Settings8H · net · $10k
Funding arb · Price arb /

PENDLE

all PENDLE markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.037%
Price spread now: SunX against Bybit+0.080%7-day average +0.064% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 7 days+0.188%+$19 on $10k
Price spread, last 3 days (all we have)−0.124%−$12 · spread now +0.080%, 7d avg +0.064%
Together, before fees+0.065%+$6 on $10k · with fees, hour by hour
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBybit PENDLEUSDT2.49600.0100pay 0.0100% / 8h1h 20m$15.4M$11.9M50x
ShortSunX PENDLE-USDT2.49800.0100get 0.0100% / 8h1h 20m$1K$1.7M20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

SunX against Bybit. 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

Funding earned
$0
Price spread: +0.080% → +0.064%
$1.59
Slippage, 4 orders
no order book: not counted
Fee Bybit: 5.5 bp × 2 orders
−$11
Fee SunX: 4 bp × 2 orders
−$8
Net
−$17.41
Costs to cover
0.190%
Break-even
never at this rate
Slippage unknown: Bybit: live order book, 2 min ago; SunX: live order book, 4 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Bybit live order book, 2 min ago4.01 bp16.6 bp −$1747.5 bp −$475doesn't fitdoesn't fit
Sell SunX live order book, 4 min ago500.24 bpdoesn't fitdoesn't fitdoesn't fitdoesn't fit

PENDLE on 30 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Injective PENDLE/USDC PERP−0.3656%1h2.4770−0.761%$2K$53K5.5xas long as short
Deribit PENDLE_USDC-PERPETUAL−0.0230%1h2.4974+0.056%$29K$10K10xas long as short
ApeX Omni PENDLEUSDT−0.0050%1h2.4903−0.228%$76K$239K50xas long as short
BloFin PENDLE-USDT−0.0008%8h2.4954−0.024%$1.3M$737K75xas long as short
dYdX PENDLE-USD0.0000%1h2.4968+0.034%$10K5xas long as short
MEXC PENDLE_USDT+0.0005%8h2.4965+0.020%$16.9M$2.1M125xas long as short
Binance PENDLEUSDT+0.0005%8h2.4965+0.020%$26.9M$40.8M75xas long as short
Extended PENDLE-USD+0.0008%1h2.4955−0.020%$164K$526K10xas long as short
Orderly PERP_PENDLE_USDC+0.0020%8h2.4963+0.012%$20K$16K10xas long as short
Reya PENDLERUSDPERP+0.0041%1h2.4959−0.005%$4K15xas long as short
Show all 30 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Variational Omni PENDLE+0.0064%8h2.4887−0.293%$550K$2.0Mas long as short
GRVT PENDLE_USDT_Perp+0.0080%8h2.4945−0.061%$414K$1.6M10xas long as short
Aevo PENDLE-PERP+0.0080%1h2.4964+0.018%$26K3xas long as short
Lighter PENDLE+0.0096%1h2.4974+0.056%$525K$424K5xas long as short
Paradex PENDLE-USD-PERP+0.0100%8h2.4944−0.065%$35K$20K10xas long as short
Hyperliquid PENDLE+0.0100%1h2.5011+0.204%$12.4M$6.0M5xas long as short
Aster PENDLEUSDT+0.0100%8h2.4971+0.045%$44K$176K10xas long as short
Bybit PENDLEUSDTlong+0.0100%8h2.4960long leg$15.4M$11.9M50x
OKX PENDLE-USDT-SWAP+0.0100%4h2.4980+0.080%$3.2M$5.9M50xas long as short
Gate PENDLE_USDT+0.0100%8h2.49600.000%$783K$1.2M75xas long as short
KuCoin PENDLEUSDTM+0.0100%8h2.4963+0.012%$892K$614K50xas long as short
Bitget PENDLEUSDT+0.0100%8h2.4948−0.048%$3.7M$2.7M75xas long as short
BingX PENDLE-USDT+0.0100%8h2.4971+0.044%$36.2Mas long as short
edgeX PENDLEUSDC+0.0100%4h2.4884−0.304%$25K$396K10xas long as short
Polymarket Perps PENDLE-USD+0.0100%1h2.4989+0.116%$16K$20K5xas long as short
SunX PENDLE-USDTshort+0.0100%8h2.4980+0.080%$1K$1.7M20x
GMX PENDLE/USD [PENDLE-USDC]L +0.0199% / S −0.0256%1h2.4978+0.071%$5K100xas long as short
Coinbase International PENDLE-PERP-INTX+0.0592%1h2.5010+0.200%$139K$461K25xas long as short
Backpack PENDLE_USDC_PERP+0.0682%1h2.5021+0.244%$353K$474K15xas long as short
Kraken Futures PF_PENDLEUSD+0.0753%1h2.5025+0.262%$120K$304K20xas long as short