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 −0.046%

Price spread now: Variational Omni against BloFin+0.308%7-day average −0.044% · you sell dearer than you buy

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

Long on BloFin Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.091%−$9 on $10k

Price spread, last 3 days (all we have)−0.709%−$71 · spread now +0.308%, 7d avg −0.044%

Together, before fees−0.800%+ Points / potential airdropVariational Omni: Active · farm board−$80 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Variational Omni is 0.352% dearer against BloFin than usual: you sell high and buy low (spread +0.308% now, against its 7-day average of −0.044%): +$35 on $10k if it goes back. Holding the pair costs $0 a day in funding at the current rate, which eats that in about 4 months. At the pace of the last 3 days (−0.091% in total) that is about 12 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin PENDLE-USDT	2.5148	0.0019	pay 0.0019% / 8h	2h 57m	$1.3M	$797K	75x
Short	Variational Omni PENDLE	2.5225	0.0009	get 0.0009% / 8h	2h 57m	$612K	$2.3M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against BloFin. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 BloFinbpFee Variational OmnibpOrdersPrice spread, now +0.308%Rate

Funding earned: −$2.02
Price spread: +0.308% → −0.044%: $35.19
Slippage, 4 orders: no order book: not counted
Fee BloFin: 6 bp × 2 orders: −$12
Fee Variational Omni: 0 bp × 2 orders: $0
Net: $21.17
Costs to cover: 0.120%
Break-even: from the start

Slippage unknown: BloFin: live order book, 5 min ago; Variational Omni: RFQ quote, 2 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 BloFin live order book, 5 min ago	1.78 bp	10.9 bp −$11	23.1 bp −$231	doesn't fit	doesn't fit
Sell Variational Omni RFQ quote, 2 min ago	4.70 bp	doesn't fit	60.1 bp −$601	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	−0.4806%	1h	2.4970	−0.708%	$2K	$7K	5.5x	as long as short
Kraken Futures PF_PENDLEUSD	−0.0431%	1h	2.5144	−0.017%	$157K	$257K	20x	as long as short
Deribit PENDLE_USDC-PERPETUAL	−0.0108%	1h	2.5133	−0.060%	$30K	$11K	10x	as long as short
dYdX PENDLE-USD	0.0000%	1h	2.5210	+0.247%	$11K	—	5x	as long as short
Variational Omni PENDLEshort	+0.0009%	8h	2.5225	+0.308%	$612K	$2.3M	—
BloFin PENDLE-USDTlong	+0.0019%	8h	2.5148	long leg	$1.3M	$797K	75x
Reya PENDLERUSDPERP	+0.0033%	1h	2.5109	−0.156%	$4K	—	15x	as long as short
Orderly PERP_PENDLE_USDC	+0.0035%	8h	2.5130	−0.072%	$23K	$8K	10x	as long as short
MEXC PENDLE_USDT	+0.0037%	8h	2.5156	+0.032%	$16.9M	$2.2M	125x	as long as short
Binance PENDLEUSDT	+0.0038%	8h	2.5145	−0.012%	$27.5M	$38.7M	75x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Extended PENDLE-USD	+0.0040%	1h	2.5118	−0.117%	$165K	$524K	10x	as long as short
Aster PENDLEUSDT	+0.0067%	8h	2.5144	−0.016%	$41K	$176K	10x	as long as short
ApeX Omni PENDLEUSDT	+0.0073%	1h	2.5241	+0.370%	$77K	$239K	50x	as long as short
Aevo PENDLE-PERP	+0.0088%	1h	2.5124	−0.094%	$26K	—	3x	as long as short
Lighter PENDLE	+0.0096%	1h	2.5156	+0.032%	$550K	$375K	5x	as long as short
Paradex PENDLE-USD-PERP	+0.0100%	8h	2.5156	+0.032%	$35K	$22K	10x	as long as short
Hyperliquid PENDLE	+0.0100%	1h	2.5160	+0.048%	$12.4M	$5.5M	5x	as long as short
Bybit PENDLEUSDT	+0.0100%	8h	2.5130	−0.072%	$15.6M	$12.3M	50x	as long as short
OKX PENDLE-USDT-SWAP	+0.0100%	4h	2.5150	+0.008%	$3.3M	$5.6M	50x	as long as short
Gate PENDLE_USDT	+0.0100%	8h	2.5100	−0.191%	$849K	$1.1M	75x	as long as short
KuCoin PENDLEUSDTM	+0.0100%	8h	2.5158	+0.040%	$911K	$605K	50x	as long as short
Bitget PENDLEUSDT	+0.0100%	8h	2.5142	−0.024%	$3.8M	$2.6M	75x	as long as short
BingX PENDLE-USDT	+0.0100%	8h	2.5125	−0.091%	—	$36.4M	—	as long as short
edgeX PENDLEUSDC	+0.0100%	4h	2.5237	+0.354%	$25K	$411K	10x	as long as short
GRVT PENDLE_USDT_Perp	+0.0100%	8h	2.5226	+0.309%	$429K	$1.6M	10x	as long as short
Polymarket Perps PENDLE-USD	+0.0100%	1h	2.5193	+0.179%	$16K	$19K	5x	as long as short
SunX PENDLE-USDT	+0.0100%	8h	2.5135	−0.052%	$2K	$1.7M	20x	as long as short
GMX PENDLE/USD [PENDLE-USDC]	L +0.0200% / S −0.0275%	1h	2.5121	−0.107%	$5K	—	100x	as long as short
Backpack PENDLE_USDC_PERP	+0.0536%	1h	2.5212	+0.254%	$365K	$468K	15x	as long as short
Coinbase International PENDLE-PERP-INTX	+0.0560%	1h	2.5180	+0.127%	$118K	$437K	25x	as long as short