PENDLE

Alert: funding

Alert: spread

Funding you earn now, next payment 16:00 UTC−0.0091%/8h= −9.9% APRnext payment −$0.91 per $10,000 · paid last 24h 0.000%

Price spread now: MEXC against Orderly+0.091%7-day average — · you sell dearer than you buy

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

Long on Orderly Short on MEXC

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 pays, funding is against you. MEXC is 0.091% dearer against Orderly than usual: you sell high and buy low (spread +0.091% now, against zero (this spread has no 7-day history yet)): +$9 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 3.4 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Orderly PERP_PENDLE_USDC	2.4054	0.0004	pay 0.0004% / 8h	4h 47m	$18K	$15K	10x
Short	MEXC PENDLE_USDT	2.4076	−0.0087	pay 0.0087% / 8h	4h 47m	$18.5M	$2.1M	125x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC against Orderly. 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 OrderlybpFee MEXCbpOrdersPrice spread, now +0.091%Rate

Funding earned: −$19.07
Price spread: +0.091% → 0.000%: $9.15
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee MEXC: 2 bp × 2 orders: −$4
Net: −$19.92
Costs to cover: 0.100%
Break-even: never at this rate

Slippage unknown: Orderly: no order-book sample; MEXC: live order book, 4 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 Orderly no order-book sample	—	—	—	—	—
Sell MEXC live order book, 4 min ago	0.42 bp	5.8 bp −$6	31.5 bp −$315	95.3 bp −$9,533	doesn't fit

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	−0.3596%	1h	2.3810	−1.014%	$2K	$52K	5.5x	as long as short
Kraken Futures PF_PENDLEUSD	−0.0139%	1h	2.4083	+0.122%	$124K	$255K	20x	as long as short
BloFin PENDLE-USDT	−0.0103%	8h	2.3990	−0.266%	$1.1M	$523K	75x	as long as short
Extended PENDLE-USD	−0.0088%	1h	2.4078	+0.101%	$155K	$943K	10x	as long as short
MEXC PENDLE_USDTshort	−0.0087%	8h	2.4076	+0.091%	$18.5M	$2.1M	125x
Binance PENDLEUSDT	−0.0086%	8h	2.4082	+0.117%	$24.9M	$47.3M	75x	as long as short
Aster PENDLEUSDT	−0.0033%	8h	2.4069	+0.062%	$49K	$166K	10x	as long as short
dYdX PENDLE-USD	0.0000%	1h	2.4053	−0.003%	$10K	—	5x	as long as short
Deribit PENDLE_USDC-PERPETUAL	0.0000%	1h	2.4072	+0.075%	$24K	$10K	10x	as long as short
Orderly PERP_PENDLE_USDClong	+0.0004%	8h	2.4054	long leg	$18K	$15K	10x

Show all 30 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT PENDLE_USDT_Perp	+0.0004%	8h	2.4017	−0.154%	$403K	$3.2M	10x	as long as short
Aevo PENDLE-PERP	+0.0056%	1h	2.4028	−0.108%	$25K	—	3x	as long as short
Variational Omni PENDLE	+0.0075%	8h	2.3979	−0.313%	$546K	$921K	—	as long as short
Lighter PENDLE	+0.0096%	1h	2.4087	+0.137%	$647K	$528K	5x	as long as short
Paradex PENDLE-USD-PERP	+0.0100%	8h	2.4083	+0.120%	$34K	—	10x	as long as short
Bybit PENDLEUSDT	+0.0100%	8h	2.4070	+0.067%	$14.5M	$12.1M	50x	as long as short
OKX PENDLE-USDT-SWAP	+0.0100%	4h	2.4100	+0.191%	$3.1M	$6.9M	50x	as long as short
Gate PENDLE_USDT	+0.0100%	8h	2.4070	+0.067%	$769K	$895K	75x	as long as short
KuCoin PENDLEUSDTM	+0.0100%	8h	2.4062	+0.033%	$634K	$505K	50x	as long as short
Bitget PENDLEUSDT	+0.0100%	8h	2.4085	+0.129%	$3.8M	$2.6M	75x	as long as short
BingX PENDLE-USDT	+0.0100%	8h	2.4076	+0.091%	—	$8.1M	—	as long as short
edgeX PENDLEUSDC	+0.0100%	4h	2.4002	−0.215%	$22K	$365K	10x	as long as short
ApeX Omni PENDLEUSDT	+0.0100%	1h	2.3999	−0.229%	$73K	$232K	50x	as long as short
Polymarket Perps PENDLE-USD	+0.0100%	1h	2.4054	0.000%	$16K	$4K	5x	as long as short
SunX PENDLE-USDT	+0.0100%	8h	2.4060	+0.025%	$2K	$1.8M	20x	as long as short
Reya PENDLERUSDPERP	+0.0101%	1h	2.4037	−0.069%	$3K	—	15x	as long as short
GMX PENDLE/USD [PENDLE-USDC]	L +0.0175% / S −0.0165%	1h	2.4053	−0.002%	$5K	—	100x	as long as short
Hyperliquid PENDLE	+0.0291%	1h	2.4107	+0.220%	$12.9M	$5.9M	5x	as long as short
Coinbase International PENDLE-PERP-INTX	+0.0600%	1h	2.4080	+0.108%	$160K	$533K	25x	as long as short
Backpack PENDLE_USDC_PERP	+0.0879%	1h	2.4132	+0.324%	$359K	$384K	15x	as long as short