Settings8H · net · $10k
Funding arb · Price arb /

PENDLE

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 05:00 UTC+0.0028%/8h= +3.1% APRpaid last 24h +0.003%
Price spread now: Bitget against Aevo−0.005%7-day average · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 5 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before feesneeds both histories
The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: +$1 a day on $10k at the current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongAevo PENDLE-PERP2.45080.0072pay 0.0009% / 1h7m 42s$26K3x
ShortBitget PENDLEUSDT2.45070.0100get 0.0100% / 8h3h 07m$3.6M$2.3M75x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bitget against Aevo. 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

Funding earned
$5.88
Price spread: −0.005% → 0.000%
−$0.52
Slippage, 4 orders
no order book: not counted
Fee Aevo: 8 bp × 2 orders
−$16
Fee Bitget: 6 bp × 2 orders
−$12
Net
−$22.64
Costs to cover
0.280%
Break-even
34.0 days
Slippage unknown: Aevo: no order-book sample; Bitget: live order book, 5 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Aevo no order-book sample
Sell Bitget live order book, 5 min ago0.20 bp16.5 bp −$1740.5 bp −$405doesn't fitdoesn't fit
Aevo: 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 30 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Injective PENDLE/USDC PERP−0.4243%1h2.4300−0.850%$2K$54K5.5xas long as short
Gate PENDLE_USDT−0.0060%8h2.4480−0.115%$718K$1.1M75xas long as short
MEXC PENDLE_USDT−0.0049%8h2.4522+0.056%$17.4M$2.0M125xas long as short
Extended PENDLE-USD−0.0048%1h2.4509+0.001%$158K$579K10xas long as short
Binance PENDLEUSDT−0.0047%8h2.4518+0.039%$25.9M$44.5M75xas long as short
Orderly PERP_PENDLE_USDC−0.0037%8h2.4516+0.032%$19K$15K10xas long as short
ApeX Omni PENDLEUSDT−0.0036%1h2.4519+0.044%$75K$234K50xas long as short
BloFin PENDLE-USDT−0.0036%8h2.4449−0.242%$1.1M$592K75xas long as short
dYdX PENDLE-USD0.0000%1h2.4483−0.105%$10K5xas long as short
Deribit PENDLE_USDC-PERPETUAL0.0000%1h2.4532+0.097%$24K$15K10xas long as short
Show all 30 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aster PENDLEUSDT+0.0042%8h2.4524+0.064%$46K$172K10xas long as short
GRVT PENDLE_USDT_Perp+0.0049%8h2.4505−0.013%$415K$2.1M10xas long as short
Reya PENDLERUSDPERP+0.0071%1h2.4512+0.016%$3K15xas long as short
Aevo PENDLE-PERPlong+0.0072%1h2.4508long leg$26K3x
Variational Omni PENDLE+0.0078%8h2.4500−0.032%$550K$1.4Mas long as short
Lighter PENDLE+0.0096%1h2.4523+0.060%$516K$431K5xas long as short
Paradex PENDLE-USD-PERP+0.0100%8h2.4515+0.027%$34K$11K10xas long as short
Bybit PENDLEUSDT+0.0100%8h2.4511+0.011%$14.4M$12.0M50xas long as short
OKX PENDLE-USDT-SWAP+0.0100%4h2.4530+0.089%$3.1M$6.4M50xas long as short
KuCoin PENDLEUSDTM+0.0100%8h2.4506−0.009%$865K$557K50xas long as short
Bitget PENDLEUSDTshort+0.0100%8h2.4507−0.005%$3.6M$2.3M75x
BingX PENDLE-USDT+0.0100%8h2.4514+0.023%$8.4Mas long as short
edgeX PENDLEUSDC+0.0100%4h2.4459−0.202%$24K$375K10xas long as short
Polymarket Perps PENDLE-USD+0.0100%1h2.4534+0.105%$16K$7K5xas long as short
SunX PENDLE-USDT+0.0100%8h2.4529+0.085%$1K$1.8M20xas long as short
GMX PENDLE/USD [PENDLE-USDC]L +0.0196% / S −0.0222%1h2.4513+0.018%$5K100xas long as short
Hyperliquid PENDLE+0.0295%1h2.4572+0.260%$12.7M$6.0M5xas long as short
Coinbase International PENDLE-PERP-INTX+0.0640%1h2.4540+0.129%$150K$508K25xas long as short
Backpack PENDLE_USDC_PERP+0.0701%1h2.4562+0.219%$356K$400K15xas long as short
Kraken Futures PF_PENDLEUSD+0.1184%1h2.4585+0.314%$115K$268K20xas long as short