PENDLE

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0010%/8h= +1.1% APRnext payment +$0.10 per $10,000 · paid last 24h −0.048%

Price spread now: Variational Omni against Binance−0.259%7-day average −0.067% · you buy dearer than you sell

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

Long on Binance Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.096%−$10 on $10k

Price spread, last 7 days+0.201%+$20 · spread now −0.259%, 7d avg −0.067%

Together, before fees+0.105%+ Points / potential airdropVariational Omni: Active · farm board+$11 on $10k · with fees, hour by hour

Funding pays, the price is against you. Variational Omni is 0.193% cheaper against Binance than usual: you would sell low and buy high (spread −0.259% now, against its 7-day average of −0.067%). If the spread goes back, that is −$19 on $10k: about 2 months of funding at the current rate ($0 a day). Mind the row above: over the last 3 days funding on this pair cost −0.096%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance PENDLEUSDT	2.5119	0.0043	pay 0.0043% / 8h	1h 55m	$27.3M	$39.6M	75x
Short	Variational Omni PENDLE	2.5054	0.0053	get 0.0053% / 8h	1h 55m	$615K	$2.1M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni 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 Variational OmnibpOrdersPrice spread, now −0.259%Rate

Funding earned: $2.03
Price spread: −0.259% → −0.067%: −$19.25
Slippage, 4 orders: no order book: not counted
Fee Binance: 5 bp × 2 orders: −$10
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$27.22
Costs to cover: 0.100%
Break-even: 100.7 days

Slippage unknown: Binance: live order book, 16 min ago; Variational Omni: RFQ quote, 3 min ago. 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 Binance live order book, 16 min ago	0.20 bp	11.8 bp −$12	32.2 bp −$322	doesn't fit	doesn't fit
Sell Variational Omni RFQ quote, 3 min ago	4.71 bp	doesn't fit	48.4 bp −$484	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	−0.3656%	1h	2.4770	−1.389%	$2K	$53K	5.5x	as long as short
Deribit PENDLE_USDC-PERPETUAL	−0.0068%	1h	2.5113	−0.024%	$30K	$10K	10x	as long as short
dYdX PENDLE-USD	0.0000%	1h	2.5119	−0.001%	$11K	—	5x	as long as short
Orderly PERP_PENDLE_USDC	+0.0032%	8h	2.5108	−0.044%	$20K	$16K	10x	as long as short
Reya PENDLERUSDPERP	+0.0038%	1h	2.5109	−0.039%	$4K	—	15x	as long as short
Extended PENDLE-USD	+0.0040%	1h	2.5115	−0.018%	$165K	$524K	10x	as long as short
MEXC PENDLE_USDT	+0.0043%	8h	2.5122	+0.012%	$16.9M	$2.1M	125x	as long as short
Binance PENDLEUSDTlong	+0.0043%	8h	2.5119	long leg	$27.3M	$39.6M	75x
Variational Omni PENDLEshort	+0.0053%	8h	2.5054	−0.259%	$615K	$2.1M	—
BloFin PENDLE-USDT	+0.0068%	8h	2.5140	+0.084%	$1.3M	$732K	75x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
ApeX Omni PENDLEUSDT	+0.0077%	1h	2.5038	−0.322%	$76K	$240K	50x	as long as short
Aevo PENDLE-PERP	+0.0088%	1h	2.5101	−0.073%	$26K	—	3x	as long as short
Lighter PENDLE	+0.0096%	1h	2.5110	−0.036%	$527K	$421K	5x	as long as short
Paradex PENDLE-USD-PERP	+0.0100%	8h	2.5109	−0.041%	$35K	$20K	10x	as long as short
Aster PENDLEUSDT	+0.0100%	8h	2.5117	−0.007%	$41K	$172K	10x	as long as short
Bybit PENDLEUSDT	+0.0100%	8h	2.5112	−0.028%	$15.6M	$11.9M	50x	as long as short
OKX PENDLE-USDT-SWAP	+0.0100%	4h	2.5140	+0.084%	$3.2M	$5.8M	50x	as long as short
Gate PENDLE_USDT	+0.0100%	8h	2.5130	+0.044%	$858K	$1.1M	75x	as long as short
KuCoin PENDLEUSDTM	+0.0100%	8h	2.5133	+0.056%	$895K	$605K	50x	as long as short
Bitget PENDLEUSDT	+0.0100%	8h	2.5126	+0.028%	$3.7M	$2.7M	75x	as long as short
BingX PENDLE-USDT	+0.0100%	8h	2.5130	+0.044%	—	$36.3M	—	as long as short
edgeX PENDLEUSDC	+0.0100%	4h	2.5048	−0.284%	$25K	$409K	10x	as long as short
GRVT PENDLE_USDT_Perp	+0.0100%	8h	2.5032	−0.347%	$422K	$1.6M	10x	as long as short
Polymarket Perps PENDLE-USD	+0.0100%	1h	2.5127	+0.032%	$16K	$19K	5x	as long as short
SunX PENDLE-USDT	+0.0100%	8h	2.5118	−0.004%	$2K	$1.7M	20x	as long as short
GMX PENDLE/USD [PENDLE-USDC]	L +0.0200% / S −0.0277%	1h	2.5112	−0.027%	$5K	—	100x	as long as short
Hyperliquid PENDLE	+0.0258%	1h	2.5173	+0.215%	$12.4M	$5.7M	5x	as long as short
Coinbase International PENDLE-PERP-INTX	+0.0592%	1h	2.5180	+0.243%	$117K	$417K	25x	as long as short
Kraken Futures PF_PENDLEUSD	+0.0749%	1h	2.5161	+0.167%	$150K	$274K	20x	as long as short
Backpack PENDLE_USDC_PERP	+0.1354%	1h	2.5163	+0.175%	$358K	$460K	15x	as long as short