PENDLE

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0323%/8h= +35.4% APRnext payment +$0.40 per $10,000 · paid last 24h +0.049%

Price spread now: GMX against ApeX Omni+0.468%68s7-day average — · you sell dearer than you buy

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

Long on ApeX Omni Short on GMX

What this pair did over the last

the charts below follow

Funding, last 3 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

Both sides work for this trade now. Funding pays +$10 a day on $10k at the current rate, and GMX is 0.468% dearer against ApeX Omni than usual: you sell high and buy low: +$47 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 68 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	2.4986	−0.0067	get 0.0008% / 1h	58m 07s	$76K	$239K	50x
Short	GMX PENDLE/USD [PENDLE-USDC]	2.5103	L +0.0199% / S −0.0256%	get 0.0032% / 1h	58m 07s	$5K	—	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX 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 GMXbpOrdersPrice spread, now +0.468%Rate

Funding earned: $67.81
Price spread: +0.468% → 0.000%: $46.76
Slippage, 4 orders: no order book: not counted
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee GMX: 6 bp × 2 orders: −$12
Net: $92.57
Costs to cover: 0.220%
Break-even: from the start

Slippage unknown: ApeX Omni: live order book, 18 min ago; GMX: 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, 18 min ago	6.83 bp	14.2 bp −$14	91.2 bp −$912	doesn't fit	doesn't fit
Sell GMX no order-book sample	—	—	—	—	—

GMX: 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	2.5100	+0.456%	$2K	$54K	5.5x	as long as short
Deribit PENDLE_USDC-PERPETUAL	−0.0069%	1h	2.5091	+0.420%	$30K	$10K	10x	as long as short
ApeX Omni PENDLEUSDTlong	−0.0067%	1h	2.4986	long leg	$76K	$239K	50x
Binance PENDLEUSDT	−0.0009%	8h	2.5088	+0.408%	$27.1M	$41.4M	75x	as long as short
MEXC PENDLE_USDT	−0.0009%	8h	2.5088	+0.408%	$16.9M	$1.9M	125x	as long as short
Extended PENDLE-USD	−0.0008%	1h	2.5064	+0.312%	$164K	$526K	10x	as long as short
BloFin PENDLE-USDT	−0.0002%	8h	2.5024	+0.152%	$1.3M	$750K	75x	as long as short
dYdX PENDLE-USD	0.0000%	1h	2.5043	+0.229%	$11K	—	5x	as long as short
Orderly PERP_PENDLE_USDC	+0.0010%	8h	2.5086	+0.400%	$20K	$16K	10x	as long as short
Reya PENDLERUSDPERP	+0.0043%	1h	2.5088	+0.408%	$4K	—	15x	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	+0.0061%	8h	2.4982	−0.017%	$552K	$2.0M	—	as long as short
GRVT PENDLE_USDT_Perp	+0.0065%	8h	2.5031	+0.180%	$416K	$1.6M	10x	as long as short
Aevo PENDLE-PERP	+0.0080%	1h	2.5076	+0.358%	$26K	—	3x	as long as short
Lighter PENDLE	+0.0096%	1h	2.5090	+0.416%	$529K	$414K	5x	as long as short
Paradex PENDLE-USD-PERP	+0.0100%	8h	2.5057	+0.282%	$35K	$20K	10x	as long as short
Hyperliquid PENDLE	+0.0100%	1h	2.5135	+0.596%	$12.4M	$6.0M	5x	as long as short
Aster PENDLEUSDT	+0.0100%	8h	2.5071	+0.340%	$44K	$177K	10x	as long as short
Bybit PENDLEUSDT	+0.0100%	8h	2.5070	+0.336%	$15.4M	$11.9M	50x	as long as short
OKX PENDLE-USDT-SWAP	+0.0100%	4h	2.5090	+0.416%	$3.3M	$6.0M	50x	as long as short
Gate PENDLE_USDT	+0.0100%	8h	2.5080	+0.376%	$783K	$1.2M	75x	as long as short
KuCoin PENDLEUSDTM	+0.0100%	8h	2.5088	+0.408%	$892K	$597K	50x	as long as short
Bitget PENDLEUSDT	+0.0100%	8h	2.5092	+0.424%	$3.7M	$2.7M	75x	as long as short
BingX PENDLE-USDT	+0.0100%	8h	2.5081	+0.380%	—	$35.7M	—	as long as short
edgeX PENDLEUSDC	+0.0100%	4h	2.4965	−0.083%	$25K	$397K	10x	as long as short
Polymarket Perps PENDLE-USD	+0.0100%	1h	2.5108	+0.488%	$16K	$20K	5x	as long as short
SunX PENDLE-USDT	+0.0100%	8h	2.5096	+0.440%	$2K	$1.8M	20x	as long as short
GMX PENDLE/USD [PENDLE-USDC]short	L +0.0199% / S −0.0256%	1h	2.5103	+0.468%	$5K	—	100x
Kraken Futures PF_PENDLEUSD	+0.0597%	1h	2.5139	+0.611%	$119K	$303K	20x	as long as short
Coinbase International PENDLE-PERP-INTX	+0.0600%	1h	2.5080	+0.376%	$139K	$463K	25x	as long as short
Backpack PENDLE_USDC_PERP	+0.1133%	1h	2.5146	+0.640%	$324K	$494K	15x	as long as short