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 +0.030%

Price spread now: GRVT against Variational Omni−0.088%89s7-day average −0.001% · you buy dearer than you sell

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

Long on Variational Omni Short on GRVT

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.079%+$8 on $10k

Price spread, last 3 days (all we have)+0.140%+$14 · spread now −0.088%, 7d avg −0.001%

Together, before fees+0.219%+ Points / potential airdropVariational Omni: Active · GRVT: Active · farm board+$22 on $10k · with fees, hour by hour

Funding pays, the price is against you. GRVT is 0.087% cheaper against Variational Omni than usual: you would sell low and buy high (spread −0.088% now, against its 7-day average of −0.001%). If the spread goes back, that is −$9 on $10k: about 6.2 days of funding at the current rate (+$1 a day). The two prices were read 89 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	2.5054	0.0053	pay 0.0053% / 8h	1h 55m	$615K	$2.1M	—
Short	GRVT PENDLE_USDT_Perp	2.5032	0.0100	get 0.0100% / 8h	1h 55m	$422K	$1.6M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GRVT 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 GRVTbpOrdersPrice spread, now −0.088%Rate

Funding earned: $9.85
Price spread: −0.088% → −0.001%: −$8.68
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee GRVT: 4.5 bp × 2 orders: −$9
Net: −$7.83
Costs to cover: 0.090%
Break-even: 12.6 days

Slippage unknown: Variational Omni: RFQ quote, 3 min ago; GRVT: live order book, 2 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, 3 min ago	4.71 bp	doesn't fit	43.4 bp −$434	doesn't fit	doesn't fit
Sell GRVT live order book, 2 min ago	1.60 bp	19.0 bp −$19	doesn't fit	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	−0.3656%	1h	2.4770	−1.133%	$2K	$53K	5.5x	as long as short
Deribit PENDLE_USDC-PERPETUAL	−0.0068%	1h	2.5113	+0.236%	$30K	$10K	10x	as long as short
dYdX PENDLE-USD	0.0000%	1h	2.5119	+0.259%	$11K	—	5x	as long as short
Orderly PERP_PENDLE_USDC	+0.0032%	8h	2.5108	+0.216%	$20K	$16K	10x	as long as short
Reya PENDLERUSDPERP	+0.0038%	1h	2.5109	+0.221%	$4K	—	15x	as long as short
Extended PENDLE-USD	+0.0040%	1h	2.5115	+0.242%	$165K	$524K	10x	as long as short
MEXC PENDLE_USDT	+0.0043%	8h	2.5101	+0.188%	$16.9M	$2.1M	125x	as long as short
Binance PENDLEUSDT	+0.0043%	8h	2.5111	+0.228%	$27.2M	$39.6M	75x	as long as short
Variational Omni PENDLElong	+0.0053%	8h	2.5054	long leg	$615K	$2.1M	—
BloFin PENDLE-USDT	+0.0068%	8h	2.5140	+0.344%	$1.3M	$732K	75x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
ApeX Omni PENDLEUSDT	+0.0077%	1h	2.5038	−0.063%	$76K	$240K	50x	as long as short
Aevo PENDLE-PERP	+0.0088%	1h	2.5101	+0.187%	$26K	—	3x	as long as short
Lighter PENDLE	+0.0096%	1h	2.5110	+0.224%	$527K	$421K	5x	as long as short
Paradex PENDLE-USD-PERP	+0.0100%	8h	2.5109	+0.219%	$35K	$20K	10x	as long as short
Aster PENDLEUSDT	+0.0100%	8h	2.5119	+0.260%	$41K	$172K	10x	as long as short
Bybit PENDLEUSDT	+0.0100%	8h	2.5100	+0.184%	$15.5M	$11.9M	50x	as long as short
OKX PENDLE-USDT-SWAP	+0.0100%	4h	2.5120	+0.264%	$3.2M	$5.8M	50x	as long as short
Gate PENDLE_USDT	+0.0100%	8h	2.5110	+0.224%	$857K	$1.1M	75x	as long as short
KuCoin PENDLEUSDTM	+0.0100%	8h	2.5117	+0.252%	$895K	$608K	50x	as long as short
Bitget PENDLEUSDT	+0.0100%	8h	2.5110	+0.224%	$3.7M	$2.7M	75x	as long as short
BingX PENDLE-USDT	+0.0100%	8h	2.5111	+0.228%	—	$36.3M	—	as long as short
edgeX PENDLEUSDC	+0.0100%	4h	2.5048	−0.024%	$25K	$409K	10x	as long as short
GRVT PENDLE_USDT_Perpshort	+0.0100%	8h	2.5032	−0.088%	$422K	$1.6M	10x
Polymarket Perps PENDLE-USD	+0.0100%	1h	2.5127	+0.292%	$16K	$19K	5x	as long as short
SunX PENDLE-USDT	+0.0100%	8h	2.5118	+0.256%	$2K	$1.7M	20x	as long as short
GMX PENDLE/USD [PENDLE-USDC]	L +0.0200% / S −0.0277%	1h	2.5112	+0.233%	$5K	—	100x	as long as short
Hyperliquid PENDLE	+0.0232%	1h	2.5147	+0.372%	$12.4M	$5.7M	5x	as long as short
Coinbase International PENDLE-PERP-INTX	+0.0592%	1h	2.5180	+0.503%	$117K	$417K	25x	as long as short
Kraken Futures PF_PENDLEUSD	+0.0749%	1h	2.5161	+0.427%	$150K	$274K	20x	as long as short
Backpack PENDLE_USDC_PERP	+0.1354%	1h	2.5163	+0.436%	$358K	$460K	15x	as long as short