PENDLE

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0177%/8h= −19.4% APRnext payment −$1.77 per $10,000 · paid last 24h −0.009%

Price spread now: MEXC against Gate−0.075%7-day average +0.037% · you buy dearer than you sell

Net, funding: paid 7d − costs−$63as in the Funding arb table

Net, price: spread back to 7d avg − costs−$70as in the Price arb table

costs, in and out, $10k−$580.585% of the position

Long on Gate Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days−0.041%−$4 on $10k

Price spread, last 4 days (all we have)+0.107%+$11 · spread now −0.075%, 7d avg +0.037%

Together, before fees+0.066%+$7 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 0.112% cheaper against Gate than usual: you would sell low and buy high (−$11 if the spread goes back to its 7-day average of +0.037%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate PENDLE_USDT	2.5300	0.0087	pay 0.0087% / 8h	7h 19m	$785K	$1.2M	75x
Short	MEXC PENDLE_USDT	2.5281	−0.0090	pay 0.0090% / 8h	7h 19m	$17.1M	$1.9M	125x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC against Gate. 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 GatebpFee MEXCbpOrdersPrice spread, now −0.075%Rate

Funding earned: −$37.17
Price spread: −0.075% → +0.037%: −$11.17
Slippage, 4 orders: −$39.5
Fee Gate: 7.5 bp × 2 orders: −$15
Fee MEXC: 2 bp × 2 orders: −$4
Net: −$106.84
Costs to cover: 0.585%
Break-even: never at this rate

Slippage from Gate: live order book, 3 min ago; MEXC: live order book, 4 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 Gate live order book, 3 min ago	3.96 bp	29.0 bp −$29	182.5 bp −$1,825	doesn't fit	doesn't fit
Sell MEXC live order book, 4 min ago	0.59 bp	6.2 bp −$6	29.4 bp −$294	78.8 bp −$7,881	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	−0.4643%	1h	2.4970	−1.304%	$2K	$54K	5.5x	as long as short
Deribit PENDLE_USDC-PERPETUAL	−0.0541%	1h	2.5262	−0.150%	$26K	$14K	10x	as long as short
GRVT PENDLE_USDT_Perp	−0.0121%	8h	2.5264	−0.141%	$427K	$1.6M	10x	as long as short
Binance PENDLEUSDT	−0.0093%	8h	2.5279	−0.083%	$27.3M	$42.6M	75x	as long as short
MEXC PENDLE_USDTshort	−0.0090%	8h	2.5281	−0.075%	$17.1M	$1.9M	125x
Extended PENDLE-USD	−0.0088%	1h	2.5264	−0.142%	$165K	$570K	10x	as long as short
BloFin PENDLE-USDT	−0.0079%	8h	2.5271	−0.115%	$1.3M	$685K	75x	as long as short
Bybit PENDLEUSDT	−0.0048%	8h	2.5280	−0.079%	$15.6M	$12.0M	50x	as long as short
Orderly PERP_PENDLE_USDC	−0.0022%	8h	2.5264	−0.142%	$20K	$16K	10x	as long as short
ApeX Omni PENDLEUSDT	−0.0010%	1h	2.5280	−0.079%	$77K	$237K	50x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
dYdX PENDLE-USD	0.0000%	1h	2.5312	+0.049%	$11K	—	5x	as long as short
Variational Omni PENDLE	+0.0002%	8h	2.5241	−0.234%	$608K	$1.8M	—	as long as short
Reya PENDLERUSDPERP	+0.0051%	1h	2.5265	−0.140%	$4K	—	15x	as long as short
Aster PENDLEUSDT	+0.0052%	8h	2.5283	−0.066%	$47K	$173K	10x	as long as short
Aevo PENDLE-PERP	+0.0056%	1h	2.5260	−0.157%	$26K	—	3x	as long as short
Gate PENDLE_USDTlong	+0.0087%	8h	2.5300	long leg	$785K	$1.2M	75x
Lighter PENDLE	+0.0096%	1h	2.5281	−0.075%	$537K	$418K	5x	as long as short
Paradex PENDLE-USD-PERP	+0.0100%	8h	2.5271	−0.114%	$35K	$18K	10x	as long as short
OKX PENDLE-USDT-SWAP	+0.0100%	4h	2.5280	−0.079%	$3.2M	$6.1M	50x	as long as short
KuCoin PENDLEUSDTM	+0.0100%	8h	2.5309	+0.036%	$889K	$586K	50x	as long as short
Bitget PENDLEUSDT	+0.0100%	8h	2.5277	−0.091%	$3.8M	$2.5M	75x	as long as short
BingX PENDLE-USDT	+0.0100%	8h	2.5284	−0.063%	—	$35.7M	—	as long as short
edgeX PENDLEUSDC	+0.0100%	4h	2.5263	−0.148%	$25K	$381K	10x	as long as short
Polymarket Perps PENDLE-USD	+0.0100%	1h	2.5273	−0.107%	$16K	$20K	5x	as long as short
SunX PENDLE-USDT	+0.0100%	8h	2.5261	−0.154%	$2K	$1.8M	20x	as long as short
GMX PENDLE/USD [PENDLE-USDC]	L +0.0203% / S −0.0382%	1h	2.5279	−0.083%	$7K	—	100x	as long as short
Hyperliquid PENDLE	+0.0376%	1h	2.5341	+0.162%	$13.0M	$6.4M	5x	as long as short
Kraken Futures PF_PENDLEUSD	+0.0615%	1h	2.5315	+0.058%	$118K	$293K	20x	as long as short
Coinbase International PENDLE-PERP-INTX	+0.0728%	1h	2.5410	+0.435%	$141K	$444K	25x	as long as short
Backpack PENDLE_USDC_PERP	+0.0868%	1h	2.5335	+0.138%	$355K	$490K	15x	as long as short