PENDLE

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0011%/8h= −1.2% APRnext payment −$0.11 per $10,000 · paid last 24h +0.009%

Price spread now: Gate against MEXC−0.025%7-day average −0.049% · you buy dearer than you sell

Net, funding: paid 7d − costs−$52as in the Funding arb table

Net, price: spread back to 7d avg − costs−$54as in the Price arb table

costs, in and out, $10k−$560.561% of the position

Long on MEXC Short on Gate

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−0.023%−$2 · spread now −0.025%, 7d avg −0.049%

Together, before fees+0.018%+$2 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Gate is 0.025% dearer against MEXC than usual: you sell high and buy low (spread −0.025% now, against its 7-day average of −0.049%): +$2 on $10k if it goes back. Holding the pair costs $0 a day in funding at the current rate, which eats that in about 7.5 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC PENDLE_USDT	2.4436	−0.0037	get 0.0037% / 8h	3h 01m	$17.3M	$2.0M	125x
Short	Gate PENDLE_USDT	2.4430	−0.0048	pay 0.0048% / 8h	3h 01m	$717K	$1.1M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against MEXC. 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 MEXCbpFee GatebpOrdersPrice spread, now −0.025%Rate

Funding earned: −$2.31
Price spread: −0.025% → −0.049%: $2.48
Slippage, 4 orders: −$37.08
Fee MEXC: 2 bp × 2 orders: −$4
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$55.91
Costs to cover: 0.561%
Break-even: never at this rate

Slippage from MEXC: live order book, 2 min ago; Gate: live order book, 1 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 MEXC live order book, 2 min ago	0.61 bp	6.3 bp −$6	30.7 bp −$307	99.2 bp −$9,922	doesn't fit
Sell Gate live order book, 1 min ago	4.09 bp	19.7 bp −$20	127.9 bp −$1,279	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	−0.4243%	1h	2.4300	−0.557%	$2K	$54K	5.5x	as long as short
Gate PENDLE_USDTshort	−0.0048%	8h	2.4430	−0.025%	$717K	$1.1M	75x
Extended PENDLE-USD	−0.0040%	1h	2.4418	−0.075%	$157K	$579K	10x	as long as short
Binance PENDLEUSDT	−0.0037%	8h	2.4446	+0.043%	$25.8M	$44.4M	75x	as long as short
MEXC PENDLE_USDTlong	−0.0037%	8h	2.4436	long leg	$17.3M	$2.0M	125x
Orderly PERP_PENDLE_USDC	−0.0037%	8h	2.4424	−0.049%	$19K	$15K	10x	as long as short
BloFin PENDLE-USDT	−0.0022%	8h	2.4437	+0.004%	$1.1M	$609K	75x	as long as short
dYdX PENDLE-USD	0.0000%	1h	2.4450	+0.058%	$10K	—	5x	as long as short
Deribit PENDLE_USDC-PERPETUAL	0.0000%	1h	2.4433	−0.012%	$24K	$15K	10x	as long as short
ApeX Omni PENDLEUSDT	+0.0023%	1h	2.4461	+0.102%	$74K	$233K	50x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster PENDLEUSDT	+0.0053%	8h	2.4448	+0.049%	$46K	$171K	10x	as long as short
GRVT PENDLE_USDT_Perp	+0.0062%	8h	2.4502	+0.271%	$415K	$2.1M	10x	as long as short
Reya PENDLERUSDPERP	+0.0071%	1h	2.4432	−0.015%	$3K	—	15x	as long as short
Aevo PENDLE-PERP	+0.0072%	1h	2.4416	−0.083%	$26K	—	3x	as long as short
Variational Omni PENDLE	+0.0089%	8h	2.4416	−0.083%	$548K	$1.4M	—	as long as short
Lighter PENDLE	+0.0096%	1h	2.4440	+0.016%	$515K	$432K	5x	as long as short
Paradex PENDLE-USD-PERP	+0.0100%	8h	2.4424	−0.050%	$34K	$11K	10x	as long as short
Bybit PENDLEUSDT	+0.0100%	8h	2.4440	+0.016%	$14.3M	$12.0M	50x	as long as short
OKX PENDLE-USDT-SWAP	+0.0100%	4h	2.4460	+0.098%	$3.1M	$6.4M	50x	as long as short
KuCoin PENDLEUSDTM	+0.0100%	8h	2.4438	+0.008%	$862K	$554K	50x	as long as short
Bitget PENDLEUSDT	+0.0100%	8h	2.4427	−0.037%	$3.6M	$2.3M	75x	as long as short
BingX PENDLE-USDT	+0.0100%	8h	2.4444	+0.033%	—	$8.4M	—	as long as short
edgeX PENDLEUSDC	+0.0100%	4h	2.4464	+0.115%	$24K	$376K	10x	as long as short
Polymarket Perps PENDLE-USD	+0.0100%	1h	2.4454	+0.074%	$16K	$7K	5x	as long as short
SunX PENDLE-USDT	+0.0100%	8h	2.4433	−0.012%	$1K	$1.8M	20x	as long as short
GMX PENDLE/USD [PENDLE-USDC]	L +0.0196% / S −0.0222%	1h	2.4428	−0.031%	$5K	—	100x	as long as short
Hyperliquid PENDLE	+0.0305%	1h	2.4470	+0.139%	$12.6M	$6.1M	5x	as long as short
Coinbase International PENDLE-PERP-INTX	+0.0640%	1h	2.4460	+0.098%	$150K	$507K	25x	as long as short
Backpack PENDLE_USDC_PERP	+0.0715%	1h	2.4480	+0.180%	$353K	$402K	15x	as long as short
Kraken Futures PF_PENDLEUSD	+0.1189%	1h	2.4491	+0.223%	$115K	$264K	20x	as long as short