PENDLE

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0046%/8h= +5.0% APRnext payment +$0.46 per $10,000 · paid last 24h +0.046%

Price spread now: BloFin against Variational Omni+0.051%71s7-day average +0.044% · you sell dearer than you buy

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

Long on Variational Omni Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.091%+$9 on $10k

Price spread, last 3 days (all we have)+0.281%+$28 · spread now +0.051%, 7d avg +0.044%

Together, before fees+0.372%+ Points / potential airdropVariational Omni: Active · farm board+$37 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.044%, so right now this pair is about funding alone: +$1 a day on $10k at the current rate. The two prices were read 71 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni PENDLE	2.5180	0.0019	pay 0.0019% / 8h	2h 39m	$609K	$2.3M	—
Short	BloFin PENDLE-USDT	2.5193	0.0065	get 0.0065% / 8h	2h 39m	$1.3M	$769K	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin against Variational Omni. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 BloFinbpOrdersPrice spread, now +0.051%Rate

Funding earned: $9.61
Price spread: +0.051% → +0.044%: $0.75
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$1.64
Costs to cover: 0.120%
Break-even: 8.2 days

Slippage unknown: Variational Omni: RFQ quote, 4 min ago; BloFin: live order book, 3 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, 4 min ago	6.71 bp	doesn't fit	54.7 bp −$547	doesn't fit	doesn't fit
Sell BloFin live order book, 3 min ago	0.40 bp	13.1 bp −$13	25.4 bp −$254	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	2.4860	−1.271%	$2K	$7K	5.5x	as long as short
Kraken Futures PF_PENDLEUSD	−0.0429%	1h	2.5250	+0.278%	$150K	$279K	20x	as long as short
Deribit PENDLE_USDC-PERPETUAL	−0.0107%	1h	2.5209	+0.115%	$30K	$10K	10x	as long as short
dYdX PENDLE-USD	0.0000%	1h	2.5215	+0.138%	$11K	—	5x	as long as short
Variational Omni PENDLElong	+0.0019%	8h	2.5180	long leg	$609K	$2.3M	—
Reya PENDLERUSDPERP	+0.0034%	1h	2.5207	+0.108%	$4K	—	15x	as long as short
Orderly PERP_PENDLE_USDC	+0.0036%	8h	2.5204	+0.095%	$23K	$8K	10x	as long as short
Extended PENDLE-USD	+0.0040%	1h	2.5167	−0.050%	$165K	$524K	10x	as long as short
MEXC PENDLE_USDT	+0.0042%	8h	2.5196	+0.063%	$16.9M	$2.2M	125x	as long as short
Binance PENDLEUSDT	+0.0043%	8h	2.5196	+0.064%	$27.5M	$39.1M	75x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BloFin PENDLE-USDTshort	+0.0065%	8h	2.5193	+0.051%	$1.3M	$769K	75x
Aevo PENDLE-PERP	+0.0088%	1h	2.5204	+0.097%	$26K	—	3x	as long as short
Lighter PENDLE	+0.0096%	1h	2.5200	+0.079%	$545K	$385K	5x	as long as short
Paradex PENDLE-USD-PERP	+0.0100%	8h	2.5183	+0.012%	$35K	$22K	10x	as long as short
Hyperliquid PENDLE	+0.0100%	1h	2.5230	+0.198%	$12.4M	$5.6M	5x	as long as short
Aster PENDLEUSDT	+0.0100%	8h	2.5206	+0.103%	$41K	$177K	10x	as long as short
Bybit PENDLEUSDT	+0.0100%	8h	2.5180	−0.001%	$15.6M	$12.2M	50x	as long as short
OKX PENDLE-USDT-SWAP	+0.0100%	4h	2.5200	+0.079%	$3.3M	$5.7M	50x	as long as short
Gate PENDLE_USDT	+0.0100%	8h	2.5190	+0.039%	$847K	$1.1M	75x	as long as short
KuCoin PENDLEUSDTM	+0.0100%	8h	2.5203	+0.091%	$913K	$609K	50x	as long as short
Bitget PENDLEUSDT	+0.0100%	8h	2.5173	−0.028%	$3.7M	$2.6M	75x	as long as short
BingX PENDLE-USDT	+0.0100%	8h	2.5185	+0.019%	—	$36.4M	—	as long as short
edgeX PENDLEUSDC	+0.0100%	4h	2.5181	+0.003%	$25K	$414K	10x	as long as short
GRVT PENDLE_USDT_Perp	+0.0100%	8h	2.5123	−0.228%	$422K	$1.6M	10x	as long as short
ApeX Omni PENDLEUSDT	+0.0100%	1h	2.5196	+0.063%	$77K	$239K	50x	as long as short
Polymarket Perps PENDLE-USD	+0.0100%	1h	2.5225	+0.178%	$16K	$19K	5x	as long as short
SunX PENDLE-USDT	+0.0100%	8h	2.5198	+0.071%	$1K	$1.7M	20x	as long as short
GMX PENDLE/USD [PENDLE-USDC]	L +0.0200% / S −0.0277%	1h	2.5211	+0.122%	$5K	—	100x	as long as short
Coinbase International PENDLE-PERP-INTX	+0.0560%	1h	2.5270	+0.357%	$118K	$437K	25x	as long as short
Backpack PENDLE_USDC_PERP	+0.0867%	1h	2.5254	+0.293%	$366K	$465K	15x	as long as short