PENDLE

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0046%/8h= −5.0% APRnext payment −$0.06 per $10,000 · paid last 24h −0.042%

Price spread now: Deribit against ApeX Omni−0.296%74s7-day average — · you buy dearer than you sell

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

Long on ApeX Omni Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

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

Together, before fees—needs both histories

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Deribit is 0.296% cheaper against ApeX Omni than usual: you would sell low and buy high (−$30 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 74 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	ApeX Omni PENDLEUSDT	2.5347	−0.0060	get 0.0008% / 1h	32m 02s	$77K	$238K	50x
Short	Deribit PENDLE_USDC-PERPETUAL	2.5272	−0.0106	pay 0.0013% / 1h	32m 02s	$26K	$14K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit against ApeX 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 ApeX OmnibpFee DeribitbpOrdersPrice spread, now −0.296%Rate

Funding earned: −$9.66
Price spread: −0.296% → 0.000%: −$29.59
Slippage, 4 orders: no order book: not counted
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$56.25
Costs to cover: 0.170%
Break-even: never at this rate

Slippage unknown: ApeX Omni: live order book, 39 min ago; Deribit: 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 ApeX Omni live order book, 39 min ago	4.18 bp	11.0 bp −$11	96.4 bp −$964	doesn't fit	doesn't fit
Sell Deribit no order-book sample	—	—	—	—	—

Deribit: 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	−0.4643%	1h	2.4970	−1.487%	$2K	$54K	5.5x	as long as short
Deribit PENDLE_USDC-PERPETUALshort	−0.0106%	1h	2.5272	−0.296%	$26K	$14K	10x
Binance PENDLEUSDT	−0.0082%	8h	2.5310	−0.146%	$27.3M	$42.8M	75x	as long as short
Extended PENDLE-USD	−0.0080%	1h	2.5295	−0.206%	$165K	$650K	10x	as long as short
MEXC PENDLE_USDT	−0.0080%	8h	2.5310	−0.146%	$17.1M	$1.9M	125x	as long as short
BloFin PENDLE-USDT	−0.0071%	8h	2.5279	−0.268%	$1.3M	$704K	75x	as long as short
GRVT PENDLE_USDT_Perp	−0.0066%	8h	2.5297	−0.197%	$428K	$1.6M	10x	as long as short
ApeX Omni PENDLEUSDTlong	−0.0060%	1h	2.5347	long leg	$77K	$238K	50x
Orderly PERP_PENDLE_USDC	−0.0018%	8h	2.5279	−0.268%	$20K	$16K	10x	as long as short
dYdX PENDLE-USD	0.0000%	1h	2.5313	−0.134%	$11K	—	5x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni PENDLE	+0.0014%	8h	2.5291	−0.221%	$609K	$1.9M	—	as long as short
Gate PENDLE_USDT	+0.0023%	8h	2.5270	−0.304%	$786K	$1.2M	75x	as long as short
Reya PENDLERUSDPERP	+0.0050%	1h	2.5263	−0.330%	$4K	—	15x	as long as short
Aevo PENDLE-PERP	+0.0064%	1h	2.5276	−0.279%	$26K	—	3x	as long as short
Aster PENDLEUSDT	+0.0076%	8h	2.5310	−0.144%	$47K	$178K	10x	as long as short
Lighter PENDLE	+0.0096%	1h	2.5289	−0.229%	$537K	$415K	5x	as long as short
Bybit PENDLEUSDT	+0.0097%	8h	2.5290	−0.225%	$15.6M	$12.0M	50x	as long as short
Paradex PENDLE-USD-PERP	+0.0100%	8h	2.5249	−0.388%	$35K	$18K	10x	as long as short
OKX PENDLE-USDT-SWAP	+0.0100%	4h	2.5300	−0.185%	$3.3M	$6.1M	50x	as long as short
KuCoin PENDLEUSDTM	+0.0100%	8h	2.5315	−0.126%	$889K	$592K	50x	as long as short
Bitget PENDLEUSDT	+0.0100%	8h	2.5296	−0.201%	$3.8M	$2.5M	75x	as long as short
BingX PENDLE-USDT	+0.0100%	8h	2.5288	−0.233%	—	$35.7M	—	as long as short
edgeX PENDLEUSDC	+0.0100%	4h	2.5293	−0.212%	$25K	$382K	10x	as long as short
Polymarket Perps PENDLE-USD	+0.0100%	1h	2.5274	−0.288%	$16K	$20K	5x	as long as short
SunX PENDLE-USDT	+0.0100%	8h	2.5304	−0.170%	$2K	$1.8M	20x	as long as short
GMX PENDLE/USD [PENDLE-USDC]	L +0.0203% / S −0.0382%	1h	2.5279	−0.267%	$7K	—	100x	as long as short
Hyperliquid PENDLE	+0.0323%	1h	2.5361	+0.055%	$13.0M	$6.4M	5x	as long as short
Kraken Futures PF_PENDLEUSD	+0.0614%	1h	2.5350	+0.011%	$118K	$293K	20x	as long as short
Coinbase International PENDLE-PERP-INTX	+0.0728%	1h	2.5310	−0.146%	$140K	$442K	25x	as long as short
Backpack PENDLE_USDC_PERP	+0.0856%	1h	2.5341	−0.024%	$333K	$486K	15x	as long as short