PENDLE

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0050%/8h= −5.5% APRnext payment −$0.50 per $10,000 · paid last 24h −0.051%

Price spread now: Variational Omni against KuCoin−0.058%7-day average −0.036% · you buy dearer than you sell

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

Long on KuCoin Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.102%−$10 on $10k

Price spread, last 7 days+0.063%+$6 · spread now −0.058%, 7d avg −0.036%

Together, before fees−0.039%+ Points / potential airdropVariational Omni: Active · farm board−$4 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 Variational Omni is 0.022% cheaper against KuCoin than usual: you would sell low and buy high (−$2 if the spread goes back to its 7-day average of −0.036%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin PENDLEUSDTM	2.5049	0.0100	pay 0.0100% / 8h	2h 05m	$894K	$608K	50x
Short	Variational Omni PENDLE	2.5034	0.0050	get 0.0050% / 8h	2h 05m	$616K	$2.1M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni 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 Variational OmnibpOrdersPrice spread, now −0.058%Rate

Funding earned: −$10.56
Price spread: −0.058% → −0.036%: −$2.24
Slippage, 4 orders: no order book: not counted
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$24.79
Costs to cover: 0.120%
Break-even: never at this rate

Slippage unknown: KuCoin: live order book, 8 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 KuCoin live order book, 8 min ago	8.16 bp	53.2 bp −$53	173.5 bp −$1,735	doesn't fit	doesn't fit
Sell Variational Omni RFQ quote, 3 min ago	6.70 bp	doesn't fit	46.9 bp −$469	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	−0.4806%	1h	2.4840	−0.834%	$2K	$53K	5.5x	as long as short
Kraken Futures PF_PENDLEUSD	−0.0431%	1h	2.5111	+0.246%	$149K	$275K	20x	as long as short
Deribit PENDLE_USDC-PERPETUAL	−0.0109%	1h	2.5068	+0.076%	$30K	$10K	10x	as long as short
dYdX PENDLE-USD	0.0000%	1h	2.5075	+0.102%	$11K	—	5x	as long as short
BloFin PENDLE-USDT	+0.0029%	8h	2.5068	+0.076%	$1.3M	$737K	75x	as long as short
Orderly PERP_PENDLE_USDC	+0.0033%	8h	2.5054	+0.020%	$25K	$11K	10x	as long as short
Reya PENDLERUSDPERP	+0.0037%	1h	2.5045	−0.017%	$4K	—	15x	as long as short
Extended PENDLE-USD	+0.0040%	1h	2.5049	+0.002%	$165K	$524K	10x	as long as short
Binance PENDLEUSDT	+0.0041%	8h	2.5055	+0.026%	$27.2M	$39.4M	75x	as long as short
MEXC PENDLE_USDT	+0.0043%	8h	2.5055	+0.024%	$16.9M	$2.3M	125x	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	+0.0050%	8h	2.5034	−0.058%	$616K	$2.1M	—
ApeX Omni PENDLEUSDT	+0.0074%	1h	2.5055	+0.024%	$76K	$240K	50x	as long as short
Aevo PENDLE-PERP	+0.0088%	1h	2.5061	+0.049%	$26K	—	3x	as long as short
Lighter PENDLE	+0.0096%	1h	2.5057	+0.032%	$543K	$398K	5x	as long as short
Paradex PENDLE-USD-PERP	+0.0100%	8h	2.5045	−0.015%	$35K	$22K	10x	as long as short
Hyperliquid PENDLE	+0.0100%	1h	2.5081	+0.128%	$12.3M	$5.6M	5x	as long as short
Aster PENDLEUSDT	+0.0100%	8h	2.5060	+0.045%	$41K	$172K	10x	as long as short
Bybit PENDLEUSDT	+0.0100%	8h	2.5040	−0.036%	$15.5M	$12.0M	50x	as long as short
OKX PENDLE-USDT-SWAP	+0.0100%	4h	2.5050	+0.004%	$3.2M	$5.7M	50x	as long as short
Gate PENDLE_USDT	+0.0100%	8h	2.5050	+0.004%	$854K	$1.1M	75x	as long as short
KuCoin PENDLEUSDTMlong	+0.0100%	8h	2.5049	long leg	$894K	$608K	50x
Bitget PENDLEUSDT	+0.0100%	8h	2.5045	−0.016%	$3.7M	$2.7M	75x	as long as short
BingX PENDLE-USDT	+0.0100%	8h	2.5058	+0.036%	—	$36.3M	—	as long as short
edgeX PENDLEUSDC	+0.0100%	4h	2.5061	+0.049%	$25K	$410K	10x	as long as short
GRVT PENDLE_USDT_Perp	+0.0100%	8h	2.5064	+0.061%	$423K	$1.6M	10x	as long as short
Polymarket Perps PENDLE-USD	+0.0100%	1h	2.5052	+0.012%	$16K	$19K	5x	as long as short
SunX PENDLE-USDT	+0.0100%	8h	2.5073	+0.096%	$2K	$1.7M	20x	as long as short
GMX PENDLE/USD [PENDLE-USDC]	L +0.0200% / S −0.0277%	1h	2.5062	+0.050%	$5K	—	100x	as long as short
Coinbase International PENDLE-PERP-INTX	+0.0560%	1h	2.5090	+0.164%	$116K	$417K	25x	as long as short
Backpack PENDLE_USDC_PERP	+0.0831%	1h	2.5113	+0.255%	$362K	$460K	15x	as long as short