PENDLE

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0189%/8h= +20.7% APRnext payment +$0.24 per $10,000 · paid last 24h +0.044%

Price spread now: GMX against Aevo+0.086%7-day average — · you sell dearer than you buy

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

Long on Aevo Short on GMX

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—needs both histories

Both sides work for this trade now. Funding pays +$6 a day on $10k at the current rate, and GMX is 0.086% dearer against Aevo than usual: you sell high and buy low: +$9 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aevo PENDLE-PERP	2.5145	0.0088	pay 0.0011% / 1h	38m 51s	$26K	—	3x
Short	GMX PENDLE/USD [PENDLE-USDC]	2.5167	L +0.0200% / S −0.0277%	get 0.0035% / 1h	38m 51s	$5K	—	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX against Aevo. 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 AevobpFee GMXbpOrdersPrice spread, now +0.086%Rate

Funding earned: $39.75
Price spread: +0.086% → 0.000%: $8.59
Slippage, 4 orders: no order book: not counted
Fee Aevo: 8 bp × 2 orders: −$16
Fee GMX: 6 bp × 2 orders: −$12
Net: $20.33
Costs to cover: 0.280%
Break-even: 3.4 days

Slippage unknown: Aevo: no order-book sample; GMX: no order-book sample. 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 Aevo no order-book sample	—	—	—	—	—
Sell GMX no order-book sample	—	—	—	—	—

Aevo and GMX: 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	−0.4806%	1h	2.4860	−1.135%	$2K	$7K	5.5x	as long as short
Kraken Futures PF_PENDLEUSD	−0.0430%	1h	2.5200	+0.215%	$150K	$279K	20x	as long as short
Deribit PENDLE_USDC-PERPETUAL	−0.0068%	1h	2.5155	+0.038%	$30K	$10K	10x	as long as short
dYdX PENDLE-USD	0.0000%	1h	2.5215	+0.276%	$11K	—	5x	as long as short
Variational Omni PENDLE	+0.0019%	8h	2.5180	+0.138%	$609K	$2.3M	—	as long as short
Reya PENDLERUSDPERP	+0.0035%	1h	2.5156	+0.041%	$4K	—	15x	as long as short
Orderly PERP_PENDLE_USDC	+0.0036%	8h	2.5153	+0.030%	$23K	$8K	10x	as long as short
Extended PENDLE-USD	+0.0040%	1h	2.5134	−0.048%	$165K	$524K	10x	as long as short
MEXC PENDLE_USDT	+0.0042%	8h	2.5147	+0.006%	$16.9M	$2.2M	125x	as long as short
Binance PENDLEUSDT	+0.0044%	8h	2.5145	−0.002%	$27.4M	$39.1M	75x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BloFin PENDLE-USDT	+0.0070%	8h	2.5144	−0.006%	$1.3M	$743K	75x	as long as short
Aevo PENDLE-PERPlong	+0.0088%	1h	2.5145	long leg	$26K	—	3x
Lighter PENDLE	+0.0096%	1h	2.5160	+0.058%	$544K	$385K	5x	as long as short
Paradex PENDLE-USD-PERP	+0.0100%	8h	2.5154	+0.034%	$35K	$22K	10x	as long as short
Hyperliquid PENDLE	+0.0100%	1h	2.5177	+0.125%	$12.4M	$5.6M	5x	as long as short
Aster PENDLEUSDT	+0.0100%	8h	2.5161	+0.060%	$41K	$177K	10x	as long as short
Bybit PENDLEUSDT	+0.0100%	8h	2.5126	−0.078%	$15.5M	$12.2M	50x	as long as short
OKX PENDLE-USDT-SWAP	+0.0100%	4h	2.5160	+0.058%	$3.3M	$5.7M	50x	as long as short
Gate PENDLE_USDT	+0.0100%	8h	2.5160	+0.058%	$846K	$1.1M	75x	as long as short
KuCoin PENDLEUSDTM	+0.0100%	8h	2.5165	+0.078%	$912K	$608K	50x	as long as short
Bitget PENDLEUSDT	+0.0100%	8h	2.5125	−0.082%	$3.7M	$2.6M	75x	as long as short
BingX PENDLE-USDT	+0.0100%	8h	2.5154	+0.034%	—	$36.4M	—	as long as short
edgeX PENDLEUSDC	+0.0100%	4h	2.5192	+0.185%	$25K	$411K	10x	as long as short
GRVT PENDLE_USDT_Perp	+0.0100%	8h	2.5192	+0.184%	$416K	$1.6M	10x	as long as short
ApeX Omni PENDLEUSDT	+0.0100%	1h	2.5192	+0.185%	$77K	$240K	50x	as long as short
Polymarket Perps PENDLE-USD	+0.0100%	1h	2.5169	+0.093%	$16K	$19K	5x	as long as short
SunX PENDLE-USDT	+0.0100%	8h	2.5157	+0.046%	$1K	$1.7M	20x	as long as short
GMX PENDLE/USD [PENDLE-USDC]short	L +0.0200% / S −0.0277%	1h	2.5167	+0.086%	$5K	—	100x
Coinbase International PENDLE-PERP-INTX	+0.0560%	1h	2.5220	+0.296%	$117K	$433K	25x	as long as short
Backpack PENDLE_USDC_PERP	+0.0839%	1h	2.5192	+0.185%	$365K	$465K	15x	as long as short