PENDLE

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0211%/8h= −23.1% APRnext payment −$2.11 per $10,000 · paid last 24h −0.017%

Price spread now: MEXC against Paradex+0.046%7-day average — · you sell dearer than you buy

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

Long on Paradex Short on MEXC

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

The price spread pays, funding is against you. MEXC is 0.046% dearer against Paradex than usual: you sell high and buy low (spread +0.046% now, against zero (this spread has no 7-day history yet)): +$5 on $10k if it goes back. Holding the pair costs −$6 a day in funding at the current rate, which eats that in about 18 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Paradex PENDLE-USD-PERP	2.5133	0.0100	pay 0.0100% / 8h	6h 49m	$35K	$16K	10x
Short	MEXC PENDLE_USDT	2.5145	−0.0111	pay 0.0111% / 8h	6h 49m	$17.4M	$1.8M	125x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC against Paradex. 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 ParadexbpFee MEXCbpOrdersPrice spread, now +0.046%Rate

Funding earned: −$44.31
Price spread: +0.046% → 0.000%: $4.64
Slippage, 4 orders: no order book: not counted
Fee Paradex: 2 bp × 2 orders: −$4
Fee MEXC: 2 bp × 2 orders: −$4
Net: −$47.67
Costs to cover: 0.080%
Break-even: never at this rate

Slippage unknown: Paradex: no order-book sample; MEXC: live order book, 4 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 Paradex no order-book sample	—	—	—	—	—
Sell MEXC live order book, 4 min ago	0.99 bp	7.4 bp −$7	31.0 bp −$310	95.4 bp −$9,536	doesn't fit

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	−0.4742%	1h	2.4750	−1.525%	$2K	$54K	5.5x	as long as short
Deribit PENDLE_USDC-PERPETUAL	−0.0823%	1h	2.5140	+0.027%	$26K	$14K	10x	as long as short
ApeX Omni PENDLEUSDT	−0.0606%	1h	2.5137	+0.015%	$77K	$237K	50x	as long as short
Bybit PENDLEUSDT	−0.0144%	8h	2.5123	−0.041%	$15.4M	$12.1M	50x	as long as short
GRVT PENDLE_USDT_Perp	−0.0129%	8h	2.5154	+0.082%	$420K	$1.7M	10x	as long as short
Extended PENDLE-USD	−0.0112%	1h	2.5117	−0.065%	$163K	$565K	10x	as long as short
Binance PENDLEUSDT	−0.0111%	8h	2.5147	+0.054%	$27.1M	$43.2M	75x	as long as short
MEXC PENDLE_USDTshort	−0.0111%	8h	2.5145	+0.046%	$17.4M	$1.8M	125x
BloFin PENDLE-USDT	−0.0095%	8h	2.5143	+0.038%	$1.3M	$654K	75x	as long as short
Variational Omni PENDLE	−0.0040%	8h	2.5116	−0.069%	$599K	$1.8M	—	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Orderly PERP_PENDLE_USDC	−0.0032%	8h	2.5130	−0.013%	$20K	$16K	10x	as long as short
Gate PENDLE_USDT	−0.0026%	8h	2.5150	+0.066%	$785K	$1.2M	75x	as long as short
dYdX PENDLE-USD	0.0000%	1h	2.5166	+0.130%	$11K	—	5x	as long as short
Aster PENDLEUSDT	+0.0011%	8h	2.5158	+0.097%	$50K	$180K	10x	as long as short
Reya PENDLERUSDPERP	+0.0053%	1h	2.5148	+0.058%	$4K	—	15x	as long as short
Aevo PENDLE-PERP	+0.0056%	1h	2.5126	−0.031%	$26K	—	3x	as long as short
Lighter PENDLE	+0.0096%	1h	2.5149	+0.062%	$535K	$414K	5x	as long as short
Paradex PENDLE-USD-PERPlong	+0.0100%	8h	2.5133	long leg	$35K	$16K	10x
OKX PENDLE-USDT-SWAP	+0.0100%	4h	2.5130	−0.013%	$3.2M	$6.2M	50x	as long as short
KuCoin PENDLEUSDTM	+0.0100%	8h	2.5168	+0.138%	$855K	$593K	50x	as long as short
Bitget PENDLEUSDT	+0.0100%	8h	2.5157	+0.094%	$3.8M	$2.5M	75x	as long as short
BingX PENDLE-USDT	+0.0100%	8h	2.5140	+0.027%	—	$33.8M	—	as long as short
edgeX PENDLEUSDC	+0.0100%	4h	2.5102	−0.124%	$25K	$380K	10x	as long as short
Polymarket Perps PENDLE-USD	+0.0100%	1h	2.5166	+0.130%	$16K	$20K	5x	as long as short
SunX PENDLE-USDT	+0.0100%	8h	2.5153	+0.078%	$2K	$1.8M	20x	as long as short
GMX PENDLE/USD [PENDLE-USDC]	L +0.0158% / S −0.0256%	1h	2.5160	+0.108%	$7K	—	100x	as long as short
Hyperliquid PENDLE	+0.0309%	1h	2.5200	+0.265%	$13.0M	$6.4M	5x	as long as short
Backpack PENDLE_USDC_PERP	+0.0319%	1h	2.5194	+0.241%	$353K	$485K	15x	as long as short
Coinbase International PENDLE-PERP-INTX	+0.0632%	1h	2.5150	+0.066%	$145K	$469K	25x	as long as short
Kraken Futures PF_PENDLEUSD	+0.0865%	1h	2.5194	+0.242%	$117K	$291K	20x	as long as short