Funding arb · Price arb /

PENDLE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.003%

Price spread now: Polymarket Perps against edgeX−0.076%64s7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on edgeX Short on Polymarket Perps

What this pair did over the last

the charts below follow

Funding, last 7 days−0.154%−$15 on $10k

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropedgeX: Active · farm boardneeds both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Polymarket Perps is 0.076% cheaper against edgeX than usual: you would sell low and buy high, −$8 on $10k if it goes back to zero (this spread has no 7-day history yet). The two prices were read 64 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	edgeX PENDLEUSDC	2.4460	0.0100	pay 0.0050% / 4h	39m 47s	$24K	$368K	10x
Short	Polymarket Perps PENDLE-USD	2.4441	0.0100	get 0.0013% / 1h	39m 47s	$16K	$4K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Polymarket Perps against edgeX. 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 edgeXbpFee Polymarket PerpsbpOrdersPrice spread, now −0.076%Rate

Funding earned: $0
Price spread: −0.076% → 0.000%: −$7.62
Slippage, 4 orders: no order book: not counted
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: −$24.62
Costs to cover: 0.170%
Break-even: never at this rate

Slippage unknown: edgeX: live order book, 64 min ago; Polymarket Perps: no order-book sample. Net counts fees only.

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 edgeX live order book, 64 min ago	1.43 bp	6.3 bp −$6	59.5 bp −$595	doesn't fit	doesn't fit
Sell Polymarket Perps no order-book sample	—	—	—	—	—

Polymarket Perps: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	−0.4810%	1h	2.4200	−1.062%	$2K	$54K	5.5x	as long as short
Deribit PENDLE_USDC-PERPETUAL	−0.0691%	1h	2.4431	−0.117%	$25K	$16K	10x	as long as short
Orderly PERP_PENDLE_USDC	−0.0017%	8h	2.4422	−0.154%	$19K	$15K	10x	as long as short
dYdX PENDLE-USD	0.0000%	1h	2.4452	−0.033%	$10K	—	5x	as long as short
BloFin PENDLE-USDT	+0.0014%	8h	2.4426	−0.138%	$1.1M	$478K	75x	as long as short
Extended PENDLE-USD	+0.0016%	1h	2.4378	−0.335%	$157K	$884K	10x	as long as short
Binance PENDLEUSDT	+0.0019%	8h	2.4385	−0.307%	$25.7M	$45.6M	75x	as long as short
MEXC PENDLE_USDT	+0.0021%	8h	2.4388	−0.293%	$17.5M	$2.0M	125x	as long as short
Gate PENDLE_USDT	+0.0058%	8h	2.4380	−0.326%	$764K	$1.0M	75x	as long as short
Reya PENDLERUSDPERP	+0.0083%	1h	2.4422	−0.153%	$3K	—	15x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aevo PENDLE-PERP	+0.0088%	1h	2.4421	−0.158%	$26K	—	3x	as long as short
GRVT PENDLE_USDT_Perp	+0.0094%	8h	2.4468	+0.034%	$415K	$2.4M	10x	as long as short
Lighter PENDLE	+0.0096%	1h	2.4373	−0.354%	$518K	$407K	5x	as long as short
Paradex PENDLE-USD-PERP	+0.0100%	8h	2.4403	−0.230%	$34K	$5K	10x	as long as short
Hyperliquid PENDLE	+0.0100%	1h	2.4415	−0.183%	$12.7M	$6.1M	5x	as long as short
Aster PENDLEUSDT	+0.0100%	8h	2.4415	−0.184%	$48K	$170K	10x	as long as short
Bybit PENDLEUSDT	+0.0100%	8h	2.4380	−0.326%	$14.2M	$12.3M	50x	as long as short
OKX PENDLE-USDT-SWAP	+0.0100%	4h	2.4390	−0.285%	$3.1M	$6.7M	50x	as long as short
KuCoin PENDLEUSDTM	+0.0100%	8h	2.4415	−0.183%	$868K	$548K	50x	as long as short
Bitget PENDLEUSDT	+0.0100%	8h	2.4379	−0.330%	$3.8M	$2.4M	75x	as long as short
BingX PENDLE-USDT	+0.0100%	8h	2.4390	−0.285%	—	$8.2M	—	as long as short
Variational Omni PENDLE	+0.0100%	8h	2.4415	−0.182%	$593K	$1.4M	—	as long as short
edgeX PENDLEUSDClong	+0.0100%	4h	2.4460	long leg	$24K	$368K	10x
ApeX Omni PENDLEUSDT	+0.0100%	1h	2.4476	+0.067%	$74K	$232K	50x	as long as short
Polymarket Perps PENDLE-USDshort	+0.0100%	1h	2.4441	−0.076%	$16K	$4K	5x
SunX PENDLE-USDT	+0.0100%	8h	2.4439	−0.084%	$2K	$1.8M	20x	as long as short
GMX PENDLE/USD [PENDLE-USDC]	L +0.0196% / S −0.0222%	1h	2.4433	−0.107%	$5K	—	100x	as long as short
Coinbase International PENDLE-PERP-INTX	+0.0672%	1h	2.4500	+0.165%	$157K	$506K	25x	as long as short
Backpack PENDLE_USDC_PERP	+0.0810%	1h	2.4462	+0.010%	$350K	$434K	15x	as long as short
Kraken Futures PF_PENDLEUSD	+0.1514%	1h	2.4481	+0.086%	$116K	$261K	20x	as long as short