PENDLE

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0092%/8h= −10.1% APRnext payment −$0.92 per $10,000 · paid last 24h +0.041%

Price spread now: Binance against Variational Omni−0.119%7-day average +0.070% · you buy dearer than you sell

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

Long on Variational Omni Short on Binance

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.086%+$9 on $10k

Price spread, last 7 days+0.198%+$20 · spread now −0.119%, 7d avg +0.070%

Together, before fees+0.285%+ Points / potential airdropVariational Omni: Active · farm board+$28 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Binance is 0.188% cheaper against Variational Omni than usual: you would sell low and buy high (−$19 if the spread goes back to its 7-day average of +0.070%). Swap the legs. Mind the row above: over the last 3 days funding on this pair paid +0.086%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni PENDLE	2.5105	−0.0040	get 0.0040% / 8h	6h 11m	$613K	$1.8M	—
Short	Binance PENDLEUSDT	2.5076	−0.0132	pay 0.0132% / 8h	6h 11m	$27.0M	$43.4M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Variational Omni. 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 Variational OmnibpFee BinancebpOrdersPrice spread, now −0.119%Rate

Funding earned: −$19.36
Price spread: −0.119% → +0.070%: −$18.82
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Binance: 5 bp × 2 orders: −$10
Net: −$48.17
Costs to cover: 0.100%
Break-even: never at this rate

Slippage unknown: Variational Omni: RFQ quote, 2 min ago; Binance: live order book, 15 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 Variational Omni RFQ quote, 2 min ago	6.71 bp	doesn't fit	48.7 bp −$487	doesn't fit	doesn't fit
Sell Binance live order book, 15 min ago	0.60 bp	13.3 bp −$13	28.9 bp −$289	doesn't fit	doesn't fit

PENDLE on 29 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	2.4870	−0.937%	$2K	$54K	5.5x	as long as short
Deribit PENDLE_USDC-PERPETUAL	−0.0308%	1h	2.5085	−0.081%	$26K	$14K	10x	as long as short
Binance PENDLEUSDTshort	−0.0132%	8h	2.5076	−0.119%	$27.0M	$43.4M	75x
Extended PENDLE-USD	−0.0128%	1h	2.5071	−0.138%	$163K	$570K	10x	as long as short
MEXC PENDLE_USDT	−0.0128%	8h	2.5100	−0.021%	$17.4M	$1.8M	125x	as long as short
GRVT PENDLE_USDT_Perp	−0.0121%	8h	2.5122	+0.067%	$422K	$1.7M	10x	as long as short
ApeX Omni PENDLEUSDT	−0.0104%	1h	2.5124	+0.074%	$77K	$235K	50x	as long as short
Variational Omni PENDLElong	−0.0040%	8h	2.5105	long leg	$613K	$1.8M	—
Orderly PERP_PENDLE_USDC	−0.0038%	8h	2.5074	−0.125%	$20K	$16K	10x	as long as short
Aster PENDLEUSDT	−0.0037%	8h	2.5115	+0.037%	$50K	$181K	10x	as long as short

Show all 29 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate PENDLE_USDT	−0.0036%	8h	2.5070	−0.141%	$762K	$1.2M	75x	as long as short
Bybit PENDLEUSDT	−0.0022%	8h	2.5070	−0.141%	$15.2M	$12.0M	50x	as long as short
dYdX PENDLE-USD	0.0000%	1h	2.5120	+0.058%	$11K	—	5x	as long as short
Aevo PENDLE-PERP	+0.0048%	1h	2.5072	−0.135%	$26K	—	3x	as long as short
Reya PENDLERUSDPERP	+0.0056%	1h	2.5068	−0.150%	$4K	—	15x	as long as short
Lighter PENDLE	+0.0096%	1h	2.5088	−0.069%	$534K	$416K	5x	as long as short
Paradex PENDLE-USD-PERP	+0.0100%	8h	2.5057	−0.191%	$35K	$16K	10x	as long as short
Hyperliquid PENDLE	+0.0100%	1h	2.5126	+0.082%	$12.9M	$6.4M	5x	as long as short
OKX PENDLE-USDT-SWAP	+0.0100%	4h	2.5060	−0.181%	$3.2M	$6.2M	50x	as long as short
KuCoin PENDLEUSDTM	+0.0100%	8h	2.5098	−0.029%	$867K	$593K	50x	as long as short
Bitget PENDLEUSDT	+0.0100%	8h	2.5079	−0.105%	$3.8M	$2.5M	75x	as long as short
BingX PENDLE-USDT	+0.0100%	8h	2.5078	−0.109%	—	$33.6M	—	as long as short
edgeX PENDLEUSDC	+0.0100%	4h	2.5110	+0.018%	$25K	$381K	10x	as long as short
Polymarket Perps PENDLE-USD	+0.0100%	1h	2.5088	−0.069%	$16K	$20K	5x	as long as short
SunX PENDLE-USDT	+0.0100%	8h	2.5090	−0.061%	$2K	$1.8M	20x	as long as short
GMX PENDLE/USD [PENDLE-USDC]	L +0.0158% / S −0.0256%	1h	2.5094	−0.046%	$7K	—	100x	as long as short
Backpack PENDLE_USDC_PERP	+0.0407%	1h	2.5129	+0.094%	$352K	$482K	15x	as long as short
Coinbase International PENDLE-PERP-INTX	+0.0632%	1h	2.5260	+0.616%	$145K	$473K	25x	as long as short
Kraken Futures PF_PENDLEUSD	+0.0867%	1h	2.5132	+0.104%	$117K	$289K	20x	as long as short