PENDLE

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0171%/8h= −18.8% APRnext payment −$1.71 per $10,000 · paid last 24h −0.003%

Price spread now: Binance against Bitget−0.073%7-day average +0.082% · you buy dearer than you sell

Net, funding: paid 7d − costs−$61as in the Funding arb table

Net, price: spread back to 7d avg − costs−$75as in the Price arb table

costs, in and out, $10k−$590.592% of the position

Long on Bitget Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−0.020%−$2 on $10k

Price spread, last 7 days+0.204%+$20 · spread now −0.073%, 7d avg +0.082%

Together, before fees+0.183%+$18 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$5 a day on $10k at the current rate, and Binance is 0.156% cheaper against Bitget than usual: you would sell low and buy high (−$16 if the spread goes back to its 7-day average of +0.082%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget PENDLEUSDT	2.5129	0.0100	pay 0.0100% / 8h	2m 43s	$3.7M	$2.5M	75x
Short	Binance PENDLEUSDT	2.5111	−0.0071	pay 0.0071% / 8h	2m 43s	$27.1M	$42.3M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance 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

Position, each leg$Hold fordaysFee BitgetbpFee BinancebpOrdersPrice spread, now −0.073%Rate

Funding earned: −$35.97
Price spread: −0.073% → +0.082%: −$15.59
Slippage, 4 orders: −$37.21
Fee Bitget: 6 bp × 2 orders: −$12
Fee Binance: 5 bp × 2 orders: −$10
Net: −$110.77
Costs to cover: 0.592%
Break-even: never at this rate

Slippage from Bitget: live order book, 5 min ago; Binance: live order book, 9 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 Bitget live order book, 5 min ago	4.78 bp	21.0 bp −$21	42.1 bp −$421	doesn't fit	doesn't fit
Sell Binance live order book, 9 min ago	0.60 bp	9.7 bp −$10	22.2 bp −$222	137.1 bp −$13.7K	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	−0.5000%	1h	2.4940	−0.752%	$2K	$54K	5.5x	as long as short
Deribit PENDLE_USDC-PERPETUAL	−0.0266%	1h	2.5170	+0.163%	$28K	$11K	10x	as long as short
ApeX Omni PENDLEUSDT	−0.0087%	1h	2.5118	−0.044%	$77K	$239K	50x	as long as short
BloFin PENDLE-USDT	−0.0076%	8h	2.5132	+0.012%	$1.3M	$708K	75x	as long as short
Extended PENDLE-USD	−0.0072%	1h	2.5109	−0.079%	$165K	$528K	10x	as long as short
MEXC PENDLE_USDT	−0.0072%	8h	2.5114	−0.060%	$17.0M	$1.9M	125x	as long as short
Binance PENDLEUSDTshort	−0.0071%	8h	2.5111	−0.073%	$27.1M	$42.3M	75x
Orderly PERP_PENDLE_USDC	−0.0010%	8h	2.5160	+0.123%	$20K	$16K	10x	as long as short
dYdX PENDLE-USD	0.0000%	1h	2.5143	+0.057%	$11K	—	5x	as long as short
GRVT PENDLE_USDT_Perp	+0.0014%	8h	2.5109	−0.080%	$425K	$1.6M	10x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni PENDLE	+0.0021%	8h	2.5077	−0.208%	$596K	$1.9M	—	as long as short
Reya PENDLERUSDPERP	+0.0047%	1h	2.5151	+0.089%	$4K	—	15x	as long as short
Aevo PENDLE-PERP	+0.0064%	1h	2.5148	+0.074%	$26K	—	3x	as long as short
Lighter PENDLE	+0.0096%	1h	2.5125	−0.016%	$530K	$416K	5x	as long as short
Aster PENDLEUSDT	+0.0099%	8h	2.5124	−0.020%	$47K	$178K	10x	as long as short
Paradex PENDLE-USD-PERP	+0.0100%	8h	2.5144	+0.059%	$35K	$18K	10x	as long as short
Bybit PENDLEUSDT	+0.0100%	8h	2.5102	−0.107%	$15.5M	$12.0M	50x	as long as short
OKX PENDLE-USDT-SWAP	+0.0100%	4h	2.5090	−0.155%	$3.2M	$6.0M	50x	as long as short
Gate PENDLE_USDT	+0.0100%	8h	2.5130	+0.004%	$775K	$1.2M	75x	as long as short
KuCoin PENDLEUSDTM	+0.0100%	8h	2.5135	+0.024%	$883K	$600K	50x	as long as short
Bitget PENDLEUSDTlong	+0.0100%	8h	2.5129	long leg	$3.7M	$2.5M	75x
BingX PENDLE-USDT	+0.0100%	8h	2.5134	+0.020%	—	$35.7M	—	as long as short
edgeX PENDLEUSDC	+0.0100%	4h	2.5130	+0.002%	$25K	$382K	10x	as long as short
Polymarket Perps PENDLE-USD	+0.0100%	1h	2.5185	+0.223%	$16K	$20K	5x	as long as short
SunX PENDLE-USDT	+0.0100%	8h	2.5158	+0.115%	$2K	$1.8M	20x	as long as short
GMX PENDLE/USD [PENDLE-USDC]	L +0.0199% / S −0.0256%	1h	2.5167	+0.151%	$5K	—	100x	as long as short
Hyperliquid PENDLE	+0.0277%	1h	2.5165	+0.143%	$12.8M	$6.2M	5x	as long as short
Kraken Futures PF_PENDLEUSD	+0.0596%	1h	2.5196	+0.269%	$119K	$298K	20x	as long as short
Coinbase International PENDLE-PERP-INTX	+0.0600%	1h	2.5340	+0.840%	$141K	$449K	25x	as long as short
Backpack PENDLE_USDC_PERP	+0.0694%	1h	2.5185	+0.223%	$331K	$489K	15x	as long as short