PENDLE

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC−0.0040%/8h= −4.4% APRnext payment −$0.05 per $10,000 · paid last 24h −0.004%

Price spread now: Aevo against Lighter+0.082%7-day average — · you sell dearer than you buy

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

Long on Lighter Short on Aevo

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

The price spread pays, funding is against you. Aevo is 0.082% dearer against Lighter than usual: you sell high and buy low (spread +0.082% now, against zero (this spread has no 7-day history yet)): +$8 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 6.9 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter PENDLE	2.4024	0.0096	pay 0.0012% / 1h	52m 44s	$648K	$526K	5x
Short	Aevo PENDLE-PERP	2.4044	0.0056	get 0.0007% / 1h	52m 44s	$25K	—	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aevo against Lighter. 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 LighterbpFee AevobpOrdersPrice spread, now +0.082%Rate

Funding earned: −$8.4
Price spread: +0.082% → 0.000%: $8.24
Slippage, 4 orders: no order book: not counted
Fee Lighter: 0 bp × 2 orders: $0
Fee Aevo: 8 bp × 2 orders: −$16
Net: −$16.16
Costs to cover: 0.160%
Break-even: never at this rate

Slippage unknown: Lighter: live order book, 46 min ago; Aevo: 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 Lighter live order book, 46 min ago	4.55 bp	7.0 bp −$7	70.0 bp −$700	doesn't fit	doesn't fit
Sell Aevo no order-book sample	—	—	—	—	—

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 exchanges

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	−0.3596%	1h	2.3810	−0.891%	$2K	$52K	5.5x	as long as short
Kraken Futures PF_PENDLEUSD	−0.0139%	1h	2.4038	+0.059%	$123K	$255K	20x	as long as short
Binance PENDLEUSDT	−0.0091%	8h	2.3996	−0.115%	$24.8M	$47.2M	75x	as long as short
MEXC PENDLE_USDT	−0.0091%	8h	2.4008	−0.067%	$18.5M	$2.1M	125x	as long as short
Extended PENDLE-USD	−0.0088%	1h	2.3997	−0.110%	$155K	$945K	10x	as long as short
BloFin PENDLE-USDT	−0.0083%	8h	2.4021	−0.012%	$1.1M	$524K	75x	as long as short
Deribit PENDLE_USDC-PERPETUAL	−0.0041%	1h	2.4024	0.000%	$24K	$10K	10x	as long as short
Aster PENDLEUSDT	−0.0035%	8h	2.4000	−0.100%	$48K	$166K	10x	as long as short
GRVT PENDLE_USDT_Perp	−0.0005%	8h	2.4017	−0.031%	$398K	$3.2M	10x	as long as short
dYdX PENDLE-USD	0.0000%	1h	2.4010	−0.058%	$10K	—	5x	as long as short

Show all 30 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Orderly PERP_PENDLE_USDC	+0.0006%	8h	2.4014	−0.042%	$18K	$15K	10x	as long as short
ApeX Omni PENDLEUSDT	+0.0032%	1h	2.4028	+0.017%	$73K	$232K	50x	as long as short
Aevo PENDLE-PERPshort	+0.0056%	1h	2.4044	+0.082%	$25K	—	3x
Variational Omni PENDLE	+0.0070%	8h	2.4014	−0.043%	$547K	$922K	—	as long as short
Lighter PENDLElong	+0.0096%	1h	2.4024	long leg	$648K	$526K	5x
Paradex PENDLE-USD-PERP	+0.0100%	8h	2.3996	−0.116%	$34K	—	10x	as long as short
Bybit PENDLEUSDT	+0.0100%	8h	2.3989	−0.146%	$14.4M	$12.1M	50x	as long as short
OKX PENDLE-USDT-SWAP	+0.0100%	4h	2.4010	−0.058%	$3.1M	$6.8M	50x	as long as short
Gate PENDLE_USDT	+0.0100%	8h	2.4010	−0.058%	$767K	$895K	75x	as long as short
KuCoin PENDLEUSDTM	+0.0100%	8h	2.4007	−0.071%	$633K	$505K	50x	as long as short
Bitget PENDLEUSDT	+0.0100%	8h	2.4004	−0.083%	$3.8M	$2.6M	75x	as long as short
BingX PENDLE-USDT	+0.0100%	8h	2.4004	−0.083%	—	$8.1M	—	as long as short
edgeX PENDLEUSDC	+0.0100%	4h	2.4020	−0.016%	$22K	$363K	10x	as long as short
Polymarket Perps PENDLE-USD	+0.0100%	1h	2.4019	−0.021%	$16K	$4K	5x	as long as short
SunX PENDLE-USDT	+0.0100%	8h	2.4019	−0.021%	$1K	$1.8M	20x	as long as short
Reya PENDLERUSDPERP	+0.0101%	1h	2.4010	−0.057%	$3K	—	15x	as long as short
GMX PENDLE/USD [PENDLE-USDC]	L +0.0175% / S −0.0165%	1h	2.4024	−0.001%	$5K	—	100x	as long as short
Hyperliquid PENDLE	+0.0250%	1h	2.4053	+0.120%	$12.8M	$5.9M	5x	as long as short
Coinbase International PENDLE-PERP-INTX	+0.0600%	1h	2.4020	−0.017%	$159K	$538K	25x	as long as short
Backpack PENDLE_USDC_PERP	+0.0824%	1h	2.4079	+0.229%	$358K	$384K	15x	as long as short