PENDLE

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0061%/8h= +6.7% APRnext payment +$0.08 per $10,000 · paid last 24h −0.024%

Price spread now: dYdX against ApeX Omni−0.120%50s7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on ApeX Omni Short on dYdX

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 days—no price history on both exchanges yet

Together, before fees—needs both histories

Funding pays, the price is against you. dYdX is 0.120% cheaper against ApeX Omni than usual: you would sell low and buy high (spread −0.120% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$12 on $10k: about 6.6 days of funding at the current rate (+$2 a day). The two prices were read 50 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	ApeX Omni PENDLEUSDT	2.5164	−0.0061	get 0.0008% / 1h	6m 11s	$77K	$239K	50x
Short	dYdX PENDLE-USD	2.5134	0	get 0.0000% / 1h	6m 11s	$11K	—	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

dYdX against ApeX Omni. 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 ApeX OmnibpFee dYdXbpOrdersPrice spread, now −0.120%Rate

Funding earned: $12.82
Price spread: −0.120% → 0.000%: −$12.04
Slippage, 4 orders: no order book: not counted
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee dYdX: 5 bp × 2 orders: −$10
Net: −$19.22
Costs to cover: 0.200%
Break-even: 17.5 days

Slippage unknown: ApeX Omni: live order book, 5 min ago; dYdX: 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

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy ApeX Omni live order book, 5 min ago	4.18 bp	11.0 bp −$11	96.4 bp −$964	doesn't fit	doesn't fit
Sell dYdX no order-book sample	—	—	—	—	—

dYdX: 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.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Injective PENDLE/USDC PERP	−0.5000%	1h	2.4940	−0.890%	$2K	$54K	5.5x	as long as short
Deribit PENDLE_USDC-PERPETUAL	−0.0467%	1h	2.5099	−0.258%	$28K	$11K	10x	as long as short
Extended PENDLE-USD	−0.0072%	1h	2.5086	−0.311%	$165K	$528K	10x	as long as short
Binance PENDLEUSDT	−0.0070%	8h	2.5118	−0.183%	$27.2M	$42.3M	75x	as long as short
MEXC PENDLE_USDT	−0.0068%	8h	2.5106	−0.230%	$17.0M	$1.9M	125x	as long as short
ApeX Omni PENDLEUSDTlong	−0.0061%	1h	2.5164	long leg	$77K	$239K	50x
BloFin PENDLE-USDT	−0.0056%	8h	2.5130	−0.135%	$1.3M	$708K	75x	as long as short
Orderly PERP_PENDLE_USDC	−0.0010%	8h	2.5101	−0.250%	$20K	$16K	10x	as long as short
dYdX PENDLE-USDshort	0.0000%	1h	2.5134	−0.120%	$11K	—	5x
GRVT PENDLE_USDT_Perp	+0.0016%	8h	2.5177	+0.052%	$417K	$1.6M	10x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni PENDLE	+0.0021%	8h	2.5077	−0.347%	$596K	$1.9M	—	as long as short
Reya PENDLERUSDPERP	+0.0047%	1h	2.5095	−0.273%	$4K	—	15x	as long as short
Aevo PENDLE-PERP	+0.0064%	1h	2.5093	−0.284%	$26K	—	3x	as long as short
Lighter PENDLE	+0.0096%	1h	2.5104	−0.238%	$529K	$416K	5x	as long as short
Paradex PENDLE-USD-PERP	+0.0100%	8h	2.5111	−0.209%	$35K	$18K	10x	as long as short
Aster PENDLEUSDT	+0.0100%	8h	2.5104	−0.240%	$47K	$178K	10x	as long as short
Bybit PENDLEUSDT	+0.0100%	8h	2.5090	−0.294%	$15.5M	$12.0M	50x	as long as short
OKX PENDLE-USDT-SWAP	+0.0100%	4h	2.5090	−0.294%	$3.2M	$6.0M	50x	as long as short
Gate PENDLE_USDT	+0.0100%	8h	2.5110	−0.215%	$776K	$1.2M	75x	as long as short
KuCoin PENDLEUSDTM	+0.0100%	8h	2.5107	−0.227%	$882K	$600K	50x	as long as short
Bitget PENDLEUSDT	+0.0100%	8h	2.5133	−0.123%	$3.7M	$2.5M	75x	as long as short
BingX PENDLE-USDT	+0.0100%	8h	2.5110	−0.215%	—	$35.7M	—	as long as short
edgeX PENDLEUSDC	+0.0100%	4h	2.5160	−0.015%	$25K	$381K	10x	as long as short
Polymarket Perps PENDLE-USD	+0.0100%	1h	2.5122	−0.167%	$16K	$20K	5x	as long as short
SunX PENDLE-USDT	+0.0100%	8h	2.5100	−0.254%	$2K	$1.8M	20x	as long as short
GMX PENDLE/USD [PENDLE-USDC]	L +0.0199% / S −0.0256%	1h	2.5117	−0.186%	$5K	—	100x	as long as short
Hyperliquid PENDLE	+0.0297%	1h	2.5153	−0.044%	$12.7M	$6.2M	5x	as long as short
Kraken Futures PF_PENDLEUSD	+0.0596%	1h	2.5165	+0.006%	$119K	$298K	20x	as long as short
Coinbase International PENDLE-PERP-INTX	+0.0600%	1h	2.5340	+0.699%	$141K	$450K	25x	as long as short
Backpack PENDLE_USDC_PERP	+0.0674%	1h	2.5154	−0.040%	$330K	$489K	15x	as long as short