PENDLE

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0109%/8h= +12.0% APRnext payment +$1.09 per $10,000 · paid last 24h +0.059%

Price spread now: BingX against Variational Omni+0.149%7-day average +0.034% · you sell dearer than you buy

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

Long on Variational Omni Short on BingX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.111%+$11 on $10k

Price spread, last 7 days−0.092%−$9 · spread now +0.149%, 7d avg +0.034%

Together, before fees+0.018%+ Points / potential airdropVariational Omni: Active · farm board+$2 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and BingX is 0.114% dearer against Variational Omni than usual: you sell high and buy low: +$11 more if the spread goes back to its 7-day average of +0.034%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni PENDLE	2.4780	−0.0009	get 0.0009% / 8h	5h 40m	$546K	$1.8M	—
Short	BingX PENDLE-USDT	2.4817	0.0100	get 0.0100% / 8h	5h 40m	—	$33.6M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against Variational Omni. 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 Variational OmnibpFee BingXbpOrdersPrice spread, now +0.149%Rate

Funding earned: $22.93
Price spread: +0.149% → +0.034%: $11.44
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee BingX: 5 bp × 2 orders: −$10
Net: $24.36
Costs to cover: 0.100%
Break-even: from the start

Slippage unknown: Variational Omni: RFQ quote, 4 min ago; BingX: live order book, 13 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 Variational Omni RFQ quote, 4 min ago	4.73 bp	doesn't fit	44.0 bp −$440	doesn't fit	doesn't fit
Sell BingX live order book, 13 min ago	2.61 bp	9.1 bp −$9	22.8 bp −$228	138.2 bp −$13.8K	379.6 bp −$189.8K

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	−1.171%	$2K	$54K	5.5x	as long as short
BloFin PENDLE-USDT	−0.0121%	8h	2.4784	+0.015%	$1.3M	$644K	75x	as long as short
Extended PENDLE-USD	−0.0120%	1h	2.4803	+0.092%	$163K	$568K	10x	as long as short
MEXC PENDLE_USDT	−0.0117%	8h	2.4814	+0.137%	$17.1M	$1.8M	125x	as long as short
Binance PENDLEUSDT	−0.0116%	8h	2.4823	+0.171%	$26.7M	$43.2M	75x	as long as short
Aster PENDLEUSDT	−0.0056%	8h	2.4816	+0.143%	$47K	$175K	10x	as long as short
Orderly PERP_PENDLE_USDC	−0.0039%	8h	2.4795	+0.060%	$19K	$15K	10x	as long as short
GRVT PENDLE_USDT_Perp	−0.0034%	8h	2.4875	+0.383%	$417K	$1.7M	10x	as long as short
Variational Omni PENDLElong	−0.0009%	8h	2.4780	long leg	$546K	$1.8M	—
Gate PENDLE_USDT	−0.0006%	8h	2.4800	+0.080%	$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
dYdX PENDLE-USD	0.0000%	1h	2.4803	+0.091%	$10K	—	5x	as long as short
Deribit PENDLE_USDC-PERPETUAL	0.0000%	1h	2.4798	+0.072%	$25K	$14K	10x	as long as short
Aevo PENDLE-PERP	+0.0048%	1h	2.4788	+0.033%	$26K	—	3x	as long as short
Reya PENDLERUSDPERP	+0.0059%	1h	2.4813	+0.130%	$4K	—	15x	as long as short
ApeX Omni PENDLEUSDT	+0.0073%	1h	2.4866	+0.346%	$76K	$235K	50x	as long as short
Lighter PENDLE	+0.0096%	1h	2.4818	+0.153%	$530K	$418K	5x	as long as short
Paradex PENDLE-USD-PERP	+0.0100%	8h	2.4808	+0.113%	$35K	$15K	10x	as long as short
Hyperliquid PENDLE	+0.0100%	1h	2.4850	+0.282%	$12.6M	$6.0M	5x	as long as short
Bybit PENDLEUSDT	+0.0100%	8h	2.4810	+0.120%	$14.9M	$12.2M	50x	as long as short
OKX PENDLE-USDT-SWAP	+0.0100%	4h	2.4810	+0.120%	$3.1M	$6.1M	50x	as long as short
KuCoin PENDLEUSDTM	+0.0100%	8h	2.4808	+0.112%	$848K	$578K	50x	as long as short
Bitget PENDLEUSDT	+0.0100%	8h	2.4822	+0.169%	$3.7M	$2.4M	75x	as long as short
BingX PENDLE-USDTshort	+0.0100%	8h	2.4817	+0.149%	—	$33.6M	—
edgeX PENDLEUSDC	+0.0100%	4h	2.4852	+0.291%	$25K	$377K	10x	as long as short
Polymarket Perps PENDLE-USD	+0.0100%	1h	2.4836	+0.225%	$16K	$8K	5x	as long as short
SunX PENDLE-USDT	+0.0100%	8h	2.4802	+0.088%	$1K	$1.8M	20x	as long as short
GMX PENDLE/USD [PENDLE-USDC]	L +0.0191% / S −0.0316%	1h	2.4807	+0.109%	$7K	—	100x	as long as short
Backpack PENDLE_USDC_PERP	+0.0477%	1h	2.4845	+0.262%	$351K	$483K	15x	as long as short
Coinbase International PENDLE-PERP-INTX	+0.0552%	1h	2.4840	+0.241%	$149K	$491K	25x	as long as short
Kraken Futures PF_PENDLEUSD	+0.0755%	1h	2.4838	+0.233%	$115K	$283K	20x	as long as short