Funding you earn now, next payment 07:00 UTC−0.0004%/8h= −0.4% APRnext payment −$0.01 per $10,000 · paid last 24h +0.012%
Price spread now: Lighter against ApeX Omni−0.057%48s7-day average −0.040% · you buy dearer than you sell
Net, funding: paid 7d − costs−$37as 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−$490.487% of the position
Funding, last 7 days+0.119%+$12 on $10k
+Price spread, last 4 days (all we have)−0.179%−$18 · spread now −0.057%, 7d avg −0.040%
=Together, before fees−0.060%+ Points / potential airdropLighter: Season 3 · farm board−$6 on $10k · with fees, hour by hour
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | ApeX Omni PENDLEUSDT | 2.4508 | 0.0100 | pay 0.0013% / 1h | 4m 28s | $75K | $233K | 50x |
| Short | Lighter PENDLE | 2.4494 | 0.0096 | get 0.0012% / 1h | 4m 28s | $519K | $417K | 5x |
ApeX Omni PENDLEUSDT
Lighter PENDLEFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against ApeX Omni. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$0.84
- Price spread: −0.057% → −0.040%
- −$1.75
- Slippage, 4 orders
- −$38.74
- Fee ApeX Omni: 5 bp × 2 orders
- −$10
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$51.33
- Costs to cover
- 0.487%
- Break-even
- never at this rate
Slippage from ApeX Omni: live order book, 37 min ago; Lighter: live order book, 31 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 ApeX Omni live order book, 37 min ago | 4.49 bp | 11.8 bp −$12 | 107.9 bp −$1,079 | doesn't fit | doesn't fit |
| Sell Lighter live order book, 31 min ago | 9.81 bp | 14.1 bp −$14 | 79.2 bp −$792 | 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 | 2.4230 | −1.134% | $2K | $54K | 5.5x | as long as short |
| Deribit PENDLE_USDC-PERPETUAL | −0.0443% | 1h | 2.4501 | −0.029% | $25K | $16K | 10x | as long as short |
| Orderly PERP_PENDLE_USDC | −0.0017% | 8h | 2.4490 | −0.073% | $19K | $15K | 10x | as long as short |
| dYdX PENDLE-USD | 0.0000% | 1h | 2.4524 | +0.066% | $10K | — | 5x | as long as short |
| BloFin PENDLE-USDT | +0.0015% | 8h | 2.4497 | −0.045% | $1.1M | $477K | 75x | as long as short |
| MEXC PENDLE_USDT | +0.0022% | 8h | 2.4481 | −0.110% | $17.5M | $2.0M | 125x | as long as short |
| Binance PENDLEUSDT | +0.0022% | 8h | 2.4478 | −0.122% | $25.8M | $45.4M | 75x | as long as short |
| Extended PENDLE-USD | +0.0024% | 1h | 2.4467 | −0.167% | $158K | $471K | 10x | as long as short |
| Gate PENDLE_USDT | +0.0048% | 8h | 2.4500 | −0.033% | $788K | $1.0M | 75x | as long as short |
| Reya PENDLERUSDPERP | +0.0081% | 1h | 2.4479 | −0.118% | $3K | — | 15x | as long as short |
Injective PENDLE/USDC PERP
Deribit PENDLE_USDC-PERPETUAL
Orderly PERP_PENDLE_USDC
dYdX PENDLE-USD
BloFin PENDLE-USDT
MEXC PENDLE_USDT
Binance PENDLEUSDT
Extended PENDLE-USD
Gate PENDLE_USDT
Reya PENDLERUSDPERPShow all 30 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aevo PENDLE-PERP | +0.0088% | 1h | 2.4492 | −0.063% | $26K | — | 3x | as long as short |
| Lighter PENDLEshort | +0.0096% | 1h | 2.4494 | −0.057% | $519K | $417K | 5x | |
| Paradex PENDLE-USD-PERP | +0.0100% | 8h | 2.4483 | −0.102% | $34K | $7K | 10x | as long as short |
| Hyperliquid PENDLE | +0.0100% | 1h | 2.4511 | +0.012% | $12.7M | $6.1M | 5x | as long as short |
| Aster PENDLEUSDT | +0.0100% | 8h | 2.4479 | −0.119% | $46K | $169K | 10x | as long as short |
| Bybit PENDLEUSDT | +0.0100% | 8h | 2.4470 | −0.155% | $14.3M | $12.2M | 50x | as long as short |
| OKX PENDLE-USDT-SWAP | +0.0100% | 4h | 2.4480 | −0.114% | $3.1M | $6.7M | 50x | as long as short |
| KuCoin PENDLEUSDTM | +0.0100% | 8h | 2.4504 | −0.016% | $872K | $549K | 50x | as long as short |
| Bitget PENDLEUSDT | +0.0100% | 8h | 2.4483 | −0.102% | $3.8M | $2.4M | 75x | as long as short |
| BingX PENDLE-USDT | +0.0100% | 8h | 2.4490 | −0.073% | — | $8.2M | — | as long as short |
| Variational Omni PENDLE | +0.0100% | 8h | 2.4496 | −0.050% | $595K | $1.4M | — | as long as short |
| edgeX PENDLEUSDC | +0.0100% | 4h | 2.4502 | −0.023% | $24K | $370K | 10x | as long as short |
| GRVT PENDLE_USDT_Perp | +0.0100% | 8h | 2.4496 | −0.048% | $412K | $2.4M | 10x | as long as short |
| ApeX Omni PENDLEUSDTlong | +0.0100% | 1h | 2.4508 | long leg | $75K | $233K | 50x | |
| Polymarket Perps PENDLE-USD | +0.0100% | 1h | 2.4500 | −0.033% | $16K | $4K | 5x | as long as short |
| SunX PENDLE-USDT | +0.0100% | 8h | 2.4520 | +0.049% | $2K | $1.8M | 20x | as long as short |
| GMX PENDLE/USD [PENDLE-USDC] | L +0.0196% / S −0.0222% | 1h | 2.4497 | −0.044% | $5K | — | 100x | as long as short |
| Backpack PENDLE_USDC_PERP | +0.0530% | 1h | 2.4547 | +0.159% | $351K | $434K | 15x | as long as short |
| Coinbase International PENDLE-PERP-INTX | +0.0688% | 1h | 2.4550 | +0.171% | $158K | $507K | 25x | as long as short |
| Kraken Futures PF_PENDLEUSD | +0.1660% | 1h | 2.4555 | +0.193% | $115K | $260K | 20x | as long as short |
Aevo PENDLE-PERP
Paradex PENDLE-USD-PERP
Hyperliquid PENDLE
Aster PENDLEUSDT
Bybit PENDLEUSDT
OKX PENDLE-USDT-SWAP
KuCoin PENDLEUSDTM
Bitget PENDLEUSDT
BingX PENDLE-USDT
Variational Omni PENDLE
edgeX PENDLEUSDC
GRVT PENDLE_USDT_Perp
Polymarket Perps PENDLE-USD
SunX PENDLE-USDT
GMX PENDLE/USD [PENDLE-USDC]
Backpack PENDLE_USDC_PERP
Coinbase International PENDLE-PERP-INTX
Kraken Futures PF_PENDLEUSD