Funding arb · Price arb / Crypto
PENDLE
All PENDLE markets →| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 2.3570 | +0.0100 | pay 0.0100% / 8h | 2h 29m | $1.2M | $1.1M | 20x | Long Phemex | |
| SHORT | 2.3551 | +0.0100 | get 0.0013% / 1h | 29m 19s | $76K | $235K | 50x | Short ApeX Omni5% off |
Price gap−0.081%
Funding gap0.0000% /8h
Funding is ≈ 0 and the gap is 0.066% under its 7d average: the price leg works against you, −$7 on $10k if it goes back.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding−$240.0000% /8h now · paid −0.245% over the last 7D
Price−$7spread −0.081% now, avg −0.014% → −0.066% if it goes back
Costs−$1041.043% of $10k · taker + slippage, in and out
Price and funding
1h · historyEntry / Exit
Price spread
Prices
Fundingper 8h
ENTRY / EXIT · 7D
Entry now—
Entry average—
Best entry—
Exit now—
Exit average—
Best exit—
Exit free—
PRICE SPREAD · 7D
Now−0.081%
Average—
Range—
Wider than now—
FUNDING SPREAD · 7D
Average /8h—
Highest—
Lowest—
Paid you—
Where the spread has been, last 7D▾
share of time at each level
Funding on every exchange
/8hPENDLE on 31 exchanges
lowest funding firstBefore you open
0 ok · 5 to watch- Watch: Thin at this size39.8 / 12.9 bpAt $10k entering Phemex costs 39.8 bp, fee and slippage, 3.1× ApeX Omni’s.
- Note: Margin at max leverage$500 + $200Phemex 20x, ApeX Omni 50x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
- Watch: Payment intervals differ8h / 1hPayments land at different times. Close right after the slower leg pays.Next 24h at the current rates, on $10k a leg: $0.00Long Phemex: 3 payments, −$3.00; short ApeX Omni: 24 payments, +$3.00.
- Watch: Gap narrower than usual−0.081% vs −0.014%Less room for the price leg to pay you. If it goes back to average, the short loses.
- Watch: Short leg is thinner$76K vs $1.2M OIApeX Omni sets your exit cost. Check its book before closing.
- Note: No points program—Neither exchange runs points right now.
- Watch: KYCPhemex Yes · ApeX Omni NoKYC unlocks spot and futures trading; an unverified account cannot withdraw at all.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned−0.0118%/8h × 21 periods−$24.83
Price spread−0.081% → −0.014% (7d avg)−$6.63
Slippage, 4 orderslive order books−$82.34
Fee Phemex bp × 2 orders−$12.00
Fee ApeX Omni bp × 2 orders−$10.00
Net · 7 days · $10k−$135.81
Costs to cover1.043%Break-evennever at this rate
Slippage: Phemex: live order book, 3 min ago; ApeX Omni: live order book, 9 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGPhemex6.1639.8 bp−$40157.8 bp−$1,578doesn’t fitdoesn’t fit
SELL · SHORTApeX Omni5.7312.9 bp−$1395.9 bp−$959doesn’t fitdoesn’t fit
Closing costs about the same again.
| 09-30 01:05 | Reya | Listing | PENDLERUSDPERP no longer reported ($PENDLE) seen by our collector |
| 09-24 18:20 | Phemex | Other | Phemex Futures TradFi Listing: ethereum:0xaea46a60368a7bd060eec7df8cba43b7ef41ad85, ethereum:0x5a98fcbea516cf06857215779fd812ca3bef1b32, $PENDLE, ethereum:0x455e53cbb86018ac2b8092fdcd39d8444affc3f6, $CAKE, $INJ 🔹 Trading Zone: Perpetual 🔹 Max Leverage: Up to 50x 🔹 Trading Starts: @Phemex_official on X ↗ |
| 09-24 09:36 | Phemex | Listing | new market PENDLEUSDT ($PENDLE) seen by our collector |

