PENDLE

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0103%/8h= +11.3% APRnext payment +$1.03 per $10,000 · paid last 24h +0.009%

Price spread now: GRVT against MEXC+0.191%97s7-day average −0.084% · you sell dearer than you buy

Net, funding: paid 7d − costs−$45as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$470.468% of the position

Long on MEXC Short on GRVT

What this pair did over the last

the charts below follow

Funding, last 7 days+0.015%+$2 on $10k

Price spread, last 7 days−0.107%−$11 · spread now +0.191%, 7d avg −0.084%

Together, before fees−0.091%+ Points / potential airdropGRVT: Active · farm board−$9 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and GRVT is 0.275% dearer against MEXC than usual: you sell high and buy low: +$28 more if the spread goes back to its 7-day average of −0.084%. The two prices were read 97 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC PENDLE_USDT	2.4561	−0.0057	get 0.0057% / 8h	3h 31m	$17.4M	$2.0M	125x
Short	GRVT PENDLE_USDT_Perp	2.4608	0.0046	get 0.0046% / 8h	3h 31m	$417K	$2.0M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GRVT 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 GRVTbpOrdersPrice spread, now +0.191%Rate

Funding earned: $21.63
Price spread: +0.191% → −0.084%: $27.52
Slippage, 4 orders: −$33.83
Fee MEXC: 2 bp × 2 orders: −$4
Fee GRVT: 4.5 bp × 2 orders: −$9
Net: $2.32
Costs to cover: 0.468%
Break-even: 6.2 days

Slippage from MEXC: live order book, 2 min ago; GRVT: 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, 2 min ago	1.42 bp	4.4 bp −$4	24.4 bp −$244	94.3 bp −$9,434	doesn't fit
Sell GRVT live order book, 2 min ago	1.83 bp	21.6 bp −$22	doesn't fit	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	−0.4243%	1h	2.4260	−1.226%	$2K	$54K	5.5x	as long as short
ApeX Omni PENDLEUSDT	−0.0175%	1h	2.4607	+0.187%	$75K	$234K	50x	as long as short
Deribit PENDLE_USDC-PERPETUAL	−0.0157%	1h	2.4582	+0.086%	$25K	$14K	10x	as long as short
BloFin PENDLE-USDT	−0.0075%	8h	2.4584	+0.094%	$1.1M	$596K	75x	as long as short
Binance PENDLEUSDT	−0.0057%	8h	2.4570	+0.037%	$26.1M	$44.0M	75x	as long as short
MEXC PENDLE_USDTlong	−0.0057%	8h	2.4561	long leg	$17.4M	$2.0M	125x
Extended PENDLE-USD	−0.0056%	1h	2.4547	−0.057%	$158K	$581K	10x	as long as short
Gate PENDLE_USDT	−0.0051%	8h	2.4560	−0.004%	$719K	$1.1M	75x	as long as short
Orderly PERP_PENDLE_USDC	−0.0041%	8h	2.4572	+0.045%	$19K	$15K	10x	as long as short
Aster PENDLEUSDT	−0.0005%	8h	2.4633	+0.293%	$47K	$172K	10x	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	2.4576	+0.059%	$10K	—	5x	as long as short
GRVT PENDLE_USDT_Perpshort	+0.0046%	8h	2.4608	+0.191%	$417K	$2.0M	10x
Aevo PENDLE-PERP	+0.0064%	1h	2.4562	+0.004%	$26K	—	3x	as long as short
Variational Omni PENDLE	+0.0066%	8h	2.4571	+0.039%	$552K	$1.4M	—	as long as short
Reya PENDLERUSDPERP	+0.0069%	1h	2.4563	+0.008%	$3K	—	15x	as long as short
Lighter PENDLE	+0.0096%	1h	2.4580	+0.077%	$516K	$428K	5x	as long as short
Paradex PENDLE-USD-PERP	+0.0100%	8h	2.4563	+0.006%	$34K	$11K	10x	as long as short
Bybit PENDLEUSDT	+0.0100%	8h	2.4560	−0.004%	$14.4M	$12.1M	50x	as long as short
OKX PENDLE-USDT-SWAP	+0.0100%	4h	2.4580	+0.077%	$3.1M	$6.4M	50x	as long as short
KuCoin PENDLEUSDTM	+0.0100%	8h	2.4603	+0.171%	$888K	$551K	50x	as long as short
Bitget PENDLEUSDT	+0.0100%	8h	2.4516	−0.183%	$3.7M	$2.3M	75x	as long as short
BingX PENDLE-USDT	+0.0100%	8h	2.4568	+0.029%	—	$8.4M	—	as long as short
edgeX PENDLEUSDC	+0.0100%	4h	2.4595	+0.139%	$24K	$377K	10x	as long as short
Polymarket Perps PENDLE-USD	+0.0100%	1h	2.4587	+0.106%	$16K	$7K	5x	as long as short
SunX PENDLE-USDT	+0.0100%	8h	2.4586	+0.102%	$2K	$1.8M	20x	as long as short
Hyperliquid PENDLE	+0.0122%	1h	2.4622	+0.248%	$12.8M	$6.1M	5x	as long as short
GMX PENDLE/USD [PENDLE-USDC]	L +0.0196% / S −0.0222%	1h	2.4583	+0.088%	$5K	—	100x	as long as short
Coinbase International PENDLE-PERP-INTX	+0.0640%	1h	2.4620	+0.240%	$146K	$499K	25x	as long as short
Backpack PENDLE_USDC_PERP	+0.0707%	1h	2.4618	+0.232%	$358K	$400K	15x	as long as short
Kraken Futures PF_PENDLEUSD	+0.1182%	1h	2.4626	+0.264%	$115K	$269K	20x	as long as short