PENDLE

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0076%/8h= −8.3% APRnext payment −$0.76 per $10,000 · paid last 24h −0.017%

Price spread now: MEXC against KuCoin−0.069%7-day average +0.021% · you buy dearer than you sell

Net, funding: paid 7d − costs−$138as in the Funding arb table

Net, price: spread back to 7d avg − costs−$138as in the Price arb table

costs, in and out, $10k−$1291.294% of the position

Long on KuCoin Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days−0.085%−$8 on $10k

Price spread, last 7 days+0.159%+$16 · spread now −0.069%, 7d avg +0.021%

Together, before fees+0.074%+$7 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and MEXC is 0.090% cheaper against KuCoin than usual: you would sell low and buy high (−$9 if the spread goes back to its 7-day average of +0.021%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin PENDLEUSDTM	2.4527	0.0100	pay 0.0100% / 8h	1h 07m	$872K	$549K	50x
Short	MEXC PENDLE_USDT	2.4510	0.0024	get 0.0024% / 8h	1h 07m	$17.5M	$2.0M	125x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC against KuCoin. 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 KuCoinbpFee MEXCbpOrdersPrice spread, now −0.069%Rate

Funding earned: −$15.96
Price spread: −0.069% → +0.021%: −$8.99
Slippage, 4 orders: −$113.38
Fee KuCoin: 6 bp × 2 orders: −$12
Fee MEXC: 2 bp × 2 orders: −$4
Net: −$154.33
Costs to cover: 1.294%
Break-even: never at this rate

Slippage from KuCoin: live order book, 17 min ago; MEXC: live order book, 2 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 KuCoin live order book, 17 min ago	9.50 bp	61.1 bp −$61	doesn't fit	doesn't fit	doesn't fit
Sell MEXC live order book, 2 min ago	0.41 bp	4.9 bp −$5	18.3 bp −$183	84.5 bp −$8,451	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	−0.4348%	1h	2.4230	−1.211%	$2K	$54K	5.5x	as long as short
Deribit PENDLE_USDC-PERPETUAL	−0.0443%	1h	2.4521	−0.024%	$25K	$16K	10x	as long as short
Orderly PERP_PENDLE_USDC	−0.0017%	8h	2.4513	−0.057%	$19K	$15K	10x	as long as short
dYdX PENDLE-USD	0.0000%	1h	2.4546	+0.076%	$10K	—	5x	as long as short
BloFin PENDLE-USDT	+0.0020%	8h	2.4513	−0.057%	$1.1M	$478K	75x	as long as short
Binance PENDLEUSDT	+0.0024%	8h	2.4510	−0.071%	$25.9M	$45.3M	75x	as long as short
Extended PENDLE-USD	+0.0024%	1h	2.4510	−0.068%	$158K	$471K	10x	as long as short
MEXC PENDLE_USDTshort	+0.0024%	8h	2.4510	−0.069%	$17.5M	$2.0M	125x
Gate PENDLE_USDT	+0.0045%	8h	2.4520	−0.029%	$784K	$1.0M	75x	as long as short
Reya PENDLERUSDPERP	+0.0081%	1h	2.4525	−0.009%	$3K	—	15x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aevo PENDLE-PERP	+0.0088%	1h	2.4514	−0.052%	$26K	—	3x	as long as short
Lighter PENDLE	+0.0096%	1h	2.4520	−0.029%	$520K	$417K	5x	as long as short
Paradex PENDLE-USD-PERP	+0.0100%	8h	2.4485	−0.172%	$34K	$7K	10x	as long as short
Hyperliquid PENDLE	+0.0100%	1h	2.4543	+0.065%	$12.7M	$6.1M	5x	as long as short
Aster PENDLEUSDT	+0.0100%	8h	2.4506	−0.084%	$46K	$168K	10x	as long as short
Bybit PENDLEUSDT	+0.0100%	8h	2.4505	−0.090%	$14.3M	$12.2M	50x	as long as short
OKX PENDLE-USDT-SWAP	+0.0100%	4h	2.4530	+0.012%	$3.1M	$6.7M	50x	as long as short
KuCoin PENDLEUSDTMlong	+0.0100%	8h	2.4527	long leg	$872K	$549K	50x
Bitget PENDLEUSDT	+0.0100%	8h	2.4513	−0.057%	$3.8M	$2.4M	75x	as long as short
BingX PENDLE-USDT	+0.0100%	8h	2.4522	−0.020%	—	$8.2M	—	as long as short
Variational Omni PENDLE	+0.0100%	8h	2.4490	−0.149%	$595K	$1.4M	—	as long as short
edgeX PENDLEUSDC	+0.0100%	4h	2.4502	−0.101%	$24K	$370K	10x	as long as short
GRVT PENDLE_USDT_Perp	+0.0100%	8h	2.4496	−0.125%	$412K	$2.4M	10x	as long as short
ApeX Omni PENDLEUSDT	+0.0100%	1h	2.4508	−0.077%	$75K	$233K	50x	as long as short
Polymarket Perps PENDLE-USD	+0.0100%	1h	2.4544	+0.069%	$16K	$4K	5x	as long as short
SunX PENDLE-USDT	+0.0100%	8h	2.4525	−0.008%	$2K	$1.8M	20x	as long as short
GMX PENDLE/USD [PENDLE-USDC]	L +0.0196% / S −0.0222%	1h	2.4524	−0.013%	$5K	—	100x	as long as short
Backpack PENDLE_USDC_PERP	+0.0536%	1h	2.4569	+0.171%	$351K	$434K	15x	as long as short
Coinbase International PENDLE-PERP-INTX	+0.0688%	1h	2.4550	+0.094%	$158K	$507K	25x	as long as short
Kraken Futures PF_PENDLEUSD	+0.1658%	1h	2.4580	+0.218%	$115K	$260K	20x	as long as short