PENDLE

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0008%/8h= +0.9% APRnext payment +$0.01 per $10,000 · paid last 24h −0.002%

Price spread now: Lighter against Aevo−0.065%7-day average — · you buy dearer than you sell

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

Long on Aevo Short on Lighter

What this pair did over the last

the charts below follow

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 airdropLighter: Season 3 · farm boardneeds both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Lighter is 0.065% cheaper against Aevo than usual: you would sell low and buy high, −$7 on $10k if it 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	2.5217	0.0088	pay 0.0011% / 1h	54m 37s	$26K	—	3x
Short	Lighter PENDLE	2.5201	0.0096	get 0.0012% / 1h	54m 37s	$551K	$375K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter 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 LighterbpOrdersPrice spread, now −0.065%Rate

Funding earned: $1.68
Price spread: −0.065% → 0.000%: −$6.54
Slippage, 4 orders: no order book: not counted
Fee Aevo: 8 bp × 2 orders: −$16
Fee Lighter: 0 bp × 2 orders: $0
Net: −$20.86
Costs to cover: 0.160%
Break-even: 93.9 days

Slippage unknown: Aevo: no order-book sample; Lighter: live order book, 29 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 Lighter live order book, 29 min ago	8.07 bp	12.6 bp −$13	85.1 bp −$851	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	−0.4806%	1h	2.4860	−1.418%	$2K	$7K	5.5x	as long as short
Kraken Futures PF_PENDLEUSD	−0.0429%	1h	2.5252	+0.135%	$159K	$259K	20x	as long as short
dYdX PENDLE-USD	0.0000%	1h	2.5214	−0.012%	$11K	—	5x	as long as short
Deribit PENDLE_USDC-PERPETUAL	0.0000%	1h	2.5236	+0.073%	$30K	$10K	10x	as long as short
Variational Omni PENDLE	+0.0010%	8h	2.5125	−0.367%	$607K	$2.3M	—	as long as short
BloFin PENDLE-USDT	+0.0018%	8h	2.5219	+0.006%	$1.3M	$800K	75x	as long as short
Extended PENDLE-USD	+0.0032%	1h	2.5141	−0.303%	$165K	$524K	10x	as long as short
Reya PENDLERUSDPERP	+0.0033%	1h	2.5221	+0.014%	$4K	—	15x	as long as short
MEXC PENDLE_USDT	+0.0035%	8h	2.5195	−0.089%	$16.9M	$2.2M	125x	as long as short
Orderly PERP_PENDLE_USDC	+0.0035%	8h	2.5225	+0.030%	$23K	$8K	10x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance PENDLEUSDT	+0.0036%	8h	2.5192	−0.100%	$27.5M	$38.8M	75x	as long as short
Aster PENDLEUSDT	+0.0076%	8h	2.5217	−0.001%	$41K	$176K	10x	as long as short
Aevo PENDLE-PERPlong	+0.0088%	1h	2.5217	long leg	$26K	—	3x
Lighter PENDLEshort	+0.0096%	1h	2.5201	−0.065%	$551K	$375K	5x
Paradex PENDLE-USD-PERP	+0.0100%	8h	2.5159	−0.231%	$35K	$22K	10x	as long as short
Hyperliquid PENDLE	+0.0100%	1h	2.5240	+0.089%	$12.5M	$5.5M	5x	as long as short
Bybit PENDLEUSDT	+0.0100%	8h	2.5164	−0.212%	$15.6M	$12.3M	50x	as long as short
OKX PENDLE-USDT-SWAP	+0.0100%	4h	2.5170	−0.188%	$3.3M	$5.6M	50x	as long as short
Gate PENDLE_USDT	+0.0100%	8h	2.5190	−0.109%	$850K	$1.1M	75x	as long as short
KuCoin PENDLEUSDTM	+0.0100%	8h	2.5221	+0.014%	$911K	$607K	50x	as long as short
Bitget PENDLEUSDT	+0.0100%	8h	2.5188	−0.117%	$3.8M	$2.6M	75x	as long as short
BingX PENDLE-USDT	+0.0100%	8h	2.5177	−0.161%	—	$36.4M	—	as long as short
edgeX PENDLEUSDC	+0.0100%	4h	2.5141	−0.304%	$25K	$411K	10x	as long as short
GRVT PENDLE_USDT_Perp	+0.0100%	8h	2.5138	−0.315%	$427K	$1.6M	10x	as long as short
ApeX Omni PENDLEUSDT	+0.0100%	1h	2.5100	−0.466%	$77K	$239K	50x	as long as short
Polymarket Perps PENDLE-USD	+0.0100%	1h	2.5234	+0.065%	$16K	$19K	5x	as long as short
SunX PENDLE-USDT	+0.0100%	8h	2.5238	+0.081%	$2K	$1.7M	20x	as long as short
GMX PENDLE/USD [PENDLE-USDC]	L +0.0200% / S −0.0277%	1h	2.5231	+0.054%	$5K	—	100x	as long as short
Coinbase International PENDLE-PERP-INTX	+0.0560%	1h	2.5280	+0.248%	$118K	$439K	25x	as long as short
Backpack PENDLE_USDC_PERP	+0.0671%	1h	2.5287	+0.276%	$366K	$466K	15x	as long as short