PENDLE

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0081%/8h= +8.9% APRnext payment +$0.81 per $10,000 · paid last 24h +0.051%

Price spread now: KuCoin against Variational Omni+0.007%7-day average +0.036% · you sell dearer than you buy

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

Long on Variational Omni Short on KuCoin

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−0.012%−$1 · spread now +0.007%, 7d avg +0.036%

Together, before fees+0.090%+ Points / potential airdropVariational Omni: Active · farm board+$9 on $10k · with fees, hour by hour

Funding pays, the price is against you. KuCoin is 0.029% cheaper against Variational Omni than usual: you would sell low and buy high (spread +0.007% now, against its 7-day average of +0.036%). If the spread goes back, that is −$3 on $10k: about 28 hours of funding at the current rate (+$2 a day).

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 37m	$609K	$2.3M	—
Short	KuCoin PENDLEUSDTM	2.5182	0.0100	get 0.0100% / 8h	2h 37m	$913K	$608K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now +0.007%Rate

Funding earned: $17.06
Price spread: +0.007% → +0.036%: −$2.86
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee KuCoin: 6 bp × 2 orders: −$12
Net: $2.2
Costs to cover: 0.120%
Break-even: 6.1 days

Slippage unknown: Variational Omni: RFQ quote, 2 min ago; KuCoin: live order book, 46 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	50.6 bp −$506	doesn't fit	doesn't fit
Sell KuCoin live order book, 46 min ago	5.91 bp	doesn't fit	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	−0.4806%	1h	2.4860	−1.271%	$2K	$7K	5.5x	as long as short
Kraken Futures PF_PENDLEUSD	−0.0429%	1h	2.5248	+0.271%	$150K	$279K	20x	as long as short
dYdX PENDLE-USD	0.0000%	1h	2.5179	−0.003%	$11K	—	5x	as long as short
Deribit PENDLE_USDC-PERPETUAL	0.0000%	1h	2.5210	+0.119%	$30K	$10K	10x	as long as short
Variational Omni PENDLElong	+0.0019%	8h	2.5180	long leg	$609K	$2.3M	—
Reya PENDLERUSDPERP	+0.0035%	1h	2.5188	+0.031%	$4K	—	15x	as long as short
Orderly PERP_PENDLE_USDC	+0.0036%	8h	2.5199	+0.075%	$23K	$8K	10x	as long as short
Extended PENDLE-USD	+0.0040%	1h	2.5175	−0.021%	$165K	$524K	10x	as long as short
MEXC PENDLE_USDT	+0.0042%	8h	2.5188	+0.031%	$16.9M	$2.2M	125x	as long as short
Binance PENDLEUSDT	+0.0042%	8h	2.5186	+0.024%	$27.4M	$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-USDT	+0.0070%	8h	2.5144	−0.143%	$1.3M	$743K	75x	as long as short
Aevo PENDLE-PERP	+0.0088%	1h	2.5187	+0.029%	$26K	—	3x	as long as short
Lighter PENDLE	+0.0096%	1h	2.5179	−0.004%	$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	2.5226	+0.182%	$12.4M	$5.6M	5x	as long as short
Aster PENDLEUSDT	+0.0100%	8h	2.5191	+0.042%	$41K	$177K	10x	as long as short
Bybit PENDLEUSDT	+0.0100%	8h	2.5170	−0.040%	$15.6M	$12.2M	50x	as long as short
OKX PENDLE-USDT-SWAP	+0.0100%	4h	2.5210	+0.119%	$3.3M	$5.7M	50x	as long as short
Gate PENDLE_USDT	+0.0100%	8h	2.5180	−0.001%	$846K	$1.1M	75x	as long as short
KuCoin PENDLEUSDTMshort	+0.0100%	8h	2.5182	+0.007%	$913K	$608K	50x
Bitget PENDLEUSDT	+0.0100%	8h	2.5183	+0.011%	$3.7M	$2.6M	75x	as long as short
BingX PENDLE-USDT	+0.0100%	8h	2.5182	+0.007%	—	$36.3M	—	as long as short
edgeX PENDLEUSDC	+0.0100%	4h	2.5153	−0.109%	$25K	$412K	10x	as long as short
GRVT PENDLE_USDT_Perp	+0.0100%	8h	2.5192	+0.046%	$416K	$1.6M	10x	as long as short
ApeX Omni PENDLEUSDT	+0.0100%	1h	2.5192	+0.047%	$77K	$240K	50x	as long as short
Polymarket Perps PENDLE-USD	+0.0100%	1h	2.5214	+0.135%	$16K	$19K	5x	as long as short
SunX PENDLE-USDT	+0.0100%	8h	2.5214	+0.135%	$1K	$1.7M	20x	as long as short
GMX PENDLE/USD [PENDLE-USDC]	L +0.0200% / S −0.0277%	1h	2.5202	+0.087%	$5K	—	100x	as long as short
Coinbase International PENDLE-PERP-INTX	+0.0560%	1h	2.5220	+0.158%	$117K	$431K	25x	as long as short
Backpack PENDLE_USDC_PERP	+0.0817%	1h	2.5218	+0.150%	$365K	$465K	15x	as long as short