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

PENDLE

all PENDLE markets
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Funding spread now, next payment 16:00 UTC−0.1184%/8h
next payment, per $10,000$1.48paid, last 24h−0.041%paid, last 3 days+0.189%to open and closeno order book
The current rate is far above what this pair has been paying: over the last 3 days it paid 0.189% in total (about 24.2% a year). A funding rate is set anew for every payment; at this rate the next one is about $1.48 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongReya PENDLERUSDPERP2.65140.0005pay 0.0001% / 1h45m 29s$4K15x
ShortInjective PENDLE/USDC PERP2.6620−0.1178pay 0.0147% / 1h45m 29s$3K$6K5.5x

Funding history

latest
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Funding on every exchange

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Profit calculator

Funding earned
−$248.54
Slippage, 4 orders
no order book: not counted
Fee Reya: 3 bp × 2 orders
−$6
Fee Injective: 0.01 bp × 2 orders
−$0.02
Net
−$254.56
Break-even
never at this rate
Slippage unknown: Reya: no order-book sample; Injective: no order-book sample. Net counts fees only.

Price risk

price view
Price gap now
+0.399%
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 Reya no order-book sample
Sell Injective no order-book sample
Reya and Injective: 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 PERPshort−0.1178%1h$3K$6K5.5x
Variational Omni PENDLE−0.0220%8h$888K$2.1Mas long as short
Deribit PENDLE_USDC-PERPETUAL−0.0202%1h$31K$10K10xas long as short
Bybit PENDLEUSDT−0.0189%8h$16.4M$11.2M50xas long as short
Gate PENDLE_USDT−0.0022%8h$826K$1.0M75xas long as short
dYdX PENDLE-USD0.0000%1h$11K5xas long as short
Reya PENDLERUSDPERPlong+0.0005%1h$4K15x
Polymarket Perps PENDLE-USD+0.0048%1h$18K$59K5xas long as short
Orderly PERP_PENDLE_USDC+0.0053%8h$22K$4K10xas long as short
Aster PENDLEUSDT+0.0063%8h$51K$122K10xas long as short
Show all 29 venues
ExchangeFunding /8hEveryOIVol 24hMax lev
Lighter PENDLE+0.0096%1h$578K$356K5xas long as short
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$31.9M75xas long as short
OKX PENDLE-USDT-SWAP+0.0100%4h$3.3M$4.8M50xas long as short
MEXC PENDLE_USDT+0.0100%8h$17.2M$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$416K10xas long as short
ApeX Omni PENDLEUSDT+0.0100%1h$81K$235K50xas 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
BloFin PENDLE-USDT+0.0125%8h$1.5M$855K75xas long as short
GMX PENDLE/USD [PENDLE-USDC]L +0.0200% / S −0.0269%1h$5K100xas long as short
Backpack PENDLE_USDC_PERP+0.0475%1h$377K$445K15xas long as short
Coinbase International PENDLE-PERP-INTX+0.0496%1h$99K$387K25xas long as short
Kraken Futures PF_PENDLEUSD+0.1841%1h$171K$215K20xas long as short