev
Lighter PENDLElong+0.0096%1h$564K$352K5x
Paradex PENDLE-USD-PERP+0.0100%8h$36K$30K10xas long as short
Hyperliquid PENDLEshort+0.0100%1h$12.2M$5.2M5x
Binance PENDLEUSDT+0.0100%8h$28.7M$33.9M75xas long as short
OKX PENDLE-USDT-SWAP+0.0100%4h$3.2M$5.0M50xas long as short
Gate PENDLE_USDT+0.0100%8h$817K$1.1M75xas long as short
MEXC PENDLE_USDT+0.0100%8h$16.8M$2.1M125xas long as short
KuCoin PENDLEUSDTM+0.0100%8h$958K$529K50xas 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$26K$417K10xas long as short
Polymarket Perps PENDLE-USD+0.0100%1h$16K$44K5xas 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
GMX PENDLE/USD [PENDLE-USDC]L +0.0200% / S −0.0272%1h$5K—100xas long as short
Backpack PENDLE_USDC_PERP+0.0283%1h$373K$450K15xas long as short
Coinbase International PENDLE-PERP-INTX+0.0432%1h$116K$430K25xas long as short
Kraken Futures PF_PENDLEUSD+0.1742%1h$163K$232K20xas long as short