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: Aevo against Reya−0.020%7-day average — · you buy dearer than you sell

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

Long on Reya Short on Aevo

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

Funding pays, the price is against you. Aevo is 0.020% cheaper against Reya than usual: you would sell low and buy high (spread −0.020% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$2 on $10k: about 27 hours of funding at the current rate (+$2 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Reya PENDLERUSDPERP	2.5174	0.0035	pay 0.0004% / 1h	34m 54s	$4K	—	15x
Short	Aevo PENDLE-PERP	2.5169	0.0096	get 0.0012% / 1h	34m 54s	$26K	—	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aevo against Reya. 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 ReyabpFee AevobpOrdersPrice spread, now −0.020%Rate

Funding earned: $12.83
Price spread: −0.020% → 0.000%: −$2.03
Slippage, 4 orders: no order book: not counted
Fee Reya: 3 bp × 2 orders: −$6
Fee Aevo: 8 bp × 2 orders: −$16
Net: −$11.2
Costs to cover: 0.220%
Break-even: 13.1 days

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

Reya 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	−0.4806%	1h	2.4860	−1.249%	$2K	$7K	5.5x	as long as short
Kraken Futures PF_PENDLEUSD	−0.0429%	1h	2.5225	+0.202%	$150K	$279K	20x	as long as short
dYdX PENDLE-USD	0.0000%	1h	2.5179	+0.020%	$11K	—	5x	as long as short
Deribit PENDLE_USDC-PERPETUAL	0.0000%	1h	2.5192	+0.070%	$30K	$10K	10x	as long as short
Variational Omni PENDLE	+0.0024%	8h	2.5124	−0.199%	$609K	$2.3M	—	as long as short
Reya PENDLERUSDPERPlong	+0.0035%	1h	2.5174	long leg	$4K	—	15x
Orderly PERP_PENDLE_USDC	+0.0035%	8h	2.5182	+0.031%	$25K	$11K	10x	as long as short
BloFin PENDLE-USDT	+0.0041%	8h	2.5177	+0.011%	$1.3M	$743K	75x	as long as short
MEXC PENDLE_USDT	+0.0044%	8h	2.5194	+0.078%	$16.9M	$2.2M	125x	as long as short
Binance PENDLEUSDT	+0.0044%	8h	2.5192	+0.071%	$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	2.5165	−0.037%	$165K	$524K	10x	as long as short
ApeX Omni PENDLEUSDT	+0.0083%	1h	2.5192	+0.070%	$77K	$240K	50x	as long as short
Lighter PENDLE	+0.0096%	1h	2.5181	+0.027%	$545K	$385K	5x	as long as short
Aevo PENDLE-PERPshort	+0.0096%	1h	2.5169	−0.020%	$26K	—	3x
Paradex PENDLE-USD-PERP	+0.0100%	8h	2.5153	−0.084%	$35K	$22K	10x	as long as short
Hyperliquid PENDLE	+0.0100%	1h	2.5205	+0.122%	$12.4M	$5.6M	5x	as long as short
Aster PENDLEUSDT	+0.0100%	8h	2.5177	+0.010%	$41K	$177K	10x	as long as short
Bybit PENDLEUSDT	+0.0100%	8h	2.5180	+0.023%	$15.6M	$12.2M	50x	as long as short
OKX PENDLE-USDT-SWAP	+0.0100%	4h	2.5190	+0.062%	$3.3M	$5.7M	50x	as long as short
Gate PENDLE_USDT	+0.0100%	8h	2.5170	−0.017%	$846K	$1.1M	75x	as long as short
KuCoin PENDLEUSDTM	+0.0100%	8h	2.5167	−0.029%	$912K	$609K	50x	as long as short
Bitget PENDLEUSDT	+0.0100%	8h	2.5168	−0.025%	$3.7M	$2.6M	75x	as long as short
BingX PENDLE-USDT	+0.0100%	8h	2.5169	−0.021%	—	$36.4M	—	as long as short
edgeX PENDLEUSDC	+0.0100%	4h	2.5153	−0.086%	$25K	$412K	10x	as long as short
GRVT PENDLE_USDT_Perp	+0.0100%	8h	2.5182	+0.029%	$416K	$1.6M	10x	as long as short
Polymarket Perps PENDLE-USD	+0.0100%	1h	2.5192	+0.070%	$16K	$19K	5x	as long as short
SunX PENDLE-USDT	+0.0100%	8h	2.5193	+0.074%	$2K	$1.7M	20x	as long as short
GMX PENDLE/USD [PENDLE-USDC]	L +0.0200% / S −0.0277%	1h	2.5190	+0.064%	$5K	—	100x	as long as short
Coinbase International PENDLE-PERP-INTX	+0.0560%	1h	2.5220	+0.182%	$117K	$430K	25x	as long as short
Backpack PENDLE_USDC_PERP	+0.0815%	1h	2.5237	+0.249%	$365K	$465K	15x	as long as short