PENDLE

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0067%/8h= +7.3% APRnext payment +$0.67 per $10,000 · paid last 24h +0.017%

Price spread now: SunX against MEXC+0.135%53s7-day average +0.016% · you sell dearer than you buy

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

Long on MEXC Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.085%+$8 on $10k

Price spread, last 4 days (all we have)−0.162%−$16 · spread now +0.135%, 7d avg +0.016%

Together, before fees−0.078%−$8 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and SunX is 0.118% dearer against MEXC than usual: you sell high and buy low: +$12 more if the spread goes back to its 7-day average of +0.016%. The two prices were read 53 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	MEXC PENDLE_USDT	2.4490	0.0033	pay 0.0033% / 8h	1h 47m	$17.5M	$2.0M	125x
Short	SunX PENDLE-USDT	2.4523	0.0100	get 0.0100% / 8h	1h 47m	$2K	$1.8M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now +0.135%Rate

Funding earned: $14.07
Price spread: +0.135% → +0.016%: $11.84
Slippage, 4 orders: no order book: not counted
Fee MEXC: 2 bp × 2 orders: −$4
Fee SunX: 4 bp × 2 orders: −$8
Net: $13.91
Costs to cover: 0.120%
Break-even: 0.1 days

Slippage unknown: MEXC: live order book, 1 min ago; SunX: live order book, 8 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 MEXC live order book, 1 min ago	0.41 bp	7.0 bp −$7	29.9 bp −$299	95.9 bp −$9,589	doesn't fit
Sell SunX live order book, 8 min ago	497.81 bp	doesn't fit	doesn't fit	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	−0.4348%	1h	2.4250	−0.980%	$2K	$54K	5.5x	as long as short
Deribit PENDLE_USDC-PERPETUAL	−0.0444%	1h	2.4495	+0.020%	$25K	$16K	10x	as long as short
Orderly PERP_PENDLE_USDC	−0.0033%	8h	2.4482	−0.033%	$19K	$15K	10x	as long as short
Gate PENDLE_USDT	−0.0001%	8h	2.4510	+0.082%	$749K	$1.0M	75x	as long as short
dYdX PENDLE-USD	0.0000%	1h	2.4550	+0.243%	$10K	—	5x	as long as short
Extended PENDLE-USD	+0.0032%	1h	2.4487	−0.012%	$160K	$573K	10x	as long as short
MEXC PENDLE_USDTlong	+0.0033%	8h	2.4490	long leg	$17.5M	$2.0M	125x
Binance PENDLEUSDT	+0.0034%	8h	2.4480	−0.041%	$25.8M	$45.0M	75x	as long as short
BloFin PENDLE-USDT	+0.0042%	8h	2.4496	+0.024%	$1.1M	$498K	75x	as long as short
Reya PENDLERUSDPERP	+0.0077%	1h	2.4481	−0.036%	$3K	—	15x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
ApeX Omni PENDLEUSDT	+0.0085%	1h	2.4504	+0.057%	$75K	$233K	50x	as long as short
Aevo PENDLE-PERP	+0.0088%	1h	2.4493	+0.012%	$26K	—	3x	as long as short
Lighter PENDLE	+0.0096%	1h	2.4503	+0.053%	$518K	$415K	5x	as long as short
Paradex PENDLE-USD-PERP	+0.0100%	8h	2.4482	−0.032%	$34K	$7K	10x	as long as short
Hyperliquid PENDLE	+0.0100%	1h	2.4526	+0.147%	$12.7M	$6.1M	5x	as long as short
Aster PENDLEUSDT	+0.0100%	8h	2.4504	+0.058%	$47K	$170K	10x	as long as short
Bybit PENDLEUSDT	+0.0100%	8h	2.4470	−0.082%	$14.3M	$12.2M	50x	as long as short
OKX PENDLE-USDT-SWAP	+0.0100%	4h	2.4490	0.000%	$3.1M	$6.6M	50x	as long as short
KuCoin PENDLEUSDTM	+0.0100%	8h	2.4516	+0.106%	$877K	$559K	50x	as long as short
Bitget PENDLEUSDT	+0.0100%	8h	2.4497	+0.029%	$3.8M	$2.4M	75x	as long as short
BingX PENDLE-USDT	+0.0100%	8h	2.4507	+0.069%	—	$8.4M	—	as long as short
Variational Omni PENDLE	+0.0100%	8h	2.4506	+0.065%	$565K	$1.4M	—	as long as short
edgeX PENDLEUSDC	+0.0100%	4h	2.4497	+0.029%	$24K	$372K	10x	as long as short
GRVT PENDLE_USDT_Perp	+0.0100%	8h	2.4512	+0.089%	$416K	$2.3M	10x	as long as short
Polymarket Perps PENDLE-USD	+0.0100%	1h	2.4511	+0.086%	$16K	$7K	5x	as long as short
SunX PENDLE-USDTshort	+0.0100%	8h	2.4523	+0.135%	$2K	$1.8M	20x
GMX PENDLE/USD [PENDLE-USDC]	L +0.0196% / S −0.0222%	1h	2.4499	+0.037%	$5K	—	100x	as long as short
Backpack PENDLE_USDC_PERP	+0.0557%	1h	2.4538	+0.196%	$348K	$434K	15x	as long as short
Coinbase International PENDLE-PERP-INTX	+0.0688%	1h	2.4580	+0.367%	$161K	$527K	25x	as long as short
Kraken Futures PF_PENDLEUSD	+0.1660%	1h	2.4554	+0.263%	$115K	$262K	20x	as long as short