PENDLE

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0135%/8h= +14.8% APRnext payment +$1.35 per $10,000 · paid last 24h +0.003%

Price spread now: Paradex against MEXC−0.030%46s7-day average — · you buy dearer than you sell

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

Long on MEXC Short on Paradex

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

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

Together, before fees—+ Points / potential airdropParadex: Active · farm boardneeds both histories

Funding pays, the price is against you. Paradex is 0.030% cheaper against MEXC than usual: you would sell low and buy high (spread −0.030% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$3 on $10k: about 18 hours of funding at the current rate (+$4 a day). The two prices were read 46 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC PENDLE_USDT	2.5211	−0.0035	get 0.0035% / 8h	19m 03s	$17.1M	$1.9M	125x
Short	Paradex PENDLE-USD-PERP	2.5203	0.0100	get 0.0100% / 8h	19m 03s	$35K	$18K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paradex 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 ParadexbpOrdersPrice spread, now −0.030%Rate

Funding earned: $28.35
Price spread: −0.030% → 0.000%: −$3
Slippage, 4 orders: no order book: not counted
Fee MEXC: 2 bp × 2 orders: −$4
Fee Paradex: 2 bp × 2 orders: −$4
Net: $17.35
Costs to cover: 0.080%
Break-even: 2.7 days

Slippage unknown: MEXC: live order book, 5 min ago; Paradex: 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, 5 min ago	0.79 bp	7.7 bp −$8	29.3 bp −$293	96.3 bp −$9,628	doesn't fit
Sell Paradex no order-book sample	—	—	—	—	—

Paradex: 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 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	2.4940	−1.075%	$2K	$54K	5.5x	as long as short
Deribit PENDLE_USDC-PERPETUAL	−0.0304%	1h	2.5239	+0.111%	$30K	$10K	10x	as long as short
ApeX Omni PENDLEUSDT	−0.0054%	1h	2.5215	+0.016%	$77K	$239K	50x	as long as short
Binance PENDLEUSDT	−0.0040%	8h	2.5217	+0.024%	$27.3M	$42.0M	75x	as long as short
Extended PENDLE-USD	−0.0040%	1h	2.5202	−0.036%	$166K	$528K	10x	as long as short
MEXC PENDLE_USDTlong	−0.0035%	8h	2.5211	long leg	$17.1M	$1.9M	125x
BloFin PENDLE-USDT	−0.0023%	8h	2.5215	+0.016%	$1.3M	$711K	75x	as long as short
Orderly PERP_PENDLE_USDC	−0.0004%	8h	2.5230	+0.075%	$20K	$16K	10x	as long as short
dYdX PENDLE-USD	0.0000%	1h	2.5236	+0.100%	$11K	—	5x	as long as short
Variational Omni PENDLE	+0.0031%	8h	2.5247	+0.141%	$596K	$1.9M	—	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT PENDLE_USDT_Perp	+0.0042%	8h	2.5230	+0.074%	$418K	$1.6M	10x	as long as short
Reya PENDLERUSDPERP	+0.0046%	1h	2.5235	+0.095%	$4K	—	15x	as long as short
Aevo PENDLE-PERP	+0.0072%	1h	2.5232	+0.082%	$26K	—	3x	as long as short
Lighter PENDLE	+0.0096%	1h	2.5237	+0.103%	$532K	$416K	5x	as long as short
Paradex PENDLE-USD-PERPshort	+0.0100%	8h	2.5203	−0.030%	$35K	$18K	10x
Aster PENDLEUSDT	+0.0100%	8h	2.5257	+0.184%	$48K	$177K	10x	as long as short
Bybit PENDLEUSDT	+0.0100%	8h	2.5200	−0.044%	$15.6M	$11.9M	50x	as long as short
OKX PENDLE-USDT-SWAP	+0.0100%	4h	2.5210	−0.004%	$3.2M	$6.0M	50x	as long as short
Gate PENDLE_USDT	+0.0100%	8h	2.5220	+0.036%	$784K	$1.2M	75x	as long as short
KuCoin PENDLEUSDTM	+0.0100%	8h	2.5255	+0.175%	$887K	$600K	50x	as long as short
Bitget PENDLEUSDT	+0.0100%	8h	2.5219	+0.032%	$3.8M	$2.5M	75x	as long as short
BingX PENDLE-USDT	+0.0100%	8h	2.5225	+0.056%	—	$35.7M	—	as long as short
edgeX PENDLEUSDC	+0.0100%	4h	2.5212	+0.004%	$25K	$382K	10x	as long as short
Polymarket Perps PENDLE-USD	+0.0100%	1h	2.5258	+0.186%	$16K	$20K	5x	as long as short
SunX PENDLE-USDT	+0.0100%	8h	2.5242	+0.123%	$2K	$1.8M	20x	as long as short
GMX PENDLE/USD [PENDLE-USDC]	L +0.0199% / S −0.0256%	1h	2.5247	+0.141%	$5K	—	100x	as long as short
Hyperliquid PENDLE	+0.0343%	1h	2.5265	+0.214%	$12.8M	$6.2M	5x	as long as short
Kraken Futures PF_PENDLEUSD	+0.0594%	1h	2.5279	+0.269%	$119K	$298K	20x	as long as short
Coinbase International PENDLE-PERP-INTX	+0.0600%	1h	2.5340	+0.512%	$141K	$451K	25x	as long as short
Backpack PENDLE_USDC_PERP	+0.0769%	1h	2.5268	+0.226%	$332K	$490K	15x	as long as short