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

PENDLE

all PENDLE markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 03:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.016%
Price spread now: SunX against Hyperliquid−0.101%7-day average −0.086% · 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 7 days−0.019%−$2 on $10k
Price spread, last 4 days (all we have)+0.162%+$16 · spread now −0.101%, 7d avg −0.086%
Together, before fees+0.143%+ Points / potential airdropHyperliquid: Season 2 · farm board+$14 on $10k · with fees, hour by hour
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongHyperliquid PENDLE2.48500.0100pay 0.0013% / 1h40m 15s$12.6M$6.0M5x
ShortSunX PENDLE-USDT2.48250.0100get 0.0100% / 8h5h 40m$2K$1.8M20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

SunX against Hyperliquid. 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: −0.101% → −0.086%
−$1.44
Slippage, 4 orders
no order book: not counted
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Fee SunX: 4 bp × 2 orders
−$8
Net
−$18.44
Costs to cover
0.170%
Break-even
never at this rate
Slippage unknown: Hyperliquid: live order book, 2 min ago; SunX: live order book, 5 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 Hyperliquid live order book, 2 min ago1.81 bp11.3 bp −$11doesn't fitdoesn't fitdoesn't fit
Sell SunX live order book, 5 min ago500.17 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−0.4938%1h2.4490−1.449%$2K$54K5.5xas long as short
BloFin PENDLE-USDT−0.0121%8h2.4784−0.266%$1.3M$644K75xas long as short
Extended PENDLE-USD−0.0120%1h2.4799−0.207%$163K$568K10xas long as short
MEXC PENDLE_USDT−0.0117%8h2.4824−0.105%$17.2M$1.8M125xas long as short
Binance PENDLEUSDT−0.0116%8h2.4815−0.142%$26.7M$43.2M75xas long as short
Aster PENDLEUSDT−0.0056%8h2.4819−0.124%$47K$175K10xas long as short
Orderly PERP_PENDLE_USDC−0.0038%8h2.4821−0.117%$19K$15K10xas long as short
GRVT PENDLE_USDT_Perp−0.0034%8h2.4875+0.101%$417K$1.7M10xas long as short
Variational Omni PENDLE−0.0009%8h2.4780−0.281%$546K$1.8Mas long as short
Gate PENDLE_USDT−0.0006%8h2.4800−0.201%$721K$1.1M75xas long as short
Show all 30 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
dYdX PENDLE-USD0.0000%1h2.4803−0.190%$10K5xas long as short
Deribit PENDLE_USDC-PERPETUAL0.0000%1h2.4820−0.121%$25K$14K10xas long as short
Aevo PENDLE-PERP+0.0048%1h2.4817−0.132%$26K3xas long as short
Reya PENDLERUSDPERP+0.0059%1h2.4813−0.151%$4K15xas long as short
ApeX Omni PENDLEUSDT+0.0073%1h2.4866+0.064%$76K$235K50xas long as short
Lighter PENDLE+0.0096%1h2.4818−0.129%$530K$418K5xas long as short
Paradex PENDLE-USD-PERP+0.0100%8h2.4808−0.168%$35K$15K10xas long as short
Hyperliquid PENDLElong+0.0100%1h2.4850long leg$12.6M$6.0M5x
Bybit PENDLEUSDT+0.0100%8h2.4809−0.165%$14.9M$12.2M50xas long as short
OKX PENDLE-USDT-SWAP+0.0100%4h2.4810−0.161%$3.1M$6.1M50xas long as short
KuCoin PENDLEUSDTM+0.0100%8h2.4812−0.153%$848K$578K50xas long as short
Bitget PENDLEUSDT+0.0100%8h2.4822−0.113%$3.7M$2.4M75xas long as short
BingX PENDLE-USDT+0.0100%8h2.4810−0.161%$33.6Mas long as short
edgeX PENDLEUSDC+0.0100%4h2.4852+0.010%$25K$377K10xas long as short
Polymarket Perps PENDLE-USD+0.0100%1h2.4836−0.056%$16K$8K5xas long as short
SunX PENDLE-USDTshort+0.0100%8h2.4825−0.101%$2K$1.8M20x
GMX PENDLE/USD [PENDLE-USDC]L +0.0192% / S −0.0316%1h2.4817−0.131%$7K100xas long as short
Backpack PENDLE_USDC_PERP+0.0477%1h2.4845−0.020%$351K$483K15xas long as short
Coinbase International PENDLE-PERP-INTX+0.0552%1h2.4840−0.040%$149K$491K25xas long as short
Kraken Futures PF_PENDLEUSD+0.0754%1h2.4863+0.052%$116K$283K20xas long as short