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

PENDLE

all PENDLE markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 09:00 UTC+0.0002%/8h= +0.2% APRpaid last 24h +0.006%
Price spread now: Extended against MEXC−0.077%7-day average −0.079% · you buy dearer than you sell
Net, funding: paid 7d − costs−$38as in the Funding arb table
Net, price: spread back to 7d avg − costs−$39as in the Price arb table
costs, in and out, $10k−$390.390% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.007%+$1 on $10k
Price spread, last 4 days (all we have)+0.220%+$22 · spread now −0.077%, 7d avg −0.079%
Together, before fees+0.228%+ Points / potential airdropExtended: Active · farm board+$23 on $10k · with fees, hour by hour
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongMEXC PENDLE_USDT2.4179−0.0090get 0.0090% / 8h7h 33m$17.9M$2.1M125x
ShortExtended PENDLE-USD2.4160−0.0088pay 0.0011% / 1h33m 12s$156K$924K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Extended against MEXC. 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
$0.42
Price spread: −0.077% → −0.079%
$0.2
Slippage, 4 orders
−$29.99
Fee MEXC: 2 bp × 2 orders
−$4
Fee Extended: 2.5 bp × 2 orders
−$5
Net
−$38.36
Costs to cover
0.390%
Break-even
646.4 days
Slippage from MEXC: live order book, just now; Extended: live order book, 65 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy MEXC live order book, just now0.21 bp3.2 bp −$322.2 bp −$22284.2 bp −$8,416doesn't fit
Sell Extended live order book, 65 min ago1.64 bp14.5 bp −$14128.9 bp −$1,289doesn't fitdoesn't fit

PENDLE on 30 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−0.3627%1h2.3970−0.864%$2K$55K5.5xas long as short
GRVT PENDLE_USDT_Perp−0.1059%8h2.4241+0.255%$400K$2.6M10xas long as short
Gate PENDLE_USDT−0.0376%8h2.4180+0.004%$767K$992K75xas long as short
Deribit PENDLE_USDC-PERPETUAL−0.0287%1h2.4177−0.008%$24K$16K10xas long as short
BloFin PENDLE-USDT−0.0104%8h2.41790.000%$1.1M$503K75xas long as short
Binance PENDLEUSDT−0.0091%8h2.4170−0.037%$25.3M$45.9M75xas long as short
MEXC PENDLE_USDTlong−0.0090%8h2.4179long leg$17.9M$2.1M125x
Extended PENDLE-USDshort−0.0088%1h2.4160−0.077%$156K$924K10x
Bybit PENDLEUSDT−0.0038%8h2.4170−0.037%$14.0M$11.9M50xas long as short
Orderly PERP_PENDLE_USDC−0.0015%8h2.4170−0.037%$18K$15K10xas long as short
Show all 30 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
dYdX PENDLE-USD0.0000%1h2.4191+0.050%$10K5xas long as short
ApeX Omni PENDLEUSDT+0.0003%1h2.4283+0.430%$74K$231K50xas long as short
Aster PENDLEUSDT+0.0021%8h2.4211+0.134%$47K$168K10xas long as short
Aevo PENDLE-PERP+0.0064%1h2.4133−0.191%$25K3xas long as short
Reya PENDLERUSDPERP+0.0088%1h2.4236+0.237%$3K15xas long as short
Lighter PENDLE+0.0096%1h2.4178−0.004%$521K$429K5xas long as short
Paradex PENDLE-USD-PERP+0.0100%8h2.4167−0.050%$34K$3K10xas long as short
Hyperliquid PENDLE+0.0100%1h2.4205+0.108%$12.6M$6.0M5xas long as short
OKX PENDLE-USDT-SWAP+0.0100%4h2.4180+0.004%$3.1M$6.7M50xas long as short
KuCoin PENDLEUSDTM+0.0100%8h2.4196+0.070%$685K$598K50xas long as short
Bitget PENDLEUSDT+0.0100%8h2.4173−0.025%$3.7M$2.4M75xas long as short
BingX PENDLE-USDT+0.0100%8h2.4167−0.050%$8.3Mas long as short
Variational Omni PENDLE+0.0100%8h2.4226+0.194%$565K$1.2Mas long as short
edgeX PENDLEUSDC+0.0100%4h2.4235+0.232%$24K$369K10xas long as short
Polymarket Perps PENDLE-USD+0.0100%1h2.4210+0.128%$16K$4K5xas long as short
SunX PENDLE-USDT+0.0100%8h2.4199+0.083%$2K$1.8M20xas long as short
GMX PENDLE/USD [PENDLE-USDC]L +0.0151% / S −0.0168%1h2.4188+0.039%$5K100xas long as short
Backpack PENDLE_USDC_PERP+0.0649%1h2.4224+0.186%$357K$432K15xas long as short
Coinbase International PENDLE-PERP-INTX+0.0664%1h2.4230+0.211%$162K$515K25xas long as short
Kraken Futures PF_PENDLEUSD+0.1281%1h2.4231+0.214%$115K$253K20xas long as short