PENDLE

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0071%/8h= +7.8% APRnext payment +$0.71 per $10,000 · paid last 24h −0.048%

Price spread now: Variational Omni against MEXC−0.063%7-day average −0.061% · you buy dearer than you sell

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

Long on MEXC Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.096%−$10 on $10k

Price spread, last 7 days+0.027%+$3 · spread now −0.063%, 7d avg −0.061%

Together, before fees−0.069%+ Points / potential airdropVariational Omni: Active · farm board−$7 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.061%, so right now this pair is about funding alone: +$2 a day on $10k at the current rate. Mind the row above: over the last 3 days funding on this pair cost −0.096%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC PENDLE_USDT	2.5203	−0.0028	get 0.0028% / 8h	31m 55s	$17.1M	$1.9M	125x
Short	Variational Omni PENDLE	2.5187	0.0043	get 0.0043% / 8h	31m 55s	$594K	$1.9M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against MEXC. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 Variational OmnibpOrdersPrice spread, now −0.063%Rate

Funding earned: $14.89
Price spread: −0.063% → −0.061%: −$0.2
Slippage, 4 orders: no order book: not counted
Fee MEXC: 2 bp × 2 orders: −$4
Fee Variational Omni: 0 bp × 2 orders: $0
Net: $10.69
Costs to cover: 0.040%
Break-even: 2.0 days

Slippage unknown: MEXC: live order book, 2 min ago; Variational Omni: RFQ quote, 2 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, 2 min ago	0.59 bp	12.3 bp −$12	34.3 bp −$343	100.1 bp −$10.0K	doesn't fit
Sell Variational Omni RFQ quote, 2 min ago	6.69 bp	doesn't fit	57.5 bp −$575	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	−0.5000%	1h	2.4940	−1.044%	$2K	$54K	5.5x	as long as short
Deribit PENDLE_USDC-PERPETUAL	−0.0384%	1h	2.5225	+0.087%	$30K	$10K	10x	as long as short
ApeX Omni PENDLEUSDT	−0.0079%	1h	2.5215	+0.048%	$77K	$239K	50x	as long as short
BloFin PENDLE-USDT	−0.0037%	8h	2.5249	+0.183%	$1.3M	$754K	75x	as long as short
Extended PENDLE-USD	−0.0032%	1h	2.5184	−0.074%	$166K	$528K	10x	as long as short
Binance PENDLEUSDT	−0.0029%	8h	2.5187	−0.064%	$27.2M	$41.9M	75x	as long as short
MEXC PENDLE_USDTlong	−0.0028%	8h	2.5203	long leg	$17.1M	$1.9M	125x
Orderly PERP_PENDLE_USDC	−0.0001%	8h	2.5216	+0.052%	$20K	$16K	10x	as long as short
dYdX PENDLE-USD	0.0000%	1h	2.5242	+0.154%	$11K	—	5x	as long as short
Variational Omni PENDLEshort	+0.0043%	8h	2.5187	−0.063%	$594K	$1.9M	—

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Reya PENDLERUSDPERP	+0.0045%	1h	2.5225	+0.086%	$4K	—	15x	as long as short
GRVT PENDLE_USDT_Perp	+0.0050%	8h	2.5225	+0.086%	$418K	$1.6M	10x	as long as short
Aevo PENDLE-PERP	+0.0072%	1h	2.5240	+0.145%	$26K	—	3x	as long as short
Lighter PENDLE	+0.0096%	1h	2.5215	+0.048%	$531K	$415K	5x	as long as short
Paradex PENDLE-USD-PERP	+0.0100%	8h	2.5208	+0.018%	$35K	$18K	10x	as long as short
Aster PENDLEUSDT	+0.0100%	8h	2.5227	+0.096%	$46K	$177K	10x	as long as short
Bybit PENDLEUSDT	+0.0100%	8h	2.5180	−0.091%	$15.5M	$11.9M	50x	as long as short
OKX PENDLE-USDT-SWAP	+0.0100%	4h	2.5190	−0.052%	$3.2M	$6.1M	50x	as long as short
Gate PENDLE_USDT	+0.0100%	8h	2.5190	−0.052%	$783K	$1.2M	75x	as long as short
KuCoin PENDLEUSDTM	+0.0100%	8h	2.5228	+0.099%	$893K	$600K	50x	as long as short
Bitget PENDLEUSDT	+0.0100%	8h	2.5205	+0.008%	$3.7M	$2.7M	75x	as long as short
BingX PENDLE-USDT	+0.0100%	8h	2.5194	−0.036%	—	$35.7M	—	as long as short
edgeX PENDLEUSDC	+0.0100%	4h	2.5204	+0.003%	$25K	$396K	10x	as long as short
Polymarket Perps PENDLE-USD	+0.0100%	1h	2.5262	+0.234%	$16K	$20K	5x	as long as short
SunX PENDLE-USDT	+0.0100%	8h	2.5212	+0.036%	$2K	$1.8M	20x	as long as short
GMX PENDLE/USD [PENDLE-USDC]	L +0.0199% / S −0.0256%	1h	2.5236	+0.129%	$5K	—	100x	as long as short
Hyperliquid PENDLE	+0.0245%	1h	2.5250	+0.186%	$12.7M	$6.1M	5x	as long as short
Kraken Futures PF_PENDLEUSD	+0.0594%	1h	2.5266	+0.252%	$120K	$299K	20x	as long as short
Coinbase International PENDLE-PERP-INTX	+0.0600%	1h	2.5340	+0.544%	$141K	$458K	25x	as long as short
Backpack PENDLE_USDC_PERP	+0.0805%	1h	2.5261	+0.230%	$330K	$491K	15x	as long as short