PENDLE

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0013%/8h= +1.4% APRnext payment +$0.02 per $10,000 · paid last 24h −0.001%

Price spread now: ApeX Omni against Extended−0.174%112s7-day average +0.133% · you buy dearer than you sell

Net, funding: paid 7d − costs−$65as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$570.568% of the position

Long on Extended Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days−0.080%−$8 on $10k

Price spread, last 3 days (all we have)+0.510%+$51 · spread now −0.174%, 7d avg +0.133%

Together, before fees+0.430%+ Points / potential airdropExtended: Active · farm board+$43 on $10k · with fees, hour by hour

Funding pays, the price is against you. ApeX Omni is 0.307% cheaper against Extended than usual: you would sell low and buy high (spread −0.174% now, against its 7-day average of +0.133%). If the spread goes back, that is −$31 on $10k: about 3 months of funding at the current rate ($0 a day). Mind the row above: over the last 7 days funding on this pair cost −0.080%, so the current rate has only just turned in your favour. The two prices were read 112 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	Extended PENDLE-USD	2.5259	−0.0040	get 0.0005% / 1h	21m 37s	$166K	$528K	10x
Short	ApeX Omni PENDLEUSDT	2.5215	−0.0027	pay 0.0003% / 1h	21m 37s	$77K	$239K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against Extended. 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 ExtendedbpFee ApeX OmnibpOrdersPrice spread, now −0.174%Rate

Funding earned: $2.77
Price spread: −0.174% → +0.133%: −$30.7
Slippage, 4 orders: −$41.8
Fee Extended: 2.5 bp × 2 orders: −$5
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$84.73
Costs to cover: 0.568%
Break-even: 221.0 days

Slippage from Extended: live order book, 56 min ago; ApeX Omni: live order book, 55 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 Extended live order book, 56 min ago	1.00 bp	14.0 bp −$14	106.1 bp −$1,061	doesn't fit	doesn't fit
Sell ApeX Omni live order book, 55 min ago	6.83 bp	14.6 bp −$15	104.6 bp −$1,046	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	−0.5000%	1h	2.4940	−1.263%	$2K	$54K	5.5x	as long as short
BloFin PENDLE-USDT	−0.0058%	8h	2.5235	−0.095%	$1.3M	$714K	75x	as long as short
Extended PENDLE-USDlong	−0.0040%	1h	2.5259	long leg	$166K	$528K	10x
Binance PENDLEUSDT	−0.0036%	8h	2.5311	+0.204%	$27.4M	$42.0M	75x	as long as short
MEXC PENDLE_USDT	−0.0036%	8h	2.5308	+0.194%	$17.2M	$1.9M	125x	as long as short
ApeX Omni PENDLEUSDTshort	−0.0027%	1h	2.5215	−0.174%	$77K	$239K	50x
Deribit PENDLE_USDC-PERPETUAL	−0.0027%	1h	2.5286	+0.107%	$30K	$10K	10x	as long as short
Orderly PERP_PENDLE_USDC	−0.0003%	8h	2.5277	+0.071%	$20K	$16K	10x	as long as short
dYdX PENDLE-USD	0.0000%	1h	2.5293	+0.135%	$11K	—	5x	as long as short
Variational Omni PENDLE	+0.0036%	8h	2.5202	−0.226%	$595K	$1.9M	—	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT PENDLE_USDT_Perp	+0.0045%	8h	2.5244	−0.059%	$418K	$1.6M	10x	as long as short
Reya PENDLERUSDPERP	+0.0046%	1h	2.5268	+0.036%	$4K	—	15x	as long as short
Aevo PENDLE-PERP	+0.0072%	1h	2.5275	+0.063%	$26K	—	3x	as long as short
Lighter PENDLE	+0.0096%	1h	2.5301	+0.166%	$533K	$416K	5x	as long as short
Paradex PENDLE-USD-PERP	+0.0100%	8h	2.5268	+0.037%	$35K	$18K	10x	as long as short
Aster PENDLEUSDT	+0.0100%	8h	2.5292	+0.131%	$46K	$177K	10x	as long as short
Bybit PENDLEUSDT	+0.0100%	8h	2.5263	+0.016%	$15.6M	$11.9M	50x	as long as short
OKX PENDLE-USDT-SWAP	+0.0100%	4h	2.5270	+0.043%	$3.3M	$6.0M	50x	as long as short
Gate PENDLE_USDT	+0.0100%	8h	2.5290	+0.122%	$787K	$1.2M	75x	as long as short
KuCoin PENDLEUSDTM	+0.0100%	8h	2.5312	+0.210%	$889K	$600K	50x	as long as short
Bitget PENDLEUSDT	+0.0100%	8h	2.5287	+0.111%	$3.8M	$2.5M	75x	as long as short
BingX PENDLE-USDT	+0.0100%	8h	2.5276	+0.067%	—	$35.7M	—	as long as short
edgeX PENDLEUSDC	+0.0100%	4h	2.5208	−0.201%	$25K	$382K	10x	as long as short
Polymarket Perps PENDLE-USD	+0.0100%	1h	2.5291	+0.126%	$16K	$20K	5x	as long as short
SunX PENDLE-USDT	+0.0100%	8h	2.5282	+0.091%	$2K	$1.8M	20x	as long as short
GMX PENDLE/USD [PENDLE-USDC]	L +0.0199% / S −0.0256%	1h	2.5290	+0.122%	$5K	—	100x	as long as short
Hyperliquid PENDLE	+0.0353%	1h	2.5367	+0.429%	$12.8M	$6.2M	5x	as long as short
Kraken Futures PF_PENDLEUSD	+0.0593%	1h	2.5330	+0.279%	$119K	$299K	20x	as long as short
Coinbase International PENDLE-PERP-INTX	+0.0600%	1h	2.5340	+0.320%	$141K	$451K	25x	as long as short
Backpack PENDLE_USDC_PERP	+0.0777%	1h	2.5325	+0.261%	$333K	$490K	15x	as long as short