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

PENDLE

all PENDLE markets
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Funding spread now, next payment 16:00 UTC−0.0091%/8h
next payment, per $10,000$0.11paid, last 24h−0.044%paid, last 3 days−0.317%to open and closeno order book
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongLighter PENDLE2.64240.0096pay 0.0012% / 1h41m 19s$575K$356K5x
ShortReya PENDLERUSDPERP2.64290.0005get 0.0001% / 1h41m 19s$4K15x

Funding history

latest
Range statsloading…

Funding on every exchange

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latest

Profit calculator

Funding earned
−$19.01
Slippage, 4 orders
no order book: not counted
Fee Lighter: 0 bp × 2 orders
$0
Fee Reya: 3 bp × 2 orders
−$6
Net
−$25.01
Break-even
never at this rate
Slippage unknown: Lighter: live order book, 5 min ago; Reya: no order-book sample. Net counts fees only.

Price risk

price view
Price gap now
+0.019%
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 Lighter live order book, 5 min ago3.58 bp4.3 bp −$460.6 bp −$606doesn't fitdoesn't fit
Sell Reya no order-book sample
Reya: 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−0.1178%1h$3K$6K5.5xas long as short
Deribit PENDLE_USDC-PERPETUAL−0.0280%1h$31K$10K10xas long as short
Variational Omni PENDLE−0.0220%8h$888K$2.1Mas long as short
Bybit PENDLEUSDT−0.0196%8h$16.4M$11.2M50xas long as short
Gate PENDLE_USDT−0.0029%8h$816K$1.0M75xas long as short
Polymarket Perps PENDLE-USD−0.0024%1h$18K$59K5xas long as short
dYdX PENDLE-USD0.0000%1h$11K5xas long as short
Reya PENDLERUSDPERPshort+0.0005%1h$4K15x
Aster PENDLEUSDT+0.0043%8h$51K$122K10xas long as short
Orderly PERP_PENDLE_USDC+0.0054%8h$21K$4K10xas long as short
Show all 29 venues
ExchangeFunding /8hEveryOIVol 24hMax lev
BloFin PENDLE-USDT+0.0074%8h$1.5M$852K75xas long as short
Lighter PENDLElong+0.0096%1h$575K$356K5x
Paradex PENDLE-USD-PERP+0.0100%8h$37K$30K10xas long as short
Hyperliquid PENDLE+0.0100%1h$12.5M$5.1M5xas long as short
Binance PENDLEUSDT+0.0100%8h$29.5M$32.0M75xas long as short
OKX PENDLE-USDT-SWAP+0.0100%4h$3.3M$4.8M50xas long as short
MEXC PENDLE_USDT+0.0100%8h$17.1M$2.1M125xas long as short
KuCoin PENDLEUSDTM+0.0100%8h$1.1M$467K50xas long as short
Bitget PENDLEUSDT+0.0100%8h$4.0M$2.6M75xas long as short
BingX PENDLE-USDT+0.0100%8h$34.1Mas long as short
edgeX PENDLEUSDC+0.0100%4h$26K$414K10xas long as short
ApeX Omni PENDLEUSDT+0.0100%1h$80K$236K50xas long as short
SunX PENDLE-USDT+0.0100%8h$2K$1.5M20xas long as short
Extended PENDLE-USD+0.0104%1h$175K$520K10xas long as short
Aevo PENDLE-PERP+0.0104%1h$28K3xas long as short
GMX PENDLE/USD [PENDLE-USDC]L +0.0200% / S −0.0269%1h$5K100xas long as short
Backpack PENDLE_USDC_PERP+0.0328%1h$375K$445K15xas long as short
Coinbase International PENDLE-PERP-INTX+0.0496%1h$98K$386K25xas long as short
Kraken Futures PF_PENDLEUSD+0.1852%1h$170K$215K20xas long as short