Funding you earn now, next payment 08:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h +0.001%
Price spread now: KuCoin against Lighter−0.033%7-day average −0.021% · you buy dearer than you sell
Net, funding: paid 7d − costs−$66as in the Funding arb table
Net, price: spread back to 7d avg − costs−$70as in the Price arb table
costs, in and out, $10k−$690.685% of the position
Funding, last 7 days+0.027%+$3 on $10k
+Price spread, last 4 days (all we have)−0.087%−$9 · spread now −0.033%, 7d avg −0.021%
=Together, before fees−0.060%+ Points / potential airdropLighter: Season 3 · farm board−$6 on $10k · with fees, hour by hour
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter PENDLE | 2.4290 | 0.0096 | pay 0.0012% / 1h | 13m 35s | $523K | $432K | 5x |
| Short | KuCoin PENDLEUSDTM | 2.4282 | 0.0100 | get 0.0100% / 8h | 13m 35s | $721K | $617K | 50x |
Lighter PENDLE
KuCoin PENDLEUSDTMFunding history
latest
Range statsloading…
Price spread between the two exchanges
KuCoin 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: −0.033% → −0.021%
- −$1.2
- Slippage, 4 orders
- −$56.52
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$68.88
- Costs to cover
- 0.685%
- Break-even
- 581.0 days
Slippage from Lighter: live order book, 16 min ago; KuCoin: live order book, 1 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, 16 min ago | 8.47 bp | 12.7 bp −$13 | 58.0 bp −$580 | doesn't fit | doesn't fit |
| Sell KuCoin live order book, 1 min ago | 7.41 bp | 20.9 bp −$21 | 129.1 bp −$1,291 | doesn't fit | 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 | −0.4810% | 1h | 2.3940 | −1.441% | $2K | $54K | 5.5x | as long as short |
| Deribit PENDLE_USDC-PERPETUAL | −0.0120% | 1h | 2.4302 | +0.049% | $25K | $16K | 10x | as long as short |
| Orderly PERP_PENDLE_USDC | −0.0014% | 8h | 2.4295 | +0.021% | $18K | $15K | 10x | as long as short |
| BloFin PENDLE-USDT | −0.0006% | 8h | 2.4262 | −0.115% | $1.1M | $502K | 75x | as long as short |
| dYdX PENDLE-USD | 0.0000% | 1h | 2.4306 | +0.064% | $10K | — | 5x | as long as short |
| Extended PENDLE-USD | +0.0008% | 1h | 2.4265 | −0.103% | $158K | $927K | 10x | as long as short |
| MEXC PENDLE_USDT | +0.0011% | 8h | 2.4271 | −0.078% | $18.0M | $2.1M | 125x | as long as short |
| Binance PENDLEUSDT | +0.0013% | 8h | 2.4276 | −0.058% | $25.5M | $46.1M | 75x | as long as short |
| Aevo PENDLE-PERP | +0.0080% | 1h | 2.4289 | −0.004% | $25K | — | 3x | as long as short |
| GRVT PENDLE_USDT_Perp | +0.0083% | 8h | 2.4273 | −0.069% | $407K | $2.5M | 10x | as long as short |
Injective PENDLE/USDC PERP
Deribit PENDLE_USDC-PERPETUAL
Orderly PERP_PENDLE_USDC
BloFin PENDLE-USDT
dYdX PENDLE-USD
Extended PENDLE-USD
MEXC PENDLE_USDT
Binance PENDLEUSDT
Aevo PENDLE-PERP
GRVT PENDLE_USDT_PerpShow all 30 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Gate PENDLE_USDT | +0.0084% | 8h | 2.4270 | −0.082% | $760K | $1.1M | 75x | as long as short |
| Reya PENDLERUSDPERP | +0.0085% | 1h | 2.4275 | −0.061% | $3K | — | 15x | as long as short |
| ApeX Omni PENDLEUSDT | +0.0085% | 1h | 2.4281 | −0.037% | $74K | $232K | 50x | as long as short |
| Lighter PENDLElong | +0.0096% | 1h | 2.4290 | long leg | $523K | $432K | 5x | |
| Paradex PENDLE-USD-PERP | +0.0100% | 8h | 2.4270 | −0.081% | $34K | $5K | 10x | as long as short |
| Hyperliquid PENDLE | +0.0100% | 1h | 2.4314 | +0.099% | $12.7M | $6.1M | 5x | as long as short |
| Aster PENDLEUSDT | +0.0100% | 8h | 2.4276 | −0.059% | $47K | $171K | 10x | as long as short |
| Bybit PENDLEUSDT | +0.0100% | 8h | 2.4275 | −0.062% | $14.1M | $12.2M | 50x | as long as short |
| OKX PENDLE-USDT-SWAP | +0.0100% | 4h | 2.4290 | 0.000% | $3.1M | $6.7M | 50x | as long as short |
| KuCoin PENDLEUSDTMshort | +0.0100% | 8h | 2.4282 | −0.033% | $721K | $617K | 50x | |
| Bitget PENDLEUSDT | +0.0100% | 8h | 2.4281 | −0.037% | $3.8M | $2.5M | 75x | as long as short |
| BingX PENDLE-USDT | +0.0100% | 8h | 2.4286 | −0.016% | — | $8.2M | — | as long as short |
| Variational Omni PENDLE | +0.0100% | 8h | 2.4266 | −0.098% | $565K | $1.3M | — | as long as short |
| edgeX PENDLEUSDC | +0.0100% | 4h | 2.4265 | −0.104% | $24K | $371K | 10x | as long as short |
| Polymarket Perps PENDLE-USD | +0.0100% | 1h | 2.4322 | +0.132% | $16K | $4K | 5x | as long as short |
| SunX PENDLE-USDT | +0.0100% | 8h | 2.4314 | +0.099% | $2K | $1.8M | 20x | as long as short |
| GMX PENDLE/USD [PENDLE-USDC] | L +0.0196% / S −0.0222% | 1h | 2.4282 | −0.034% | $5K | — | 100x | as long as short |
| Backpack PENDLE_USDC_PERP | +0.0625% | 1h | 2.4348 | +0.239% | $352K | $435K | 15x | as long as short |
| Coinbase International PENDLE-PERP-INTX | +0.0672% | 1h | 2.4320 | +0.124% | $157K | $509K | 25x | as long as short |
| Kraken Futures PF_PENDLEUSD | +0.1522% | 1h | 2.4354 | +0.263% | $115K | $261K | 20x | as long as short |
Gate PENDLE_USDT
Reya PENDLERUSDPERP
ApeX Omni PENDLEUSDT
Paradex PENDLE-USD-PERP
Hyperliquid PENDLE
Aster PENDLEUSDT
Bybit PENDLEUSDT
OKX PENDLE-USDT-SWAP
Bitget PENDLEUSDT
BingX PENDLE-USDT
Variational Omni PENDLE
edgeX PENDLEUSDC
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