PENDLE

Alert: funding

Alert: spread

Funding you earn now, next payment 16:00 UTC−0.0091%/8h= −10.0% APRnext payment −$0.91 per $10,000 · paid last 24h +0.021%

Price spread now: BloFin against Variational Omni−0.066%86s7-day average +0.038% · you buy dearer than you sell

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

Long on Variational Omni Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.083%+$8 on $10k

Price spread, last 4 days (all we have)+0.099%+$10 · spread now −0.066%, 7d avg +0.038%

Together, before fees+0.182%+ Points / potential airdropVariational Omni: Active · farm board+$18 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and BloFin is 0.104% cheaper against Variational Omni than usual: you would sell low and buy high (−$10 if the spread goes back to its 7-day average of +0.038%). Swap the legs. Mind the row above: over the last 4 days funding on this pair paid +0.083%, so the current rate has only just turned against you. The two prices were read 86 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	Variational Omni PENDLE	2.4246	0.0100	pay 0.0100% / 8h	7h 53m	$565K	$1.2M	—
Short	BloFin PENDLE-USDT	2.4230	0.0009	get 0.0009% / 8h	7h 53m	$1.1M	$502K	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin 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 BloFinbpOrdersPrice spread, now −0.066%Rate

Funding earned: −$19.21
Price spread: −0.066% → +0.038%: −$10.39
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$41.6
Costs to cover: 0.120%
Break-even: never at this rate

Slippage unknown: Variational Omni: RFQ quote, just now; BloFin: 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 Variational Omni RFQ quote, just now	4.78 bp	doesn't fit	71.8 bp −$718	doesn't fit	doesn't fit
Sell BloFin live order book, 4 min ago	1.64 bp	10.6 bp −$11	22.8 bp −$228	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	−0.3627%	1h	2.4040	−0.850%	$2K	$54K	5.5x	as long as short
Gate PENDLE_USDT	−0.0651%	8h	2.4260	+0.058%	$767K	$990K	75x	as long as short
Deribit PENDLE_USDC-PERPETUAL	−0.0409%	1h	2.4277	+0.128%	$25K	$16K	10x	as long as short
ApeX Omni PENDLEUSDT	−0.0023%	1h	2.4248	+0.008%	$74K	$232K	50x	as long as short
Orderly PERP_PENDLE_USDC	−0.0012%	8h	2.4262	+0.066%	$18K	$15K	10x	as long as short
Binance PENDLEUSDT	−0.0003%	8h	2.4235	−0.045%	$25.4M	$46.0M	75x	as long as short
dYdX PENDLE-USD	0.0000%	1h	2.4270	+0.099%	$10K	—	5x	as long as short
MEXC PENDLE_USDT	+0.0004%	8h	2.4229	−0.070%	$18.0M	$2.1M	125x	as long as short
Extended PENDLE-USD	+0.0008%	1h	2.4234	−0.050%	$156K	$924K	10x	as long as short
BloFin PENDLE-USDTshort	+0.0009%	8h	2.4230	−0.066%	$1.1M	$502K	75x

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aevo PENDLE-PERP	+0.0080%	1h	2.4266	+0.083%	$25K	—	3x	as long as short
Reya PENDLERUSDPERP	+0.0086%	1h	2.4272	+0.107%	$3K	—	15x	as long as short
Lighter PENDLE	+0.0096%	1h	2.4249	+0.012%	$522K	$429K	5x	as long as short
Paradex PENDLE-USD-PERP	+0.0100%	8h	2.4229	−0.071%	$34K	$3K	10x	as long as short
Hyperliquid PENDLE	+0.0100%	1h	2.4273	+0.111%	$12.7M	$6.1M	5x	as long as short
Aster PENDLEUSDT	+0.0100%	8h	2.4252	+0.026%	$47K	$168K	10x	as long as short
Bybit PENDLEUSDT	+0.0100%	8h	2.4230	−0.066%	$14.0M	$12.0M	50x	as long as short
OKX PENDLE-USDT-SWAP	+0.0100%	4h	2.4250	+0.017%	$3.1M	$6.7M	50x	as long as short
KuCoin PENDLEUSDTM	+0.0100%	8h	2.4293	+0.194%	$687K	$618K	50x	as long as short
Bitget PENDLEUSDT	+0.0100%	8h	2.4258	+0.049%	$3.8M	$2.4M	75x	as long as short
BingX PENDLE-USDT	+0.0100%	8h	2.4257	+0.045%	—	$8.2M	—	as long as short
Variational Omni PENDLElong	+0.0100%	8h	2.4246	long leg	$565K	$1.2M	—
edgeX PENDLEUSDC	+0.0100%	4h	2.4316	+0.290%	$24K	$368K	10x	as long as short
GRVT PENDLE_USDT_Perp	+0.0100%	8h	2.4267	+0.088%	$400K	$2.6M	10x	as long as short
Polymarket Perps PENDLE-USD	+0.0100%	1h	2.4290	+0.181%	$16K	$4K	5x	as long as short
SunX PENDLE-USDT	+0.0100%	8h	2.4283	+0.153%	$1K	$1.8M	20x	as long as short
GMX PENDLE/USD [PENDLE-USDC]	L +0.0196% / S −0.0222%	1h	2.4275	+0.121%	$5K	—	100x	as long as short
Coinbase International PENDLE-PERP-INTX	+0.0664%	1h	2.4400	+0.635%	$159K	$512K	25x	as long as short
Backpack PENDLE_USDC_PERP	+0.0871%	1h	2.4312	+0.272%	$359K	$433K	15x	as long as short
Kraken Futures PF_PENDLEUSD	+0.1277%	1h	2.4312	+0.271%	$115K	$259K	20x	as long as short