Funding arb · Price arb /

PENDLE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.012%

Price spread now: Paradex against ApeX Omni−0.071%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 Paradex

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—+ Points / potential airdropParadex: Active · farm boardneeds both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Paradex is 0.071% cheaper against ApeX Omni than usual: you would sell low and buy high, −$7 on $10k if it goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	ApeX Omni PENDLEUSDT	2.4656	0.0100	pay 0.0013% / 1h	49m 01s	$75K	$235K	50x
Short	Paradex PENDLE-USD-PERP	2.4638	0.0100	get 0.0100% / 8h	4h 49m	$34K	$13K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paradex 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 ParadexbpOrdersPrice spread, now −0.071%Rate

Funding earned: $0
Price spread: −0.071% → 0.000%: −$7.12
Slippage, 4 orders: no order book: not counted
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee Paradex: 2 bp × 2 orders: −$4
Net: −$21.12
Costs to cover: 0.140%
Break-even: never at this rate

Slippage unknown: ApeX Omni: live order book, 7 min ago; Paradex: 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, 7 min ago	6.87 bp	14.5 bp −$14	99.5 bp −$995	doesn't fit	doesn't fit
Sell Paradex no order-book sample	—	—	—	—	—

Paradex: 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	−0.4334%	1h	2.4400	−1.038%	$2K	$54K	5.5x	as long as short
Deribit PENDLE_USDC-PERPETUAL	−0.0115%	1h	2.4642	−0.057%	$25K	$14K	10x	as long as short
BloFin PENDLE-USDT	−0.0075%	8h	2.4640	−0.065%	$1.3M	$626K	75x	as long as short
Extended PENDLE-USD	−0.0072%	1h	2.4639	−0.069%	$161K	$570K	10x	as long as short
Binance PENDLEUSDT	−0.0072%	8h	2.4642	−0.057%	$26.2M	$43.9M	75x	as long as short
MEXC PENDLE_USDT	−0.0070%	8h	2.4643	−0.053%	$17.3M	$1.9M	125x	as long as short
Aster PENDLEUSDT	−0.0046%	8h	2.4652	−0.015%	$47K	$178K	10x	as long as short
Orderly PERP_PENDLE_USDC	−0.0035%	8h	2.4636	−0.081%	$19K	$15K	10x	as long as short
Gate PENDLE_USDT	−0.0020%	8h	2.4660	+0.016%	$716K	$1.1M	75x	as long as short
dYdX PENDLE-USD	0.0000%	1h	2.4646	−0.042%	$10K	—	5x	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	+0.0034%	8h	2.4626	−0.123%	$563K	$1.7M	—	as long as short
Reya PENDLERUSDPERP	+0.0063%	1h	2.4640	−0.063%	$3K	—	15x	as long as short
Aevo PENDLE-PERP	+0.0064%	1h	2.4631	−0.102%	$26K	—	3x	as long as short
GRVT PENDLE_USDT_Perp	+0.0081%	8h	2.4685	+0.117%	$412K	$1.8M	10x	as long as short
Lighter PENDLE	+0.0096%	1h	2.4650	−0.024%	$526K	$414K	5x	as long as short
Paradex PENDLE-USD-PERPshort	+0.0100%	8h	2.4638	−0.071%	$34K	$13K	10x
Bybit PENDLEUSDT	+0.0100%	8h	2.4640	−0.065%	$14.6M	$12.3M	50x	as long as short
OKX PENDLE-USDT-SWAP	+0.0100%	4h	2.4660	+0.016%	$3.1M	$6.2M	50x	as long as short
KuCoin PENDLEUSDTM	+0.0100%	8h	2.4657	+0.004%	$872K	$580K	50x	as long as short
Bitget PENDLEUSDT	+0.0100%	8h	2.4643	−0.053%	$3.7M	$2.4M	75x	as long as short
BingX PENDLE-USDT	+0.0100%	8h	2.4632	−0.097%	—	$8.6M	—	as long as short
edgeX PENDLEUSDC	+0.0100%	4h	2.4687	+0.124%	$24K	$377K	10x	as long as short
ApeX Omni PENDLEUSDTlong	+0.0100%	1h	2.4656	long leg	$75K	$235K	50x
Polymarket Perps PENDLE-USD	+0.0100%	1h	2.4660	+0.016%	$16K	$8K	5x	as long as short
SunX PENDLE-USDT	+0.0100%	8h	2.4645	−0.045%	$2K	$1.8M	20x	as long as short
GMX PENDLE/USD [PENDLE-USDC]	L +0.0196% / S −0.0222%	1h	2.4648	−0.034%	$5K	—	100x	as long as short
Hyperliquid PENDLE	+0.0415%	1h	2.4688	+0.130%	$12.6M	$6.1M	5x	as long as short
Backpack PENDLE_USDC_PERP	+0.0420%	1h	2.4693	+0.150%	$355K	$477K	15x	as long as short
Coinbase International PENDLE-PERP-INTX	+0.0608%	1h	2.4660	+0.016%	$146K	$491K	25x	as long as short
Kraken Futures PF_PENDLEUSD	+0.1178%	1h	2.4689	+0.133%	$115K	$278K	20x	as long as short