PENDLE

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC+0.0346%/8h= +37.9% APRnext payment +$0.43 per $10,000 · paid last 24h +0.061%

Price spread now: ApeX Omni against Deribit+0.004%74s7-day average — · you sell dearer than you buy

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

Long on Deribit Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

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

Together, before fees—needs both histories

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: +$10 a day on $10k at the current rate. The two prices were read 74 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	Deribit PENDLE_USDC-PERPETUAL	2.4184	−0.0246	get 0.0031% / 1h	8m 02s	$24K	$10K	10x
Short	ApeX Omni PENDLEUSDT	2.4185	0.0100	get 0.0013% / 1h	8m 02s	$74K	$235K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against Deribit. 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 DeribitbpFee ApeX OmnibpOrdersPrice spread, now +0.004%Rate

Funding earned: $72.65
Price spread: +0.004% → 0.000%: $0.41
Slippage, 4 orders: no order book: not counted
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: $56.06
Costs to cover: 0.170%
Break-even: 1.6 days

Slippage unknown: Deribit: no order-book sample; ApeX Omni: live order book, 31 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 Deribit no order-book sample	—	—	—	—	—
Sell ApeX Omni live order book, 31 min ago	5.59 bp	13.3 bp −$13	90.3 bp −$903	doesn't fit	doesn't fit

Deribit: 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 30 exchanges

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	−0.3596%	1h	2.3930	−1.050%	$2K	$52K	5.5x	as long as short
Deribit PENDLE_USDC-PERPETUALlong	−0.0246%	1h	2.4184	long leg	$24K	$10K	10x
Kraken Futures PF_PENDLEUSD	−0.0138%	1h	2.4210	+0.106%	$126K	$255K	20x	as long as short
Binance PENDLEUSDT	−0.0066%	8h	2.4182	−0.008%	$24.9M	$47.3M	75x	as long as short
MEXC PENDLE_USDT	−0.0065%	8h	2.4176	−0.033%	$18.6M	$2.1M	125x	as long as short
Extended PENDLE-USD	−0.0064%	1h	2.4170	−0.060%	$155K	$938K	10x	as long as short
BloFin PENDLE-USDT	−0.0059%	8h	2.4181	−0.012%	$1.1M	$524K	75x	as long as short
Aster PENDLEUSDT	−0.0029%	8h	2.4188	+0.017%	$49K	$165K	10x	as long as short
Orderly PERP_PENDLE_USDC	−0.0008%	8h	2.4174	−0.041%	$18K	$15K	10x	as long as short
dYdX PENDLE-USD	0.0000%	1h	2.4199	+0.061%	$10K	—	5x	as long as short

Show all 30 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT PENDLE_USDT_Perp	+0.0043%	8h	2.4143	−0.170%	$406K	$3.3M	10x	as long as short
Aevo PENDLE-PERP	+0.0064%	1h	2.4175	−0.036%	$25K	—	3x	as long as short
Variational Omni PENDLE	+0.0087%	8h	2.4123	−0.251%	$553K	$862K	—	as long as short
Lighter PENDLE	+0.0096%	1h	2.4198	+0.058%	$642K	$539K	5x	as long as short
Paradex PENDLE-USD-PERP	+0.0100%	8h	2.4160	−0.098%	$34K	—	10x	as long as short
Bybit PENDLEUSDT	+0.0100%	8h	2.4175	−0.037%	$14.5M	$12.1M	50x	as long as short
OKX PENDLE-USDT-SWAP	+0.0100%	4h	2.4200	+0.066%	$3.1M	$6.9M	50x	as long as short
Gate PENDLE_USDT	+0.0100%	8h	2.4180	−0.017%	$812K	$934K	75x	as long as short
KuCoin PENDLEUSDTM	+0.0100%	8h	2.4180	−0.017%	$637K	$503K	50x	as long as short
Bitget PENDLEUSDT	+0.0100%	8h	2.4189	+0.021%	$3.9M	$2.6M	75x	as long as short
BingX PENDLE-USDT	+0.0100%	8h	2.4180	−0.017%	—	$8.1M	—	as long as short
edgeX PENDLEUSDC	+0.0100%	4h	2.4251	+0.278%	$22K	$361K	10x	as long as short
ApeX Omni PENDLEUSDTshort	+0.0100%	1h	2.4185	+0.004%	$74K	$235K	50x
Polymarket Perps PENDLE-USD	+0.0100%	1h	2.4197	+0.054%	$16K	$4K	5x	as long as short
SunX PENDLE-USDT	+0.0100%	8h	2.4186	+0.008%	$2K	$1.8M	20x	as long as short
Reya PENDLERUSDPERP	+0.0105%	1h	2.4184	−0.001%	$3K	—	15x	as long as short
GMX PENDLE/USD [PENDLE-USDC]	L +0.0174% / S −0.0164%	1h	2.4186	+0.010%	$5K	—	100x	as long as short
Hyperliquid PENDLE	+0.0208%	1h	2.4233	+0.203%	$12.9M	$5.7M	5x	as long as short
Coinbase International PENDLE-PERP-INTX	+0.0600%	1h	2.4230	+0.190%	$163K	$533K	25x	as long as short
Backpack PENDLE_USDC_PERP	+0.1049%	1h	2.4238	+0.223%	$360K	$382K	15x	as long as short