PENDLE

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0129%/8h= −14.1% APRnext payment −$1.29 per $10,000 · paid last 24h −0.003%

Price spread now: MEXC against SunX+0.028%7-day average −0.015% · you sell dearer than you buy

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

Long on SunX Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days−0.070%−$7 on $10k

Price spread, last 3 days (all we have)+0.011%+$1 · spread now +0.028%, 7d avg −0.015%

Together, before fees−0.058%−$6 on $10k · with fees, hour by hour

The price spread pays, funding is against you. MEXC is 0.043% dearer against SunX than usual: you sell high and buy low (spread +0.028% now, against its 7-day average of −0.015%): +$4 on $10k if it goes back. Holding the pair costs −$4 a day in funding at the current rate, which eats that in about 27 hours. At the pace of the last 7 days (−0.070% in total) that is about 4.4 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX PENDLE-USDT	2.5197	0.0100	pay 0.0100% / 8h	31m 14s	$2K	$1.8M	20x
Short	MEXC PENDLE_USDT	2.5204	−0.0029	pay 0.0029% / 8h	31m 14s	$17.1M	$1.9M	125x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC against SunX. 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 SunXbpFee MEXCbpOrdersPrice spread, now +0.028%Rate

Funding earned: −$27.09
Price spread: +0.028% → −0.015%: $4.32
Slippage, 4 orders: no order book: not counted
Fee SunX: 4 bp × 2 orders: −$8
Fee MEXC: 2 bp × 2 orders: −$4
Net: −$34.77
Costs to cover: 0.120%
Break-even: never at this rate

Slippage unknown: SunX: live order book, 4 min ago; 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 SunX live order book, 4 min ago	500.17 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell MEXC live order book, 2 min ago	0.59 bp	6.0 bp −$6	28.0 bp −$280	91.1 bp −$9,106	doesn't fit

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	−1.020%	$2K	$54K	5.5x	as long as short
Deribit PENDLE_USDC-PERPETUAL	−0.0424%	1h	2.5213	+0.063%	$30K	$10K	10x	as long as short
ApeX Omni PENDLEUSDT	−0.0061%	1h	2.5232	+0.139%	$77K	$240K	50x	as long as short
Extended PENDLE-USD	−0.0032%	1h	2.5173	−0.097%	$166K	$528K	10x	as long as short
Binance PENDLEUSDT	−0.0029%	8h	2.5205	+0.032%	$27.2M	$42.0M	75x	as long as short
MEXC PENDLE_USDTshort	−0.0029%	8h	2.5204	+0.028%	$17.1M	$1.9M	125x
BloFin PENDLE-USDT	−0.0019%	8h	2.5189	−0.032%	$1.3M	$752K	75x	as long as short
Orderly PERP_PENDLE_USDC	−0.0002%	8h	2.5199	+0.008%	$20K	$16K	10x	as long as short
dYdX PENDLE-USD	0.0000%	1h	2.5242	+0.177%	$11K	—	5x	as long as short
Variational Omni PENDLE	+0.0040%	8h	2.5182	−0.059%	$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
Reya PENDLERUSDPERP	+0.0045%	1h	2.5207	+0.041%	$4K	—	15x	as long as short
GRVT PENDLE_USDT_Perp	+0.0047%	8h	2.5223	+0.102%	$418K	$1.6M	10x	as long as short
Aevo PENDLE-PERP	+0.0072%	1h	2.5191	−0.022%	$26K	—	3x	as long as short
Lighter PENDLE	+0.0096%	1h	2.5182	−0.060%	$530K	$415K	5x	as long as short
Paradex PENDLE-USD-PERP	+0.0100%	8h	2.5197	−0.001%	$35K	$18K	10x	as long as short
Aster PENDLEUSDT	+0.0100%	8h	2.5225	+0.111%	$46K	$177K	10x	as long as short
Bybit PENDLEUSDT	+0.0100%	8h	2.5190	−0.028%	$15.5M	$11.9M	50x	as long as short
OKX PENDLE-USDT-SWAP	+0.0100%	4h	2.5190	−0.028%	$3.2M	$6.1M	50x	as long as short
Gate PENDLE_USDT	+0.0100%	8h	2.5220	+0.091%	$783K	$1.2M	75x	as long as short
KuCoin PENDLEUSDTM	+0.0100%	8h	2.5238	+0.163%	$893K	$600K	50x	as long as short
Bitget PENDLEUSDT	+0.0100%	8h	2.5206	+0.036%	$3.7M	$2.7M	75x	as long as short
BingX PENDLE-USDT	+0.0100%	8h	2.5205	+0.032%	—	$35.7M	—	as long as short
edgeX PENDLEUSDC	+0.0100%	4h	2.5230	+0.129%	$25K	$397K	10x	as long as short
Polymarket Perps PENDLE-USD	+0.0100%	1h	2.5234	+0.147%	$16K	$20K	5x	as long as short
SunX PENDLE-USDTlong	+0.0100%	8h	2.5197	long leg	$2K	$1.8M	20x
GMX PENDLE/USD [PENDLE-USDC]	L +0.0199% / S −0.0256%	1h	2.5232	+0.140%	$5K	—	100x	as long as short
Hyperliquid PENDLE	+0.0252%	1h	2.5265	+0.270%	$12.7M	$6.1M	5x	as long as short
Kraken Futures PF_PENDLEUSD	+0.0595%	1h	2.5242	+0.180%	$119K	$299K	20x	as long as short
Coinbase International PENDLE-PERP-INTX	+0.0600%	1h	2.5340	+0.568%	$141K	$458K	25x	as long as short
Backpack PENDLE_USDC_PERP	+0.0805%	1h	2.5261	+0.254%	$330K	$491K	15x	as long as short