PENDLE

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0099%/8h= +10.9% APRnext payment +$0.99 per $10,000 · paid last 24h +0.018%

Price spread now: BingX against BloFin+0.274%7-day average −0.018% · 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−$29as in the Price arb table

costs, in and out, $10k−$580.584% of the position

Long on BloFin Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.052%+$5 on $10k

Price spread, last 4 days (all we have)−0.406%−$41 · spread now +0.274%, 7d avg −0.018%

Together, before fees−0.354%−$35 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and BingX is 0.292% dearer against BloFin than usual: you sell high and buy low: +$29 more if the spread goes back to its 7-day average of −0.018%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin PENDLE-USDT	2.4472	0.0001	pay 0.0001% / 8h	2h 52m	$1.1M	$600K	75x
Short	BingX PENDLE-USDT	2.4539	0.0100	get 0.0100% / 8h	2h 52m	—	$8.4M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against BloFin. 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 BloFinbpFee BingXbpOrdersPrice spread, now +0.274%Rate

Funding earned: $20.89
Price spread: +0.274% → −0.018%: $29.22
Slippage, 4 orders: −$36.45
Fee BloFin: 6 bp × 2 orders: −$12
Fee BingX: 5 bp × 2 orders: −$10
Net: −$8.33
Costs to cover: 0.584%
Break-even: 9.8 days

Slippage from BloFin: live order book, 5 min ago; BingX: live order book, 6 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 BloFin live order book, 5 min ago	1.63 bp	12.5 bp −$13	23.4 bp −$234	doesn't fit	doesn't fit
Sell BingX live order book, 6 min ago	3.46 bp	13.7 bp −$14	37.3 bp −$373	187.4 bp −$18.7K	407.6 bp −$203.8K

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	−0.3926%	1h	2.4240	−0.948%	$2K	$54K	5.5x	as long as short
Gate PENDLE_USDT	−0.0051%	8h	2.4490	+0.074%	$720K	$1.1M	75x	as long as short
Orderly PERP_PENDLE_USDC	−0.0036%	8h	2.4472	0.000%	$19K	$15K	10x	as long as short
Extended PENDLE-USD	−0.0024%	1h	2.4521	+0.201%	$158K	$579K	10x	as long as short
MEXC PENDLE_USDT	−0.0022%	8h	2.4535	+0.257%	$17.4M	$2.0M	125x	as long as short
Binance PENDLEUSDT	−0.0021%	8h	2.4538	+0.271%	$25.9M	$44.3M	75x	as long as short
dYdX PENDLE-USD	0.0000%	1h	2.4526	+0.220%	$10K	—	5x	as long as short
Deribit PENDLE_USDC-PERPETUAL	0.0000%	1h	2.4480	+0.033%	$24K	$15K	10x	as long as short
BloFin PENDLE-USDTlong	+0.0001%	8h	2.4472	long leg	$1.1M	$600K	75x
Aevo PENDLE-PERP	+0.0072%	1h	2.4470	−0.008%	$26K	—	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	+0.0072%	1h	2.4474	+0.010%	$3K	—	15x	as long as short
Aster PENDLEUSDT	+0.0073%	8h	2.4536	+0.260%	$46K	$171K	10x	as long as short
GRVT PENDLE_USDT_Perp	+0.0080%	8h	2.4583	+0.454%	$408K	$2.1M	10x	as long as short
Lighter PENDLE	+0.0096%	1h	2.4512	+0.163%	$517K	$415K	5x	as long as short
Variational Omni PENDLE	+0.0097%	8h	2.4531	+0.240%	$551K	$1.4M	—	as long as short
Paradex PENDLE-USD-PERP	+0.0100%	8h	2.4519	+0.193%	$34K	$9K	10x	as long as short
Hyperliquid PENDLE	+0.0100%	1h	2.4536	+0.261%	$12.6M	$6.1M	5x	as long as short
Bybit PENDLEUSDT	+0.0100%	8h	2.4540	+0.278%	$14.4M	$12.0M	50x	as long as short
OKX PENDLE-USDT-SWAP	+0.0100%	4h	2.4550	+0.319%	$3.1M	$6.4M	50x	as long as short
KuCoin PENDLEUSDTM	+0.0100%	8h	2.4511	+0.159%	$862K	$554K	50x	as long as short
Bitget PENDLEUSDT	+0.0100%	8h	2.4510	+0.155%	$3.7M	$2.3M	75x	as long as short
BingX PENDLE-USDTshort	+0.0100%	8h	2.4539	+0.274%	—	$8.4M	—
edgeX PENDLEUSDC	+0.0100%	4h	2.4496	+0.100%	$24K	$374K	10x	as long as short
ApeX Omni PENDLEUSDT	+0.0100%	1h	2.4572	+0.409%	$75K	$233K	50x	as long as short
Polymarket Perps PENDLE-USD	+0.0100%	1h	2.4497	+0.102%	$16K	$7K	5x	as long as short
SunX PENDLE-USDT	+0.0100%	8h	2.4474	+0.008%	$2K	$1.8M	20x	as long as short
GMX PENDLE/USD [PENDLE-USDC]	L +0.0196% / S −0.0222%	1h	2.4476	+0.016%	$5K	—	100x	as long as short
Coinbase International PENDLE-PERP-INTX	+0.0592%	1h	2.4530	+0.237%	$150K	$509K	25x	as long as short
Backpack PENDLE_USDC_PERP	+0.0612%	1h	2.4524	+0.212%	$353K	$402K	15x	as long as short
Kraken Futures PF_PENDLEUSD	+0.1188%	1h	2.4550	+0.318%	$115K	$263K	20x	as long as short