PENDLE

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0047%/8h= +5.1% APRnext payment +$0.47 per $10,000 · paid last 24h +0.051%

Price spread now: Bitget against Variational Omni−0.022%7-day average −0.016% · you buy dearer than you sell

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

Long on Variational Omni Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.102%+$10 on $10k

Price spread, last 7 days−0.044%−$4 · spread now −0.022%, 7d avg −0.016%

Together, before fees+0.058%+ Points / potential airdropVariational Omni: Active · farm board+$6 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.016%, so right now this pair is about funding alone: +$1 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni PENDLE	2.5229	0.0053	pay 0.0053% / 8h	2h 18m	$621K	$2.3M	—
Short	Bitget PENDLEUSDT	2.5223	0.0100	get 0.0100% / 8h	2h 18m	$3.7M	$2.6M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now −0.022%Rate

Funding earned: $9.81
Price spread: −0.022% → −0.016%: −$0.66
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$2.85
Costs to cover: 0.120%
Break-even: 9.0 days

Slippage unknown: Variational Omni: RFQ quote, just now; Bitget: live order book, 4 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, just now	6.69 bp	doesn't fit	106.5 bp −$1,065	doesn't fit	doesn't fit
Sell Bitget live order book, 4 min ago	3.76 bp	21.1 bp −$21	48.2 bp −$482	doesn't fit	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	−0.4806%	1h	2.5210	−0.074%	$49K	$30K	5.5x	as long as short
Kraken Futures PF_PENDLEUSD	−0.0428%	1h	2.5282	+0.213%	$150K	$279K	20x	as long as short
Deribit PENDLE_USDC-PERPETUAL	−0.0186%	1h	2.5229	+0.002%	$30K	$10K	10x	as long as short
dYdX PENDLE-USD	0.0000%	1h	2.5229	+0.003%	$11K	—	5x	as long as short
Orderly PERP_PENDLE_USDC	+0.0035%	8h	2.5227	−0.006%	$25K	$11K	10x	as long as short
Reya PENDLERUSDPERP	+0.0036%	1h	2.5229	+0.003%	$4K	—	15x	as long as short
Extended PENDLE-USD	+0.0048%	1h	2.5207	−0.085%	$166K	$524K	10x	as long as short
Binance PENDLEUSDT	+0.0049%	8h	2.5211	−0.069%	$27.4M	$39.3M	75x	as long as short
MEXC PENDLE_USDT	+0.0051%	8h	2.5210	−0.074%	$17.0M	$2.3M	125x	as long as short
Variational Omni PENDLElong	+0.0053%	8h	2.5229	long leg	$621K	$2.3M	—

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BloFin PENDLE-USDT	+0.0069%	8h	2.5221	−0.030%	$1.3M	$747K	75x	as long as short
Lighter PENDLE	+0.0096%	1h	2.5220	−0.034%	$548K	$396K	5x	as long as short
Aevo PENDLE-PERP	+0.0096%	1h	2.5222	−0.026%	$26K	—	3x	as long as short
Paradex PENDLE-USD-PERP	+0.0100%	8h	2.5208	−0.080%	$35K	$22K	10x	as long as short
Hyperliquid PENDLE	+0.0100%	1h	2.5251	+0.089%	$12.4M	$5.6M	5x	as long as short
Aster PENDLEUSDT	+0.0100%	8h	2.5215	−0.056%	$41K	$177K	10x	as long as short
Bybit PENDLEUSDT	+0.0100%	8h	2.5200	−0.113%	$15.6M	$12.1M	50x	as long as short
OKX PENDLE-USDT-SWAP	+0.0100%	4h	2.5220	−0.034%	$3.3M	$5.7M	50x	as long as short
Gate PENDLE_USDT	+0.0100%	8h	2.5230	+0.006%	$842K	$1.1M	75x	as long as short
KuCoin PENDLEUSDTM	+0.0100%	8h	2.5240	+0.045%	$918K	$611K	50x	as long as short
Bitget PENDLEUSDTshort	+0.0100%	8h	2.5223	−0.022%	$3.7M	$2.6M	75x
BingX PENDLE-USDT	+0.0100%	8h	2.5219	−0.038%	—	$36.3M	—	as long as short
edgeX PENDLEUSDC	+0.0100%	4h	2.5246	+0.069%	$25K	$411K	10x	as long as short
GRVT PENDLE_USDT_Perp	+0.0100%	8h	2.5266	+0.150%	$426K	$1.6M	10x	as long as short
ApeX Omni PENDLEUSDT	+0.0100%	1h	2.5236	+0.029%	$77K	$240K	50x	as long as short
Polymarket Perps PENDLE-USD	+0.0100%	1h	2.5240	+0.045%	$16K	$19K	5x	as long as short
SunX PENDLE-USDT	+0.0100%	8h	2.5230	+0.006%	$2K	$1.7M	20x	as long as short
GMX PENDLE/USD [PENDLE-USDC]	L +0.0200% / S −0.0277%	1h	2.5234	+0.021%	$5K	—	100x	as long as short
Coinbase International PENDLE-PERP-INTX	+0.0560%	1h	2.5360	+0.521%	$117K	$428K	25x	as long as short
Backpack PENDLE_USDC_PERP	+0.0844%	1h	2.5274	+0.180%	$365K	$464K	15x	as long as short