PENDLE

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0058%/8h= −6.4% APRnext payment −$0.07 per $10,000 · paid last 24h −0.001%

Price spread now: ApeX Omni against Extended−0.054%92s7-day average +0.136% · you buy dearer than you sell

Net, funding: paid 7d − costs−$59as 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−$510.508% of the position

Long on Extended Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days−0.079%−$8 on $10k

Price spread, last 3 days (all we have)+0.481%+$48 · spread now −0.054%, 7d avg +0.136%

Together, before fees+0.402%+ Points / potential airdropExtended: Active · farm board+$40 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 ApeX Omni is 0.190% cheaper against Extended than usual: you would sell low and buy high (−$19 if the spread goes back to its 7-day average of +0.136%). Swap the legs. The two prices were read 92 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	Extended PENDLE-USD	2.4916	0.0008	pay 0.0001% / 1h	19m 55s	$164K	$526K	10x
Short	ApeX Omni PENDLEUSDT	2.4903	−0.0050	pay 0.0006% / 1h	19m 55s	$76K	$239K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against Extended. 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 ExtendedbpFee ApeX OmnibpOrdersPrice spread, now −0.054%Rate

Funding earned: −$12.2
Price spread: −0.054% → +0.136%: −$18.99
Slippage, 4 orders: −$35.81
Fee Extended: 2.5 bp × 2 orders: −$5
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$82
Costs to cover: 0.508%
Break-even: never at this rate

Slippage from Extended: live order book, 63 min ago; ApeX Omni: live order book, 61 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 Extended live order book, 63 min ago	0.99 bp	13.6 bp −$14	110.6 bp −$1,106	doesn't fit	doesn't fit
Sell ApeX Omni live order book, 61 min ago	3.37 bp	11.6 bp −$12	97.6 bp −$976	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	−0.3656%	1h	2.4770	−0.588%	$2K	$53K	5.5x	as long as short
Deribit PENDLE_USDC-PERPETUAL	−0.0111%	1h	2.4950	+0.135%	$29K	$10K	10x	as long as short
ApeX Omni PENDLEUSDTshort	−0.0050%	1h	2.4903	−0.054%	$76K	$239K	50x
BloFin PENDLE-USDT	−0.0008%	8h	2.4954	+0.151%	$1.3M	$737K	75x	as long as short
dYdX PENDLE-USD	0.0000%	1h	2.4968	+0.209%	$10K	—	5x	as long as short
MEXC PENDLE_USDT	+0.0005%	8h	2.4927	+0.043%	$16.9M	$2.1M	125x	as long as short
Binance PENDLEUSDT	+0.0006%	8h	2.4923	+0.028%	$26.9M	$40.9M	75x	as long as short
Extended PENDLE-USDlong	+0.0008%	1h	2.4916	long leg	$164K	$526K	10x
Orderly PERP_PENDLE_USDC	+0.0019%	8h	2.4936	+0.079%	$20K	$16K	10x	as long as short
Reya PENDLERUSDPERP	+0.0041%	1h	2.4952	+0.141%	$4K	—	15x	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	+0.0065%	8h	2.4937	+0.082%	$551K	$2.0M	—	as long as short
GRVT PENDLE_USDT_Perp	+0.0080%	8h	2.4945	+0.114%	$414K	$1.6M	10x	as long as short
Aevo PENDLE-PERP	+0.0080%	1h	2.4941	+0.099%	$26K	—	3x	as long as short
Lighter PENDLE	+0.0096%	1h	2.4942	+0.103%	$525K	$424K	5x	as long as short
Paradex PENDLE-USD-PERP	+0.0100%	8h	2.4951	+0.141%	$35K	$20K	10x	as long as short
Hyperliquid PENDLE	+0.0100%	1h	2.4974	+0.231%	$12.3M	$6.0M	5x	as long as short
Aster PENDLEUSDT	+0.0100%	8h	2.4943	+0.106%	$44K	$176K	10x	as long as short
Bybit PENDLEUSDT	+0.0100%	8h	2.4920	+0.014%	$15.3M	$11.9M	50x	as long as short
OKX PENDLE-USDT-SWAP	+0.0100%	4h	2.4930	+0.055%	$3.2M	$5.9M	50x	as long as short
Gate PENDLE_USDT	+0.0100%	8h	2.4920	+0.014%	$782K	$1.2M	75x	as long as short
KuCoin PENDLEUSDTM	+0.0100%	8h	2.4952	+0.143%	$892K	$614K	50x	as long as short
Bitget PENDLEUSDT	+0.0100%	8h	2.4908	−0.034%	$3.7M	$2.7M	75x	as long as short
BingX PENDLE-USDT	+0.0100%	8h	2.4932	+0.063%	—	$36.2M	—	as long as short
edgeX PENDLEUSDC	+0.0100%	4h	2.4884	−0.129%	$25K	$396K	10x	as long as short
Polymarket Perps PENDLE-USD	+0.0100%	1h	2.4982	+0.263%	$16K	$20K	5x	as long as short
SunX PENDLE-USDT	+0.0100%	8h	2.4983	+0.267%	$1K	$1.7M	20x	as long as short
GMX PENDLE/USD [PENDLE-USDC]	L +0.0199% / S −0.0256%	1h	2.4970	+0.216%	$5K	—	100x	as long as short
Coinbase International PENDLE-PERP-INTX	+0.0592%	1h	2.5020	+0.416%	$139K	$462K	25x	as long as short
Backpack PENDLE_USDC_PERP	+0.0688%	1h	2.4985	+0.275%	$353K	$474K	15x	as long as short
Kraken Futures PF_PENDLEUSD	+0.0754%	1h	2.4994	+0.310%	$120K	$304K	20x	as long as short