Settings8H · net · $10k
LanguageThe language of the site
FundingPeriod funding rates are shown in
UnitsPercent or basis points
CostsCount taker fees and slippage in Net
SizePosition per leg used for Net and slippage
ExchangesWhich exchanges to include everywhere
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Funding arb · Price arb / Crypto

PENDLE

All PENDLE markets →
Backtest 30d
LegExchangePriceFund. /8hEach paymentNext inOIVol 24hLev
LONG
Variational OmniPENDLE
2.3480+0.0099pay 0.0099% / 8h0m 34s$517K$49K50xLong Variational Omni+15% pts
SHORT
PhemexPENDLEUSDT
2.3504+0.0100get 0.0100% / 8h0m 34s$1.2M$1.1M20xShort Phemex
Price gap+0.103%
Funding gap+0.0001% /8h

Funding is ≈ 0 and the gap is at its 7d average: nothing to capture right now.

If you open now and hold

on $10k a leg · figures of the last 7D, not a forecast
Funding+$17+0.0001% /8h now · paid +0.175% over the last 7D
Price$0spread +0.103% now, avg +0.100% → +0.003% if it goes back
Costs−$1371.372% of $10k · taker + slippage, in and out
Result−$120−1.20%+ Points / potential airdropVariational Omni: points · farm boardWhat the last 7D really paid, hour by hour → backtest

Price and funding

1h · loading 5m…
PRICE SPREAD · 7D
Now+0.103%
Average—
Range—
Wider than now—
FUNDING SPREAD · 7D
Average /8h—
Highest—
Lowest—
Paid you—

Where the spread has been, last 7D

share of time at each level

Funding on every exchange

/8h

PENDLE on 31 exchanges

lowest funding first

Before you open

2 ok · 3 to watch
  • Watch: Thin at this size31.4 / 38.0 bp
    At $10k entering Phemex costs 38.0 bp, fee and slippage, 1.2× Variational Omni’s.
  • Note: Margin at max leverage$200 + $500
    Variational Omni 50x, Phemex 20x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
  • OK: Same payment interval8h / 8h
    Both legs pay at the same time.
    Next 24h at the current rates, on $10k a leg: +$0.03Long Variational Omni: 3 payments, −$2.97; short Phemex: 3 payments, +$3.00.
  • Note: Gap at its usual level+0.103% vs +0.100%
    The price leg adds little either way.
  • Watch: Long leg is thinner$517K vs $1.2M OI
    Variational Omni sets your exit cost. Check its book before closing.
  • OK: Points on a legVariational Omni points
    Volume here counts toward the points program.
  • Watch: KYCVariational Omni No · Phemex Yes
    KYC unlocks spot and futures trading; an unverified account cannot withdraw at all.

Profit calculator

both legs, in and out
Position, each leg
Hold for
Orders
Price spread
Funding rate
Funding earned+0.0087%/8h × 21 periods+$18.34
Price spread+0.103% → +0.100% (7d avg)+$0.27
Slippage, 4 orderslive order books−$125.25
Fee Variational Omni bp × 2 orders$0.00
Fee Phemex bp × 2 orders−$12.00
Net · 7 days · $10k−$118.63
Costs to cover1.372%Break-even52.3 days
Slippage: Variational Omni: RFQ quote, 57 min ago; Phemex: live order book, 4 min ago

Cost to enter

taker + slippage from mid, one side
BUY · LONGVariational Omni7.0131.4 bp−$3152.8 bp−$528doesn’t fitdoesn’t fit
SELL · SHORTPhemex1.4938.0 bp−$38166.2 bp−$1,662doesn’t fitdoesn’t fit

Closing costs about the same again.

Alert

PENDLE news

posts that mention PENDLE, from every exchangeSearch all news →
09-30 01:05ReyaListingPENDLERUSDPERP no longer reported ($PENDLE) seen by our collector
09-24 18:20PhemexOtherPhemex Futures TradFi Listing: ethereum:0xaea46a60368a7bd060eec7df8cba43b7ef41ad85, ethereum:0x5a98fcbea516cf06857215779fd812ca3bef1b32, $PENDLE, ethereum:0x455e53cbb86018ac2b8092fdcd39d8444affc3f6, $CAKE, $INJ 🔹 Trading Zone: Perpetual 🔹 Max Leverage: Up to 50x 🔹 Trading Starts: @Phemex_official on X ↗
09-24 09:36PhemexListingnew market PENDLEUSDT ($PENDLE) seen by our collector