Funding arb · Price arb / Crypto
PENDLE
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| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 2.3654 | +0.0100 | pay 0.0100% / 8h | 7h 17m | $1.2M | $1.1M | 20x | Long Phemex | |
| SHORT | 2.3611 | +0.0100 | get 0.0100% / 8h | 7h 17m | $521K | $48K | 50x | Short Variational Omni+15% pts |
Price gap−0.183%
Funding gap0.0000% /8h
Funding is ≈ 0 and the gap is 0.082% under its 7d average: the price leg works against you, −$8 on $10k if it goes back.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding−$180.0000% /8h now · paid −0.185% over the last 7D
Price−$8spread −0.183% now, avg −0.101% → −0.082% if it goes back
Costs−$1331.334% of $10k · taker + slippage, in and out
Result−$160−1.60%+ Points / potential airdropVariational Omni: points · farm boardWhat the last 7D really paid, hour by hour → backtest
Price and funding
1h · loading 5m…Entry / ExitVariational Omni: thin, under $1M open interest
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−0.183%
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
2 ok · 4 to watch- Watch: Thin at this size42.5 / 30.5 bpAt $10k entering Phemex costs 42.5 bp, fee and slippage, 1.4× Variational Omni’s.
- Note: Margin at max leverage$500 + $200Phemex 20x, Variational Omni 50x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
- OK: Same payment interval8h / 8hBoth legs pay at the same time.Next 24h at the current rates, on $10k a leg: $0.00Long Phemex: 3 payments, −$3.00; short Variational Omni: 3 payments, +$3.00.
- Watch: Gap narrower than usual−0.183% vs −0.101%Less room for the price leg to pay you. If it goes back to average, the short loses.
- Watch: Short leg is thinner$521K vs $1.2M OIVariational Omni sets your exit cost. Check its book before closing.
- OK: Points on a legVariational Omni pointsVolume here counts toward the points program.
- Watch: KYCPhemex Yes · Variational 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−0.0092%/8h × 21 periods−$19.32
Price spread−0.183% → −0.101% (7d avg)−$8.20
Slippage, 4 orderslive order books−$121.42
Fee Phemex bp × 2 orders−$12.00
Fee Variational Omni bp × 2 orders$0.00
Net · 7 days · $10k−$160.93
Costs to cover1.334%Break-evennever at this rate
Slippage: Phemex: live order book, 3 min ago; Variational Omni: RFQ quote, 21 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGPhemex2.1242.5 bp−$42160.7 bp−$1,607doesn’t fitdoesn’t fit
SELL · SHORTVariational Omni6.9530.5 bp−$3154.0 bp−$540doesn’t fitdoesn’t fit
Closing costs about the same again.
| 09-30 01:05 | Reya | Listing | PENDLERUSDPERP no longer reported ($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 |
Reya