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

PENDLE

all PENDLE markets
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Funding spread now, next payment 19:00 UTC+0.0074%/8h
next payment, per $10,000+$0.09paid, last 24h+0.040%paid, last 3 days+0.316%to open and closeno order book
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongReya PENDLERUSDPERP2.54510.0022pay 0.0003% / 1h20m 21s$4K15x
ShortLighter PENDLE2.54600.0096get 0.0012% / 1h20m 21s$557K$359K5x

Funding history

latest
Range statsloading…

Funding on every exchange

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Profit calculator

Funding earned
$15.62
Slippage, 4 orders
no order book: not counted
Fee Reya: 3 bp × 2 orders
−$6
Fee Lighter: 0 bp × 2 orders
$0
Net
$9.62
Break-even
2.7 days
Slippage unknown: Reya: no order-book sample; Lighter: live order book, 11 min ago. Net counts fees only.

Price risk

price view
Price gap now
+0.037%
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 Lighter live order book, 11 min ago5.29 bp19.4 bp −$1991.8 bp −$918doesn't fitdoesn't fit
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−0.4421%1h$2K$7K5.5xas long as short
Variational Omni PENDLE−0.0108%8h$654K$2.2Mas long as short
Aster PENDLEUSDT−0.0030%8h$51K$140K10xas long as short
dYdX PENDLE-USD0.0000%1h$11K5xas long as short
Deribit PENDLE_USDC-PERPETUAL0.0000%1h$30K$11K10xas long as short
Reya PENDLERUSDPERPlong+0.0022%1h$4K15x
Orderly PERP_PENDLE_USDC+0.0040%8h$20K$4K10xas long as short
Extended PENDLE-USD+0.0048%1h$167K$519K10xas long as short
MEXC PENDLE_USDT+0.0048%8h$17.0M$2.2M125xas long as short
Binance PENDLEUSDT+0.0048%8h$27.9M$36.3M75xas long as short
Show all 29 venues
ExchangeFunding /8hEveryOIVol 24hMax lev
BloFin PENDLE-USDT+0.0056%8h$1.4M$814K75xas long as short
Lighter PENDLEshort+0.0096%1h$557K$359K5x
Aevo PENDLE-PERP+0.0096%1h$27K3xas long as short
Paradex PENDLE-USD-PERP+0.0100%8h$35K$28K10xas long as short
Hyperliquid PENDLE+0.0100%1h$12.3M$5.3M5xas long as short
Bybit PENDLEUSDT+0.0100%8h$15.8M$11.9M50xas long as short
OKX PENDLE-USDT-SWAP+0.0100%4h$3.3M$5.3M50xas long as short
Gate PENDLE_USDT+0.0100%8h$816K$1.1M75xas long as short
KuCoin PENDLEUSDTM+0.0100%8h$931K$600K50xas long as short
Bitget PENDLEUSDT+0.0100%8h$3.8M$2.6M75xas long as short
BingX PENDLE-USDT+0.0100%8h$34.3Mas long as short
edgeX PENDLEUSDC+0.0100%4h$25K$415K10xas long as short
ApeX Omni PENDLEUSDT+0.0100%1h$78K$238K50xas long as short
Polymarket Perps PENDLE-USD+0.0100%1h$16K$30K5xas long as short
SunX PENDLE-USDT+0.0100%8h$2K$1.6M20xas long as short
GMX PENDLE/USD [PENDLE-USDC]L +0.0200% / S −0.0272%1h$5K100xas long as short
Backpack PENDLE_USDC_PERP+0.0579%1h$374K$460K15xas long as short
Coinbase International PENDLE-PERP-INTX+0.0624%1h$115K$436K25xas long as short
Kraken Futures PF_PENDLEUSD+0.1434%1h$158K$251K20xas long as short