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

PENDLE

all PENDLE markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 07:00 UTC−0.0108%/8h= −11.8% APRnext payment $0.13 per $10,000 · paid last 24h −0.027%
Price spread now: Aevo against GMX−0.015%7-day average · you buy dearer than you sell
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 3 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before feesneeds both histories
The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: −$3 a day on $10k at the current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongGMX PENDLE/USD [PENDLE-USDC]2.4511L +0.0196% / S −0.0222%pay 0.0024% / 1h30m 38s$5K100x
ShortAevo PENDLE-PERP2.45080.0088get 0.0011% / 1h30m 38s$26K3x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Aevo against GMX. 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
−$22.67
Price spread: −0.015% → 0.000%
−$1.52
Slippage, 4 orders
no order book: not counted
Fee GMX: 6 bp × 2 orders
−$12
Fee Aevo: 8 bp × 2 orders
−$16
Net
−$52.19
Costs to cover
0.280%
Break-even
never at this rate
Slippage unknown: GMX: no order-book sample; Aevo: 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
LegHalf-spread$10k$100k$1M$5M
Buy GMX no order-book sample
Sell Aevo no order-book sample
GMX and Aevo: 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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Injective PENDLE/USDC PERP−0.4348%1h2.4250−1.067%$2K$54K5.5xas long as short
Deribit PENDLE_USDC-PERPETUAL−0.0117%1h2.4514+0.010%$25K$16K10xas long as short
Orderly PERP_PENDLE_USDC−0.0027%8h2.4509−0.010%$19K$15K10xas long as short
dYdX PENDLE-USD0.0000%1h2.4510−0.006%$10K5xas long as short
Gate PENDLE_USDT+0.0016%8h2.4520+0.035%$755K$1.0M75xas long as short
BloFin PENDLE-USDT+0.0031%8h2.4496−0.063%$1.1M$498K75xas long as short
MEXC PENDLE_USDT+0.0044%8h2.4497−0.059%$17.5M$2.0M125xas long as short
Binance PENDLEUSDT+0.0044%8h2.4497−0.060%$25.9M$45.2M75xas long as short
Extended PENDLE-USD+0.0048%1h2.4494−0.070%$158K$478K10xas long as short
Reya PENDLERUSDPERP+0.0079%1h2.4515+0.016%$3K15xas long as short
Show all 30 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aevo PENDLE-PERPshort+0.0088%1h2.4508−0.015%$26K3x
Lighter PENDLE+0.0096%1h2.4505−0.026%$519K$416K5xas long as short
Paradex PENDLE-USD-PERP+0.0100%8h2.4491−0.083%$34K$7K10xas long as short
Hyperliquid PENDLE+0.0100%1h2.4533+0.088%$12.7M$6.1M5xas long as short
Aster PENDLEUSDT+0.0100%8h2.4503−0.035%$47K$170K10xas long as short
Bybit PENDLEUSDT+0.0100%8h2.4500−0.047%$14.3M$12.2M50xas long as short
OKX PENDLE-USDT-SWAP+0.0100%4h2.4510−0.006%$3.1M$6.6M50xas long as short
KuCoin PENDLEUSDTM+0.0100%8h2.4513+0.006%$874K$558K50xas long as short
Bitget PENDLEUSDT+0.0100%8h2.4510−0.006%$3.8M$2.5M75xas long as short
BingX PENDLE-USDT+0.0100%8h2.4499−0.051%$8.4Mas long as short
Variational Omni PENDLE+0.0100%8h2.4486−0.105%$590K$1.4Mas long as short
edgeX PENDLEUSDC+0.0100%4h2.4487−0.100%$24K$372K10xas long as short
GRVT PENDLE_USDT_Perp+0.0100%8h2.4497−0.061%$412K$2.3M10xas long as short
ApeX Omni PENDLEUSDT+0.0100%1h2.4498−0.055%$75K$233K50xas long as short
Polymarket Perps PENDLE-USD+0.0100%1h2.4536+0.100%$16K$7K5xas long as short
SunX PENDLE-USDT+0.0100%8h2.4532+0.084%$2K$1.8M20xas long as short
GMX PENDLE/USD [PENDLE-USDC]longL +0.0196% / S −0.0222%1h2.4511long leg$5K100x
Backpack PENDLE_USDC_PERP+0.0557%1h2.4560+0.198%$352K$433K15xas long as short
Coinbase International PENDLE-PERP-INTX+0.0688%1h2.4540+0.116%$159K$504K25xas long as short
Kraken Futures PF_PENDLEUSD+0.1659%1h2.4563+0.211%$115K$262K20xas long as short