PENDLE

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.4906%/8h= −537.2% APRnext payment −$6.13 per $10,000 · paid last 24h −0.342%

Price spread now: Injective against ApeX Omni−0.956%7-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 Injective

What this pair did over the last

the charts below follow

Funding, last 4 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 against this trade now: funding costs −$147 a day on $10k at the current rate, and Injective is 0.956% cheaper against ApeX Omni than usual: you would sell low and buy high (−$96 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

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	52m 10s	$77K	$239K	50x
Short	Injective PENDLE/USDC PERP	2.4860	−0.4806	pay 0.0601% / 1h	52m 10s	$2K	$7K	5.5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective 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 InjectivebpOrdersPrice spread, now −0.956%Rate

Funding earned: −$1,030.3
Price spread: −0.956% → 0.000%: −$95.62
Slippage, 4 orders: no order book: not counted
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: −$1,135.93
Costs to cover: 0.100%
Break-even: never at this rate

Slippage unknown: ApeX Omni: live order book, 34 min ago; Injective: 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, 34 min ago	4.71 bp	11.7 bp −$12	94.7 bp −$947	doesn't fit	doesn't fit
Sell Injective no order-book sample	—	—	—	—	—

Injective: 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 PERPshort	−0.4806%	1h	2.4860	−0.956%	$2K	$7K	5.5x
Kraken Futures PF_PENDLEUSD	−0.0430%	1h	2.5180	+0.321%	$158K	$259K	20x	as long as short
Deribit PENDLE_USDC-PERPETUAL	−0.0107%	1h	2.5181	+0.323%	$30K	$10K	10x	as long as short
dYdX PENDLE-USD	0.0000%	1h	2.5190	+0.358%	$11K	—	5x	as long as short
Variational Omni PENDLE	+0.0010%	8h	2.5125	+0.099%	$607K	$2.3M	—	as long as short
Reya PENDLERUSDPERP	+0.0034%	1h	2.5170	+0.280%	$4K	—	15x	as long as short
Orderly PERP_PENDLE_USDC	+0.0035%	8h	2.5177	+0.307%	$23K	$8K	10x	as long as short
Binance PENDLEUSDT	+0.0037%	8h	2.5169	+0.274%	$27.5M	$38.9M	75x	as long as short
MEXC PENDLE_USDT	+0.0037%	8h	2.5174	+0.295%	$16.9M	$2.2M	125x	as long as short
Extended PENDLE-USD	+0.0040%	1h	2.5162	+0.248%	$165K	$524K	10x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BloFin PENDLE-USDT	+0.0041%	8h	2.5191	+0.363%	$1.3M	$799K	75x	as long as short
Aster PENDLEUSDT	+0.0078%	8h	2.5181	+0.322%	$41K	$177K	10x	as long as short
Aevo PENDLE-PERP	+0.0088%	1h	2.5177	+0.309%	$26K	—	3x	as long as short
Lighter PENDLE	+0.0096%	1h	2.5173	+0.291%	$551K	$376K	5x	as long as short
Paradex PENDLE-USD-PERP	+0.0100%	8h	2.5165	+0.261%	$35K	$22K	10x	as long as short
Hyperliquid PENDLE	+0.0100%	1h	2.5201	+0.402%	$12.4M	$5.5M	5x	as long as short
Bybit PENDLEUSDT	+0.0100%	8h	2.5153	+0.211%	$15.6M	$12.3M	50x	as long as short
OKX PENDLE-USDT-SWAP	+0.0100%	4h	2.5170	+0.279%	$3.2M	$5.6M	50x	as long as short
Gate PENDLE_USDT	+0.0100%	8h	2.5170	+0.279%	$847K	$1.1M	75x	as long as short
KuCoin PENDLEUSDTM	+0.0100%	8h	2.5185	+0.339%	$908K	$607K	50x	as long as short
Bitget PENDLEUSDT	+0.0100%	8h	2.5190	+0.359%	$3.8M	$2.6M	75x	as long as short
BingX PENDLE-USDT	+0.0100%	8h	2.5172	+0.287%	—	$36.4M	—	as long as short
edgeX PENDLEUSDC	+0.0100%	4h	2.5194	+0.375%	$25K	$411K	10x	as long as short
GRVT PENDLE_USDT_Perp	+0.0100%	8h	2.5218	+0.470%	$416K	$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	2.5192	+0.367%	$16K	$19K	5x	as long as short
SunX PENDLE-USDT	+0.0100%	8h	2.5192	+0.367%	$2K	$1.7M	20x	as long as short
GMX PENDLE/USD [PENDLE-USDC]	L +0.0200% / S −0.0277%	1h	2.5183	+0.329%	$5K	—	100x	as long as short
Coinbase International PENDLE-PERP-INTX	+0.0560%	1h	2.5270	+0.677%	$118K	$440K	25x	as long as short
Backpack PENDLE_USDC_PERP	+0.0823%	1h	2.5227	+0.506%	$365K	$466K	15x	as long as short