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

PENDLE

all PENDLE markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%
Price spread now: SunX against KuCoin+0.133%7-day average +0.028% · 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 days0.000%$0 on $10k
Price spread, last 4 days (all we have)+0.001%$0 · spread now +0.133%, 7d avg +0.028%
Together, before fees+0.001%$0 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 0.105% dearer against KuCoin than usual: you sell high and buy low, +$11 on $10k if it goes back to its 7-day average of +0.028%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongKuCoin PENDLEUSDTM2.47870.0100pay 0.0100% / 8h5h 28m$847K$574K50x
ShortSunX PENDLE-USDT2.48200.0100get 0.0100% / 8h5h 28m$2K$1.8M20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

SunX against KuCoin. 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: +0.133% → +0.028%
$10.54
Slippage, 4 orders
no order book: not counted
Fee KuCoin: 6 bp × 2 orders
−$12
Fee SunX: 4 bp × 2 orders
−$8
Net
−$9.46
Costs to cover
0.200%
Break-even
never at this rate
Slippage unknown: KuCoin: live order book, 16 min ago; SunX: live order book, 7 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 KuCoin live order book, 16 min ago9.46 bp44.0 bp −$44147.0 bp −$1,470doesn't fitdoesn't fit
Sell SunX live order book, 7 min ago500.80 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%1h2.4490−1.198%$2K$54K5.5xas long as short
BloFin PENDLE-USDT−0.0116%8h2.4823+0.145%$1.3M$647K75xas long as short
Extended PENDLE-USD−0.0096%1h2.4754−0.132%$161K$570K10xas long as short
Binance PENDLEUSDT−0.0095%8h2.4765−0.088%$26.5M$43.4M75xas long as short
MEXC PENDLE_USDT−0.0095%8h2.4768−0.077%$17.2M$1.8M125xas long as short
Aster PENDLEUSDT−0.0041%8h2.4771−0.066%$47K$177K10xas long as short
Orderly PERP_PENDLE_USDC−0.0037%8h2.4818+0.125%$19K$15K10xas long as short
Variational Omni PENDLE−0.0001%8h2.4835+0.193%$547K$1.8Mas long as short
dYdX PENDLE-USD0.0000%1h2.4783−0.017%$10K5xas long as short
Deribit PENDLE_USDC-PERPETUAL0.0000%1h2.4823+0.145%$25K$14K10xas long as short
Show all 30 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Gate PENDLE_USDT+0.0001%8h2.4760−0.109%$721K$1.1M75xas long as short
GRVT PENDLE_USDT_Perp+0.0033%8h2.4852+0.262%$412K$1.7M10xas long as short
Aevo PENDLE-PERP+0.0056%1h2.4820+0.134%$26K3xas long as short
Reya PENDLERUSDPERP+0.0060%1h2.4772−0.062%$3K15xas long as short
Lighter PENDLE+0.0096%1h2.4780−0.028%$529K$418K5xas long as short
Paradex PENDLE-USD-PERP+0.0100%8h2.4758−0.118%$35K$15K10xas long as short
Hyperliquid PENDLE+0.0100%1h2.4799+0.048%$12.6M$6.0M5xas long as short
Bybit PENDLEUSDT+0.0100%8h2.4770−0.069%$14.8M$12.2M50xas long as short
OKX PENDLE-USDT-SWAP+0.0100%4h2.4770−0.069%$3.1M$6.1M50xas long as short
KuCoin PENDLEUSDTMlong+0.0100%8h2.4787long leg$847K$574K50x
Bitget PENDLEUSDT+0.0100%8h2.4764−0.093%$3.7M$2.3M75xas long as short
BingX PENDLE-USDT+0.0100%8h2.4776−0.044%$33.5Mas long as short
edgeX PENDLEUSDC+0.0100%4h2.4865+0.316%$25K$379K10xas long as short
ApeX Omni PENDLEUSDT+0.0100%1h2.4837+0.202%$76K$235K50xas long as short
Polymarket Perps PENDLE-USD+0.0100%1h2.4794+0.028%$16K$8K5xas long as short
SunX PENDLE-USDTshort+0.0100%8h2.4820+0.133%$2K$1.8M20x
GMX PENDLE/USD [PENDLE-USDC]L +0.0158% / S −0.0257%1h2.4828+0.164%$7K100xas long as short
Coinbase International PENDLE-PERP-INTX+0.0552%1h2.4940+0.617%$148K$491K25xas long as short
Backpack PENDLE_USDC_PERP+0.0632%1h2.4855+0.274%$351K$482K15xas long as short
Kraken Futures PF_PENDLEUSD+0.0754%1h2.4864+0.309%$116K$280K20xas long as short