Funding arb · Price arb /

PENDLE

all PENDLE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8hnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Binance against MEXC+0.010%7-day average +0.006% · you sell dearer than you buy

Net, funding: paid 7d − costs−$34as in the Funding arb table

Net, price: spread back to 7d avg − costs−$34as in the Price arb table

costs, in and out, $10k−$340.342% of the position

Long on MEXC Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days+0.001%$0 on $10k

Price spread, last 7 days−0.028%−$3 · spread now +0.010%, 7d avg +0.006%

Together, before fees−0.027%−$3 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC PENDLE_USDT	2.5423	0.0078	pay 0.0078% / 8h	4h 06m	$17.0M	$2.2M	125x
Short	Binance PENDLEUSDT	2.5425	0.0078	get 0.0078% / 8h	4h 06m	$27.9M	$37.0M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance 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

Position, each leg$Hold fordaysFee MEXCbpFee BinancebpOrdersPrice spread, now +0.010%Rate

Funding earned: $0.08
Price spread: +0.010% → +0.006%: $0.39
Slippage, 4 orders: −$20.15
Fee MEXC: 2 bp × 2 orders: −$4
Fee Binance: 5 bp × 2 orders: −$10
Net: −$33.68
Costs to cover: 0.342%
Break-even: 2885.8 days

Slippage from MEXC: live order book, 2 min ago; Binance: live order book, 10 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 MEXC live order book, 2 min ago	0.59 bp	5.7 bp −$6	32.0 bp −$320	93.2 bp −$9,317	doesn't fit
Sell Binance live order book, 10 min ago	0.79 bp	11.2 bp −$11	28.3 bp −$283	144.3 bp −$14.4K	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	−0.4300%	1h	2.5140	−1.113%	$2K	$7K	5.5x	as long as short
Kraken Futures PF_PENDLEUSD	−0.0624%	1h	2.5477	+0.211%	$158K	$248K	20x	as long as short
Variational Omni PENDLE	−0.0017%	8h	2.5445	+0.086%	$657K	$2.2M	—	as long as short
dYdX PENDLE-USD	0.0000%	1h	2.5465	+0.165%	$11K	—	5x	as long as short
Deribit PENDLE_USDC-PERPETUAL	0.0000%	1h	2.5468	+0.177%	$30K	$11K	10x	as long as short
Aster PENDLEUSDT	+0.0019%	8h	2.5458	+0.138%	$52K	$140K	10x	as long as short
Reya PENDLERUSDPERP	+0.0028%	1h	2.5425	+0.007%	$4K	—	15x	as long as short
Orderly PERP_PENDLE_USDC	+0.0041%	8h	2.5464	+0.161%	$23K	$8K	10x	as long as short
MEXC PENDLE_USDTlong	+0.0078%	8h	2.5423	long leg	$17.0M	$2.2M	125x
Binance PENDLEUSDTshort	+0.0078%	8h	2.5425	+0.010%	$27.9M	$37.0M	75x

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Extended PENDLE-USD	+0.0080%	1h	2.5415	−0.030%	$167K	$519K	10x	as long as short
Lighter PENDLE	+0.0096%	1h	2.5455	+0.126%	$556K	$380K	5x	as long as short
BloFin PENDLE-USDT	+0.0097%	8h	2.5452	+0.114%	$1.4M	$822K	75x	as long as short
Paradex PENDLE-USD-PERP	+0.0100%	8h	2.5418	−0.020%	$36K	$26K	10x	as long as short
Hyperliquid PENDLE	+0.0100%	1h	2.5477	+0.212%	$12.4M	$5.3M	5x	as long as short
Bybit PENDLEUSDT	+0.0100%	8h	2.5411	−0.047%	$15.8M	$12.0M	50x	as long as short
OKX PENDLE-USDT-SWAP	+0.0100%	4h	2.5440	+0.067%	$3.3M	$5.4M	50x	as long as short
Gate PENDLE_USDT	+0.0100%	8h	2.5440	+0.067%	$814K	$1.0M	75x	as long as short
KuCoin PENDLEUSDTM	+0.0100%	8h	2.5459	+0.142%	$927K	$596K	50x	as long as short
Bitget PENDLEUSDT	+0.0100%	8h	2.5449	+0.102%	$3.8M	$2.6M	75x	as long as short
BingX PENDLE-USDT	+0.0100%	8h	2.5422	−0.004%	—	$34.5M	—	as long as short
edgeX PENDLEUSDC	+0.0100%	4h	2.5441	+0.072%	$25K	$414K	10x	as long as short
GRVT PENDLE_USDT_Perp	+0.0100%	8h	2.5456	+0.130%	$430K	$1.4M	10x	as long as short
ApeX Omni PENDLEUSDT	+0.0100%	1h	2.5443	+0.079%	$78K	$239K	50x	as long as short
Polymarket Perps PENDLE-USD	+0.0100%	1h	2.5450	+0.106%	$16K	$30K	5x	as long as short
SunX PENDLE-USDT	+0.0100%	8h	2.5474	+0.201%	$2K	$1.6M	20x	as long as short
Aevo PENDLE-PERP	+0.0104%	1h	2.5511	+0.347%	$27K	—	3x	as long as short
GMX PENDLE/USD [PENDLE-USDC]	L +0.0200% / S −0.0272%	1h	2.5477	+0.212%	$5K	—	100x	as long as short
Coinbase International PENDLE-PERP-INTX	+0.0576%	1h	2.5520	+0.382%	$118K	$438K	25x	as long as short
Backpack PENDLE_USDC_PERP	+0.0976%	1h	2.5514	+0.358%	$377K	$458K	15x	as long as short