PENDLE

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0035%/8h= +3.8% APRnext payment +$0.04 per $10,000 · paid last 24h +0.016%

Price spread now: ApeX Omni against Reya−0.035%63s7-day average — · you buy dearer than you sell

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

Long on Reya Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

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

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

Funding pays, the price is against you. ApeX Omni is 0.035% cheaper against Reya than usual: you would sell low and buy high (spread −0.035% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$4 on $10k: about 3.4 days of funding at the current rate (+$1 a day). The two prices were read 63 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	Reya PENDLERUSDPERP	2.4622	0.0065	pay 0.0008% / 1h	16m 07s	$3K	—	15x
Short	ApeX Omni PENDLEUSDT	2.4613	0.0100	get 0.0013% / 1h	16m 07s	$75K	$235K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against Reya. 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 ReyabpFee ApeX OmnibpOrdersPrice spread, now −0.035%Rate

Funding earned: $7.28
Price spread: −0.035% → 0.000%: −$3.53
Slippage, 4 orders: no order book: not counted
Fee Reya: 3 bp × 2 orders: −$6
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$12.25
Costs to cover: 0.160%
Break-even: 18.8 days

Slippage unknown: Reya: no order-book sample; ApeX Omni: live order book, 40 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 Reya no order-book sample	—	—	—	—	—
Sell ApeX Omni live order book, 40 min ago	6.87 bp	14.7 bp −$15	107.1 bp −$1,071	doesn't fit	doesn't fit

Reya: 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	−0.4334%	1h	2.4340	−1.144%	$2K	$54K	5.5x	as long as short
BloFin PENDLE-USDT	−0.0072%	8h	2.4610	−0.048%	$1.2M	$604K	75x	as long as short
Gate PENDLE_USDT	−0.0071%	8h	2.4620	−0.007%	$718K	$1.1M	75x	as long as short
Extended PENDLE-USD	−0.0064%	1h	2.4607	−0.059%	$159K	$574K	10x	as long as short
Binance PENDLEUSDT	−0.0061%	8h	2.4604	−0.073%	$26.1M	$43.5M	75x	as long as short
MEXC PENDLE_USDT	−0.0061%	8h	2.4601	−0.084%	$17.3M	$2.0M	125x	as long as short
Aster PENDLEUSDT	−0.0051%	8h	2.4650	+0.116%	$47K	$179K	10x	as long as short
Orderly PERP_PENDLE_USDC	−0.0037%	8h	2.4617	−0.019%	$19K	$15K	10x	as long as short
dYdX PENDLE-USD	0.0000%	1h	2.4621	−0.005%	$10K	—	5x	as long as short
Deribit PENDLE_USDC-PERPETUAL	0.0000%	1h	2.4631	+0.038%	$25K	$14K	10x	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	+0.0054%	8h	2.4606	−0.065%	$553K	$1.4M	—	as long as short
Aevo PENDLE-PERP	+0.0064%	1h	2.4611	−0.043%	$26K	—	3x	as long as short
Reya PENDLERUSDPERPlong	+0.0065%	1h	2.4622	long leg	$3K	—	15x
GRVT PENDLE_USDT_Perp	+0.0071%	8h	2.4605	−0.070%	$411K	$1.9M	10x	as long as short
Lighter PENDLE	+0.0096%	1h	2.4612	−0.039%	$516K	$424K	5x	as long as short
Paradex PENDLE-USD-PERP	+0.0100%	8h	2.4605	−0.068%	$34K	$13K	10x	as long as short
Bybit PENDLEUSDT	+0.0100%	8h	2.4600	−0.088%	$14.5M	$11.9M	50x	as long as short
OKX PENDLE-USDT-SWAP	+0.0100%	4h	2.4620	−0.007%	$3.1M	$6.1M	50x	as long as short
KuCoin PENDLEUSDTM	+0.0100%	8h	2.4620	−0.007%	$865K	$559K	50x	as long as short
Bitget PENDLEUSDT	+0.0100%	8h	2.4599	−0.092%	$3.7M	$2.3M	75x	as long as short
BingX PENDLE-USDT	+0.0100%	8h	2.4615	−0.027%	—	$8.5M	—	as long as short
edgeX PENDLEUSDC	+0.0100%	4h	2.4612	−0.041%	$24K	$378K	10x	as long as short
ApeX Omni PENDLEUSDTshort	+0.0100%	1h	2.4613	−0.035%	$75K	$235K	50x
Polymarket Perps PENDLE-USD	+0.0100%	1h	2.4656	+0.139%	$16K	$8K	5x	as long as short
SunX PENDLE-USDT	+0.0100%	8h	2.4646	+0.099%	$2K	$1.8M	20x	as long as short
GMX PENDLE/USD [PENDLE-USDC]	L +0.0196% / S −0.0222%	1h	2.4623	+0.004%	$5K	—	100x	as long as short
Hyperliquid PENDLE	+0.0325%	1h	2.4642	+0.081%	$12.7M	$6.0M	5x	as long as short
Coinbase International PENDLE-PERP-INTX	+0.0608%	1h	2.4820	+0.805%	$148K	$497K	25x	as long as short
Backpack PENDLE_USDC_PERP	+0.0708%	1h	2.4669	+0.192%	$357K	$465K	15x	as long as short
Kraken Futures PF_PENDLEUSD	+0.1179%	1h	2.4673	+0.208%	$115K	$269K	20x	as long as short