PENDLE

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0050%/8h= +5.5% APRnext payment +$0.50 per $10,000 · paid last 24h +0.051%

Price spread now: SunX against Variational Omni+0.413%7-day average +0.059% · you sell dearer than you buy

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

Long on Variational Omni Short on SunX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.102%+$10 on $10k

Price spread, last 3 days (all we have)−0.365%−$37 · spread now +0.413%, 7d avg +0.059%

Together, before fees−0.263%+ Points / potential airdropVariational Omni: Active · farm board−$26 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and SunX is 0.354% dearer against Variational Omni than usual: you sell high and buy low: +$35 more if the spread goes back to its 7-day average of +0.059%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni PENDLE	2.5212	0.0050	pay 0.0050% / 8h	50m 12s	$557K	$1.8M	—
Short	SunX PENDLE-USDT	2.5316	0.0100	get 0.0100% / 8h	50m 12s	$2K	$1.8M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now +0.413%Rate

Funding earned: $10.58
Price spread: +0.413% → +0.059%: $35.43
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee SunX: 4 bp × 2 orders: −$8
Net: $38.01
Costs to cover: 0.080%
Break-even: from the start

Slippage unknown: Variational Omni: RFQ quote, 4 min ago; SunX: live order book, 5 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	6.69 bp	doesn't fit	55.4 bp −$554	doesn't fit	doesn't fit
Sell SunX live order book, 5 min ago	500.11 bp	doesn't fit	doesn't fit	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	−0.5000%	1h	2.4860	−1.396%	$2K	$54K	5.5x	as long as short
Deribit PENDLE_USDC-PERPETUAL	−0.0145%	1h	2.5318	+0.421%	$30K	$10K	10x	as long as short
ApeX Omni PENDLEUSDT	−0.0068%	1h	2.5214	+0.009%	$77K	$239K	50x	as long as short
BloFin PENDLE-USDT	−0.0014%	8h	2.5197	−0.059%	$1.3M	$758K	75x	as long as short
Binance PENDLEUSDT	−0.0008%	8h	2.5305	+0.368%	$27.3M	$41.6M	75x	as long as short
Extended PENDLE-USD	−0.0008%	1h	2.5298	+0.343%	$166K	$528K	10x	as long as short
MEXC PENDLE_USDT	−0.0005%	8h	2.5299	+0.346%	$17.1M	$1.9M	125x	as long as short
dYdX PENDLE-USD	0.0000%	1h	2.5244	+0.126%	$11K	—	5x	as long as short
Orderly PERP_PENDLE_USDC	+0.0006%	8h	2.5303	+0.362%	$20K	$16K	10x	as long as short
Reya PENDLERUSDPERP	+0.0043%	1h	2.5301	+0.352%	$4K	—	15x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni PENDLElong	+0.0050%	8h	2.5212	long leg	$557K	$1.8M	—
GRVT PENDLE_USDT_Perp	+0.0071%	8h	2.5159	−0.210%	$420K	$1.6M	10x	as long as short
Aevo PENDLE-PERP	+0.0080%	1h	2.5313	+0.401%	$26K	—	3x	as long as short
Lighter PENDLE	+0.0096%	1h	2.5316	+0.413%	$533K	$415K	5x	as long as short
Paradex PENDLE-USD-PERP	+0.0100%	8h	2.5241	+0.115%	$35K	$18K	10x	as long as short
Hyperliquid PENDLE	+0.0100%	1h	2.5368	+0.619%	$12.6M	$6.0M	5x	as long as short
Aster PENDLEUSDT	+0.0100%	8h	2.5296	+0.334%	$45K	$177K	10x	as long as short
Bybit PENDLEUSDT	+0.0100%	8h	2.5300	+0.350%	$15.6M	$11.8M	50x	as long as short
OKX PENDLE-USDT-SWAP	+0.0100%	4h	2.5310	+0.389%	$3.3M	$6.0M	50x	as long as short
Gate PENDLE_USDT	+0.0100%	8h	2.5310	+0.389%	$790K	$1.2M	75x	as long as short
KuCoin PENDLEUSDTM	+0.0100%	8h	2.5308	+0.381%	$903K	$593K	50x	as long as short
Bitget PENDLEUSDT	+0.0100%	8h	2.5302	+0.358%	$3.8M	$2.7M	75x	as long as short
BingX PENDLE-USDT	+0.0100%	8h	2.5290	+0.310%	—	$35.7M	—	as long as short
edgeX PENDLEUSDC	+0.0100%	4h	2.5147	−0.256%	$25K	$395K	10x	as long as short
Polymarket Perps PENDLE-USD	+0.0100%	1h	2.5318	+0.421%	$16K	$20K	5x	as long as short
SunX PENDLE-USDTshort	+0.0100%	8h	2.5316	+0.413%	$2K	$1.8M	20x
GMX PENDLE/USD [PENDLE-USDC]	L +0.0199% / S −0.0256%	1h	2.5323	+0.440%	$5K	—	100x	as long as short
Kraken Futures PF_PENDLEUSD	+0.0592%	1h	2.5377	+0.655%	$120K	$301K	20x	as long as short
Coinbase International PENDLE-PERP-INTX	+0.0600%	1h	2.5250	+0.151%	$141K	$456K	25x	as long as short
Backpack PENDLE_USDC_PERP	+0.1179%	1h	2.5364	+0.603%	$329K	$492K	15x	as long as short