PENDLE

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0265%/8h= +29.0% APRnext payment +$0.33 per $10,000 · paid last 24h +0.002%

Price spread now: Extended against ApeX Omni−0.150%7-day average −0.134% · you buy dearer than you sell

Net, funding: paid 7d − costs−$44as in the Funding arb table

Net, price: spread back to 7d avg − costs−$54as in the Price arb table

costs, in and out, $10k−$520.524% of the position

Long on ApeX Omni Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days+0.081%+$8 on $10k

Price spread, last 4 days (all we have)−1.375%−$137 · spread now −0.150%, 7d avg −0.134%

Together, before fees−1.293%+ Points / potential airdropExtended: Active · farm board−$129 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.134%, so right now this pair is about funding alone: +$8 a day on $10k at the current rate.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.081% in total (about 4.2% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.33 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	ApeX Omni PENDLEUSDT	2.5149	−0.0377	get 0.0047% / 1h	47m 41s	$77K	$237K	50x
Short	Extended PENDLE-USD	2.5111	−0.0112	pay 0.0014% / 1h	47m 41s	$163K	$565K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended 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 ExtendedbpOrdersPrice spread, now −0.150%Rate

Funding earned: $55.68
Price spread: −0.150% → −0.134%: −$1.62
Slippage, 4 orders: −$37.4
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee Extended: 2.5 bp × 2 orders: −$5
Net: $1.65
Costs to cover: 0.524%
Break-even: 6.8 days

Slippage from ApeX Omni: live order book, 19 min ago; Extended: live order book, 20 min ago.

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, 19 min ago	4.16 bp	12.3 bp −$12	84.4 bp −$844	doesn't fit	doesn't fit
Sell Extended live order book, 20 min ago	0.99 bp	13.5 bp −$14	116.6 bp −$1,166	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	−0.4742%	1h	2.4750	−1.587%	$2K	$54K	5.5x	as long as short
Deribit PENDLE_USDC-PERPETUAL	−0.0545%	1h	2.5149	0.000%	$26K	$14K	10x	as long as short
ApeX Omni PENDLEUSDTlong	−0.0377%	1h	2.5149	long leg	$77K	$237K	50x
Bybit PENDLEUSDT	−0.0132%	8h	2.5111	−0.151%	$15.4M	$12.1M	50x	as long as short
Extended PENDLE-USDshort	−0.0112%	1h	2.5111	−0.150%	$163K	$565K	10x
GRVT PENDLE_USDT_Perp	−0.0112%	8h	2.5146	−0.011%	$420K	$1.7M	10x	as long as short
MEXC PENDLE_USDT	−0.0111%	8h	2.5139	−0.040%	$17.4M	$1.8M	125x	as long as short
Binance PENDLEUSDT	−0.0111%	8h	2.5130	−0.074%	$27.1M	$43.2M	75x	as long as short
BloFin PENDLE-USDT	−0.0095%	8h	2.5143	−0.024%	$1.3M	$654K	75x	as long as short
Variational Omni PENDLE	−0.0040%	8h	2.5116	−0.131%	$599K	$1.8M	—	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Orderly PERP_PENDLE_USDC	−0.0031%	8h	2.5134	−0.060%	$20K	$16K	10x	as long as short
Gate PENDLE_USDT	−0.0028%	8h	2.5120	−0.115%	$784K	$1.2M	75x	as long as short
dYdX PENDLE-USD	0.0000%	1h	2.5166	+0.067%	$11K	—	5x	as long as short
Aster PENDLEUSDT	+0.0009%	8h	2.5127	−0.087%	$50K	$180K	10x	as long as short
Reya PENDLERUSDPERP	+0.0053%	1h	2.5132	−0.069%	$4K	—	15x	as long as short
Aevo PENDLE-PERP	+0.0056%	1h	2.5132	−0.068%	$26K	—	3x	as long as short
Lighter PENDLE	+0.0096%	1h	2.5138	−0.044%	$535K	$414K	5x	as long as short
Paradex PENDLE-USD-PERP	+0.0100%	8h	2.5125	−0.096%	$35K	$16K	10x	as long as short
OKX PENDLE-USDT-SWAP	+0.0100%	4h	2.5110	−0.155%	$3.2M	$6.2M	50x	as long as short
KuCoin PENDLEUSDTM	+0.0100%	8h	2.5141	−0.032%	$854K	$593K	50x	as long as short
Bitget PENDLEUSDT	+0.0100%	8h	2.5153	+0.016%	$3.8M	$2.5M	75x	as long as short
BingX PENDLE-USDT	+0.0100%	8h	2.5125	−0.095%	—	$33.8M	—	as long as short
edgeX PENDLEUSDC	+0.0100%	4h	2.5139	−0.039%	$25K	$381K	10x	as long as short
Polymarket Perps PENDLE-USD	+0.0100%	1h	2.5155	+0.024%	$16K	$20K	5x	as long as short
SunX PENDLE-USDT	+0.0100%	8h	2.5141	−0.032%	$2K	$1.8M	20x	as long as short
GMX PENDLE/USD [PENDLE-USDC]	L +0.0158% / S −0.0256%	1h	2.5158	+0.035%	$7K	—	100x	as long as short
Backpack PENDLE_USDC_PERP	+0.0297%	1h	2.5187	+0.151%	$353K	$485K	15x	as long as short
Hyperliquid PENDLE	+0.0313%	1h	2.5190	+0.163%	$13.0M	$6.4M	5x	as long as short
Coinbase International PENDLE-PERP-INTX	+0.0632%	1h	2.5210	+0.243%	$146K	$470K	25x	as long as short
Kraken Futures PF_PENDLEUSD	+0.0865%	1h	2.5197	+0.190%	$117K	$291K	20x	as long as short