PENDLE

Alert: funding

Alert: spread

Funding you earn now, next payment 16:00 UTC−0.0161%/8h= −17.6% APRnext payment −$1.61 per $10,000 · paid last 24h −0.026%

Price spread now: BloFin against SunX−0.252%55s7-day average −0.029% · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on SunX Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.084%−$8 on $10k

Price spread, last 4 days (all we have)+0.328%+$33 · spread now −0.252%, 7d avg −0.029%

Together, before fees+0.245%+$24 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$5 a day on $10k at the current rate, and BloFin is 0.223% cheaper against SunX than usual: you would sell low and buy high (−$22 if the spread goes back to its 7-day average of −0.029%). Swap the legs. The two prices were read 55 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX PENDLE-USDT	2.4607	0.0100	pay 0.0100% / 8h	7h 00m	$2K	$1.8M	20x
Short	BloFin PENDLE-USDT	2.4545	−0.0061	pay 0.0061% / 8h	7h 00m	$1.1M	$517K	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin against SunX. 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

Position, each leg$Hold fordaysFee SunXbpFee BloFinbpOrdersPrice spread, now −0.252%Rate

Funding earned: −$33.76
Price spread: −0.252% → −0.029%: −$22.32
Slippage, 4 orders: no order book: not counted
Fee SunX: 4 bp × 2 orders: −$8
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$76.07
Costs to cover: 0.200%
Break-even: never at this rate

Slippage unknown: SunX: live order book, 6 min ago; BloFin: live order book, 2 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy SunX live order book, 6 min ago	500.49 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell BloFin live order book, 2 min ago	2.44 bp	10.9 bp −$11	20.6 bp −$206	doesn't fit	doesn't fit

PENDLE on 30 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Injective PENDLE/USDC PERP	−0.3627%	1h	2.3930	−2.751%	$2K	$55K	5.5x	as long as short
GRVT PENDLE_USDT_Perp	−0.0110%	8h	2.4541	−0.268%	$407K	$2.8M	10x	as long as short
MEXC PENDLE_USDT	−0.0074%	8h	2.4603	−0.016%	$18.7M	$2.2M	125x	as long as short
Binance PENDLEUSDT	−0.0074%	8h	2.4600	−0.027%	$25.7M	$46.8M	75x	as long as short
Extended PENDLE-USD	−0.0072%	1h	2.4605	−0.010%	$162K	$934K	10x	as long as short
BloFin PENDLE-USDTshort	−0.0061%	8h	2.4545	−0.252%	$1.1M	$517K	75x
Orderly PERP_PENDLE_USDC	−0.0004%	8h	2.4602	−0.020%	$19K	$15K	10x	as long as short
dYdX PENDLE-USD	0.0000%	1h	2.4571	−0.147%	$10K	—	5x	as long as short
Deribit PENDLE_USDC-PERPETUAL	0.0000%	1h	2.4614	+0.028%	$25K	$14K	10x	as long as short
Aster PENDLEUSDT	+0.0033%	8h	2.4595	−0.048%	$50K	$179K	10x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aevo PENDLE-PERP	+0.0064%	1h	2.4601	−0.024%	$26K	—	3x	as long as short
Variational Omni PENDLE	+0.0087%	8h	2.4520	−0.352%	$584K	$1.2M	—	as long as short
Reya PENDLERUSDPERP	+0.0091%	1h	2.4550	−0.233%	$3K	—	15x	as long as short
Lighter PENDLE	+0.0096%	1h	2.4623	+0.065%	$532K	$446K	5x	as long as short
Paradex PENDLE-USD-PERP	+0.0100%	8h	2.4570	−0.151%	$34K	$3K	10x	as long as short
Hyperliquid PENDLE	+0.0100%	1h	2.4663	+0.228%	$13.0M	$6.0M	5x	as long as short
Bybit PENDLEUSDT	+0.0100%	8h	2.4571	−0.146%	$14.3M	$11.8M	50x	as long as short
OKX PENDLE-USDT-SWAP	+0.0100%	4h	2.4610	+0.012%	$3.1M	$6.8M	50x	as long as short
Gate PENDLE_USDT	+0.0100%	8h	2.4610	+0.012%	$780K	$997K	75x	as long as short
KuCoin PENDLEUSDTM	+0.0100%	8h	2.4622	+0.061%	$704K	$596K	50x	as long as short
Bitget PENDLEUSDT	+0.0100%	8h	2.4606	−0.004%	$3.9M	$2.4M	75x	as long as short
BingX PENDLE-USDT	+0.0100%	8h	2.4593	−0.057%	—	$8.2M	—	as long as short
edgeX PENDLEUSDC	+0.0100%	4h	2.4541	−0.270%	$23K	$371K	10x	as long as short
ApeX Omni PENDLEUSDT	+0.0100%	1h	2.4544	−0.256%	$75K	$231K	50x	as long as short
Polymarket Perps PENDLE-USD	+0.0100%	1h	2.4620	+0.053%	$16K	$4K	5x	as long as short
SunX PENDLE-USDTlong	+0.0100%	8h	2.4607	long leg	$2K	$1.8M	20x
GMX PENDLE/USD [PENDLE-USDC]	L +0.0151% / S −0.0168%	1h	2.4559	−0.196%	$5K	—	100x	as long as short
Coinbase International PENDLE-PERP-INTX	+0.0664%	1h	2.4640	+0.134%	$171K	$539K	25x	as long as short
Backpack PENDLE_USDC_PERP	+0.0850%	1h	2.4614	+0.028%	$366K	$433K	15x	as long as short
Kraken Futures PF_PENDLEUSD	+0.1262%	1h	2.4592	−0.059%	$116K	$253K	20x	as long as short