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

PENDLE

all PENDLE markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%
Price spread now: SunX against BingX−0.044%7-day average +0.045% · 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 7 days+0.037%+$4 on $10k
Price spread, last 3 days (all we have)−0.012%−$1 · spread now −0.044%, 7d avg +0.045%
Together, before fees+0.025%+$3 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: SunX is 0.089% cheaper against BingX than usual: you would sell low and buy high, −$9 on $10k if it goes back to its 7-day average of +0.045%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBingX PENDLE-USDT2.49370.0100pay 0.0100% / 8h1h 28m$36.2M
ShortSunX PENDLE-USDT2.49260.0100get 0.0100% / 8h1h 28m$1K$1.7M20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

SunX against BingX. 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
$0
Price spread: −0.044% → +0.045%
−$8.91
Slippage, 4 orders
no order book: not counted
Fee BingX: 5 bp × 2 orders
−$10
Fee SunX: 4 bp × 2 orders
−$8
Net
−$26.91
Costs to cover
0.180%
Break-even
never at this rate
Slippage unknown: BingX: live order book, 11 min ago; SunX: live order book, 7 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 BingX live order book, 11 min ago2.60 bp11.1 bp −$1121.1 bp −$211218.2 bp −$21.8K442.4 bp −$221.2K
Sell SunX live order book, 7 min ago500.21 bpdoesn't fitdoesn't fitdoesn't fitdoesn't fit

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−0.3656%1h2.4770−0.670%$2K$53K5.5xas long as short
Deribit PENDLE_USDC-PERPETUAL−0.0191%1h2.4928−0.036%$29K$10K10xas long as short
ApeX Omni PENDLEUSDT−0.0109%1h2.4948+0.044%$76K$240K50xas long as short
BloFin PENDLE-USDT−0.0006%8h2.4902−0.140%$1.3M$736K75xas long as short
dYdX PENDLE-USD0.0000%1h2.4974+0.148%$10K5xas long as short
Extended PENDLE-USD+0.0008%1h2.4901−0.144%$164K$526K10xas long as short
MEXC PENDLE_USDT+0.0010%8h2.4904−0.132%$16.8M$2.1M125xas long as short
Binance PENDLEUSDT+0.0011%8h2.4918−0.078%$27.0M$40.5M75xas long as short
Orderly PERP_PENDLE_USDC+0.0022%8h2.4917−0.080%$20K$16K10xas long as short
Reya PENDLERUSDPERP+0.0040%1h2.4949+0.047%$4K15xas long as short
Show all 30 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Variational Omni PENDLE+0.0062%8h2.4902−0.141%$550K$2.0Mas long as short
Aevo PENDLE-PERP+0.0080%1h2.4933−0.015%$26K3xas long as short
GRVT PENDLE_USDT_Perp+0.0087%8h2.4900−0.148%$419K$1.6M10xas long as short
Lighter PENDLE+0.0096%1h2.4917−0.080%$524K$423K5xas long as short
Paradex PENDLE-USD-PERP+0.0100%8h2.4970+0.134%$35K$20K10xas long as short
Hyperliquid PENDLE+0.0100%1h2.4991+0.217%$12.4M$5.9M5xas long as short
Aster PENDLEUSDT+0.0100%8h2.4947+0.041%$43K$173K10xas long as short
Bybit PENDLEUSDT+0.0100%8h2.4891−0.184%$15.3M$11.9M50xas long as short
OKX PENDLE-USDT-SWAP+0.0100%4h2.4900−0.148%$3.2M$5.8M50xas long as short
Gate PENDLE_USDT+0.0100%8h2.4940+0.012%$782K$1.2M75xas long as short
KuCoin PENDLEUSDTM+0.0100%8h2.49370.000%$891K$613K50xas long as short
Bitget PENDLEUSDT+0.0100%8h2.4878−0.237%$3.7M$2.7M75xas long as short
BingX PENDLE-USDTlong+0.0100%8h2.4937long leg$36.2M
edgeX PENDLEUSDC+0.0100%4h2.4935−0.008%$25K$412K10xas long as short
Polymarket Perps PENDLE-USD+0.0100%1h2.4985+0.192%$16K$20K5xas long as short
SunX PENDLE-USDTshort+0.0100%8h2.4926−0.044%$1K$1.7M20x
GMX PENDLE/USD [PENDLE-USDC]L +0.0199% / S −0.0256%1h2.4948+0.042%$5K100xas long as short
Coinbase International PENDLE-PERP-INTX+0.0592%1h2.4970+0.132%$138K$461K25xas long as short
Backpack PENDLE_USDC_PERP+0.0676%1h2.4953+0.064%$354K$474K15xas long as short
Kraken Futures PF_PENDLEUSD+0.0756%1h2.4914−0.091%$124K$300K20xas long as short