Funding you earn now, next payment 04:00 UTC+0.0065%/8h= +7.1% APRpaid last 24h +0.037%
Price spread now: OKX against Bybit−0.088%7-day average +0.020% · you buy dearer than you sell
Net, funding: paid 7d − costs−$53as in the Funding arb table
Net, price: spread back to 7d avg − costs−$81as in the Price arb table
costs, in and out, $10k−$700.697% of the position
Funding, last 7 days+0.164%+$16 on $10k
+Price spread, last 7 days+0.131%+$13 · spread now −0.088%, 7d avg +0.020%
=Funding pays, the price is against you. OKX is 0.108% cheaper against Bybit than usual: you would sell low and buy high (spread −0.088% now, against its 7-day average of +0.020%). If the spread goes back, that is −$11 on $10k: about 5.6 days of funding at the current rate (+$2 a day).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit PENDLEUSDT | 2.5002 | 0.0035 | pay 0.0035% / 8h | 6h 00m | $15.1M | $12.0M | 50x |
| Short | OKX PENDLE-USDT-SWAP | 2.4980 | 0.0100 | get 0.0050% / 4h | 2h 00m | $3.2M | $6.1M | 50x |
Bybit PENDLEUSDT
OKX PENDLE-USDT-SWAPFunding history
latest
Range statsloading…
Price spread between the two exchanges
OKX against Bybit. 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
- $13.55
- Price spread: −0.088% → +0.020%
- −$10.79
- Slippage, 4 orders
- −$48.74
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$66.98
- Costs to cover
- 0.697%
- Break-even
- 41.6 days
Slippage from Bybit: live order book, 3 min ago; OKX: live order book, 3 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 Bybit live order book, 3 min ago | 3.99 bp | 15.6 bp −$16 | 80.8 bp −$808 | 300.6 bp −$30.1K | doesn't fit |
| Sell OKX live order book, 3 min ago | 1.99 bp | 15.9 bp −$16 | 78.1 bp −$781 | doesn't fit | doesn't fit |
PENDLE on 29 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 | −0.4742% | 1h | 2.4870 | −0.528% | $2K | $54K | 5.5x | as long as short |
| Deribit PENDLE_USDC-PERPETUAL | −0.0709% | 1h | 2.5002 | 0.000% | $26K | $14K | 10x | as long as short |
| Extended PENDLE-USD | −0.0136% | 1h | 2.4997 | −0.021% | $163K | $570K | 10x | as long as short |
| Binance PENDLEUSDT | −0.0133% | 8h | 2.5009 | +0.026% | $26.9M | $43.3M | 75x | as long as short |
| MEXC PENDLE_USDT | −0.0132% | 8h | 2.5014 | +0.048% | $17.3M | $1.8M | 125x | as long as short |
| GRVT PENDLE_USDT_Perp | −0.0098% | 8h | 2.5058 | +0.225% | $421K | $1.7M | 10x | as long as short |
| ApeX Omni PENDLEUSDT | −0.0087% | 1h | 2.5064 | +0.248% | $76K | $235K | 50x | as long as short |
| Aster PENDLEUSDT | −0.0049% | 8h | 2.5041 | +0.154% | $50K | $181K | 10x | as long as short |
| Gate PENDLE_USDT | −0.0044% | 8h | 2.5040 | +0.152% | $758K | $1.2M | 75x | as long as short |
| Orderly PERP_PENDLE_USDC | −0.0039% | 8h | 2.5018 | +0.064% | $20K | $15K | 10x | as long as short |
Injective PENDLE/USDC PERP
Deribit PENDLE_USDC-PERPETUAL
Extended PENDLE-USD
Binance PENDLEUSDT
MEXC PENDLE_USDT
GRVT PENDLE_USDT_Perp
ApeX Omni PENDLEUSDT
Aster PENDLEUSDT
Gate PENDLE_USDT
Orderly PERP_PENDLE_USDCShow all 29 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni PENDLE | −0.0037% | 8h | 2.5056 | +0.214% | $612K | $1.8M | — | as long as short |
| dYdX PENDLE-USD | 0.0000% | 1h | 2.5075 | +0.292% | $11K | — | 5x | as long as short |
| Bybit PENDLEUSDTlong | +0.0035% | 8h | 2.5002 | long leg | $15.1M | $12.0M | 50x | |
| Aevo PENDLE-PERP | +0.0048% | 1h | 2.5009 | +0.026% | $26K | — | 3x | as long as short |
| Reya PENDLERUSDPERP | +0.0057% | 1h | 2.5019 | +0.067% | $4K | — | 15x | as long as short |
| Lighter PENDLE | +0.0096% | 1h | 2.5014 | +0.048% | $533K | $416K | 5x | as long as short |
| Paradex PENDLE-USD-PERP | +0.0100% | 8h | 2.5034 | +0.127% | $35K | $16K | 10x | as long as short |
| Hyperliquid PENDLE | +0.0100% | 1h | 2.5080 | +0.312% | $12.9M | $6.3M | 5x | as long as short |
| OKX PENDLE-USDT-SWAPshort | +0.0100% | 4h | 2.4980 | −0.088% | $3.2M | $6.1M | 50x | |
| KuCoin PENDLEUSDTM | +0.0100% | 8h | 2.5037 | +0.140% | $860K | $592K | 50x | as long as short |
| Bitget PENDLEUSDT | +0.0100% | 8h | 2.5002 | 0.000% | $3.8M | $2.4M | 75x | as long as short |
| BingX PENDLE-USDT | +0.0100% | 8h | 2.5013 | +0.044% | — | $33.6M | — | as long as short |
| edgeX PENDLEUSDC | +0.0100% | 4h | 2.5059 | +0.230% | $25K | $380K | 10x | as long as short |
| Polymarket Perps PENDLE-USD | +0.0100% | 1h | 2.5067 | +0.260% | $16K | $20K | 5x | as long as short |
| SunX PENDLE-USDT | +0.0100% | 8h | 2.5037 | +0.140% | $2K | $1.8M | 20x | as long as short |
| GMX PENDLE/USD [PENDLE-USDC] | L +0.0183% / S −0.0301% | 1h | 2.5030 | +0.111% | $7K | — | 100x | as long as short |
| Backpack PENDLE_USDC_PERP | +0.0409% | 1h | 2.5049 | +0.188% | $350K | $434K | 15x | as long as short |
| Coinbase International PENDLE-PERP-INTX | +0.0632% | 1h | 2.5090 | +0.352% | $143K | $473K | 25x | as long as short |
| Kraken Futures PF_PENDLEUSD | +0.0870% | 1h | 2.5063 | +0.244% | $117K | $288K | 20x | as long as short |
Variational Omni PENDLE
dYdX PENDLE-USD
Aevo PENDLE-PERP
Reya PENDLERUSDPERP
Lighter PENDLE
Paradex PENDLE-USD-PERP
Hyperliquid PENDLE
KuCoin PENDLEUSDTM
Bitget PENDLEUSDT
BingX PENDLE-USDT
edgeX PENDLEUSDC
Polymarket Perps PENDLE-USD
SunX PENDLE-USDT
GMX PENDLE/USD [PENDLE-USDC]
Backpack PENDLE_USDC_PERP
Coinbase International PENDLE-PERP-INTX
Kraken Futures PF_PENDLEUSD