PENDLE

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0058%/8h= −6.4% APRnext payment −$0.58 per $10,000 · paid last 24h +0.034%

Price spread now: MEXC against Bybit+0.020%7-day average +0.050% · you sell dearer than you buy

Net, funding: paid 7d − costs−$47as in the Funding arb table

Net, price: spread back to 7d avg − costs−$62as in the Price arb table

costs, in and out, $10k−$590.587% of the position

Long on Bybit Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days+0.119%+$12 on $10k

Price spread, last 7 days+0.005%+$1 · spread now +0.020%, 7d avg +0.050%

Together, before fees+0.124%+$12 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and MEXC is 0.030% cheaper against Bybit than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of +0.050%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.119%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit PENDLEUSDT	2.5056	0.0100	pay 0.0100% / 8h	2h 08m	$15.5M	$12.0M	50x
Short	MEXC PENDLE_USDT	2.5061	0.0042	get 0.0042% / 8h	2h 08m	$16.9M	$2.3M	125x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC against Bybit. 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 BybitbpFee MEXCbpOrdersPrice spread, now +0.020%Rate

Funding earned: −$12.18
Price spread: +0.020% → +0.050%: −$2.99
Slippage, 4 orders: −$43.68
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee MEXC: 2 bp × 2 orders: −$4
Net: −$73.85
Costs to cover: 0.587%
Break-even: never at this rate

Slippage from Bybit: live order book, 10 min ago; MEXC: live order book, 10 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 Bybit live order book, 10 min ago	3.97 bp	22.5 bp −$23	54.7 bp −$547	doesn't fit	doesn't fit
Sell MEXC live order book, 10 min ago	0.40 bp	5.0 bp −$5	27.8 bp −$278	83.4 bp −$8,341	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	−0.4806%	1h	2.4840	−0.862%	$2K	$53K	5.5x	as long as short
Kraken Futures PF_PENDLEUSD	−0.0432%	1h	2.5079	+0.091%	$149K	$275K	20x	as long as short
dYdX PENDLE-USD	0.0000%	1h	2.5079	+0.093%	$11K	—	5x	as long as short
Deribit PENDLE_USDC-PERPETUAL	0.0000%	1h	2.5075	+0.076%	$30K	$10K	10x	as long as short
Orderly PERP_PENDLE_USDC	+0.0034%	8h	2.5064	+0.032%	$25K	$11K	10x	as long as short
Reya PENDLERUSDPERP	+0.0037%	1h	2.5070	+0.055%	$4K	—	15x	as long as short
Extended PENDLE-USD	+0.0040%	1h	2.5054	−0.007%	$165K	$524K	10x	as long as short
BloFin PENDLE-USDT	+0.0041%	8h	2.5053	−0.012%	$1.3M	$737K	75x	as long as short
MEXC PENDLE_USDTshort	+0.0042%	8h	2.5061	+0.020%	$16.9M	$2.3M	125x
Binance PENDLEUSDT	+0.0044%	8h	2.5077	+0.083%	$27.2M	$39.4M	75x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni PENDLE	+0.0050%	8h	2.5034	−0.086%	$616K	$2.1M	—	as long as short
ApeX Omni PENDLEUSDT	+0.0069%	1h	2.5059	+0.012%	$76K	$240K	50x	as long as short
Aevo PENDLE-PERP	+0.0088%	1h	2.5070	+0.055%	$26K	—	3x	as long as short
Lighter PENDLE	+0.0096%	1h	2.5068	+0.048%	$543K	$397K	5x	as long as short
Paradex PENDLE-USD-PERP	+0.0100%	8h	2.5045	−0.043%	$35K	$22K	10x	as long as short
Hyperliquid PENDLE	+0.0100%	1h	2.5098	+0.168%	$12.3M	$5.6M	5x	as long as short
Aster PENDLEUSDT	+0.0100%	8h	2.5060	+0.015%	$41K	$172K	10x	as long as short
Bybit PENDLEUSDTlong	+0.0100%	8h	2.5056	long leg	$15.5M	$12.0M	50x
OKX PENDLE-USDT-SWAP	+0.0100%	4h	2.5080	+0.096%	$3.2M	$5.7M	50x	as long as short
Gate PENDLE_USDT	+0.0100%	8h	2.5060	+0.016%	$850K	$1.1M	75x	as long as short
KuCoin PENDLEUSDTM	+0.0100%	8h	2.5071	+0.060%	$894K	$608K	50x	as long as short
Bitget PENDLEUSDT	+0.0100%	8h	2.5055	−0.004%	$3.7M	$2.6M	75x	as long as short
BingX PENDLE-USDT	+0.0100%	8h	2.5053	−0.012%	—	$36.3M	—	as long as short
edgeX PENDLEUSDC	+0.0100%	4h	2.5052	−0.017%	$25K	$410K	10x	as long as short
GRVT PENDLE_USDT_Perp	+0.0100%	8h	2.5073	+0.067%	$423K	$1.6M	10x	as long as short
Polymarket Perps PENDLE-USD	+0.0100%	1h	2.5079	+0.092%	$16K	$19K	5x	as long as short
SunX PENDLE-USDT	+0.0100%	8h	2.5069	+0.052%	$2K	$1.7M	20x	as long as short
GMX PENDLE/USD [PENDLE-USDC]	L +0.0200% / S −0.0277%	1h	2.5073	+0.067%	$5K	—	100x	as long as short
Coinbase International PENDLE-PERP-INTX	+0.0560%	1h	2.5130	+0.295%	$116K	$418K	25x	as long as short
Backpack PENDLE_USDC_PERP	+0.0846%	1h	2.5114	+0.231%	$362K	$460K	15x	as long as short