PENDLE

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0038%/8h= −4.1% APRnext payment −$0.38 per $10,000 · paid last 24h −0.051%

Price spread now: Variational Omni against KuCoin+0.076%7-day average −0.035% · you sell dearer than you buy

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

Long on KuCoin Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.102%−$10 on $10k

Price spread, last 7 days−0.075%−$7 · spread now +0.076%, 7d avg −0.035%

Together, before fees−0.177%+ Points / potential airdropVariational Omni: Active · farm board−$18 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Variational Omni is 0.111% dearer against KuCoin than usual: you sell high and buy low (spread +0.076% now, against its 7-day average of −0.035%): +$11 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 9.8 days. At the pace of the last 3 days (−0.102% in total) that is about 3.6 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin PENDLEUSDTM	2.4853	0.0100	pay 0.0100% / 8h	1h 11m	$888K	$611K	50x
Short	Variational Omni PENDLE	2.4872	0.0062	get 0.0062% / 8h	1h 11m	$550K	$2.0M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against KuCoin. 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 KuCoinbpFee Variational OmnibpOrdersPrice spread, now +0.076%Rate

Funding earned: −$7.95
Price spread: +0.076% → −0.035%: $11.12
Slippage, 4 orders: no order book: not counted
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$8.82
Costs to cover: 0.120%
Break-even: never at this rate

Slippage unknown: KuCoin: live order book, 63 min ago; Variational Omni: RFQ quote, 3 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 KuCoin live order book, 63 min ago	8.16 bp	53.2 bp −$53	173.5 bp −$1,735	doesn't fit	doesn't fit
Sell Variational Omni RFQ quote, 3 min ago	6.74 bp	doesn't fit	57.0 bp −$570	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	2.4770	−0.334%	$2K	$53K	5.5x	as long as short
Deribit PENDLE_USDC-PERPETUAL	−0.0474%	1h	2.4842	−0.044%	$29K	$10K	10x	as long as short
ApeX Omni PENDLEUSDT	−0.0066%	1h	2.4890	+0.149%	$76K	$239K	50x	as long as short
BloFin PENDLE-USDT	−0.0028%	8h	2.4860	+0.028%	$1.3M	$732K	75x	as long as short
Extended PENDLE-USD	−0.0008%	1h	2.4828	−0.100%	$164K	$526K	10x	as long as short
Binance PENDLEUSDT	−0.0008%	8h	2.4842	−0.043%	$26.8M	$41.0M	75x	as long as short
MEXC PENDLE_USDT	−0.0003%	8h	2.4847	−0.024%	$16.8M	$2.1M	125x	as long as short
dYdX PENDLE-USD	0.0000%	1h	2.4872	+0.075%	$10K	—	5x	as long as short
Orderly PERP_PENDLE_USDC	+0.0014%	8h	2.4846	−0.028%	$20K	$16K	10x	as long as short
Reya PENDLERUSDPERP	+0.0042%	1h	2.4843	−0.039%	$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	+0.0062%	8h	2.4872	+0.076%	$550K	$2.0M	—
GRVT PENDLE_USDT_Perp	+0.0068%	8h	2.4869	+0.063%	$413K	$1.6M	10x	as long as short
Aevo PENDLE-PERP	+0.0080%	1h	2.4845	−0.032%	$26K	—	3x	as long as short
Lighter PENDLE	+0.0096%	1h	2.4858	+0.020%	$523K	$424K	5x	as long as short
Paradex PENDLE-USD-PERP	+0.0100%	8h	2.4845	−0.033%	$35K	$20K	10x	as long as short
Hyperliquid PENDLE	+0.0100%	1h	2.4893	+0.161%	$12.3M	$6.0M	5x	as long as short
Aster PENDLEUSDT	+0.0100%	8h	2.4878	+0.100%	$44K	$176K	10x	as long as short
Bybit PENDLEUSDT	+0.0100%	8h	2.4836	−0.068%	$15.3M	$11.9M	50x	as long as short
OKX PENDLE-USDT-SWAP	+0.0100%	4h	2.4840	−0.052%	$3.2M	$5.9M	50x	as long as short
Gate PENDLE_USDT	+0.0100%	8h	2.4840	−0.052%	$778K	$1.2M	75x	as long as short
KuCoin PENDLEUSDTMlong	+0.0100%	8h	2.4853	long leg	$888K	$611K	50x
Bitget PENDLEUSDT	+0.0100%	8h	2.4826	−0.109%	$3.7M	$2.7M	75x	as long as short
BingX PENDLE-USDT	+0.0100%	8h	2.4847	−0.024%	—	$36.2M	—	as long as short
edgeX PENDLEUSDC	+0.0100%	4h	2.4864	+0.042%	$25K	$395K	10x	as long as short
Polymarket Perps PENDLE-USD	+0.0100%	1h	2.4881	+0.113%	$16K	$20K	5x	as long as short
SunX PENDLE-USDT	+0.0100%	8h	2.4859	+0.024%	$2K	$1.7M	20x	as long as short
GMX PENDLE/USD [PENDLE-USDC]	L +0.0199% / S −0.0256%	1h	2.4867	+0.057%	$5K	—	100x	as long as short
Coinbase International PENDLE-PERP-INTX	+0.0592%	1h	2.5020	+0.672%	$139K	$461K	25x	as long as short
Backpack PENDLE_USDC_PERP	+0.0648%	1h	2.4894	+0.165%	$351K	$475K	15x	as long as short
Kraken Futures PF_PENDLEUSD	+0.0757%	1h	2.4897	+0.177%	$118K	$306K	20x	as long as short