PENDLE

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0068%/8h= −7.4% APRnext payment −$0.09 per $10,000 · paid last 24h +0.007%

Price spread now: Extended against ApeX Omni+0.248%72s7-day average −0.141% · you sell dearer than you buy

Net, funding: paid 7d − costs−$43as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$510.513% of the position

Long on ApeX Omni Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days+0.082%+$8 on $10k

Price spread, last 3 days (all we have)−0.964%−$96 · spread now +0.248%, 7d avg −0.141%

Together, before fees−0.882%+ Points / potential airdropExtended: Active · farm board−$88 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Extended is 0.389% dearer against ApeX Omni than usual: you sell high and buy low (spread +0.248% now, against its 7-day average of −0.141%): +$39 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 19 days. Mind the row above: over the last 7 days funding on this pair paid +0.082%, so the current rate has only just turned against you. The two prices were read 72 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	2.5100	0.0100	pay 0.0013% / 1h	54m 05s	$77K	$239K	50x
Short	Extended PENDLE-USD	2.5162	0.0032	get 0.0004% / 1h	54m 05s	$165K	$524K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended 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 ExtendedbpOrdersPrice spread, now +0.248%Rate

Funding earned: −$14.28
Price spread: +0.248% → −0.141%: $38.88
Slippage, 4 orders: −$36.3
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$26.7
Costs to cover: 0.513%
Break-even: never at this rate

Slippage from ApeX Omni: live order book, 32 min ago; Extended: live order book, 33 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 ApeX Omni live order book, 32 min ago	4.71 bp	11.7 bp −$12	94.7 bp −$947	doesn't fit	doesn't fit
Sell Extended live order book, 33 min ago	1.18 bp	13.6 bp −$14	109.6 bp −$1,096	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	2.4860	−0.956%	$2K	$7K	5.5x	as long as short
Kraken Futures PF_PENDLEUSD	−0.0430%	1h	2.5193	+0.370%	$159K	$259K	20x	as long as short
Deribit PENDLE_USDC-PERPETUAL	−0.0068%	1h	2.5166	+0.263%	$30K	$10K	10x	as long as short
dYdX PENDLE-USD	0.0000%	1h	2.5214	+0.456%	$11K	—	5x	as long as short
Variational Omni PENDLE	+0.0010%	8h	2.5125	+0.099%	$607K	$2.3M	—	as long as short
BloFin PENDLE-USDT	+0.0018%	8h	2.5219	+0.474%	$1.3M	$800K	75x	as long as short
Extended PENDLE-USDshort	+0.0032%	1h	2.5162	+0.248%	$165K	$524K	10x
Reya PENDLERUSDPERP	+0.0033%	1h	2.5143	+0.173%	$4K	—	15x	as long as short
Orderly PERP_PENDLE_USDC	+0.0035%	8h	2.5174	+0.295%	$23K	$8K	10x	as long as short
MEXC PENDLE_USDT	+0.0035%	8h	2.5193	+0.371%	$16.9M	$2.2M	125x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance PENDLEUSDT	+0.0036%	8h	2.5195	+0.379%	$27.5M	$38.9M	75x	as long as short
Aster PENDLEUSDT	+0.0076%	8h	2.5142	+0.166%	$41K	$177K	10x	as long as short
Aevo PENDLE-PERP	+0.0088%	1h	2.5163	+0.251%	$26K	—	3x	as long as short
Lighter PENDLE	+0.0096%	1h	2.5180	+0.319%	$551K	$375K	5x	as long as short
Paradex PENDLE-USD-PERP	+0.0100%	8h	2.5159	+0.236%	$35K	$22K	10x	as long as short
Hyperliquid PENDLE	+0.0100%	1h	2.5225	+0.498%	$12.5M	$5.5M	5x	as long as short
Bybit PENDLEUSDT	+0.0100%	8h	2.5180	+0.319%	$15.6M	$12.3M	50x	as long as short
OKX PENDLE-USDT-SWAP	+0.0100%	4h	2.5190	+0.359%	$3.3M	$5.6M	50x	as long as short
Gate PENDLE_USDT	+0.0100%	8h	2.5170	+0.279%	$850K	$1.1M	75x	as long as short
KuCoin PENDLEUSDTM	+0.0100%	8h	2.5153	+0.211%	$909K	$605K	50x	as long as short
Bitget PENDLEUSDT	+0.0100%	8h	2.5183	+0.331%	$3.8M	$2.6M	75x	as long as short
BingX PENDLE-USDT	+0.0100%	8h	2.5188	+0.351%	—	$36.4M	—	as long as short
edgeX PENDLEUSDC	+0.0100%	4h	2.5141	+0.163%	$25K	$411K	10x	as long as short
GRVT PENDLE_USDT_Perp	+0.0100%	8h	2.5138	+0.151%	$427K	$1.6M	10x	as long as short
ApeX Omni PENDLEUSDTlong	+0.0100%	1h	2.5100	long leg	$77K	$239K	50x
Polymarket Perps PENDLE-USD	+0.0100%	1h	2.5150	+0.199%	$16K	$19K	5x	as long as short
SunX PENDLE-USDT	+0.0100%	8h	2.5199	+0.394%	$2K	$1.7M	20x	as long as short
GMX PENDLE/USD [PENDLE-USDC]	L +0.0200% / S −0.0277%	1h	2.5173	+0.290%	$5K	—	100x	as long as short
Coinbase International PENDLE-PERP-INTX	+0.0560%	1h	2.5240	+0.558%	$118K	$438K	25x	as long as short
Backpack PENDLE_USDC_PERP	+0.0764%	1h	2.5251	+0.602%	$366K	$466K	15x	as long as short