PENDLE

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0002%/8h= +0.2% APRnext payment +$0.02 per $10,000 · paid last 24h 0.000%

Price spread now: MEXC against Binance+0.015%7-day average −0.007% · 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−$41as in the Price arb table

costs, in and out, $10k−$430.432% of the position

Long on Binance Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days−0.001%$0 on $10k

Price spread, last 7 days−0.051%−$5 · spread now +0.015%, 7d avg −0.007%

Together, before fees−0.051%−$5 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: MEXC is 0.022% dearer against Binance than usual: you sell high and buy low, +$2 on $10k if it goes back to its 7-day average of −0.007%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance PENDLEUSDT	2.5196	−0.0031	get 0.0031% / 8h	30m 30s	$27.2M	$42.0M	75x
Short	MEXC PENDLE_USDT	2.5200	−0.0029	pay 0.0029% / 8h	30m 30s	$17.1M	$1.9M	125x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC against Binance. 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 BinancebpFee MEXCbpOrdersPrice spread, now +0.015%Rate

Funding earned: $0.47
Price spread: +0.015% → −0.007%: $2.17
Slippage, 4 orders: −$29.24
Fee Binance: 5 bp × 2 orders: −$10
Fee MEXC: 2 bp × 2 orders: −$4
Net: −$40.6
Costs to cover: 0.432%
Break-even: 613.9 days

Slippage from Binance: live order book, 11 min ago; MEXC: live order book, 3 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 Binance live order book, 11 min ago	0.40 bp	13.5 bp −$14	28.1 bp −$281	doesn't fit	doesn't fit
Sell MEXC live order book, 3 min ago	0.59 bp	6.0 bp −$6	28.0 bp −$280	91.1 bp −$9,106	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	−0.5000%	1h	2.4940	−1.017%	$2K	$54K	5.5x	as long as short
Deribit PENDLE_USDC-PERPETUAL	−0.0424%	1h	2.5213	+0.067%	$30K	$10K	10x	as long as short
ApeX Omni PENDLEUSDT	−0.0061%	1h	2.5232	+0.142%	$77K	$240K	50x	as long as short
Extended PENDLE-USD	−0.0032%	1h	2.5168	−0.113%	$166K	$528K	10x	as long as short
Binance PENDLEUSDTlong	−0.0031%	8h	2.5196	long leg	$27.2M	$42.0M	75x
MEXC PENDLE_USDTshort	−0.0029%	8h	2.5200	+0.015%	$17.1M	$1.9M	125x
BloFin PENDLE-USDT	−0.0019%	8h	2.5189	−0.028%	$1.3M	$752K	75x	as long as short
Orderly PERP_PENDLE_USDC	−0.0002%	8h	2.5200	+0.015%	$20K	$16K	10x	as long as short
dYdX PENDLE-USD	0.0000%	1h	2.5217	+0.083%	$11K	—	5x	as long as short
Variational Omni PENDLE	+0.0040%	8h	2.5182	−0.056%	$594K	$1.9M	—	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Reya PENDLERUSDPERP	+0.0045%	1h	2.5199	+0.012%	$4K	—	15x	as long as short
GRVT PENDLE_USDT_Perp	+0.0047%	8h	2.5223	+0.105%	$418K	$1.6M	10x	as long as short
Aevo PENDLE-PERP	+0.0072%	1h	2.5191	−0.019%	$26K	—	3x	as long as short
Lighter PENDLE	+0.0096%	1h	2.5197	+0.003%	$530K	$415K	5x	as long as short
Paradex PENDLE-USD-PERP	+0.0100%	8h	2.5179	−0.067%	$35K	$18K	10x	as long as short
Aster PENDLEUSDT	+0.0100%	8h	2.5215	+0.076%	$46K	$177K	10x	as long as short
Bybit PENDLEUSDT	+0.0100%	8h	2.5182	−0.056%	$15.5M	$11.9M	50x	as long as short
OKX PENDLE-USDT-SWAP	+0.0100%	4h	2.5190	−0.025%	$3.2M	$6.1M	50x	as long as short
Gate PENDLE_USDT	+0.0100%	8h	2.5190	−0.025%	$782K	$1.2M	75x	as long as short
KuCoin PENDLEUSDTM	+0.0100%	8h	2.5219	+0.091%	$892K	$600K	50x	as long as short
Bitget PENDLEUSDT	+0.0100%	8h	2.5179	−0.068%	$3.7M	$2.7M	75x	as long as short
BingX PENDLE-USDT	+0.0100%	8h	2.5192	−0.017%	—	$35.7M	—	as long as short
edgeX PENDLEUSDC	+0.0100%	4h	2.5230	+0.132%	$25K	$397K	10x	as long as short
Polymarket Perps PENDLE-USD	+0.0100%	1h	2.5224	+0.110%	$16K	$20K	5x	as long as short
SunX PENDLE-USDT	+0.0100%	8h	2.5197	+0.003%	$2K	$1.8M	20x	as long as short
GMX PENDLE/USD [PENDLE-USDC]	L +0.0199% / S −0.0256%	1h	2.5215	+0.075%	$5K	—	100x	as long as short
Hyperliquid PENDLE	+0.0275%	1h	2.5265	+0.273%	$12.8M	$6.2M	5x	as long as short
Kraken Futures PF_PENDLEUSD	+0.0595%	1h	2.5242	+0.183%	$119K	$299K	20x	as long as short
Coinbase International PENDLE-PERP-INTX	+0.0600%	1h	2.5340	+0.571%	$141K	$458K	25x	as long as short
Backpack PENDLE_USDC_PERP	+0.0793%	1h	2.5242	+0.182%	$333K	$493K	15x	as long as short