PENDLE

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0042%/8h= −4.6% APRnext payment −$0.42 per $10,000 · paid last 24h −0.042%

Price spread now: Variational Omni against Gate−0.434%7-day average −0.006% · you buy dearer than you sell

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

Long on Gate Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.094%−$9 on $10k

Price spread, last 4 days (all we have)−0.279%−$28 · spread now −0.434%, 7d avg −0.006%

Together, before fees−0.373%+ Points / potential airdropVariational Omni: Active · farm board−$37 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Variational Omni is 0.428% cheaper against Gate than usual: you would sell low and buy high (−$43 if the spread goes back to its 7-day average of −0.006%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate PENDLE_USDT	2.4980	0.0100	pay 0.0100% / 8h	1h 02m	$784K	$1.2M	75x
Short	Variational Omni PENDLE	2.4872	0.0058	get 0.0058% / 8h	1h 02m	$550K	$2.0M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against Gate. 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 GatebpFee Variational OmnibpOrdersPrice spread, now −0.434%Rate

Funding earned: −$8.73
Price spread: −0.434% → −0.006%: −$42.82
Slippage, 4 orders: no order book: not counted
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$66.56
Costs to cover: 0.150%
Break-even: never at this rate

Slippage unknown: Gate: 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 Gate live order book, 5 min ago	4.02 bp	19.0 bp −$19	193.5 bp −$1,935	doesn't fit	doesn't fit
Sell Variational Omni RFQ quote, 2 min ago	4.71 bp	doesn't fit	48.5 bp −$485	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	2.4550	−1.721%	$2K	$53K	5.5x	as long as short
Deribit PENDLE_USDC-PERPETUAL	−0.0270%	1h	2.4984	+0.016%	$29K	$10K	10x	as long as short
ApeX Omni PENDLEUSDT	−0.0086%	1h	2.4893	−0.348%	$76K	$239K	50x	as long as short
BloFin PENDLE-USDT	−0.0041%	8h	2.4965	−0.060%	$1.3M	$746K	75x	as long as short
Extended PENDLE-USD	−0.0016%	1h	2.4959	−0.083%	$164K	$526K	10x	as long as short
Binance PENDLEUSDT	−0.0013%	8h	2.4965	−0.060%	$27.0M	$41.3M	75x	as long as short
MEXC PENDLE_USDT	−0.0012%	8h	2.4969	−0.044%	$16.9M	$2.1M	125x	as long as short
dYdX PENDLE-USD	0.0000%	1h	2.4983	+0.013%	$11K	—	5x	as long as short
Orderly PERP_PENDLE_USDC	+0.0011%	8h	2.4968	−0.048%	$20K	$16K	10x	as long as short
Reya PENDLERUSDPERP	+0.0042%	1h	2.4964	−0.063%	$4K	—	15x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni PENDLEshort	+0.0058%	8h	2.4872	−0.434%	$550K	$2.0M	—
GRVT PENDLE_USDT_Perp	+0.0060%	8h	2.4917	−0.252%	$414K	$1.6M	10x	as long as short
Aevo PENDLE-PERP	+0.0080%	1h	2.4966	−0.056%	$26K	—	3x	as long as short
Lighter PENDLE	+0.0096%	1h	2.4980	0.000%	$528K	$427K	5x	as long as short
Paradex PENDLE-USD-PERP	+0.0100%	8h	2.4967	−0.052%	$35K	$20K	10x	as long as short
Hyperliquid PENDLE	+0.0100%	1h	2.5003	+0.092%	$12.3M	$6.0M	5x	as long as short
Aster PENDLEUSDT	+0.0100%	8h	2.4978	−0.008%	$44K	$176K	10x	as long as short
Bybit PENDLEUSDT	+0.0100%	8h	2.4964	−0.064%	$15.3M	$11.9M	50x	as long as short
OKX PENDLE-USDT-SWAP	+0.0100%	4h	2.4990	+0.040%	$3.2M	$6.0M	50x	as long as short
Gate PENDLE_USDTlong	+0.0100%	8h	2.4980	long leg	$784K	$1.2M	75x
KuCoin PENDLEUSDTM	+0.0100%	8h	2.4986	+0.024%	$888K	$597K	50x	as long as short
Bitget PENDLEUSDT	+0.0100%	8h	2.4954	−0.104%	$3.7M	$2.7M	75x	as long as short
BingX PENDLE-USDT	+0.0100%	8h	2.4977	−0.012%	—	$35.5M	—	as long as short
edgeX PENDLEUSDC	+0.0100%	4h	2.4905	−0.302%	$25K	$397K	10x	as long as short
Polymarket Perps PENDLE-USD	+0.0100%	1h	2.4985	+0.020%	$16K	$20K	5x	as long as short
SunX PENDLE-USDT	+0.0100%	8h	2.4982	+0.008%	$2K	$1.8M	20x	as long as short
GMX PENDLE/USD [PENDLE-USDC]	L +0.0199% / S −0.0256%	1h	2.4979	−0.004%	$5K	—	100x	as long as short
Coinbase International PENDLE-PERP-INTX	+0.0592%	1h	2.5030	+0.200%	$139K	$462K	25x	as long as short
Backpack PENDLE_USDC_PERP	+0.0688%	1h	2.5013	+0.132%	$356K	$477K	15x	as long as short
Kraken Futures PF_PENDLEUSD	+0.0753%	1h	2.5015	+0.141%	$118K	$305K	20x	as long as short