Funding you earn now, next payment 00:00 UTC+0.0038%/8h= +4.1% APRnext payment +$0.38 per $10,000 · paid last 24h +0.051%
Price spread now: Bitget against Variational Omni−0.160%7-day average −0.016% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)+0.102%+$10 on $10k
+Price spread, last 7 days+0.105%+$11 · spread now −0.160%, 7d avg −0.016%
=Together, before fees+0.208%+ Points / potential airdropVariational Omni: Active · farm board+$21 on $10k · with fees, hour by hour
Funding pays, the price is against you. Bitget is 0.145% cheaper against Variational Omni than usual: you would sell low and buy high (spread −0.160% now, against its 7-day average of −0.016%). If the spread goes back, that is −$14 on $10k: about 13 days of funding at the current rate (+$1 a day). At the pace of the last 3 days (+0.102% in total) that is about 4.6 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Variational Omni PENDLE | 2.4872 | 0.0062 | pay 0.0062% / 8h | 1h 11m | $550K | $2.0M | — |
| Short | Bitget PENDLEUSDT | 2.4832 | 0.0100 | get 0.0100% / 8h | 1h 11m | $3.7M | $2.7M | 75x |
Variational Omni PENDLE
Bitget PENDLEUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget 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 itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $7.95
- Price spread: −0.160% → −0.016%
- −$14.47
- Slippage, 4 orders
- no order book: not counted
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$18.53
- Costs to cover
- 0.120%
- Break-even
- 23.3 days
Slippage unknown: Variational Omni: RFQ quote, 2 min ago; Bitget: live order book, 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 Variational Omni RFQ quote, 2 min ago | 6.74 bp | doesn't fit | 69.5 bp −$695 | doesn't fit | doesn't fit |
| Sell Bitget live order book, 1 min ago | 2.62 bp | 20.1 bp −$20 | 37.8 bp −$378 | 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 | −0.3656% | 1h | 2.4770 | −0.410% | $2K | $53K | 5.5x | as long as short |
| Deribit PENDLE_USDC-PERPETUAL | −0.0433% | 1h | 2.4870 | −0.008% | $29K | $10K | 10x | as long as short |
| ApeX Omni PENDLEUSDT | −0.0070% | 1h | 2.4903 | +0.125% | $76K | $239K | 50x | as long as short |
| BloFin PENDLE-USDT | −0.0028% | 8h | 2.4860 | −0.048% | $1.3M | $732K | 75x | as long as short |
| Binance PENDLEUSDT | −0.0008% | 8h | 2.4845 | −0.108% | $26.8M | $41.0M | 75x | as long as short |
| MEXC PENDLE_USDT | −0.0003% | 8h | 2.4851 | −0.084% | $16.8M | $2.1M | 125x | as long as short |
| dYdX PENDLE-USD | 0.0000% | 1h | 2.4872 | −0.001% | $10K | — | 5x | as long as short |
| Extended PENDLE-USD | 0.0000% | 1h | 2.4841 | −0.125% | $164K | $526K | 10x | as long as short |
| Orderly PERP_PENDLE_USDC | +0.0015% | 8h | 2.4861 | −0.044% | $20K | $16K | 10x | as long as short |
| Reya PENDLERUSDPERP | +0.0042% | 1h | 2.4863 | −0.037% | $4K | — | 15x | as long as short |
Injective PENDLE/USDC PERP
Deribit PENDLE_USDC-PERPETUAL
ApeX Omni PENDLEUSDT
BloFin PENDLE-USDT
Binance PENDLEUSDT
MEXC PENDLE_USDT
dYdX PENDLE-USD
Extended PENDLE-USD
Orderly PERP_PENDLE_USDC
Reya PENDLERUSDPERPShow all 30 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni PENDLElong | +0.0062% | 8h | 2.4872 | long leg | $550K | $2.0M | — | |
| GRVT PENDLE_USDT_Perp | +0.0071% | 8h | 2.4885 | +0.051% | $413K | $1.6M | 10x | as long as short |
| Aevo PENDLE-PERP | +0.0080% | 1h | 2.4851 | −0.086% | $26K | — | 3x | as long as short |
| Lighter PENDLE | +0.0096% | 1h | 2.4858 | −0.056% | $523K | $424K | 5x | as long as short |
| Paradex PENDLE-USD-PERP | +0.0100% | 8h | 2.4845 | −0.109% | $35K | $20K | 10x | as long as short |
| Hyperliquid PENDLE | +0.0100% | 1h | 2.4898 | +0.105% | $12.3M | $6.0M | 5x | as long as short |
| Aster PENDLEUSDT | +0.0100% | 8h | 2.4885 | +0.053% | $44K | $176K | 10x | as long as short |
| Bybit PENDLEUSDT | +0.0100% | 8h | 2.4840 | −0.128% | $15.3M | $11.9M | 50x | as long as short |
| OKX PENDLE-USDT-SWAP | +0.0100% | 4h | 2.4850 | −0.088% | $3.2M | $5.9M | 50x | as long as short |
| Gate PENDLE_USDT | +0.0100% | 8h | 2.4850 | −0.088% | $779K | $1.2M | 75x | as long as short |
| KuCoin PENDLEUSDTM | +0.0100% | 8h | 2.4850 | −0.088% | $887K | $611K | 50x | as long as short |
| Bitget PENDLEUSDTshort | +0.0100% | 8h | 2.4832 | −0.160% | $3.7M | $2.7M | 75x | |
| BingX PENDLE-USDT | +0.0100% | 8h | 2.4845 | −0.108% | — | $36.2M | — | as long as short |
| edgeX PENDLEUSDC | +0.0100% | 4h | 2.4872 | +0.001% | $25K | $398K | 10x | as long as short |
| Polymarket Perps PENDLE-USD | +0.0100% | 1h | 2.4892 | +0.081% | $16K | $20K | 5x | as long as short |
| SunX PENDLE-USDT | +0.0100% | 8h | 2.4882 | +0.041% | $2K | $1.7M | 20x | as long as short |
| GMX PENDLE/USD [PENDLE-USDC] | L +0.0199% / S −0.0256% | 1h | 2.4882 | +0.040% | $5K | — | 100x | as long as short |
| Coinbase International PENDLE-PERP-INTX | +0.0592% | 1h | 2.5020 | +0.595% | $139K | $461K | 25x | as long as short |
| Backpack PENDLE_USDC_PERP | +0.0648% | 1h | 2.4894 | +0.089% | $351K | $475K | 15x | as long as short |
| Kraken Futures PF_PENDLEUSD | +0.0756% | 1h | 2.4922 | +0.200% | $118K | $306K | 20x | as long as short |
GRVT PENDLE_USDT_Perp
Aevo PENDLE-PERP
Lighter PENDLE
Paradex PENDLE-USD-PERP
Hyperliquid PENDLE
Aster PENDLEUSDT
Bybit PENDLEUSDT
OKX PENDLE-USDT-SWAP
Gate PENDLE_USDT
KuCoin PENDLEUSDTM
BingX PENDLE-USDT
edgeX PENDLEUSDC
Polymarket Perps PENDLE-USD
SunX PENDLE-USDT
GMX PENDLE/USD [PENDLE-USDC]
Coinbase International PENDLE-PERP-INTX
Backpack PENDLE_USDC_PERP
Kraken Futures PF_PENDLEUSD