PENDLE

Alert: funding

Alert: spread

Funding you earn now, next payment 16:00 UTC+0.0086%/8h= +9.4% APRnext payment +$0.86 per $10,000 · paid last 24h 0.000%

Price spread now: Orderly against MEXC0.000%7-day average — · you sell dearer than you buy

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

Long on MEXC Short on Orderly

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: +$3 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC PENDLE_USDT	2.4377	−0.0076	get 0.0076% / 8h	6h 18m	$18.5M	$2.2M	125x
Short	Orderly PERP_PENDLE_USDC	2.4377	0.0010	get 0.0010% / 8h	6h 18m	$18K	$14K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly 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 OrderlybpOrdersPrice spread, now 0.000%Rate

Funding earned: $18.01
Price spread: 0.000% → 0.000%: $0
Slippage, 4 orders: no order book: not counted
Fee MEXC: 2 bp × 2 orders: −$4
Fee Orderly: 3 bp × 2 orders: −$6
Net: $8.01
Costs to cover: 0.100%
Break-even: 3.9 days

Slippage unknown: MEXC: live order book, 3 min ago; Orderly: no order-book sample. 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 MEXC live order book, 3 min ago	0.20 bp	7.9 bp −$8	33.7 bp −$337	95.7 bp −$9,568	doesn't fit
Sell Orderly no order-book sample	—	—	—	—	—

Orderly: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

PENDLE on 30 exchanges

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	2.4660	+1.161%	$2K	$55K	5.5x	as long as short
BloFin PENDLE-USDT	−0.0096%	8h	2.4381	+0.016%	$1.1M	$517K	75x	as long as short
Extended PENDLE-USD	−0.0080%	1h	2.4368	−0.036%	$162K	$936K	10x	as long as short
Kraken Futures PF_PENDLEUSD	−0.0077%	1h	2.4403	+0.107%	$121K	$252K	20x	as long as short
Binance PENDLEUSDT	−0.0076%	8h	2.4359	−0.074%	$25.5M	$46.6M	75x	as long as short
MEXC PENDLE_USDTlong	−0.0076%	8h	2.4377	long leg	$18.5M	$2.2M	125x
ApeX Omni PENDLEUSDT	−0.0058%	1h	2.4386	+0.037%	$74K	$231K	50x	as long as short
GRVT PENDLE_USDT_Perp	−0.0001%	8h	2.4406	+0.117%	$403K	$2.9M	10x	as long as short
dYdX PENDLE-USD	0.0000%	1h	2.4400	+0.095%	$10K	—	5x	as long as short
Deribit PENDLE_USDC-PERPETUAL	0.0000%	1h	2.4384	+0.029%	$25K	$12K	10x	as long as short

Show all 30 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Orderly PERP_PENDLE_USDCshort	+0.0010%	8h	2.4377	0.000%	$18K	$14K	10x
Aster PENDLEUSDT	+0.0015%	8h	2.4390	+0.054%	$50K	$167K	10x	as long as short
Aevo PENDLE-PERP	+0.0064%	1h	2.4372	−0.021%	$25K	—	3x	as long as short
Variational Omni PENDLE	+0.0076%	8h	2.4355	−0.090%	$573K	$1.1M	—	as long as short
Reya PENDLERUSDPERP	+0.0094%	1h	2.4382	+0.020%	$3K	—	15x	as long as short
Lighter PENDLE	+0.0096%	1h	2.4401	+0.098%	$656K	$512K	5x	as long as short
Paradex PENDLE-USD-PERP	+0.0100%	8h	2.4359	−0.075%	$34K	$1K	10x	as long as short
Bybit PENDLEUSDT	+0.0100%	8h	2.4350	−0.111%	$14.2M	$11.6M	50x	as long as short
OKX PENDLE-USDT-SWAP	+0.0100%	4h	2.4370	−0.029%	$3.1M	$6.8M	50x	as long as short
Gate PENDLE_USDT	+0.0100%	8h	2.4370	−0.029%	$770K	$968K	75x	as long as short
KuCoin PENDLEUSDTM	+0.0100%	8h	2.4407	+0.123%	$685K	$502K	50x	as long as short
Bitget PENDLEUSDT	+0.0100%	8h	2.4383	+0.025%	$3.8M	$2.4M	75x	as long as short
BingX PENDLE-USDT	+0.0100%	8h	2.4366	−0.045%	—	$8.3M	—	as long as short
edgeX PENDLEUSDC	+0.0100%	4h	2.4388	+0.044%	$23K	$369K	10x	as long as short
Polymarket Perps PENDLE-USD	+0.0100%	1h	2.4412	+0.144%	$16K	$4K	5x	as long as short
SunX PENDLE-USDT	+0.0100%	8h	2.4398	+0.086%	$2K	$1.8M	20x	as long as short
GMX PENDLE/USD [PENDLE-USDC]	L +0.0184% / S −0.0207%	1h	2.4380	+0.014%	$5K	—	100x	as long as short
Hyperliquid PENDLE	+0.0436%	1h	2.4412	+0.144%	$13.0M	$6.0M	5x	as long as short
Backpack PENDLE_USDC_PERP	+0.0626%	1h	2.4423	+0.189%	$365K	$420K	15x	as long as short
Coinbase International PENDLE-PERP-INTX	+0.0728%	1h	2.4400	+0.094%	$166K	$538K	25x	as long as short