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: Paradex against Variational Omni−0.104%7-day average — · you buy dearer than you sell

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

Long on Variational Omni Short on Paradex

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropVariational Omni: Active · Paradex: Active · farm boardneeds both histories

Funding pays, the price is against you. Paradex is 0.104% cheaper against Variational Omni than usual: you would sell low and buy high (spread −0.104% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$10 on $10k: about 4.3 days 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 39m	$609K	$2.3M	—
Short	Paradex PENDLE-USD-PERP	2.5154	0.0100	get 0.0100% / 8h	2h 39m	$35K	$22K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paradex 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 ParadexbpOrdersPrice spread, now −0.104%Rate

Funding earned: $17.06
Price spread: −0.104% → 0.000%: −$10.37
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Paradex: 2 bp × 2 orders: −$4
Net: $2.69
Costs to cover: 0.040%
Break-even: 5.9 days

Slippage unknown: Variational Omni: RFQ quote, 5 min ago; Paradex: no order-book sample. 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, 5 min ago	6.71 bp	doesn't fit	54.7 bp −$547	doesn't fit	doesn't fit
Sell Paradex no order-book sample	—	—	—	—	—

Paradex: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	−0.0430%	1h	2.5200	+0.077%	$150K	$279K	20x	as long as short
Deribit PENDLE_USDC-PERPETUAL	−0.0068%	1h	2.5155	−0.100%	$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	+0.0035%	1h	2.5156	−0.097%	$4K	—	15x	as long as short
Orderly PERP_PENDLE_USDC	+0.0036%	8h	2.5153	−0.108%	$23K	$8K	10x	as long as short
Extended PENDLE-USD	+0.0040%	1h	2.5133	−0.186%	$165K	$524K	10x	as long as short
MEXC PENDLE_USDT	+0.0042%	8h	2.5154	−0.104%	$16.9M	$2.2M	125x	as long as short
Binance PENDLEUSDT	+0.0044%	8h	2.5138	−0.167%	$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	2.5145	−0.138%	$26K	—	3x	as long as short
Lighter PENDLE	+0.0096%	1h	2.5160	−0.080%	$544K	$385K	5x	as long as short
Paradex PENDLE-USD-PERPshort	+0.0100%	8h	2.5154	−0.104%	$35K	$22K	10x
Hyperliquid PENDLE	+0.0100%	1h	2.5185	+0.019%	$12.4M	$5.6M	5x	as long as short
Aster PENDLEUSDT	+0.0100%	8h	2.5170	−0.042%	$41K	$177K	10x	as long as short
Bybit PENDLEUSDT	+0.0100%	8h	2.5140	−0.159%	$15.6M	$12.2M	50x	as long as short
OKX PENDLE-USDT-SWAP	+0.0100%	4h	2.5160	−0.080%	$3.3M	$5.7M	50x	as long as short
Gate PENDLE_USDT	+0.0100%	8h	2.5180	−0.001%	$847K	$1.1M	75x	as long as short
KuCoin PENDLEUSDTM	+0.0100%	8h	2.5173	−0.028%	$912K	$609K	50x	as long as short
Bitget PENDLEUSDT	+0.0100%	8h	2.5126	−0.215%	$3.7M	$2.6M	75x	as long as short
BingX PENDLE-USDT	+0.0100%	8h	2.5167	−0.052%	—	$36.4M	—	as long as short
edgeX PENDLEUSDC	+0.0100%	4h	2.5192	+0.048%	$25K	$411K	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	2.5169	−0.044%	$16K	$19K	5x	as long as short
SunX PENDLE-USDT	+0.0100%	8h	2.5157	−0.092%	$1K	$1.7M	20x	as long as short
GMX PENDLE/USD [PENDLE-USDC]	L +0.0200% / S −0.0277%	1h	2.5167	−0.052%	$5K	—	100x	as long as short
Coinbase International PENDLE-PERP-INTX	+0.0560%	1h	2.5220	+0.158%	$117K	$433K	25x	as long as short
Backpack PENDLE_USDC_PERP	+0.0867%	1h	2.5254	+0.293%	$366K	$465K	15x	as long as short