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

PENDLE

all PENDLE markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 07:00 UTC+0.0012%/8h= +1.3% APRpaid last 24h +0.003%
Price spread now: Paradex against Aevo+0.047%7-day average · you sell dearer than you buy
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 4 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropParadex: Active · farm boardneeds both histories
Both sides work for this trade now. Funding pays $0 a day on $10k at the current rate, and Paradex is 0.047% dearer against Aevo than usual: you sell high and buy low: +$5 more if the spread goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongAevo PENDLE-PERP2.44720.0088pay 0.0011% / 1h4m 15s$26K3x
ShortParadex PENDLE-USD-PERP2.44830.0100get 0.0100% / 8h1h 04m$34K$7K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Paradex 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
$2.52
Price spread: +0.047% → 0.000%
$4.66
Slippage, 4 orders
no order book: not counted
Fee Aevo: 8 bp × 2 orders
−$16
Fee Paradex: 2 bp × 2 orders
−$4
Net
−$12.82
Costs to cover
0.200%
Break-even
42.6 days
Slippage unknown: Aevo: no order-book sample; Paradex: no order-book sample. 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 Paradex no order-book sample
Aevo and Paradex: 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−0.4348%1h2.4230−0.987%$2K$54K5.5xas long as short
Deribit PENDLE_USDC-PERPETUAL−0.0566%1h2.4490+0.075%$25K$16K10xas long as short
Orderly PERP_PENDLE_USDC−0.0018%8h2.4477+0.022%$19K$15K10xas long as short
dYdX PENDLE-USD0.0000%1h2.4524+0.215%$10K5xas long as short
BloFin PENDLE-USDT+0.0015%8h2.4497+0.104%$1.1M$477K75xas long as short
MEXC PENDLE_USDT+0.0022%8h2.4481+0.038%$17.5M$2.0M125xas long as short
Binance PENDLEUSDT+0.0022%8h2.4485+0.055%$25.8M$45.4M75xas long as short
Extended PENDLE-USD+0.0024%1h2.4479+0.032%$158K$471K10xas long as short
Gate PENDLE_USDT+0.0048%8h2.4490+0.075%$788K$1.0M75xas long as short
Reya PENDLERUSDPERP+0.0081%1h2.4479+0.031%$3K15xas long as short
Show all 30 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aevo PENDLE-PERPlong+0.0088%1h2.4472long leg$26K3x
Lighter PENDLE+0.0096%1h2.4494+0.092%$519K$417K5xas long as short
Paradex PENDLE-USD-PERPshort+0.0100%8h2.4483+0.047%$34K$7K10x
Hyperliquid PENDLE+0.0100%1h2.4511+0.161%$12.7M$6.1M5xas long as short
Aster PENDLEUSDT+0.0100%8h2.4488+0.067%$46K$169K10xas long as short
Bybit PENDLEUSDT+0.0100%8h2.4486+0.059%$14.3M$12.2M50xas long as short
OKX PENDLE-USDT-SWAP+0.0100%4h2.4510+0.157%$3.1M$6.7M50xas long as short
KuCoin PENDLEUSDTM+0.0100%8h2.4504+0.132%$872K$549K50xas long as short
Bitget PENDLEUSDT+0.0100%8h2.4486+0.059%$3.8M$2.4M75xas long as short
BingX PENDLE-USDT+0.0100%8h2.4490+0.075%$8.2Mas long as short
Variational Omni PENDLE+0.0100%8h2.4496+0.099%$595K$1.4Mas long as short
edgeX PENDLEUSDC+0.0100%4h2.4502+0.125%$24K$370K10xas long as short
GRVT PENDLE_USDT_Perp+0.0100%8h2.4496+0.101%$412K$2.4M10xas long as short
ApeX Omni PENDLEUSDT+0.0100%1h2.4508+0.149%$75K$233K50xas long as short
Polymarket Perps PENDLE-USD+0.0100%1h2.4500+0.116%$16K$4K5xas long as short
SunX PENDLE-USDT+0.0100%8h2.4498+0.108%$2K$1.8M20xas long as short
GMX PENDLE/USD [PENDLE-USDC]L +0.0196% / S −0.0222%1h2.4497+0.105%$5K100xas long as short
Backpack PENDLE_USDC_PERP+0.0530%1h2.4547+0.308%$351K$434K15xas long as short
Coinbase International PENDLE-PERP-INTX+0.0688%1h2.4510+0.157%$157K$506K25xas long as short
Kraken Futures PF_PENDLEUSD+0.1661%1h2.4545+0.299%$115K$260K20xas long as short