PENDLE

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0039%/8h= −4.2% APRnext payment −$0.39 per $10,000 · paid last 24h −0.042%

Price spread now: Variational Omni against Gate−0.748%7-day average −0.006% · you buy dearer than you sell

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

Long on Gate Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.094%−$9 on $10k

Price spread, last 4 days (all we have)+0.036%+$4 · spread now −0.748%, 7d avg −0.006%

Together, before fees−0.058%+ Points / potential airdropVariational Omni: Active · farm board−$6 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Variational Omni is 0.743% cheaper against Gate than usual: you would sell low and buy high (−$74 if the spread goes back to its 7-day average of −0.006%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate PENDLE_USDT	2.5170	0.0100	pay 0.0100% / 8h	55m 50s	$783K	$1.2M	75x
Short	Variational Omni PENDLE	2.4982	0.0061	get 0.0061% / 8h	55m 50s	$552K	$2.0M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against Gate. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 Variational OmnibpOrdersPrice spread, now −0.748%Rate

Funding earned: −$8.09
Price spread: −0.748% → −0.006%: −$74.28
Slippage, 4 orders: no order book: not counted
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$97.37
Costs to cover: 0.150%
Break-even: never at this rate

Slippage unknown: Gate: live order book, 1 min ago; Variational Omni: RFQ quote, 3 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 Gate live order book, 1 min ago	3.98 bp	23.3 bp −$23	202.2 bp −$2,022	doesn't fit	doesn't fit
Sell Variational Omni RFQ quote, 3 min ago	6.72 bp	doesn't fit	45.1 bp −$451	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	−0.5000%	1h	2.4740	−1.708%	$2K	$54K	5.5x	as long as short
ApeX Omni PENDLEUSDT	−0.0049%	1h	2.5046	−0.493%	$76K	$239K	50x	as long as short
Extended PENDLE-USD	−0.0008%	1h	2.5139	−0.122%	$165K	$528K	10x	as long as short
MEXC PENDLE_USDT	−0.0008%	8h	2.5156	−0.056%	$17.0M	$1.9M	125x	as long as short
Binance PENDLEUSDT	−0.0007%	8h	2.5157	−0.050%	$27.2M	$41.5M	75x	as long as short
BloFin PENDLE-USDT	−0.0007%	8h	2.5102	−0.270%	$1.3M	$755K	75x	as long as short
dYdX PENDLE-USD	0.0000%	1h	2.5106	−0.253%	$11K	—	5x	as long as short
Deribit PENDLE_USDC-PERPETUAL	0.0000%	1h	2.5165	−0.020%	$30K	$10K	10x	as long as short
Orderly PERP_PENDLE_USDC	+0.0009%	8h	2.5151	−0.075%	$20K	$16K	10x	as long as short
Reya PENDLERUSDPERP	+0.0043%	1h	2.5148	−0.088%	$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 PENDLEshort	+0.0061%	8h	2.4982	−0.748%	$552K	$2.0M	—
GRVT PENDLE_USDT_Perp	+0.0065%	8h	2.5031	−0.552%	$416K	$1.6M	10x	as long as short
Aevo PENDLE-PERP	+0.0080%	1h	2.5147	−0.091%	$26K	—	3x	as long as short
Lighter PENDLE	+0.0096%	1h	2.5160	−0.040%	$530K	$415K	5x	as long as short
Paradex PENDLE-USD-PERP	+0.0100%	8h	2.5106	−0.253%	$35K	$18K	10x	as long as short
Hyperliquid PENDLE	+0.0100%	1h	2.5175	+0.020%	$12.4M	$6.1M	5x	as long as short
Aster PENDLEUSDT	+0.0100%	8h	2.5162	−0.031%	$44K	$177K	10x	as long as short
Bybit PENDLEUSDT	+0.0100%	8h	2.5143	−0.107%	$15.5M	$11.9M	50x	as long as short
OKX PENDLE-USDT-SWAP	+0.0100%	4h	2.5140	−0.119%	$3.3M	$6.0M	50x	as long as short
Gate PENDLE_USDTlong	+0.0100%	8h	2.5170	long leg	$783K	$1.2M	75x
KuCoin PENDLEUSDTM	+0.0100%	8h	2.5189	+0.075%	$896K	$597K	50x	as long as short
Bitget PENDLEUSDT	+0.0100%	8h	2.5120	−0.199%	$3.7M	$2.7M	75x	as long as short
BingX PENDLE-USDT	+0.0100%	8h	2.5150	−0.079%	—	$35.7M	—	as long as short
edgeX PENDLEUSDC	+0.0100%	4h	2.5027	−0.568%	$25K	$395K	10x	as long as short
Polymarket Perps PENDLE-USD	+0.0100%	1h	2.5165	−0.020%	$16K	$20K	5x	as long as short
SunX PENDLE-USDT	+0.0100%	8h	2.5174	+0.016%	$2K	$1.8M	20x	as long as short
GMX PENDLE/USD [PENDLE-USDC]	L +0.0199% / S −0.0256%	1h	2.5161	−0.037%	$5K	—	100x	as long as short
Kraken Futures PF_PENDLEUSD	+0.0595%	1h	2.5212	+0.167%	$119K	$303K	20x	as long as short
Coinbase International PENDLE-PERP-INTX	+0.0600%	1h	2.5140	−0.119%	$140K	$457K	25x	as long as short
Backpack PENDLE_USDC_PERP	+0.1276%	1h	2.5212	+0.167%	$327K	$492K	15x	as long as short