Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.009%
Price spread now: Gate against OKX+0.040%7-day average +0.022% · you sell dearer than you buy
Net, funding: paid 7d − costs−$83as in the Funding arb table
Net, price: spread back to 7d avg − costs−$78as in the Price arb table
costs, in and out, $10k−$800.800% of the position
Funding, last 7 days−0.033%−$3 on $10k
+Price spread, last 4 days (all we have)−0.134%−$13 · spread now +0.040%, 7d avg +0.022%
=| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | OKX PENDLE-USDT-SWAP | 2.5290 | 0.0100 | pay 0.0050% / 4h | 2h 24m | $3.3M | $5.7M | 50x |
| Short | Gate PENDLE_USDT | 2.5300 | 0.0100 | get 0.0100% / 8h | 2h 24m | $850K | $1.1M | 75x |
OKX PENDLE-USDT-SWAP
Gate PENDLE_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Gate against OKX. 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
- Price spread: +0.040% → +0.022%
- $1.8
- Slippage, 4 orders
- −$55.03
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$78.24
- Costs to cover
- 0.800%
- Break-even
- never at this rate
Slippage from OKX: live order book, 4 min ago; Gate: live order book, 3 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 OKX live order book, 4 min ago | 3.96 bp | 19.4 bp −$19 | 184.5 bp −$1,845 | doesn't fit | doesn't fit |
| Sell Gate live order book, 3 min ago | 3.96 bp | 20.0 bp −$20 | 206.5 bp −$2,065 | 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 | −0.4806% | 1h | 2.4990 | −1.186% | $2K | $7K | 5.5x | as long as short |
| Kraken Futures PF_PENDLEUSD | −0.0427% | 1h | 2.5350 | +0.238% | $151K | $279K | 20x | as long as short |
| Deribit PENDLE_USDC-PERPETUAL | −0.0303% | 1h | 2.5290 | 0.000% | $30K | $10K | 10x | as long as short |
| dYdX PENDLE-USD | 0.0000% | 1h | 2.5330 | +0.157% | $11K | — | 5x | as long as short |
| Orderly PERP_PENDLE_USDC | +0.0035% | 8h | 2.5298 | +0.032% | $25K | $11K | 10x | as long as short |
| Reya PENDLERUSDPERP | +0.0036% | 1h | 2.5279 | −0.042% | $4K | — | 15x | as long as short |
| Variational Omni PENDLE | +0.0043% | 8h | 2.5289 | −0.003% | $611K | $2.3M | — | as long as short |
| BloFin PENDLE-USDT | +0.0044% | 8h | 2.5327 | +0.146% | $1.3M | $750K | 75x | as long as short |
| Extended PENDLE-USD | +0.0056% | 1h | 2.5264 | −0.104% | $166K | $524K | 10x | as long as short |
| MEXC PENDLE_USDT | +0.0057% | 8h | 2.5280 | −0.040% | $17.1M | $2.2M | 125x | as long as short |
Injective PENDLE/USDC PERP
Kraken Futures PF_PENDLEUSD
Deribit PENDLE_USDC-PERPETUAL
dYdX PENDLE-USD
Orderly PERP_PENDLE_USDC
Reya PENDLERUSDPERP
Variational Omni PENDLE
BloFin PENDLE-USDT
Extended PENDLE-USD
MEXC PENDLE_USDTShow all 30 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance PENDLEUSDT | +0.0059% | 8h | 2.5279 | −0.042% | $27.5M | $39.3M | 75x | as long as short |
| ApeX Omni PENDLEUSDT | +0.0084% | 1h | 2.5265 | −0.099% | $77K | $240K | 50x | as long as short |
| Lighter PENDLE | +0.0096% | 1h | 2.5289 | −0.004% | $549K | $396K | 5x | as long as short |
| Aevo PENDLE-PERP | +0.0096% | 1h | 2.5283 | −0.028% | $26K | — | 3x | as long as short |
| Paradex PENDLE-USD-PERP | +0.0100% | 8h | 2.5307 | +0.068% | $35K | $22K | 10x | as long as short |
| Hyperliquid PENDLE | +0.0100% | 1h | 2.5308 | +0.071% | $12.4M | $5.6M | 5x | as long as short |
| Aster PENDLEUSDT | +0.0100% | 8h | 2.5302 | +0.046% | $41K | $177K | 10x | as long as short |
| Bybit PENDLEUSDT | +0.0100% | 8h | 2.5276 | −0.055% | $15.6M | $12.2M | 50x | as long as short |
| OKX PENDLE-USDT-SWAPlong | +0.0100% | 4h | 2.5290 | long leg | $3.3M | $5.7M | 50x | |
| Gate PENDLE_USDTshort | +0.0100% | 8h | 2.5300 | +0.040% | $850K | $1.1M | 75x | |
| KuCoin PENDLEUSDTM | +0.0100% | 8h | 2.5314 | +0.095% | $916K | $611K | 50x | as long as short |
| Bitget PENDLEUSDT | +0.0100% | 8h | 2.5315 | +0.099% | $3.8M | $2.6M | 75x | as long as short |
| BingX PENDLE-USDT | +0.0100% | 8h | 2.5302 | +0.047% | — | $36.4M | — | as long as short |
| edgeX PENDLEUSDC | +0.0100% | 4h | 2.5266 | −0.096% | $25K | $410K | 10x | as long as short |
| GRVT PENDLE_USDT_Perp | +0.0100% | 8h | 2.5275 | −0.058% | $426K | $1.6M | 10x | as long as short |
| Polymarket Perps PENDLE-USD | +0.0100% | 1h | 2.5299 | +0.036% | $16K | $19K | 5x | as long as short |
| SunX PENDLE-USDT | +0.0100% | 8h | 2.5300 | +0.040% | $2K | $1.7M | 20x | as long as short |
| GMX PENDLE/USD [PENDLE-USDC] | L +0.0200% / S −0.0277% | 1h | 2.5300 | +0.039% | $5K | — | 100x | as long as short |
| Coinbase International PENDLE-PERP-INTX | +0.0560% | 1h | 2.5360 | +0.277% | $117K | $434K | 25x | as long as short |
| Backpack PENDLE_USDC_PERP | +0.0847% | 1h | 2.5343 | +0.210% | $367K | $465K | 15x | as long as short |
Binance PENDLEUSDT
ApeX Omni PENDLEUSDT
Lighter PENDLE
Aevo PENDLE-PERP
Paradex PENDLE-USD-PERP
Hyperliquid PENDLE
Aster PENDLEUSDT
Bybit PENDLEUSDT
KuCoin PENDLEUSDTM
Bitget PENDLEUSDT
BingX PENDLE-USDT
edgeX PENDLEUSDC
GRVT PENDLE_USDT_Perp
Polymarket Perps PENDLE-USD
SunX PENDLE-USDT
GMX PENDLE/USD [PENDLE-USDC]
Coinbase International PENDLE-PERP-INTX
Backpack PENDLE_USDC_PERP