PENDLE

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0161%/8h= +17.6% APRnext payment +$1.61 per $10,000 · paid last 24h +0.008%

Price spread now: KuCoin against Gate−0.049%7-day average +0.028% · you buy dearer than you sell

Net, funding: paid 7d − costs−$116as in the Funding arb table

Net, price: spread back to 7d avg − costs−$128as in the Price arb table

costs, in and out, $10k−$1201.204% of the position

Long on Gate Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.044%+$4 on $10k

Price spread, last 7 days+0.010%+$1 · spread now −0.049%, 7d avg +0.028%

Together, before fees+0.053%+$5 on $10k · with fees, hour by hour

Funding pays, the price is against you. KuCoin is 0.076% cheaper against Gate than usual: you would sell low and buy high (spread −0.049% now, against its 7-day average of +0.028%). If the spread goes back, that is −$8 on $10k: about 38 hours of funding at the current rate (+$5 a day). At the pace of the last 7 days (+0.044% in total) that is about 12 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate PENDLE_USDT	2.4660	−0.0061	get 0.0061% / 8h	4h 24m	$719K	$1.1M	75x
Short	KuCoin PENDLEUSDTM	2.4648	0.0100	get 0.0100% / 8h	4h 24m	$866K	$576K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against Gate. 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 GatebpFee KuCoinbpOrdersPrice spread, now −0.049%Rate

Funding earned: $33.81
Price spread: −0.049% → +0.028%: −$7.63
Slippage, 4 orders: −$93.37
Fee Gate: 7.5 bp × 2 orders: −$15
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$94.19
Costs to cover: 1.204%
Break-even: 26.5 days

Slippage from Gate: live order book, 3 min ago; KuCoin: live order book, 15 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 Gate live order book, 3 min ago	4.05 bp	20.0 bp −$20	135.2 bp −$1,352	doesn't fit	doesn't fit
Sell KuCoin live order book, 15 min ago	9.52 bp	29.0 bp −$29	142.0 bp −$1,420	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	−0.4334%	1h	2.4340	−1.298%	$2K	$54K	5.5x	as long as short
BloFin PENDLE-USDT	−0.0068%	8h	2.4653	−0.028%	$1.1M	$605K	75x	as long as short
Gate PENDLE_USDTlong	−0.0061%	8h	2.4660	long leg	$719K	$1.1M	75x
Extended PENDLE-USD	−0.0056%	1h	2.4637	−0.093%	$159K	$574K	10x	as long as short
Binance PENDLEUSDT	−0.0054%	8h	2.4656	−0.016%	$26.1M	$43.6M	75x	as long as short
MEXC PENDLE_USDT	−0.0051%	8h	2.4655	−0.020%	$17.3M	$2.0M	125x	as long as short
Aster PENDLEUSDT	−0.0039%	8h	2.4663	+0.013%	$47K	$179K	10x	as long as short
Orderly PERP_PENDLE_USDC	−0.0037%	8h	2.4651	−0.036%	$19K	$15K	10x	as long as short
dYdX PENDLE-USD	0.0000%	1h	2.4645	−0.062%	$10K	—	5x	as long as short
Deribit PENDLE_USDC-PERPETUAL	0.0000%	1h	2.4655	−0.020%	$25K	$14K	10x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni PENDLE	+0.0048%	8h	2.4650	−0.039%	$553K	$1.5M	—	as long as short
Reya PENDLERUSDPERP	+0.0065%	1h	2.4651	−0.035%	$3K	—	15x	as long as short
Aevo PENDLE-PERP	+0.0072%	1h	2.4641	−0.077%	$26K	—	3x	as long as short
Lighter PENDLE	+0.0096%	1h	2.4660	0.000%	$517K	$424K	5x	as long as short
GRVT PENDLE_USDT_Perp	+0.0096%	8h	2.4681	+0.084%	$408K	$1.9M	10x	as long as short
Paradex PENDLE-USD-PERP	+0.0100%	8h	2.4626	−0.137%	$34K	$13K	10x	as long as short
Bybit PENDLEUSDT	+0.0100%	8h	2.4650	−0.041%	$14.6M	$11.9M	50x	as long as short
OKX PENDLE-USDT-SWAP	+0.0100%	4h	2.4670	+0.041%	$3.1M	$6.1M	50x	as long as short
KuCoin PENDLEUSDTMshort	+0.0100%	8h	2.4648	−0.049%	$866K	$576K	50x
Bitget PENDLEUSDT	+0.0100%	8h	2.4631	−0.118%	$3.7M	$2.3M	75x	as long as short
BingX PENDLE-USDT	+0.0100%	8h	2.4654	−0.024%	—	$8.6M	—	as long as short
edgeX PENDLEUSDC	+0.0100%	4h	2.4672	+0.050%	$24K	$376K	10x	as long as short
ApeX Omni PENDLEUSDT	+0.0100%	1h	2.4673	+0.053%	$75K	$235K	50x	as long as short
Polymarket Perps PENDLE-USD	+0.0100%	1h	2.4672	+0.049%	$16K	$8K	5x	as long as short
SunX PENDLE-USDT	+0.0100%	8h	2.4651	−0.036%	$2K	$1.8M	20x	as long as short
GMX PENDLE/USD [PENDLE-USDC]	L +0.0196% / S −0.0222%	1h	2.4650	−0.040%	$5K	—	100x	as long as short
Hyperliquid PENDLE	+0.0394%	1h	2.4680	+0.081%	$12.7M	$6.0M	5x	as long as short
Coinbase International PENDLE-PERP-INTX	+0.0608%	1h	2.4820	+0.649%	$148K	$497K	25x	as long as short
Backpack PENDLE_USDC_PERP	+0.0736%	1h	2.4690	+0.122%	$357K	$468K	15x	as long as short
Kraken Futures PF_PENDLEUSD	+0.1177%	1h	2.4701	+0.165%	$115K	$269K	20x	as long as short