PENDLE

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0036%/8h= −3.9% APRnext payment −$0.04 per $10,000 · paid last 24h +0.003%

Price spread now: Aevo against Polymarket Perps−0.107%7-day average — · you buy dearer than you sell

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

Long on Polymarket Perps 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—needs both histories

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Aevo is 0.107% cheaper against Polymarket Perps than usual: you would sell low and buy high (−$11 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Polymarket Perps PENDLE-USD	2.5186	0.0100	pay 0.0013% / 1h	9m 48s	$16K	$20K	5x
Short	Aevo PENDLE-PERP	2.5159	0.0064	get 0.0008% / 1h	9m 48s	$26K	—	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aevo against Polymarket Perps. 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 Polymarket PerpsbpFee AevobpOrdersPrice spread, now −0.107%Rate

Funding earned: −$7.56
Price spread: −0.107% → 0.000%: −$10.74
Slippage, 4 orders: no order book: not counted
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee Aevo: 8 bp × 2 orders: −$16
Net: −$42.3
Costs to cover: 0.240%
Break-even: never at this rate

Slippage unknown: Polymarket Perps: no order-book sample; 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 Polymarket Perps no order-book sample	—	—	—	—	—
Sell Aevo no order-book sample	—	—	—	—	—

Polymarket Perps and 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	−0.5000%	1h	2.4940	−0.977%	$2K	$54K	5.5x	as long as short
Deribit PENDLE_USDC-PERPETUAL	−0.0505%	1h	2.5157	−0.115%	$28K	$11K	10x	as long as short
Binance PENDLEUSDT	−0.0069%	8h	2.5164	−0.087%	$27.2M	$42.2M	75x	as long as short
ApeX Omni PENDLEUSDT	−0.0066%	1h	2.5150	−0.143%	$77K	$239K	50x	as long as short
MEXC PENDLE_USDT	−0.0065%	8h	2.5170	−0.064%	$17.1M	$1.9M	125x	as long as short
Extended PENDLE-USD	−0.0064%	1h	2.5130	−0.221%	$165K	$528K	10x	as long as short
BloFin PENDLE-USDT	−0.0047%	8h	2.5102	−0.334%	$1.3M	$707K	75x	as long as short
Orderly PERP_PENDLE_USDC	−0.0009%	8h	2.5155	−0.123%	$20K	$16K	10x	as long as short
dYdX PENDLE-USD	0.0000%	1h	2.5181	−0.019%	$11K	—	5x	as long as short
GRVT PENDLE_USDT_Perp	+0.0016%	8h	2.5140	−0.182%	$416K	$1.6M	10x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni PENDLE	+0.0022%	8h	2.5081	−0.415%	$596K	$1.9M	—	as long as short
Reya PENDLERUSDPERP	+0.0047%	1h	2.5157	−0.115%	$4K	—	15x	as long as short
Aevo PENDLE-PERPshort	+0.0064%	1h	2.5159	−0.107%	$26K	—	3x
Lighter PENDLE	+0.0096%	1h	2.5169	−0.067%	$530K	$416K	5x	as long as short
Paradex PENDLE-USD-PERP	+0.0100%	8h	2.5153	−0.130%	$35K	$18K	10x	as long as short
Aster PENDLEUSDT	+0.0100%	8h	2.5184	−0.008%	$47K	$177K	10x	as long as short
Bybit PENDLEUSDT	+0.0100%	8h	2.5140	−0.183%	$15.5M	$12.0M	50x	as long as short
OKX PENDLE-USDT-SWAP	+0.0100%	4h	2.5150	−0.143%	$3.2M	$6.0M	50x	as long as short
Gate PENDLE_USDT	+0.0100%	8h	2.5160	−0.103%	$777K	$1.2M	75x	as long as short
KuCoin PENDLEUSDTM	+0.0100%	8h	2.5148	−0.151%	$883K	$600K	50x	as long as short
Bitget PENDLEUSDT	+0.0100%	8h	2.5148	−0.151%	$3.7M	$2.5M	75x	as long as short
BingX PENDLE-USDT	+0.0100%	8h	2.5165	−0.083%	—	$35.7M	—	as long as short
edgeX PENDLEUSDC	+0.0100%	4h	2.5152	−0.134%	$25K	$380K	10x	as long as short
Polymarket Perps PENDLE-USDlong	+0.0100%	1h	2.5186	long leg	$16K	$20K	5x
SunX PENDLE-USDT	+0.0100%	8h	2.5153	−0.131%	$2K	$1.8M	20x	as long as short
GMX PENDLE/USD [PENDLE-USDC]	L +0.0199% / S −0.0256%	1h	2.5173	−0.052%	$5K	—	100x	as long as short
Hyperliquid PENDLE	+0.0332%	1h	2.5220	+0.135%	$12.8M	$6.2M	5x	as long as short
Kraken Futures PF_PENDLEUSD	+0.0596%	1h	2.5205	+0.077%	$119K	$298K	20x	as long as short
Coinbase International PENDLE-PERP-INTX	+0.0600%	1h	2.5340	+0.611%	$141K	$450K	25x	as long as short
Backpack PENDLE_USDC_PERP	+0.0665%	1h	2.5201	+0.060%	$331K	$489K	15x	as long as short