PENDLE

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0175%/8h= −19.2% APRnext payment −$1.75 per $10,000 · paid last 24h −0.017%

Price spread now: MEXC against BingX−0.040%7-day average +0.028% · you buy dearer than you sell

Net, funding: paid 7d − costs−$45as in the Funding arb table

Net, price: spread back to 7d avg − costs−$46as in the Price arb table

costs, in and out, $10k−$400.395% of the position

Long on BingX Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days−0.051%−$5 on $10k

Price spread, last 7 days+0.014%+$1 · spread now −0.040%, 7d avg +0.028%

Together, before fees−0.038%−$4 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$5 a day on $10k at the current rate, and MEXC is 0.068% cheaper against BingX than usual: you would sell low and buy high (−$7 if the spread goes back to its 7-day average of +0.028%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX PENDLE-USDT	2.5106	0.0100	pay 0.0100% / 8h	5h 17m	—	$33.5M	—
Short	MEXC PENDLE_USDT	2.5096	−0.0075	pay 0.0075% / 8h	5h 17m	$17.5M	$1.9M	125x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC against BingX. 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 BingXbpFee MEXCbpOrdersPrice spread, now −0.040%Rate

Funding earned: −$36.75
Price spread: −0.040% → +0.028%: −$6.75
Slippage, 4 orders: −$25.54
Fee BingX: 5 bp × 2 orders: −$10
Fee MEXC: 2 bp × 2 orders: −$4
Net: −$83.04
Costs to cover: 0.395%
Break-even: never at this rate

Slippage from BingX: live order book, 11 min ago; MEXC: live order book, 1 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 BingX live order book, 11 min ago	4.04 bp	13.1 bp −$13	25.6 bp −$256	236.2 bp −$23.6K	473.4 bp −$236.7K
Sell MEXC live order book, 1 min ago	1.20 bp	6.1 bp −$6	24.5 bp −$245	84.1 bp −$8,410	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	−0.4938%	1h	2.4520	−2.334%	$2K	$54K	5.5x	as long as short
Deribit PENDLE_USDC-PERPETUAL	−0.0109%	1h	2.5047	−0.235%	$26K	$14K	10x	as long as short
Binance PENDLEUSDT	−0.0075%	8h	2.5090	−0.063%	$26.8M	$43.5M	75x	as long as short
MEXC PENDLE_USDTshort	−0.0075%	8h	2.5096	−0.040%	$17.5M	$1.9M	125x
Extended PENDLE-USD	−0.0072%	1h	2.5091	−0.060%	$163K	$570K	10x	as long as short
BloFin PENDLE-USDT	−0.0054%	8h	2.5058	−0.191%	$1.3M	$653K	75x	as long as short
Orderly PERP_PENDLE_USDC	−0.0035%	8h	2.5057	−0.195%	$20K	$15K	10x	as long as short
Aster PENDLEUSDT	−0.0021%	8h	2.5090	−0.065%	$48K	$177K	10x	as long as short
dYdX PENDLE-USD	0.0000%	1h	2.5100	−0.023%	$11K	—	5x	as long as short
Variational Omni PENDLE	+0.0011%	8h	2.4945	−0.640%	$561K	$1.8M	—	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate PENDLE_USDT	+0.0045%	8h	2.5060	−0.183%	$726K	$1.1M	75x	as long as short
Reya PENDLERUSDPERP	+0.0060%	1h	2.5102	−0.016%	$4K	—	15x	as long as short
Aevo PENDLE-PERP	+0.0064%	1h	2.5039	−0.266%	$26K	—	3x	as long as short
GRVT PENDLE_USDT_Perp	+0.0081%	8h	2.5069	−0.149%	$418K	$1.8M	10x	as long as short
Lighter PENDLE	+0.0096%	1h	2.5100	−0.024%	$536K	$418K	5x	as long as short
Paradex PENDLE-USD-PERP	+0.0100%	8h	2.5082	−0.098%	$35K	$15K	10x	as long as short
Hyperliquid PENDLE	+0.0100%	1h	2.5142	+0.143%	$12.8M	$6.0M	5x	as long as short
Bybit PENDLEUSDT	+0.0100%	8h	2.5100	−0.024%	$15.0M	$12.2M	50x	as long as short
OKX PENDLE-USDT-SWAP	+0.0100%	4h	2.5110	+0.016%	$3.2M	$6.2M	50x	as long as short
KuCoin PENDLEUSDTM	+0.0100%	8h	2.5104	−0.008%	$857K	$573K	50x	as long as short
Bitget PENDLEUSDT	+0.0100%	8h	2.5093	−0.052%	$3.8M	$2.4M	75x	as long as short
BingX PENDLE-USDTlong	+0.0100%	8h	2.5106	long leg	—	$33.5M	—
edgeX PENDLEUSDC	+0.0100%	4h	2.5019	−0.346%	$25K	$379K	10x	as long as short
ApeX Omni PENDLEUSDT	+0.0100%	1h	2.4958	−0.590%	$76K	$235K	50x	as long as short
Polymarket Perps PENDLE-USD	+0.0100%	1h	2.5116	+0.040%	$16K	$8K	5x	as long as short
SunX PENDLE-USDT	+0.0100%	8h	2.5031	−0.299%	$2K	$1.8M	20x	as long as short
GMX PENDLE/USD [PENDLE-USDC]	L +0.0158% / S −0.0257%	1h	2.5060	−0.183%	$7K	—	100x	as long as short
Coinbase International PENDLE-PERP-INTX	+0.0552%	1h	2.5120	+0.056%	$148K	$496K	25x	as long as short
Kraken Futures PF_PENDLEUSD	+0.0747%	1h	2.5079	−0.108%	$117K	$280K	20x	as long as short
Backpack PENDLE_USDC_PERP	+0.0759%	1h	2.5093	−0.052%	$363K	$488K	15x	as long as short