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

PENDLE

all PENDLE markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 07:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.013%
Price spread now: ApeX Omni against Bitget+0.106%53s7-day average +0.101% · you sell dearer than you buy
Net, funding: paid 7d − costs−$66as in the Funding arb table
Net, price: spread back to 7d avg − costsprices read too far apart to compare
costs, in and out, $10k−$560.560% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.098%−$10 on $10k
Price spread, last 4 days (all we have)+0.144%+$14 · spread now +0.106%, 7d avg +0.101%
Together, before fees+0.046%+$5 on $10k · with fees, hour by hour
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBitget PENDLEUSDT2.44750.0100pay 0.0100% / 8h1h 34m$3.8M$2.4M75x
ShortApeX Omni PENDLEUSDT2.45010.0100get 0.0013% / 1h34m 39s$75K$232K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

ApeX Omni against Bitget. 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: +0.106% → +0.101%
$0.55
Slippage, 4 orders
−$34
Fee Bitget: 6 bp × 2 orders
−$12
Fee ApeX Omni: 5 bp × 2 orders
−$10
Net
−$55.45
Costs to cover
0.560%
Break-even
never at this rate
Slippage from Bitget: live order book, 3 min ago; ApeX Omni: live order book, 7 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Bitget live order book, 3 min ago3.47 bp16.6 bp −$1734.5 bp −$345doesn't fitdoesn't fit
Sell ApeX Omni live order book, 7 min ago4.49 bp12.0 bp −$1289.9 bp −$899doesn'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−0.4348%1h2.4250−0.919%$2K$54K5.5xas long as short
Deribit PENDLE_USDC-PERPETUAL−0.0566%1h2.4479+0.016%$25K$16K10xas long as short
Orderly PERP_PENDLE_USDC−0.0028%8h2.4476+0.004%$19K$15K10xas long as short
dYdX PENDLE-USD0.0000%1h2.4481+0.024%$10K5xas long as short
Gate PENDLE_USDT+0.0006%8h2.4470−0.020%$752K$1.0M75xas long as short
Extended PENDLE-USD+0.0040%1h2.4454−0.086%$158K$504K10xas long as short
MEXC PENDLE_USDT+0.0041%8h2.4468−0.029%$17.5M$2.0M125xas long as short
Binance PENDLEUSDT+0.0042%8h2.4467−0.031%$25.9M$45.1M75xas long as short
BloFin PENDLE-USDT+0.0045%8h2.4479+0.016%$1.1M$497K75xas long as short
Reya PENDLERUSDPERP+0.0078%1h2.4484+0.036%$3K15xas long as short
Show all 30 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aevo PENDLE-PERP+0.0088%1h2.4476+0.005%$26K3xas long as short
Lighter PENDLE+0.0096%1h2.4477+0.008%$518K$416K5xas long as short
Paradex PENDLE-USD-PERP+0.0100%8h2.4458−0.068%$34K$7K10xas long as short
Hyperliquid PENDLE+0.0100%1h2.4495+0.082%$12.7M$6.1M5xas long as short
Aster PENDLEUSDT+0.0100%8h2.4492+0.070%$47K$169K10xas long as short
Bybit PENDLEUSDT+0.0100%8h2.4460−0.061%$14.3M$12.2M50xas long as short
OKX PENDLE-USDT-SWAP+0.0100%4h2.4480+0.020%$3.1M$6.6M50xas long as short
KuCoin PENDLEUSDTM+0.0100%8h2.4488+0.053%$872K$559K50xas long as short
Bitget PENDLEUSDTlong+0.0100%8h2.4475long leg$3.8M$2.4M75x
BingX PENDLE-USDT+0.0100%8h2.4469−0.025%$8.4Mas long as short
Variational Omni PENDLE+0.0100%8h2.4476+0.003%$565K$1.4Mas long as short
edgeX PENDLEUSDC+0.0100%4h2.4493+0.072%$24K$371K10xas long as short
GRVT PENDLE_USDT_Perp+0.0100%8h2.4493+0.073%$412K$2.3M10xas long as short
ApeX Omni PENDLEUSDTshort+0.0100%1h2.4501+0.106%$75K$232K50x
Polymarket Perps PENDLE-USD+0.0100%1h2.4513+0.155%$16K$7K5xas long as short
SunX PENDLE-USDT+0.0100%8h2.4495+0.082%$2K$1.8M20xas long as short
GMX PENDLE/USD [PENDLE-USDC]L +0.0196% / S −0.0222%1h2.4491+0.066%$5K100xas long as short
Backpack PENDLE_USDC_PERP+0.0534%1h2.4537+0.253%$351K$433K15xas long as short
Coinbase International PENDLE-PERP-INTX+0.0688%1h2.4530+0.225%$159K$506K25xas long as short
Kraken Futures PF_PENDLEUSD+0.1661%1h2.4532+0.232%$115K$262K20xas long as short