PENDLE

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0161%/8h= −17.6% APRnext payment −$0.20 per $10,000 · paid last 24h −0.003%

Price spread now: ApeX Omni against Polymarket Perps−0.135%7-day average — · you buy dearer than you sell

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

Long on Polymarket Perps Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days+0.008%+$1 on $10k

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

Together, before fees—needs both histories

Both sides work against this trade now: funding costs −$5 a day on $10k at the current rate, and ApeX Omni is 0.135% cheaper against Polymarket Perps than usual: you would sell low and buy high (−$13 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Polymarket Perps PENDLE-USD	2.5266	0.0100	pay 0.0013% / 1h	28m 57s	$16K	$20K	5x
Short	ApeX Omni PENDLEUSDT	2.5232	−0.0061	pay 0.0008% / 1h	28m 57s	$77K	$240K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against Polymarket Perps. 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 Polymarket PerpsbpFee ApeX OmnibpOrdersPrice spread, now −0.135%Rate

Funding earned: −$33.72
Price spread: −0.135% → 0.000%: −$13.46
Slippage, 4 orders: no order book: not counted
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$65.17
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: Polymarket Perps: no order-book sample; ApeX Omni: live order book, 47 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 Polymarket Perps no order-book sample	—	—	—	—	—
Sell ApeX Omni live order book, 47 min ago	6.83 bp	14.6 bp −$15	104.6 bp −$1,046	doesn't fit	doesn't fit

Polymarket Perps: 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	−0.5000%	1h	2.4940	−1.290%	$2K	$54K	5.5x	as long as short
ApeX Omni PENDLEUSDTshort	−0.0061%	1h	2.5232	−0.135%	$77K	$240K	50x
BloFin PENDLE-USDT	−0.0046%	8h	2.5256	−0.040%	$1.3M	$754K	75x	as long as short
Binance PENDLEUSDT	−0.0034%	8h	2.5275	+0.037%	$27.3M	$42.0M	75x	as long as short
Extended PENDLE-USD	−0.0032%	1h	2.5260	−0.023%	$166K	$528K	10x	as long as short
MEXC PENDLE_USDT	−0.0031%	8h	2.5278	+0.047%	$17.1M	$1.9M	125x	as long as short
Deribit PENDLE_USDC-PERPETUAL	−0.0027%	1h	2.5273	+0.028%	$30K	$10K	10x	as long as short
Orderly PERP_PENDLE_USDC	−0.0003%	8h	2.5272	+0.024%	$20K	$16K	10x	as long as short
dYdX PENDLE-USD	0.0000%	1h	2.5217	−0.194%	$11K	—	5x	as long as short
Variational Omni PENDLE	+0.0040%	8h	2.5182	−0.332%	$594K	$1.9M	—	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT PENDLE_USDT_Perp	+0.0044%	8h	2.5188	−0.309%	$417K	$1.6M	10x	as long as short
Reya PENDLERUSDPERP	+0.0045%	1h	2.5255	−0.042%	$4K	—	15x	as long as short
Aevo PENDLE-PERP	+0.0072%	1h	2.5258	−0.032%	$26K	—	3x	as long as short
Lighter PENDLE	+0.0096%	1h	2.5261	−0.020%	$532K	$416K	5x	as long as short
Paradex PENDLE-USD-PERP	+0.0100%	8h	2.5196	−0.279%	$35K	$18K	10x	as long as short
Aster PENDLEUSDT	+0.0100%	8h	2.5247	−0.077%	$46K	$177K	10x	as long as short
Bybit PENDLEUSDT	+0.0100%	8h	2.5260	−0.024%	$15.6M	$11.9M	50x	as long as short
OKX PENDLE-USDT-SWAP	+0.0100%	4h	2.5260	−0.024%	$3.3M	$6.1M	50x	as long as short
Gate PENDLE_USDT	+0.0100%	8h	2.5210	−0.222%	$783K	$1.2M	75x	as long as short
KuCoin PENDLEUSDTM	+0.0100%	8h	2.5267	+0.004%	$895K	$600K	50x	as long as short
Bitget PENDLEUSDT	+0.0100%	8h	2.5256	−0.040%	$3.8M	$2.7M	75x	as long as short
BingX PENDLE-USDT	+0.0100%	8h	2.5269	+0.012%	—	$35.7M	—	as long as short
edgeX PENDLEUSDC	+0.0100%	4h	2.5230	−0.144%	$25K	$397K	10x	as long as short
Polymarket Perps PENDLE-USDlong	+0.0100%	1h	2.5266	long leg	$16K	$20K	5x
SunX PENDLE-USDT	+0.0100%	8h	2.5254	−0.047%	$2K	$1.8M	20x	as long as short
GMX PENDLE/USD [PENDLE-USDC]	L +0.0199% / S −0.0256%	1h	2.5276	+0.040%	$5K	—	100x	as long as short
Hyperliquid PENDLE	+0.0300%	1h	2.5330	+0.253%	$12.8M	$6.2M	5x	as long as short
Kraken Futures PF_PENDLEUSD	+0.0593%	1h	2.5324	+0.231%	$120K	$299K	20x	as long as short
Coinbase International PENDLE-PERP-INTX	+0.0600%	1h	2.5340	+0.293%	$141K	$458K	25x	as long as short
Backpack PENDLE_USDC_PERP	+0.0771%	1h	2.5319	+0.210%	$334K	$492K	15x	as long as short