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 +0.009%
Price spread now: SunX against Gate+0.221%7-day average +0.051% · 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+0.057%+$6 on $10k
Price spread, last 3 days (all we have)−0.275%−$27 · spread now +0.221%, 7d avg +0.051%
Together, before fees−0.218%−$22 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: SunX is 0.170% dearer against Gate than usual: you sell high and buy low, +$17 on $10k if it goes back to its 7-day average of +0.051%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongGate PENDLE_USDT2.48900.0100pay 0.0100% / 8h1h 31m$780K$1.1M75x
ShortSunX PENDLE-USDT2.49450.0100get 0.0100% / 8h1h 31m$2K$1.7M20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

SunX 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

Funding earned
$0
Price spread: +0.221% → +0.051%
$17.02
Slippage, 4 orders
no order book: not counted
Fee Gate: 7.5 bp × 2 orders
−$15
Fee SunX: 4 bp × 2 orders
−$8
Net
−$5.98
Costs to cover
0.230%
Break-even
never at this rate
Slippage unknown: Gate: live order book, 1 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 Gate live order book, 1 min ago4.02 bp21.0 bp −$21201.0 bp −$2,010doesn't fitdoesn't fit
Sell SunX live order book, 4 min ago500.21 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%1h2.4770−0.482%$2K$53K5.5xas long as short
Deribit PENDLE_USDC-PERPETUAL−0.0271%1h2.4924+0.137%$29K$10K10xas long as short
ApeX Omni PENDLEUSDT−0.0109%1h2.4948+0.233%$76K$240K50xas long as short
dYdX PENDLE-USD0.0000%1h2.4929+0.156%$10K5xas long as short
Extended PENDLE-USD+0.0008%1h2.4903+0.054%$164K$526K10xas long as short
Binance PENDLEUSDT+0.0011%8h2.4898+0.033%$27.0M$40.4M75xas long as short
MEXC PENDLE_USDT+0.0014%8h2.4894+0.016%$16.8M$2.1M125xas long as short
BloFin PENDLE-USDT+0.0014%8h2.4895+0.020%$1.3M$733K75xas long as short
Orderly PERP_PENDLE_USDC+0.0023%8h2.4919+0.117%$20K$16K10xas long as short
Reya PENDLERUSDPERP+0.0040%1h2.4917+0.107%$4K15xas long as short
Show all 30 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Variational Omni PENDLE+0.0057%8h2.4947+0.230%$552K$2.0Mas long as short
Aevo PENDLE-PERP+0.0088%1h2.4922+0.130%$26K3xas long as short
GRVT PENDLE_USDT_Perp+0.0092%8h2.4914+0.096%$419K$1.6M10xas long as short
Lighter PENDLE+0.0096%1h2.4909+0.076%$524K$423K5xas long as short
Paradex PENDLE-USD-PERP+0.0100%8h2.4912+0.088%$35K$20K10xas long as short
Hyperliquid PENDLE+0.0100%1h2.4940+0.201%$12.4M$5.9M5xas long as short
Aster PENDLEUSDT+0.0100%8h2.4928+0.152%$43K$173K10xas long as short
Bybit PENDLEUSDT+0.0100%8h2.48900.000%$15.3M$11.9M50xas long as short
OKX PENDLE-USDT-SWAP+0.0100%4h2.4900+0.040%$3.2M$5.8M50xas long as short
Gate PENDLE_USDTlong+0.0100%8h2.4890long leg$780K$1.1M75x
KuCoin PENDLEUSDTM+0.0100%8h2.4935+0.181%$891K$613K50xas long as short
Bitget PENDLEUSDT+0.0100%8h2.4882−0.032%$3.7M$2.7M75xas long as short
BingX PENDLE-USDT+0.0100%8h2.4909+0.076%$36.3Mas long as short
edgeX PENDLEUSDC+0.0100%4h2.4935+0.181%$25K$412K10xas long as short
Polymarket Perps PENDLE-USD+0.0100%1h2.4945+0.221%$16K$19K5xas long as short
SunX PENDLE-USDTshort+0.0100%8h2.4945+0.221%$2K$1.7M20x
GMX PENDLE/USD [PENDLE-USDC]L +0.0199% / S −0.0256%1h2.4934+0.178%$5K100xas long as short
Coinbase International PENDLE-PERP-INTX+0.0592%1h2.5010+0.482%$139K$461K25xas long as short
Backpack PENDLE_USDC_PERP+0.0674%1h2.4958+0.273%$354K$471K15xas long as short
Kraken Futures PF_PENDLEUSD+0.0754%1h2.4975+0.342%$134K$290K20xas long as short