Funding you earn now, next payment 23:00 UTC+0.0020%/8h= +2.2% APRnext payment +$0.02 per $10,000 · paid last 24h +0.011%
Price spread now: Hyperliquid against Aevo+0.179%54s7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 5 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—+ Points / potential airdropHyperliquid: Season 2 · farm boardneeds both histories
Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Hyperliquid is 0.179% dearer against Aevo than usual: you sell high and buy low: +$18 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 54 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 | Aevo PENDLE-PERP | 2.4966 | 0.0080 | pay 0.0010% / 1h | 2m 22s | $26K | — | 3x |
| Short | Hyperliquid PENDLE | 2.5011 | 0.0100 | get 0.0013% / 1h | 2m 22s | $12.3M | $6.0M | 5x |
Aevo PENDLE-PERP
Hyperliquid PENDLEFunding history
latest
Range statsloading…
Price spread between the two exchanges
Hyperliquid against Aevo. 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
- $4.2
- Price spread: +0.179% → 0.000%
- $17.95
- Slippage, 4 orders
- no order book: not counted
- Fee Aevo: 8 bp × 2 orders
- −$16
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- −$2.85
- Costs to cover
- 0.250%
- Break-even
- 11.8 days
Slippage unknown: Aevo: no order-book sample; Hyperliquid: live order book, 10 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 Aevo no order-book sample | — | — | — | — | — |
| Sell Hyperliquid live order book, 10 min ago | 0.20 bp | 17.1 bp −$17 | doesn't fit | doesn't fit | doesn't fit |
Aevo: 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 | −0.3656% | 1h | 2.4550 | −1.666% | $2K | $53K | 5.5x | as long as short |
| Deribit PENDLE_USDC-PERPETUAL | −0.0270% | 1h | 2.4984 | +0.072% | $29K | $10K | 10x | as long as short |
| ApeX Omni PENDLEUSDT | −0.0086% | 1h | 2.4893 | −0.293% | $76K | $239K | 50x | as long as short |
| BloFin PENDLE-USDT | −0.0041% | 8h | 2.4965 | −0.004% | $1.3M | $746K | 75x | as long as short |
| Extended PENDLE-USD | −0.0016% | 1h | 2.4959 | −0.027% | $164K | $526K | 10x | as long as short |
| Binance PENDLEUSDT | −0.0013% | 8h | 2.4979 | +0.051% | $27.0M | $41.3M | 75x | as long as short |
| MEXC PENDLE_USDT | −0.0012% | 8h | 2.4990 | +0.096% | $16.9M | $2.1M | 125x | as long as short |
| dYdX PENDLE-USD | 0.0000% | 1h | 2.4983 | +0.069% | $11K | — | 5x | as long as short |
| Orderly PERP_PENDLE_USDC | +0.0011% | 8h | 2.4968 | +0.008% | $20K | $16K | 10x | as long as short |
| Reya PENDLERUSDPERP | +0.0042% | 1h | 2.4977 | +0.045% | $4K | — | 15x | as long as short |
Injective PENDLE/USDC PERP
Deribit PENDLE_USDC-PERPETUAL
ApeX Omni PENDLEUSDT
BloFin PENDLE-USDT
Extended PENDLE-USD
Binance PENDLEUSDT
MEXC PENDLE_USDT
dYdX 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 PENDLE | +0.0058% | 8h | 2.4872 | −0.378% | $550K | $2.0M | — | as long as short |
| GRVT PENDLE_USDT_Perp | +0.0060% | 8h | 2.4917 | −0.196% | $414K | $1.6M | 10x | as long as short |
| Aevo PENDLE-PERPlong | +0.0080% | 1h | 2.4966 | long leg | $26K | — | 3x | |
| Lighter PENDLE | +0.0096% | 1h | 2.4980 | +0.056% | $528K | $427K | 5x | as long as short |
| Paradex PENDLE-USD-PERP | +0.0100% | 8h | 2.4967 | +0.004% | $35K | $20K | 10x | as long as short |
| Hyperliquid PENDLEshort | +0.0100% | 1h | 2.5011 | +0.179% | $12.3M | $6.0M | 5x | |
| Aster PENDLEUSDT | +0.0100% | 8h | 2.4968 | +0.007% | $44K | $176K | 10x | as long as short |
| Bybit PENDLEUSDT | +0.0100% | 8h | 2.4978 | +0.048% | $15.4M | $11.9M | 50x | as long as short |
| OKX PENDLE-USDT-SWAP | +0.0100% | 4h | 2.4990 | +0.096% | $3.2M | $6.0M | 50x | as long as short |
| Gate PENDLE_USDT | +0.0100% | 8h | 2.4970 | +0.016% | $784K | $1.2M | 75x | as long as short |
| KuCoin PENDLEUSDTM | +0.0100% | 8h | 2.4980 | +0.056% | $888K | $597K | 50x | as long as short |
| Bitget PENDLEUSDT | +0.0100% | 8h | 2.4954 | −0.048% | $3.7M | $2.7M | 75x | as long as short |
| BingX PENDLE-USDT | +0.0100% | 8h | 2.4976 | +0.040% | — | $35.5M | — | as long as short |
| edgeX PENDLEUSDC | +0.0100% | 4h | 2.4905 | −0.246% | $25K | $397K | 10x | as long as short |
| Polymarket Perps PENDLE-USD | +0.0100% | 1h | 2.5004 | +0.152% | $16K | $20K | 5x | as long as short |
| SunX PENDLE-USDT | +0.0100% | 8h | 2.4982 | +0.064% | $2K | $1.8M | 20x | as long as short |
| GMX PENDLE/USD [PENDLE-USDC] | L +0.0199% / S −0.0256% | 1h | 2.4996 | +0.120% | $5K | — | 100x | as long as short |
| Coinbase International PENDLE-PERP-INTX | +0.0592% | 1h | 2.5030 | +0.256% | $139K | $462K | 25x | as long as short |
| Backpack PENDLE_USDC_PERP | +0.0688% | 1h | 2.5013 | +0.188% | $356K | $477K | 15x | as long as short |
| Kraken Futures PF_PENDLEUSD | +0.0753% | 1h | 2.5015 | +0.197% | $118K | $305K | 20x | as long as short |
Variational Omni PENDLE
GRVT PENDLE_USDT_Perp
Lighter PENDLE
Paradex PENDLE-USD-PERP
Aster PENDLEUSDT
Bybit PENDLEUSDT
OKX PENDLE-USDT-SWAP
Gate PENDLE_USDT
KuCoin PENDLEUSDTM
Bitget PENDLEUSDT
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