PENDLE

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0078%/8h= +8.5% APRnext payment +$0.78 per $10,000 · paid last 24h +0.017%

Price spread now: Paradex against MEXC−0.077%7-day average — · you buy dearer than you sell

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

Long on MEXC Short on Paradex

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropParadex: Active · farm boardneeds both histories

Funding pays, the price is against you. Paradex is 0.077% cheaper against MEXC than usual: you would sell low and buy high (spread −0.077% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$8 on $10k: about 3.3 days of funding at the current rate (+$2 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC PENDLE_USDT	2.4458	0.0022	pay 0.0022% / 8h	42m 17s	$17.5M	$2.0M	125x
Short	Paradex PENDLE-USD-PERP	2.4439	0.0100	get 0.0100% / 8h	42m 17s	$34K	$5K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paradex 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 ParadexbpOrdersPrice spread, now −0.077%Rate

Funding earned: $16.38
Price spread: −0.077% → 0.000%: −$7.65
Slippage, 4 orders: no order book: not counted
Fee MEXC: 2 bp × 2 orders: −$4
Fee Paradex: 2 bp × 2 orders: −$4
Net: $0.73
Costs to cover: 0.080%
Break-even: 6.7 days

Slippage unknown: MEXC: live order book, 1 min ago; Paradex: no order-book sample. 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 MEXC live order book, 1 min ago	1.43 bp	7.2 bp −$7	34.6 bp −$346	89.9 bp −$8,988	doesn't fit
Sell Paradex no order-book sample	—	—	—	—	—

Paradex: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	−0.4810%	1h	2.4240	−0.891%	$2K	$54K	5.5x	as long as short
Deribit PENDLE_USDC-PERPETUAL	−0.0281%	1h	2.4451	−0.029%	$25K	$16K	10x	as long as short
Orderly PERP_PENDLE_USDC	−0.0018%	8h	2.4446	−0.049%	$19K	$15K	10x	as long as short
dYdX PENDLE-USD	0.0000%	1h	2.4452	−0.026%	$10K	—	5x	as long as short
BloFin PENDLE-USDT	+0.0010%	8h	2.4451	−0.029%	$1.1M	$478K	75x	as long as short
MEXC PENDLE_USDTlong	+0.0022%	8h	2.4458	long leg	$17.5M	$2.0M	125x
Binance PENDLEUSDT	+0.0022%	8h	2.4453	−0.020%	$25.8M	$45.5M	75x	as long as short
Extended PENDLE-USD	+0.0024%	1h	2.4443	−0.063%	$158K	$884K	10x	as long as short
Gate PENDLE_USDT	+0.0068%	8h	2.4450	−0.033%	$767K	$1.0M	75x	as long as short
Reya PENDLERUSDPERP	+0.0083%	1h	2.4470	+0.050%	$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	2.4441	−0.071%	$26K	—	3x	as long as short
GRVT PENDLE_USDT_Perp	+0.0094%	8h	2.4468	+0.041%	$415K	$2.4M	10x	as long as short
Lighter PENDLE	+0.0096%	1h	2.4451	−0.029%	$520K	$407K	5x	as long as short
Paradex PENDLE-USD-PERPshort	+0.0100%	8h	2.4439	−0.077%	$34K	$5K	10x
Hyperliquid PENDLE	+0.0100%	1h	2.4493	+0.143%	$12.7M	$6.1M	5x	as long as short
Aster PENDLEUSDT	+0.0100%	8h	2.4472	+0.057%	$48K	$170K	10x	as long as short
Bybit PENDLEUSDT	+0.0100%	8h	2.4440	−0.074%	$14.3M	$12.3M	50x	as long as short
OKX PENDLE-USDT-SWAP	+0.0100%	4h	2.4470	+0.049%	$3.1M	$6.7M	50x	as long as short
KuCoin PENDLEUSDTM	+0.0100%	8h	2.4478	+0.082%	$870K	$548K	50x	as long as short
Bitget PENDLEUSDT	+0.0100%	8h	2.4461	+0.012%	$3.8M	$2.4M	75x	as long as short
BingX PENDLE-USDT	+0.0100%	8h	2.4466	+0.033%	—	$8.2M	—	as long as short
Variational Omni PENDLE	+0.0100%	8h	2.4465	+0.030%	$595K	$1.4M	—	as long as short
edgeX PENDLEUSDC	+0.0100%	4h	2.4497	+0.160%	$24K	$371K	10x	as long as short
ApeX Omni PENDLEUSDT	+0.0100%	1h	2.4476	+0.074%	$74K	$232K	50x	as long as short
Polymarket Perps PENDLE-USD	+0.0100%	1h	2.4491	+0.135%	$16K	$4K	5x	as long as short
SunX PENDLE-USDT	+0.0100%	8h	2.4472	+0.057%	$2K	$1.8M	20x	as long as short
GMX PENDLE/USD [PENDLE-USDC]	L +0.0196% / S −0.0222%	1h	2.4462	+0.015%	$5K	—	100x	as long as short
Coinbase International PENDLE-PERP-INTX	+0.0672%	1h	2.4500	+0.172%	$157K	$506K	25x	as long as short
Backpack PENDLE_USDC_PERP	+0.0817%	1h	2.4515	+0.233%	$350K	$434K	15x	as long as short
Kraken Futures PF_PENDLEUSD	+0.1512%	1h	2.4518	+0.246%	$116K	$261K	20x	as long as short