Funding you earn now, next payment 21:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.011%
Price spread now: Hyperliquid against Bitget+0.176%7-day average +0.171% · you sell dearer than you buy
Net, funding: paid 7d − costs−$62as in the Funding arb table
Net, price: spread back to 7d avg − costs−$68as in the Price arb table
costs, in and out, $10k−$680.682% of the position
Funding, last 7 days+0.062%+$6 on $10k
+Price spread, last 7 days−0.090%−$9 · spread now +0.176%, 7d avg +0.171%
=Together, before fees−0.028%+ Points / potential airdropHyperliquid: Season 2 · farm board−$3 on $10k · with fees, hour by hour
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bitget PENDLEUSDT | 2.5575 | 0.0100 | pay 0.0100% / 8h | 3h 28m | $3.9M | $2.6M | 75x |
| Short | Hyperliquid PENDLE | 2.5620 | 0.0100 | get 0.0013% / 1h | 28m 48s | $12.6M | $5.4M | 5x |
Bitget PENDLEUSDT
Hyperliquid PENDLEFunding history
latest
Range statsloading…
Price spread between the two exchanges
Hyperliquid against Bitget. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $0
- Price spread: +0.176% → +0.171%
- $0.52
- Slippage, 4 orders
- −$47.15
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- −$67.63
- Costs to cover
- 0.682%
- Break-even
- never at this rate
Slippage from Bitget: live order book, 5 min ago; Hyperliquid: live order book, 4 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 | 4.30 bp | 10.7 bp −$11 | 30.5 bp −$305 | doesn't fit | doesn't fit |
| Sell Hyperliquid live order book, 4 min ago | 2.34 bp | 17.7 bp −$18 | doesn't fit | 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 | −0.4037% | 1h | 2.5260 | −1.232% | $2K | $7K | 5.5x | as long as short |
| Kraken Futures PF_PENDLEUSD | −0.0285% | 1h | 2.5581 | +0.022% | $161K | $250K | 20x | as long as short |
| Deribit PENDLE_USDC-PERPETUAL | −0.0219% | 1h | 2.5583 | +0.031% | $30K | $11K | 10x | as long as short |
| dYdX PENDLE-USD | 0.0000% | 1h | 2.5600 | +0.096% | $11K | — | 5x | as long as short |
| Variational Omni PENDLE | +0.0004% | 8h | 2.5590 | +0.057% | $663K | $2.3M | — | as long as short |
| Aster PENDLEUSDT | +0.0006% | 8h | 2.5595 | +0.079% | $44K | $179K | 10x | as long as short |
| Reya PENDLERUSDPERP | +0.0031% | 1h | 2.5580 | +0.019% | $4K | — | 15x | as long as short |
| BloFin PENDLE-USDT | +0.0033% | 8h | 2.5569 | −0.023% | $1.3M | $828K | 75x | as long as short |
| Orderly PERP_PENDLE_USDC | +0.0037% | 8h | 2.5581 | +0.023% | $23K | $8K | 10x | as long as short |
| ApeX Omni PENDLEUSDT | +0.0047% | 1h | 2.5519 | −0.219% | $78K | $239K | 50x | as long as short |
Injective PENDLE/USDC PERP
Kraken Futures PF_PENDLEUSD
Deribit PENDLE_USDC-PERPETUAL
dYdX PENDLE-USD
Variational Omni PENDLE
Aster PENDLEUSDT
Reya PENDLERUSDPERP
BloFin PENDLE-USDT
Orderly PERP_PENDLE_USDC
ApeX Omni PENDLEUSDTShow all 30 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC PENDLE_USDT | +0.0054% | 8h | 2.5576 | +0.004% | $17.2M | $2.2M | 125x | as long as short |
| Binance PENDLEUSDT | +0.0055% | 8h | 2.5575 | 0.000% | $27.9M | $37.5M | 75x | as long as short |
| Extended PENDLE-USD | +0.0056% | 1h | 2.5561 | −0.056% | $168K | $524K | 10x | as long as short |
| Lighter PENDLE | +0.0096% | 1h | 2.5573 | −0.008% | $560K | $381K | 5x | as long as short |
| Aevo PENDLE-PERP | +0.0096% | 1h | 2.5601 | +0.100% | $27K | — | 3x | as long as short |
| Paradex PENDLE-USD-PERP | +0.0100% | 8h | 2.5576 | +0.005% | $36K | $24K | 10x | as long as short |
| Hyperliquid PENDLEshort | +0.0100% | 1h | 2.5620 | +0.176% | $12.6M | $5.4M | 5x | |
| Bybit PENDLEUSDT | +0.0100% | 8h | 2.5570 | −0.020% | $15.9M | $12.1M | 50x | as long as short |
| OKX PENDLE-USDT-SWAP | +0.0100% | 4h | 2.5580 | +0.020% | $3.3M | $5.5M | 50x | as long as short |
| Gate PENDLE_USDT | +0.0100% | 8h | 2.5570 | −0.020% | $817K | $1.0M | 75x | as long as short |
| KuCoin PENDLEUSDTM | +0.0100% | 8h | 2.5597 | +0.086% | $931K | $603K | 50x | as long as short |
| Bitget PENDLEUSDTlong | +0.0100% | 8h | 2.5575 | long leg | $3.9M | $2.6M | 75x | |
| BingX PENDLE-USDT | +0.0100% | 8h | 2.5576 | +0.004% | — | $34.9M | — | as long as short |
| edgeX PENDLEUSDC | +0.0100% | 4h | 2.5616 | +0.162% | $25K | $416K | 10x | as long as short |
| GRVT PENDLE_USDT_Perp | +0.0100% | 8h | 2.5585 | +0.040% | $427K | $1.5M | 10x | as long as short |
| Polymarket Perps PENDLE-USD | +0.0100% | 1h | 2.5598 | +0.090% | $16K | $19K | 5x | as long as short |
| SunX PENDLE-USDT | +0.0100% | 8h | 2.5585 | +0.039% | $2K | $1.6M | 20x | as long as short |
| GMX PENDLE/USD [PENDLE-USDC] | L +0.0200% / S −0.0273% | 1h | 2.5587 | +0.049% | $5K | — | 100x | as long as short |
| Coinbase International PENDLE-PERP-INTX | +0.0552% | 1h | 2.5620 | +0.176% | $119K | $441K | 25x | as long as short |
| Backpack PENDLE_USDC_PERP | +0.1162% | 1h | 2.5633 | +0.227% | $379K | $457K | 15x | as long as short |
MEXC PENDLE_USDT
Binance PENDLEUSDT
Extended PENDLE-USD
Lighter PENDLE
Aevo PENDLE-PERP
Paradex PENDLE-USD-PERP
Bybit PENDLEUSDT
OKX PENDLE-USDT-SWAP
Gate PENDLE_USDT
KuCoin PENDLEUSDTM
BingX PENDLE-USDT
edgeX PENDLEUSDC
GRVT PENDLE_USDT_Perp
Polymarket Perps PENDLE-USD
SunX PENDLE-USDT
GMX PENDLE/USD [PENDLE-USDC]
Coinbase International PENDLE-PERP-INTX
Backpack PENDLE_USDC_PERP