PENDLE

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0050%/8h= −5.5% APRnext payment −$0.50 per $10,000 · paid last 24h −0.008%

Price spread now: Gate against Bitget−0.028%7-day average +0.025% · you buy dearer than you sell

Net, funding: paid 7d − costs−$84as in the Funding arb table

Net, price: spread back to 7d avg − costs−$90as in the Price arb table

costs, in and out, $10k−$850.848% of the position

Long on Bitget Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days+0.005%$0 on $10k

Price spread, last 7 days+0.075%+$8 · spread now −0.028%, 7d avg +0.025%

Together, before fees+0.080%+$8 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Gate is 0.053% cheaper against Bitget than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of +0.025%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget PENDLEUSDT	2.5037	0.0100	pay 0.0100% / 8h	5h 16m	$3.8M	$2.4M	75x
Short	Gate PENDLE_USDT	2.5030	0.0050	get 0.0050% / 8h	5h 16m	$725K	$1.1M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now −0.028%Rate

Funding earned: −$10.5
Price spread: −0.028% → +0.025%: −$5.29
Slippage, 4 orders: −$57.81
Fee Bitget: 6 bp × 2 orders: −$12
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$100.6
Costs to cover: 0.848%
Break-even: never at this rate

Slippage from Bitget: live order book, 1 min ago; Gate: 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, 1 min ago	4.78 bp	11.4 bp −$11	28.2 bp −$282	doesn't fit	doesn't fit
Sell Gate live order book, 1 min ago	3.99 bp	25.7 bp −$26	145.7 bp −$1,457	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	−0.4938%	1h	2.4720	−1.266%	$2K	$54K	5.5x	as long as short
Deribit PENDLE_USDC-PERPETUAL	−0.0109%	1h	2.5092	+0.220%	$26K	$14K	10x	as long as short
BloFin PENDLE-USDT	−0.0096%	8h	2.5093	+0.224%	$1.3M	$655K	75x	as long as short
MEXC PENDLE_USDT	−0.0075%	8h	2.5041	+0.016%	$17.5M	$1.9M	125x	as long as short
Binance PENDLEUSDT	−0.0074%	8h	2.5032	−0.020%	$26.8M	$43.6M	75x	as long as short
Extended PENDLE-USD	−0.0072%	1h	2.5073	+0.146%	$163K	$570K	10x	as long as short
Orderly PERP_PENDLE_USDC	−0.0036%	8h	2.5036	−0.004%	$20K	$15K	10x	as long as short
Aster PENDLEUSDT	−0.0021%	8h	2.5094	+0.227%	$48K	$177K	10x	as long as short
dYdX PENDLE-USD	0.0000%	1h	2.5100	+0.253%	$11K	—	5x	as long as short
Variational Omni PENDLE	+0.0011%	8h	2.4945	−0.366%	$561K	$1.8M	—	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate PENDLE_USDTshort	+0.0050%	8h	2.5030	−0.028%	$725K	$1.1M	75x
Reya PENDLERUSDPERP	+0.0061%	1h	2.5028	−0.038%	$4K	—	15x	as long as short
Aevo PENDLE-PERP	+0.0064%	1h	2.5019	−0.072%	$26K	—	3x	as long as short
GRVT PENDLE_USDT_Perp	+0.0081%	8h	2.5069	+0.126%	$418K	$1.8M	10x	as long as short
Lighter PENDLE	+0.0096%	1h	2.5095	+0.232%	$536K	$418K	5x	as long as short
Paradex PENDLE-USD-PERP	+0.0100%	8h	2.5085	+0.190%	$35K	$15K	10x	as long as short
Hyperliquid PENDLE	+0.0100%	1h	2.5065	+0.112%	$12.8M	$6.0M	5x	as long as short
Bybit PENDLEUSDT	+0.0100%	8h	2.5030	−0.028%	$15.0M	$12.2M	50x	as long as short
OKX PENDLE-USDT-SWAP	+0.0100%	4h	2.5040	+0.012%	$3.2M	$6.2M	50x	as long as short
KuCoin PENDLEUSDTM	+0.0100%	8h	2.5043	+0.024%	$855K	$573K	50x	as long as short
Bitget PENDLEUSDTlong	+0.0100%	8h	2.5037	long leg	$3.8M	$2.4M	75x
BingX PENDLE-USDT	+0.0100%	8h	2.5053	+0.064%	—	$33.5M	—	as long as short
edgeX PENDLEUSDC	+0.0100%	4h	2.5019	−0.072%	$25K	$379K	10x	as long as short
ApeX Omni PENDLEUSDT	+0.0100%	1h	2.4958	−0.316%	$76K	$235K	50x	as long as short
Polymarket Perps PENDLE-USD	+0.0100%	1h	2.5046	+0.036%	$16K	$8K	5x	as long as short
SunX PENDLE-USDT	+0.0100%	8h	2.5085	+0.192%	$1K	$1.8M	20x	as long as short
GMX PENDLE/USD [PENDLE-USDC]	L +0.0158% / S −0.0257%	1h	2.5037	0.000%	$7K	—	100x	as long as short
Coinbase International PENDLE-PERP-INTX	+0.0552%	1h	2.5140	+0.411%	$149K	$497K	25x	as long as short
Kraken Futures PF_PENDLEUSD	+0.0746%	1h	2.5139	+0.409%	$117K	$280K	20x	as long as short
Backpack PENDLE_USDC_PERP	+0.0774%	1h	2.5147	+0.439%	$363K	$488K	15x	as long as short