PENDLE

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0055%/8h= +6.0% APRnext payment +$0.55 per $10,000 · paid last 24h +0.014%

Price spread now: Bybit against Variational Omni+0.132%7-day average +0.011% · you sell dearer than you buy

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

Long on Variational Omni Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.033%+$3 on $10k

Price spread, last 7 days−0.095%−$9 · spread now +0.132%, 7d avg +0.011%

Together, before fees−0.062%+ Points / potential airdropVariational Omni: Active · farm board−$6 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Bybit is 0.121% dearer against Variational Omni than usual: you sell high and buy low: +$12 more if the spread goes back to its 7-day average of +0.011%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni PENDLE	2.5177	0.0045	pay 0.0045% / 8h	37m 27s	$590K	$1.9M	—
Short	Bybit PENDLEUSDT	2.5210	0.0100	get 0.0100% / 8h	37m 27s	$15.5M	$11.9M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now +0.132%Rate

Funding earned: $11.47
Price spread: +0.132% → +0.011%: $12.06
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: $12.53
Costs to cover: 0.110%
Break-even: from the start

Slippage unknown: Variational Omni: RFQ quote, 2 min ago; Bybit: live order book, 1 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	4.71 bp	doesn't fit	47.6 bp −$476	doesn't fit	doesn't fit
Sell Bybit live order book, 1 min ago	3.97 bp	16.6 bp −$17	45.6 bp −$456	270.8 bp −$27.1K	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	−0.941%	$2K	$54K	5.5x	as long as short
Deribit PENDLE_USDC-PERPETUAL	−0.0344%	1h	2.5219	+0.167%	$30K	$10K	10x	as long as short
ApeX Omni PENDLEUSDT	−0.0123%	1h	2.5202	+0.100%	$77K	$239K	50x	as long as short
BloFin PENDLE-USDT	−0.0026%	8h	2.5192	+0.060%	$1.3M	$762K	75x	as long as short
Extended PENDLE-USD	−0.0024%	1h	2.5185	+0.031%	$166K	$528K	10x	as long as short
Binance PENDLEUSDT	−0.0023%	8h	2.5211	+0.136%	$27.3M	$41.9M	75x	as long as short
MEXC PENDLE_USDT	−0.0021%	8h	2.5199	+0.088%	$17.1M	$1.9M	125x	as long as short
dYdX PENDLE-USD	0.0000%	1h	2.5218	+0.165%	$11K	—	5x	as long as short
Orderly PERP_PENDLE_USDC	+0.0002%	8h	2.5217	+0.159%	$20K	$16K	10x	as long as short
Reya PENDLERUSDPERP	+0.0044%	1h	2.5217	+0.159%	$4K	—	15x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni PENDLElong	+0.0045%	8h	2.5177	long leg	$590K	$1.9M	—
GRVT PENDLE_USDT_Perp	+0.0054%	8h	2.5216	+0.154%	$418K	$1.6M	10x	as long as short
Aevo PENDLE-PERP	+0.0072%	1h	2.5211	+0.135%	$26K	—	3x	as long as short
Lighter PENDLE	+0.0096%	1h	2.5213	+0.144%	$531K	$415K	5x	as long as short
Paradex PENDLE-USD-PERP	+0.0100%	8h	2.5191	+0.055%	$35K	$18K	10x	as long as short
Aster PENDLEUSDT	+0.0100%	8h	2.5234	+0.226%	$46K	$177K	10x	as long as short
Bybit PENDLEUSDTshort	+0.0100%	8h	2.5210	+0.132%	$15.5M	$11.9M	50x
OKX PENDLE-USDT-SWAP	+0.0100%	4h	2.5200	+0.092%	$3.2M	$6.0M	50x	as long as short
Gate PENDLE_USDT	+0.0100%	8h	2.5200	+0.092%	$783K	$1.2M	75x	as long as short
KuCoin PENDLEUSDTM	+0.0100%	8h	2.5237	+0.239%	$894K	$597K	50x	as long as short
Bitget PENDLEUSDT	+0.0100%	8h	2.5191	+0.056%	$3.7M	$2.7M	75x	as long as short
BingX PENDLE-USDT	+0.0100%	8h	2.5214	+0.148%	—	$35.7M	—	as long as short
edgeX PENDLEUSDC	+0.0100%	4h	2.5196	+0.078%	$25K	$396K	10x	as long as short
Polymarket Perps PENDLE-USD	+0.0100%	1h	2.5246	+0.275%	$16K	$20K	5x	as long as short
SunX PENDLE-USDT	+0.0100%	8h	2.5219	+0.167%	$2K	$1.8M	20x	as long as short
GMX PENDLE/USD [PENDLE-USDC]	L +0.0199% / S −0.0256%	1h	2.5227	+0.201%	$5K	—	100x	as long as short
Hyperliquid PENDLE	+0.0203%	1h	2.5267	+0.360%	$12.7M	$6.1M	5x	as long as short
Kraken Futures PF_PENDLEUSD	+0.0594%	1h	2.5256	+0.315%	$120K	$299K	20x	as long as short
Coinbase International PENDLE-PERP-INTX	+0.0600%	1h	2.5340	+0.648%	$141K	$458K	25x	as long as short
Backpack PENDLE_USDC_PERP	+0.0888%	1h	2.5258	+0.322%	$329K	$491K	15x	as long as short