PENDLE

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0017%/8h= −1.9% APRnext payment −$0.17 per $10,000 · paid last 24h +0.018%

Price spread now: MEXC against Orderly+0.004%7-day average — · you sell dearer than you buy

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

Long on Orderly Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

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

Together, before fees—needs both histories

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: −$1 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Orderly PERP_PENDLE_USDC	2.4846	0.0014	pay 0.0014% / 8h	1h 11m	$20K	$16K	10x
Short	MEXC PENDLE_USDT	2.4847	−0.0003	pay 0.0003% / 8h	1h 11m	$16.8M	$2.1M	125x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC against Orderly. 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 OrderlybpFee MEXCbpOrdersPrice spread, now +0.004%Rate

Funding earned: −$3.67
Price spread: +0.004% → 0.000%: $0.4
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee MEXC: 2 bp × 2 orders: −$4
Net: −$13.27
Costs to cover: 0.100%
Break-even: never at this rate

Slippage unknown: Orderly: no order-book sample; MEXC: live order book, 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 Orderly no order-book sample	—	—	—	—	—
Sell MEXC live order book, 2 min ago	0.20 bp	4.2 bp −$4	21.9 bp −$219	84.4 bp −$8,439	doesn't fit

Orderly: 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	−0.3656%	1h	2.4770	−0.306%	$2K	$53K	5.5x	as long as short
Deribit PENDLE_USDC-PERPETUAL	−0.0474%	1h	2.4842	−0.016%	$29K	$10K	10x	as long as short
ApeX Omni PENDLEUSDT	−0.0066%	1h	2.4890	+0.177%	$76K	$239K	50x	as long as short
BloFin PENDLE-USDT	−0.0028%	8h	2.4860	+0.056%	$1.3M	$732K	75x	as long as short
Extended PENDLE-USD	−0.0008%	1h	2.4828	−0.072%	$164K	$526K	10x	as long as short
Binance PENDLEUSDT	−0.0008%	8h	2.4842	−0.015%	$26.8M	$41.0M	75x	as long as short
MEXC PENDLE_USDTshort	−0.0003%	8h	2.4847	+0.004%	$16.8M	$2.1M	125x
dYdX PENDLE-USD	0.0000%	1h	2.4872	+0.103%	$10K	—	5x	as long as short
Orderly PERP_PENDLE_USDClong	+0.0014%	8h	2.4846	long leg	$20K	$16K	10x
Reya PENDLERUSDPERP	+0.0042%	1h	2.4843	−0.011%	$4K	—	15x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni PENDLE	+0.0062%	8h	2.4872	+0.104%	$550K	$2.0M	—	as long as short
GRVT PENDLE_USDT_Perp	+0.0068%	8h	2.4869	+0.091%	$413K	$1.6M	10x	as long as short
Aevo PENDLE-PERP	+0.0080%	1h	2.4845	−0.004%	$26K	—	3x	as long as short
Lighter PENDLE	+0.0096%	1h	2.4858	+0.048%	$523K	$424K	5x	as long as short
Paradex PENDLE-USD-PERP	+0.0100%	8h	2.4845	−0.005%	$35K	$20K	10x	as long as short
Hyperliquid PENDLE	+0.0100%	1h	2.4893	+0.189%	$12.3M	$6.0M	5x	as long as short
Aster PENDLEUSDT	+0.0100%	8h	2.4878	+0.128%	$44K	$176K	10x	as long as short
Bybit PENDLEUSDT	+0.0100%	8h	2.4836	−0.040%	$15.3M	$11.9M	50x	as long as short
OKX PENDLE-USDT-SWAP	+0.0100%	4h	2.4840	−0.024%	$3.2M	$5.9M	50x	as long as short
Gate PENDLE_USDT	+0.0100%	8h	2.4840	−0.024%	$778K	$1.2M	75x	as long as short
KuCoin PENDLEUSDTM	+0.0100%	8h	2.4853	+0.028%	$888K	$611K	50x	as long as short
Bitget PENDLEUSDT	+0.0100%	8h	2.4826	−0.080%	$3.7M	$2.7M	75x	as long as short
BingX PENDLE-USDT	+0.0100%	8h	2.4847	+0.004%	—	$36.2M	—	as long as short
edgeX PENDLEUSDC	+0.0100%	4h	2.4864	+0.071%	$25K	$395K	10x	as long as short
Polymarket Perps PENDLE-USD	+0.0100%	1h	2.4881	+0.141%	$16K	$20K	5x	as long as short
SunX PENDLE-USDT	+0.0100%	8h	2.4859	+0.052%	$2K	$1.7M	20x	as long as short
GMX PENDLE/USD [PENDLE-USDC]	L +0.0199% / S −0.0256%	1h	2.4867	+0.085%	$5K	—	100x	as long as short
Coinbase International PENDLE-PERP-INTX	+0.0592%	1h	2.5020	+0.700%	$139K	$461K	25x	as long as short
Backpack PENDLE_USDC_PERP	+0.0648%	1h	2.4894	+0.193%	$351K	$475K	15x	as long as short
Kraken Futures PF_PENDLEUSD	+0.0757%	1h	2.4897	+0.206%	$118K	$306K	20x	as long as short