Funding you earn now, next payment 01:00 UTC−0.0002%/8h= −0.3% APRpaid last 24h −0.002%
Price spread now: Extended against Binance−0.072%7-day average −0.086% · you buy dearer than you sell
Net, funding: paid 7d − costs−$49as in the Funding arb table
Net, price: spread back to 7d avg − costs−$47as in the Price arb table
costs, in and out, $10k−$490.488% of the position
Funding, last 7 days+0.003%$0 on $10k
+Price spread, last 4 days (all we have)0.000%$0 · spread now −0.072%, 7d avg −0.086%
=Together, before fees+0.003%+ Points / potential airdropExtended: Active · farm board$0 on $10k · with fees, hour by hour
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance PENDLEUSDT | 2.5224 | −0.0070 | get 0.0070% / 8h | 7h 58m | $27.3M | $42.4M | 75x |
| Short | Extended PENDLE-USD | 2.5206 | −0.0072 | pay 0.0009% / 1h | 58m 18s | $166K | $524K | 10x |
Binance PENDLEUSDT
Extended PENDLE-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Extended against Binance. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$0.5
- Price spread: −0.072% → −0.086%
- $1.38
- Slippage, 4 orders
- −$33.85
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Net
- −$47.97
- Costs to cover
- 0.488%
- Break-even
- never at this rate
Slippage from Binance: live order book, 14 min ago; Extended: live order book, 15 min ago.
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 Binance live order book, 14 min ago | 0.60 bp | 10.4 bp −$10 | 31.8 bp −$318 | doesn't fit | doesn't fit |
| Sell Extended live order book, 15 min ago | 1.19 bp | 14.9 bp −$15 | 93.7 bp −$937 | 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 | −0.4643% | 1h | 2.4940 | −1.126% | $2K | $54K | 5.5x | as long as short |
| Bybit PENDLEUSDT | −0.1206% | 8h | 2.5218 | −0.024% | $15.6M | $12.0M | 50x | as long as short |
| Deribit PENDLE_USDC-PERPETUAL | −0.1175% | 1h | 2.5224 | 0.000% | $28K | $11K | 10x | as long as short |
| Gate PENDLE_USDT | −0.0574% | 8h | 2.5240 | +0.063% | $780K | $1.2M | 75x | as long as short |
| ApeX Omni PENDLEUSDT | −0.0085% | 1h | 2.5129 | −0.377% | $77K | $239K | 50x | as long as short |
| Extended PENDLE-USDshort | −0.0072% | 1h | 2.5206 | −0.072% | $166K | $524K | 10x | |
| MEXC PENDLE_USDT | −0.0072% | 8h | 2.5249 | +0.099% | $17.1M | $1.8M | 125x | as long as short |
| Binance PENDLEUSDTlong | −0.0070% | 8h | 2.5224 | long leg | $27.3M | $42.4M | 75x | |
| BloFin PENDLE-USDT | −0.0057% | 8h | 2.5275 | +0.202% | $1.3M | $712K | 75x | as long as short |
| Orderly PERP_PENDLE_USDC | −0.0011% | 8h | 2.5221 | −0.012% | $20K | $16K | 10x | as long as short |
Injective PENDLE/USDC PERP
Bybit PENDLEUSDT
Deribit PENDLE_USDC-PERPETUAL
Gate PENDLE_USDT
ApeX Omni PENDLEUSDT
MEXC PENDLE_USDT
BloFin PENDLE-USDT
Orderly PERP_PENDLE_USDCShow all 30 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| dYdX PENDLE-USD | 0.0000% | 1h | 2.5256 | +0.129% | $11K | — | 5x | as long as short |
| GRVT PENDLE_USDT_Perp | +0.0015% | 8h | 2.5166 | −0.230% | $426K | $1.6M | 10x | as long as short |
| Variational Omni PENDLE | +0.0019% | 8h | 2.5102 | −0.485% | $598K | $1.9M | — | as long as short |
| Reya PENDLERUSDPERP | +0.0047% | 1h | 2.5239 | +0.059% | $4K | — | 15x | as long as short |
| Aevo PENDLE-PERP | +0.0064% | 1h | 2.5202 | −0.087% | $26K | — | 3x | as long as short |
| Lighter PENDLE | +0.0096% | 1h | 2.5234 | +0.040% | $532K | $407K | 5x | as long as short |
| Paradex PENDLE-USD-PERP | +0.0100% | 8h | 2.5237 | +0.053% | $35K | $18K | 10x | as long as short |
| Hyperliquid PENDLE | +0.0100% | 1h | 2.5283 | +0.234% | $12.8M | $6.2M | 5x | as long as short |
| Aster PENDLEUSDT | +0.0100% | 8h | 2.5256 | +0.126% | $47K | $178K | 10x | as long as short |
| OKX PENDLE-USDT-SWAP | +0.0100% | 4h | 2.5220 | −0.016% | $3.2M | $6.0M | 50x | as long as short |
| KuCoin PENDLEUSDTM | +0.0100% | 8h | 2.5256 | +0.127% | $887K | $600K | 50x | as long as short |
| Bitget PENDLEUSDT | +0.0100% | 8h | 2.5226 | +0.008% | $3.8M | $2.5M | 75x | as long as short |
| BingX PENDLE-USDT | +0.0100% | 8h | 2.5220 | −0.016% | — | $35.7M | — | as long as short |
| edgeX PENDLEUSDC | +0.0100% | 4h | 2.5126 | −0.388% | $25K | $383K | 10x | as long as short |
| Polymarket Perps PENDLE-USD | +0.0100% | 1h | 2.5257 | +0.131% | $16K | $20K | 5x | as long as short |
| SunX PENDLE-USDT | +0.0100% | 8h | 2.5217 | −0.028% | $1K | $1.8M | 20x | as long as short |
| GMX PENDLE/USD [PENDLE-USDC] | L +0.0199% / S −0.0256% | 1h | 2.5236 | +0.049% | $5K | — | 100x | as long as short |
| Kraken Futures PF_PENDLEUSD | +0.0616% | 1h | 2.5271 | +0.187% | $119K | $298K | 20x | as long as short |
| Coinbase International PENDLE-PERP-INTX | +0.0728% | 1h | 2.5270 | +0.182% | $141K | $449K | 25x | as long as short |
| Backpack PENDLE_USDC_PERP | +0.1395% | 1h | 2.5347 | +0.488% | $333K | $488K | 15x | as long as short |
dYdX PENDLE-USD
GRVT PENDLE_USDT_Perp
Variational Omni PENDLE
Reya PENDLERUSDPERP
Aevo PENDLE-PERP
Lighter PENDLE
Paradex PENDLE-USD-PERP
Hyperliquid PENDLE
Aster PENDLEUSDT
OKX PENDLE-USDT-SWAP
KuCoin PENDLEUSDTM
Bitget PENDLEUSDT
BingX PENDLE-USDT
edgeX PENDLEUSDC
Polymarket Perps PENDLE-USD
SunX PENDLE-USDT
GMX PENDLE/USD [PENDLE-USDC]
Kraken Futures PF_PENDLEUSD
Coinbase International PENDLE-PERP-INTX
Backpack PENDLE_USDC_PERP