Funding you earn now, next payment 08:00 UTC+0.0133%/8h= +14.6% APRnext payment +$1.33 per $10,000 · paid last 24h +0.059%
Price spread now: BingX against Variational Omni−0.058%7-day average +0.035% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)+0.111%+$11 on $10k
+Price spread, last 7 days+0.125%+$12 · spread now −0.058%, 7d avg +0.035%
=Together, before fees+0.236%+ Points / potential airdropVariational Omni: Active · farm board+$24 on $10k · with fees, hour by hour
Funding pays, the price is against you. BingX is 0.093% cheaper against Variational Omni than usual: you would sell low and buy high (spread −0.058% now, against its 7-day average of +0.035%). If the spread goes back, that is −$9 on $10k: about 2.3 days of funding at the current rate (+$4 a day).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Variational Omni PENDLE | 2.5101 | −0.0033 | get 0.0033% / 8h | 6h 56m | $599K | $1.8M | — |
| Short | BingX PENDLE-USDT | 2.5086 | 0.0100 | get 0.0100% / 8h | 6h 56m | — | $33.8M | — |
Variational Omni PENDLE
BingX PENDLE-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BingX 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 itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $28.01
- Price spread: −0.058% → +0.035%
- −$9.28
- Slippage, 4 orders
- no order book: not counted
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- $8.74
- Costs to cover
- 0.100%
- Break-even
- 4.8 days
Slippage unknown: Variational Omni: RFQ quote, 2 min ago; BingX: live order book, 12 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 | 6.70 bp | doesn't fit | 46.8 bp −$468 | doesn't fit | doesn't fit |
| Sell BingX live order book, 12 min ago | 3.55 bp | 13.2 bp −$13 | 26.6 bp −$266 | 174.7 bp −$17.5K | 423.4 bp −$211.7K |
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 | −0.4742% | 1h | 2.4850 | −0.998% | $2K | $54K | 5.5x | as long as short |
| Deribit PENDLE_USDC-PERPETUAL | −0.0823% | 1h | 2.5143 | +0.169% | $26K | $14K | 10x | as long as short |
| Bybit PENDLEUSDT | −0.0184% | 8h | 2.5050 | −0.202% | $15.3M | $12.0M | 50x | as long as short |
| GRVT PENDLE_USDT_Perp | −0.0145% | 8h | 2.5176 | +0.302% | $416K | $1.7M | 10x | as long as short |
| ApeX Omni PENDLEUSDT | −0.0142% | 1h | 2.5174 | +0.292% | $77K | $237K | 50x | as long as short |
| Extended PENDLE-USD | −0.0112% | 1h | 2.5068 | −0.130% | $163K | $565K | 10x | as long as short |
| Binance PENDLEUSDT | −0.0110% | 8h | 2.5072 | −0.112% | $27.1M | $43.0M | 75x | as long as short |
| MEXC PENDLE_USDT | −0.0110% | 8h | 2.5079 | −0.086% | $17.0M | $1.7M | 125x | as long as short |
| BloFin PENDLE-USDT | −0.0096% | 8h | 2.5118 | +0.069% | $1.3M | $653K | 75x | as long as short |
| Variational Omni PENDLElong | −0.0033% | 8h | 2.5101 | long leg | $599K | $1.8M | — |
Injective PENDLE/USDC PERP
Deribit PENDLE_USDC-PERPETUAL
Bybit PENDLEUSDT
GRVT PENDLE_USDT_Perp
ApeX Omni PENDLEUSDT
Extended PENDLE-USD
Binance PENDLEUSDT
MEXC PENDLE_USDT
BloFin PENDLE-USDTShow all 30 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Orderly PERP_PENDLE_USDC | −0.0028% | 8h | 2.5133 | +0.129% | $20K | $16K | 10x | as long as short |
| dYdX PENDLE-USD | 0.0000% | 1h | 2.5179 | +0.312% | $11K | — | 5x | as long as short |
| Aster PENDLEUSDT | +0.0017% | 8h | 2.5119 | +0.072% | $50K | $181K | 10x | as long as short |
| Reya PENDLERUSDPERP | +0.0052% | 1h | 2.5146 | +0.182% | $4K | — | 15x | as long as short |
| Aevo PENDLE-PERP | +0.0056% | 1h | 2.5151 | +0.202% | $26K | — | 3x | as long as short |
| Lighter PENDLE | +0.0096% | 1h | 2.5055 | −0.182% | $533K | $414K | 5x | as long as short |
| Paradex PENDLE-USD-PERP | +0.0100% | 8h | 2.5153 | +0.209% | $35K | $16K | 10x | as long as short |
| OKX PENDLE-USDT-SWAP | +0.0100% | 4h | 2.5050 | −0.202% | $3.2M | $6.0M | 50x | as long as short |
| Gate PENDLE_USDT | +0.0100% | 8h | 2.5120 | +0.077% | $785K | $1.2M | 75x | as long as short |
| KuCoin PENDLEUSDTM | +0.0100% | 8h | 2.5115 | +0.057% | $854K | $591K | 50x | as long as short |
| Bitget PENDLEUSDT | +0.0100% | 8h | 2.5046 | −0.218% | $3.8M | $2.5M | 75x | as long as short |
| BingX PENDLE-USDTshort | +0.0100% | 8h | 2.5086 | −0.058% | — | $33.8M | — | |
| edgeX PENDLEUSDC | +0.0100% | 4h | 2.5160 | +0.236% | $25K | $379K | 10x | as long as short |
| Polymarket Perps PENDLE-USD | +0.0100% | 1h | 2.5176 | +0.300% | $16K | $20K | 5x | as long as short |
| SunX PENDLE-USDT | +0.0100% | 8h | 2.5138 | +0.149% | $1K | $1.8M | 20x | as long as short |
| GMX PENDLE/USD [PENDLE-USDC] | L +0.0158% / S −0.0256% | 1h | 2.5151 | +0.202% | $7K | — | 100x | as long as short |
| Hyperliquid PENDLE | +0.0307% | 1h | 2.5109 | +0.033% | $12.9M | $6.4M | 5x | as long as short |
| Backpack PENDLE_USDC_PERP | +0.0544% | 1h | 2.5145 | +0.177% | $352K | $486K | 15x | as long as short |
| Coinbase International PENDLE-PERP-INTX | +0.0632% | 1h | 2.5190 | +0.356% | $144K | $466K | 25x | as long as short |
| Kraken Futures PF_PENDLEUSD | +0.0866% | 1h | 2.5177 | +0.306% | $117K | $291K | 20x | as long as short |
Orderly PERP_PENDLE_USDC
dYdX PENDLE-USD
Aster PENDLEUSDT
Reya PENDLERUSDPERP
Aevo PENDLE-PERP
Lighter PENDLE
Paradex PENDLE-USD-PERP
OKX PENDLE-USDT-SWAP
Gate PENDLE_USDT
KuCoin PENDLEUSDTM
Bitget PENDLEUSDT
edgeX PENDLEUSDC
Polymarket Perps PENDLE-USD
SunX PENDLE-USDT
GMX PENDLE/USD [PENDLE-USDC]
Hyperliquid PENDLE
Backpack PENDLE_USDC_PERP
Coinbase International PENDLE-PERP-INTX
Kraken Futures PF_PENDLEUSD