PENDLE

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0137%/8h= +15.0% APRnext payment +$1.37 per $10,000 · paid last 24h +0.059%

Price spread now: Paradex against Variational Omni−0.087%7-day average — · you buy dearer than you sell

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

Long on Variational Omni Short on Paradex

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropVariational Omni: Active · Paradex: Active · farm boardneeds both histories

Funding pays, the price is against you. Paradex is 0.087% cheaper against Variational Omni than usual: you would sell low and buy high (spread −0.087% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$9 on $10k: about 2.1 days of funding at the current rate (+$4 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni PENDLE	2.5056	−0.0037	get 0.0037% / 8h	6h 00m	$612K	$1.8M	—
Short	Paradex PENDLE-USD-PERP	2.5034	0.0100	get 0.0100% / 8h	6h 00m	$35K	$16K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paradex against Variational Omni. 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 Variational OmnibpFee ParadexbpOrdersPrice spread, now −0.087%Rate

Funding earned: $28.81
Price spread: −0.087% → 0.000%: −$8.73
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Paradex: 2 bp × 2 orders: −$4
Net: $16.08
Costs to cover: 0.040%
Break-even: 3.1 days

Slippage unknown: Variational Omni: RFQ quote, 4 min ago; Paradex: no order-book sample. 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 Variational Omni RFQ quote, 4 min ago	6.70 bp	doesn't fit	82.0 bp −$820	doesn't fit	doesn't fit
Sell Paradex no order-book sample	—	—	—	—	—

Paradex: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

PENDLE on 29 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	−0.4742%	1h	2.4870	−0.741%	$2K	$54K	5.5x	as long as short
Deribit PENDLE_USDC-PERPETUAL	−0.0709%	1h	2.5002	−0.214%	$26K	$14K	10x	as long as short
Extended PENDLE-USD	−0.0136%	1h	2.4997	−0.235%	$163K	$570K	10x	as long as short
Binance PENDLEUSDT	−0.0133%	8h	2.5009	−0.188%	$26.9M	$43.3M	75x	as long as short
MEXC PENDLE_USDT	−0.0132%	8h	2.5014	−0.166%	$17.3M	$1.8M	125x	as long as short
GRVT PENDLE_USDT_Perp	−0.0098%	8h	2.5058	+0.010%	$421K	$1.7M	10x	as long as short
ApeX Omni PENDLEUSDT	−0.0087%	1h	2.5064	+0.033%	$76K	$235K	50x	as long as short
Aster PENDLEUSDT	−0.0049%	8h	2.5041	−0.060%	$50K	$181K	10x	as long as short
Gate PENDLE_USDT	−0.0044%	8h	2.5040	−0.062%	$758K	$1.2M	75x	as long as short
Orderly PERP_PENDLE_USDC	−0.0039%	8h	2.5018	−0.150%	$20K	$15K	10x	as long as short

Show all 29 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni PENDLElong	−0.0037%	8h	2.5056	long leg	$612K	$1.8M	—
dYdX PENDLE-USD	0.0000%	1h	2.5075	+0.077%	$11K	—	5x	as long as short
Bybit PENDLEUSDT	+0.0035%	8h	2.5002	−0.214%	$15.1M	$12.0M	50x	as long as short
Aevo PENDLE-PERP	+0.0048%	1h	2.5009	−0.188%	$26K	—	3x	as long as short
Reya PENDLERUSDPERP	+0.0057%	1h	2.5019	−0.147%	$4K	—	15x	as long as short
Lighter PENDLE	+0.0096%	1h	2.5014	−0.166%	$533K	$416K	5x	as long as short
Paradex PENDLE-USD-PERPshort	+0.0100%	8h	2.5034	−0.087%	$35K	$16K	10x
Hyperliquid PENDLE	+0.0100%	1h	2.5080	+0.097%	$12.9M	$6.3M	5x	as long as short
OKX PENDLE-USDT-SWAP	+0.0100%	4h	2.4980	−0.302%	$3.2M	$6.1M	50x	as long as short
KuCoin PENDLEUSDTM	+0.0100%	8h	2.5037	−0.074%	$860K	$592K	50x	as long as short
Bitget PENDLEUSDT	+0.0100%	8h	2.5002	−0.214%	$3.8M	$2.4M	75x	as long as short
BingX PENDLE-USDT	+0.0100%	8h	2.5013	−0.170%	—	$33.6M	—	as long as short
edgeX PENDLEUSDC	+0.0100%	4h	2.5059	+0.015%	$25K	$380K	10x	as long as short
Polymarket Perps PENDLE-USD	+0.0100%	1h	2.5067	+0.045%	$16K	$20K	5x	as long as short
SunX PENDLE-USDT	+0.0100%	8h	2.5037	−0.074%	$2K	$1.8M	20x	as long as short
GMX PENDLE/USD [PENDLE-USDC]	L +0.0183% / S −0.0301%	1h	2.5030	−0.103%	$7K	—	100x	as long as short
Backpack PENDLE_USDC_PERP	+0.0409%	1h	2.5049	−0.026%	$350K	$434K	15x	as long as short
Coinbase International PENDLE-PERP-INTX	+0.0632%	1h	2.5090	+0.137%	$143K	$473K	25x	as long as short
Kraken Futures PF_PENDLEUSD	+0.0870%	1h	2.5063	+0.030%	$117K	$288K	20x	as long as short