PENDLE

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0006%/8h= +0.7% APRnext payment +$0.06 per $10,000 · paid last 24h −0.009%

Price spread now: MEXC against Gate−0.065%7-day average +0.050% · 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−$67as in the Price arb table

costs, in and out, $10k−$550.551% of the position

Long on Gate Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days−0.041%−$4 on $10k

Price spread, last 7 days+0.110%+$11 · spread now −0.065%, 7d avg +0.050%

Together, before fees+0.069%+$7 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 0.115% cheaper against Gate than usual: you would sell low and buy high, −$11 on $10k if it goes back to its 7-day average of +0.050%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate PENDLE_USDT	2.4640	−0.0066	get 0.0066% / 8h	3h 51m	$716K	$1.1M	75x
Short	MEXC PENDLE_USDT	2.4624	−0.0060	pay 0.0060% / 8h	3h 51m	$17.4M	$1.9M	125x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC against Gate. 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 GatebpFee MEXCbpOrdersPrice spread, now −0.065%Rate

Funding earned: $1.26
Price spread: −0.065% → +0.050%: −$11.48
Slippage, 4 orders: −$36.12
Fee Gate: 7.5 bp × 2 orders: −$15
Fee MEXC: 2 bp × 2 orders: −$4
Net: −$65.35
Costs to cover: 0.551%
Break-even: 370.0 days

Slippage from Gate: live order book, 5 min ago; MEXC: live order book, 2 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 Gate live order book, 5 min ago	4.07 bp	18.3 bp −$18	138.2 bp −$1,382	doesn't fit	doesn't fit
Sell MEXC live order book, 2 min ago	1.22 bp	5.9 bp −$6	27.3 bp −$273	72.7 bp −$7,274	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	2.4370	−1.096%	$2K	$54K	5.5x	as long as short
ApeX Omni PENDLEUSDT	−0.0423%	1h	2.4629	−0.045%	$75K	$235K	50x	as long as short
Deribit PENDLE_USDC-PERPETUAL	−0.0318%	1h	2.4651	+0.045%	$25K	$14K	10x	as long as short
BloFin PENDLE-USDT	−0.0083%	8h	2.4651	+0.045%	$1.1M	$596K	75x	as long as short
Gate PENDLE_USDTlong	−0.0066%	8h	2.4640	long leg	$716K	$1.1M	75x
Extended PENDLE-USD	−0.0064%	1h	2.4617	−0.094%	$159K	$576K	10x	as long as short
Binance PENDLEUSDT	−0.0061%	8h	2.4617	−0.093%	$26.1M	$43.6M	75x	as long as short
MEXC PENDLE_USDTshort	−0.0060%	8h	2.4624	−0.065%	$17.4M	$1.9M	125x
Aster PENDLEUSDT	−0.0045%	8h	2.4651	+0.046%	$47K	$171K	10x	as long as short
Orderly PERP_PENDLE_USDC	−0.0041%	8h	2.4648	+0.032%	$19K	$15K	10x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
dYdX PENDLE-USD	0.0000%	1h	2.4656	+0.064%	$10K	—	5x	as long as short
GRVT PENDLE_USDT_Perp	+0.0054%	8h	2.4595	−0.184%	$408K	$1.9M	10x	as long as short
Aevo PENDLE-PERP	+0.0064%	1h	2.4616	−0.097%	$26K	—	3x	as long as short
Reya PENDLERUSDPERP	+0.0067%	1h	2.4644	+0.018%	$3K	—	15x	as long as short
Variational Omni PENDLE	+0.0070%	8h	2.4586	−0.220%	$552K	$1.4M	—	as long as short
Lighter PENDLE	+0.0096%	1h	2.4629	−0.045%	$516K	$428K	5x	as long as short
Paradex PENDLE-USD-PERP	+0.0100%	8h	2.4607	−0.132%	$34K	$11K	10x	as long as short
Bybit PENDLEUSDT	+0.0100%	8h	2.4610	−0.122%	$14.5M	$11.9M	50x	as long as short
OKX PENDLE-USDT-SWAP	+0.0100%	4h	2.4640	0.000%	$3.1M	$6.3M	50x	as long as short
KuCoin PENDLEUSDTM	+0.0100%	8h	2.4662	+0.089%	$886K	$550K	50x	as long as short
Bitget PENDLEUSDT	+0.0100%	8h	2.4637	−0.012%	$3.7M	$2.3M	75x	as long as short
BingX PENDLE-USDT	+0.0100%	8h	2.4634	−0.024%	—	$8.5M	—	as long as short
edgeX PENDLEUSDC	+0.0100%	4h	2.4627	−0.054%	$24K	$376K	10x	as long as short
Polymarket Perps PENDLE-USD	+0.0100%	1h	2.4666	+0.106%	$16K	$7K	5x	as long as short
SunX PENDLE-USDT	+0.0100%	8h	2.4658	+0.073%	$2K	$1.8M	20x	as long as short
Hyperliquid PENDLE	+0.0175%	1h	2.4666	+0.106%	$12.8M	$6.0M	5x	as long as short
GMX PENDLE/USD [PENDLE-USDC]	L +0.0196% / S −0.0222%	1h	2.4655	+0.062%	$5K	—	100x	as long as short
Backpack PENDLE_USDC_PERP	+0.0507%	1h	2.4679	+0.158%	$358K	$399K	15x	as long as short
Coinbase International PENDLE-PERP-INTX	+0.0640%	1h	2.4660	+0.081%	$147K	$496K	25x	as long as short
Kraken Futures PF_PENDLEUSD	+0.1180%	1h	2.4682	+0.172%	$115K	$268K	20x	as long as short