Funding arb · Price arb /

PENDLE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.012%

Price spread now: ApeX Omni against Paradex+0.288%7-day average — · you sell dearer than you buy

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

Long on Paradex Short on ApeX Omni

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 between these two exchanges is close to zero, so right now this pair is about the price spread alone: ApeX Omni is 0.288% dearer against Paradex than usual: you sell high and buy low, +$29 on $10k if it goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Paradex PENDLE-USD-PERP	2.4798	0.0100	pay 0.0100% / 8h	5h 07m	$35K	$15K	10x
Short	ApeX Omni PENDLEUSDT	2.4869	0.0100	get 0.0013% / 1h	7m 34s	$76K	$235K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against Paradex. 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 ParadexbpFee ApeX OmnibpOrdersPrice spread, now +0.288%Rate

Funding earned: $0
Price spread: +0.288% → 0.000%: $28.78
Slippage, 4 orders: no order book: not counted
Fee Paradex: 2 bp × 2 orders: −$4
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: $14.78
Costs to cover: 0.140%
Break-even: from the start

Slippage unknown: Paradex: no order-book sample; ApeX Omni: live order book, 54 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 Paradex no order-book sample	—	—	—	—	—
Sell ApeX Omni live order book, 54 min ago	6.78 bp	14.8 bp −$15	95.7 bp −$957	doesn't fit	doesn't fit

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	−0.4938%	1h	2.4720	−0.313%	$2K	$54K	5.5x	as long as short
Deribit PENDLE_USDC-PERPETUAL	−0.0112%	1h	2.4848	+0.203%	$26K	$14K	10x	as long as short
BloFin PENDLE-USDT	−0.0095%	8h	2.4870	+0.292%	$1.3M	$652K	75x	as long as short
Extended PENDLE-USD	−0.0072%	1h	2.4803	+0.023%	$162K	$570K	10x	as long as short
Binance PENDLEUSDT	−0.0072%	8h	2.4805	+0.031%	$26.5M	$43.7M	75x	as long as short
MEXC PENDLE_USDT	−0.0071%	8h	2.4815	+0.070%	$17.4M	$1.9M	125x	as long as short
Orderly PERP_PENDLE_USDC	−0.0036%	8h	2.4847	+0.199%	$19K	$15K	10x	as long as short
Aster PENDLEUSDT	−0.0030%	8h	2.4798	0.000%	$47K	$177K	10x	as long as short
dYdX PENDLE-USD	0.0000%	1h	2.4843	+0.181%	$10K	—	5x	as long as short
Gate PENDLE_USDT	+0.0010%	8h	2.4840	+0.171%	$721K	$1.1M	75x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni PENDLE	+0.0023%	8h	2.4940	+0.575%	$566K	$1.8M	—	as long as short
Reya PENDLERUSDPERP	+0.0061%	1h	2.4807	+0.039%	$4K	—	15x	as long as short
Aevo PENDLE-PERP	+0.0064%	1h	2.4849	+0.207%	$26K	—	3x	as long as short
GRVT PENDLE_USDT_Perp	+0.0083%	8h	2.4872	+0.300%	$411K	$1.8M	10x	as long as short
Lighter PENDLE	+0.0096%	1h	2.4827	+0.118%	$530K	$418K	5x	as long as short
Paradex PENDLE-USD-PERPlong	+0.0100%	8h	2.4798	long leg	$35K	$15K	10x
Hyperliquid PENDLE	+0.0100%	1h	2.4850	+0.211%	$12.7M	$6.0M	5x	as long as short
Bybit PENDLEUSDT	+0.0100%	8h	2.4810	+0.050%	$14.8M	$12.3M	50x	as long as short
OKX PENDLE-USDT-SWAP	+0.0100%	4h	2.4810	+0.050%	$3.1M	$6.2M	50x	as long as short
KuCoin PENDLEUSDTM	+0.0100%	8h	2.4839	+0.167%	$840K	$574K	50x	as long as short
Bitget PENDLEUSDT	+0.0100%	8h	2.4816	+0.074%	$3.7M	$2.3M	75x	as long as short
BingX PENDLE-USDT	+0.0100%	8h	2.4818	+0.082%	—	$33.5M	—	as long as short
edgeX PENDLEUSDC	+0.0100%	4h	2.4874	+0.308%	$25K	$377K	10x	as long as short
ApeX Omni PENDLEUSDTshort	+0.0100%	1h	2.4869	+0.288%	$76K	$235K	50x
Polymarket Perps PENDLE-USD	+0.0100%	1h	2.4828	+0.122%	$16K	$8K	5x	as long as short
SunX PENDLE-USDT	+0.0100%	8h	2.4835	+0.151%	$2K	$1.8M	20x	as long as short
GMX PENDLE/USD [PENDLE-USDC]	L +0.0158% / S −0.0257%	1h	2.4845	+0.192%	$7K	—	100x	as long as short
Coinbase International PENDLE-PERP-INTX	+0.0552%	1h	2.4890	+0.372%	$148K	$494K	25x	as long as short
Kraken Futures PF_PENDLEUSD	+0.0753%	1h	2.4901	+0.416%	$116K	$278K	20x	as long as short
Backpack PENDLE_USDC_PERP	+0.0780%	1h	2.4875	+0.312%	$359K	$488K	15x	as long as short