PENDLE

Alert: funding

Alert: spread

Funding you earn now, next payment 16:00 UTC+0.0182%/8h= +19.9% APRnext payment +$1.82 per $10,000 · paid last 24h +0.027%

Price spread now: KuCoin against MEXC+0.090%7-day average −0.019% · you sell dearer than you buy

Net, funding: paid 7d − costs−$51as in the Funding arb table

Net, price: spread back to 7d avg − costs−$48as in the Price arb table

costs, in and out, $10k−$590.591% of the position

Long on MEXC Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.084%+$8 on $10k

Price spread, last 7 days−0.200%−$20 · spread now +0.090%, 7d avg −0.019%

Together, before fees−0.116%−$12 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$5 a day on $10k at the current rate, and KuCoin is 0.109% dearer against MEXC than usual: you sell high and buy low: +$11 more if the spread goes back to its 7-day average of −0.019%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC PENDLE_USDT	2.4482	−0.0082	get 0.0082% / 8h	7h 08m	$18.4M	$2.1M	125x
Short	KuCoin PENDLEUSDTM	2.4504	0.0100	get 0.0100% / 8h	7h 08m	$701K	$598K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now +0.090%Rate

Funding earned: $38.22
Price spread: +0.090% → −0.019%: $10.91
Slippage, 4 orders: −$43.07
Fee MEXC: 2 bp × 2 orders: −$4
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$9.95
Costs to cover: 0.591%
Break-even: 8.8 days

Slippage from MEXC: live order book, 1 min ago; KuCoin: live order book, 66 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, 1 min ago	0.82 bp	6.6 bp −$7	29.1 bp −$291	80.5 bp −$8,046	doesn't fit
Sell KuCoin live order book, 66 min ago	7.41 bp	20.9 bp −$21	129.1 bp −$1,291	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	−0.3627%	1h	2.3930	−2.255%	$2K	$55K	5.5x	as long as short
GRVT PENDLE_USDT_Perp	−0.0185%	8h	2.4585	+0.420%	$414K	$2.7M	10x	as long as short
Binance PENDLEUSDT	−0.0083%	8h	2.4507	+0.102%	$25.6M	$46.8M	75x	as long as short
MEXC PENDLE_USDTlong	−0.0082%	8h	2.4482	long leg	$18.4M	$2.1M	125x
Extended PENDLE-USD	−0.0080%	1h	2.4465	−0.071%	$162K	$934K	10x	as long as short
BloFin PENDLE-USDT	−0.0068%	8h	2.4525	+0.176%	$1.1M	$516K	75x	as long as short
Orderly PERP_PENDLE_USDC	−0.0007%	8h	2.4477	−0.020%	$19K	$15K	10x	as long as short
dYdX PENDLE-USD	0.0000%	1h	2.4526	+0.179%	$10K	—	5x	as long as short
Deribit PENDLE_USDC-PERPETUAL	0.0000%	1h	2.4485	+0.012%	$25K	$14K	10x	as long as short
Aster PENDLEUSDT	+0.0026%	8h	2.4509	+0.111%	$50K	$179K	10x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
ApeX Omni PENDLEUSDT	+0.0048%	1h	2.4460	−0.090%	$74K	$231K	50x	as long as short
Aevo PENDLE-PERP	+0.0064%	1h	2.4476	−0.022%	$26K	—	3x	as long as short
Reya PENDLERUSDPERP	+0.0090%	1h	2.4488	+0.025%	$3K	—	15x	as long as short
Variational Omni PENDLE	+0.0092%	8h	2.4561	+0.322%	$585K	$1.3M	—	as long as short
Lighter PENDLE	+0.0096%	1h	2.4492	+0.041%	$527K	$444K	5x	as long as short
Paradex PENDLE-USD-PERP	+0.0100%	8h	2.4483	+0.005%	$34K	$3K	10x	as long as short
Hyperliquid PENDLE	+0.0100%	1h	2.4535	+0.216%	$12.8M	$5.9M	5x	as long as short
Bybit PENDLEUSDT	+0.0100%	8h	2.4470	−0.049%	$14.2M	$11.8M	50x	as long as short
OKX PENDLE-USDT-SWAP	+0.0100%	4h	2.4500	+0.074%	$3.1M	$6.8M	50x	as long as short
Gate PENDLE_USDT	+0.0100%	8h	2.4500	+0.074%	$776K	$996K	75x	as long as short
KuCoin PENDLEUSDTMshort	+0.0100%	8h	2.4504	+0.090%	$701K	$598K	50x
Bitget PENDLEUSDT	+0.0100%	8h	2.4484	+0.008%	$3.8M	$2.4M	75x	as long as short
BingX PENDLE-USDT	+0.0100%	8h	2.4498	+0.065%	—	$8.4M	—	as long as short
edgeX PENDLEUSDC	+0.0100%	4h	2.4564	+0.333%	$23K	$369K	10x	as long as short
Polymarket Perps PENDLE-USD	+0.0100%	1h	2.4510	+0.114%	$16K	$4K	5x	as long as short
SunX PENDLE-USDT	+0.0100%	8h	2.4498	+0.065%	$2K	$1.8M	20x	as long as short
GMX PENDLE/USD [PENDLE-USDC]	L +0.0151% / S −0.0168%	1h	2.4479	−0.013%	$5K	—	100x	as long as short
Coinbase International PENDLE-PERP-INTX	+0.0664%	1h	2.4620	+0.564%	$171K	$538K	25x	as long as short
Backpack PENDLE_USDC_PERP	+0.0810%	1h	2.4534	+0.212%	$364K	$431K	15x	as long as short
Kraken Futures PF_PENDLEUSD	+0.1268%	1h	2.4478	−0.018%	$115K	$254K	20x	as long as short