PENDLE

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0097%/8h= +10.7% APRnext payment +$0.97 per $10,000 · paid last 24h −0.041%

Price spread now: Variational Omni against MEXC−0.232%7-day average −0.062% · you buy dearer than you sell

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

Long on MEXC Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.086%−$9 on $10k

Price spread, last 7 days+0.202%+$20 · spread now −0.232%, 7d avg −0.062%

Together, before fees+0.116%+ Points / potential airdropVariational Omni: Active · farm board+$12 on $10k · with fees, hour by hour

Funding pays, the price is against you. Variational Omni is 0.171% cheaper against MEXC than usual: you would sell low and buy high (spread −0.232% now, against its 7-day average of −0.062%). If the spread goes back, that is −$17 on $10k: about 5.8 days of funding at the current rate (+$3 a day). Mind the row above: over the last 3 days funding on this pair cost −0.086%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC PENDLE_USDT	2.4878	−0.0103	get 0.0103% / 8h	5h 32m	$17.3M	$1.8M	125x
Short	Variational Omni PENDLE	2.4820	−0.0006	pay 0.0006% / 8h	5h 32m	$546K	$1.8M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni 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 Variational OmnibpOrdersPrice spread, now −0.232%Rate

Funding earned: $20.45
Price spread: −0.232% → −0.062%: −$17.05
Slippage, 4 orders: no order book: not counted
Fee MEXC: 2 bp × 2 orders: −$4
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$0.61
Costs to cover: 0.040%
Break-even: 7.2 days

Slippage unknown: MEXC: live order book, 1 min ago; Variational Omni: RFQ quote, 1 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 MEXC live order book, 1 min ago	0.20 bp	6.0 bp −$6	33.1 bp −$331	100.3 bp −$10.0K	doesn't fit
Sell Variational Omni RFQ quote, 1 min ago	4.73 bp	doesn't fit	57.1 bp −$571	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	−0.4938%	1h	2.4490	−1.560%	$2K	$54K	5.5x	as long as short
BloFin PENDLE-USDT	−0.0107%	8h	2.4889	+0.044%	$1.3M	$649K	75x	as long as short
Extended PENDLE-USD	−0.0104%	1h	2.4866	−0.049%	$161K	$573K	10x	as long as short
MEXC PENDLE_USDTlong	−0.0103%	8h	2.4878	long leg	$17.3M	$1.8M	125x
Binance PENDLEUSDT	−0.0100%	8h	2.4871	−0.030%	$26.7M	$43.3M	75x	as long as short
Aster PENDLEUSDT	−0.0046%	8h	2.4878	+0.001%	$47K	$177K	10x	as long as short
Orderly PERP_PENDLE_USDC	−0.0038%	8h	2.4875	−0.012%	$19K	$15K	10x	as long as short
Variational Omni PENDLEshort	−0.0006%	8h	2.4820	−0.232%	$546K	$1.8M	—
dYdX PENDLE-USD	0.0000%	1h	2.4880	+0.008%	$10K	—	5x	as long as short
Deribit PENDLE_USDC-PERPETUAL	0.0000%	1h	2.4892	+0.056%	$26K	$14K	10x	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	+0.0007%	8h	2.4852	−0.106%	$412K	$1.7M	10x	as long as short
Gate PENDLE_USDT	+0.0014%	8h	2.4850	−0.113%	$721K	$1.1M	75x	as long as short
Aevo PENDLE-PERP	+0.0056%	1h	2.4873	−0.019%	$26K	—	3x	as long as short
Reya PENDLERUSDPERP	+0.0059%	1h	2.4892	+0.056%	$4K	—	15x	as long as short
Lighter PENDLE	+0.0096%	1h	2.4880	+0.008%	$531K	$418K	5x	as long as short
Paradex PENDLE-USD-PERP	+0.0100%	8h	2.4869	−0.036%	$35K	$15K	10x	as long as short
Hyperliquid PENDLE	+0.0100%	1h	2.4916	+0.153%	$12.7M	$6.0M	5x	as long as short
Bybit PENDLEUSDT	+0.0100%	8h	2.4866	−0.048%	$14.9M	$12.2M	50x	as long as short
OKX PENDLE-USDT-SWAP	+0.0100%	4h	2.4880	+0.008%	$3.2M	$6.2M	50x	as long as short
KuCoin PENDLEUSDTM	+0.0100%	8h	2.4865	−0.052%	$850K	$577K	50x	as long as short
Bitget PENDLEUSDT	+0.0100%	8h	2.4874	−0.016%	$3.7M	$2.4M	75x	as long as short
BingX PENDLE-USDT	+0.0100%	8h	2.4887	+0.036%	—	$33.6M	—	as long as short
edgeX PENDLEUSDC	+0.0100%	4h	2.4833	−0.183%	$25K	$379K	10x	as long as short
ApeX Omni PENDLEUSDT	+0.0100%	1h	2.4842	−0.145%	$76K	$235K	50x	as long as short
Polymarket Perps PENDLE-USD	+0.0100%	1h	2.4904	+0.105%	$16K	$8K	5x	as long as short
SunX PENDLE-USDT	+0.0100%	8h	2.4876	−0.008%	$2K	$1.8M	20x	as long as short
GMX PENDLE/USD [PENDLE-USDC]	L +0.0158% / S −0.0257%	1h	2.4890	+0.046%	$7K	—	100x	as long as short
Coinbase International PENDLE-PERP-INTX	+0.0552%	1h	2.4910	+0.129%	$148K	$491K	25x	as long as short
Backpack PENDLE_USDC_PERP	+0.0617%	1h	2.4936	+0.233%	$352K	$483K	15x	as long as short
Kraken Futures PF_PENDLEUSD	+0.0752%	1h	2.4923	+0.181%	$116K	$281K	20x	as long as short