PENDLE

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0072%/8h= +7.9% APRnext payment +$0.72 per $10,000 · paid last 24h −0.048%

Price spread now: Variational Omni against MEXC−0.285%7-day average −0.061% · you buy dearer than you sell

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

Long on MEXC Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.096%−$10 on $10k

Price spread, last 7 days+0.249%+$25 · spread now −0.285%, 7d avg −0.061%

Together, before fees+0.153%+ Points / potential airdropVariational Omni: Active · farm board+$15 on $10k · with fees, hour by hour

Funding pays, the price is against you. Variational Omni is 0.224% cheaper against MEXC than usual: you would sell low and buy high (spread −0.285% now, against its 7-day average of −0.061%). If the spread goes back, that is −$22 on $10k: about 10 days of funding at the current rate (+$2 a day). Mind the row above: over the last 3 days funding on this pair cost −0.096%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC PENDLE_USDT	2.5254	−0.0032	get 0.0032% / 8h	26m 55s	$17.1M	$1.9M	125x
Short	Variational Omni PENDLE	2.5182	0.0040	get 0.0040% / 8h	26m 55s	$594K	$1.9M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against MEXC. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 Variational OmnibpOrdersPrice spread, now −0.285%Rate

Funding earned: $15.16
Price spread: −0.285% → −0.061%: −$22.36
Slippage, 4 orders: no order book: not counted
Fee MEXC: 2 bp × 2 orders: −$4
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$11.2
Costs to cover: 0.040%
Break-even: 12.2 days

Slippage unknown: MEXC: live order book, 2 min ago; Variational Omni: RFQ quote, 2 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, 2 min ago	0.20 bp	3.4 bp −$3	27.8 bp −$278	92.8 bp −$9,278	doesn't fit
Sell Variational Omni RFQ quote, 2 min ago	4.71 bp	doesn't fit	41.7 bp −$417	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	−1.243%	$2K	$54K	5.5x	as long as short
Deribit PENDLE_USDC-PERPETUAL	−0.0146%	1h	2.5246	−0.032%	$30K	$10K	10x	as long as short
ApeX Omni PENDLEUSDT	−0.0040%	1h	2.5239	−0.059%	$77K	$239K	50x	as long as short
Binance PENDLEUSDT	−0.0032%	8h	2.5238	−0.065%	$27.3M	$42.1M	75x	as long as short
Extended PENDLE-USD	−0.0032%	1h	2.5222	−0.126%	$166K	$528K	10x	as long as short
MEXC PENDLE_USDTlong	−0.0032%	8h	2.5254	long leg	$17.1M	$1.9M	125x
BloFin PENDLE-USDT	−0.0028%	8h	2.5251	−0.012%	$1.3M	$739K	75x	as long as short
Orderly PERP_PENDLE_USDC	−0.0003%	8h	2.5237	−0.067%	$20K	$16K	10x	as long as short
dYdX PENDLE-USD	0.0000%	1h	2.5268	+0.055%	$11K	—	5x	as long as short
Variational Omni PENDLEshort	+0.0040%	8h	2.5182	−0.285%	$594K	$1.9M	—

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT PENDLE_USDT_Perp	+0.0044%	8h	2.5188	−0.262%	$417K	$1.6M	10x	as long as short
Reya PENDLERUSDPERP	+0.0045%	1h	2.5244	−0.040%	$4K	—	15x	as long as short
Aevo PENDLE-PERP	+0.0072%	1h	2.5243	−0.044%	$26K	—	3x	as long as short
Lighter PENDLE	+0.0096%	1h	2.5253	−0.004%	$532K	$416K	5x	as long as short
Paradex PENDLE-USD-PERP	+0.0100%	8h	2.5246	−0.033%	$35K	$18K	10x	as long as short
Aster PENDLEUSDT	+0.0100%	8h	2.5269	+0.059%	$46K	$177K	10x	as long as short
Bybit PENDLEUSDT	+0.0100%	8h	2.5222	−0.127%	$15.6M	$11.9M	50x	as long as short
OKX PENDLE-USDT-SWAP	+0.0100%	4h	2.5220	−0.135%	$3.2M	$6.1M	50x	as long as short
Gate PENDLE_USDT	+0.0100%	8h	2.5240	−0.055%	$786K	$1.2M	75x	as long as short
KuCoin PENDLEUSDTM	+0.0100%	8h	2.5273	+0.075%	$895K	$605K	50x	as long as short
Bitget PENDLEUSDT	+0.0100%	8h	2.5225	−0.115%	$3.7M	$2.5M	75x	as long as short
BingX PENDLE-USDT	+0.0100%	8h	2.5233	−0.083%	—	$35.7M	—	as long as short
edgeX PENDLEUSDC	+0.0100%	4h	2.5231	−0.091%	$25K	$381K	10x	as long as short
Polymarket Perps PENDLE-USD	+0.0100%	1h	2.5270	+0.063%	$16K	$20K	5x	as long as short
SunX PENDLE-USDT	+0.0100%	8h	2.5229	−0.099%	$2K	$1.8M	20x	as long as short
GMX PENDLE/USD [PENDLE-USDC]	L +0.0199% / S −0.0256%	1h	2.5238	−0.063%	$5K	—	100x	as long as short
Hyperliquid PENDLE	+0.0320%	1h	2.5293	+0.154%	$12.8M	$6.2M	5x	as long as short
Kraken Futures PF_PENDLEUSD	+0.0594%	1h	2.5288	+0.134%	$120K	$299K	20x	as long as short
Coinbase International PENDLE-PERP-INTX	+0.0600%	1h	2.5340	+0.341%	$141K	$453K	25x	as long as short
Backpack PENDLE_USDC_PERP	+0.0803%	1h	2.5298	+0.174%	$334K	$491K	15x	as long as short