PENDLE

Alert: funding

Alert: spread

Funding you earn now, next payment 16:00 UTC−0.0076%/8h= −8.3% APRnext payment −$0.76 per $10,000 · paid last 24h −0.018%

Price spread now: BloFin against Bitget+0.301%75s7-day average +0.041% · you sell dearer than you buy

Net, funding: paid 7d − costs−$53as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$500.497% of the position

Long on Bitget Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.037%−$4 on $10k

Price spread, last 4 days (all we have)−0.197%−$20 · spread now +0.301%, 7d avg +0.041%

Together, before fees−0.234%−$23 on $10k · with fees, hour by hour

The price spread pays, funding is against you. BloFin is 0.260% dearer against Bitget than usual: you sell high and buy low (spread +0.301% now, against its 7-day average of +0.041%): +$26 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 11 days. At the pace of the last 7 days (−0.037% in total) that is about 49 days. The two prices were read 75 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget PENDLEUSDT	2.4254	0.0100	pay 0.0100% / 8h	7h 56m	$3.8M	$2.5M	75x
Short	BloFin PENDLE-USDT	2.4327	0.0024	get 0.0024% / 8h	7h 56m	$1.1M	$504K	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin 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 BloFinbpOrdersPrice spread, now +0.301%Rate

Funding earned: −$15.93
Price spread: +0.301% → +0.041%: $26
Slippage, 4 orders: −$25.69
Fee Bitget: 6 bp × 2 orders: −$12
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$39.62
Costs to cover: 0.497%
Break-even: never at this rate

Slippage from Bitget: live order book, 2 min ago; BloFin: live order book, 1 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, 2 min ago	3.90 bp	12.2 bp −$12	24.2 bp −$242	doesn't fit	doesn't fit
Sell BloFin live order book, 1 min ago	1.64 bp	10.6 bp −$11	22.8 bp −$228	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	−0.3627%	1h	2.4040	−0.882%	$2K	$54K	5.5x	as long as short
Deribit PENDLE_USDC-PERPETUAL	−0.0409%	1h	2.4269	+0.062%	$25K	$16K	10x	as long as short
ApeX Omni PENDLEUSDT	−0.0023%	1h	2.4248	−0.025%	$74K	$232K	50x	as long as short
Orderly PERP_PENDLE_USDC	−0.0012%	8h	2.4267	+0.054%	$18K	$15K	10x	as long as short
dYdX PENDLE-USD	0.0000%	1h	2.4342	+0.361%	$10K	—	5x	as long as short
Extended PENDLE-USD	+0.0008%	1h	2.4249	−0.020%	$156K	$924K	10x	as long as short
MEXC PENDLE_USDT	+0.0009%	8h	2.4255	+0.004%	$18.0M	$2.1M	125x	as long as short
Binance PENDLEUSDT	+0.0011%	8h	2.4226	−0.117%	$25.4M	$46.2M	75x	as long as short
BloFin PENDLE-USDTshort	+0.0024%	8h	2.4327	+0.301%	$1.1M	$504K	75x
Aevo PENDLE-PERP	+0.0080%	1h	2.4271	+0.068%	$25K	—	3x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Reya PENDLERUSDPERP	+0.0086%	1h	2.4276	+0.093%	$3K	—	15x	as long as short
Lighter PENDLE	+0.0096%	1h	2.4270	+0.066%	$522K	$429K	5x	as long as short
Paradex PENDLE-USD-PERP	+0.0100%	8h	2.4291	+0.155%	$34K	$3K	10x	as long as short
Hyperliquid PENDLE	+0.0100%	1h	2.4261	+0.029%	$12.7M	$6.1M	5x	as long as short
Aster PENDLEUSDT	+0.0100%	8h	2.4263	+0.037%	$47K	$171K	10x	as long as short
Bybit PENDLEUSDT	+0.0100%	8h	2.4207	−0.194%	$14.0M	$12.1M	50x	as long as short
OKX PENDLE-USDT-SWAP	+0.0100%	4h	2.4220	−0.140%	$3.1M	$6.7M	50x	as long as short
Gate PENDLE_USDT	+0.0100%	8h	2.4290	+0.148%	$768K	$990K	75x	as long as short
KuCoin PENDLEUSDTM	+0.0100%	8h	2.4315	+0.252%	$688K	$618K	50x	as long as short
Bitget PENDLEUSDTlong	+0.0100%	8h	2.4254	long leg	$3.8M	$2.5M	75x
BingX PENDLE-USDT	+0.0100%	8h	2.4268	+0.058%	—	$8.2M	—	as long as short
Variational Omni PENDLE	+0.0100%	8h	2.4262	+0.032%	$565K	$1.3M	—	as long as short
edgeX PENDLEUSDC	+0.0100%	4h	2.4258	+0.015%	$24K	$367K	10x	as long as short
GRVT PENDLE_USDT_Perp	+0.0100%	8h	2.4267	+0.055%	$400K	$2.6M	10x	as long as short
Polymarket Perps PENDLE-USD	+0.0100%	1h	2.4310	+0.231%	$16K	$4K	5x	as long as short
SunX PENDLE-USDT	+0.0100%	8h	2.4285	+0.128%	$2K	$1.8M	20x	as long as short
GMX PENDLE/USD [PENDLE-USDC]	L +0.0196% / S −0.0222%	1h	2.4276	+0.092%	$5K	—	100x	as long as short
Coinbase International PENDLE-PERP-INTX	+0.0664%	1h	2.4400	+0.602%	$159K	$513K	25x	as long as short
Backpack PENDLE_USDC_PERP	+0.1115%	1h	2.4292	+0.157%	$358K	$434K	15x	as long as short
Kraken Futures PF_PENDLEUSD	+0.1277%	1h	2.4312	+0.239%	$115K	$259K	20x	as long as short