PENDLE

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0066%/8h= −7.2% APRnext payment −$0.66 per $10,000 · paid last 24h −0.017%

Price spread now: MEXC against KuCoin−0.065%7-day average +0.021% · you buy dearer than you sell

Net, funding: paid 7d − costs−$121as in the Funding arb table

Net, price: spread back to 7d avg − costs−$121as in the Price arb table

costs, in and out, $10k−$1131.128% of the position

Long on KuCoin Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days−0.085%−$8 on $10k

Price spread, last 7 days+0.147%+$15 · spread now −0.065%, 7d avg +0.021%

Together, before fees+0.062%+$6 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 0.086% cheaper against KuCoin than usual: you would sell low and buy high (−$9 if the spread goes back to its 7-day average of +0.021%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin PENDLEUSDTM	2.4598	0.0100	pay 0.0100% / 8h	2h 01m	$876K	$561K	50x
Short	MEXC PENDLE_USDT	2.4582	0.0034	get 0.0034% / 8h	2h 01m	$17.5M	$2.0M	125x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC against KuCoin. 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 KuCoinbpFee MEXCbpOrdersPrice spread, now −0.065%Rate

Funding earned: −$13.86
Price spread: −0.065% → +0.021%: −$8.63
Slippage, 4 orders: −$96.77
Fee KuCoin: 6 bp × 2 orders: −$12
Fee MEXC: 2 bp × 2 orders: −$4
Net: −$135.26
Costs to cover: 1.128%
Break-even: never at this rate

Slippage from KuCoin: live order book, 28 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 KuCoin live order book, 28 min ago	7.15 bp	50.6 bp −$51	149.9 bp −$1,499	doesn't fit	doesn't fit
Sell MEXC live order book, 2 min ago	0.41 bp	5.4 bp −$5	30.0 bp −$300	77.4 bp −$7,737	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	−0.3926%	1h	2.4410	−0.764%	$2K	$54K	5.5x	as long as short
Deribit PENDLE_USDC-PERPETUAL	−0.0075%	1h	2.4585	−0.053%	$25K	$16K	10x	as long as short
Orderly PERP_PENDLE_USDC	−0.0034%	8h	2.4581	−0.069%	$19K	$15K	10x	as long as short
Gate PENDLE_USDT	−0.0004%	8h	2.4580	−0.073%	$746K	$1.1M	75x	as long as short
dYdX PENDLE-USD	0.0000%	1h	2.4606	+0.031%	$10K	—	5x	as long as short
MEXC PENDLE_USDTshort	+0.0034%	8h	2.4582	−0.065%	$17.5M	$2.0M	125x
Binance PENDLEUSDT	+0.0037%	8h	2.4573	−0.103%	$25.9M	$44.9M	75x	as long as short
Extended PENDLE-USD	+0.0040%	1h	2.4572	−0.107%	$160K	$574K	10x	as long as short
BloFin PENDLE-USDT	+0.0054%	8h	2.4577	−0.085%	$1.1M	$531K	75x	as long as short
Reya PENDLERUSDPERP	+0.0076%	1h	2.4589	−0.038%	$3K	—	15x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aevo PENDLE-PERP	+0.0088%	1h	2.4584	−0.057%	$26K	—	3x	as long as short
Lighter PENDLE	+0.0096%	1h	2.4590	−0.033%	$520K	$427K	5x	as long as short
Paradex PENDLE-USD-PERP	+0.0100%	8h	2.4577	−0.087%	$34K	$9K	10x	as long as short
Hyperliquid PENDLE	+0.0100%	1h	2.4619	+0.085%	$12.7M	$6.1M	5x	as long as short
Aster PENDLEUSDT	+0.0100%	8h	2.4590	−0.033%	$47K	$170K	10x	as long as short
Bybit PENDLEUSDT	+0.0100%	8h	2.4570	−0.114%	$14.3M	$12.2M	50x	as long as short
OKX PENDLE-USDT-SWAP	+0.0100%	4h	2.4600	+0.008%	$3.1M	$6.6M	50x	as long as short
KuCoin PENDLEUSDTMlong	+0.0100%	8h	2.4598	long leg	$876K	$561K	50x
Bitget PENDLEUSDT	+0.0100%	8h	2.4593	−0.020%	$3.8M	$2.4M	75x	as long as short
BingX PENDLE-USDT	+0.0100%	8h	2.4594	−0.016%	—	$8.4M	—	as long as short
Variational Omni PENDLE	+0.0100%	8h	2.4566	−0.131%	$562K	$1.4M	—	as long as short
edgeX PENDLEUSDC	+0.0100%	4h	2.4538	−0.245%	$24K	$373K	10x	as long as short
GRVT PENDLE_USDT_Perp	+0.0100%	8h	2.4544	−0.220%	$413K	$2.2M	10x	as long as short
ApeX Omni PENDLEUSDT	+0.0100%	1h	2.4599	+0.004%	$75K	$233K	50x	as long as short
Polymarket Perps PENDLE-USD	+0.0100%	1h	2.4608	+0.041%	$16K	$7K	5x	as long as short
SunX PENDLE-USDT	+0.0100%	8h	2.4585	−0.053%	$2K	$1.8M	20x	as long as short
GMX PENDLE/USD [PENDLE-USDC]	L +0.0196% / S −0.0222%	1h	2.4588	−0.040%	$5K	—	100x	as long as short
Coinbase International PENDLE-PERP-INTX	+0.0592%	1h	2.4650	+0.211%	$161K	$539K	25x	as long as short
Backpack PENDLE_USDC_PERP	+0.0783%	1h	2.4638	+0.163%	$354K	$432K	15x	as long as short
Kraken Futures PF_PENDLEUSD	+0.1184%	1h	2.4632	+0.139%	$116K	$264K	20x	as long as short