PENDLE

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0190%/8h= +20.8% APRnext payment +$1.90 per $10,000 · paid last 24h +0.009%

Price spread now: Gate against MEXC+0.095%7-day average −0.037% · you sell dearer than you buy

Net, funding: paid 7d − costs−$54as in the Funding arb table

Net, price: spread back to 7d avg − costs−$45as in the Price arb table

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

Long on MEXC Short on Gate

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)−0.127%−$13 · spread now +0.095%, 7d avg −0.037%

Together, before fees−0.086%−$9 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$6 a day on $10k at the current rate, and Gate is 0.132% dearer against MEXC than usual: you sell high and buy low: +$13 more if the spread goes back to its 7-day average of −0.037%.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.041% in total (about 2.1% a year). A funding rate is set anew for every payment; at this rate the next one is about +$1.90 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC PENDLE_USDT	2.5286	−0.0090	get 0.0090% / 8h	7h 19m	$17.1M	$1.9M	125x
Short	Gate PENDLE_USDT	2.5310	0.0100	get 0.0100% / 8h	7h 19m	$785K	$1.2M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against MEXC. 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 MEXCbpFee GatebpOrdersPrice spread, now +0.095%Rate

Funding earned: $39.9
Price spread: +0.095% → −0.037%: $13.15
Slippage, 4 orders: −$39.5
Fee MEXC: 2 bp × 2 orders: −$4
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$5.44
Costs to cover: 0.585%
Break-even: 8.0 days

Slippage from MEXC: live order book, 4 min ago; Gate: 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 MEXC live order book, 4 min ago	0.59 bp	5.4 bp −$5	31.3 bp −$313	76.7 bp −$7,669	doesn't fit
Sell Gate live order book, 2 min ago	3.96 bp	17.9 bp −$18	165.7 bp −$1,657	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	−0.4643%	1h	2.4970	−1.250%	$2K	$54K	5.5x	as long as short
Deribit PENDLE_USDC-PERPETUAL	−0.0541%	1h	2.5262	−0.095%	$26K	$14K	10x	as long as short
GRVT PENDLE_USDT_Perp	−0.0098%	8h	2.5295	+0.035%	$419K	$1.6M	10x	as long as short
Binance PENDLEUSDT	−0.0093%	8h	2.5278	−0.032%	$27.3M	$42.7M	75x	as long as short
MEXC PENDLE_USDTlong	−0.0090%	8h	2.5286	long leg	$17.1M	$1.9M	125x
Extended PENDLE-USD	−0.0088%	1h	2.5272	−0.055%	$165K	$570K	10x	as long as short
BloFin PENDLE-USDT	−0.0079%	8h	2.5271	−0.059%	$1.3M	$685K	75x	as long as short
Bybit PENDLEUSDT	−0.0048%	8h	2.5262	−0.095%	$15.6M	$12.0M	50x	as long as short
Orderly PERP_PENDLE_USDC	−0.0022%	8h	2.5264	−0.087%	$20K	$16K	10x	as long as short
ApeX Omni PENDLEUSDT	−0.0006%	1h	2.5283	−0.012%	$77K	$238K	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	+0.105%	$11K	—	5x	as long as short
Variational Omni PENDLE	+0.0002%	8h	2.5241	−0.179%	$608K	$1.8M	—	as long as short
Reya PENDLERUSDPERP	+0.0051%	1h	2.5265	−0.085%	$4K	—	15x	as long as short
Aster PENDLEUSDT	+0.0052%	8h	2.5281	−0.019%	$47K	$173K	10x	as long as short
Aevo PENDLE-PERP	+0.0056%	1h	2.5260	−0.101%	$26K	—	3x	as long as short
Lighter PENDLE	+0.0096%	1h	2.5281	−0.020%	$537K	$418K	5x	as long as short
Paradex PENDLE-USD-PERP	+0.0100%	8h	2.5255	−0.124%	$35K	$18K	10x	as long as short
OKX PENDLE-USDT-SWAP	+0.0100%	4h	2.5260	−0.103%	$3.2M	$6.1M	50x	as long as short
Gate PENDLE_USDTshort	+0.0100%	8h	2.5310	+0.095%	$785K	$1.2M	75x
KuCoin PENDLEUSDTM	+0.0100%	8h	2.5309	+0.091%	$889K	$586K	50x	as long as short
Bitget PENDLEUSDT	+0.0100%	8h	2.5278	−0.032%	$3.8M	$2.5M	75x	as long as short
BingX PENDLE-USDT	+0.0100%	8h	2.5289	+0.012%	—	$35.7M	—	as long as short
edgeX PENDLEUSDC	+0.0100%	4h	2.5283	−0.012%	$25K	$381K	10x	as long as short
Polymarket Perps PENDLE-USD	+0.0100%	1h	2.5273	−0.051%	$16K	$20K	5x	as long as short
SunX PENDLE-USDT	+0.0100%	8h	2.5261	−0.099%	$2K	$1.8M	20x	as long as short
GMX PENDLE/USD [PENDLE-USDC]	L +0.0203% / S −0.0382%	1h	2.5279	−0.028%	$7K	—	100x	as long as short
Hyperliquid PENDLE	+0.0376%	1h	2.5341	+0.218%	$13.0M	$6.4M	5x	as long as short
Kraken Futures PF_PENDLEUSD	+0.0615%	1h	2.5315	+0.113%	$118K	$293K	20x	as long as short
Coinbase International PENDLE-PERP-INTX	+0.0728%	1h	2.5410	+0.490%	$141K	$444K	25x	as long as short
Backpack PENDLE_USDC_PERP	+0.0868%	1h	2.5335	+0.194%	$355K	$490K	15x	as long as short