Funding you earn now, next payment 07:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h −0.036%
Price spread now: Bybit against Lighter−0.074%7-day average −0.058% · you buy dearer than you sell
Net, funding: paid 7d − costs−$74as in the Funding arb table
Net, price: spread back to 7d avg − costs−$60as in the Price arb table
costs, in and out, $10k−$580.583% of the position
Funding, last 7 days−0.161%−$16 on $10k
+Price spread, last 4 days (all we have)−0.051%−$5 · spread now −0.074%, 7d avg −0.058%
=Together, before fees−0.212%+ Points / potential airdropLighter: Season 3 · farm board−$21 on $10k · with fees, hour by hour
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter PENDLE | 2.4488 | 0.0096 | pay 0.0012% / 1h | 34m 17s | $518K | $416K | 5x |
| Short | Bybit PENDLEUSDT | 2.4470 | 0.0100 | get 0.0100% / 8h | 1h 34m | $14.3M | $12.2M | 50x |
Lighter PENDLE
Bybit PENDLEUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit against Lighter. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $0.84
- Price spread: −0.074% → −0.058%
- −$1.54
- Slippage, 4 orders
- −$47.27
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$58.97
- Costs to cover
- 0.583%
- Break-even
- 498.4 days
Slippage from Lighter: live order book, 66 min ago; Bybit: live order book, 4 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 Lighter live order book, 66 min ago | 7.79 bp | 9.6 bp −$10 | 77.5 bp −$775 | doesn't fit | doesn't fit |
| Sell Bybit live order book, 4 min ago | 2.04 bp | 14.4 bp −$14 | 48.0 bp −$480 | 319.6 bp −$32.0K | 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 | −0.4348% | 1h | 2.4250 | −0.972% | $2K | $54K | 5.5x | as long as short |
| Deribit PENDLE_USDC-PERPETUAL | −0.0117% | 1h | 2.4483 | −0.020% | $25K | $16K | 10x | as long as short |
| Orderly PERP_PENDLE_USDC | −0.0028% | 8h | 2.4475 | −0.053% | $19K | $15K | 10x | as long as short |
| dYdX PENDLE-USD | 0.0000% | 1h | 2.4481 | −0.029% | $10K | — | 5x | as long as short |
| Gate PENDLE_USDT | +0.0006% | 8h | 2.4470 | −0.074% | $752K | $1.0M | 75x | as long as short |
| Extended PENDLE-USD | +0.0040% | 1h | 2.4472 | −0.064% | $158K | $494K | 10x | as long as short |
| MEXC PENDLE_USDT | +0.0041% | 8h | 2.4468 | −0.082% | $17.5M | $2.0M | 125x | as long as short |
| Binance PENDLEUSDT | +0.0042% | 8h | 2.4476 | −0.049% | $25.9M | $45.1M | 75x | as long as short |
| BloFin PENDLE-USDT | +0.0045% | 8h | 2.4479 | −0.037% | $1.1M | $497K | 75x | as long as short |
| Reya PENDLERUSDPERP | +0.0078% | 1h | 2.4473 | −0.063% | $3K | — | 15x | as long as short |
Injective PENDLE/USDC PERP
Deribit PENDLE_USDC-PERPETUAL
Orderly PERP_PENDLE_USDC
dYdX PENDLE-USD
Gate PENDLE_USDT
Extended PENDLE-USD
MEXC PENDLE_USDT
Binance PENDLEUSDT
BloFin PENDLE-USDT
Reya PENDLERUSDPERPShow all 30 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aevo PENDLE-PERP | +0.0088% | 1h | 2.4480 | −0.035% | $26K | — | 3x | as long as short |
| Lighter PENDLElong | +0.0096% | 1h | 2.4488 | long leg | $518K | $416K | 5x | |
| Paradex PENDLE-USD-PERP | +0.0100% | 8h | 2.4458 | −0.121% | $34K | $7K | 10x | as long as short |
| Hyperliquid PENDLE | +0.0100% | 1h | 2.4498 | +0.041% | $12.7M | $6.1M | 5x | as long as short |
| Aster PENDLEUSDT | +0.0100% | 8h | 2.4493 | +0.020% | $47K | $169K | 10x | as long as short |
| Bybit PENDLEUSDTshort | +0.0100% | 8h | 2.4470 | −0.074% | $14.3M | $12.2M | 50x | |
| OKX PENDLE-USDT-SWAP | +0.0100% | 4h | 2.4500 | +0.049% | $3.1M | $6.6M | 50x | as long as short |
| KuCoin PENDLEUSDTM | +0.0100% | 8h | 2.4483 | −0.020% | $872K | $558K | 50x | as long as short |
| Bitget PENDLEUSDT | +0.0100% | 8h | 2.4490 | +0.008% | $3.8M | $2.4M | 75x | as long as short |
| BingX PENDLE-USDT | +0.0100% | 8h | 2.4469 | −0.078% | — | $8.4M | — | as long as short |
| Variational Omni PENDLE | +0.0100% | 8h | 2.4476 | −0.050% | $565K | $1.4M | — | as long as short |
| edgeX PENDLEUSDC | +0.0100% | 4h | 2.4493 | +0.018% | $24K | $371K | 10x | as long as short |
| GRVT PENDLE_USDT_Perp | +0.0100% | 8h | 2.4493 | +0.019% | $412K | $2.3M | 10x | as long as short |
| ApeX Omni PENDLEUSDT | +0.0100% | 1h | 2.4501 | +0.053% | $75K | $232K | 50x | as long as short |
| Polymarket Perps PENDLE-USD | +0.0100% | 1h | 2.4499 | +0.045% | $16K | $7K | 5x | as long as short |
| SunX PENDLE-USDT | +0.0100% | 8h | 2.4497 | +0.037% | $2K | $1.8M | 20x | as long as short |
| GMX PENDLE/USD [PENDLE-USDC] | L +0.0196% / S −0.0222% | 1h | 2.4491 | +0.013% | $5K | — | 100x | as long as short |
| Backpack PENDLE_USDC_PERP | +0.0534% | 1h | 2.4537 | +0.200% | $351K | $433K | 15x | as long as short |
| Coinbase International PENDLE-PERP-INTX | +0.0688% | 1h | 2.4530 | +0.172% | $159K | $505K | 25x | as long as short |
| Kraken Futures PF_PENDLEUSD | +0.1662% | 1h | 2.4526 | +0.154% | $115K | $262K | 20x | as long as short |
Aevo PENDLE-PERP
Paradex PENDLE-USD-PERP
Hyperliquid PENDLE
Aster PENDLEUSDT
OKX PENDLE-USDT-SWAP
KuCoin PENDLEUSDTM
Bitget PENDLEUSDT
BingX PENDLE-USDT
Variational Omni PENDLE
edgeX PENDLEUSDC
GRVT PENDLE_USDT_Perp
ApeX Omni PENDLEUSDT
Polymarket Perps PENDLE-USD
SunX PENDLE-USDT
GMX PENDLE/USD [PENDLE-USDC]
Backpack PENDLE_USDC_PERP
Coinbase International PENDLE-PERP-INTX
Kraken Futures PF_PENDLEUSD