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

PENDLE

all PENDLE markets
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Funding spread now, next payment 16:00 UTC+0.0053%/8h
next payment, per $10,000+$0.53paid, last 24h+0.023%paid, last 5 days+0.154%to open and closeno order book
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongOrderly PERP_PENDLE_USDC2.64580.0047pay 0.0047% / 8h1h 41m$21K$4K10x
ShortKuCoin PENDLEUSDTM2.64560.0100get 0.0100% / 8h1h 41m$1.1M$461K50x

Funding history

latest
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Funding on every exchange

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latest

Profit calculator

Funding earned
$11.2
Slippage, 4 orders
no order book: not counted
Fee Orderly: 3 bp × 2 orders
−$6
Fee KuCoin: 6 bp × 2 orders
−$12
Net
−$6.8
Break-even
11.3 days
Slippage unknown: Orderly: no order-book sample; KuCoin: live order book, 10 min ago. Net counts fees only.

Price risk

price view
Price gap now
−0.008%
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 KuCoin live order book, 10 min ago9.11 bp36.9 bp −$37doesn't fitdoesn't fitdoesn't fit
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
ApeX Omni PENDLEUSDT−0.0256%1h$80K$234K50xas long as short
Variational Omni PENDLE−0.0206%8h$864K$2.1Mas long as short
Bybit PENDLEUSDT−0.0191%8h$16.5M$11.2M50xas long as short
Deribit PENDLE_USDC-PERPETUAL−0.0052%1h$31K$10K10xas long as short
Gate PENDLE_USDT−0.0016%8h$834K$1.0M75xas long as short
dYdX PENDLE-USD0.0000%1h$11K5xas long as short
Reya PENDLERUSDPERP+0.0001%1h$4K15xas long as short
Orderly PERP_PENDLE_USDClong+0.0047%8h$21K$4K10x
Aster PENDLEUSDT+0.0086%8h$51K$120K10xas long as short
Show all 29 venues
ExchangeFunding /8hEveryOIVol 24hMax lev
Polymarket Perps PENDLE-USD+0.0091%1h$19K$71K5xas long as short
BloFin PENDLE-USDT+0.0092%8h$1.5M$831K75xas long as short
Lighter PENDLE+0.0096%1h$584K$330K5xas long as short
Paradex PENDLE-USD-PERP+0.0100%8h$37K$31K10xas long as short
Hyperliquid PENDLE+0.0100%1h$12.6M$5.0M5xas long as short
Binance PENDLEUSDT+0.0100%8h$29.6M$31.4M75xas long as short
OKX PENDLE-USDT-SWAP+0.0100%4h$3.3M$4.7M50xas long as short
MEXC PENDLE_USDT+0.0100%8h$17.0M$2.1M125xas long as short
KuCoin PENDLEUSDTMshort+0.0100%8h$1.1M$461K50x
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$417K10xas 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$28K3xas long as short
GMX PENDLE/USD [PENDLE-USDC]L +0.0200% / S −0.0269%1h$5K100xas long as short
Coinbase International PENDLE-PERP-INTX+0.0368%1h$77K$350K25xas long as short
Backpack PENDLE_USDC_PERP+0.0435%1h$375K$447K15xas long as short
Kraken Futures PF_PENDLEUSD+0.1454%1h$171K$219K20xas long as short