PENDLE

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0055%/8h= +6.0% APRnext payment +$0.55 per $10,000 · paid last 24h +0.003%

Price spread now: SunX against MEXC+0.095%7-day average +0.013% · you sell dearer than you buy

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

Long on MEXC Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.070%+$7 on $10k

Price spread, last 3 days (all we have)−0.216%−$22 · spread now +0.095%, 7d avg +0.013%

Together, before fees−0.146%−$15 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and SunX is 0.082% dearer against MEXC than usual: you sell high and buy low: +$8 more if the spread goes back to its 7-day average of +0.013%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC PENDLE_USDT	2.5144	0.0045	pay 0.0045% / 8h	2h 32m	$16.9M	$2.2M	125x
Short	SunX PENDLE-USDT	2.5168	0.0100	get 0.0100% / 8h	2h 32m	$2K	$1.7M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now +0.095%Rate

Funding earned: $11.55
Price spread: +0.095% → +0.013%: $8.23
Slippage, 4 orders: no order book: not counted
Fee MEXC: 2 bp × 2 orders: −$4
Fee SunX: 4 bp × 2 orders: −$8
Net: $7.78
Costs to cover: 0.120%
Break-even: 2.3 days

Slippage unknown: MEXC: live order book, 1 min ago; SunX: live order book, 12 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 MEXC live order book, 1 min ago	0.40 bp	6.7 bp −$7	30.5 bp −$305	70.6 bp −$7,062	doesn't fit
Sell SunX live order book, 12 min ago	499.49 bp	doesn't fit	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	−0.4806%	1h	2.4860	−1.129%	$2K	$7K	5.5x	as long as short
Kraken Futures PF_PENDLEUSD	−0.0430%	1h	2.5205	+0.243%	$150K	$279K	20x	as long as short
Deribit PENDLE_USDC-PERPETUAL	−0.0227%	1h	2.5167	+0.091%	$30K	$10K	10x	as long as short
dYdX PENDLE-USD	0.0000%	1h	2.5179	+0.141%	$11K	—	5x	as long as short
Variational Omni PENDLE	+0.0024%	8h	2.5124	−0.079%	$609K	$2.3M	—	as long as short
Reya PENDLERUSDPERP	+0.0035%	1h	2.5159	+0.060%	$4K	—	15x	as long as short
Orderly PERP_PENDLE_USDC	+0.0036%	8h	2.5172	+0.111%	$25K	$11K	10x	as long as short
BloFin PENDLE-USDT	+0.0042%	8h	2.5162	+0.072%	$1.3M	$745K	75x	as long as short
MEXC PENDLE_USDTlong	+0.0045%	8h	2.5144	long leg	$16.9M	$2.2M	125x
Binance PENDLEUSDT	+0.0046%	8h	2.5146	+0.008%	$27.4M	$39.2M	75x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Extended PENDLE-USD	+0.0048%	1h	2.5139	−0.021%	$165K	$524K	10x	as long as short
ApeX Omni PENDLEUSDT	+0.0083%	1h	2.5192	+0.191%	$77K	$240K	50x	as long as short
Lighter PENDLE	+0.0096%	1h	2.5153	+0.036%	$544K	$385K	5x	as long as short
Aevo PENDLE-PERP	+0.0096%	1h	2.5169	+0.099%	$26K	—	3x	as long as short
Paradex PENDLE-USD-PERP	+0.0100%	8h	2.5156	+0.049%	$35K	$22K	10x	as long as short
Hyperliquid PENDLE	+0.0100%	1h	2.5174	+0.119%	$12.3M	$5.6M	5x	as long as short
Aster PENDLEUSDT	+0.0100%	8h	2.5157	+0.053%	$41K	$177K	10x	as long as short
Bybit PENDLEUSDT	+0.0100%	8h	2.5140	−0.016%	$15.6M	$12.2M	50x	as long as short
OKX PENDLE-USDT-SWAP	+0.0100%	4h	2.5160	+0.064%	$3.3M	$5.7M	50x	as long as short
Gate PENDLE_USDT	+0.0100%	8h	2.5150	+0.024%	$845K	$1.1M	75x	as long as short
KuCoin PENDLEUSDTM	+0.0100%	8h	2.5156	+0.048%	$912K	$609K	50x	as long as short
Bitget PENDLEUSDT	+0.0100%	8h	2.5147	+0.012%	$3.7M	$2.6M	75x	as long as short
BingX PENDLE-USDT	+0.0100%	8h	2.5161	+0.068%	—	$36.3M	—	as long as short
edgeX PENDLEUSDC	+0.0100%	4h	2.5166	+0.086%	$25K	$412K	10x	as long as short
GRVT PENDLE_USDT_Perp	+0.0100%	8h	2.5180	+0.142%	$416K	$1.6M	10x	as long as short
Polymarket Perps PENDLE-USD	+0.0100%	1h	2.5184	+0.159%	$16K	$19K	5x	as long as short
SunX PENDLE-USDTshort	+0.0100%	8h	2.5168	+0.095%	$2K	$1.7M	20x
GMX PENDLE/USD [PENDLE-USDC]	L +0.0200% / S −0.0277%	1h	2.5175	+0.122%	$5K	—	100x	as long as short
Coinbase International PENDLE-PERP-INTX	+0.0560%	1h	2.5220	+0.302%	$116K	$431K	25x	as long as short
Backpack PENDLE_USDC_PERP	+0.0813%	1h	2.5208	+0.255%	$365K	$465K	15x	as long as short