PENDLE

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0060%/8h= +6.6% APRnext payment +$0.60 per $10,000 · paid last 24h +0.009%

Price spread now: Gate against MEXC−0.125%7-day average −0.050% · you buy dearer than you sell

Net, funding: paid 7d − costs−$57as in the Funding arb table

Net, price: spread back to 7d avg − costs−$69as in the Price arb table

costs, in and out, $10k−$610.611% of the position

Long on MEXC Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days+0.041%+$4 on $10k

Price spread, last 7 days+0.080%+$8 · spread now −0.125%, 7d avg −0.050%

Together, before fees+0.121%+$12 on $10k · with fees, hour by hour

Funding pays, the price is against you. Gate is 0.075% cheaper against MEXC than usual: you would sell low and buy high (spread −0.125% now, against its 7-day average of −0.050%). If the spread goes back, that is −$8 on $10k: about 4.2 days of funding at the current rate (+$2 a day). At the pace of the last 7 days (+0.041% in total) that is about 13 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC PENDLE_USDT	2.4741	−0.0060	get 0.0060% / 8h	4h 40m	$17.4M	$2.0M	125x
Short	Gate PENDLE_USDT	2.4710	0	get 0.0000% / 8h	4h 40m	$717K	$1.1M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against MEXC. 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 MEXCbpFee GatebpOrdersPrice spread, now −0.125%Rate

Funding earned: $12.6
Price spread: −0.125% → −0.050%: −$7.54
Slippage, 4 orders: −$42.15
Fee MEXC: 2 bp × 2 orders: −$4
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$56.09
Costs to cover: 0.611%
Break-even: 38.2 days

Slippage from MEXC: live order book, 3 min ago; Gate: live order book, 2 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 MEXC live order book, 3 min ago	1.62 bp	8.6 bp −$9	33.6 bp −$336	62.5 bp −$6,246	doesn't fit
Sell Gate live order book, 2 min ago	4.05 bp	19.8 bp −$20	132.6 bp −$1,326	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	−0.4334%	1h	2.4400	−1.378%	$2K	$54K	5.5x	as long as short
BloFin PENDLE-USDT	−0.0076%	8h	2.4688	−0.214%	$1.2M	$627K	75x	as long as short
Extended PENDLE-USD	−0.0064%	1h	2.4723	−0.074%	$159K	$570K	10x	as long as short
Binance PENDLEUSDT	−0.0060%	8h	2.4728	−0.053%	$26.3M	$44.1M	75x	as long as short
MEXC PENDLE_USDTlong	−0.0060%	8h	2.4741	long leg	$17.4M	$2.0M	125x
Aster PENDLEUSDT	−0.0036%	8h	2.4707	−0.139%	$47K	$178K	10x	as long as short
Orderly PERP_PENDLE_USDC	−0.0035%	8h	2.4697	−0.178%	$19K	$15K	10x	as long as short
dYdX PENDLE-USD	0.0000%	1h	2.4720	−0.084%	$10K	—	5x	as long as short
Gate PENDLE_USDTshort	0.0000%	8h	2.4710	−0.125%	$717K	$1.1M	75x
Deribit PENDLE_USDC-PERPETUAL	0.0000%	1h	2.4700	−0.166%	$25K	$14K	10x	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	+0.0047%	8h	2.4680	−0.245%	$554K	$1.6M	—	as long as short
Reya PENDLERUSDPERP	+0.0063%	1h	2.4695	−0.186%	$3K	—	15x	as long as short
Aevo PENDLE-PERP	+0.0064%	1h	2.4686	−0.222%	$26K	—	3x	as long as short
GRVT PENDLE_USDT_Perp	+0.0086%	8h	2.4668	−0.294%	$408K	$1.8M	10x	as long as short
Lighter PENDLE	+0.0096%	1h	2.4740	−0.004%	$528K	$414K	5x	as long as short
Paradex PENDLE-USD-PERP	+0.0100%	8h	2.4736	−0.019%	$35K	$13K	10x	as long as short
Bybit PENDLEUSDT	+0.0100%	8h	2.4730	−0.044%	$14.6M	$12.3M	50x	as long as short
OKX PENDLE-USDT-SWAP	+0.0100%	4h	2.4730	−0.044%	$3.1M	$6.2M	50x	as long as short
KuCoin PENDLEUSDTM	+0.0100%	8h	2.4729	−0.049%	$870K	$583K	50x	as long as short
Bitget PENDLEUSDT	+0.0100%	8h	2.4730	−0.044%	$3.7M	$2.4M	75x	as long as short
BingX PENDLE-USDT	+0.0100%	8h	2.4738	−0.012%	—	$8.6M	—	as long as short
edgeX PENDLEUSDC	+0.0100%	4h	2.4676	−0.262%	$24K	$376K	10x	as long as short
ApeX Omni PENDLEUSDT	+0.0100%	1h	2.4675	−0.267%	$75K	$235K	50x	as long as short
Polymarket Perps PENDLE-USD	+0.0100%	1h	2.4714	−0.109%	$16K	$8K	5x	as long as short
SunX PENDLE-USDT	+0.0100%	8h	2.4708	−0.133%	$1K	$1.8M	20x	as long as short
GMX PENDLE/USD [PENDLE-USDC]	L +0.0196% / S −0.0222%	1h	2.4698	−0.174%	$5K	—	100x	as long as short
Hyperliquid PENDLE	+0.0456%	1h	2.4792	+0.206%	$12.9M	$6.3M	5x	as long as short
Backpack PENDLE_USDC_PERP	+0.0586%	1h	2.4740	−0.004%	$356K	$477K	15x	as long as short
Coinbase International PENDLE-PERP-INTX	+0.0608%	1h	2.4730	−0.044%	$148K	$494K	25x	as long as short
Kraken Futures PF_PENDLEUSD	+0.1177%	1h	2.4711	−0.121%	$115K	$277K	20x	as long as short