PENDLE

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0175%/8h= +19.1% APRnext payment +$0.22 per $10,000 · paid last 24h +0.050%

Price spread now: ApeX Omni against Deribit−0.008%74s7-day average — · you buy dearer than you sell

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

Long on Deribit Short on ApeX Omni

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

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: +$5 a day on $10k at the current rate. 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	Deribit PENDLE_USDC-PERPETUAL	2.4644	−0.0075	get 0.0009% / 1h	20m 06s	$25K	$14K	10x
Short	ApeX Omni PENDLEUSDT	2.4642	0.0100	get 0.0013% / 1h	20m 06s	$75K	$235K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against Deribit. 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 DeribitbpFee ApeX OmnibpOrdersPrice spread, now −0.008%Rate

Funding earned: $36.66
Price spread: −0.008% → 0.000%: −$0.81
Slippage, 4 orders: no order book: not counted
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: $18.85
Costs to cover: 0.170%
Break-even: 3.4 days

Slippage unknown: Deribit: no order-book sample; ApeX Omni: live order book, 36 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 Deribit no order-book sample	—	—	—	—	—
Sell ApeX Omni live order book, 36 min ago	6.87 bp	14.7 bp −$15	107.1 bp −$1,071	doesn't fit	doesn't fit

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	−0.4334%	1h	2.4340	−1.234%	$2K	$54K	5.5x	as long as short
BloFin PENDLE-USDT	−0.0075%	8h	2.4629	−0.061%	$1.1M	$605K	75x	as long as short
Deribit PENDLE_USDC-PERPETUALlong	−0.0075%	1h	2.4644	long leg	$25K	$14K	10x
Gate PENDLE_USDT	−0.0068%	8h	2.4650	+0.024%	$719K	$1.1M	75x	as long as short
Extended PENDLE-USD	−0.0056%	1h	2.4626	−0.072%	$159K	$574K	10x	as long as short
Binance PENDLEUSDT	−0.0055%	8h	2.4627	−0.069%	$26.1M	$43.6M	75x	as long as short
MEXC PENDLE_USDT	−0.0054%	8h	2.4650	+0.024%	$17.4M	$2.0M	125x	as long as short
Aster PENDLEUSDT	−0.0042%	8h	2.4676	+0.131%	$47K	$179K	10x	as long as short
Orderly PERP_PENDLE_USDC	−0.0037%	8h	2.4643	−0.004%	$19K	$15K	10x	as long as short
dYdX PENDLE-USD	0.0000%	1h	2.4645	+0.003%	$10K	—	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	+0.0052%	8h	2.4615	−0.116%	$552K	$1.4M	—	as long as short
Aevo PENDLE-PERP	+0.0064%	1h	2.4660	+0.064%	$26K	—	3x	as long as short
Reya PENDLERUSDPERP	+0.0065%	1h	2.4648	+0.016%	$3K	—	15x	as long as short
GRVT PENDLE_USDT_Perp	+0.0083%	8h	2.4638	−0.024%	$412K	$1.9M	10x	as long as short
Lighter PENDLE	+0.0096%	1h	2.4647	+0.012%	$517K	$424K	5x	as long as short
Paradex PENDLE-USD-PERP	+0.0100%	8h	2.4650	+0.025%	$34K	$13K	10x	as long as short
Bybit PENDLEUSDT	+0.0100%	8h	2.4625	−0.077%	$14.6M	$11.9M	50x	as long as short
OKX PENDLE-USDT-SWAP	+0.0100%	4h	2.4630	−0.057%	$3.1M	$6.1M	50x	as long as short
KuCoin PENDLEUSDTM	+0.0100%	8h	2.4651	+0.028%	$866K	$575K	50x	as long as short
Bitget PENDLEUSDT	+0.0100%	8h	2.4619	−0.101%	$3.7M	$2.3M	75x	as long as short
BingX PENDLE-USDT	+0.0100%	8h	2.4646	+0.008%	—	$8.5M	—	as long as short
edgeX PENDLEUSDC	+0.0100%	4h	2.4632	−0.048%	$24K	$377K	10x	as long as short
ApeX Omni PENDLEUSDTshort	+0.0100%	1h	2.4642	−0.008%	$75K	$235K	50x
Polymarket Perps PENDLE-USD	+0.0100%	1h	2.4681	+0.150%	$16K	$8K	5x	as long as short
SunX PENDLE-USDT	+0.0100%	8h	2.4658	+0.057%	$2K	$1.8M	20x	as long as short
GMX PENDLE/USD [PENDLE-USDC]	L +0.0196% / S −0.0222%	1h	2.4653	+0.035%	$5K	—	100x	as long as short
Hyperliquid PENDLE	+0.0350%	1h	2.4673	+0.118%	$12.7M	$6.0M	5x	as long as short
Coinbase International PENDLE-PERP-INTX	+0.0608%	1h	2.4820	+0.714%	$148K	$497K	25x	as long as short
Backpack PENDLE_USDC_PERP	+0.0717%	1h	2.4693	+0.199%	$357K	$466K	15x	as long as short
Kraken Futures PF_PENDLEUSD	+0.1178%	1h	2.4683	+0.160%	$115K	$269K	20x	as long as short