PENDLE

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0061%/8h= −6.7% APRnext payment −$0.08 per $10,000 · paid last 24h −0.037%

Price spread now: Reya against Aevo−0.057%53s7-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 Reya

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—+ Points / potential airdropReya: Active · farm boardneeds both histories

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Reya is 0.057% cheaper against Aevo than usual: you would sell low and buy high (−$6 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 53 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	2.5169	0.0096	pay 0.0012% / 1h	34m 32s	$26K	—	3x
Short	Reya PENDLERUSDPERP	2.5155	0.0035	get 0.0004% / 1h	34m 32s	$4K	—	15x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Reya 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 ReyabpOrdersPrice spread, now −0.057%Rate

Funding earned: −$12.82
Price spread: −0.057% → 0.000%: −$5.67
Slippage, 4 orders: no order book: not counted
Fee Aevo: 8 bp × 2 orders: −$16
Fee Reya: 3 bp × 2 orders: −$6
Net: −$40.49
Costs to cover: 0.220%
Break-even: never at this rate

Slippage unknown: Aevo: no order-book sample; Reya: 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 Reya no order-book sample	—	—	—	—	—

Aevo and Reya: 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	−1.228%	$2K	$7K	5.5x	as long as short
Kraken Futures PF_PENDLEUSD	−0.0429%	1h	2.5225	+0.222%	$150K	$279K	20x	as long as short
dYdX PENDLE-USD	0.0000%	1h	2.5179	+0.040%	$11K	—	5x	as long as short
Deribit PENDLE_USDC-PERPETUAL	0.0000%	1h	2.5192	+0.091%	$30K	$10K	10x	as long as short
Variational Omni PENDLE	+0.0024%	8h	2.5124	−0.179%	$609K	$2.3M	—	as long as short
Reya PENDLERUSDPERPshort	+0.0035%	1h	2.5155	−0.057%	$4K	—	15x
Orderly PERP_PENDLE_USDC	+0.0035%	8h	2.5182	+0.051%	$25K	$11K	10x	as long as short
BloFin PENDLE-USDT	+0.0041%	8h	2.5177	+0.031%	$1.3M	$743K	75x	as long as short
MEXC PENDLE_USDT	+0.0044%	8h	2.5153	−0.064%	$16.9M	$2.2M	125x	as long as short
Binance PENDLEUSDT	+0.0046%	8h	2.5159	−0.039%	$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
Extended PENDLE-USD	+0.0048%	1h	2.5147	−0.088%	$165K	$524K	10x	as long as short
ApeX Omni PENDLEUSDT	+0.0083%	1h	2.5192	+0.091%	$77K	$240K	50x	as long as short
Lighter PENDLE	+0.0096%	1h	2.5183	+0.055%	$545K	$385K	5x	as long as short
Aevo PENDLE-PERPlong	+0.0096%	1h	2.5169	long leg	$26K	—	3x
Paradex PENDLE-USD-PERP	+0.0100%	8h	2.5160	−0.037%	$35K	$22K	10x	as long as short
Hyperliquid PENDLE	+0.0100%	1h	2.5170	+0.003%	$12.3M	$5.6M	5x	as long as short
Aster PENDLEUSDT	+0.0100%	8h	2.5188	+0.075%	$41K	$177K	10x	as long as short
Bybit PENDLEUSDT	+0.0100%	8h	2.5140	−0.116%	$15.6M	$12.2M	50x	as long as short
OKX PENDLE-USDT-SWAP	+0.0100%	4h	2.5170	+0.003%	$3.3M	$5.7M	50x	as long as short
Gate PENDLE_USDT	+0.0100%	8h	2.5170	+0.003%	$846K	$1.1M	75x	as long as short
KuCoin PENDLEUSDTM	+0.0100%	8h	2.5161	−0.033%	$912K	$609K	50x	as long as short
Bitget PENDLEUSDT	+0.0100%	8h	2.5138	−0.124%	$3.7M	$2.6M	75x	as long as short
BingX PENDLE-USDT	+0.0100%	8h	2.5163	−0.025%	—	$36.4M	—	as long as short
edgeX PENDLEUSDC	+0.0100%	4h	2.5153	−0.066%	$25K	$412K	10x	as long as short
GRVT PENDLE_USDT_Perp	+0.0100%	8h	2.5182	+0.049%	$416K	$1.6M	10x	as long as short
Polymarket Perps PENDLE-USD	+0.0100%	1h	2.5176	+0.027%	$16K	$19K	5x	as long as short
SunX PENDLE-USDT	+0.0100%	8h	2.5193	+0.095%	$2K	$1.7M	20x	as long as short
GMX PENDLE/USD [PENDLE-USDC]	L +0.0200% / S −0.0277%	1h	2.5185	+0.065%	$5K	—	100x	as long as short
Coinbase International PENDLE-PERP-INTX	+0.0560%	1h	2.5220	+0.202%	$117K	$430K	25x	as long as short
Backpack PENDLE_USDC_PERP	+0.0815%	1h	2.5237	+0.269%	$365K	$465K	15x	as long as short