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

PENDLE

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 23:00 UTC+0.0075%/8h= +8.2% APRpaid last 24h +0.003%
Price spread now: Aevo against MEXC+0.002%7-day average · 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 5 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: +$2 a day on $10k at the current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongMEXC PENDLE_USDT2.49110.0005pay 0.0005% / 8h1h 19m$16.8M$2.1M125x
ShortAevo PENDLE-PERP2.49120.0080get 0.0010% / 1h19m 01s$26K3x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Aevo against MEXC. 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
$15.75
Price spread: +0.002% → 0.000%
$0.22
Slippage, 4 orders
no order book: not counted
Fee MEXC: 2 bp × 2 orders
−$4
Fee Aevo: 8 bp × 2 orders
−$16
Net
−$4.03
Costs to cover
0.200%
Break-even
8.8 days
Slippage unknown: MEXC: live order book, 5 min ago; 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 MEXC live order book, 5 min ago1.20 bp7.8 bp −$836.6 bp −$366103.9 bp −$10.4Kdoesn't fit
Sell Aevo no order-book sample
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−0.3656%1h2.4770−0.566%$2K$53K5.5xas long as short
Deribit PENDLE_USDC-PERPETUAL−0.0231%1h2.4921+0.040%$29K$10K10xas long as short
ApeX Omni PENDLEUSDT−0.0050%1h2.4960+0.197%$76K$239K50xas long as short
BloFin PENDLE-USDT−0.0009%8h2.49110.000%$1.3M$736K75xas long as short
dYdX PENDLE-USD0.0000%1h2.4968+0.230%$10K5xas long as short
MEXC PENDLE_USDTlong+0.0005%8h2.4911long leg$16.8M$2.1M125x
Binance PENDLEUSDT+0.0006%8h2.4901−0.040%$26.9M$40.8M75xas long as short
Extended PENDLE-USD+0.0008%1h2.4880−0.126%$164K$526K10xas long as short
Orderly PERP_PENDLE_USDC+0.0019%8h2.4913+0.008%$20K$16K10xas long as short
Reya PENDLERUSDPERP+0.0041%1h2.4915+0.015%$4K15xas long as short
Show all 30 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Variational Omni PENDLE+0.0065%8h2.4937+0.104%$551K$2.0Mas long as short
GRVT PENDLE_USDT_Perp+0.0080%8h2.4959+0.193%$415K$1.6M10xas long as short
Aevo PENDLE-PERPshort+0.0080%1h2.4912+0.002%$26K3x
Lighter PENDLE+0.0096%1h2.4923+0.048%$524K$424K5xas long as short
Paradex PENDLE-USD-PERP+0.0100%8h2.4913+0.006%$35K$20K10xas long as short
Hyperliquid PENDLE+0.0100%1h2.4962+0.205%$12.3M$6.0M5xas long as short
Aster PENDLEUSDT+0.0100%8h2.4930+0.078%$44K$176K10xas long as short
Bybit PENDLEUSDT+0.0100%8h2.4890−0.084%$15.3M$11.9M50xas long as short
OKX PENDLE-USDT-SWAP+0.0100%4h2.4940+0.116%$3.2M$5.9M50xas long as short
Gate PENDLE_USDT+0.0100%8h2.4910−0.004%$781K$1.2M75xas long as short
KuCoin PENDLEUSDTM+0.0100%8h2.4935+0.096%$891K$614K50xas long as short
Bitget PENDLEUSDT+0.0100%8h2.4879−0.128%$3.7M$2.7M75xas long as short
BingX PENDLE-USDT+0.0100%8h2.49110.000%$36.2Mas long as short
edgeX PENDLEUSDC+0.0100%4h2.4953+0.170%$25K$397K10xas long as short
Polymarket Perps PENDLE-USD+0.0100%1h2.4943+0.128%$16K$20K5xas long as short
SunX PENDLE-USDT+0.0100%8h2.4934+0.092%$1K$1.7M20xas long as short
GMX PENDLE/USD [PENDLE-USDC]L +0.0199% / S −0.0256%1h2.4931+0.081%$5K100xas long as short
Coinbase International PENDLE-PERP-INTX+0.0592%1h2.5020+0.438%$139K$462K25xas long as short
Backpack PENDLE_USDC_PERP+0.0683%1h2.4962+0.205%$352K$474K15xas long as short
Kraken Futures PF_PENDLEUSD+0.0754%1h2.4976+0.262%$120K$304K20xas long as short