PENDLE

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0162%/8h= −17.8% APRnext payment −$0.20 per $10,000 · paid last 24h −0.003%

Price spread now: ApeX Omni against Lighter+0.149%78s7-day average +0.043% · you sell dearer than you buy

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−$530.529% of the position

Long on Lighter Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days−0.117%−$12 on $10k

Price spread, last 3 days (all we have)+0.224%+$22 · spread now +0.149%, 7d avg +0.043%

Together, before fees+0.108%+ Points / potential airdropLighter: Season 3 · farm board+$11 on $10k · with fees, hour by hour

The price spread pays, funding is against you. ApeX Omni is 0.106% dearer against Lighter than usual: you sell high and buy low (spread +0.149% now, against its 7-day average of +0.043%): +$11 on $10k if it goes back. Holding the pair costs −$5 a day in funding at the current rate, which eats that in about 2.2 days. At the pace of the last 7 days (−0.117% in total) that is about 6.4 days. The two prices were read 78 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	Lighter PENDLE	2.4853	0.0096	pay 0.0012% / 1h	8m 16s	$525K	$426K	5x
Short	ApeX Omni PENDLEUSDT	2.4890	−0.0066	pay 0.0008% / 1h	8m 16s	$76K	$239K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against Lighter. 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 LighterbpFee ApeX OmnibpOrdersPrice spread, now +0.149%Rate

Funding earned: −$34.05
Price spread: +0.149% → +0.043%: $10.61
Slippage, 4 orders: −$42.85
Fee Lighter: 0 bp × 2 orders: $0
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$76.3
Costs to cover: 0.529%
Break-even: never at this rate

Slippage from Lighter: live order book, 2 min ago; ApeX Omni: live order book, 8 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 Lighter live order book, 2 min ago	9.68 bp	10.7 bp −$11	73.8 bp −$738	doesn't fit	doesn't fit
Sell ApeX Omni live order book, 8 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	−0.3656%	1h	2.4770	−0.334%	$2K	$53K	5.5x	as long as short
Deribit PENDLE_USDC-PERPETUAL	−0.0353%	1h	2.4858	+0.020%	$29K	$10K	10x	as long as short
ApeX Omni PENDLEUSDTshort	−0.0066%	1h	2.4890	+0.149%	$76K	$239K	50x
BloFin PENDLE-USDT	−0.0035%	8h	2.4871	+0.072%	$1.3M	$742K	75x	as long as short
Extended PENDLE-USD	−0.0016%	1h	2.4845	−0.031%	$164K	$526K	10x	as long as short
Binance PENDLEUSDT	−0.0016%	8h	2.4857	+0.016%	$26.8M	$41.2M	75x	as long as short
MEXC PENDLE_USDT	−0.0015%	8h	2.4827	−0.105%	$16.8M	$2.1M	125x	as long as short
dYdX PENDLE-USD	0.0000%	1h	2.4873	+0.079%	$10K	—	5x	as long as short
Orderly PERP_PENDLE_USDC	+0.0012%	8h	2.4857	+0.016%	$20K	$16K	10x	as long as short
Reya PENDLERUSDPERP	+0.0042%	1h	2.4862	+0.036%	$4K	—	15x	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	+0.0058%	8h	2.4827	−0.106%	$550K	$2.0M	—	as long as short
GRVT PENDLE_USDT_Perp	+0.0068%	8h	2.4869	+0.063%	$413K	$1.6M	10x	as long as short
Aevo PENDLE-PERP	+0.0080%	1h	2.4844	−0.036%	$26K	—	3x	as long as short
Lighter PENDLElong	+0.0096%	1h	2.4853	long leg	$525K	$426K	5x
Paradex PENDLE-USD-PERP	+0.0100%	8h	2.4842	−0.044%	$35K	$20K	10x	as long as short
Hyperliquid PENDLE	+0.0100%	1h	2.4865	+0.048%	$12.2M	$6.0M	5x	as long as short
Aster PENDLEUSDT	+0.0100%	8h	2.4843	−0.039%	$44K	$176K	10x	as long as short
Bybit PENDLEUSDT	+0.0100%	8h	2.4860	+0.028%	$15.3M	$11.9M	50x	as long as short
OKX PENDLE-USDT-SWAP	+0.0100%	4h	2.4870	+0.068%	$3.2M	$5.9M	50x	as long as short
Gate PENDLE_USDT	+0.0100%	8h	2.4840	−0.052%	$778K	$1.2M	75x	as long as short
KuCoin PENDLEUSDTM	+0.0100%	8h	2.4852	−0.004%	$885K	$612K	50x	as long as short
Bitget PENDLEUSDT	+0.0100%	8h	2.4868	+0.060%	$3.7M	$2.7M	75x	as long as short
BingX PENDLE-USDT	+0.0100%	8h	2.4855	+0.008%	—	$36.2M	—	as long as short
edgeX PENDLEUSDC	+0.0100%	4h	2.4840	−0.053%	$25K	$396K	10x	as long as short
Polymarket Perps PENDLE-USD	+0.0100%	1h	2.4870	+0.068%	$16K	$20K	5x	as long as short
SunX PENDLE-USDT	+0.0100%	8h	2.4870	+0.068%	$2K	$1.7M	20x	as long as short
GMX PENDLE/USD [PENDLE-USDC]	L +0.0199% / S −0.0256%	1h	2.4870	+0.070%	$5K	—	100x	as long as short
Coinbase International PENDLE-PERP-INTX	+0.0592%	1h	2.4930	+0.310%	$139K	$460K	25x	as long as short
Backpack PENDLE_USDC_PERP	+0.0634%	1h	2.4937	+0.338%	$352K	$475K	15x	as long as short
Kraken Futures PF_PENDLEUSD	+0.0757%	1h	2.4897	+0.175%	$118K	$306K	20x	as long as short