data as of
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Funding arb /

PENDLE

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Funding spread now, next payment 16:00 UTC+0.0054%/8h
next payment, per $10,000+$0.54paid, last 24h+0.023%paid, last 5 days+0.111%to open and closeno order book
Long on OrderlyShort on BingX
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongOrderly PERP_PENDLE_USDC2.63690.0046pay 0.0046% / 8h1h 50m$21K$4K10x
ShortBingX PENDLE-USDT2.63640.0100get 0.0100% / 8h1h 50m—$34.1M—

Funding history

latest
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Funding on every exchange

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latest

Profit calculator

Funding earned
$11.32
Slippage, 4 orders
no order book: not counted
Fee Orderly: 3 bp × 2 orders
−$6
Fee BingX: 5 bp × 2 orders
−$10
Net
−$4.68
Break-even
9.9 days
Slippage unknown: Orderly: no order-book sample; BingX: live order book, 9 min ago. 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 Orderly no order-book sample—————
Sell BingX live order book, 9 min ago0.19 bp12.8 bp −$1326.4 bp −$264200.3 bp −$20.0K409.9 bp −$205.0K
Orderly: 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−0.3627%1h$4K$51K5.5xas long as short
Deribit PENDLE_USDC-PERPETUAL−0.0243%1h$31K$10K10xas long as short
ApeX Omni PENDLEUSDT−0.0234%1h$80K$236K50xas long as short
Variational Omni PENDLE−0.0206%8h$870K$2.1M—as long as short
Bybit PENDLEUSDT−0.0185%8h$16.5M$11.1M50xas long as short
Gate PENDLE_USDT−0.0022%8h$830K$1.0M75xas long as short
Reya PENDLERUSDPERP0.0000%1h$4K—15xas long as short
dYdX PENDLE-USD0.0000%1h$11K—5xas long as short
Orderly PERP_PENDLE_USDClong+0.0046%8h$21K$4K10x
Aster PENDLEUSDT+0.0089%8h$50K$115K10xas long as short
Show all 29 venues
ExchangeFunding /8hEveryOIVol 24hMax lev
BloFin PENDLE-USDT+0.0091%8h$1.5M$831K75xas long as short
Lighter PENDLE+0.0096%1h$582K$327K5xas long as short
Paradex PENDLE-USD-PERP+0.0100%8h$37K$31K10xas long as short
Hyperliquid PENDLE+0.0100%1h$12.6M$4.9M5xas long as short
Binance PENDLEUSDT+0.0100%8h$29.7M$30.6M75xas long as short
OKX PENDLE-USDT-SWAP+0.0100%4h$3.3M$4.7M50xas long as short
MEXC PENDLE_USDT+0.0100%8h$16.9M$2.0M125xas long as short
KuCoin PENDLEUSDTM+0.0100%8h$1.1M$458K50xas long as short
Bitget PENDLEUSDT+0.0100%8h$4.0M$2.5M75xas long as short
BingX PENDLE-USDTshort+0.0100%8h—$34.1M—
edgeX PENDLEUSDC+0.0100%4h$26K$415K10xas long as short
Polymarket Perps PENDLE-USD+0.0100%1h$19K$71K5xas long as short
SunX PENDLE-USDT+0.0100%8h$1K$1.4M20xas long as short
Extended PENDLE-USD+0.0104%1h$174K$520K10xas long as short
Aevo PENDLE-PERP+0.0104%1h$28K—3xas long as short
GMX PENDLE/USD [PENDLE-USDC]L +0.0200% / S −0.0269%1h$5K—100xas long as short
Backpack PENDLE_USDC_PERP+0.0222%1h$373K$446K15xas long as short
Coinbase International PENDLE-PERP-INTX+0.0368%1h$68K$330K25xas long as short
Kraken Futures PF_PENDLEUSD+0.1459%1h$170K$216K20xas long as short