PENDLE

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0001%/8h= −0.1% APRnext payment −$0.01 per $10,000 · paid last 24h +0.001%

Price spread now: MEXC against BloFin+0.053%109s7-day average +0.009% · you sell dearer than you buy

Net, funding: paid 7d − costs−$36as 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−$360.362% of the position

Long on BloFin Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days+0.001%$0 on $10k

Price spread, last 4 days (all we have)−0.176%−$18 · spread now +0.053%, 7d avg +0.009%

Together, before fees−0.175%−$18 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: MEXC is 0.044% dearer against BloFin than usual: you sell high and buy low, +$4 on $10k if it goes back to its 7-day average of +0.009%. The two prices were read 109 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	BloFin PENDLE-USDT	2.4524	−0.0059	get 0.0059% / 8h	3h 23m	$1.1M	$594K	75x
Short	MEXC PENDLE_USDT	2.4537	−0.0060	pay 0.0060% / 8h	3h 23m	$17.4M	$2.0M	125x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC against BloFin. 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 BloFinbpFee MEXCbpOrdersPrice spread, now +0.053%Rate

Funding earned: −$0.22
Price spread: +0.053% → +0.009%: $4.42
Slippage, 4 orders: −$20.15
Fee BloFin: 6 bp × 2 orders: −$12
Fee MEXC: 2 bp × 2 orders: −$4
Net: −$31.95
Costs to cover: 0.362%
Break-even: never at this rate

Slippage from BloFin: live order book, 9 min ago; MEXC: live order book, 5 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 BloFin live order book, 9 min ago	0.61 bp	13.9 bp −$14	25.4 bp −$254	doesn't fit	doesn't fit
Sell MEXC live order book, 5 min ago	1.22 bp	5.6 bp −$6	22.6 bp −$226	88.6 bp −$8,855	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	−0.4243%	1h	2.4320	−0.832%	$2K	$54K	5.5x	as long as short
Deribit PENDLE_USDC-PERPETUAL	−0.0648%	1h	2.4480	−0.179%	$25K	$14K	10x	as long as short
ApeX Omni PENDLEUSDT	−0.0155%	1h	2.4544	+0.082%	$75K	$233K	50x	as long as short
Gate PENDLE_USDT	−0.0081%	8h	2.4490	−0.139%	$716K	$1.1M	75x	as long as short
Extended PENDLE-USD	−0.0064%	1h	2.4475	−0.200%	$158K	$576K	10x	as long as short
Binance PENDLEUSDT	−0.0063%	8h	2.4507	−0.069%	$26.0M	$44.3M	75x	as long as short
MEXC PENDLE_USDTshort	−0.0060%	8h	2.4537	+0.053%	$17.4M	$2.0M	125x
BloFin PENDLE-USDTlong	−0.0059%	8h	2.4524	long leg	$1.1M	$594K	75x
Orderly PERP_PENDLE_USDC	−0.0041%	8h	2.4470	−0.220%	$19K	$15K	10x	as long as short
dYdX PENDLE-USD	0.0000%	1h	2.4510	−0.057%	$10K	—	5x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster PENDLEUSDT	+0.0010%	8h	2.4552	+0.116%	$46K	$172K	10x	as long as short
GRVT PENDLE_USDT_Perp	+0.0033%	8h	2.4530	+0.025%	$415K	$2.0M	10x	as long as short
Variational Omni PENDLE	+0.0060%	8h	2.4510	−0.055%	$551K	$1.4M	—	as long as short
Aevo PENDLE-PERP	+0.0064%	1h	2.4458	−0.269%	$26K	—	3x	as long as short
Reya PENDLERUSDPERP	+0.0070%	1h	2.4535	+0.047%	$3K	—	15x	as long as short
Lighter PENDLE	+0.0096%	1h	2.4491	−0.135%	$514K	$428K	5x	as long as short
Paradex PENDLE-USD-PERP	+0.0100%	8h	2.4477	−0.193%	$34K	$11K	10x	as long as short
Bybit PENDLEUSDT	+0.0100%	8h	2.4500	−0.098%	$14.4M	$12.1M	50x	as long as short
OKX PENDLE-USDT-SWAP	+0.0100%	4h	2.4520	−0.016%	$3.1M	$6.4M	50x	as long as short
KuCoin PENDLEUSDTM	+0.0100%	8h	2.4539	+0.061%	$863K	$556K	50x	as long as short
Bitget PENDLEUSDT	+0.0100%	8h	2.4528	+0.016%	$3.7M	$2.3M	75x	as long as short
BingX PENDLE-USDT	+0.0100%	8h	2.4491	−0.135%	—	$8.4M	—	as long as short
edgeX PENDLEUSDC	+0.0100%	4h	2.4528	+0.015%	$24K	$375K	10x	as long as short
Polymarket Perps PENDLE-USD	+0.0100%	1h	2.4557	+0.135%	$16K	$7K	5x	as long as short
SunX PENDLE-USDT	+0.0100%	8h	2.4511	−0.053%	$2K	$1.8M	20x	as long as short
GMX PENDLE/USD [PENDLE-USDC]	L +0.0196% / S −0.0222%	1h	2.4493	−0.127%	$5K	—	100x	as long as short
Hyperliquid PENDLE	+0.0218%	1h	2.4571	+0.192%	$12.7M	$6.1M	5x	as long as short
Coinbase International PENDLE-PERP-INTX	+0.0640%	1h	2.4530	+0.024%	$146K	$498K	25x	as long as short
Backpack PENDLE_USDC_PERP	+0.0657%	1h	2.4525	+0.004%	$356K	$400K	15x	as long as short
Kraken Futures PF_PENDLEUSD	+0.1187%	1h	2.4536	+0.050%	$115K	$269K	20x	as long as short